Major NFT Collections Post Double-Digit Monthly Losses as Floor Prices Drop
Losses in the NFT markets have exceed ether’s decline, which is down 9.6% on-month.Source
SOL, ADA Lead Crypto Majors’ Gains as Bitcoin Traders Move Past $1B Liquidation Event
Both tokens rose 3%, bitcoin and ether added as much as 1.2%, while bnb (BNB) rallied 1% after staving off concerns about contagion risks in the BNB Chain ecosystem.Source
Pendle Finance Users Can Now Profit From Real World Assets
Pendle will use MakerDao’s boosted Savings (sDA) and Flux Finance’s fUSDC in its first real-world assets (RWA) based product.Source
FTX Taps Galaxy to Sell, Stake and Hedge Its Crypto Billions
The bankrupt exchange wants to return funds to creditors in dollars without denting value.Source
Bitcoin Climbs 3% to $26.6K; SOL, NEAR, ADA Lead Crypto Market Gains
Despite today’s market-wide advance, the outlook for risk assets is pointing to softer prices for the next few weeks, one observer noted.Source
AI-Related Tokens Hold Gains After Nvidia’s Big Beat Solidifies Bullish Outlook
The tokens such as FET, GRT, AGIX rose/fell tktkSource
Shopify Customers Can Now Pay In USDC Via Solana Pay
Solana Pay, the payment protocol built on the Solana blockchain, is now plugged into e-commerce giant Shopify, allowing users to pay in USD Coin (USDC), the companies announced Wednesday.Source
FTX Bankruptcy Burning Through $1.5M in Legal Costs Every Day
Creditors are lamenting the rapid drain of cash from the global exchange’s bankruptcy as the process stretches over more months.Source
The Protocol: Coinbase Blockchain’s Viral Use Case Puts Focus on Optimism’s Tech
The week in blockchain tech: Crypto-fueled social marketplace Friend.tech goes viral on Coinbase’s new Base blockchain, Shiba Inu community’s “Shibarium” network aims for fresh start, and Ethereum experts handicap the competition between leading technologies for layer-2 networks.Source
DAI Stablecoin Surpasses $5B Market Cap on Higher Yield, Lifting Spark Protocol
The recently-introduced Enhanced Dai Savings Rate reversed some of the token’s decline in market value.Source