Magic Eden Surges to Top Spot in NFT Market, Records Stellar $756M Trading Volume in March

Magic Eden, a Solana-based NFT marketplace, achieved its highest monthly trading volume in March, outpacing Blur with a 194.4% increase to $756.5 million, attributed to its Diamond reward program and support for creator royalties. This surge led Magic Eden to become the top NFT marketplace by trading volume, dethroning Blur for the first time since […] Source CryptoX Portal

Bitcoin Wizards dominates crypto and NFT scenes with impressive gains

A new Bitcoin (BTC) ordinals project called Bitcoin Wizards, and its native token WZRD, are dominating both the crypto and non-fungible token (NFT) sectors after recording significant gains over the past day. WZRD is up by 88% in the past 24 hours and is trading at $9 at the time of writing — making it the top gainer among the leading 500 cryptocurrencies. The asset briefly touched an intraday high of $113.8 at around 09:30 UTC on April 16 after its trading activity skyrocketed.  WZRD price – April 17 |…

SEC secretly investigated NFT developer Dapper Labs in 2023

The SEC secretly investigated Dapper Labs in September but closed the case in December 2023. The document, acquired by Fortune and referred to as a “Case Closing Report,” was signed off by David Hirsch, head of the SEC’s Crypto Asset and Cyber Unit, on Sep. 29, 2023. The report did not detail the reasons for the SEC’s inquiry into Dapper Labs, its initiation date, or the factors leading to the investigation’s termination. Dapper Labs is behind high-profile NFT projects such as NBA Top Shot and CryptoKitties. The specifics behind the SEC’s probe into…

Ark Invest’s ETF Holds Unique ‘Bitcoin Puppet’ NFT Worth Over $27,000

According to onchain metrics, Ark Invest’s holdings in its spot bitcoin exchange-traded fund (ETF) include several inscriptions, among them an Ordinal inscription from the “Bitcoin Puppet” digital collectible series, valued at $27,900. Similarly, Blackrock’s IBIT possesses an Ordinal inscription from the “Speculum Aeternum” non-fungible token (NFT) collection. Spot Bitcoin ETFs Are Holding Unique NFT Inscriptions […] Original

Bitcoin NFT Market Thrives, Franklin Templeton Remains Bullish, Binance Ends Support

Franklin Templeton’s digital assets division has released a note to its investors introducing Bitcoin-based non-fungible tokens (NFTs), highlighting a surge in activity within the Bitcoin ecosystem.  The asset manager attributes this increased momentum to various factors, including the emergence of Bitcoin (BTC) NFTs called Ordinals, the development of new fungible standards like BRC-20 and Runes, the growth of Bitcoin Layer 2 (L2s) solutions, and the expansion of decentralized finance (DeFi) applications built on the Bitcoin network. Bitcoin Ordinals Shine According to the Bitcoin ETF issuer’s report, activity in the Bitcoin…

Binance to delist Bitcoin NFT collections

Binance’s NFT marketplace will end all support for Bitcoin NFTs from this month amid declining market trends.  Starting April 18, Binance NFT will not accept trades or deposits for Bitcoin-based NFT collections. The platform has issued guidance for its users, urging them to transfer their Bitcoin NFTs out of the marketplace using the Bitcoin network by May 18.  Binance will also automatically cancel all orders for listings affected on the mentioned date. The marketplace also stated that after April 10, it will halt support for additional airdrops, perks, or features…

Binance NFT to Halt Bitcoin NFT Activities, Focus Shifts Away From BTC-Based Collectibles

In a recent announcement by Binance on April 4, 2024, the firm disclosed its decision to halt support for Bitcoin-based Ordinal non-fungible token (NFT) collectibles within its NFT marketplace. The directive from Binance calls for users of its NFT marketplace to withdraw their Ordinal inscriptions by May 18, 2024. Binance NFT Marketplace to End Ordinal […] Original

Activity Is Beginning to Accelerate in the Bitcoin NFT Space: Franklin Templeton

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