The native SUI token is trading at $3.33, down by 3.89% in the last 24 hours. This is accompanied by a significant slump in trading volumes, now standing at $1.02 billion and down by 36.64%. The last seven days have seen the asset decline by 1.95%, indicating a minor pullback after a series of consistent […]
Nfts
OpenSea Fires Back at SEC: We’re Not a Securities Exchange
OpenSea urges the SEC to exclude NFT marketplaces from regulation under federal securities laws. In the letter addressed to SEC Commissioner Hester Peirce, the platform argued that the majority of NFTs are unique and are acquired for personal use, not investment purposes, and shouldn’t be treated as securities. Secondly, it doesn’t fall under a Securities […]
Hedera Crack Open $90B Whiskey Club for Everyone
Hedera-backed NFT marketplace is set to tokenize the whiskey market worth $90 billion, making inaccessible markets accessible. Recently, Jeremy Kadouch, co-founder of Cask Capital, shared insights on turning Scotch whisky casks into real-world assets on-chain. In a recent interview with ALLINCRYPTO, Kadouch stated that by leveraging the Hedera blockchain, collectors and investors can access high-quality […]
Sony Unveils Soneium Mainnet for a Seamless Web3 Experience
Key Takeaways Sony Block Solutions Labs has officially launched the mainnet for Soneium, a layer-2 (L2) blockchain platform built on the Optimism Foundation’s OP Stack. The platform integrates Sony’s NFT-based Fan Marketing Platform and Soneium Spark, designed to empower creators, developers, and fans in the Web3 space. By offering an intuitive interface and enhanced blockchain […]
OpenSea vs. SEC: The Battle Over NFT Regulation Intensifies
In a dramatic ramping up of its regulatory actions, the U.S. Securities and Exchange Commission (SEC) has issued a Wells notice to OpenSea, a warning that the regulator intends to sue the leading NFT marketplace. According to the SEC’s opinion, the NFTs exchanged on the OpenSea platform might be considered securities, a step that would […]
Smart Whale’s $395M Bitcoin Buy Amidst Bullish Predictions: Retail Interest Dips
In a stunning move amidst the recent market turbulence, a wise investor, known in crypto circles as the “smart whale,” has made waves yet again by purchasing a staggering 6,070 Bitcoin (BTC) worth approximately $395 million. This acquisition marks the first major Bitcoin buy for the enigmatic whale in over 1.5 years, signaling a strategic […]
NFT Lending Titans: Blend Leads Market Surge with $2.1B Volume in Q1 2024
As Non-Fungible Tokens (NFTs) rapidly proliferate, lending platforms have emerged as vital facilitators of liquidity and investment prospects. According to recent CoinGecko data, Blend has established itself as the unrivaled leader in this niche market, commanding an impressive 92.9% share as of March 2024. Blend’s Rapid Rise: A Leading Force in NFT Lending Blend’s trajectory […]
Polygon Dominates NFTs: 16M Minted In 6-Month
Polygon has solidified its position as the leading blockchain for non-fungible tokens [NFTs], clinching the top spot, according to data from Coin98 analytics. The scaling network has demonstrated unparalleled performance by minting over 16 million NFTs, outpacing all other blockchains. Notably, this achievement comes after a notable surge in the NFT sector since December 5, […]
Crypto Surge 2023: Global Adoption Soars 34%, Bitcoin & Ethereum Lead
In 2023, the global cryptocurrency landscape witnessed remarkable growth, with the number of cryptocurrency owners surging by 34% to reach a staggering 580 million by the year’s end, as reported by Crypto.com. This notable increase, up from 432 million in January, defied prevailing macroeconomic challenges such as stringent monetary policies by Western central banks, ongoing […]
Crypto Outlook 2024: Binance Highlights 8 Key Themes For Progress
In its latest report titled “Full-Year 2023 & Themes for 2024,” Binance Research has highlighted key areas of growth and development in the crypto space, outlining eight themes expected to drive significant progress throughout the coming year. The crypto market witnessed a remarkable turnaround in 2023, boasting a 109% increase in total market cap, driven […]