Pudgy Penguins unveils play-to-win game Pengu Clash on TON blockchain

Pudgy Penguins has launched Pengu Clash, a skill-based 1v1 multiplayer game on Telegram that brings its popular NFT characters into fast-paced minigame battles.

Pudgy Penguins (PENGU) has launched its first Web3 game, Pengu Clash, a Telegram-based 1v1 multiplayer battler that brings its signature cartoonish seabird NFTs into the competitive mini-game space. In Pengu Clash, players dress up their penguin characters and face off in a variety of quick-play challenges, including curling, darts, and football.

Built on The Open Network (TON) blockchain by crypto gaming infrastructure firm Elympics, the game is designed to emphasize real gameplay rather than crypto gimmicks, in contrast to earlier Telegram-based “clicker” games that primarily aimed to farm user engagement through token incentives.

The launch follows a waitlist-only rollout, with a portion of over 1.1 million Telegram accounts gaining early access ahead of a wider public release.

Pengu Clash is part of Pudgy Penguins’ broader effort to grow its intellectual property. According to the project, the game is primarily a brand expansion vehicle rather than a direct revenue play. “Money is made, but that is a byproduct of our IP [intellectual property] reaching the masses,” Pudgy Penguins CEO Luca Netz told Cointelegraph.

The launch of the game follows a series of broader initiatives by Pudgy Penguins aimed at expanding its brand and reaching new audiences beyond the Web3 space. Earlier this month, the company introduced Pudgy Records, a community-driven music label designed to extend its cultural presence through original music. Additionally, the company recently announced a partnership with NASCAR, revealing plans to bring its character Pengu to racing fans globally.

At the same time, Pudgy Penguins is working to expand the utility of the PENGU token, most recently through a partnership with the Lufthansa Miles & More program. The collaboration allows users to earn airline miles when shopping at Pudgy Shops using either Pengu tokens or fiat.

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Cardano, XRP, and Ethereum L2 Layer Brett

Cardano, XRP, and Ethereum L2 Layer Brett

The post Cardano, XRP, and Ethereum L2 Layer Brett appeared on BitcoinEthereumNews.com. Crypto News If you’re searching for the best altcoin to buy now, three names keep popping up for very different reasons. Cardano is winning over long-term investors with steady development and smart funding moves. XRP is back in the game after clearing legal hurdles, and its charts are looking strong. But the real wildcard? Layer Brett—a meme coin with real utility that’s catching serious early attention. Cardano (ADA): Long-term structure keeps Cardano on best altcoin to buy now lists Cardano has been called a sleeping giant more times than most traders can count—but analysts still see potential in its slow, structured approach. After briefly reclaiming the $0.90 range, ADA is holding support and grinding higher, keeping it on shortlists for the best altcoin to buy now. Part of the appeal is Cardano’s steady development pipeline. A new $71 million fund has been earmarked for ecosystem growth, and DeFi activity is picking up again after a quiet stretch. With its Layer 1 reputation for security and research-first upgrades, Cardano keeps attracting long-term capital. It’s not the fastest mover, but for investors looking beyond hype cycles, Cardano still fits the profile of a best altcoin to buy now: solid foundation, active development, and high upside potential if the next bull run sticks. Ripple (XRP): Breakout structure puts XRP on best altcoin to buy now list XRP is back on the radar, and technical analysis highlighting growing confidence now that the SEC court case is all over. It’s been pushing through resistance levels, drawing in fresh attention—and landing a spot on several best altcoins to buy now lists. Momentum is being helped along by increased trading volume, improving technical indicators, and whispers of potential ETF interest. With the SEC battle mostly behind it, XRP now has something many altcoins don’t: regulatory breathing room.…
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BitcoinEthereumNews2025/08/23 02:34
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Thailand SEC Opens Consultation on Exchange-Issued Tokens, July 21 Feedback Deadline

Thailand SEC Opens Consultation on Exchange-Issued Tokens, July 21 Feedback Deadline

Key Takeaways: The changes would permit the listing of tokens issued by exchanges or related entities if used for on-chain transactions. Exchanges must disclose affiliated parties tied to listed assets and update legacy token data within 90 days of the rule’s enforcement. The proposal maintains regulatory goals around market integrity, conflict-of-interest prevention, and investor protection. Thailand ’s Securities and Exchange Commission is seeking public input on draft criteria for listing digital assets on local exchanges, according to a notice published on June 20. The proposed changes were approved by the SEC board during its June meeting. They are intended to align listing standards with current patterns of usage, technological development, and industry structure. Thai SEC Proposes Changes With the changes, the Thai SEC still intends to maintain “investor protection and regulatory mechanisms for preventing and managing conflicts of interest,” prevent “market manipulation of digital assets,” and prevent “unfair practices (insider trading).” Under the proposal, exchanges would be allowed to list ready-to-use digital tokens or coins issued by themselves or related parties, provided the assets are used for on-chain transactions. Exchanges would also be required to publicly disclose any related-party connections tied to listed digital tokens. “The Exchange shall disclose the names of persons related to digital token issuers who have provided their digital tokens on the Exchange for all types of digital tokens and display symbols (alerts and alarms) in the e-reporting system,” the agency said. Exchanges will be given 90 days to update disclosures for existing tokens once the rule takes effect. Public consultation documents are now available on the SEC’s website and Thailand’s central legal system portal. Comments can be submitted until July 21 by email or through the designated channels. 🇹🇭 Thailand’s Cabinet has approved a new tax measure to accelerate its ambition of becoming a leading global hub for digital assets. #thailand #tax https://t.co/HgLTU3EC35 — Cryptonews.com (@cryptonews) June 17, 2025 Thailand Adjusts Digital Asset Regulatory Framework Thailand has made incremental adjustments to its digital asset regulatory regime in recent years, including raising standards for custody and exchange supervision. The new rules under discussion suggest an effort to reconcile the growth of blockchain-based assets with compliance and oversight obligations. Feedback from the current consultation may influence future policy adjustments, especially around transparency requirements and the role of exchange-issued tokens. Authorities across Southeast Asia are changing their regulatory frameworks to respond to the growing involvement of digital asset exchanges in token issuance and platform-based finance, prompting closer scrutiny of internal affiliations and disclosure standards. Frequently Asked Questions (FAQs) How could the new rules impact investor behavior? Clearer disclosures of affiliated parties and usage conditions may help investors assess risks related to token provenance and exchange influence. What enforcement tools will the SEC use to monitor compliance? The e-reporting system is expected to support real-time monitoring of issuer relationships and flag potential insider trading activity or listing conflicts. Could this affect Thailand’s competitiveness in the digital asset sector? Formalized listing rules may improve regulatory clarity and support exchange growth, provided the requirements do not create barriers to participation.
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CryptoNews2025/06/21 03:02
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