NFTs are coming back but Blue Chip projects are on life supportNFTs: Where are they now? A look back at the once $25 billion industry.
Happy Wednesday!NFT markets show signs of revival, though blue-chip projects face significant challenges after the sector’s peak at $25 billion. Meanwhile, Solana partners with Western Union to onboard 100 million users in a bid to reshape global dollar token transfers, competing with Visa and Stripe’s payment models. In Bitcoin ETFs, negative spot balances reveal market dependency on BlackRock’s IBIT, spotlighting fragility in ETF flows. Stay informed on these developments below. The global crypto market cap is $3.76 trillion, with a 24-hour volume of $162.46 billion. The price of Bitcoin is $111,650.28, and BTC market dominance is 59.1%. The price of Ethereum is $3,951.86, and ETH market dominance is 12.7%. The best-performing sector is Social, which gained 5%. The Crypto Fear & Greed Index is currently Neutral (51). 📰 Top News
NFTs are coming back but Blue Chip projects are on life supportNFTs: Where are they now? A look back at the once $25 billion industry. Can Solana handle 100M Western Union users sending dollar tokens worldwide?Western Union combines Anchorage-issued USDPT with an on/off-ramp network, challenging Visa/Stripe’s neutral-rails model with a branded, end-to-end settlement stack aimed at cross-border cash access. US spot Bitcoin ETF balances are negative without BlackRockWithout BlackRock’s IBIT, Bitcoin ETFs face potential outflows, showcasing a fragile market balance.
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