Cointime

Download App
iOS & Android

NFT

US FDIC report: Cryptocurrency use is more common among underbanked populations

the use of cryptocurrency will be most common among "underbanked" households in 2023, who use checks or non-bank loans to meet their banking needs. The Federal Deposit Insurance Corporation (FDIC) surveyed about 60,000 households and found that 6.2% of underbanked households use cryptocurrency, while only 4.8% of households with fully functioning bank accounts use cryptocurrency. Underbanked households are those who have bank accounts but also use non-bank financial services such as payday loans and check cashing. Last year, about 14.2% of American households (about 19 million) were considered underbanked.

Younger, more educated families, Asian and white families, and families with longer job tenures also have higher rates of cryptocurrency use. There are also differences in income levels, with 7.3% of households with incomes of $75,000 or more using cryptocurrency, while only 1.1% of households with incomes below $15,000 do. Among all households using cryptocurrency, the vast majority hold digital assets as investments, with only 4.4% using cryptocurrency for online shopping.

OpenSea users drop securities lawsuit after market demands arbitration

On November 7th, Anthony Shnayderman and Itai Bronshtein submitted a voluntary request to withdraw their securities lawsuit against Ozone Networks (operating under the name OpenSea) to the federal court in Florida. Previously, Judge Cecilia Altonaga allowed OpenSea to file a motion last month to force these two individuals to engage in arbitration.

OpenSea insisted on forcing these two users to engage in arbitration and claimed in a document in October that they agreed to its terms of use, which stated that all claims would be resolved by an arbitrator - including whether the claims should be arbitrated in the first place.

In the October document, the NFT market also stated that it "intends to act quickly to compel the plaintiffs to arbitrate their claims in the agreed-upon forum" and will appeal any dismissal by the court to suspend the case.

Fidelity FBTC had a net inflow of $235.5 million yesterday

Bloomberg Terminal reported that the net inflow of 235.5 million US dollars was made into the Fidelity Bitcoin Spot ETF (FBTC) yesterday.

NFT market total sales fell 26.2% to $46 million in June

On July 8th, Binance Research's latest report showed that the crypto market experienced a significant downward trend in June 2024, with an overall decline of up to 11.4%. Due to the market downturn, the TVL (total locked value) of DeFi decreased by 8.7% in June. The NFT market also continued to be sluggish, with a total sales volume of $46 million in June, a decrease of 26.2% compared to May. The monthly sales volume of DMarket, the in-game item trading platform for Mythos, was the highest at $18.9 million, followed closely by CryptoPunks with sales of $16.1 million. The sales of top-tier ordinal series such as BitcoinPuppets and NodeMonkes decreased significantly, by 40.6% and 41.0%, respectively. BoredApeYachtClub's monthly sales volume slightly decreased, while PudgyPenguins performed better than the market, rising by 68.9%.

Solana’s on-chain NFT sales in May were less than $100 million, a six-month low

According to cryptoslam data, the NFT sales volume on the Solana blockchain in May was less than $100 million, reaching $93,401,181.42, hitting a new low in the past six months. In addition, the total transaction volume on the Solana blockchain in May exceeded 2.47 million, an increase from the previous two months. Among them, there were 346,229 independent seller addresses and 594,563 independent buyer addresses (a new high in the past ten months).

Pre-Rune concept NFT Rune Doors is the project party for the deployment of Rune No. 9

On April 21st, Pre-Rune concept NFT Rune Doors has a floor price of 0.0264 BTC. The Rune Doors project team announced on their social media platform that they have deployed the 9th rune symbol, LOBO•THE•WOLF•PUP, which will mainly be airdropped to Rune Doors holders.

Despite a slight decline in NFT market sales on April 3, Bitcoin NFTs still top the market

According to CryptoSlam data reported by Jinse Finance, as of 12:00 pm Eastern Time on April 3, Bitcoin maintained its position as the top blockchain for NFT sales in the past 24 hours, with a slight decrease of 3.17% in sales totaling approximately $8.25 million. Sales on platforms without any network reached at least $10 million. The sales of the second-ranked platform, Ethereum, decreased more significantly by 13.59%, totaling approximately $8.15 million. The sales of the third-ranked Solana increased by 2.22% compared to the previous trading day, reaching nearly $7.4 million.

The founder of Doodles revealed that he has obtained 2 NFTs including CryptoKitties from Sotheby’s auction

Doodle founder poopie revealed on social media that he recently purchased two NFTs from Sotheby's auction, namely "proof of existence" by digital artist Rhea Myers and cat#63 from the CryptoKitties series. According to relevant transaction screenshots, "proof of existence" was priced at about $12,700, while Cat#63 was priced at about $127,000. According to OpenSea data, the current floor price of CryptoKitties is about 0.0015 ETH.

Node Monkes’ market value surpasses Bored Ape Yacht Club and ranks second

March 24th news, Coingecko data shows that the NFT series Node Monkes has surpassed Bored Ape Yacht Club in market value, and the NFT market value ranking has risen to second place.

The chain game The Beacon will release new tasks in April, and participants can obtain project ecological tokens

On March 24th, The Beacon, a blockchain game, updated its roadmap. The project will release a new Pioneer Mission in April and the Alpha version of the game will be available on all platforms. The Pioneer Mission consists of three different stages. The first stage is open to all players, and at the end of the first stage, users with a whitelist will be able to forge a Pass NFT. Subsequent stages will mainly target players who have a Pass NFT. Each Pass NFT is entitled to a specific share of the project's ecosystem tokens. The specific content and dates of the Pioneer Mission will be announced in early April.