MARKETS TODAY: BITCOIN, ETHER HOLD GAINS AS ETHENA HITS $11.9B TVL, PUDGY PENGUINS RACE TO F1

Futures data signals profit-taking in Bitcoin $BTC and Ether $ETH as open interest declines, while DeFi protocol Ethena surpasses $10B in TVL and meme token PENGU gains high-speed visibility at the Singapore Grand Prix.