NFTs Are Worthless? Why Gmoney Took Out a $1 Million Loan on His CryptoPunk
Gmoney tells Rug Radio’s “FOMO Hour” why he opted to borrow against one of the most recognizable PFPs in crypto.
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Why this matters
This nft story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on DecryptRelated market context
Bitcoin ETFs Bleed $484.9 Million As BlackRock Leads A Broad Day Of Outflows
TL;DR: US spot Bitcoin ETFs recorded $484.9 million in net outflows on October 7, according to Farside Investors. BlackRock’s IBIT...
US Government Shifts $1 Billion in Bitcoin, $94 Million in Tether
The U.S. government’s cryptocurrency shuffle isn’t over. Following two days of bitcoin transfers totaling $770 million, federal wa...
Sui’s Hashi Bitcoin Finance Network Launches With More Than $500 Million Committed
TL;DR: Hashi, Sui’s native Bitcoin finance infrastructure, will begin a phased mainnet rollout later this month with more than $50...
From Zero to $8 Million: Satoshi-Era Bitcoin Awakens After 16 Years
On Oct. 7, Galaxy Research disclosed that it had identified a batch of 100 bitcoin mined in July 2010 that had finally stirred aft...
Large wallet moves $150 million in USDT from Aave to Spark Savings
The $150M shift highlights DeFi's liquidity concentration, impacting borrowing costs and signaling a preference for stability over...
Wallet Shifts 150 Million USDT From Aave to Spark Savings
Aave’s Ethereum USDT reserve showed $169.54 million in available liquidity on Oct. 8, after withdrawals coincided with double-digi...