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Crypto News

Jefferies Sees the NFT Market Reaching More Than $80 Billion in Value by 2025

The convergence of the digital and physical worlds is taking shape, with non-fungible tokens (NFTs) allowing brands to expand their reach into “digitally-enabled experiential tie-ins,” Jefferies said in an analyst note. The bank raised its NFT market-cap forecast to more than $35 billion for 2022 and to over $80 billion for 2025, analysts led by […]

Crypto News

Polymarket’s New Airdrop Futures Market Has Answers

“‘Wen token?’ is one of the most asked questions in crypto,” Polymarket founder Shayne Coplan told CoinDesk. “What’s great about the Airdrop Futures is that it can combat asymmetric information. You can see the probabilities according to an actual free market. It’s a really powerful idea.”

Crypto News

Market Wrap: Altcoins Rally as Bitcoin Buyers Return

Bitcoin rose above $43,000 on Wednesday, suggesting that a recovery from a two month-long downtrend is underway. Alternative cryptocurrencies (altcoins) such as FTM, XLM and the popular dog-themed shiba inu (SHIB) token led the way higher, all up more than 10% over the past 24 hours. The rally in altcoins, which typically outperform bitcoin in […]

Crypto News

Market Wrap Year-End Review: Altcoins and NFTs Rally

It had been clear since March just how far this year’s crypto craze extended beyond bitcoin, when a piece of digital artwork sold for $69.3 million at a Christie’s auction by crypto artist Beeple. In the wake of breathless headlines in traditional media outlets like the New York Times, the potential riches from selling non-fungible […]

Crypto News

Crypto Futures See $300M in Losses After Spot Market Drops

Bitcoin prices rose above $52,000 on Monday before tumbling as much as $3,000 early Tuesday, causing over $94 million in liquidations. Such figures were last seen earlier this month after bitcoin fell as low as $41,000 from highs around $69,000 in November. Losses due to liquidations exceeded $435 million at the time.