PENGU Current Price: $0.041388 24-Hour Change: +15.21% PEN | Psalm2504 on Binance Square

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PENGU
Current Price: $0.041388
24-Hour Change: +15.21%
PENGU managed to secure its place in the gainers' list with a 15.21% increase. Though relatively smaller in scale, the token has drawn attention, likely driven by community hype or market speculation.
#Crypto2025Trends #GrayscaleHorizenTrust #MarketRebound #BinanceLabsBacksUsual $PENGU 

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Ethereum (ETH) Price Analysis Ethereum's (ETH) price action continues to be muted as it struggles to cross $3,500. ETH is trading in a narrow range as buyers look to build momentum and test the resistance at $3,500. After facing significant bearish pressure, ETH started the previous week on a positive note, registering an increase of 4.27% on Monday and moving to $3,419. Buyers retained control on Tuesday as ETH crossed the 50-day SMA after registering an increase of 2.11% and settling at $3,491. With sellers active at this level, ETH could only register a marginal rise on Wednesday as buyers struggled to build momentum. Sellers took control on Thursday as ETH dropped almost 5% to $3,333. Source: TradingView ETH attempted a recovery on Friday as it rose to $3,436. However, it lost momentum after reaching this level and dropped to $3,331. Buyers returned to the market on Saturday as ETH registered an increase of just over 2% and moved to $3,402. However, it was back in the red on Sunday, dropping by 1.46% to $3,352. The current week began with ETH experiencing significant volatility as buyers and sellers struggled to establish control. Buyers ultimately gained the upper hand as ETH registered a marginal increase and settled at $3,358. ETH was back in the red on Tuesday as buyers failed to build momentum, dropping almost 1% to $3,333. Wednesday saw ETH register a marginal increase and settle at $3,356. Buyers have retained control during the current session, with the price up almost 2% and trading around $3,422. $ETH

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Swiss Legislator Proposes Adding Bitcoin To Constitution Swiss lawmaker Samuel Kullmann is leading efforts to include Bitcoin in the Swiss constitution. The legislator has pushed for a referendum that requires 100,000 signatures within 18 months to vote on adopting Bitcoin as part of the Swiss constitution. Porter talked about the proposal in detail on X, stating, “I’m very excited about what is happening in Switzerland. I was able to speak in Switzerland in 2024 on a panel alongside @samuelkullmann who is a Swiss lawmaker doing incredible things to advance Bitcoin in the country. He informed me that he was pursuing an effort to add Bitcoin to the constitution. That effort would essentially entail collecting 100,000 signatures within 18 months to force the Cantons (states) to vote on adopting Bitcoin as part of the Swiss constitution. It will be a lot of work and I know it’s a long shot, but we need to be taking shots at the end zone now when we have the momentum.” However, the Swiss National Bank is reluctant to buy and hold BTC if the central bank Chairman Thomas Jordan is to be believed. The bank’s skepticism comes amid growing calls to change Swiss laws and allow crypto to be added to the country’s reserves. Jordan stated in April 2024, “We have not yet decided that we want to invest in Bitcoin for good reasons. Currency reserves are international payments. They have to be liquid. They have to be sustainable. And we have to be able to sell and buy them. $BTC #Binance250Million

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Singapore Emerging As A Key Player In Asia’s Crypto Ecosystem Singapore is emerging as a top destination for Web3 companies, issuing twice as many licenses in 2024 than in 2023. According to William Croisettier, chief growth officer of ZKcandy, Singapore’s regulatory policies are helping the country position itself as the next crypto hub in Asia. “The country adopts a risk-adjusted approach to crypto regulation, focusing on the biggest digital currencies to protect investors. Singapore also makes it easy for new crypto firms to interact with local banking partners, a provision considered a luxury in other parts of the world.” Singapore has 1,600 blockchain patents, 2,433 industry-related jobs, and 81 exchanges. In 2024, the Monetary Authority of Singapore (MAS) issued 13 major Payment Institution Licenses for crypto exchanges. In 2023, it issued four MPI licenses to Blockchain.com, Crypto.com, Coinbase, and Ripple. Mouloukou Sanoh, the co-founder and CEO of MANSA, believes the growth in MPI licenses solidifies Singapore’s reputation as a global blockchain leader. “With its clear regulations and support for innovation, Singapore attracts top companies and talent, fostering a thriving ecosystem. $BTC #Binance250Million #BinanceAlphaAlert

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Bitcoin (BTC) has steadied itself above $95,000 after suffering a year-end rout that drove the cryptocurrency to a low of $91,479 on December 30, before recovering to reclaim $95,000 and move to its current level of $95,413. BTC is up just over 2% over the past 24 hours. BTC was not the only asset that registered a substantial drop at the end of 2024, with Ethereum (ETH), Solana (SOL), and others also registering substantial losses. SOL dropped to a low of $187 before recovering to reclaim $200, surging as the new year began. Meanwhile, Ethereum (ETH) recovered from a low of $3,311 to register an increase of just over 2% and move to its current level of $3,403. Ripple (XRP) is up over 11%, beginning the new year positively, while Dogecoin (DOGE) is up almost 5%, as markets start 2025 on the front foot. The crypto market cap is nearly 3% at $3.36 trillion $XRP #BinanceAlphaAlert #Binance250Million

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$3.36 trillion. $BTC #Binance250Million A Golden Era Under Trump? Donald Trump’s victory in the US elections marks a turning point for the crypto ecosystem, bringing it into the mainstream. The industry firmly believes Trump’s victory and involvement in the crypto space through the World Liberty Financial platform will usher in a golden era. The President-elect has promised to create a strategic Bitcoin stockpile, effectively turning it into a reserve asset. He has appointed Paul Atkins, a pro-crypto businessman to head the Securities and Exchange Commission (SEC) once Gary Gensler steps down. Bitcoin (BTC) broke above the $100,000 mark for the first time in its history a month after Donald Trump’s victory. The revival in crypto is in stark contrast to the scenario witnessed only a couple of years ago when the FTX collapse triggered a crisis in the crypto space and sent the price of BTC and other assets plummeting, prompting many to scale back their involvement with crypto. A crypto-friendly administration could encourage more inflows into the crypto space and provide greater regulatory clarity.

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