Nike is in the midst of a $5 million class action lawsuit brought by unhappy buyers of its non-fungible tokens (NFTs). Yet the lawsuit goes on to claim that Nike’s hasty actions in shutting down the RTFKT platform voided huge swathes of properties, drastically plunging the market value of digital...
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...
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...
The suit occurs just months after Nike closed down its RTFKT NFT project in December 2024. In early April 2025, one of those lawsuits came crashing into Brooklyn, New York’s courtrooms. It alleges that due to Nike’s actions, the values of the RTFKT NFTs plummeted resulting in catastrophic financial harm...
Nike is facing a lawsuit from crypto investors who allege the apparel giant executed a "rug pull" following the abrupt closure of its metaverse project, RTFKT Studios, in December. The plaintiffs are asking for more than $5 million in damages. They point to consumer protection law violations in New York,...
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...
It goes without saying that playing the cryptocurrency market can be a risky game requiring deep pockets and sharp dealer instinct. As we turn our gaze towards 2025, there are a few cryptos that are worth mentioning due to their growth potential and proven track record. This article examines a...
As a result, Hyperliquid has quickly established itself as an industry leader in the web3 world, having taken the top spot on profitability and trading volume. Recent investments from large wallets such as YG investments have more than doubled the platform’s native token HYPE. Due to the rise, its price...
First Force orchestrated one of the largest NFT drops on The Open Network (TON) through Telegram in recent history. Initial Market Cap $3.29 The Token The $GANG token establishes a unique ownership and utility model for NFTs, incorporating cutting-edge web3 payment methods. This launch was the perfect backdrop for a...
On Monday, Rohun Vora announced his resignation as chief executive, bringing an end to his three-year tenure. He’s the founder behind the DeGods NFT collection. Vora shared news of his exit on X, saying that his tenure as the CEO of DeGods is finished, the overall DeGods story is not....
TrollerCat ($TCAT), a new meme coin, is making waves in the cryptocurrency market with its presale, which began on May 2, 2025, at 6:00 PM UTC. The ultimate project goal is producing genuine utility while providing compelling financial incentives. This strategy sets it apart from the majority of meme coins...
Ethereum has rocketed up to around $2,500 for a historic highwave, a historic roll. The cryptocurrency has exploded by 40% during the past week. In fact, today it increased by another 4%, an extraordinary display of market optimism. At a $311 billion market capitalization, Ethereum is the 40th largest asset...
Non-fungible tokens (NFTs) have taken the world by storm, with news cycles focused on six- and seven- figure sales and willing celebrity participants. The real promise of NFTs is not in speculative price tags and fanfare. NFTs are changing how we show proof of ownership for unique digital assets. They...