The non-fungible token (NFT) market had another weak week, with overall sales down 7.5% over seven days, reaching $121.4 million on June 1. Top Blockchains by Sales Volume Over the past seven days, Ethereum (ETH) has maintained its top spot as the leading blockchain for NFT transactions, surpassing Bitcoin (BTC) last week. According to data from CryptoSlam, blockchain maintained its lead with total revenue of $37.43 million, despite an 11.24% decline from the previous week. Bitcoin, the second most active blockchain in non-fungible token sales, fell 12.88% to $27.21 million. Solana-based NFTs generated just over $19 million in revenue, down…
Author: Crypto Flexs
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Posted 1 minute ago In ~ Ethena Labs USDe stablecoin, also known as a ‘synthetic dollar’ that maintains its peg through arbitrage mechanisms and yield-returning cash and carry transactions, has reached a token supply of $3 billion just four months after its public launch in February. The supply of stablecoins has increased by $1 billion since April 5, when it last crossed the $2 billion threshold. According to data from The Block, it is now on track to challenge DAI as the largest algorithmic or decentralized stablecoin. But to get there we need to add $2 billion in supply. In…
AI filmmakers gathered at the NFC Lisbon this week for the AI Film Academy’s first AIFA Awards, recognizing “the incredible diversity of stories and the fundamentally new visual language of AI.”The AImagine Best Film Award went to “Denny the Shark,” produced by Ethereal Moon, a collaborative duo comprised of Melody Bossan (aka LeMoon) and Dina Lockamy (aka Ethereal Gwirl).Bossan said that using AI has revitalized his “faded dream of becoming a filmmaker.” “She and Lockamy were both stay-at-home moms when we discovered AI Art and were immediately hooked,” she added.AI Film Academy co-founder Leo Crane said Bossan and Lockamy were…
Access on-chain data using wormhole queries Access to on-chain data is critical, especially for multi-chain applications. Historically, this process has been expensive and slow, primarily due to the need for on-chain transactions, high gas costs, and finalization times of the underlying blockchain. According to Wormhole, their new service, Wormhole Queries, aims to change this dynamic by allowing anyone to pull on-chain data as needed, streamlining development and significantly improving application performance. What is a wormhole query? Wormhole Queries provide instant access to data from multiple blockchains, drastically reducing latency and costs for verifiable cross-chain state…
Interest in Ethereum NFTs has declined significantly over the past month as sales have plummeted. The price of ETH remained stable, but network growth continued to decline. Despite the positive trend in Ethereum (ETH) price action over the past few days, the Ethereum ecosystem has been facing some major challenges. NFT trading volume begins to decline. Over the past month, total sales of Ethereum NFTs have decreased by 55%. Popular Ethereum NFT collections such as Bored Ape Yacht Club (BAYC), Mutant Ape Yacht Club (MAYC), and Crypto Punks have seen significant declines of over 40% in terms of sales and…
Cryptocurrency analysts highlighted: Chainlink’s incredible resilience It is predicted that the cryptocurrency is preparing for a 300% surge amid market volatility. bitcoinThe world’s largest cryptocurrency. Chainlink expected to rise 300% compared to Bitcoin Chainlink, a decentralized blockchain oracle network, has been gaining attention recently. innovative development Within the ecosystem. Popular cryptocurrency analyst Michael van de Poppe has expressed optimism about Chainlink’s native token. linkPredicting a major rally for cryptocurrencies.advertising Related Reading Sharing a price chart depicting the Chainlink (LINK)/Bitcoin (BTC) price movement from 2021 to 2025, Poppe made the prediction with X (formerly Twitter). post LINK is set to witness…
This article was published in Bitcoin Magazine. “The inscription problem”. click here To get an annual Bitcoin Magazine subscription.As I was scrolling through my timeline, I came across a guy who told me that I had taken an orange pill a while back. He was into drugs and gambling at the time. He heard me preach about Bitcoin and fell in love with it with an almost religious passion. Then, under the influence of a small dose of the Orange-Pill Truth, the sunlight of nature, the bitter reality, and the sweet high of the Orange Enlightenment, his life changed. He…
Share this article The spot Ethereum exchange-traded fund (ETF) has seen several developments this week since its listing approval on May 23. Most notably, Cathie Wood’s ARK Invest has discontinued its plans for a spot Ethereum ETF. ARK will continue to pursue further investor opportunities, a spokesperson said in an email.“ARK will not be pursuing an Ethereum ETF at this time,” the spokesperson said. “We will continue to evaluate efficient ways to provide investors with exposure to this innovative technology in a way that maximizes its benefits.”This comment follows 21Shares’ updated Form S-1 for its Ethereum product, which no longer…
One funding round that has particularly piqued my interest over the past two weeks has been Farcaster. The decentralized social networking protocol has raised the second-largest funding round in the cryptocurrency industry this year ($150 million Series A at a reported valuation of $1 billion), following Monad’s $225 million funding last April. I did. Such a significant round in unicorn valuation is not common in cryptocurrencies. So what’s so special about Farcaster and why are investors bullish about it?Farcaster was founded in 2020 by former Coinbase executives Dan Romero and Varun Srinivasan. They also developed an app called Warpcast on…
“SAB 121 effectively prohibits regulated banking institutions from providing digital asset custody at scale because it treats the assets as if they were owned rather than simply managed by the banking institution,” according to a letter sent to Biden on Friday. Several organizations signed. American Bankers Association and Financial Services Forum. “Institutions required to record deposited digital assets on their balance sheets are subject to higher capital, liquidity and other prudential requirements than their non-bank competitors.”