NFT sales volume tumbles 54% in May: CryptoSlam
NFT sales dropped from $1 billion in April to $624 million in May, with Bitcoin, Ethereum, and Solana-based digital collectibles significantly declining.
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Iran and Russia want to issue new stablecoin backed by gold
The potential stablecoin aims to enable cross-border transactions instead of fiat currencies like U.S. dollar, the Russian ruble or the Iranian rial. 325 Total views 8 Total shares Own this piece of history Collect this article as an NFTThe Central Bank of Iran is reportedly cooperating with the Russian government to jointly issue a new…

Top traders go long after Bitcoin price rallies to key $11.5K resistance
On Oct. 7 Cointelegraph reported that top crypto traders had kept a bearish stance since mid-September and at the time the Bitcoin (BTC) long-to-short ratio had reached its lowest level in 10 weeks. All of this changed in a matter of hours as soon as BTC broke through the $11,000 resistance.Whenever Bitcoin's volatility gets too…

SEC Requests UK’s Intervention to Force Telegram’s Advisor to Testify
The United States Securities and Exchange Commission (SEC) asked the High Court of England and Wales to force Telegram’s former chief investment advisor John Hyman to testify in the case over the firm’s Grams tokens offering.Industry news outlet Coindesk reported on Dec. 7 that the SEC’s request was revealed by documents filed by the regulator…

UPDATED: Wilshire Phoenix Files With SEC for Publicly Traded Bitcoin-Backed Fund
Investment firm Wilshire Phoenix just filed with the SEC for a tradeable Bitcoin fund similar to the Grayscale Bitcoin Trust. 1131 Total views 30 Total shares Alternative investment firm Wilshire Phoenix has filed an S-1 registration statement with the U.S. Securities and Exchange Commission, or SEC, for a publicly traded Bitcoin Fund in line with…

SSV Network to create ‘based’ apps infrastructure for Ethereum
The upgrade enables applications called based apps or “bApps” to connect directly to Ethereum’s layer-1 chain.

Algorand pledges carbon-negative blockchain
Algorand and ClimateTrade are working on a sustainability oracle that would drive down carbon emissions. 2611 Total views 29 Total shares Smart contract platform Algorand plans to achieve a carbon-negative network by implementing a “sustainability oracle” in partnership with ClimateTrade, in a move that could make blockchain adoption more environmentally friendly. The partnership, which was announced…

Bitcoin core dev to ‘unite’ Bitcoin and Ethereum with cross-chain tunnels
The Hemi Network team claims tunneling allows Bitcoin and Ethereum to coexist without the attack vectors associated with cross-chain bridges.

Here’s what happened in crypto today
Today in crypto, OKX is reportedly under scrutiny from European Union regulators for allegedly facilitating the laundering of funds from the Bybit hack. Meanwhile, analysts warn that Ether’s price could face further declines as ETF outflows and mounting macroeconomic concerns put pressure on the market. Additionally, Mt. Gox has made its second Bitcoin transfer in