The recent sale of CryptoPunk #3100 incurred a loss of almost $10 million for the seller. The sale highlights the volatile nature of NFT investments, particularly when tied to the fluctuating value of cryptocurrencies like Ethereum (ETH). The shocking loss comes as a result of ETH’s value crashing quickly. This...
The world of NFTs, formerly a symbol of digital creativity and highly profitable speculation, has recently faced its own stormy seas. Token ATH! keeps a finger on crypto’s pulse, diving deep into the heart of the blockchain world to dissect recent events and offer insights without the fluff. The recent...
Somebody just made $10 million on a CryptoPunk disappear. Let's be clear: while I might feel a tiny sliver of sympathy, the bigger picture is far more important than one person's misfortune. This isn’t an unfortunate trade deal gone wrong, it’s the entire game rigged against American workers. This particular...
A $10 million loss. Ouch. The lede story is capturing everyone’s attention! Here’s a look at cryptoPunk NFT #3100, which recently sold for $4 million, far below its original sale price. They purchased it for 4,500 ETH (approximately $15.79 million) and sold it for 4,000 ETH (~$6.06 million). Blame is...
So have big players like OpenSea, the leading NFT marketplace. In addition, they recently made an official request to the U.S. Securities and Exchange Commission (SEC) to exempt NFT marketplaces from federal securities laws. The firm has been urging the SEC to issue detailed guidance on this matter. Their focus,...
This is why OpenSea, the largest NFT marketplace, recently implemented a ban. As such, they made an official request to the Securities and Exchange Commission (SEC) that NFT marketplaces not be regulated in the exact same way as normal securities exchanges or brokers. This request comes at a time of...
So, is OpenSea really all that concerned about getting “regulatory clarity” so they can innovate. Or is this action simply the latest stroke of genius by the crypto oligarchs to further consolidate their power and riches. I think it's the latter. We've seen this movie before. A dangerous industry, pretending...
The U.S. Securities and Exchange Commission (SEC) is at it again. This time, their targets are NFT marketplaces, and OpenSea is correct in pushing back. Without the health of OpenSea’s survival is pivotal, facilitating a further 10x growth. It affects the future of all innovation, creativity, and economic opportunity in...
CryptoPunk #3100, one of the rarest NFTs from the famous CryptoPunks collection, has been resold for 4,000 ETH. This one transaction has now cost the former owner well over 10 million dollars. In addition to that 16 million dollar initial purchase price, this NFT sale illustrates how the NFT market...
For their part, OpenSea has been at the forefront of the fight against SEC regulation. The corporation recently claimed that its own non-fungible token (NFT) marketplace doesn’t meet the definitions of an exchange or broker according to existing securities regulations. The company maintains that the regulatory framework designed for traditional...
Bitcoin’s dominance — its share of the total cryptocurrency market cap — is one of the most important technical indicators that so-called “smart money” investors follow. Bitcoin dominance (BTC.D) is the ratio of Bitcoin’s market cap compared to the total market cap of all cryptocurrencies. An increased Bitcoin dominance indicates...
The crypto world is at a crossroads. You’re hearing it from everyone, especially those with old school interests, that Bitcoin dominance is not just going to happen, but that it should be that way. That all altcoins are just “shitcoins” that will eventually disappear. They preach a gospel of digital...
You’ve probably fallen victim to the sexy siren song of the altcoin. They promise high, often unimaginable returns and advertise themselves as the new innovation that will dethrone Bitcoin. Are these just pie in the cybersky? I’m here to explain to you why, for the overwhelming majority of you, they’re...
BTC Dominance Bitcoin’s dominance (BTC.D) continues its bullish run, suggesting a market imbalance in favor of Bitcoin over other crypto competitors. Bitcoin’s dominance of the overall crypto market has gone through the roof. Now it’s getting closer to that truly awe inspiring 75% threshold, a percentage we haven’t achieved in...
XRP is one digital asset that’s gotten the attention of many investors, experienced and inexperienced. It has taken its hits in the crypto world. After a recent 30% decrease, XRP investors are looking for the catalyst that will allow the asset to dance towards the $1.00 mark and beyond. Hiroshi...
Ouch. That 30% plunge since January really hurts the most right now, am I right? Particularly for all of us who invested in XRP expecting a quick moonshot. Why did that 63% chance of reaching an all-time high in 2025 nosedive to just 39%? Yeah, that's a gut punch. We're...
It's been a wild ride, hasn't it? The last four-plus months have passed like a whirlwind. With legs-shaking ascents and gut-twisting descents, a new generation is starting to wonder whether the heyday is over. Since the start of this year, prices have dropped 30%. Now, they stand at about $2.31,...
This is the test. Is Bitcoin truly the people’s currency, or simply a virtual playground for the already wealthy? As analysts whisper about a potentially sluggish Q3 for Bitcoin, with retail investors salivating for a new all-time high that may never materialize this summer, a more uncomfortable truth is bubbling...