Abstract will shut down on Dec. 15 despite onboarding more than 400,000 users, hosting 144 apps, and landing brands including Disney and Red Bull Racing. The consumer-focused Ethereum layer-2 (L2) cited stagnant growth, thin liquidity, restricted...
Abstract, a blockchain built for consumer crypto apps, is shutting down after almost three years. It joins hundreds of crypto projects that have already closed in 2026.
The news has turned attention back to Pudgy Penguins. The non-fungible token...
Pudgy Penguins token PENGU climbed 62.1% over the past week and now trades near $0.0095. Traders link a cryptic post from CEO Luca Netz to the company’s stated ambition of a public listing.
The token added roughly 15% in the last 24 hours alone....
Former Ferrari chairman Luca di Montezemolo warned that the brand’s first all-electric car risks “the destruction of a legend,” adding sarcastically that at least the Chinese would not copy it.
The Luce, unveiled in Rome on May 25, is priced at...
