Pudgy Penguins ($PENGU) has grown 12% to $0.0368 , becoming Solana’s most valuable token with over 567,000 holders. However, after forming a double-top pattern, traders are watching to see if this meme coin can hold its ground or face a deeper pullback. Source: CoinMarketCap Pudgy Penguins ($PENGU) Soars From Memecoin to Solana Giant The recent listing of $PENGU on Robinhood’s Advanced trading platform has improved the token’s accessibility for investors. Following the listing, the token initially dipped but quickly recovered, rising by 5%. This increased visibility also contributed to a 52% rise in the floor price of Robinhood Legend Pudgy Penguins NFTs over the past month. $PENGU is now live and tradable on the @RobinHoodApp advanced trading platform, Robinhood Legend pic.twitter.com/Z6yr2t2kgT — Pudgy Penguins (@pudgypenguins) August 5, 2025 Large-scale investors also acquired 14 billion PENGU tokens during this period, while the deployer wallet moved 1.5 billion tokens , representing 2.3% of the circulating supply. At the same time, insiders sold $5.6 million worth of tokens . Despite these transactions, the accumulation by whales during price declines indicates strategic positioning and long-term confidence in the project’s underlying value. Beyond trading, Pudgy Penguins is strategically expanding its Web3 footprint and venturing into new territories. The launch of “Pengu Clash” on The Open Network and the introduction of “Pudgy Records,” a music label, seek to broaden the brand’s appeal and reach entirely new audiences within the digital sector. Additionally, the brand is entering Asia’s $30 billion merchandise market through a partnership with Suplay Inc., a Disney and Marvel licensee, with trading cards and blind boxes expected in late 2025. Further broadening its appeal and brand value, the upcoming August 2025 release of “Pudgy Party,” a mobile battle-royale game developed in partnership with Mythical Games, is designed to attract casual gamers, potentially onboarding a new wave of users into the PENGU ecosystem. PENGU’s ecosystem has also benefited from high-profile partnerships. Collaborations with NASCAR and Lufthansa have expanded its mainstream footprint. The Lil Pudgys’ animated YouTube series, launched with TheSoul Publishing, adds yet another layer of media presence designed to onboard a new generation of fans as $PENGU holders. $PENGU Stalls After Double Top Breakdown, But Buyers Attempt a Comeback $PENGU has formed a double top pattern on the 4H timeframe. The popular meme token price pattern was created after two prominent peaks around the $0.048–$0.050 level before the token fell, confirming the bearish structure with a neckline break near $0.035. After the breakdown, $PENGU dipped to $0.032 briefly before finding some footing and consolidating. The measured move target from the pattern points toward the $0.024 zone, which is still some distance away if sellers return in force. $PENGU/USDT price chart, August 7 (Source: TradingView) Nonetheless, $PENGU/$USDT is currently trying to recover, trading near $0.0368 and sitting just at the 20-period simple moving average (SMA), with the 50- and 100-period SMAs following below. The fact that price is reclaiming short-term moving averages is a small win for bulls, but not enough to invalidate the broader bearish pattern. Looking at volume, things have cooled. When compared to the increase in activity during the breakdown, the recent uptick lacks strong conviction. This is expected when patterns like this are activated; volume dries up as traders wait for confirmation either way. Until strong volume returns, $PENGU may stay stuck in this lower range. The MACD reflects the indecision as well. The MACD line is just barely crossing over the signal line, while histogram bars flip to green—early signs of bullish momentum, but nothing really convincing yet. If the asset doesn’t find a way to progress above $0.038–$0.039 with increased volume, it could be looking at a steep dip all the way to $0.024. The post Pudgy Penguins ($PENGU): Can Solana’s Top Token Maintain Momentum Above $0.037? appeared first on Cryptonews .
If history repeats itself, $SOL could be on the verge of exceeding $255, according to technical analyst Mary Emerald. Suppose that happens, not only would it mean $SOL has more than doubled in price, but it’d likely boost user activity across the entire Solana ecosystem. One standout project poised to benefit is Snorter Token (SNORT) – the linchpin of a cutting-edge Telegram trading bot set to launch on Solana this quarter. $SOL to 2x If It Stays Above the $161 Mark In a recent community post on CoinMarketCap , Emerald pointed to a bullish $SOL signal – Golden Cross – and suggested that if its price stays above $161, it has what it takes to possibly rise to $255.93. Considering that $SOL is currently valued at $171 , up by over 12% over the past month, this would mark over a 50% gain compared to its current price. And she’s not the only crypto analyst who has high hopes for $SOL’s future trajectory. In a recent tweet , Ali Martinez indicated that if $SOL breaks above $177–$189, it would signal a trend reversal and create room for further price appreciation. As long as these key levels hold, Solana’s market outlook is primed to stay bullish. $243M Flowed Into Solana Just This Week On-chain activity and ecosystem growth also reinforce $SOL’s position in the industry. This past week, over $243M has been bridged to Solana from other blockchains. The majority came from Ethereum ($121M), followed by Base (54.6M) and Arbitrum ($39.7M). As more users move capital from other major chains to take advantage of Solana’s DeFi and infrastructure offerings (like fast speeds and low fees), it highlights rising confidence in the blockchain network. Derivatives data further supports Solana’s bullish trend. In the past 24 hours, $SOL’s trading volume has spiked 7.36% to $18.43B , and open interest rose to $9.43B. During the same period, long/short ratios on Binance and OKX show over twice as many long positions compared to shorts, while liquidations topped $5M. Together, these metrics signal strong trader confidence in $SOL’s continued price growth and Solana’s role as a leading blockchain for cross-chain activity and DeFi. As capital continues flowing into the network and user activity spikes, conditions are ideal for $SNORT’s upcoming Telegram trading bot launch. Snorter Bot Promises the Lowest Bot Fees on Solana Snorter Bot is set to initially launch on Solana this quarter, before expanding to Ethereum, BNB Chain, Polygon, and Base. This multi-chain rollout means you’ll be able to trade the best new cryptocurrency projects across major networks through a single interface. Snorter Bot likely targets Solana first to tap into the chain’s deep liquidity and boost your trading edge. In fact, as part of its ploy to outpace other bots, it promises the lowest fees (0.85%) and fastest execution on Solana, outpacing other bots, like Maestro and Trojan. As soon as it launches, it’ll also grant you access to its cutting-edge features, like copy trading, automated sniping, and limit orders. Security is another top priority. The bot is being built with MEV protection, plus scam detection tools like honeypot and rug pull filters, to prevent you from falling victim to common crypto traps. Given that rug pulls alone made up 68% of all crypto-related scams in Q1 2025, these protections are vital. For the full Snorter experience, you’ll want to scoop up some $SNORT. Its presale has already raised over $2.8M, partly owing to the token removing sniping limits and granting voting rights in the project’s upcoming DAO – not to mention the 152% staking rewards. Buy $SNORT Now for Possible 218%+ Returns Solana is heating up, and crypto analysts, charts, and on-chain data proves it.For Snorter Bot, deciding to first launch on the Solana network might have been one of its wisest decisions to date. Its fast speeds, low fees, and thriving user base all point to it being the perfect place to get started. With $SNORT powering it all, there’s no better time to buy the token on presale for $0.1005 – especially when considering that it’s anticipated to reach $0.32 , following the bot’s mainnet launch. This means that, if you join now, you’ll open yourself up to gains possibly exceeding 218%. But only time will tell. For this reason, always do your own research and never invest more than you’re willing to lose.
Bank of America’s economists are predicting that the Fed will not cut rates this year, according to the lender’s CEO Brian Moynihan. In a new CNBC interview, Moynihan says that the bank’s economists believe inflation pressures will cause the Fed to hold off cutting rates until 2026 as the economy remains healthy. “Our economists believe there’ll be no recession. They believe the economy in the US will grow about 1%-1.5% this year. They believe that the Fed will not cut rates because inflation will take longer to get down during ’25. They’ll cut them in ’26. They’ve been on that for a long time. And even when the tariffs came in, they said all that caused economic less economic growth this year than they otherwise scheduled, but still no recession.” He also says that the Fed will likely not be in a rush to cut rates this year because economic indicators remain strong with consumer spending up, unemployment low and credit capacity high. “For the month of July 2025 versus the month of July 2024 our consumers pushed 5% more plus in the economy from their accounts… Credit quality of our customer base is very strong, and in the industry is very strong… Lines of credit usage for consumers, for the home equity loans, are still down 30% from where they were pre-pandemic, and house prices have gone up. So the capacity is there… The unemployment rate in the US at 4.2% plus or minus is full employment. And what our economists actually say is the supply of labor is going to be a constraint on job growth, not the demand for labor.” Meanwhile, the CME FedWatch Tool, which generates probabilities using the 30-day Fed Funds futures prices, estimates at time of writing that there’s a 91.2% chance the Fed will cut the federal target rate by 25 basis points at the Federal Open Market Committee (FOMC) meeting in September. The rate cut probability soared after the recent labor report indicated total non-farm payroll employment increased by 73,000 jobs in July, less than the Dow Jones estimate of 100,000. Follow us on X , Facebook and Telegram Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Bank of America Economists Rule Out Rate Cut in 2025, According to the Trillion-Dollar Lender’s CEO Brian Moynihan – Here’s Why appeared first on The Daily Hodl .
The crypto market rebounded on Thursday, with Ripple-promoted XRP cryptocurrency jumping from $2.91 to as high as $3.04.
Tether, the company behind the world’s largest stablecoin USDT, has made a new investment in Bit2Me, acquiring a minority stake in the Spanish crypto platform. As part of the deal, Tether is also leading a €30 million ($34 million) funding round to support Bit2Me’s expansion across Europe and Latin America. Tether Acquires Minority Stake in Bit2Me and Leads €30 Million Funding Round. Read more: https://t.co/2Botln3Wsm — Tether (@Tether_to) August 7, 2025 The funding round is expected to close in the coming weeks and marks a significant partnership between one of the most prominent stablecoin issuers and one of Europe’s most regulated crypto exchanges. Regulatory Milestone Under MiCA Bit2Me recently became the first Spanish-speaking crypto exchange to gain regulatory approval under the European Union’s new Markets in Crypto-Assets (MiCA) framework. With this designation, Bit2Me is now a registered Crypto-Asset Service Provider (CASP) with Spain’s securities market regulator, the CNMV. This status allows the exchange to legally operate across all 27 EU member states — a key advantage as MiCA begins reshaping how digital asset firms can serve users across Europe. Tether’s CEO, Paolo Ardoino, said the company was impressed by Bit2Me’s commitment to regulatory compliance, user education, and transparent practices. “Their focus aligns with our mission to create a more open and accessible financial system,” Ardoino said. Expansion Into Latin America Beyond Europe, Bit2Me has also set its sights on Latin America — particularly Argentina, where inflation and currency instability have made crypto a popular alternative. With Tether’s backing, Bit2Me said it aims to expand its infrastructure, grow its user base, and introduce new services tailored to regional needs. Bit2Me currently serves over 1.2 million users and 7,000 businesses, with transaction volume surpassing €3 billion so far in 2025. Its leaders say Tether’s involvement will fast-track growth across multiple fronts. According to Bit2Me co-founders Andrei Manuel and Pablo Casadío, joining forces with Tether represents a “transformational moment” that will help with their ability to scale products and services. Tether Invests in Blockchain Analytics Firm Crystal Intelligence In July, Tether made a new investment in Crystal Intelligence, a blockchain analytics firm. In a blog post, Tether shares its growing focus on improving transparency and combating illicit use of stablecoins across blockchain networks. Crystal Intelligence, originally launched by blockchain software firm Bitfury, provides data-driven tools for analyzing blockchain transactions. The firm is used by law enforcement, regulators, and financial institutions to detect and investigate suspicious crypto activity. With this investment, Tether said it aims to deepen its collaboration with Crystal and further integrate advanced analytics into its compliance and monitoring systems. The post Tether Takes Minority Stake in Bit2Me, Leads $34M Investment Round appeared first on Cryptonews .
Spot Bitcoin exchange-traded funds (ETFs) in the U.S. returned to inflows on Wednesday as the funds’ four-day streak came to an end. The inflows came as the cryptocurrency market started showing signs of recovery. Bitcoin, the world’s oldest and largest cryptocurrency by market cap, is now trading around $116,436 after rising 2.1% in the last
Key Highlights Chainlink launches a $1 million LINK Reserve to secure its ecosystem’s future. Revenue from services is…
Summary Solana's recent underperformance may reverse if the Seeker phone succeeds, as it could drive real-world adoption and utility for SOL. The Seeker phone integrates Solana's tech stack, offering native dApps, wallet security, and a token ecosystem, potentially boosting SOL demand. Market research projects strong growth for blockchain smartphones, supporting Solana's mobile-first strategy if Seeker gains traction and developer support. Seeker is a long-term bet; without sticky dApps and user adoption, SOL's price will remain tied to broader crypto sentiment rather than hardware launches. SOL has struggled to close above $170 all month, but a clean break with volume could signal the start of a stronger bullish trend. Solana ( SOL-USD ) has been an underperformer compared to Bitcoin ( BTC-USD ) and several major altcoins, including Ethereum ( ETH-USD ) and Ripple ( XRP-USD ), on a year-to-date basis. SOL has underperformed in 2025 (Seeking Alpha) There has been selling pressure lately and SOL has been finding resistance around $170, closing below $170 for several days in the past week. In the last week, intraday upper wicks above $170 have not held due to low volume, resulting in failure to close strong on a daily basis. SOL has not seen a daily close above the $170 level since August began, despite multiple intraday pushes. A close above $170 could be the early stages of a breakout. Still, confirmation of that breakout would require follow-through above the $170 zone, backed by strong volume, to really validate bullish momentum. As of writing (August 7), SOL is trading around $172, the focus now shifts to whether this move holds and expands with volume. While a clean breakout is now taking shape, the more important signal is that fundamentals for SOL are strengthening at this point, with the latest boost being the launch of Solana’s long-teased Seeker phone (launched together with the Seeker crypto token, SKR). In this piece, I'll share my view on what Solana’s device launch means for the Solana ecosystem, and how it likely strengthens SOL’s fundamentals and utility moving forward. Solana Is Stacking Important Tech Bricks The launch of Solana’s Seeker phone hasn't been treated as an immediate catalyst in itself, and unsurprisingly, market reaction has been muted to the announcement. But where I believe the opportunity lies is the utility and native demand this Solana-integrated phone gives SOL. This is not the first attempt at a crypto-native phone ( HTC launched the Exodus blockchain phone back in 2018, but struggled to find traction beyond niche crypto circles. Sirin Labs also launched the Finney phone which failed to achieve meaningful adoption due to high cost and poor user experience at the time). And this is not even the first attempt by Solana Mobile at a Web3 smartphone. Solana launched the Saga phone in 2022 but saw weak demand due to high pricing and limited perceived value at launch. But the launch of the Seeker phone is the first time a Layer 1 protocol is shipping consumer hardware with integrated decentralized applications (dApps), native wallet security, and an ecosystem token economy built in. This creates a real use case for mobile-first DeFi, NFTs, and on-chain identity - which all tie directly to the demand for SOL. Now, SOL isn't the main token in the Solana Seeker device ecosystem - SKR is. The SKR token is used to reward users for using apps, encourage developers to build mobile-first dApps, and push adoption of Solana’s mobile ecosystem. It acts like a built-in rewards system for the phone. While Solana is using SKR to drive growth for the Seeker phone, SOL still underpins the entire network. All core transactions, staking, DeFi, NFT minting, and any on-chain activity on Solana still require SOL. Users might earn SKR for using certain decentralized apps, but users will still need SOL to do anything on-chain. If the phone brings more people into the ecosystem, that demand eventually flows back to SOL. The Seeker phone may be powered by SKR at the surface, but SOL remains the settlement layer and the store of value across the ecosystem. I believe the Seeker phone shouldn't be seen as a standalone product or a mere attempt at marketing a gadget. I believe it is a distribution point for Solana’s broader tech stack built over the years. If it gains traction, core infrastructure like Solana Pay, native wallets, on-chain messaging, and mobile-first dApps all get more usage. This way, utility, adoption, and ultimately, SOL demand all get a meaningful and lasting boost. Market Research Future The prospect of Solana making a real push at blockchain hardware isn’t just a wild card bet. There are some research data that back a potential market opportunity here. Research firm Market Research Future puts the projected growth in the blockchain smartphone market at an impressive 33% CAGR between 2025 and 2034, to be driven by growing crypto adoption, demand for digital ownership, broader blockchain integration into consumer tech, and rising interest in on-chain identity and payments. The market is projected to grow from $8.94 billion, at the current market valuation, to $118 billion in the next decade. The first attempts by HTC and Sirin Labs were short-lived because those lacked a strong ecosystem and full-scale developer support. Even SOL’s Saga launch was niche and poorly timed, compared to the current broader push. As Seeker gains traction, usage across Solana's entire mobile infrastructure rises. A service like Solana Pay , for example, will see more real-world transactions and merchant adoption as a mobile-native on-chain payment layer that ties into mobile use cases. More importantly, just like early mobile apps helped drive usage and demand for Android and iOS in the early days, sticky dApps on Solana could become the real engine behind Seeker adoption and SOL demand. Solana has laid the groundwork with the Solana Mobile Stack [SMS] too (its mobile development stack for building Solana Mobile dApps), launched about two years ago, offering the tools needed to encourage developer activity and dApp development. This is much like how Alphabet Inc. ( GOOG ) (then Google) launched the Android Software Development Kit [SDK] back in 2007, the early days of Android. The SMS strengthens the Solana network as a mobile-first platform for Web3 developers, and gives Seeker a real chance at ecosystem pull-through. Risks With all the upside drivers highlighted so far, the Seeker device traction is far from guaranteed. Previous attempts, including Solana’s own Saga, failed to gain traction due to pricing and lack of killer apps at the time. If Seeker sees weak sales, this mobile-first thesis loses weight. And with meme coin hype fading as Solana has come to be known as the meme coin playground, SOL will be left to ride mainly on the strength of the broader market momentum. Takeaway Seeker is a long-term bet on Solana's mobile-first future. If it works, it boosts real-world adoption across Solana’s tech stack and reinforces SOL’s role as the network’s base layer. But the market will need more than hardware launches - it will need sticky dApps, active users, and real use cases. Until then, SOL price will still largely follow sentiment and broader crypto flows.
Nasdaq-listed health technology company Cosmos Health announced the launch of a new Ethereum treasury strategy, securing up to $300 million in financing to bolster its digital asset reserves with Ethereum. Nasdaq Company Cosmos Health Secures $300 Million in Funding for Ethereum Treasury Strategy The company secured the funding through a securities purchase agreement with an unnamed U.S.-based institutional investor. The financing includes the issuance of senior secured convertible notes. Cosmos Health stated that its Ethereum reserve strategy will support its digital transformation and e-commerce initiatives. It will also serve the company's plans to explore the use of blockchain technology in areas such as supply chain traceability, healthcare incentive programs, and global customer engagement. Under the terms of the agreement, the company will be required to use at least 72.5% of the net proceeds from each financing round to build a treasury of digital assets, with the remainder directed towards working capital and growth initiatives. The collected ETH will be stored and staked through BitGo's institutional custody and staking infrastructure. Cosmos also plans to develop additional strategies to generate returns on its ETH holdings and optimize cash flow. After the increased institutional interest in Bitcoin treasuries in the first half of 2025, many companies have recently begun to announce their Ethereum treasuries strategies. Geoffrey Kendrick, Head of Digital Asset Research at Standard Chartered, stated that companies holding Ethereum treasury are “highly investable” and are currently more attractive than US spot Ethereum ETFs. According to Kendrick, Ethereum treasury companies have stronger return potential than Bitcoin treasury companies thanks to their access to DeFi leverage systems and staking rewards. Currently, the largest institutional Ethereum holder is SharpLink Gaming with 360,810 ETH, followed by Bitmine with 300,660 ETH. *This is not investment advice. Continue Reading: Healthcare Technology Company Cosmos Health Announces Launch of Ethereum Treasury Strategy! Here's Its Budget
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