Nike is being sued for its role in the RTFKT debacle. This venture began with impressive fanfare, only to come crashing down, resulting in more than just an enormous branding faux pas. It's a flashing neon sign pointing to a complex intersection: the volatile NFT market, corporate responsibility, and the...
Nike. The myth The name alone seems to evoke a legacy of athletic excellence, creative ingenuity and… reliability? Maybe used to. But a recent class-action lawsuit filed in Brooklyn alleges just that—a “rug pull” happened in the RTFKT NFT project. This can and should be a deep dive into the...
As exciting and innovative of a space as NFTs is, it certainly isn’t free from legal actions. A new lawsuit has hit Nike and its newly-acquired subsidiary, RTFKT. As with many existing cases, this case underscores the risks and complexities associated with this new digital asset class. The suit explores...
Nike is being sued over what plaintiff calls a “textbook rug pull” with its Non-Fungible Tokens (NFTs). The lawsuit, titled Cheema v. Nike, Inc., alleges that the athletic apparel totem took advantage of the popularity of NFTs. It further claims that Nike misled investors as the market started to turn...
Nike is facing its own lawsuit at the moment. Plaintiffs are proposing more than $5 million in damages, alleging that the company broke consumer protection laws in multiple states. The court case plays out across four states — New York, Oregon, Florida and California. We wish the plaintiffs the best...
The lawsuit against Nike, which seeks more than $5 million, isn’t only about the money. It's a seismic crack in the carefully constructed facade of Web3, revealing the chasm between the utopian promises peddled to Gen Z and the harsh realities of unregulated digital speculation. Nike, a brand synonymous with...
The universe of NFTs, or Non-Fungible Tokens, is the current digital asset wild west craze. It’s an industry where fortunes can be made or lost in the blink of an eye! At Token ATH!, we’re monitoring these advancements, cutting through the noise and BS. One of the most recent cases...
The Nike NFT lawsuit isn’t all about digital sneakers and disgruntled investors. It's a flashing red light signaling a broader vulnerability in our financial system, a system increasingly intertwined with unregulated digital assets. This is not just a crypto issue; this is a market stability issue that requires urgent attention.NFTs:...
The lawsuit against Nike over its RTFKT NFT platform isn't just about virtual sneakers gone sour. It's a flashing red light for the entire NFT space and a stark reminder of what happens when innovation sprints ahead of regulation. The case, led by an Australian RTFKT NFT purchaser, Jagdeep Cheema,...
This week, Nike was hit with a $5 million class action lawsuit after abruptly shutting down its RTFKT NFT platform. According to the lawsuit, Nike’s conduct led to millions of dollars in losses for investors in some NFTs. Jagdeep Cheema, the Australian plaintiff, claims that the platform’s shutdown led to...
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...