Fidelity Digital Assets Is Hiring More Crypto Engineers
Fidelity said it wants to improve bitcoin custody and executive services and build products to "support the ecosystem."
Fidelity Digital Assets is hiring over 20 engineers in a new push to expand the investing giant's footprint in the cryptocurrency space.
- Exactly what the new hires will be building was unclear in Fidelity's Wednesday announcement.
- The post mentioned Fidelity is "improving upon our existing bitcoin custody and execution services" and building new products to "support the ecosystem."
- Two Digital Asset positions were added to Fidelity's job board Thursday: a principal data engineer and a senior engineering manager. Eight other digital assets posts were listed on the job board as of press time.
- Hiring will occur over the next several months, Fidelity said.
Read more: Fidelity Report Says Bitcoin’s Market Cap Is ‘Drop in the Bucket’ of Potential
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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.
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Circle’s biggest bear just threw in the towel, but warns the stock is still a crypto roller coaster

Circle’s rising correlation with ether and DeFi exposure drives the re-rating, despite valuation and competition concerns.
What to know:
- Compass Point’s Ed Engel upgraded Circle (CRCL) to Neutral from Sell and cut his price target to $60, arguing the stock now trades more as a proxy for crypto markets than as a standalone fintech.
- Engel notes that CRCL’s performance is increasingly tied to the ether and broader crypto cycles, with more than 75% of USDC supply used in DeFi or on exchanges, and the stock is still trading at a rich premium.
- Potential catalysts such as the CLARITY Act and tokenization of U.S. assets could support USDC growth, but Circle faces mounting competition from new stablecoins and bank-issued “deposit coins,” and its revenue may remain closely linked to speculative crypto activity for years.











