Author: NBTC

OpenSea, the top NFT marketplace, saw a big drop in trading volume for Ethereum NFTs, hitting its lowest level since May 2021 Trading activity for Ethereum-based NFTs plummeted by 99.1% from its peak in May 2022. OpenSea, the leading NFT marketplace, has experienced a significant downturn, in trading volume for Ethereum-based NFTs. Recent data reveals that the platform has an average daily volume of approximately 600 ETH, marking its lowest point since May 2021, predating the onset of the original NFT bull market. OpenSea is doing around 600 ETH of volume per day right now in ETH NFTs, the lowest…

Shiba Inu layer-2 blockchain solution Shibarium has witnessed an extraordinary surge in its key metrics, marking an 825% increase in daily transaction volume over the last 24 hours. Data from Shibariumscan reveals a remarkable rise in transactions, soaring from 8,060 to 66,880 within a single day, setting a new record as the highest daily transaction volume seen in the last five days. This surge in activity extends beyond transaction volume alone. The number of active accounts engaging with the network has also experienced a significant uptick, escalating by 25.77% from 714 to 898. Presently, Shiba Inu’s network boasts a staggering…

Web3-focused game Nyan Heroes announced the start of its Season 2 with its highly anticipated Ranked Mode, which will reward users with the token NYAN based on their performances. The ranked season will last until May 26. Season 2 introduces a host of new missions, rewards, and gameplay experiences, including the opportunity to earn seasonal CATNIP through daily and weekly missions. The game’s ranking system, based on Matchmaking Rating (MMR), is designed to match players with similar skill levels, ensuring fair and competitive play. As players win matches, they gain MMR, which can lead to higher ranks on the leaderboard,…

Fantasy.top and Pump.fun have emerged as leading cryptocurrency protocols, ranking among the top ten by fees and revenue generated. Despite being relatively new, both platforms have rapidly built large user bases and significant trading volumes, according to DefiLlama data. Fantasy.top, a decentralized exchange focused on trading cards of prominent crypto figures, now holds the seventh position. It trails behind Tron but surpasses BNB Smart Chain’s PancakeSwap. DeFiLlama reports that Fantasy.top generated over $924,000 in fees within the last 24 hours and over $9 million in the past month. Launched on May 1 by the pseudonymous creator Travis Bickle, Fantasy.top’s popularity…

Former President Trump’s unconventional foray into the world of non-fungible tokens (NFTs) continues to make headlines, with reports emerging of a lavish Mar-a-Lago dinner scheduled with supporters who splurged thousands on his “Mugshot Edition” NFTs. This event, while seemingly a detour from his ongoing legal battles, underscores Trump’s knack for leveraging his image for financial gain. Trump’s lamentations about his legal woes impeding his campaigning efforts clash with his penchant for profit-making endeavors. Despite expressing desires to hit the campaign trail, he seems equally drawn to capitalizing on his name and likeness. This duality in his actions adds another layer…

XRP has garnered a massive $1.2 million in inflows, a move that contrasts sharply with the significant outflows Bitcoin experienced in the past week. This trend highlights growing investor interest in alternative cryptocurrencies, or altcoins, as they seek to diversify their portfolios amid a backdrop of market uncertainty. The recent inflow into XRP is not just a routine occurrence but a signal of a broader sentiment shift among cryptocurrency investors. While Bitcoin has seen outflows totaling $904 million, XRP has managed to attract $1.2 million, showcasing the altcoin’s rising appeal. According to CoinShares’ most recent report, digital asset investment products…

Stablecoin issuer Tether has expanded its mining endeavors by collaborating with Swan’s Managed Bitcoin Mining service. According to the press statement, the firm has dedicated an undisclosed amount of substantial capital to establish its Bitcoin mining operations through Swan. Swan’s Managed Bitcoin Mining allows institutional investors to commit a minimum of $100 million to the Bitcoin mining ecosystem. Through the service, the firm plans to offer bespoke mining operations tailored to the specific needs of its clients. Since August 2023, Swan Mining has spent over $330 million to increase its mining capacity to 7.5 EH. However, plans are to increase…

In a significant enhancement to its digital asset management services, OKX, a prominent Web3 technology firm, announced on May 8, 2024, the full integration of its OKX Wallet with OpenStamp. This development marks a significant step forward in user accessibility and functionality, allowing for a seamless connection to OpenStamp’s diverse suite of services directly from the OKX Wallet web extension. OpenStamp is renowned for its comprehensive platform that amalgamates SRC20 inscription trading, NFT trading, and various launch platforms. By integrating with OpenStamp, OKX Wallet users can now easily navigate these features through web extensions available on both Chrome and Firefox…

Bitcoin and ethereum have recaptured some of their losses from the previous week, but a group of crypto assets have seen their values climb by double digits in the last seven days. About nine cryptocurrencies experienced increases of 20% or more, with ondo (ONDO) leading the charge with a 94% leap this week. The Week’s Biggest Crypto Gainers and Losers Currently, the crypto market stands at a valuation of $2.59 trillion, marking a 3.95% uptick in the past day. Today’s highest trading volumes, aside from BTC, ETH, and stablecoins, feature coins like SOL, BNB, XRP, BCH, and AVAX. While bitcoin…

North American bitcoin miner, Hut 8, said it mined 148 bitcoins, or 36% coins less in April than it did in March. Hut 8 primarily attributes the decrease in the number of mined bitcoins to the relocation of its proprietary miners, which were previously hosted at the Kearney and Granbury sites. The Halving Effect Hut 8, one of North America’s largest bitcoin miners, recently disclosed that its proprietary production for April fell by 36% to 148 bitcoins (BTC). The miner’s output for April suggests a realized hashrate of 3.44 EH/s, which is 51% lower than the 6.27 EH/s achieved in…