🦎🚀 NFTs exit winter? ☀️

By rahmat hidayat

Monday, December 2, 2024

Don't miss out on the juiciest news in the crypto space! Stay in the loop to ensure that you receive our latest newsletters, right in your inbox! Are you still having fun in the trenches, Geckos?   In today's news: Is the NFT market back for good? 🖼️ Syntax error ⚠️ Read on!   Join the Decade of BitMEX Trading Competition from 25 Nov - 14 Dec to compete for a 10 BTC Prize Pool and mega prizes such as…  $20,000 in Holiday Trip Funds  $5,000 in Luxury Hotel Vouchers Apple MacBook Pros $5,000 USDT Bonus ...and more.    Don't miss out on your chance to compete and win big. Celebrate our 10-year anniversary with us the right way. Join the Competition 24h Hot Searches Worldwide 🔥          XRP                          (+21.1%) Hedera                    (+24.7%) Hyperliquid              (-8.0%) Virtuals Protocol    (-15.6%) Vita Inu                    (-11.9%)      Ethereum                 (-2.3%)     Solana                       (-4.4%)  Is the NFT market back for good? 🖼️   Over the past week, the NFT market cap has risen by 17.3%, led by several blue-chip collections. In the same period, daily trading volume for NFTs across all networks has also risen by 103% from $1.4M to $2.9M. This resurgence in the NFT sector was largely led by the likes of Crypto Punks and Pudgy Penguins.   In line with the overall market, CryptoPunks NFTs saw over $49M in trading volume in November, with its floor price rising by 116.7% from 26.25 ETH (~$66K) to 40 ETH (~$142K). The Pudgy Penguins NFT collection also saw its floor price surge by 113.6% from 8.7 ETH (~$22K) to 13 ETH (~$47K). The increase in NFT volumes has also contributed to the price appreciation of NFT marketplace tokens throughout the past month, albeit to a lesser degree.   The prices of BLUR and TNSR grew by 63% and 52% in November, outperforming Bitcoin's 37% appreciation in the past month.   Learn the difference between hot vs cold wallets and how they secure your crypto. Watch now Syntax error ⚠️   Spectral Labs, a firm responsible for allowing users to create and launch sentient AI agents, has experienced a security breach. According to the team, the firm's Syntax platform -  a no-code tool for launching on-chain agents - suffered a vulnerability in its bonding curve contracts, allowing attackers to withdraw tokens at a low price.   The attacker was able to abuse the vulnerability across a few specific tokens on its Syntax platform, removing $200K worth of liquidity in the process. Spectral has since disabled access to the Syntax app and has paused the relevant contracts. Since the exploit, the price of Spectral's native SPEC token has fallen by 14.2% from $15.69 to $13.46 today.   All you need to know about swapping tokens on the blockchain, the pitfalls, misconceptions and more! Learn more In Other News...   The JPEG Comeback. Old "blue-chip" NFT collections, such as Bored Ape Yacht Club, are making a resurgence. The market capitalization of NFTs is up 17.3% in the past week, now at $8.8B.   Bitcoin PowerPoint Presentation by Michael Saylor. Famed Bitcoin bull Michael Saylor spoke at Microsoft's shareholders meeting, encouraging Microsoft to convert up to $200B of funds into Bitcoin.   The XRP Flippening. XRP (Ripple) flips both Solana and USDT in market capitalization, now claiming its spot as the third largest cryptocurrency by market capitalization.   The End of Japanese Exchange DMM Bitcoin. The exchange was hacked in May 2024, losing $300M worth of Bitcoin, leading to its closure.   HyperRich. HyperLiquid's historic token generation airdrop on Friday saw 31% of its token supply airdropped to its users.HYPE token's price continued to surge, now surpassing AAVE in market capitalization.   Streaming Ban Sees Pump.fun Revenue Dropping 66%. Pump.fun's weekly revenues dropped from $33M to $11M after the platform disabled its livestream feature following reports of harmful content being broadcasted. 🦎Tell us what you think!   We've just revamped our newsletter with a new and fresh format!   Whether you're a long-time subscriber or just passing by, do let us know if you like the changes and what we can improve on! Take the survey

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