WSJ says ‘The NFT market is collapsing,’ but the data says otherwise
An article by the WSJ suggesting the nonfungible token market is “collapsing” doesn’t show the full picture, as contrasting analysis reveals a consolidation is instead taking place.
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
An article by the WSJ suggesting the nonfungible token market is “collapsing” doesn’t show the full picture, as contrasting analysis reveals a consolidation is instead taking place.
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 CointelegraphRelated market context
Anthropic tokenized pre-IPO volume hits $643M, but liquidity test looms
Anthropic’s planned IPO could force a fast-growing crypto derivatives market to reconcile its synthetic valuation with Wall Street...
Bitcoin gains as rate hike expectations ease after soft PCE data
Bitcoin's sensitivity to macroeconomic data highlights its evolving role in financial markets, with institutional demand showing s...
UK Brings Crypto Under Full FCA Oversight for the First Time
Bitcoin Magazine UK Brings Crypto Under Full FCA Oversight for the First Time The UK’s Financial Conduct Authority has opened appl...
Bitcoin’s Price Jumps Above $85,000 on Lighter-Than-Expected Inflation Data
Bitcoin Magazine Bitcoin’s Price Jumps Above $85,000 on Lighter-Than-Expected Inflation Data Bitcoin’s price rose — albeit slightl...
SEC changes token buyback guidance as spending hits $638M
The US Securities and Exchange Commission tightened its guidance for crypto token buybacks just three days after publishing it. On...
Abracadabra Moves to Shut Down MIM Stablecoin, Offering Holders Roughly 4 Cents per Token
The team running Abracadabra has proposed shutting down the lending protocol and its Magic Internet Money (MIM) stablecoin, with M...