Solana Phone Sells For $5K On eBay
Hacker of NFT Trader Returns NFTs For Bounty, EVM Gas and Private Lending Surge, FTX Files Plan To End Bankruptcy
Welcome to Coinfeeds Daily Digest! Today we cover new developments in the Bitcoin Ordinals ecosystem as their NFT activity helps OKX NFT marketplace surpass both Blur and OpenSea in trading volume, and the Ordinals-based Tap Protocol raises $4.2 million to further develop on Bitcoin. FTX debtors have filed plans to end its bankruptcy, for which the legal services are costing the company around $53K every hour. The exchange's creditors will likely be facing millions of dollars in losses collectively. In other news, EVM inscriptions have driven daily gas spent to a record $8.2 million, and private blockchain-based lending hit $582 million, doubling from last year.
Market Update
News
Solana Saga Phone Reaches $5K on eBay
The Solana Saga smartphone has become a hot commodity in the tech and cryptocurrency markets, with one unit selling for a staggering $5,000 on eBay, far exceeding its initial price. This surge in demand and price is largely attributed to the excitement surrounding the Solana-based BONK meme coin. | Read More
FTX Files Plan to End Bankruptcy, Creditors To Collectively Lose Millions
FTX Debtors have filed an amended Chapter 11 reorganization plan that suggests a valuation of creditors' claims. Adding to the financial strain, FTX has been hemorrhaging money on bankruptcy-related fees, with reports indicating that the exchange is losing around $53,000 every hour. | Read More
NFTTrader Hacker Returns Stolen NFTs After Bounty
A hacker who had stolen a collection of highly valuable NFTs, including 36 BAYC and 18 MAYC pieces, returned the assets after receiving a substantial bounty. The NFTs, which were taken from the NFT Trader platform, are estimated to be worth nearly $3 million. | Read More
OKX NFT Trading Volume Surpasses Blur and OpenSea Due To Ordinals Activity
The OKX NFT marketplace has taken the lead in the NFT market, outpacing established platforms such as Blur and OpenSea. Data from DappRadar highlights that OKX's trading volume soared to over $50 million within 24 hours, a significant leap compared to Blur and OpenSea's during the same timeframe. | Read More
Daily Gas Spent on EVM Inscriptions Hits Record $8.3M
The cryptocurrency world is buzzing with the latest surge in gas fees due to an unprecedented demand for EVM inscriptions. The daily gas expenditure on these inscriptions has skyrocketed to a record-breaking $8.3 million, causing a significant impact on network performance. | Read More
Blockchain Private Lending Hits $582M This Year
The amount of private loans issued through blockchain technology has reached a staggering $582 million, marking a 128% increase from the previous year. This suggests that more individuals and businesses are turning to DeFi solutions as an alternative to traditional banking, especially in the face of the current interest rates. | Read More