Binance's BNB Faces Short-Term Correction Amid Legal Troubles in Australia
The cryptocurrency market is experiencing a short-term pullback following a sustained bull run since early November. Among the affected altcoins is Binance's native token, BNB, which has dropped 1.5% in the past 24 hours but remains up 1.64% over the week.

Legal Challenges in Australia

BNB's performance comes despite escalating legal troubles for Binance in Australia. The Australian Securities and Investments Commission

Bitcoin’s Dominance Soars in 2024: Spot ETFs and Institutional Adoption Drive Growth

The year 2024 has proven transformative for digital assets, with Bitcoin (BTC) experiencing a surge in institutional adoption. This evolution has been driven by two key factors: the integration of Bitcoin into public balance sheets as a treasury asset and the growing success of U.S. spot-listed exchange-traded funds (ETFs), which have collectively secured over 1 million BTC.
Bitcoin ETFs Outpace Gold in AUM
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Federal Reserve Chair Rules Out Bitcoin on Fed's Balance Sheet, Markets React
Federal Reserve Chair Jerome Powell has unequivocally ruled out the possibility of the central bank holding Bitcoin, citing legal constraints under the Federal Reserve Act. During a press conference on December 19, Powell clarified that the Fed is not seeking legislative changes to enable cryptocurrency ownership.

“We’re not allowed to own Bitcoin,” Powell stated. “The Federal Reserve Act defines what we can hold, and

PENGU Token Launch: $6 Investment Yields $87K
Yesterday, Binance launched the PENGU token, sparking immense demand through a significant airdrop and spot trading pairs, including USD, BNB, FDUSD, and TRY. The token’s popularity was fueled by the success of the Pudgy Penguin NFT collection, which laid the foundation for strong investor interest.
According to Arkham Intelligence, one trader managed to buy $6 worth of PENGU tokens before the main liquidity pool was launched on Solana. By pairing th

The surging value of Bitcoin has drawn the attention of luxury brands and retailers, prompting many to consider accepting cryptocurrencies as payment. This move aims to tap into new wealth pools and strengthen relationships with crypto-savvy consumers.
Previously, only a few high-end labels, such as LVMH's Hublot and Tag Heuer, as well as Kering's Gucci and Balenciaga, had experimented with cryptocurrency payment options. However, the landscape is shifting as interest in digital currencies grows

The Pudgy Penguins NFT project’s highly anticipated token launch has had an underwhelming start, with its native token, PENGU, plummeting over 50% in the initial hours of trading following the Dec. 17 airdrop.

Source:CoinGecko
Approximately half of the total supply of nearly 89 billion PENGU tokens has been distributed to the community, with 26% allocated to NFT holders, as per the project’s website.
The token initially launched with a market capitalization of approxima

A trader lost nearly $10,000 while trying to capitalize on the Pudgy Penguins (PENGU) token airdrop. The PENGU token surged to a $3 billion market cap shortly after launch, but the trader mistakenly purchased tokens from a manipulated low-liquidity pool at an inflated $14 trillion valuation. Their $10,000 investment dwindled to under $3 within minutes.

This error stemmed from a glitch in the Jupiter decentralized exchange and the trader's failure to verify the contract address. They later acqui