Monthly NFT sales fall below $400M, marking yearly low
NFTs saw a sharp decline in August 2024, with monthly sales dropping to $374 million—the lowest this year.
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FTX customers could get $9B shortfall claim payout by mid-2024
A proposed settlement could see creditors receive a shortfall claim of $8.9 billion for FTX.com and $166 million for FTX US. 144 Total views 1 Total shares Customers of bankrupt crypto exchange FTX and FTX US could see over 90% of assets returned to them by the end of the second quarter of 2024 after

SEC files 'settled charges' against Mango Markets operators
In 2022, Mango Markets suffered a high-profile exploit perpetrated by Avraham Eisenberg, which drained the platform of $100 million.

Casper Labs, IBM launch Prove AI auditing solution on watsonx platform
Blockchain-based Casper Labs will integrate with “wastonx.governance” to provide enhanced security, access and versioning.

City in Sichuan reportedly orders crypto miners to shut down for investigation
Crypto miners in Ya'an City have reportedly been ordered to temporarily shut down their operations. 745 Total views 4 Total shares Chinese authorities continue to crack down on cryptocurrency mining as a city in Sichuan province has reportedly halted local Bitcoin (BTC) mining farms.Authorities in Ya’an City, a prefecture-level city in the western part of…

No, Denmark did not propose to ban self-custody wallets
The Danish Financial Supervisory Authority said the exemption of self-custodial wallets from MiCA doesn’t mean such wallets should be banned.

3 things must happen for Solana (SOL) price to rebound to new all-time highs
Unsustainable memecoin frenzies, global uncertainty and investors’ risk-averse positioning could complicate Solana’s chances of hitting new all-time highs.

India: Another Crypto Exchange Closes Due to Regulatory Pressure
Indian crypto exchange Koinex has ceased operations effective immediately, co-founder Rahul Raj confirmed in a blog post on June 27.Raj said multiple delays by government agencies in clarifying crypto regulation have played a factor in the decision to close.This month’s proposal to introduce a 10-year jail sentence for Indian citizens who use cryptocurrencies had also contributed to…

What flash crash? ETH options still favor $500 Ethereum price
Today’s Ether (ETH) 10% dump caused its annualized futures basis to adjust after flirting with extremely optimistic territory. The basis indicator compares futures contracts price to the current level at regular spot exchanges.Healthy markets usually display a 5% to 15% annualized basis, in a situation known as contango. On the other hand, a negative basis…