The third quarter of 2024 has been tumultuous for the crypto market, with significant selling pressures and regulatory uncertainties affecting bitcoin and other digital assets. Coinbase Institutional reports that indiscriminate selling by the German government and the Mt Gox Rehabilitation Trust repayments have contributed to market volatility. Coinbase Institutional Highlights Bitcoin Sales Impact on Crypto […]
NFT Sales Rise 8% Higher Amid Broader Crypto Market Downturn
Over the past week, non-fungible token (NFT) sales have increased despite the significant decline in the broader crypto market. Approximately $ 109 million in NFT sales were recorded, marking an 8.1% rise from the previous week. NFT Transactions Surge 45.57% as Weekly Sales Hit $ 109M NFT sales rebounded in the past seven …
German MP Criticizes Bitcoin Sales, Urges Government to Hold BTC as Reserve Asset
A German parliament member, Joana Cotar, has criticized the government’s decision to sell seized bitcoin on a large scale, advocating for the cryptocurrency’s use as a strategic reserve. She invited key political figures, including Chancellor Olaf Scholz, to a lecture on bitcoin’s advantages for nation-states, aiming to shift policy toward embracing cryptocurrency as a reserve […]
NFT Sales Take a Hit — Last Month’s Sales Dropped 46% Compared to May
Although non-fungible token (NFT) markets showed improved performance over the past week, June’s sales figures were significantly worse compared to May. Over the last 30 days, NFT sales have decreased by 46.31%. June’s NFT Market Faces Steep Decline June proved to be challenging for digital collectible sales, experiencing a 46.31% drop compared to May, which […]
Court Dismisses SEC Claim on Secondary Sales of BNB
The U.S. District Court for the District of Columbia has dismissed several claims in the U.S. Securities and Exchange Commission (SEC)’s case against Binance and its affiliates. This includes allegations related to secondary BNB sales and the sale of the stablecoin BUSD. However, the majority of the claims against the crypto exchange will proceed. Some […]