Author: NBTC

A Polygon-based non-fungible token (NFT) collection called MKgirl led the market in daily sales on Aug. 25, with sales hitting US$1.1 million. The collection had 421 total transactions but only had four unique sellers, CryptoSlam data shows. MKGirl launched on Aug. 24 and has 233 active owners. The second-ranking collection for the day was DMarket, with sales reaching nearly US$792,000 across 27,387 transactions. This collection now has an all-time sales volume of over US$495 million, less than US$5 million from becoming the 14th collection to join the half-billion dollar club. Mythos Chain, where DMarket resides, became the 11th network to…

Tokenized asset markets have reached a new all-time high, surpassing $10.9 billion. This represents a 37.1% increase from the roughly $8 billion at the start of the year. The surge is largely driven by heightened demand for private loans and U.S. Treasury debt. Currently, private credit makes up $8.1 billion of the market, while tokenized Treasuries account for $1.9 billion. Other tokenized asset classes remain under $1 billion each. Tokenized U.S. Treasury debt has grown significantly since the March launch of the $BUIDL fund. In just five months, this sector has expanded by $1.1 billion. The rise in tokenized Treasuries…

The first “closed beta test” for Ragnarok: Monster World—a mobile game based on the popular Ragnarok Online role-playing franchise—isn’t very closed after all. But it is pretty fun. Built with optional NFT assets on Ethereum gaming network Ronin, Ragnarok: Monster World delivers a simple, streamlined strategy experience for iOS and Android that’s more than a little bit reminiscent of Supercell’s mobile smash, Clash Royale. Getting into the weeklong beta test doesn’t require ownership of NFTs, nor any kind of approval from the developer to get started. There is an extra hoop or two to jump through compared to fully released…

Hong Kong-based online brokerage Futu Holdings Limited (Nasdaq: FUTU) announced its second-quarter results today (Tuesday), surpassing analyst expectations and prompting an increase to its full-year outlook. The company reported a 25.9% year-over-year (YoY) increase in total revenues to $400.7 million), driven by strong growth across its key business segments. Net income rose 8.0% to $154.9 million, while non-GAAP adjusted net income grew 8.6% to $166.0 million. This also marks an increase compared to the first quarter of the current year, when net profit stood at $132.3 million, and revenues amounted to $331.3 million. Futu’s client base continued to expand rapidly,…

The Malaysian police are destroying Bitcoin mining rigs as part of a broader crackdown on crypto miners who steal electricity for their operations. A report from local media, Malaysia Gazette, disclosed that the police headquarters in the Perak District crushed 985 mining rigs worth RM1.98 million ($452,500) earlier this week. A video on the platform’s X account showed the machines being crushed with a steamroller with local officials present. Malaysian Authorities Destroy Mining Rigs The Perak Tengah District Police chief said the department had received an order from the court to destroy the mining equipment. Authorities confiscated the rigs during…

As Bitcoin (BTC) tries to recover from the sharp decline in early August, its volatility has also increased recently. Despite Bitcoin’s recent volatility, analysts said institutional investors remain committed to Bitcoin. Despite Rising Volatility, Institutions Continue to Accumulate Bitcoin! Despite the rising volatility, institutional investors continue to invest in BTC and maintain their existing spot Bitcoin ETF holdings, according to analysts. Speaking to The Block, Bitwise European Head of Research André Dragosch said that institutional investors are not shying away from the increased Bitcoin volatility and are staying pretty steady and not selling their BTC. The majority of institutional investors…

Celia Inside has launched a new music NFT collection on Celosphere, marking a significant moment for the platform. The launch and collection include 1,000 NFTs, priced at 3 CELO (CELO) each, 500 of which feature the original track and 500 of which showcase a remix. These NFTs are among the first music NFTs available on Celosphere, making this launch notable in the platform’s history. Music NFTs, digital tokens representing ownership of a specific track or album, are gaining traction in the web3 space. They offer artists new ways to engage with fans and monetize their work directly. These NFTs can…

As Fed Chairman Jerome Powell prepares to deliver his highly anticipated speech at the Jackson Hole symposium today, the Fed is reportedly considering two different paths for monetary policy in the coming months, according to views shared by journalist Nick Timiraos, who is often considered the “spokesperson for the Fed.” The Fed could opt for gradual rate cuts, cutting rates by a quarter point at each of its upcoming meetings and adjusting the pace depending on how the economy performs early next year, he said. But if the economy declines more sharply, the Fed could consider larger, half-point cuts to…

Ronin-based massively multiplayer online role-playing game (MMORPG) Forgotten Runiverse is entering open beta on Monday, with the move positioned as a significant step forward in the franchise’s quest to become a household name. “I see this open beta as our first real coming out party,” Bearsnake, pseudonymous co-founder and COO of Forgotten Runes—the broader universe which Forgotten Runiverse falls under—told Decrypt’s GG. “The biggest swing for the IP to date is this open beta. It’s going to be the thing that we really hang our hat on.” Snake acknowledges that Forgotten Runes already has a globally distributed comic book series,…

Upbit, a leading global digital asset exchange, has announced the listing of two new memecoins on the USDT market: Brett (BRETT) and Pepe (PEPE). Upbit Lists Brett (BRETT) and Pepe (PEPE) With Free Withdrawals for the First 24 Hours This listing offers users the opportunity to exchange tokens with special benefits and limited-time conditions. Upbit will offer free withdrawals for both Brett (BRETT) and Pepe (PEPE) for the first 24 hours following the start of trading. After this time, standard withdrawal fees will apply. Users are advised to confirm the correct network before making any deposits or withdrawals, as transactions…