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.
More For You
Ripple-linked XRP drops 5%, opening downside risk toward $1.70

Traders are watching $1.80 as near-term support, with $1.87–$1.90 now the key resistance zone.
What to know:
- XRP dropped about 5 percent from $1.91 to near $1.80 as bitcoin’s pullback sparked broad risk-off selling across high-beta tokens.
- The slide accelerated once XRP broke below key support around $1.87 on heavy volume, erasing last week’s gains before buyers stepped in near the $1.78–$1.80 zone.
- Traders now view $1.80 as a crucial support level, with a sustained move back above roughly $1.87–$1.90 needed to signal a corrective pullback rather than the start of a deeper decline.











