- Cryptonews

NFT Market Cap Jumps 21% to $6.3B Overnight — What’s Going On?

The NFT market roared to life on Monday, jumping more than 20% in a single day, with total market cap rising from $5.1b to $6.3b. After months of stagnation, renewed interest in Ethereum-based collections appears to be driving the sudden revival. A major catalyst came in the form of a...

, by Shalini Nagarajan

Snoop Dogg’s Digital Collectibles Generate $12M in 30 Minutes – NFTs Making a Comeback?

American Rapper Snoop Dogg's newest NFTs collection achieved a complete sellout within 30 minutes, accumulating more than $12 million in sales via Telegram. Telegram's founder, Pavel Durov, celebrated the achievement on July 9, announcing that blockchain minting capabilities and secondary...

, by Anas Hassan

NFT Trading Falls Fifth Consecutive Quarter Down 80% to $823M, DappRadar Reports

NFT trading volumes plummeted for the fifth consecutive quarter, declining 80% to $823 million in Q2 2025 from $4 billion during the prior-year period, according to DappRadar data. The sharp decline marks the weakest performance since the NFT market peaked in 2022 when annual trading volume...

, by Anas Hassan

SOL-Based NFT Marketplace ‘Solsniper’ Clarifies Shutting Down Only NFT Products

Solana non-fungible token (NFT) marketplace Solsniper announced Friday that it is shutting down its 3.5 years of operation, including delisting NFTs and removing bids. The platform will close on June 13, 2025, at 12 PM PST, the post on X, noted. “We will be automatically delisting everyone's...

, by Sujha Sundararajan

Labubu Meme Coin Shows Brands Merging With Blockchain, But Will The Token Catch On?

From New York to Paris, the hottest fashion accessory to hit the market is currently an “elvish creature” with large eyes and a rather mischievous look. Known as a “Labubu,” the toy sold by Chinese company Pop Mart can be seen dangling from impossibly expensive Hermès and Miu Miu purses....

, by Rachel Wolfson

Solana Trump NFTs Airdropped to Crypto Dinner Guests, High Secondary Market Sales

In a striking intersection of politics and blockchain, attendees of Donald Trump’s exclusive crypto dinner in Washington, D.C., have been rewarded with Solana-based NFTs, some now selling for over 99.9 SOL (~$16,000) on secondary markets. The event, held in May at Trump’s golf club, catered...

, by Jimmy Aki

Orange Cap Games Acquires Moonbirds NFT IP from Yuga Labs

Yuga Labs has sold the Moonbirds NFT collection to Orange Cap Games, transferring ownership of one of Web3’s most recognized art IPs after months of silence from its previous team. The deal includes the Moonbirds, Mythics, and Oddities collections and marks a new direction for both...

, by Hassan Shittu

NFT Lending Volume Crashes 97% as Sector ‘Matures’, says DappRadar

The non-fungible token (NFT) lending market is undergoing a collapse in volume and user activity. Blockchain analytics platform DappRadar released a report on May 27 showing that the NFT lending market dropped from nearly $1 billion in monthly volume to just over $50 million in May 2025,...

, by Rachel Wolfson

NFT Lending Market Crashes 97% as Users and Loan Sizes Plummet

The NFT lending market has tumbled by 97% from its January 2024 peak, dropping from nearly $1 billion in monthly volume to just over $50 million in May 2025.

, by Amin Ayan

Nike Faces $5M Lawsuit Over Losses From Shuttered NFT Venture

Nike is facing a lawsuit from a group of investors who claim the company’s abrupt shutdown of its digital collectibles venture, RTFKT, wiped out the value of their purchases and left them facing heavy losses. In a class action filed on Friday in Brooklyn federal court, Australian resident...

, by Shalini Nagarajan

EXCLUSIVE: Ledger and Pudgy Penguins Reveal Limited-Edition Custom Device and Cases

Major crypto wallet Ledger has partnered with the popular Pudgy Penguins non-fungible token (NFT) collection to launch a limited-edition device and complementing protective cases. According to the press release shared with Cryptonews, the products will launch at TOKEN2049 Dubai on 29 April....

, by Sead Fadilpašić

NFT platform Metaplex Faces Legal Threat Over Plan to Sweep Unclaimed SOL into DAO Treasury

The NFT ecosystem on Solana is facing a legal and reputational crisis as Metaplex, the leading protocol behind Solana's NFT standard, prepares to sweep over 54,000 unclaimed SOL, worth approximately $7.3 million, into its DAO treasury. Burwick Law, the New York-based firm, known for...

, by Hassan Shittu

Ledger and Pudgy Penguins Tease Collaboration

Major crypto wallet Ledger has suggested an upcoming collaboration with the popular Pudgy Penguins non-fungible token (NFT) collection. On Thursday, Ledger posted a brief teaser on Twitter, writing: “Something cool and secure is coming your way...keep an eye out.” It went on to tag Pudgy...

, by Sead Fadilpašić

SEC Closes Investigation Into NFT Gaming Project CyberKongz

The US Securities and Exchange Commission has formally closed its investigation into CyberKongz, a prominent Ethereum-based NFT and gaming project, with no enforcement action taken, the team announced on Tuesday. CyberKongz described the decision as a landmark moment, ending what it called...

, by Shalini Nagarajan

Pennsylvania Man Who Made Millions Flipping NFTs Faces Charges After IRS Investigation

A Pennsylvania resident has pleaded guilty to federal charges after failing to report millions in earnings from trading NFTs.

, by Ruholamin Haqshanas

Magic Eden Acquires Slingshot, Steps Away From NFT Focus

Non-fungible token (NFT) marketplace Magic Eden says it has acquired crypto trading app Slingshot. According to the press release shared with Cryptonews, this acquisition will enable Magic Eden to move away from being an NFT and digital asset platform. Instead, it plans to become “the most...

, by Sead Fadilpašić

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