NFT

On March 9, the Seoul Central District Court is set to review a petition from Flow Foundation and Dapper Labs aimed at stopping three Korean exchanges from ending FLOW trading on March 16. The move follows a December security incident that led to $3.9 million in duplicated tokens, which were later destroyed, while major global exchanges have since reinstated full FLOW services. Despite ongoing development on the Flow blockchain by brands such as Disney, the NBA, the NFL, and Ticketmaster, the FLOW token has fallen about 75% since late December and sits far below its 2021 peak.

On March 6, 2026, PEI Licensing, parent company of the Original Penguin brand, filed a trademark infringement lawsuit against Pudgy Penguins in the Southern District of Florida, seeking a jury trial and profit disgorgement. The complaint alleges unauthorized use and attempted registration of penguin-related marks on apparel and related goods, while the PENGU token price around $0.00721 has largely shrugged off the legal action over the past 24 hours. The case emerges as Pudgy Penguins expands from its 8,888-piece Ethereum NFT collection into physical merchandise, a Solana-based PENGU coin, and major retail and brand partnerships.

On February 28, 2026, XRP Ledger developer and Xaman founder Wietse Wind warned XRP wallet users about scams using fake NFT "passes" and imitation Xaman domains to drain funds. He urged holders to cancel unsolicited offers, avoid interacting with suspicious NFTs and never share wallet secrets or sign unclear transactions.

Pudgy Penguins (PENGU), the meme-inspired token tied to the popular NFT ecosystem, is generating renewed buzz in the crypto space amid volatile market conditions. As of late February 2026, the token has shown short-term resilience with recent price gains, drawing attention from traders and NFT enthusiasts despite broader altcoin pressures.PENGU's Recent Performance

On Feb 24, 2026, William M. Peaster outlined how NFTs, as flexible onchain ownership records, are spreading beyond art and PFPs. Citing Paul Brody's "Everything will be an NFT" tweet posted this morning, he highlighted 12 live projects using ERC-721, ERC-1155, and ERC-6551 to power finance and business functions.

Developers have proposed XLS-56d to add Batch Transactions to the XRP Ledger, enabling atomic bundling of up to eight transfers for more predictable outcomes. The amendment remains under validator voting, and a bug discovered prior to activation led to a temporary veto recommendation. A software update is expected next week to deprecate the current version before a fixed release.

On-chain analytics platform Parsec confirmed in an X post on a Thursday that it will shut down after operating for five years, with CEO Will Sheehan citing a misalignment with the industry's evolving focus. The firm, backed by Uniswap, Polychain Capital and Galaxy Digital, had concentrated on DeFi and NFTs, segments that have seen lower leverage and weaker sales volumes compared with prior peaks.

The IRS's new Form 1099-DA introduces standardized reporting for digital asset sales, emphasizing gross proceeds for 2025 activity. Many cost basis fields may remain blank, leaving taxpayers to reconstruct acquisition records across wallets and venues. The rollout is reshaping filing behavior and raising concerns about confusion and potential overpayment as people import forms into tax software.

R3E Network founder Jimmy Liao launched a Neo N3 Red Envelope app to mark Chinese New Year, letting eligible wallets open packets for GAS rewards. The featured pool holds 100 GAS across 100 claim slots, gated to wallets that have held at least one NEO for more than one day, with GAS donated by Neo News Today.

Utility token PENGU rose 10.06% over the last 24 hours, rebounding 13.19% from a $0.0061 low on 12 February to about $0.0069. In the same week, Pudgy Penguins' NFT sales volume fell by just over 28% while the floor price stayed at 4.20 ETH. Despite the bounce, the 1‑day trend remains bearish.