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.

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.

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.

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.

EigenLayer has enhanced two major integrations, with Mantle Network and ZKsync adopting EigenDA for data availability and ZKsync also incorporating EigenLayer's Autonomous Verifiable Services (AVSs) for decentralized zero-knowledge (zk) proving. These partnerships expand EigenLayer's role in Ethereum's modular security landscape, reinforcing its position as the leading restaking protocol.

The ZKsync Ignite program will be discontinued after its first season, with the DeFi Steering Committee (DSC) announcing that rewards will cease on March 17, 2025. The decision is driven by a strategic shift towards focusing resources on the Elastic Network, which is seen as essential for the long-term vision of ZKsync.

The company behind ZKsync DAO prematurely ended its Ignite rewards program effective March 17, citing bearish market conditions.

TL;DR ZKsync DAO ends the Ignite program ahead of schedule, avoiding the second season of rewards for DeFi projects due to market conditions and a more conservative strategic approach. The decision aligns with the priority of developing the Elastic Network, a multichain ecosystem within ZKsync that aims to enhance interoperability and efficiency in decentralized finance.

ZKsync has announced the cancellation of the second season of Ignite and remains committed to its Elastic Network vision.

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.

The blockchain has lost around 50% of total value locked since Jan. 30.

ZKsync's DeFi Steering Committee (DSC) said it will not renew ZKsync Ignite, its liquidity reward program, as the project shifts its focus to broader network expansion.The DSC confirmed that Ignite's second season will not proceed and that the program will be discontinued on March 17. This also cancels the reward allocation for period 6, the final phase of the program's first season.

ZKSync will not launch Season 2 of its Ignite program, which aimed to boost available liquidity for DeFi. ZKSync will now focus on the Elastic Network and improve the ZK tokenomics to offset the bearish market conditions.

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.

The committee said that prioritizing technology development for native interoperability across ZKSync's Elastic Network is crucial.

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.

Animoca's digital asset advisory business comprised $165 million out of the $314 million bookings the firm logged in the fiscal year.

The top NFT collections are all green in the last 24 hours.

The NFT market has fallen alongside a broader crypto selloff, with Bitcoin tumbling to $85,000 and Ethereum dropping to $2,200. According to CryptoSlam data, NFT markets saw total sales volume fall to $107.1 million, marking a 28.

The Pudgy Penguins NFT project will debut an animated Youtube series titled “Lil Pudgys” in Spring 2025, produced in collaboration with digital content studio Thesoul Publishing. Pudgy Penguins NFT Project Launches Animated Youtube Series The series, announced Tuesday, follows four penguin characters—Atlas, Eureka, Snofia and Springer—living in UnderBerg, a fictional iceberg world.

Bybit has announced the launch of its largest airdrop campaign to date, distributing 45 million Bybit Web3 Points to engage its community of over 3 million players.

The NFT market has rebounded despite crypto price weakness, with Bitcoin dipping to $96,000 and Ethereum unable to break past $2,700, hovering around $2,600. As per the latest CoinMarketCap, the global crypto market cap has dropped to $3.

Antoine Mingo, the original artist for Pudgy Penguins, has founded his own NFT collection on Berachain—this time with creative freedom.

Matter Labs Co-Founder and CEO Alex Gluchowski explains why he sees ZK as the "end game" for blockchain tech.

What if the next meme coin explosion is happening right now? Investors are constantly hunting for the next viral crypto that could yield astronomical gains.

The NFT market continues its downward trend even as crypto prices stabilize.

Pudgy Penguins token is showing signs of bottoming out after crashing nearly 90% from its all-time high. Pudgy Penguins (PENGU) price rose to $0.011 on Friday, up by almost 20% from its all-time low.

Trading for these Solana-based tokens is set to begin on or after 9 AMPT on February 13, 2025, provided liquidity conditions are met. These new additions continue Coinbase's push to expand its offerings, especially within the growing Solana ecosystem.

Matter Labs CEO Alex Gluchowski said interoperability across the Elastic Network could add a new dimension to this potential value accrual.