Monat: Oktober 2025

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PENGU turns bullish as Pudgy Penguins teams up with Nasdaq-listed Sharps Technology

  • The collaboration aims to merge NFTs with institutional funds.
  • Sharp’s Solana-based treasury network will enhance cross-chain interactions and capital efficiency.
  • PENGU has gained more than 2% after the announcement.

NFT brand Pudgy Penguins has entered a strategic alliance with publicly listed Sharps Technology to explore how to integrate non-fungible tokens into on-chain treasury strategies.

The development is crucial as it marks a significant move in Pudgy Penguin’s growth beyond Web3.

The project is shifting from its original NFT culture into a recognizable player within the blockchain and digital finance sectors.

Further, collaborating with a Nasdaq-listed firm reflects Pudgy Penguin’s evolution into a structured cryptocurrency project with institutional relevance.

Native coin PENGU decoupled from the prevailing market-wide slump with an over 2% uptick after the announcement.

The collaboration will connect Sharps’ Solana-based treasury platform with Pudgy Penguins’ intellectual property (IP), establishing a model that targets both institutional and retail markets within the Solana ecosystem.

Sharps Technology supercharges PENGU ecosystem

Sharps Technology has gained traction due to its strategic maturity from medical to blockchain, building a notable on-chain treasury platform on Solana.

Sharps’ treasury platform promises capital efficiency, automated treasury management, and real-time visibility.

Indeed, these features are vital in transforming how Web3 projects manage capital.

Through Pudgy Penguins, Sharps Technology gains exposure to a vibrant and fast-expanding NFT marketplace, while PENGU enjoys transparent, scalable financial support.

Notably, the collaboration brings Sharp’s blockchain treasury capabilities to the Pudgy Penguins network.

The move could set the stage for other non-fungible tokens projects looking to revolutionize financial management using decentralized tools.

Pudgy Penguins expands Web3 utility beyond NFTs

Launched in July 2021 as an Ethereum-based NFT collection of 8,888 unique avatars, Pudgy Penguins quickly became a recognizable brand in the non-fungible token space.

After the project’s acquisition by entrepreneur Luca Netz in 2022, Pudgy Penguins shifted its focus from collectible assets to building a Web3-native consumer brand.

This new direction has included multiple retail and digital initiatives.

The team expanded into physical merchandise, distributed through retail outlets, and launched Pudgy World, an interactive virtual experience designed to strengthen community engagement.

In 2024, the project introduced its native PENGU token, built with cross-chain compatibility, governance functionality, and a deflationary staking model aimed at increasing long-term value.

The token initiative aligned with Pudgy Penguins’ broader strategy to merge virtual ownership with tangible consumer products.

Now, the brand’s partnership with Sharps Technology represents a further step in its long-term plan to deepen Web3 integration and enhance institutional connectivity.

By leveraging Sharps’ digital asset tools, Pudgy Penguins aims to expand its brand’s financial and technological infrastructure within the Solana network.

PENGU price outlook

Cryptocurrencies traded in the red on Friday as Bitcoin appears stuck below $122,000.

While bears flexed their muscles, Pudgy Penguin’s native token seemed to lead the recovery.

PENGU gained more than 2% as Sharps Technology’s updates sparked optimism. It is trading at $0.03160.

PPENGU flashes bullish reversal signs after weeks of consolidation.

It has formed a reliable support barrier at $0.027, which has prevented declines several times since September.

Buyers target the nearest resistance between $0.034 and $0.035 – a key zone that served as a support and rejection zone in mid-September.

Breaking past this obstacle could attract increased buying pressure and support rallies to $0.38.
PENGU might push to the $0.044 target, translating to a roughly 40% uptick from the market price.
Nevertheless, broader sentiments will influence PENGU’s price trajectory.
Extended weakness will delay the projected surge, while recoveries will supercharge the meme coin’s rally.
Meanwhile, the $0.03 psychological levels remain crucial.
Losing it could plunge PENGU towards the $0.027 foothold.
Bulls should hold above this support level to avoid sharp dips and extended sideways movement.

The post PENGU turns bullish as Pudgy Penguins teams up with Nasdaq-listed Sharps Technology appeared first on CoinJournal.

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Deutsche Bank sees parallels between Gold and Bitcoin as central banks boost gold reserves

  • Deutsche Bank says gold now makes up 24% of central bank reserves, the highest share since the 1990s.
  • Analyst Marion Laboure sees parallels between gold and Bitcoin as safe-haven, low-correlation assets.
  • Deutsche Bank predicts both Bitcoin and gold could join central bank reserves by 2030.

Global central banks are expanding their gold holdings at a pace not seen in decades, a trend that could have major implications for Bitcoin, according to a new report from Deutsche Bank.

The bank’s strategists noted that gold’s share of central bank reserves climbed to 24% in the second quarter, its highest level since the 1990s, marking a renewed confidence in the precious metal amid shifting global monetary dynamics.

Deutsche Bank’s findings highlight how gold’s resurgence and Bitcoin’s momentum in 2025 share several common characteristics, particularly as investors and policymakers seek alternative stores of value in an uncertain economic environment.

Central Banks’ Gold accumulation reaches multi-decade highs

The report shows that official demand for gold has doubled compared to the 2011–2021 average, signaling an intensified effort by central banks to diversify away from fiat currencies.

The strategists described this as a “significant shift in global finance,” echoing patterns seen throughout the 20th century when gold played a dominant role in global reserves.

Gold’s renewed accumulation coincides with its climb past inflation-adjusted all-time highs.

Although gold prices have been setting nominal records for several years, Deutsche Bank noted that only recently has the metal surpassed its real-adjusted peak from 1980.

“It’s only in recent weeks that gold has finally surpassed its real-adjusted all-time highs from around this point 45 years ago,” the bank’s strategists wrote.

They attributed the decades-long gap between those milestones to a combination of factors, including central bank gold sales, institutional sell-offs, and the rise of the fiat currency era.

The report also recalled that gold’s formal role as a reserve asset ended in 1979 when the International Monetary Fund (IMF) prohibited member countries from pegging exchange rates to gold — a move that cemented the end of the Bretton Woods system.

Bitcoin emerges as a modern parallel to Gold

Deutsche Bank’s macro strategist Marion Laboure explored potential parallels between gold and Bitcoin in a report titled “Gold’s reign, Bitcoin’s rise.”

She observed that both assets have shown similar long-term performance patterns since their inception and share a reputation for high volatility and periods of underperformance.

Laboure emphasized that both gold and Bitcoin have a low correlation with traditional financial assets, making them attractive options for diversification.

These shared traits, she suggested, contribute to their appeal as potential “safe-haven” assets in times of market uncertainty.

While Laboure acknowledged that Bitcoin’s volatility and lack of backing remain major concerns, she noted that volatility has declined to historic lows.

Other challenges — including limited adoption, speculative behavior, cybersecurity risks, and liquidity constraints — continue to limit Bitcoin’s suitability as a mainstream reserve asset, but its trajectory is drawing increasing institutional attention.

Looking ahead: Bitcoin and Gold in central bank reserves by 2030?

Despite lingering skepticism among policymakers, Laboure predicted that both Bitcoin and gold could feature on central bank balance sheets by 2030.

The forecast reflects a gradual convergence between traditional and digital stores of value, particularly as institutional adoption of Bitcoin expands and governments explore ways to diversify their reserves.

Still, she cautioned that Bitcoin’s volatility and perceived risk profile remain key barriers for central banks, whose primary mandate is to preserve capital stability.

The post Deutsche Bank sees parallels between Gold and Bitcoin as central banks boost gold reserves appeared first on CoinJournal.