Gate News Bot announcement: According to Gate's official announcement on March 27, 2026 Gate will delist BDXN, PENGUIN, Snowball, CryingHorse, XION, BLAST, and ES perpetual futures trading markets on March 27, 2026 at 16:00 (UTC+8). According to the announcement, the aforementioned contracts will enter position-closing-only mode at 15:30 (UTC+8) on March 27, followed by trading suspension at 16:00 (UTC+8). The platform stated that upon delisting, all open positions will be automatically liquidated and settled at the average index price from the last 30 minutes before the contract goes offline. Unfilled pending orders will be automatically canceled. If price volatility is excessive during the last 30 minutes, the platform will select a larger time range average index price for settlement.

Pudgy Penguins has launched its flagship browser game Pudgy World, which is designed more as a casual mainstream game. The game is set in the virtual world "The Berg," where players complete quests and explore. Adopting a "game first" philosophy, it differs from traditional NFT game models. The market response has been positive, and it is expected to attract more regular players.

PEI Licensing officially files a lawsuit against Pudgy Penguins, accusing it of trademark infringement and dilution of the Original Penguin brand value. PEI states that Pudgy's use of related names and logos has caused consumer confusion, and despite a cease and desist letter, the other party continues to sell. PEI seeks compensation, and Pudgy has not responded yet.

Pudgy Penguins is facing a trademark infringement lawsuit filed by the parent company of Original Penguin, accusing it of using a similar penguin logo that could lead to brand confusion. PEI is requesting the court to dismiss Pudgy's trademark application and prohibit its use of the related logo. Pudgy has stated that it is surprised by the lawsuit and emphasized the obvious design differences and different market positioning. This case could become a key example of trademark protection for Web3 brands versus traditional brands.

Penguin PENGU continued its rebound on February 26, with a 7.8% increase, bringing the price close to $0.006722. Technically, it broke through the descending wedge pattern, indicating increased buying momentum. The Visa-supported Pengu Card has brought application prospects, but delays in approval related to NFT ETFs have limited potential capital inflows. Short-term resistance is at $0.00693, with support at $0.00644. Future movements should focus on these key levels.