NFTs
Bitcoin NFTs Surpass Ronin Blockchain in Historical Total Sales
some of the key developments in the world of crypto
Bitcoin-based NFTs have seen sales volume of $148 million over the past 30 days, according to CryptoSlam. Climbing one position in the historical ranking of non-fungible token (NFT) sales, the Bitcoin network has surpassed the Ronin blockchain, which previously held the third highest NFT sales record.
Zirlin thinks that games are “in a state of evolution” at the moment. Sky co-founder Mavis revealed that tactics that were once effective for gaming companies are now starting to show diminishing returns due to increased user acquisition spending.
The total sales volume of Bitcoin-based NFTs has reached $4 billion, according to data from CryptoSlam. The largest NFT marketplace has seen sales volumes decline despite the new milestone. When comparing May with April, the monthly value NFT sales volume decreased by 54%.
Read too: Crypto market falls marginally even as trading volume gains 101.81%; Bitcoin, Ethereum down
Tether introduces Alloy, a gold and US dollar-backed stablecoin
The US dollar-pegged stablecoin Tether is being launched and is backed by gold. The issuer said it is the first linked asset. On the Alloy by Tether platform, USDT, the new currency, can be minted. The league will be super-collateralized, the company claims, by Tether Gold (XAUt), a token that allows ownership of real gold but is based on the US dollar.
A smart contract and price oracles can be used to deposit XUSDT in order to create the synthetic dollar. Users can therefore continue to use their gold-backed Tether asset while transacting with USDT. Moon Gold and Moon Gold El Salvador, subsidiaries of Tether, created AUSDT.
Tether’s aUSDT is not the original synthetic dollar. Galoy unveiled Stablesats, a Bitcoin-based virtual currency, via the Lightning Network in August 2022. To sweeten the pot for the new asset, Tether has reserved 10 million USDT and is paying a 2:1 bonus to $1 USDT holders, 00 .
FTX Victims Seek Company Assets Through Criminal Forfeiture Process
Although Sam Bankman-Fried is currently serving a prison sentence, affected FTX customers and creditors are claiming the company’s assets, which are still worth millions. In the criminal case against former FTX CEO Sam Bankman-Fried, who is currently serving a 25-year federal prison sentence, the various factions are competing for assets.
Bankman-Fried was found guilty of seven criminal charges stemming from his involvement in the misappropriation of client funds by FTX and Alameda Research.
In March, Judge Kaplan sentenced him to 25 years in prison. Ryan Salame, former co-CEO of FTX Digital Markets and the only defendant who did not testify at the SBF trial, was sentenced to 90 months in May.