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NFT volume hits 6-month high, but still 90% down from 2021
Homepage > News > Business > NFT volume hits 6-month high, but still 90% down from 2021 Non-fungible tokens (NFTs) made a comeback in November after dipping for seven consecutive months, hitting $563 million in monthly volume as the positive momentum from the United States elections spread to the NFT market. Since their emergence in 2021, NFTs have mirrored the overall digital asset market sentiment, with trading volume and overall activity surging during bull cycles. It was no different in November, where 427,000 unique sellers transacted $562.92 million worth of NFTs, data from CryptoSlam shows. This represented a 58% increase...
SEC Set to Reject Solana ETFs in Gensler’s Final Crypto Crackdown, Says Bloomberg Analyst
It appears SEC Chair Gary Gensler plans to reject Solana Spot ETFs as he exits, with his term ending as Trump begins his second term in the White House. Analysts say the rejection stems from ongoing legal debates over whether Solana is a security. Meanwhile, Bitcoin and Ethereum ETFs in the US continue to attract significant investments, overshadowing Solana’s ETF prospects. It seems the Chair of the US Securities and Exchange Commission (SEC), Gary Gensler, has a few tricks up his sleeve. Gensler, set to leave the agency in January when Donald Trump starts his second term in the White...
XRP’s 300% Surge Prompts Shift in Corporate Treasury Strategies
Worksport plans to invest up to US$5 million in Bitcoin and XRP, citing crypto’s potential as a long-term store of value and inflation hedge. BC Bud Co will invest CA$250,000 in XRP, influenced by its legal clarity and market popularity, planning more purchases. These corporate investments reflect growing confidence in XRP, which has surged 300% in value, climbing to third in market cap. XRP’s astonishing surge in price over the past few weeks is gaining institutional interest. While it’s usually Bitcoin and Ethereum that get most of the attention when corporate financial decisions are involved, two recent announcements have caused...
