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Sales of non-fungible tokens (NFTs) dropped sharply in the first quarter of 2025, plunging 63% year-over-year. Still, a few standout collections defied the downturn and posted gains. NFTs recorded $1.5 billion in total sales from January to March 2025, down from $4.1 billion during the same period in 2024, according to data from aggregator CryptoSlam. …
Continue reading “NFT sales plunge 63% in Q1, but Pudgy Penguins, Doodles buck trend”
North Korea-affiliated hackers may have scaled back their operations in the second half of 2024 while preparing for what became the largest crypto hack in history. The crypto industry was rocked by the enormous hack on Feb. 21 when Bybit lost over $1.4 billion to the infamous North Korean Lazarus Group, which seems to have …
Continue reading “Lazarus Group’s 2024 pause was repositioning for $1.4B Bybit hack”
LY Corporation denied that its Web3 venture, Line Next, had entered into a business partnership with Soneium, a Sony-backed Ethereum layer-2 network. The statement, issued on March 28, followed media reports and social media coverage that suggested a partnership had been finalized between LY and Soneium. “These reports were based on an announcement made by …
Continue reading “LINE says it’s not in bed with Sony’s Soneium after all”
Bitcoin (BTC) risks falling into a fresh bear market as a large collection of BTC price metrics has produced a “bearish divergence.” In a social media discussion on March 27, Bitcoin commentators flagged troubling signals from the Capriole Investments’ Bitcoin Macro Index. Bitcoin Macro Index slump “not great,” says creator As BTC/USD struggles to return …
Continue reading “'Bitcoin Macro Index' bear signal puts $110K BTC price return in doubt”
Influencer Logan Paul should be allowed to continue a lawsuit accusing the YouTuber known as “Coffeezilla” of making defamatory remarks about Paul’s failed CryptoZoo project, a Texas magistrate judge said. In a March 26 report filed in a San Antonio federal court, Magistrate Judge Henry Bemporad recommended that federal Judge Orlando Garcia, overseeing the case, …
Continue reading “Coffeezilla shouldn’t duck Logan Paul suit over CryptoZoo claims: Judge”
Bitcoin will break past its $109,000 all-time high sooner than expected despite recent volatile US macroeconomic conditions, according to a crypto analyst. “The market may be underestimating how quickly Bitcoin could surge – potentially hitting new all-time highs before Q2 is out,” Real Vision chief crypto analyst Jamie Coutts told Cointelegraph. He said this forecast …
Continue reading “Market is underestimating how quickly Bitcoin will hit new ATH: Analyst”
South Carolina has become the latest US state to dismiss its lawsuit against crypto exchange Coinbase over its staking services, which had accused the crypto exchange of offering unregistered securities. The lawsuit was officially dismissed in a joint stipulation between the crypto exchange and the South Carolina Attorney General’s securities division on March 27. “South …
Continue reading “South Carolina dismisses its staking lawsuit against Coinbase, joining Vermont”
Darkweb threat actors claim to have hundreds of thousands of user records — including names, passwords and location data — of Gemini and Binance users, putting the apparent lists up for sale on the internet. The Dark Web Informer, a Darkweb cyber news site, said in a March 27 blog post that the latest sale …
Continue reading “Darkweb actors claim to have over 100K of Gemini, Binance user info”
The New York Stock Exchange (NYSE) has imposed a Short Sale Restriction (SSR) on GameStop after volume spiked to levels reminiscent of GameStop’s famous 2021 short squeeze. GameStop (GME) short sales volume — the total number of shares sold short within a specific timeframe — rose 234% over 24 hours, reaching 30.85 million shares sold …
Continue reading “GameStop stocks hit restrictions on NYSE after short volume rockets 234%”
The European Union’s insurance authority has proposed a blanket rule that would mandate insurance firms to maintain capital equal to the value of their crypto holdings as part of a measure to mitigate risks for policyholders. The new proposal — made by the European Insurance and Occupational Pensions Authority in a Technical Advice report to …
Continue reading “EU watchdog wants insurers’ crypto holdings 100% covered, citing volatility”
