Pudgy Penguins launches cross-chain transactions for Polygon, BNB Chain, Arbitrum

Pudgy Penguins announced that it is using Layer-0 to allow cross-chain transactions on adding Polygon (MATIC), BNB Smart Chain, and Arbitrum (ARBI) to improve access for people beyond the Ethereum (ETH) blockchain.

Timeline of , Bnb, Polygon

On 24 January, Bloomberg published an article detailing how Binance held users' and collateral backing some pegged tokens. Per Bloomberg, the reserves for nearly half of the 94 Binance-peg tokens (B-Tokens) issued by the exchange are held in a cold wallet known as Binance 8.

Bitcoin [BTC] dropped from $23k to below $22.5k on Tuesday, pulling the altcoin market into a short-term plunge. Binance Coin [BNB] declined by 9% in the same period, dropping from $323 to $293.

Cryptocurrency wallets are the most straightforward option for users to engage in self-custody. However, the traditional approach of seed phrases and recovery seeds warrants improvements.

Uniswap (UNI), a decentralized protocol, is ready to roll out the third version of its platform. The protocol aims to provide a suitable platform where users can seamlessly swap ERC-20 tokens without using an order book.

New data provided by Token Terminal suggested that Polygon [MATIC] witnessed a significant increase in daily active addresses, ranking second after Binance Coin [BNB]. One potential reason for this increase could be Polygon's presence in the DeFi space.

Bitcoin [BTC] continued to stay above the $23k mark, as bulls could wait for a move above $23.2k to buy into the bullish momentum. Conversely, they could wait for a drop to $22k before buying.

Low prices can be seen across the crypto markets right now, which means one thing and one thing alone: the best cryptos to buy now are on sale, and investment returns could be major from this price level.

Binance Coin (BNB/USD) has sustained its bullish trend amid reports by Bloomberg that the Binance exchange mistakenly mixed client funds with Binance-peg tokens (B-Tokens) collateral. At press time, the BNB token was up by 3.34% in the past 24 hours to trade at $313.24.

Polygon price is heavily consolidating along the upper resistance that appears to be crucial as it displays coins' potential to barge through the levels ahead. Despite significant bullish pressure, the MATIC price continued to sustain above $1 flashing bullish signals for the next few days.

According to a report by Bloomberg, crypto exchange Binance has announced that one of its fiat trading partners, Signature Bank, will no longer be processing transactions of less than $100,000 as the bank attempts to reduce its exposure to the cryptocurrency market. Binance said this is a broad action affecting all crypto exchanges dealing with Signature bank.