Bitcoin News Roundup for May 6, 2020
BTC stays above $9K while some new startups wrestle for market share. It's CoinDesk's Markets Daily Podcast.

BTC stays above $9K while some startups wrestle for market share. It's CoinDesk's Markets Daily Podcast.
This episode is sponsored by ErisX, The Stellar Development Foundation and Grayscale Digital Large Cap Investment Fundhttps://grayscale.co/coindesk.
For early access before our regular noon Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica or RSS.
Today's stories:
Bitcoin Breaches $9.2K as Open Positions on CME Futures Hit 10-Month High
BitMEX Is Making Bitcoin Network More Expensive for Everyone, Researcher Finds
ChromaWay Expands Effort to Put Latin American Land Records on the Blockchain
ASX Accused of Trying to ‘Crush’ Rival Blockchain Trading System
For early access before our regular noon Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica or RSS.
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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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Dogecoin turns lower after failing to hold $0.124

Traders are watching $0.122 as support and $0.1243–$0.1255 as the levels DOGE needs to reclaim.
What to know:
- Dogecoin inched up about 0.6 percent over the past 24 hours but remained stuck in a tight trading range as broader crypto sentiment, rather than token-specific news, drove price action.
- Late-session selling pushed DOGE back below short-term support at $0.1243, turning that level into near-term resistance and signaling fading upside momentum within an overall consolidation.
- Traders see DOGE as range-bound while $0.1222 holds, with a break below $0.12 viewed as a potential trigger for a deeper pullback and a reclaim of $0.1243 needed to reopen a test of $0.1255.










