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The swoosh just got dragged into a legal mess, and NFT holders want blood. Nike is facing a class-action lawsuit in Brooklyn over the collapse of RTFKT, its high-profile NFT venture. Investors say Nike hyped the platform, then killed it—leaving them stuck with heavy losses. Allegations range from false advertising to selling unregistered securities. This … Read more
Despite the broader crypto market’s upward movement, the NFT market is struggling, with sales volume dropping by 6.15% to $89.4 million. At press time, Bitcoin (BTC) is above the $94,000 level. Ethereum (ETH) is up 0.4% and just below the $1,800 level. The global crypto market cap is now $2.97 trillion, up from last week’s … Read more
The Pudgy Penguins token has bounced back this week, soaring to its highest level since February as its NFT sales have jumped. Pudgy Penguins (PENGU) price soared to a high of $0.010, up over 167% from its lowest level this month. This rally occurred in a high-volume environment, with the 24-hour trading volume rising by … Read more
Zora, the Ethereum-based platform known for its creator-friendly approach to non-fungible tokens and onchain content, has announced it will launch its long-awaited token, ZORA, on Apr. 23, 2025. According to an Apr. 21 post shared on X, the token distribution will be based on two snapshots of user activity. The first snapshot covers contributions from … Read more
Despite the modest crypto market recovery, the NFT market sales volume has dropped by 4.7% to $95.9 million. Bitcoin (BTC) has recovered to the $85,000 level. At the same time, Ethereum (ETH) has shown a modest 2.4% recovery in the last seven days and is hovering at the $1,600 level. The global crypto market cap … Read more
A US man from Pennsylvania is facing up to six years in prison after pleading guilty to filing false tax returns to the Inland Revenue Service (IRS) that hid millions of dollars in income from sales of Crypto Punks NFTs. In federal court on April 9, Waylon Wilcox, 45, admitted to underreporting over $13 million … Read more
A US man from Pennsylvania is facing up to six years in prison after pleading guilty to filing false tax returns to the Inland Revenue Service (IRS) that hid millions of dollars in income from sales of Crypto Punks NFTs. In federal court on April 9, Waylon Wilcox, 45, admitted to underreporting over $13 million … Read more
The NFT market is feeling the impact of the broader crypto slump, with sales volume decreasing by 4.7% to $94.7 million. According to data from CryptoSlam, this is a continued downward trend from the previous week’s $102.8 million. The drop extends beyond just sales volume, with NFT buyers plummeting by 77.9% to 128,244, and NFT … Read more
A rare CryptoPunk NFT just sold for $6 million at a staggering $10 million loss amid the continued slide in NFT prices. CryptoPunk #3100, one of just nine Alien Punks in the original 10,000-piece collection, was sold for 4,000 Ethereum (ETH), worth about $6.07 million at the time of sale, according to an Apr. 10 … Read more
OpenSea has called on the United States Securities and Exchange Commission to make it official that NFT marketplaces aren’t exchanges or brokers under US securities laws. “We propose that the SEC clearly state that NFT marketplaces like OpenSea do notqualify as exchanges under federal securities laws,” the non-fungible token marketplace said in a letter to … Read more
https://www.profitablecpmrate.com/nsirjwzb79?key=c706907e420c1171a8852e02ab2e6ea4