![]() Transactions of Uncategorized Ordinals - unique digital assets on the Bitcoin network that are not identified as part of one established collection - rose 69.42% to US$1.39 million.īored Ape Yacht Club sales gained 25.14% to US$1.3 million. The Bitcoin network was the second largest NFT network in terms of buy/sell transactions, jumping 76.67% to US$3.8 million in the last 24 hours. Total NFT buy/sell transactions rose 3.42% to US$22.1 million, but sales on Ethereum, the leading blockchain by volume, fell 3.94% over the last 24 hours to US$12.87 million, according to CryptoSlam data. History tells us that it’s new projects that a majority of investors’ funds will go into.” “Thinking about what it will take to recover seems pretty daunting, as traders are pretty unsure that a recovery will even mean existing assets regain value. “The Forkast 500 NFT index is now down nearly 11% in seven days as we continue to find new lows,” said Yehudah Petscher, NFT Strategist at Forkast Labs, the parent company of Forkast.News. In the non-fungible token (NFT) market, the Forkast 500 NFT index lost 1.76% to 2,919.17 in the 24 hours to 7:30 a.m. They are managed by CryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella. The indexes are proxy measures of the performance of the global NFT market. The total cryptocurrency market cap lost 0.12% to US$1.054 trillion in the last 24 hours, while daily trading volume increased by 10.62% to US$33.75 billion, according to CoinMarketCap data. They can’t – as Hinman tried – create new law,” Alderoty said. “Unelected bureaucrats must faithfully apply the law within the constraints of their jurisdiction. Ripple’s chief legal officer Stuart Alderoty wrote on Twitter Tuesday that the documents show: “Hinman ignored multiple warnings that his speech contained made-up analysis with no basis in law” and showed the SEC flip-flopped and overstepped the boundaries of its jurisdiction. ![]() The comments are a major point of argument between the SEC and Ripple as Ripple seeks to bolster its fair notice defense. The company had sought the unsealing of the documents which reveal that Hinman said Bitcoin and Ether should not be categorized as financial securities. was sued by the SEC in December 2020, which alleged XRP was offered and sold as an unregistered security. In other developments involving the SEC and crypto, Ripple’s XRP token lost 0.87% to US$0.5197 for a weekly decline of 2.25% after Tuesday’s long-awaited unveiling of the so-called “Hinman documents,” named after former SEC corporate finance director William Hinman. Assets are flowing to overseas exchanges due to regulatory uncertainty and recent SEC actions against Binance and Coinbase,” said Kuptsikevich. “According to CryptoQuant, bitcoin reserves on US crypto exchanges have fallen below the 50% – levels last seen in 2017. Both exchanges have rejected the allegations. The SEC also filed a lawsuit against the U.S.-based Coinbase exchange. Last week, the federal agency accused Binance.US of failing to register as a securities exchange and of offering and selling unregistered securities. The judge’s decision allows Binance.US to continue operating while it negotiates with the SEC over its compliance with securities laws. arm of the world’s largest cryptocurrency exchange. federal judge on Tuesday denied the SEC request for a temporary restraining order that would have frozen the assets of Binance.US, the U.S. Binance’s BNB token led winners with 4.67% rise to US$241.36, reducing its weekly loss to 14.41%. Other top 10 cryptocurrencies were mixed. “Technically, to break the downtrend, Bitcoin needs to overcome $27K, and a drop below $26.5K is required to confirm the downtrend. “The cryptocurrency Fear & Greed Index is in the Fear territory at 45 (-2 points overnight), whereas the Fear & Greed index for the stock market is at 79 (extreme greed),” Kuptsikevich noted.
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