Sonic Labs has suddenly dropped its plan to launch a USD-backed algorithmic stablecoin, shifting its focus to a UAE dirham-backed alternative. The decision comes as stablecoin regulations tighten in the US, thus, the company is shifting its focus to the United Arab Emirates (UAE) dirham.

Barely a week after hinting at launching an algorithmic USD stablecoin, Sonic Labs is shuttering its plans. Sonic Labs co-founder Andre Cronje revealed that incoming stablecoin regulation in the US contributes to the change of stance.

Pudgy Penguins token has suffered a harsh reversal this week as demand for its non-fungible tokens dried up. The Pudgy Penguins (PENGU) token retreated to a low of $0.0064, its lowest level since March 24, and 13.

Sonic's recent network upgrade and strong market sentiment could lead to a potential rally despite recent losses.

A popular crypto strategist is leaning bullish on one Ethereum (ETH) rival, suggesting the altcoin has reached a market bottom. Pseudonymous trader Altcoin Sherpa tells his 242,800 followers on the social media platform X that Sonic (S) may be on the verge of breaking out after bouncing off of the 25-day Exponential Moving Average (EMA).

TL;DR Innovative Partnership: Animoca Brands teams up with Sony's Soneium to merge anime culture with cutting-edge Web3 technology. Digital Identity Revolution: The collaboration introduces Anime ID on the Moca Network, unifying fans' online experiences through a decentralized, cross-platform system in the “San FranTokyo” quasi-metaverse.

Sales of non-fungible tokens (NFTs) dropped sharply in the first quarter of 2025, plunging 63% year-over-year. Still, a few standout collections defied the downturn and posted gains.NFTs recorded $1.5 billion in total sales from January to March 2025, down from $4.1 billion during the same period in 2024, according to data from aggregator CryptoSlam.

Dogecoin's price is showing signs of a potential big jump, according to recent market analysis. The cryptocurrency, known for its Shiba Inu dog mascot, saw a 14% increase in its value over the past week.

Animoca Brands collaborates with Soneium to develop Anime ID, a new DID and reputation layer. Anime ID will be spearheaded by Anime Foundation contributor San FranTokyo.

Bitcoin price has failed to break the crucial resistance point at $90,000 this week. It has formed numerous risky patterns, pointing to a potential crash potentially below $80,000.

Animoca Brands has partnered with Sony's Ethereum L2 Soneium: Moca Network will create a premier identity layer on Soneium, starting with Anime ID, a decentralized identifier and reputation layer. The post Animoca Brands, Soneium, and San FranTokyo Partner on Web3, Anime, and Identity appeared first on Cryptonews.

Sony's Soneium blockchain partnered with Animoca Brands to boost anime culture in Web3 by integrating anime artwork in decentralized digital identities. On March 27, the companies announced a collaboration that targets global anime and manga fans to boost user engagement in Web3.

Inspired by the Ghibli Anime AI trend, Solana-based meme coins, including Ghiblification (GHIBLI), have gained significant traction, hitting $20.8 million market cap.

Dogecoin price has been showing major strength recently with more than 14% gains on the weekly chart and eyeing a potential breakout above $0.21, after which it can kickstart rally to $2 for another 10x gains. Furthermore, Elon Musk has once again teased DOGE, sharing a Ghibli Anime character of his from a famour scene

Crypto payment gateway Alchemy Pay is teaming up with Sonic Labs to enable fiat on-ramps for Sonic's native token S. Alchemy Pay (ACH) and Sonic Labs announced their strategic partnership via a press release published on Wednesday, March 26. In the announcement, the companies said they were joining forces to support S token's global adoption.

Last Thursday, US-based asset manager Canary Capital filed an application with the Securities and Exchange Commission (SEC) for the Canary PENGU exchange-traded fund (ETF), a fund designed to hold both Pudgy Penguins NFTs and the PENGU token. However, the crypto community is asking if listing ETFs from NFT projects is feasible.

With March coming to an end, the crypto market is closing Q1 2025 on a bearish note. However, the altcoins are turning around, aided by the slow recovery across the market, which could help start Q2 and April off on a good note.

Yearn Finance founder Andre Cronje teased an algorithmic stablecoin product, much to the chagrin of some users due to UST's 2022 collapse.

One of the most performing Anime series on Netflix lands on the world's largest NFT marketplace, OpenSea, directly on Sony's Soneium blockchain. The first NFT collection of The Seven Deadly Sins was launched by YOAKE Protocol, an on-chain entertainment hub par excellence of Japanese pop culture. One of the most successful anime series on Netflix, which has sold over 55 million copies worldwide, is launched on OpenSea . This is the launch of the new NFT collection The Seven Deadly Sins, minted on Soneium, Sony's blockchain.

YOAKE and OpenSea will be launching an NFT collection based on the hit anime series ‘The Seven Deadly Sins,' available on the Soneium blockchain for fans and collectors. According to a press release sent to crypto.

Sonic's on-chain activity and its DeFi ecosystem have seen unprecedented growth since the upgrade.

Made in USA cryptos are back in focus as several key tokens show fresh activity heading into the last week of March. Among them are PENGU, AVAX, Pi Network (PI), Official Trump (TRUMP), and RENDER, each drawing attention for different reasons.

Discover how the PENGU ETF is breaking new ground by bringing on-chain NFTs into traditional finance for the first time.

The crypto asset manager Canary Capital has filed an S-1 registration statement with the U.S. Securities and Exchange Commission (SEC) for a new non-fungible token-focused exchange-traded fund (ETF). If approved, the “Canary PENGU ETF” will offer investors exposure to the Pudgy Penguins NFT project.

Hours after Canary Capital filed for a PENGU ETF on March 20, the token's price dropped by 10% to $0.0062, with critics pointing to weak retail demand.

Canary Capital has taken a particular interest in a certain memecoin.

Canary Capital has become the first asset manager to file for an exchange-traded fund that holds both cryptocurrency and non-fungible tokens.

Canary Capital has officially submitted an Exchange-Traded Fund (ETF) application to the U.S. Securities and Exchange Commission (SEC) for PENGU, the governance token of Pudgy Penguins, a popular NFT project. The filing, made on March 20, 2025, proposes an ETF that would hold both Spot PENGU tokens and Pudgy Penguins NFTs, marking a potential first in the U.S. financial market.

Canary Capital has submitted a registration filing to the United States Securities and Exchange Commission (SEC) for the launch of the first-ever Pengu exchange-traded fund (ETF). This move adds to the growing list of crypto asset managers seeking regulatory approval for digital asset-based ETFs.

Asset manager Canary Capital has filed with the United States Securities and Exchange Commission (SEC) for an exchange-traded fund tracking PENGU, the governance token for the Pudgy Penguin.

Canary Capital files SEC application for first U.S. ETF combining $PENGU token and Pudgy Penguins NFTs, aiming to bridge crypto and collectibles markets amid regulatory scrutiny. The post Canary Files S-1 for $PENGU and Pudgy Penguins NFT ETF appeared first on Cryptonews.

Asset management company Canary Capital has officially filed an Exchange-Traded Fund (ETF) application with the Securities and Exchange Commission (SEC) for PENGU, the governance token of Pudgy Penguins, a popular Non-Fungible Token (NFT) project.

Crypto asset manager Canary Capital has filed for SEC approval to launch an ETF containing both Pudgy Penguins NFTs and the PENGU token.

Canary Capital has filed an S-1 form with the Securities and Exchange Commission (SEC) to launch a crypto exchange-traded fund (ETF) that provides exposure to the PENGU token and the Pudgy Penguins non-fungible token (NFT) collection. This marks the first crypto-related ETF offering connected to an NFT collection.

Asset manager Canary Capital has filed to list an exchange-traded fund (ETF) holding Pengu (PENGU), the governance token of the Pudgy Penguins non-fungible token (NFT) project, US regulatory filings show. The ETF is the latest in a slew of filings for new US investment products tied to spot cryptocurrencies, including altcoins and memecoins.

Pudgy Penguins token has surged after Canary officially filed a PENGU ETF with the SEC. The news has fueled bullish sentiment, helping the token rebound and break through key technical levels.

Canary Capital has filed for what would be the first ETF of its kind — a Pengu ETF — as firms forge on to see what might stick with the SEC.

Sonic's S has emerged as the market's top performer in the past 24 hours, surging by 6% as bullish momentum builds.

Sonic could rally nearly 30% from its current price, driven by the launch of its virtual payments card and its expansion in DeFi through new partnerships.

Key Highlights Meme coins – POPCAT, PNUT, and PENGU gained momentum after Robinhood announced their listing, driving investor interest despite broader market weakness. POPCAT surged 13.67% and is eyeing a breakout above $0.248, while PNUT saw an 8.50% rise, with holders and open interest surge.

PENGU, the Pudgy Penguins crypto has soared more than 10% after it was listed on Robinhood trading services. According to data from crypto.news, PENGU (PENGU) has gone up as high as $0.

Meme coins have struggled to regain momentum despite the recent listing of PENGU and PNUT on Robinhood. While these tokens were expected to surge, their price action has remained subdued, reflecting broader skepticism in the market, especially around meme coins.

Robinhood has listed memecoins Pengu (PENGU), Pnut (PNUT) and Popcat (POPCAT) as the online brokerage doubles down on cryptocurrency trading, it said on March 13. The listings mark Robinhood's latest effort to expand its crypto offerings and compete with incumbent exchange Coinbase.

Robinhood has expanded its meme token offerings by adding POPCAT, PENGU, and PNUT to its trading platform. The announcement follows previous listings of meme coins such as PEPE, BONK, WIF, and SHIB.

Robinhood confirmed the addition of Pudgy Penguins (PENGU), POPCAT, and Peanut the Squirrel (PNUT) to its trading app.

The $4 million OI increase and uptick in spot demand could see Sonic make a short-term price bounce toward $0.5.

XRP price has pulled back in the past few days, and is at risk of further downside after forming a head and shoulders pattern on the daily chart. Ripple was trading at $2.3515 on Saturday, down by over 30% from its highest level this year.

Sonic's near term price action could get worse and worse.