Breaking News
Crypto Markets Rally as Cboe Files for PENGU ETF; Fannie Mae and Freddie Mac to Consider Cryptoassets for Mortgage Approvals
Global crypto markets posted gains alongside traditional equities following geopolitical easing, while regulatory developments in the U.S. signal increasing mainstream adoption of digital assets. Crypto markets surged following news that Cboe has filed for the Pengu ETF, signaling potential expansion of crypto investment products.
Market Performance
Bitcoin surged 2.3% late last Monday following reports of a ceasefire agreement between Israel and Iran, building on earlier gains of 5.6% from a daily low of $98,250. Altcoins followed suit, with some registering double-digit increases.
Simon Peters, Crypto Market Analyst at eToro, commented: “The de-escalation has brought relief to global markets. With reduced uncertainty, there’s potential for further upside. However, any breach of the ceasefire terms could reverse recent gains.”
Spotlight: PENGU ETF Filing
Cboe BZX Exchange has submitted a 19b-4 filing with the U.S. Securities and Exchange Commission (SEC) seeking approval to list and trade shares of the proposed Canary PENGU ETF. This follows Canary Capital’s S-1 registration submission in March 2025. Approval of both filings is required to launch the ETF.
The proposed ETF will allocate 80–95% of its portfolio to the PENGU cryptoasset, with 5–15% exposure to Pudgy Penguin NFTs, and small allocations to Solana and Ethereum for gas fees.
The Cboe Pengu ETF filing and growing institutional crypto acceptance may represent a tipping point in how digital assets are integrated into everyday finance. Following a bottom in April, PENGU has surged 280%, currently trading at $0.015, up 370% from its all-time low since its December 17, 2024, token launch. PENGU remains a top performer in recent market activity and is considered a key asset to watch pending SEC decisions.
People In This Post
Companies In This Post
- OneBill Launches RevAssure360: AI-Powered Revenue Assurance Platform to Detect, Prevent, and Predict Revenue Leakage Read more
- Stripe and Visa to Power Fold’s New Bitcoin Rewards Credit Card Read more
- Revolut Pledges £3bn Investment and 1,000 UK Jobs at London Global HQ Opening Read more
- GoCardless Picks Leeds For New ‘Northern Hub’ Office Read more
- Alloy Empowers Global Banks, Fintechs, and Payments Companies to Automate Perpetual KYC Read more
Stripe and Visa to Power Fold’s New Bitcoin Rewards Credit Card
Fold Holdings, Inc. (NASDAQ: FLD) (“Fold” or the “Company”), a bitcoin financial services company making it easy for individuals and businesses to earn, save, and spend bitcoin through everyday financial tools, today announced it has selected Stripe, the programmable financial services company, to power the upcoming launch of the Fold Bitcoin Credit Card™, a bitcoin-only rewards product designed to turn everyday spending into a direct path to bitcoin ownership. The card enables users to accumulate bitcoin with every purchase, offering a simple and consistent way to build long-term wealth.
CfC St. Moritz Partners with Sygnum Bank to Establish Bitcoin Reserve
The CfC St. Moritz, a highly curated digital assets conference for investors and decision-makers, has partnered with Sygnum Bank to establish a Bitcoin reserve as part of its long-term treasury strategy. This move reflects the conference’s ongoing belief in Bitcoin’s role as a foundational digital asset and its commitment to building a sustainable future for the event and its global community.
EBANX Announcements at Payments Summit: AI, Stablecoin, and Payout Solutions for Global Companies in Emerging Markets, Plus Philippines Expansion
EBANX, a global technology company specialising in cross-border payment services for emerging markets, has unveiled a new generation of products designed to strengthen global companies' operations across Latin America, Africa, India, and Southeast Asia.
Toku and Kota Launch Strategic Integration to Bring Streamlined Benefit Access Into Growing Stablecoin Compensation Platform
Toku, the global leader in stablecoin payroll, today announced the first employee benefits integration into its stablecoin payroll platform through a partnership with Kota. With this integration, Toku’s platform now delivers Kota-powered health and employee benefits alongside payroll, giving HR teams a seamless, broker-free experience.
Bitget Wallet Brings Crypto Payments to PIX, Brazil’s $4.6 Trillion Instant Pay System
Bitget Wallet, the leading non-custodial crypto wallet, has integrated PIX, Brazil's instant payment system, in partnership with local licensee Aeon, enabling users to pay directly with self-custodied crypto by scanning any PIX QR code.
Kraken and Circle Partner to Accelerate Global Access and Utility of USDC and EURC
Kraken, one of the world’s longest-standing, most secure and most liquid crypto platforms globally, has partnered with an affiliate of Circle Internet Group, Inc. (NYSE: CRCL), a global financial technology company and a stablecoin market leader.
Ripple Commits $25M to Boost American Small Businesses and Veteran Career Success
Ripple, a financial technology company that offers crypto solutions for businesses, today announced a $25 million commitment to leading nonprofits Accion Opportunity Fund and Hire Heroes USA.
OneBill Launches RevAssure360: AI-Powered Revenue Assurance Platform to Detect, Prevent, and Predict Revenue Leakage
OneBill Software Inc., a leading cloud-based billing and monetization platform, today announced the launch of RevAssure360, an AI-powered revenue command center designed to help businesses detect, prevent, and predict revenue leakage in real time, while providing future-looking insights for sustainable growth.
Stripe and Visa to Power Fold’s New Bitcoin Rewards Credit Card
Fold Holdings, Inc. (NASDAQ: FLD) (“Fold” or the “Company”), a bitcoin financial services company making it easy for individuals and businesses to earn, save, and spend bitcoin through everyday financial tools, today announced it has selected Stripe, the programmable financial services company, to power the upcoming launch of the Fold Bitcoin Credit Card™, a bitcoin-only rewards product designed to turn everyday spending into a direct path to bitcoin ownership. The card enables users to accumulate bitcoin with every purchase, offering a simple and consistent way to build long-term wealth.
Revolut Pledges £3bn Investment and 1,000 UK Jobs at London Global HQ Opening
Revolut pledged £3bn of investment in the UK and 1,000 new jobs, as it opens its new global HQ in Canary Wharf’s YY London building
GoCardless Picks Leeds For New ‘Northern Hub’ Office
oCardless has announced the opening of a new office in Leeds, marking a significant step in the company's growth
Alloy Empowers Global Banks, Fintechs, and Payments Companies to Automate Perpetual KYC
Alloy today announced the launch of a perpetual Know Your Customer (pKYC) solution enhanced by AI insights
PensionBee Urges Pensions Commission to Deliver Bold Reforms to Secure Better Retirements for Millions of UK Savers
Millions risk being condemned to retirement poverty unless the UK’s pensions system is overhauled, PensionBee has warned, as it calls on the Pensions Commission to deliver bold reforms
Zego Reports Strong Results and Launches New Consumer Insurance Product
Insurtech leader Zego has significantly strengthened its financial position in 2024