NFT market rebounds, tops DeFi activity

NFT market sees a rebound in July, overtaking DeFi in user activity and engagement.
PENGU Token’s Social Currency Fuels ETF Bid

PENGU Token’s social currency role supports a unique ETF proposal, highlighting its growing influence in the crypto market.
Memecoins, NFTs Criticized by Architect

The architect of memecoins and NFTs criticizes them, stating they have zero intrinsic value, sparking debate in the crypto community.
NFT Sales Spike in July—but Still Miles Below 2024’s Highs

NFT Sales Spike in July—but Still…
CryptoPunks to Outshine ETH This Cycle, Says Arthur Hayes

Arthur Hayes predicts CryptoPunks will outperform Ethereum in the current market cycle, citing their cultural significance and scarcity as key factors driving value appreciation.
NFT revival to send Ethereum price above all-time high of $4,900 – Animoca

Animoca Brands’ Yat Siu predicts an NFT resurgence could drive Ethereum past its $4,900 all-time high, citing cultural value and recent market growth.
Ethereum celebrates 10 years with symbolic torch NFT and eyes Fusaka upgrade

Ethereum celebrates its 10th anniversary with a symbolic Torch NFT passed among community members, while preparing for the Fusaka upgrade to enhance scalability and network robustness.
Is NFT Mania Coming Back? Sector Adds $1 Billion in a Day

NFT market cap surges by $1 billion in a day, signaling a potential revival. Leading collections like CryptoPunks and Pudgy Penguins see significant price spikes, possibly linked to Ethereum’s recent gains.
Coinbase’s Pudgy Penguin Avatar Change, ETF Hopes Ignite 60% PENGU Rally
Coinbase changed its X profile picture to a Pudgy Penguins NFT, sparking a 60% PENGU token rally and NFT price surge. The move coincided with ETF hopes and a new social media hire.
South Africa’s First NFT Marketplace, Momint, Shuts Down Amid Market Pressures – News Bytes Bitcoin News

South Africa’s first NFT marketplace, Momint, shuts down due to high operational costs, limited growth, and tough funding conditions despite raising $2.1 million in seed funding.