Today’s issue is brought to you by Safe — the world’s leading smart account provider on EVM, securing $100B+ in assets (including Vitalik’s).

👉 Join their Telegram for exclusive alpha!

Telegram | Twitter | Community

⌐◪-◪ → Penguins are the new Apes.

Pudgy Penguins just flipped Bored Ape Yacht Club (BAYC) in both floor price and market cap, solidifying their position as the second most valuable NFT collection after CryptoPunks. For context, here are the top 5 NFT collections by market cap:

1. CryptoPunks: $1.5B

2. Pudgy Penguins: $767M

3. BAYC: $765M

4. Azukis: $277M

5. AutoGlyphs: $265M

Their lower-priced collection, Lil Pudgys, still trails BAYC’s equivalent, Mutant Ape Yacht Club, but that gap may close soon. The real question is how long Pudgy Penguins can sustain this momentum, which largely depends on their core team's marketing efforts. So far, they’re doing a phenomenal job.

Looking ahead, Pudgy Penguins recently announced their upcoming crypto token, "PENGU," set to launch on Solana later this month with a total supply of 88.8B tokens. If they replicate the success of the Hyperliquid airdrop and funnel more value toward their holders and communities, Pudgy Penguins’ price could climb even higher.

It would be wild to see Pudgies flip CryptoPunks, just as BAYC monetarily did during the last NFT bull run. Shoutout to the Pudgies team for their success, but remember—at the end of the day, all roads lead back to Punks.

⌐◪-◪ → FAANG stocks are coming for Bitcoin.

Amazon shareholders are pushing for the company to consider adding Bitcoin to its treasury. The proposal comes from the National Center for Public Policy Research (NCPPR), the same group that recently urged Microsoft to allocate to Bitcoin.

The request suggests Amazon allocate a minimum of 5% of its assets into Bitcoin as a hedge against inflation. If just one of these companies, Amazon or Microsoft, adopts Bitcoin, it’s likely other top tech firms will follow.

Apple, Google, Amazon, and Microsoft collectively hold $811B in cash, losing purchasing power every year. Even pension funds, among the most risk-averse investors, are now allocating to Bitcoin.

Meanwhile, the first Indian public company, Jetking, has adopted a Bitcoin treasury strategy. Soon, holding Bitcoin may become the norm. The prophecy is unfolding: first corporations, then banks, then states, then nations.

⌐◪-◪ → Pump.Fun is in hot water, innit?

The popular memecoin trading platform Pump.Fun just banned UK users after being added to the Financial Conduct Authority’s (FCA) warning list last week. The FCA claimed the platform may be providing or promoting financial services without authorization, urging users to avoid it.

While scams are rampant in memecoins, banning an entire platform raises questions. It seems more about control and revenue than true investor protection. The move also highlights the inconsistency in regulation—sports betting is deeply ingrained in UK culture but faces far less scrutiny compared to crypto.

This could be a case of big gambling lobbying to eliminate competition from memecoins and the free market. If the UK continues to stifle crypto, they risk losing talent and innovation to pro-crypto nations that are already removing barriers, like eliminating capital gains taxes on crypto altogether.

Adapt or die.

Join Our Community!

Designed to make you a better crypto investor, builder, and operator.

💬 Chat with Valko and other experts
📚 Access additional hand-curated resources
😊 Make friends, share memes, have fun