Web3 Archives - Page 15 of 72

Breaking !NFT Market Down 97% – Pudgy Penguins to the Rescue?

NFT Lending Is in Critical Condition: Down 97% — Is There Any Way Back?

The NFT lending market has absolutely tanked in 2025, plummeting from $1 billion in January to just $50 million today — a shocking 97% collapse in less than 6 months.

It’s not just a correction; it’s a full-on capitulation.

Lenders & Borrowers: Both Ghosted

According to DappRadar’s latest report:

Borrowers dropped by 90%
Lenders fell by 78%
Average loan size shrunk from $22K in 2022 to just $4K in 2025

Even hardcore NFT believers are now on the sidelines. The hype has been replaced by hesitation.

Gondi Is Winning What’s Left of the Market

In this shrinking battlefield, Gondi has emerged as the new king — eating up 54.2% of market share with a focus on long-term art-based lending.

Compare that to Blend, once the king with 96% dominance, now losing steam as it struggles to retain liquidity without constant airdrops and incentive loops.

Pudgy Penguins Lead Loan Activity

Despite the downturn, a few blue-chip and are still moving capital:

Pudgy Penguins: $203M loaned since January
CryptoPunks, Azuki, Beeple, Fidenzas also seeing some traction

Meanwhile, average loan duration has shrunk from 40 days to 31 days, showing users are nervous and keeping exposure short.

Even Big Brands Are Backing Out

It’s not just users — big Web2 players are ditching NFTs:

Starbucks shut down its loyalty program
GameStop and DraftKings pulled the plug on their NFT marketplaces
Bybit and X2Y2 exited the NFT space entirely

X2Y2 even announced plans to pivot into AI. That’s how cooked the NFT lending meta is.

What Can Save NFT Lending?

Per DappRadar, here’s what might bring the market back:

Real-world assets (RWA) as collateral
Intent-based UX instead of listing-only models
DeFi-native credit scores to minimize rug risk
Utility-first NFTs — think gaming, ticketing, and identity

Bottom Line: It’s Not Dead, But It’s Definitely in a Coma

The lending market isn’t dead yet, but it needs a serious rebrand and tech upgrade to come back.

For now, projects like Gondi and collections like Pudgy Penguins are keeping the lights on.

But unless we move from JPEG hype to real use cases, lending might become another relic of the last cycle.

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Solana Surges 23% in May, Hits $186 Amid Record 4.1B Transactions

Solana’s May Momentum: Breaking Records and Price Charts

Solana (SOL) is making waves this May, soaring 23% to hit a new 2025 high of $186. The network’s impressive performance is backed by processing a staggering 4.1 billion transactions this month, driven by a surge in meme coin activity and NFT launches .

SOL’s Network Activity Fuels Price Surge

The spike in SOL’S price isn’t just market hype. The network’s ability to handle 3,200 transactions per second at peak capacity showcases its robust infrastructure. However, the increased activity has also highlighted the need for optimized node configurations to manage congestion during high-volume periods .

With a market cap reaching $96.7 billion, Solana’s growth is a testament to its scalability and the increasing demand for efficient blockchain solutions.

Looking Ahead

As it continues to attract developers and users alike, its trajectory suggests sustained growth. The combination of high throughput and active community engagement positions Solana as a formidable player in the crypto space.

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Bitcoin Holds Steady at $108K as Market Eyes Next Big Move

Bitcoin Stays Calm Before the Storm

Bitcoin is chilling around $108,800 today, May 28, 2025, after peaking at $112K earlier this week. The market’s in a wait-and-see mode, with traders watching for the next big move.

Right now, BTC is trading at $108,815, down 0.67% from yesterday. The intraday high hit $110,425, while the low dipped to $108,559. Analysts are eyeing key levels: bullish above $109,725, bearish below $108,825 .

What’s Fueling the Market?

Several factors are in play:

ETF Inflows: Bitcoin spot ETFs pulled in $5.77B in May, marking their best performance since November .
Macro Events: Upcoming Nvidia earnings and the Federal Reserve’s minutes could sway market sentiment .
Institutional Interest: Predictions suggest BTC could reach $140K this summer, driven by institutional investments .

Looking Ahead

While Bitcoin’s price is steady now, the market’s poised for movement. Keep an eye on ETF flows, macroeconomic indicators, and institutional activity. As always, stay informed and trade wisely.BTC Stays Calm Before the Storm

Bitcoin is chilling around $108,800 today, May 28, 2025, after peaking at $112K earlier this week. The market’s in a wait-and-see mode, with traders watching for the next big move.

Bitcoin’s Current Vibe

What’s Fueling the Market?

Several factors are in play:

ETF Inflows: Bitcoin spot ETFs pulled in $5.77B in May, marking their best performance since November .
Macro Events: Upcoming Nvidia earnings and the Federal Reserve’s minutes could sway market sentiment .
Institutional Interest: Predictions suggest BTC could reach $140K this summer, driven by institutional investments .

Looking Ahead

While Bitcoin’s price is steady now, the market’s poised for movement. Keep an eye on ETF flows, macroeconomic indicators, and institutional activity. As always, stay informed and trade wisely.

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Crypto Chaos Unleashed: 5 Wild Stories That Shook the Market Today

Was Straight-Up Wild

If you blinked, you probably missed something. The crypto space was on fire today, from viral celebs dropping tokens to major companies denying billion-dollar rumors. Here’s a quick recap of what went down—and yeah, it was a lot.

Top Highlights in Crypto News Today

First up, Hasbulla—yes, that Hasbulla—officially became a crypto boss. His meme token $BULLA raised $12.5 million in presale in just 19 hours. The internet came through hard, throwing BNB, USD1, and more into the pot before the 24-hour window even closed.

Next, Trump Media and Technology Group made headlines for not doing something. Reports said the company was planning to raise $3 billion to go on a crypto shopping spree. But they clapped back fast—calling the claims dumb and totally fake.

On the tech side, Ethereum gas fees took a dip today thanks to reduced memecoin activity. Meanwhile, Bitcoin is still playing it chill around $109K, with traders watching for a breakout or breakdown.

And in the NFT space? Bored Ape Yacht Club teased a mysterious summer announcement. Again.

Crypto moves fast, and today was proof that meme culture, political drama, and blockchain tech can all crash into each other in the weirdest, wildest ways. Stay tuned—this ride’s not slowing down anytime soon.

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Hasbulla BULLA Token Smashes Presale: $12.5M Raised in 19 Hours

Meme King Hasbulla Goes Crypto

Hasbulla Magomedov just dropped a crypto bombshell. His new meme coin, $BULLA, is live—and the hype is real. In just 19 hours, the token’s presale raked in a massive $12.5 million. That’s not just viral energy—that’s straight-up Web3 domination. Hosted on BNB Chain, the presale let fans send in BNB or USD1 to a public wallet, with a 24-hour-only participation window.

Hasbulla BULLA Token Breaks the Internet

On-chain stats show the momentum was insane from the jump. Within the first 2 hours? $5 million. At the 6-hour mark? $7 million. And before the 24-hour mark even hit, the wallet hit $12.5 million. That included over 16,600 BNB ($11.35M), more than $1.27M in USD1, and smaller deposits of ETH, WBNB, USDT, and USDC.

He’s already a legend on the internet—his face is everywhere. Now he’s turning that viral status into serious crypto muscle. The campaign slogan says it all: “You can’t stop what’s coming.” With fans this locked in, it looks like Hasbulla just kicked off a meme coin movement with real bite.

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Trump Media Crypto Denial: 3 Bold Claims That Were Totally Fake

So here’s the tea—earlier today, the internet went wild with rumors that Trump Media and Technology Group (aka the force behind TruthSocial) was raising a wild $3 billion just to drop it on crypto. Like, seriously? That’s a whole lot of Bitcoin. The rumor, sparked by a report from the Financial Times, claimed the company was about to go full degen and ape into crypto markets with $2 billion in equity and another $1 billion in bonds.

The “Trump Media Crypto” Rumor Gets Dragged

But now, Donalds Media is out here saying “nah, that’s cap.” The company straight-up called the FT sources “dumb” and even dragged the writers, calling them unreliable. That’s not just a denial—that’s a straight-up diss track. The Financial Times tried to draw connections between this alleged plan and Trump’s growing interest in the crypto space—pointing to NFTs, memecoins, and even possible ETFs. They also claimed the company was planning mergers and acquisitions to dive into financial services.

Still, Trump Media wasn’t having any of it. The firm said the entire thing was made up and shut down the $3B narrative hard. In classic Trump style, they left no room for speculation. Bottom line? No crypto buying spree is happening—at least not from them.

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Crypto Chronicles: May 26, 2025 – Market Movements, Meme Coin Mania, and Legal Dramas

What Went Down in the Crypto World Today

So here’s the deal — the crypto scene today, May 26, 2025, was lowkey wild. First off, Bitcoin bounced back, hitting around $109K, climbing after last week’s Trump tariff chaos. Ethereum wasn’t left out either, moving up to $2.5K-ish. Not bad considering the weekend drama.

But it wasn’t all just BTC and ETH. Meme coins like Shiba Inu straight-up bounced back with a 5% pump after a brief dip. The dog coin energy is clearly not dying out anytime soon. Even Wojak trended again after landing new listings.

Crypto Shiba Inu price as of May 26 2025

Then it gets dark. A U.S. crypto investor got charged for literally kidnapping a dude in California to steal his crypto. Like, what? That’s some Netflix crime doc energy right there. Makes everyone rethink sharing wallet info in group chats.

On the legal side, a new U.S. Senate bill called the GENIUS Act might make stablecoin issuers follow way stricter rules. That could majorly shake up Circle and Paxos.

Meanwhile, an Asian food giant, DDC Enterprise, pulled a MicroStrategy and bought 21 BTC for their treasury. That’s how you know big money still believes in crypto.

So yeah, today wasn’t boring. Whether you’re bag holding or rage refreshing charts, you felt the waves.

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Ethereum Climbs to $2,588 Amid Institutional Demand and Pectra Upgrade

Ethereum is making waves this May, surging to $2,588, marking a 3.6% increase as of May 26, 2025 . This uptick is fueled by significant institutional interest and the successful implementation of the Pectra upgrade.

Institutional Accumulation
Major players are showing confidence in ETH. Notably, Abraxas Capital withdrew 61,401 ETH (approximately $116.3 million) from exchanges recently, indicating a strategy to hold long-term . Such moves reduce available supply, often leading to price increases.

Pectra Upgrade Enhances Network
The Pectra upgrade, launched on May 7, 2025, introduces several Ethereum Improvement Proposals (EIPs) aimed at improving scalability and staking efficiency. Key highlights include:

EIP-7702: Allows externally owned accounts to utilize smart contract functionalities.
EIP-7251: Increases the staking limit from 32 ETH to 2,048 ETH, streamlining validator operations.
EIP-7691: Enhances scalability by increasing data blobs per block .

These enhancements are designed to make Ethereum more efficient and attractive to both developers and investors.

Market Outlook
With the successful Pectra upgrade and growing institutional interest, Ethereum’s fundamentals appear strong. Analysts are optimistic about its trajectory, especially with upcoming developments like potential spot ETH ETFs on the horizon .

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Acurast Raises $5.4M to Power World’s Largest Smartphone-Based Decentralized Cloud

Acurast Raises $5.4M to Expand Its Smartphone-Powered Decentralized Cloud

The decentralized cloud computing arena just got a major boost.

On May 26, Acurast revealed it had successfully raised $5.4 million in its latest funding round. The capital will be used to improve its unique cloud infrastructure—powered not by massive data centers, but by a network of over 72,000 smartphones.

The raise, which concluded on May 22, featured a public token sale with a price of $0.09 per ACU token, giving it a fully diluted valuation of $90 million. Buyers were allowed to purchase between $100 and $2 million, ensuring a fair and wide distribution.

Decentralized Cloud, Powered by Phones

According to Alessandro De Carli, its Co-Founder and President of the Board, most of the funds will go into enhancing the protocol that enables verifiable, confidential, and energy-efficient computing—directly from everyday mobile phones.

“Acurast proves that compute can be truly decentralized and energy-efficient, using the phones in our pockets,” said De Carli.

Acurast’s tech supports a range of advanced use cases, including blockchain infrastructure, decentralized AI, and more. With over 256 million transactions already processed, Acurast claims it now runs the most decentralized computing network in the world.

Taking on the Cloud Giants

While tech behemoths like Amazon, Microsoft, and Google still control most of the cloud computing market through billion-dollar data centers, Acurast is flipping the script. Its decentralized cloud leverages the idle computing power of personal devices, rewarding users and fostering a more inclusive and energy-conscious ecosystem.

“The ACU token fuels this new cloud economy,” De Carli added. “Anyone can contribute compute from their mobile phone and become part of a secure, scalable, and decentralized infrastructure.”

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Coinbase Faces New Lawsuit Over Alleged Data Breach Cover-Up

Coinbase Finds More Trouble as It’s Hit with Another Lawsuit

Coinbase can’t seem to catch a break.

Investor Brady Nessler has filed a class action lawsuit against Coinbase Global Inc. (COIN) in the U.S. District Court for the Eastern District of Pennsylvania, claiming the exchange concealed key details about a $20 million extortion attempt tied to a data breach.

Hackers reportedly stole sensitive customer info—like names, addresses, and even identity documents—and then tried to extort Coinbase. Nessler’s lawsuit alleges the company knew about the breach and failed to notify shareholders properly.

“As a result of Defendants’ wrongful acts and omissions… Plaintiff and other Class members have suffered significant losses,” the lawsuit reads.

The class action seeks financial damages, legal fee reimbursement, and a jury trial, but they haven’t issued a public response yet.

This is not the first legal blow for the crypto giant. Earlier this month, Coinbase confirmed hackers bribed third-party contractors to access consumer data, triggering six lawsuits in the aftermath. The company now expects to shell out $180M–$400M in remediation and refunds.

The legal chaos is hitting COIN stock hard. As of the latest update, COIN is trading at $261.16, down 3.23% from the previous close.

Crypto Twitter is buzzing with debate, with some calling for stricter security standards in crypto platforms. As more lawsuits pile up, Coinbase is facing serious pressure to clean up its security—and fast.

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