Autor Ezra Reguerra

Pudgy Penguins expands retail footprint with Target trading card rollout

Pudgy Penguins expands retail footprint with Target trading card rollout

Uverejnil používateľ | jún 20, 2026 |

Non-fungible token (NFT) project Pudgy Penguins has expanded the retail reach of its trading card game through a nationwide rollout at Target stores in the United States. According to a press release sent to Cointelegraph, the launch of Vibes Series 3 marks the game’s biggest retail expansion to date and brings the total number of circulated cards to 15 million. The new set includes additional gameplay mechanics, original artwork and appearances from characters in the Moonbirds collection. The rollout shows how Pudgy Penguins is extending its NFT-born intellectual property into mainstream consumer products as it aims to build a broader entertainment franchise beyond digital assets. Pudgy Penguins developed Vibes in partnership with Orange Cap Games, with Series 3 following two earlier releases. The digital collectible project is the fourth-largest NFT collection by market capitalization, according to data tracker NFT Price Floor. Top five NFT collections by market capitalization. Source: NFT Price FloorPudgy Penguins builds beyond NFTsThe project has also expanded into toys, gaming, licensing and other consumer products.Pudgy Penguins has spent years turning its Ethereum-based NFT collection into a broader consumer brand. Its physical toys entered more than 2,000 Walmart stores in 2023, and CEO Luca Netz said in May 2024 that more than 1 million toys had been sold over the preceding 12 months.The project’s licensing model also allows NFT holders to receive 5% of net revenue from physical products featuring their individual penguins.Related: Binance to end NFT support on exchange, shift service to walletThe franchise has pursued a similar expansion through gaming. In 2025, Pudgy Penguins launched the skill-based Pengu Clash game on The Open Network. At the time, Netz described gaming as a vehicle for bringing the project’s intellectual property to wider audiences.It also launched a mobile game called Pudgy Party in August 2025. According to Pudgy Penguins, the game’s downloads exceeded 1 million. However, the project said on Monday that it would halt further development of the game and focus its resources on a browser-based game called Pudgy World. Magazine: Vietnam preps crypto pilot, HK pushes tokenization: Asia ExpressCointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.

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Philippine SEC signals readiness for RWA tokenization

Philippine SEC signals readiness for RWA tokenization

Uverejnil používateľ | jún 20, 2026 |

The Philippine Securities and Exchange Commission  (SEC) has signaled that the country is ready to accommodate the tokenization of real-world assets (RWAs), with Commissioner Rogelio Quevedo saying he believes the necessary legal and regulatory foundations are in place. Speaking onstage at the Philippine Blockchain Week 2026, Quevedo said the SEC was “now fully convinced that we have the proper law [and] the proper regulatory mind and background” to accept asset tokenization. He said the technology could spur innovation in the capital markets and “revolutionize” stock exchanges. In an interview with Cointelegraph, Quevedo said tokenized investment products could provide overseas Filipino workers (OFWs) with more legitimate investment options. “Our OFWs, they have the capital. They do not know where to place their money. They do not know how to make their money earn,” he said, pointing to investment scams that have targeted Filipinos seeking returns.Quevedo also told Cointelegraph that the regulator’s enhanced enforcement capabilities have made it better prepared to oversee emerging technologies. “We are also using artificial intelligence to go after these unscrupulous scams,” he told Cointelegraph, adding that the SEC was working with Google, TikTok and other online platforms to remove illegal investment offerings. The remarks frame regulated tokenization as both a capital-markets innovation and a potential investor-protection tool in the Philippines, where the SEC continued to pursue unregistered investment schemes.Philippine SEC Commissioner Rogelio Quevedo (left) and Cointelegraph’s Ezra Reguerra (right) at the Philippine Blockchain Week 2026. Photo: CointelegraphPhilippine SEC tests tokenized assets under regulatory sandboxQuevedo’s remarks build on the SEC’s Strategic Sandbox, or StratBox, which allows fintech companies to test new products and business models in a live but controlled environment under regulatory supervision.The framework allows the SEC, within the scope of its legal authority, to waive or modify certain legal and regulatory requirements for individual sandbox participants. However, participation does not automatically exempt a company from existing laws, and the sandbox cannot be used to circumvent legal or regulatory requirements.Related: Meta rolls out stablecoin payouts for creators in Philippines, ColombiaIn November 2025, the SEC said four companies had been admitted to the sandbox, including one testing a tokenized real estate offering. Two participants were testing access to United States equities, while BlockShoals Technologies received in-principle approval to test crypto-related products and services. Magazine: China’s 107 Bitcoin memory thief, Bithumb CEO booked: Asia Express

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Binance can serve Philippine traders under SEC framework, BlockShoals says

Binance can serve Philippine traders under SEC framework, BlockShoals says

Uverejnil používateľ | jún 19, 2026 |

Binance is allowed to provide crypto trading access to users in the Philippines through its arrangement with BlockShoals Technologies, but neither company is authorized to handle peso transfers or perform other activities regulated by the country’s central bank, according to legal adviser Marie Antonette Quiogue.Quiogue, head of legal at BlockShoals, told Cointelegraph in an interview on Friday at Philippine Blockchain Week 2026 that Binance’s local operations fall under the Securities and Exchange Commission’s (SEC) crypto asset service provider (CASP) framework. She said BlockShoals serves as a crypto asset intermediary, introducing Philippine users to Binance’s global trading platform.The arrangement forms part of Binance’s effort to reestablish a presence in the Philippines after regulators moved to restrict access to the exchange over licensing concerns in 2024. Under the structure presented by BlockShoals, the company participates in the SEC’s Strategic Sandbox, or StratBox.The Bangko Sentral ng Pilipinas (BSP), the nation’s central bank, told Cointelegraph that neither Binance nor BlockShoals is authorized to operate as a virtual asset service provider (VASP).“Participation in the regulatory sandbox does not exempt an entity from complying with applicable laws, rules, and regulations, including any licensing requirements imposed by relevant regulators,” the BSP said, adding that it was coordinating with the SEC on the matter.Cointelegraph’s Ezra Reguerra (left) with BlockShoals head of legal Marie Antonette Quiogue (right). Photo: CointelegraphBlockShoals argues SEC framework permits trading accessQuiogue did not dispute the BSP’s statement and acknowledged that neither Binance nor BlockShoals had applied for a local VASP license. The legal adviser argued that the absence of a VASP license does not prevent the companies from providing services under SEC jurisdiction. “Trading, the activity of trading, is clearly under the jurisdiction of the SEC,” Quiogue said. “Binance and BlockShoals, we are not moving pesos, which is clearly under the jurisdiction of the BSP.”Related: Meta rolls out stablecoin payouts for creators in Philippines, ColombiaShe said the regulatory structure requires BlockShoals and Binance to obtain authorization from the relevant regulator whenever they introduce services outside the SEC’s remit. “If BlockShoals and Binance will be offering any product that is regulated by any other government agency, you have to get an authority from them,” she said. Binance returns after Philippine access restrictionsBinance first drew regulatory scrutiny in the Philippines in November 2023, when the SEC warned the public that the platform was not authorized to sell or offer securities in the country because it had not obtained the necessary license and registration. In March 2024, the commission said it had asked the National Telecommunications Commission to block access to the Binance website and related webpages. Local internet providers subsequently began restricting access to the platform following the order. At the time of publication, Binance’s platform was accessible to users in the Philippines. Magazine: China’s 107 Bitcoin memory thief, Bithumb CEO booked: Asia Express

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G7 calls for joint action on North Korean crypto theft, cybercrime

G7 calls for joint action on North Korean crypto theft, cybercrime

Uverejnil používateľ | jún 18, 2026 |

Group of Seven (G7) leaders have renewed their call for joint action against North Korean cryptocurrency thefts and cybercrime.In a statement adopted at this week’s G7 summit in Évian-les-Bains, France, the leaders expressed “deep concern” over North Korea’s nuclear and ballistic missile programs. The United Nations and security researchers have linked North Korea’s crypto thefts to funding for the country’s weapons programs.The G7 leaders did not specify how members should act on the call, making no mention of measures such as exchange screening, sanctions or actions against mixing services often discussed in connection with North Korean crypto laundering.The G7 also referenced North Korean cryptocurrency thefts after its June 2025 summit in Canada, when the group’s chair called for members to jointly address “DPRK cryptocurrency thefts fueling” the country’s nuclear and ballistic missile programs.The renewed call comes amid a series of high-profile exploits with suspected links to North Korean actors, including the roughly $285 million Drift Protocol exploit in April and the $36 million Humanity Protocol breach in June.DPRK hack activities from 2016 to 2025. Source: ChainalysisNorth Korean hackers stole $2 billion in 2025North Korean hackers stole at least $2 billion in crypto in 2025, according to Chainalysis, pushing the all-time total attributed to DPRK-affiliated actors to at least $6.75 billion.Chainalysis said the hackers generated bigger returns last year, despite carrying out fewer confirmed attacks, often by embedding information technology workers inside crypto companies or impersonating recruiters and investors to obtain access to internal systems. Related: North Korea ‘industrialized’ crypto theft, laundered billions: CertiKOn May 15, a CrowdStrike report described North Korean actors as the largest threat group targeting crypto users by value stolen. The cybersecurity company said the campaigns prioritized high-value targets, with proceeds “almost certainly laundered to fund the regime’s military programs.”Meanwhile, North Korea has rejected the allegations that it poses a cyber threat. In a May 3 statement published by state news agency KCNA, a Foreign Ministry spokesperson accused the US of spreading false information and described claims of a North Korean cyber threat as politically motivated “slander.”Magazine: The end of anon? AI could unmask crypto’s hidden identitiesCointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.

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Grayscale applies traditional finance models to AAVE, sees $175 value

Grayscale applies traditional finance models to AAVE, sees $175 value

Uverejnil používateľ | jún 18, 2026 |

Aave’s native cryptocurrency could reach $175 under a one-year base-case scenario as asset managers increasingly apply traditional finance valuation models to decentralized finance (DeFi) tokens, according to a new report by Grayscale Research.The digital asset manager said Aave could generate about $60 million in net income in 2026 and placed the token’s current fair value at $80 to $100. The analysis used discounted cash flows, earnings multiples and comparisons with banks and fintech companies. Aave traded at $75 on Thursday, according to CoinGecko. Grayscale said Aave’s revenue rose more than sixfold between 2023 and 2025, while the protocol operates at an estimated 50% margin. It argued that Aave’s lending activity, GHO stablecoin and institutional products could support future earnings growth.However, protocol revenue alone doesn’t guarantee token value, the research added. Fees may be paid to liquidity providers, used for operating costs or retained by a decentralized autonomous organization, while token holders generally lack legally enforceable claims held by shareholders. Grayscale’s analysis applies valuation methods commonly used for equities, banks and fintech companies to a DeFi protocol, reflecting the firm’s view that some crypto assets generate sufficiently measurable revenue and earnings to be evaluated using traditional financial frameworks.Cumulative DeFi fees. Source: Grayscale ResearchCoinShares applies long-term valuation models to HYPE and Ether CoinShares has taken a similar approach to Hyperliquid’s HYPE token and Ether (ETH), using protocol fees, buybacks and other economic drivers to create long-term valuation frameworks. The asset manager’s 2031 base case values HYPE at $147 and ETH at $4,935, although most of the projected ETH value comes from the token’s collateral and monetary role rather than cash flows. CoinShares described Hyperliquid as a more direct example of token-level value accrual because 99% of protocol fees are used to buy back HYPE through its Assistance Fund. For Ether, it used a sum-of-the-parts framework combining projected cash flows with a larger monetary and collateral premium. Related: Botanix to shut down after 4 years, cites weak demand for Bitcoin DeFiThe valuation work by Grayscale and CoinShares comes as some financial institutions forecast stronger growth in DeFi markets.Standard Chartered forecasts that tokenized assets could lift DeFi assets to $2.7 trillion by 2030. The bank said Uniswap is positioned to become a major venue for tokenized markets, adding that traditional finance partnerships could help Uniswap attract more activity.Magazine: The end of anon? AI could unmask crypto’s hidden identities

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