🤖 Techy… Bitcoin ordinals sales nosedived by as much as 92% from their May peak. The bitcoin NFTs had juiced transaction volumes, but the plunge — far outpacing NFT declines — suggests the trend’s gone cold.
⚖️ Judgy… A former manager at NFT marketplace juggernaut OpenSea was sentenced to three months in prison for insider trading of tokens. It’s the first NFT insider-trading conviction, and comes as regulators crack down on crypto.
🪙 Coins… Circle said it’ll expand its stablecoin USDC to six additional blockchains and that Coinbase will take an equity stake in the biz. Circle’s recently seen its share of the stablecoin market shrink, and it faces new competition from PayPal’s PYUSD.
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