The Cetus hack on the Sui blockchain resulted in a loss of $223 million after hackers exploited a security flaw in the protocol’s smart contract code. Following this breach, the Sui Foundation announced it would provide a secured loan to Cetus, enabling the protocol to fully compensate users affected by the stolen funds. This loan forms part of a larger recovery strategy aimed at covering losses that Cetus could not handle alone. Sui Foundation to Support Cetus Hack Recovery The Sui Foundation’s loan is designed to help Cetus cover the stolen assets that have been bridged off the Sui blockchain. Cetus will combine these loan proceeds with its treasury funds to cover the total loss caused by the hack. According to a recent post on X by Cetus, this loan is a crucial step to enable a 100% recovery for users affected by the Cetus hack, assuming the locked funds… Read More at Coingape.com
PENGU has seen a sharp uptick in price, rising by 34% in the last 24 hours, reaching a multi-week high and nearing its May highs.
This surge is driven by a major development for Pudgy Penguins, sparking a bullish reaction from both holders and whales. The growing momentum is setting the stage for further growth.
Pudgy Penguins Whales Are Accumulating
Whales are actively accumulating PENGU to capitalize on its recent price rise. In just the last 24 hours, over 200 million PENGU, worth more than $2.4 million, were purchased by investors holding over $1 million worth of tokens. This significant accumulation is likely to help sustain the recent price rally.
With whales betting on further price growth, the buying pressure is expected to continue. As large holders accumulate PENGU, their actions help drive the market sentiment in a bullish direction, attracting smaller investors to follow suit.
This dynamic could play a crucial role in maintaining the meme coin’s upward momentum.
The overall macro momentum for PENGU shows strong bullish signals, with key technical indicators supporting the positive outlook.
The Relative Strength Index (RSI) is currently in the bullish zone, above the neutral mark, indicating a strong upward trend for the token. This is the highest level for the RSI in recent weeks, further confirming the altcoin’s bullish behavior.
The filing of the Canary PENGU ETF with the SEC has been a surprise for the community, adding significant weight to PENGU’s bullish outlook. The first-ever PENGU ETF and it could act as an additional catalyst for price movement.
The PENGU price has risen nearly 30% in the past 24 hours, and the token is currently trading near $0.0134. The token is facing resistance around the $0.014 level.
This area previously acted as support before the sharp sell-off, and now it’s being tested from below, indicating potential resistance.
Suppose PENGU manages to break above the $0.01350 resistance with strong volume. In that case, the next key level to watch is around $0.01370–$0.01375, which is the next visible support-turned-resistance zone from earlier price consolidation.
A successful move through that range could open the path back toward $0.01400, where prior supply clusters exist.
Conversely, failure to sustain $0.01350 could result in a retest of the demand zone.
If sellers regain control and break below $0.01335, PENGU risks dropping further to the next demand area near $0.0129, where the previous bounce began.
This would signal ongoing bearish pressure and lack of bullish commitment.
Ripple XRP News: Nasdaq-listed Digital Commodity Capital has announced that it holds XRP in its company treasury. This is an important moment for XRP as it signals that big institutional investors are starting to show interest in the cryptocurrency. With its legal issues with the SEC moving toward, XRP could be on the path to wider corporate adoption.
Digital Commodity Capital Reveals 103K XRP Holdings
Digital Commodity Capital has disclosed that it now owns 103,000 XRP, worth about $225,570 at current prices. While this amount may seem small compared to other assets, the decision to hold XRP in a public company’s treasury is significant.
It shows that the company believes in the future of XRP, especially after the cryptocurrency’s legal struggles in the past.
Public Company Reveals XRP Holdings as Smart Money’s Bet Becomes Public
For the first time ever, a publicly traded company has officially confirmed XRP in its corporate treasury, signaling a major shift in how institutions are approaching the asset.
Earlier this year, energy company Worksport also announced it bought both Bitcoin and XRP for its treasury. Now, with Digital Commodity Capital joining in, it’s clear that XRP is getting stronger support from businesses.
As more companies come forward with their XRP holdings, it shows XRP is not just another coin anymore. It’s becoming a serious choice for companies looking to invest in crypto.
Ripple’s Legal Win Helping XRP
This move by Digital Commodity Capital comes after Ripple made big progress in its long fight with the SEC. Ripple recently dropped its cross-appeal against the SEC, showing that a final settlement is very close.
Digital Commodity Capital even praised this legal progress, saying it’s a win for the whole crypto world, not just for Ripple. With fewer fears about legal problems, more companies now feel safer to invest in XRP.
XRP Gaining Interest Among Institutions
Historically, Bitcoin has been the go-to cryptocurrency for institutional investors. However, XRP is now starting to catch the attention of big companies. Digital Commodity Capital’s decision to hold XRP publicly shows a growing shift in how institutions view the asset.
More companies might soon follow, revealing their own holdings of XRP as they start to recognize its potential.
As of now, Ripple’s native token, XRP price is trading around $2.18, reflecting a slight increase seen in the last 24 hours.
The post XRP News Today: Nasdaq Firm Digital Commodity Capital Adds XRP to Treasury appeared first on Coinpedia Fintech News
Ripple XRP News: Nasdaq-listed Digital Commodity Capital has announced that it holds XRP in its company treasury. This is an important moment for XRP as it signals that big institutional investors are starting to show interest in the cryptocurrency. With its legal issues with the SEC moving toward, XRP could be on the path to …
USD1 stablecoin, an asset associated with World Liberty Financial (WFLI), is set to go multi-chain through its latest integration with Chainlink. Already tagged as the fastest stablecoin to grow from a $0 valuation to $2 billion, the new integration will help expand its reach to new users and institutions in the industry. USD1 has been making headlines recently amid a growing trend around stablecoin evolution in the United States. World Liberty Financial and the Chainlink Deal According to the announcement, the collaboration between both entities will see USD1 utilize the Chainlink Cross-Chain Interoperability Protocol (CCIP). Specifically, it will be used for secure data feeds and for bridging from one blockchain to another. Earlier this month, USD1 ranks as top 5 in the stablecoin world, a feat it achieved within months of its launch. The adoption of the token by both retail and institutional investors has seen it launch on top… Read More at Coingape.com
Public Company Reveals XRP Holdings as Smart Money’s Bet Becomes Public
