NFT & GameFi
The trading volume and active wallet count for Bitcoin Ordinals, also known as Bitcoin NFTs, have experienced a severe decline since peaking in May 2023. Bitcoin Ordinals' Trading Volume Plummets Over 97% As reported by Coin68, Bitcoin Ordinals emerged as one of the hottest narratives in Q1 2023. According
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On August 19, Offchain Labs, the team behind the Ethereum layer-2 solution Arbitrum, disclosed that the network experienced a temporary halt on August 18. Arbitrum Halts Transaction Processing for One Hour According to data from Arbiscan, Arbitrum encountered a period of inactivity on August 18, spanning one hour between batches
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On August 19, Ethereum developers announced plans to deploy a new testnet named "Holesky" in September. Ethereum Sets Schedule for New Testnet "Holesky" to Replace Goerli In an effort to enhance testing environments and address the Ethereum testnet supply issue, the Ethereum development team will launch
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On August 19, the cryptocurrency exchange OKX issued a notice urging all users to complete enhanced KYC procedures before 2:00 PM on August 21 (Vietnam time) to avoid service disruptions. OKX Requires All Users to Complete KYC by August 21 The exchange specified that users must complete steps including
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Since its launch in early May, the SUI token has experienced a steep decline from its peak of $1.4 USD to just $0.5 USD at present. SUI Price Plunges 65% After Over 3 Months of Mainnet Launch, Community Reserve Sell-off Recorded According to The Block Research Director Steven
NFT & GameFi
To succeed on Magic Eden, projects need to offer unique concepts, scalability, and the potential to reshape the current NFT landscape on Polygon. Magic Eden Launches $1 Million Fund to Promote NFTs on Polygon Magic Eden has introduced a $1 million fund dedicated to supporting projects on the Polygon blockchain.
NFT & GameFi
Under increasing competitive pressure from rivals like Blur, the leading NFT marketplace OpenSea has announced a significant adjustment to its creator royalty fee structure. OpenSea Disables Operator Filter for Creator Royalties According to the latest update, OpenSea has announced that it will disable the Operator Filter, a tool introduced in
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Bitcoin faced a significant sell-off following news that Elon Musk's aerospace company, SpaceX, liquidated $373 million worth of Bitcoin. According to the Wall Street Journal, this information was gleaned from confidential financial documents detailing SpaceX's activities in 2022 and 2021. However, specifics such as the timing
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Shortly after the early morning crypto market dump on August 18, the market swiftly rebounded following news that the U.S. Securities and Exchange Commission (SEC) is likely to approve several proposals for Ethereum futures ETFs. According to sources cited by Bloomberg, the SEC is expected to greenlight a wave
DeFi
Cross-chain bridge Connext has announced the release of its NEXT token on 05/09, following a delay of more than a year from the original plan. The project will airdrop tokens to users across ecosystems such as Polygon, Arbitrum, Optimism, and Gnosis Chain. Key Details: * Token Launch: NEXT token will
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Late on August 17, Tether announced it would cease supporting USDT on Kusama, Omni, and Bitcoin Cash due to declining user demand. According to updates released on August 17, Tether, the company behind the leading stablecoin USDT, will stop issuing USDT on three blockchains: Omni, Bitcoin Cash, and Kusama, citing
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Late-night crypto markets on August 17 witnessed the latest price downturn affecting Bitcoin (BTC) and Binance Coin (BNB). Following nearly a month-long sideways trend between $29,000 and $30,000, Bitcoin plummeted from $28,500 to as low as $27,700 on the evening of August 17, 2023. This marked
