Global NFT sales fell this week as overall market activity weakened. According to CryptoSlam, total sales dropped 5.41% to $79.31 million, down from $84.44 million last week. The decline came even as the number of active participants increased sharply. NFT buyers rose by 989% to 222,294, and sellers climbed by 714% to 189,963. However, total transactions fell by 20.92% to 1.09 million, showing that trading volume weakened despite higher user activity. The drop in NFT sales also followed a broader downturn in the crypto market. Bitcoin fell to around $96,000, and Ethereum slipped below $3,200, contributing to lower confidence across…
Author: Sazid Kabir
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Ethereum-focused firm BTCS Inc. posted record revenue and net income for Q3, reporting $4.94 million in revenue—up 568% year-over-year—and $65.6 million in net income. Most of the gains came from $73.7 million in unrealized profits on its Ethereum holdings, which now exceed 70,000 ETH. The Nasdaq-listed company runs three main divisions: Builder+ for block-building, NodeOps for staking, and Imperium for DeFi revenue. Builder+ drove 68% of revenue, while Imperium contributed 15% in its first full quarter. BTCS became the first public company to integrate the DeFi protocol Aave into its balance sheet, using it for ETH-backed liquidity and yield without…
BlackRock’s $2.5 billion USD Institutional Digital Liquidity Fund (BUIDL) is now available on Binance and the BNB Chain, Securitize announced Thursday. The fund, backed by U.S. Treasuries, can be used as collateral for trades on the world’s largest cryptocurrency exchange, giving institutional investors a new tool to manage digital assets. BUIDL debuted last March as a tokenized money market fund and has since expanded to eight blockchains. Its integration into Binance and BNB Chain adds a widely requested interest-bearing, stable asset to the exchange for institutional clients. “We’re continuing to bring regulated real-world assets on-chain while unlocking new forms of…
An Oklahoma man has been sentenced to five years in prison for leading a $9.4 million cryptocurrency investment fraud scheme. Travis Ford, 36, CEO and co-founder of Wolf Capital Crypto Trading LLC, promised investors exaggerated returns of 1%-2% per day. Prosecutors said Ford knew these returns could not be consistently achieved and misappropriated investor funds for personal gain. Ford raised money in 2023 from around 2,800 investors through the company’s website and social media platforms. At one point, he attempted to reassure investors by claiming their funds were safe, stating in a court filing: “[E]verything is safe and I will…
Pi Coin is trading near $0.2168 after dropping 48% in three months, making it one of the weakest performers among the top 50 cryptocurrencies. Analysts say the project is losing momentum because of low trading activity and limited market demand. Pi Network’s model of distributing free tokens has also created supply and liquidity problems. The team recently introduced a guide for creating tokens ahead of the Mainnet v23 update, but critics say the changes do not fix core issues such as unclear utility and a weak economic model. On-chain data shows declining activity. The top 100 transactions in the past…
Newly released emails show that Jeffrey Epstein was deeply concerned about cryptocurrency regulation and taxes before his death. The convicted sex offender sought the help of Steve Bannon, former chief strategist to President Trump, to influence U.S. crypto policy in 2018. Epstein framed cryptocurrency as both a domestic tax issue and a global concern. In February 2018, he emailed Bannon asking whether the U.S. Treasury would respond to his questions about crypto or if another way was needed to get advice. Bannon replied that the matter was being handled at the National Security Council. Epstein noted that the Treasury’s office…
Bitcoin continued its decline on Friday, dropping more than 24% from its record high above $126,000 reached in October. The world’s largest cryptocurrency briefly fell below $95,000 during the session before recovering slightly to trade above $96,000. The fall came as global markets faced a sharp sell-off. Investors remain uncertain about when the Federal Reserve will cut interest rates, and that uncertainty is putting pressure on risk assets, including cryptocurrencies. New data showed that bitcoin exchange-traded funds (ETFs) saw their second-largest daily outflows on Thursday. The token has also struggled since last month’s steep drop, which was caused by leveraged…
Cathie Wood has made another bold move in the crypto market. Despite a sharp sell-off in tech stocks, the ARK Invest CEO bought more than $31 million worth of crypto-related shares this week. On November 12, ARK Invest purchased over $30 million in shares of Circle Internet Group. Circle is the company behind USDC, the world’s second-largest stablecoin. Its stock fell more than 4% that day, giving Wood an opportunity to buy at a lower price. One day later, on November 13, ARK Invest expanded its buying spree. The fund bought: The three companies are major players in the crypto…
Cardano’s ADA token is trading near its lowest level in a year, as wider crypto markets face sharp declines following Bitcoin’s fall below $100,000 for the first time in six months. ADA dropped to around $0.50, a key support level that analysts say could determine its next major move. If the price falls below this zone, traders warn it could lead to a deeper decline. The token has already fallen from about $0.70 in recent months. Despite the market weakness, blockchain data shows large investors are accumulating ADA. Whales recently purchased more than 348 million ADA—worth roughly $200 million—representing nearly…
Nearly a quarter of adults with internet access in the Asia Pacific region may own cryptocurrency, according to a new report by Protocol Theory and CoinDesk. The survey, covering 4,020 people across 10 countries—including India, Thailand, the Philippines, South Korea, Hong Kong, Singapore, China, Australia, Japan, and the UAE—suggests crypto adoption is driven largely by limited access to traditional financial services. Stablecoins are used by around 18% of adults in emerging markets in the region. The report noted that the pace of adoption will depend on how easily digital assets can be used in everyday life. “Participation is now shaped…