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🚀 Crypto Bulls Charge: Bitcoin & Ether Hold Strong as Ethena Smashes $11.9B TVL, Pudgy Penguins Rev F1 Engines

🚀 Crypto Bulls Charge: Bitcoin & Ether Hold Strong as Ethena Smashes $11.9B TVL, Pudgy Penguins Rev F1 Engines

Author:
CoindeskEN
Published:
2025-08-12 10:23:10
15
1

Markets Today: Bitcoin, Ether Hold Gains as Ethena Hits $11.9B TVL, Pudgy Penguins Race to F1

Crypto markets flex resilience as blue-chips hold ground—while DeFi and NFTs make absurd plays for relevance.

Stablecoins eat traditional finance
Ethena's $11.9B TVL milestone proves yield-starved investors will chase synthetic dollars harder than Wall Street bonuses.

NFTs enter their 'midlife crisis' phase
Pudgy Penguins' F1 pivot screams 'look at me!'—because nothing says Web3 like licensing deals straight from the 1990s playbook.

Meanwhile, Bitcoin and Ether keep grinding like responsible adults—quietly outperforming while the altcoin circus tries to distract with shiny objects.

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