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Crypto Custodian Bitgo Launches Staking for Dash, Algorand
Custodian service BitGo announced BitGo Staking, beginning with cryptocurrencies dash and algorand.
Автор William Foxley
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Crypto custodian BitGo has added staking to its services, beginning with cryptocurrencies dash and algorand, the company said. Through BitGo Staking, coin holders can earn between 7 and 13 percent annual returns.
A consensus mechanism first promoted by ethereum co-founder Vitalik Buterin, consensus mechanism Proof-of-Stake (PoS) rewards token holders with percent yields of a coin, depending on the length and amount held.
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Promoted as a more energy-efficient alternative to Proof-of-Work (PoW) – the consensus mechanism behind bitcoin – exchanges and custodians have slowly added staking rewards for PoS coins throughout the year. In March, Coinbase's custodial arm began offering staking with annual returns of around 6.6 percent.
BitGo said dash and algorand will earn staking rewards while in remaining in cold storage.
"In order to be a great custodian, we need to provide our clients with the ability to use their assets in custody," BitGo CTO Ben Chan said in a statement. "Staking provides our clients with returns on their investments without ever moving their assets out of custody."
As part of the initiative, BitGo acquired staking infrastructure firm Hedge. Through Hedge's assets, such as its hardware security modules (HSMs) often used instead of cold wallet solutions, clients can select BitGo's platform or choose a provider of their own.
Stake image via Shutterstock
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Pudgy Penguins is building a multi-vertical consumer IP platform — combining phygital products, games, NFTs and PENGU to monetize culture at scale.
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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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XRP bulls lose $70 million as Ripple-linked token plunges 7%
Traders are watching $1.74 as near-term support, with $1.79–$1.82 now the key resistance zone.
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- XRP slid about 6.7 percent to trade near $1.75 as a bitcoin-led crypto selloff triggered heavy long liquidations rather than token-specific news.
- The breakdown below former support at $1.79 came on exceptional volume, flipping the $1.79–$1.82 zone into resistance and signaling institutional participation in the move.
- Traders now view $1.74–$1.75 as key short-term support, with a hold likely leading to consolidation and a break opening downside toward $1.72–$1.70.
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