CoinDesk 20 Performance Update: Index Slips 2.2% as Spot Ether ETFs Begin Trading
Declines of 5.6% in ICP and 5.2% in AVAX dragged the index down in overnight trading.

CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index.
The CoinDesk 20 is currently trading at 2299.72, down 2.2% (-51.54) since yesterday's close.
Four of 20 assets are trading higher.
Leaders: ETC (+4.1%) and MATIC (+1.5%).

Laggards: ICP (-5.6%) and AVAX (-5.2%).

The CoinDesk 20 is a broad-based index traded on multiple platforms in several regions globally.
More For You
Pudgy Penguins: A New Blueprint for Tokenized Culture

Pudgy Penguins is building a multi-vertical consumer IP platform — combining phygital products, games, NFTs and PENGU to monetize culture at scale.
What to know:
Pudgy Penguins is emerging as one of the strongest NFT-native brands of this cycle, shifting from speculative “digital luxury goods” into a multi-vertical consumer IP platform. Its strategy is to acquire users through mainstream channels first; toys, retail partnerships and viral media, then onboard them into Web3 through games, NFTs and the PENGU token.
The ecosystem now spans phygital products (> $13M retail sales and >1M units sold), games and experiences (Pudgy Party surpassed 500k downloads in two weeks), and a widely distributed token (airdropped to 6M+ wallets). While the market is currently pricing Pudgy at a premium relative to traditional IP peers, sustained success depends on execution across retail expansion, gaming adoption and deeper token utility.
Plus pour vous
Robinhood CEO says tokenized stocks could prevent another GameStop freeze

Vlad Tenev blamed the trading halt on its app in 2021 on bad infrastructure, a problem that he says tokenization would solve.
Ce qu'il:
- Robinhood CEO Vlad Tenev says the 2021 GameStop trading halt was caused by slow, collateral-intensive settlement infrastructure, rather than bad actors.
- Tenev argues that even the shift from T+2 to T+1 settlement is insufficient in a 24/7 news-and-trading environment, especially for trades executed on Fridays.
- He is pushing to move stocks onto blockchains for real-time settlement, expand Robinhood’s tokenized stock offerings and 24/7 DeFi-style trading, and urge Congress to pass the CLARITY Act to force the SEC to issue rules on tokenized equities.











