What Happened in Crypto Today: Check 25 Dec Crypto News Highlight

What Happened in Crypto Today: 25 Dec Real time Cryptocurrency News

PENGU Token Spikes to 602% After Bithumb Listing

PENGU Token, the official token of Pudgy Penguins NFT, surged 602% after being listed on Bithumb, hitting $0.03531. The listing boosted its market cap to $2.2 billion and 24-hour trading volume to $1.54 billion. Whale activity and a planned airdrop of 88,888,888 tokens on January 9 for traders further fueled the surge. 

Despite early selling pressure, PENGU remains 44% below its all-time high but shows potential to break the $0.04 milestone. PENGU Token Price Surge was one of the highlights of what happened in the crypto market today, showcasing the dynamic shifts in token values and market cap.

Russia Extends Crypto Mining Ban to 2031: Why?

Russia has extended its crypto mining ban to 2031 to manage rising energy consumption. The ban applies to regions including Dagestan, Chechnya, and North Ossetia from January 2025. Restrictions also cover Irkutsk, Buryatia, and Zabaikalsky Krai during peak periods. 

With crypto mining consuming 1.5% of Russia's energy, the move aims to balance consumption and payments. The legalization of crypto mining mandates miners to register with the Federal Tax Service, improving transparency and compliance with tax laws. This is a significant development in the latest crypto news, highlighting regulatory measures in response to energy concerns.

Ethereum's Pectra and Fusaka Upgrades: What's Next?

Ethereum’s Pectra Upgrade, set for early 2025, will merge its execution and consensus layers to enhance scalability, security, and performance. Following Pectra, the Fusaka Upgrade will focus on Layer-2 solutions and include 12 key code changes. As ETH’s price hovers at $3,480.57, these upgrades could boost its value. 

The Beam Chain upgrade is also in the pipeline, promising further improvements. Ethereum’s ongoing evolution aims to bolster its DeFi dominance and overall blockchain efficiency. Real time crypto news shows these upgrades could significantly impact Ethereum's market position.

Binance Alpha Latest Projects List Announced: Check Details

Binance Alpha latest projects list includes five tokens: YNE, GOUT, GEL, UFD, and GAME, from Ethereum, Solana, and Base. Despite initial excitement, 40% of the listed tokens dropped in value. The platform now features 29 tokens, with Ethereum-based DeFi assets leading. The release of a fake list caused confusion, but 17 tokens gained value once corrected. 

Additionally, Bio Protocol (BIO) will join Binance Launchpool, listing on January 3, 2025. This is one of the prominent stories in the 25 December crypto news segment, providing insights into new token listings and market reactions.

MicroStrategy Calls Shareholders Meeting for Bitcoin Fund

MicroStrategy called a special shareholders’ meeting to expand its equity-issuance plan for more Bitcoin purchases. Proposals include increasing Class A common stock from 330 million to 10.33 billion shares and preferred stock from 5 million to over 1 billion shares. This supports the 21/21 Plan, aiming to buy $42 billion worth of Bitcoin by 2027. 

The company currently holds 444,262 BTC, valued at $43.5 billion, and has raised $16 billion since October. This is a notable event in what is going on with crypto today, reflecting major investment strategies in the cryptocurrency sector.