Monat: August 2025

• BPENGU has raised $2.2M in presale so far, with listing set for September 2.
• BPENGU combines Bitcoin’s value with penguin meme appeal.
• ETH surge, with altcoin season boosting penguin token hype.

Bitcoin Penguins has been generating buzz in the investing community as one of the best altcoins to invest in due to its narrative and its tokenomics.

Bitcoin Penguins (BPENGU) combines two of the most potent forces in crypto: Bitcoin’s “digital gold” narrative and the viral meme power of penguin-themed tokens.

Supporters believe this pairing could create a new growth wave, positioning BPENGU as the next dominant player in the meme coin sector.

The “next PENGU” is here?

Promoters of BPENGU are framing the project as the natural evolution of the penguin meme coin trend.

The pitch is straightforward: take the proven appeal of Pudgy Penguins’ branding and fuse it with the perceived stability and prestige of Bitcoin.

The result is “cute meets cash” or “meme meets money.”

The project’s backstory is rooted in observing PENGU’s rapid ascent and identifying a gap for a Bitcoin-backed version.

The total BPENGU supply is 10 billion tokens, with 55% allocated to presale buyers, 20% for staking, and smaller portions for liquidity, cold storage, NFT giveaways, charity, and the team.

Presale stages last two days each, incentivising rapid participation.

BPENGU’s presale features a 15-stage structure, with token prices rising 5% at each stage. The token’s presale will run till August 27, with the listing date fixed on September 2.

BPENGU’s presale has already shown signs of strong demand, with the token raising $2.2 million so far.

The team has confirmed a decentralised exchange listing for 2 September, just 72 hours after the presale closes.

The launch timing plays into broader market trends. Bitcoin is trading with strong momentum, altcoin sentiment is recovering, and interest in penguin-themed tokens remains high.

Supporters believe these conditions create a favourable setup for BPENGU’s debut.

Ethereum momentum adds to altcoin narrative

The penguin token boom is unfolding against a backdrop of strong price action for Ethereum.

ETH surged past $3,900 on Friday, hitting $3,952 before easing to around $3,909.

The rally has been driven by record institutional inflows into ETH-focused treasuries and exchange-traded funds, alongside large-scale corporate allocations.

SharpLink Gaming recently announced a $200 million stock offering to expand its Ethereum treasury, potentially pushing its holdings above $2 billion.

Fundamental Global has also filed a $5 billion shelf registration with the SEC to build its own ETH reserve.

Public companies collectively hold over 1.74 million ETH, valued at nearly $6.9 billion.

Industry figures, including Ethereum co-founder Vitalik Buterin, have noted the potential benefits of corporate ETH treasuries, while also flagging possible liquidation risks.

The surge in institutional interest in Ethereum provides a supportive macro backdrop for the broader altcoin market, potentially bolstering appetite for high-growth meme projects like BPENGU.

Altcoin season and Penguin token momentum

The BPENGU launch comes as traders debate whether the next phase of the altcoin season is approaching.

In recent months, penguin-themed tokens have been among the strongest performers in this environment.

The roadmap includes ambitious goals: targeting a $50 million fully diluted valuation (FDV) in September, $1 billion FDV by October, and a long-term vision that extends to global brand partnerships and even penguin-themed consumer products.

With Pudgy Penguins setting the stage and Bitcoin Penguins entering with a Bitcoin-powered model, the penguin narrative appears far from over.

The post Why Bitcoin Penguins is one of the best altcoins to invest in as presale gains momentum appeared first on CoinJournal.

• The SEC and Ripple have officially ended their long-running 2020 lawsuit by voluntarily dismissing their appeals.
• The dismissal leaves in place a 2023 ruling that included $125 million in fines for Ripple’s institutional XRP sales.
• XRP’s price jumped 5% to around $3.27 following the news of the case’s conclusion.

The protracted and closely watched legal battle between the US Securities and Exchange Commission (SEC) and Ripple Labs has officially come to a close.

In a joint filing on Thursday, the two parties informed the Second Circuit Court of Appeals that they were voluntarily dismissing their respective appeals, bringing an end to a landmark case that has captivated the cryptocurrency industry since it was first filed in 2020.

The joint stipulation, a formal agreement between the two parties, specifies that both the SEC and Ripple will each bear their own legal costs, effectively ending the years-long legal saga.

The lawsuit was originally initiated in 2020 by the SEC under its former Chair, Jay Clayton, who now runs the US Attorney’s Office for the Southern District of New York. The core of the SEC’s case was the allegation that Ripple had violated securities laws through its sale of XRP, the digital token closely associated with the company.

The market’s reaction to the news of the dismissal was swift and positive. The price of XRP jumped 5% following Thursday’s filing, trading at around $3.27 as of press time.

A look back at a contentious and consequential case

The path to this final dismissal has been a winding one. The legal battle had seen both sides claim partial victories. In a pivotal 2023 ruling, a district judge found that Ripple had indeed violated securities laws in its direct sales of XRP to institutional traders.

However, in a major win for Ripple and the broader crypto industry, the judge also ruled that Ripple’s programmatic sales of XRP to retail traders through exchanges did not constitute the sale of securities.

Following this split decision, the SEC filed an appeal in 2024, challenging the part of the ruling that favored Ripple. Ripple, in turn, cross-appealed to maintain its legal arguments in the case.

However, the tide began to turn earlier this year. Ripple CEO Brad Garlinghouse announced in June that both parties had agreed to drop their respective appeals.

This decision effectively leaves District Judge Analisa Torres’s original penalties in place.

These penalties, which were tied to her finding that Ripple had violated securities laws in its sales to institutional investors, included $125 million in fines and a permanent injunction against any further violations of the law by the company.

The parties had previously attempted to negotiate these penalties down, but multiple attempts were reportedly rejected by Judge Torres due to procedural and other concerns.

A shifting regulatory landscape under new leadership

The move to pause and ultimately dismiss the appeals also comes amidst a broader shift in the US regulatory landscape for cryptocurrencies.

This shift has occurred since President Donald Trump retook office and installed new leadership at the SEC.

Under this new leadership, the agency has reportedly dropped over a dozen cases and investigations into various crypto companies in the last few months, signaling a potentially more industry-friendly approach.

The formal conclusion of the long-running Ripple case is now being seen by many as another clear sign of this new regulatory chapter.

The post SEC and Ripple voluntarily dismiss appeals, ending 2020 lawsuit over XRP sales appeared first on CoinJournal.