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NFT Sales Drop 45% QoQ in Q2

"NFT sales fell 45% in Q2 compared to Q1," CryptoPotato reported, citing NFT data platform Cryptoslam. "NFT sales in Q2 totaled approximately $2.28 billion, the lowest sales volume since Q3 2023, led by the lowest monthly sales volume in June since October 2023. April and May also saw a decline, with $1.2 billion and $616 million respectively. Key metrics such as sales volume, sellers, and buyers in the NFT market declined in Q2, indicating bearish momentum. The short-term bearish trend in Bitcoin is directly responsible for the decline in key metrics such as NFT trading volume."

“Zhao Changpeng's release from prison could boost BNB and 5 other altcoins”

With former Binance CEO Changpeng Zhao set to be released from prison on September 29th (local time), BeInCrypto reports that five altcoins are likely to see an uptick in value. BNB is one of the most prominent coins expected to see price movement following Zhao's release from prison.

blockchain crypto cryptocurrency French Hill blame Gary Gensler (SpotedCrypto)

French Hill : “SEC's approach to regulating crypto firms will only confuse markets”

During a hearing on the Securities and Exchange Commission (SEC) held by the U.S. House of Representatives' Financial Services Committee on March 18 (local time), Congressman French Hill criticized SEC Chairman Gary Gensler's approach to regulating cryptocurrency companies, saying that it is causing confusion and uncertainty

blockchain crypto cryptocurrency us fed ratecut 50bp (SpotedCrypto)

US Fed 'big cuts' interest rates by 0.5 percentage point to bring inflation closer to target, considers another 50 basis point cut later in the year.

The US Federal Reserve's (Fed) Federal Open Market Committee (FOMC) announced in an official statement that it will cut its benchmark interest rate by 0.5%. This is the first rate cut in nearly four years. The Fed raised rates from March 2022 through July of last year.

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