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XRP gains as SEC motion denied; NFT index down; US investors anticipate debt ceiling deal

Bitcoin prices fell on Wednesday morning in Asia but remained above the US$27,000 line. Ether gained but still posted a weekly drop. XRP led gainers among other top 10 non-stablecoin cryptocurrencies.

Bitcoin history shows first financial transaction was almost an NFT

Internet sleuths unearth the first financial transaction on Bitcoin, showcasing the potential of NFTs.

Crypto and NFT Market Update – May 16th

Welcome to The Daily Forkast, May 16, 2023, presented by Megha Chaddah for the latest in the crypto markets. Bitcoin and other cryptocurrencies return to sideways trading apart from Litecoin, which has continued its bull run in the last 24 hours. In the NFT markets, a Bored Ape Yacht Club NFT sold for US$1 million […]

Crypto and NFT Market Update – May 15th

Welcome to The Daily Forkast, May 9, 2023, presented by Jeff Cheung for the latest in the crypto markets. Bitcoin and Ethereum prices are on the up to start the week off, and Litecoin has skyrocketed in the last 24 hours. The NFT markets are also starting the week off positively, with the Polygon NFT […]

Elon Musk’s NFT rocket launch. What has he done to Milady?

NFTs were ready for takeoff this week and Elon Musk’s tweet blasted it off.

Crypto and NFT Market Update – May 11th

Welcome to The Daily Forkast – May 11, 2023 – presented by Jeff Cheung for the latest in the crypto markets. Bitcoin saw a minor spike in it’s price after the U.S. consumer price index for April was released, but dipped again as crypto exchanges Jane Street Group and Jump Crypto announced it would cease […]

Crypto and NFT Market Update – May 10th

Welcome to The Daily Forkast – May 10th, 2023 – presented by Jeff Cheung for the latest in the crypto markets. Bitcoin has seen a slight increase in its price tag as congestion in the Bitcoin networks eases, dropping transaction fees at the same time. However, the NFT markets are still looking a little gloomy […]

Gamers stand to win big with NFTs, they just don’t know it yet

NFTs are changing in-game item ownership and value, yet the gaming industry remains skeptical. With microtransactions set to exceed $76 billion this year, it’s time for gamers to understand the benefits of NFT technology.

Crypto and NFT Market Update – May 9th

Welcome to The Daily Forkast – May 9, 2023 – presented by Jeff Cheung for the latest in the crypto markets. Bittrex U.S. has filed for bankruptcy after the Securities and Exchange Commission accused it of operating an unlicensed exchange a few weeks ago. Bitcoin and Ethereum, have continued to drop in prices as a […]

Hong Kong NFT firm Artifact Labs raises US$3.25 mln in seed round

The startup, originally incubated by the South China Morning Post, has closed a financing round led by Blue Pool Capital and Animoca Ventures.

Crypto and NFT Market Update – May 8th

Welcome to The Daily Forkast, May 8, 2023, presented by Jeff Cheung for the latest in the crypto markets. Binance halted Bitcoin withdrawals twice today as a result of an influx of pending transactions and sky-rocketing fees. The Ethereum Foundation sold US$30 million worth of Ethereum to Kraken as well, leading to slight dips in […]

A tidal wave of wash sales makes up most NFT volume

CryptoSlam introduces new wash trade metrics to help traders and professionals uncover the truth behind NFT sales volumes across major blockchains.

Ethereum had over US$635 mln in NFT wash trades in April, CryptoSlam reveals

Nearly 60% of April NFT sales on Ethereum have been flagged as wash trades, with Blur marketplace’s token farming incentivizing the activity, CryptoSlam data shows.

Crypto and NFT Market Update – May 4th

Welcome to The Daily Forkast – May 4, 2023 – presented by Jeff Cheung. The Federal Reserve has increased interest rates by another 25 basis points again, leaving it at its highest levels since 2007. The crypto markets have been faring well despite this, with Bitcoin back to the US$29,000 levels and most other major […]

Trading, talent and tech leveling up in NFTs

NFT prices and trading volume are dropping but this could be an indicator of a maturing market.

Sotheby’s launches NFT marketplace for transactions on Ethereum, Polygon networks

Sotheby’s, which accounts for 24% of global art auction sales, has launched an online secondary marketplace for its curated NFTs as the 279-year-old auction house for fine art expands its push into digital assets.

Why I’m excited about commercial IP NFTs

NFT IP allows traders to multiply their brands and grow. The Nakamigos collection has leveraged this advantage of the technology.

Mad Lads tops weekly NFT sales in first week since launch

Mad Lads has been the best selling NFT collection in the world since its launch that was delayed last week due to a DDOS attack.

NFTs run out of steam as Cryptos clock weekly gains

Welcome to The Daily Forkast – April 28, 2023 – presented by Megha Chaddah. The crypto markets end the week on a strong note after a difficult start, with most of the major cryptocurrencies trading in the green once again. The NFT markets had a tougher time today though, as most of the Forkast Indexes […]

Mad Lads briefly boosts Tensor’s NFT trading volume past Magic Eden

Tensor topped Magic Eden’s sales volume on Wednesday afternoon in Hong Kong, giving it a brief stint as Solana’s top NFT marketplace. 

NFTs: Bear Market or Burst Bubble?

The culture of collecting unique digital assets may be here to stay, but data suggests that NFT prices may continue to fall.

Uncertainty in crypto cycles from Memecoins & NFTs

A new memecoin craze is raising Ethereum transaction fees, but it’s also bringing new liquidity in for non-fungible tokens.

Sotheby’s to auction off NFTs owned by defunct hedge fund Three Arrows Capital

Leading auction house Sotheby’s said it will sell NFT artworks owned by the bankrupt crypto hedge fund Three Arrows Capital.

Trump’s Series 2 sells out, tops daily NFT sales chart

Former U.S. President Donald Trump’s second set of NFTs sold out within the first 24 hours since launch, according to the project’s website.

Politics will be Trojan Horse for NFTs

Former President Donald Trump’s NFT collection’s floor price may be dropping, but media coverage may extend his profits from the digital trading cards.

Trump announces more NFTs but the first collection’s price tanks

Former U.S. President Donald Trump has announced a second drop of his NFT trading cards, but the first collection’s price is sinking.

Cardano NFTs slump as users trade top-tier projects in favor of newer ones

Cardano NFT ecosystem sees a significant decline as users sell off top-tier projects for newer ones, according to Forkast CAR NFT Composite.

Forkast NFT indexes reveal the hidden costs of y00ts, DeGods’ moves across blockchains

Forkast Labs’ NFT indexes reveal Polygon’s US$3 million incentive to move y00ts over to its blockchain may have cost its users.

NFT.NYC is back to deliver the Woodstock of NFTs

The NFT industry is gathering at New York for NFT.NYC, but the overloading frequency of events could be causing “event fatigue.”

Blur nemesis OpenSea releases OS Pro trading tools, Gemesis NFT

OpenSea has reignited the marketplace battle by introducing its own pro tool. What’s in it for NFT traders?

Solana introduces ‘state compression’ to lower NFT storage costs

Solana has introduced a solution that aims to reduce on-chain storage costs for non-fungible tokens (NFT).  See related article: Solana NFT sales surge as traders farm for Tensor rewards Fast facts See related article: DeGods begins migration to Ethereum

Bitcoin pushes beyond US$28,000; Polygon’s Matic leads gainers, same chain sees surge in NFT trades

Bitcoin rose on Wednesday, moving above US$28,000. Ether, Matic and most other top 10 non-stablecoin tokens gained.

Polygon SDK: Helping shape NFTs at scale

Polygon blockchain is gaining traction among traders with fast transactions, low gas fees and Ethereum’s provenance. From hosting popular games to partnering with major brands, Polygon’s versatility is one to watch.

Bitcoin, Ether, Forkast 500 NFT index rise; gold nears year-high over banking sector concerns

Bitcoin and Ether rose during Asian trading hours on Friday, along with most of the top 10 non-stablecoin cryptocurrencies by market capitalization, with Litecoin posting the biggest gains.

Bitcoin, Ether, Forkast 500 NFT index fall, gold rises, as Janet Yellen rules out broad bank deposit insurance

Bitcoin and Ether fell during Asian trading hours on Friday, along with most of the top 10 non-stablecoin cryptocurrencies by market capitalization, with Binance’s BNB sustaining the biggest loss in the top 10.

Magic Eden introduces Bitcoin Ordinals for NFT traders

Magic Eden, the largest Solana-based non-fungible token (NFT) marketplace, has launched its “audited” Bitcoin Ordinals for NFT traders.

Internal Revenue Service in U.S. solicits public opinions on proposed NFT taxes

The IRS intends to tax NFTs as collectibles in the U.S. and is soliciting public opinions on the proposal through June.

K-pop star G-Dragon launches NFT on OpenSea with Fandom Studio, BNB Chain

South Korean singer G-Dragon has launched an NFT collection on OpenSea in collaboration with Fandom Studio.

How NFTs can protect creators and fortify their legal rights

The digital era has made piracy rampant and copyright enforcement difficult, but blockchain technology is shifting power back to creators, writes Wes Levitt of Theta Labs.

Enterprise software giant Salesforce partners with Polygon for NFT-based loyalty programs

Salesforce has partnered with Polygon Labs to help its clients develop non-fungible token (NFT) based loyalty programs on the Polygon blockchain.

Bitcoin, Ether, Forkast 500 NFT index fall; euros rises amid Credit Suisse’s loan

Bitcoin and Ether declined by the end of Asian trading hours on Thursday afternoon, with all the top 10 non-stablecoin cryptocurrencies also falling, apart from Binance’s BNB.

Bitcoin, Ether, Forkast 500 NFT index extend gains; U.S. banking crisis concerns ease as inflation slows to 6%

Bitcoin and Ether rose on Wednesday afternoon in Asia, along with all other top 10 non-stablecoin cryptocurrencies by market capitalization. Solana and Polygon were the biggest gainers, both rising above 5% in the last 24 hours.
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Anchorage Digital lays off 20% of staff amid low NFT demand, says bank unit not affected

Digital asset platform Anchorage Digital will lay off 75 employees as it restructures to meet regulation challenges.

China regulator says NFT-related complaints skyrocketed in 2022

Amid the NFT hype in 2022, Chinese buyers’ complaints about NFT scams and price manipulations surged 30,000% to 59,700 from 198 in the year before.

Meta plans to wind down NFT initiatives on Facebook, Instagram to focus on other services

Meta Platforms, the parent company of Facebook and Instagram, will wind down its non-fungible token operations on both social media services.

The NFT sector is just getting started. Here’s what lies ahead

What began as novel collectibles and rampant speculation is maturing into real-world utility across a multitude of industries, writes Tom Chalmers of Banxa.

Solana NFT sales surge as traders farm for Tensor rewards

The Forkast SOL NFT Composite dropped 6.13% over the past week while sales increased. Industry expert suspects casino-like behavior of traders moving funds to new projects.

Bet on the Black? Take a punt on the Red? Or maybe put it all down on an NFT?

Savvy traders are quick to extract liquidity to reinvest into the “slot machines” of the NFT casino, according to CryptoSlam’s NFT strategist.

Bitcoin, Ether, Forkast 500 NFT index close lower on the day

Bitcoin and Ether tumbled during Asia trading hours on Friday afternoon, with Dogecoin leading losses among the top 10 largest non-stablecoin cryptocurrencies by market capitalization, pressured by crypto bank Silvergate’s liquidation

Forkast 500 NFT Index slides, Polygon blockchain NFT sales jump nearly 250%

The Forkast 500 NFT Index fell to a near two-month low in Asia trading on Friday morning, with sales slumping on the Ethereum and Solana blockchains, the two biggest for non-fungible tokens. Polygon, the third biggest, saw a sales surge.

Most of NFT industry working on recycled liquidity, says Forkast Labs’ co-founder

NFT sales and market capitalization show rising investor activities, but recycled liquidity and wash trading may tell a different story, Forkast Labs co-CEO says.

Bitcoin, Ether fall amid interest rate hike fears, Silvergate liquidation; Forkast NFT 500 index slips 0.79%

Bitcoin and Ether fell in evening trading in Asia Thursday, with XRP the sole gainer in 24 hours among the top 10 non-stablecoin cryptocurrencies by market cap.

China’s parliament member to propose NFT regulation at ‘Two Sessions’

NFTs have entered China’s Two Sessions, with a delegate to propose an NFT regulatory framework.

Forkast 500 NFT index dips, Vitalik-linked NFT token gains momentum

The Forkast 500 NFT Index dipped 1.25% to 4,235.97 in the 24 hours through 10:00 a.m. in Hong Kong on Thursday.
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Bitcoin, Ether fall amid U.S. Fed chair warning of more interest rate hikes; Forkast NFT 500 index slips 0.65%

Bitcoin and Ether fell in afternoon trading in Asia on Wednesday, with XRP the sole gainer among the top 10 non-stablecoin cryptocurrencies by market cap.

Forkast 500 NFT index slips, BAYC NFTs leads in sales volume

The Forkast NFT 500 Index slipped 0.68% to 4,276.12 in the 24 hours through 4:45 p.m. in Hong Kong on Wednesday.

Forkast 500 NFT index edges up, Animoca Brands’ NFT collection leads in sales

The Forkast NFT 500 Index inched up 0.07% to 4,278.68 in the 24 hours through 9 a.m. in Hong Kong on Wednesday.

The Future of NFTs

As multi-chain NFTs take off, Forkast Labs launches a vital new way to measure value on the blockchain.

Bitcoin, Ether inch up as investors await U.S. Fed chair’s comments; Forkast NFT 500 index dips 0.44%

Bitcoin and Ether gained in Tuesday afternoon trade in Asia, along with most other top 10 non-stablecoin cryptocurrencies. Polygon’s Matic token led gains followed by XRP and Dogecoin.
, and

Bitcoin, Ether little-changed in downtrend day; Forkast NFT 500 index dips

Bitcoin and Ether traded mostly flat in a downtrend move for most of the top 10 cryptocurrencies in Tuesday morning in Asia. The new Forkast NFT 500 index slipped.
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Momoguro NFTs sell out in 9 hours, generates US$7.6 mln of sales

Momoguro: Holoself, an Ethereum-native non-fungible token (NFT) collection launched by Emmy-winning animation studio, Baobab Studios, generated over 12,000 sales worth US$7.6 million on the first day of its launch, according to NFT data aggregator CryptoSlam. See related article: Weekly NFT sales drop, unique buyers surge amid Coinbase’s new NFT airdrop Fast facts See related article: […]

Weekly NFT sales drop, unique buyers surge amid Coinbase’s new NFT airdrop

The number of unique buyers rose to an all-time high this week after crypto exchange Coinbase dropped free NFTs to celebrate the launch of its new Layer 2 network Base.

Blur NFT wash trading soars, fueling market distortions

Top blockchain and crypto news: Blur wash trading explodes. Coinbase extends developer foray with Base test. Hong Kong crypto embrace gets Beijing’s nod.

Yuga Labs to launch its first Bitcoin-based NFTs TwelveFold

Yuga Labs announced that it will launch TwelveFold later this week, its first NFT collection on the Bitcoin network.

NFT Fake Sales

The NFT market took a hit during the crypto winter, and as signs of healing start to show, there are concerns that some of the transactions are fake.

South Korea’s Lotte Group partners with Polygon for global NFT drive

Lotte Group plans to expand its non-fungible token (NFT) business onto the global market through a partnership with the Polygon blockchain.

At least US$577 million of Blur-linked NFT sales are wash trades, CryptoSlam says

NFT data aggregator Cryptoslam has flagged more than half a billion dollars worth of NFT wash trades related to Blur since the marketplace’s Valentines airdrops started

Bankrupt crypto lender 3AC’s liquidators set to dump millions worth of seized NFTs

Teneo, the liquidator of the bankrupt crypto lender Three Arrows Capital plans to sell non-fungible tokens estimated to be worth millions of dollars.

Weekly NFT sales surge amid marketplace Blur’s new round of token airdrop

NFT sales more than doubled this week, with NFT marketplace Blur remaining the talk of the town.

Creepz NFT sales surge 239% following Spotify partnership news

The sales volume of Creepz by Overlord surged by 239% in the 24 hours to 11:00 p.m. on Thursday in Hong Kong, after its creator announced a partnership with music streaming giant Spotify.

NBA partners Chinese fintech giant Ant Group to launch NFTs in China

NBA will partner Ant Group – Chinese tech giant Alibaba’s fintech affiliate – to issue NBA-themed NFTs and create content on Alipay.

Weekly NFT sales spike after Blur’s Valentines airdrop

Blur.io, the NFT marketplace that beat OpenSea’s trading volume in the past month, airdropped its platform tokens on Valentine’s Day, contributing to the global NFT sales increase this week.