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Digital Collectibles Explode—Cryptopunks Soar 665% Amid $179M NFT Market Surge
With crypto markets buzzing this week, non-fungible token (NFT) sales followed a similar trajectory, climbing an impressive 90.74% compared to the previous week. Ethereum and Bitcoin NFT Collections Fuel a $179M Weekly Bonanza From Nov. 9 to Nov. 16, NFT sales totaled $179.48 million, as reported by cryptoslam.io. Ethereum NFTs took the lead among 21 blockchains, amassing $67.72 million in sales over the seven-day period—126.79% higher than last week’s figures. Bitcoin-focused NFTs secured the second position with $59.96 million in sales, representing a 129.22% boost. Solana-based digital collectibles rounded out the top three, recording $24.39 million in sales, up by...
Base Network Reaches 1 billion Transactions But Faces NFT Copying Accusations
Coinbase’s Ethereum Layer-2 network, Base, found itself at the center of controversy during the celebration of its 1 billionth transaction. The celebration included the release of an NFT, which inadvertently copied the work of digital artist Chris Biron. Base Hits 1 Billion Transaction On November 15, Coinbase-backed Base proudly announced that it had completed 1 billion transactions since its launch in August 2023. This milestone was achieved in just over a year, a remarkable feat compared to established networks like Bitcoin, which took more than 15 years to reach similar numbers. Base’s rapid rise is no surprise. The network has...
Binance CEO: Crypto Prices May Fluctuate but Fundamentals Are Strong
Binance CEO Richard Teng has highlighted the significant interest in bitcoin and other cryptocurrencies, noting that U.S.-listed bitcoin exchange-traded funds (ETFs) had attracted over $14.7 billion in net inflows over the past six months. Teng emphasized the industry’s robust long-term fundamentals and urged the community to stay focused and continue building despite market fluctuations. Binance’s CEO Emphasizes Strong Interest in Bitcoin ETFs Binance CEO Richard Teng highlighted on Tuesday the significant interest in bitcoin and other crypto assets, noting that U.S.-listed bitcoin exchange-traded funds (ETFs) had attracted over $14.7 billion in net inflows over the past six months. Teng emphasized...
