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Iran, Russia, North Korea, and other sanctioned countries boosted their use of cryptocurrency last year, according to Chainalysis.
Illicit cryptocurrency addresses received at least $154B in 2025, sanctioned entities accounted for about $104B of those flows.
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PEI Licensing, which operates the Original Penguin brand, alleged that Pudgy Penguins’ "unauthorized use and attempted registration of various Penguin word and design trademarks" constitutes a violation of laws designed to protect fair competition and trade practices.
The firm claims to have sent a cease-and-desist letter to the crypto brand as early as 2023.
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• US Unemployment Rate: 4.4%
Forecast: 4.3%
The figure came in slightly higher than expected — signaling a modest weakening in the labor market.
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“What we want to do is get such massive oil reserves in Iran out of the hands of terrorists.”
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