The Daily: Pudgy Penguins’ PENGU token goes live, LastPass exploiters drain millions of dollars in crypto and more
2024-12-18
Category: None

Happy Tuesday! In today's newsletter, Pudgy Penguins' PENGU token goes live, LastPass exploiters drain millions of dollars in crypto, Lido begins phasing out its Polygon staking service and more.
Meanwhile, "Praise the Lord," Sen. Tim Scott reacted as crypto-skeptic SEC Commissioner Caroline Crenshaw's renomination vote was scrapped.
Let's get started.
Pudgy Penguins launches PENGU token on Solana
Popular non-fungible token project Pudgy Penguins has launched its PENGU token, with eligible participants given just 88 days to claim before their allocations are burned and effectively removed from the supply.
LastPass exploiters drain millions of dollars in crypto
ZachXBT said Tuesday that attackers linked to the 2022 LastPass breach had stolen another $5.4 million in crypto from over 40 wallets, later updated to $12.4 million from over 100 victim addresses.
Lido begins phasing out staking service for Polygon PoS chain
Leading liquid staking protocol Lido is shutting down its Polygon PoS staking services following a community-approved vote due to limited user adoption, low rewards and resource-heavy maintenance.
Ethereum ETF staking yields could drive institutional adoption if regulatory barriers ease under Trump
Analysts at firms including Bernstein and CryptoQuant suggest the incoming Trump administration could ease regulations, enabling Ethereum staking in spot ETF products and attracting institutional investors through clearer frameworks.
Tether invests in StablR to promote stablecoin adoption in Europe
Tether has invested in European stablecoin issuer StablR, aiming to boost adoption in Europe ahead of the EU's MiCA regulation taking full effect on Dec. 30.
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