The cryptocurrency $PENGU surged 28% following the U.S. Securities and Exchange Commission's (SEC) acknowledgment of Canary's spot PENGU ETF filing. This acknowledgment is a critical step in the ETF approval process, signaling potential regulatory progress that could influence $PENGU's market valuation. The news, reported on July 10, 2025, underscores the significant impact that regulatory developments can have on cryptocurrency prices.