CryptoBlog n.2104
🖼 NFT sales drop 12% as Ethereum dominates, Polygon surges According to CryptoSlam, total sales for the last seven days stood at just below $100 million and involved over $785,000 buyers and sellers in 1.4 million transactions. Ethereum (ETH) was once again the most active blockchain for NFT sales, leading the pack with $38.4 million worth of transactions. Notably, Ethereum experienced a surge in wash trading last week, with money earned from the activity going up nearly 9.5% to $37.69 million.
CryptoBlog n.2103
Bored Ape Yacht Club (BAYC) NFTs have dropped 90% from their peak, now trading below 10 ETH ($33,000), returning to pre-NFT boom prices. BAYC derivatives and the broader NFT market have also seen significant declines, though some collections like Milady Maker remain strong.
CryptoBlog n.2102
Brazil's tax authority will soon summon foreign crypto exchanges operating within the country, including Binance and Coinbase, to bolster regulation and transparency amid a rise in digital asset usage in Latin America’s largest economy. Unlike exchanges formally established in Brazil, these foreign exchanges are not obligated to report transactions conducted on their platforms. The decision comes as Brazilians declared 133.6bn reais ($24.6bn) in crypto assets from January to July 2023, marking a 36.6% increase from the previous year’s totalling.
CryptoBlog n.2101
🖼 NFT Sales Plunge 21% Amid Broad Crypto Market Decline NFT sales have significantly decreased this week, correlating with the broader downturn in the crypto markets. As of press time, data indicates that NFT sales reached $102,328,020 over the last seven days, according to cryptoslam.io. This drop occurred despite a 74.62% rise in buyers and a 64.31% increase in sellers. Among the 21 chains, Ethereum led with $38.46 million in sales, though ETH-based NFT sales dipped 2.62% this week.