SNEAK PEEK SuperRare’s private sales service enhances onchain transactions, maintaining provenance and royalties. The service offers personalized outreach and negotiations for high-value digital artworks. Private sales are becoming a preferred method for important digital art transactions over auctions. SuperRare, a well-known platform for digital art, has introduced a new private sales service to facilitate the buying and selling of high-value digital artworks.  This service marks a significant shift in how transactions for digital art will be conducted, emphasizing the importance of ma ..read more

SNEAK PEEK CyberKongz fully decentralised Rune No. 2 by sending it to Satoshi Nakamoto’s wallet. The project invested over $1 million to preserve Rune No. 2’s autonomy and integrity. The move could enhance CyberKongz NFT value and boost community engagement in the metaverse. On September 6, 2024, CyberKongz made a landmark decision by decentralizing Rune No. 2 and transferring it to Satoshi Nakamoto’s wallet. This move underscores the project’s commitment to decentralization, which is extremely critical in ensuring Rune No. 2 operates without concentration. The decision reflects the belief th ..read more

SNEAK PEEK Ethereum Foundation to release a financial report addressing spending transparency concerns. Foundation’s $650M holdings allow for a 10-year budget; transparency under community scrutiny. Significant ETH transfers spark backlash; Foundation explains treasury management practices. The Ethereum Foundation is preparing to release a detailed financial report in response to growing community concerns about its spending practices. This follows recent scrutiny regarding the foundation’s budget strategy and transparency, particularly after significant movements of ether from its main walle ..read more

SNEAK PEEK CryptoPunk #6915 sold for 620 ETH ($1.48M), setting a new record in 2024. Ethereum dominates NFT sales, with $4.8M in the past 24 hours, leading over Solana and Bitcoin. CryptoPunks’ floor price surged 20% since August, reflecting a broader NFT market recovery. CryptoPunks have once again made headlines in the NFT market with the recent sale of CryptoPunk #6915 for a record-breaking 620 ETH, roughly $1.48 million. The sale of CryptoPunk #6915 has once again captured the attention of the crypto community. Initially, the buyer offered 550 ETH for the NFT but later increased the bid t ..read more

SNEAK PEEK Magic Eden leads NFT market in August 2024, securing 36.7% share with $122.47M trading volume. Blur’s market share drops to 25.4% with an 83.2% decline in trading volume since January 2024. NFT market facesa downturn, with total August sales falling to $374M, far below March’s $1.6B peak. Magic Eden has emerged as the leading non-fungible token (NFT) marketplace, claiming the largest market share in August 2024. With a trading volume of $122.47 million, Magic Eden secured 36.7% of the total NFT market share, outpacing rivals such as Blur and OpenSea.  This marks the sixth cons ..read more

SNEAK PEEK SEC targets OpenSea with a Wells notice, hinting at potential regulatory actions against NFTs. NFT market declines sharply, yet average transaction value increases by 27% amid fewer sales. Trump’s “America First” NFT earns $2.2M, despite overall market downturn and community criticism. The United States Securities and Exchange Commission (SEC) has issued a Wells notice to OpenSea, the leading NFT marketplace, indicating potential regulatory action against the company. This move from the SEC comes as the NFT market faces a significant downturn, with monthly sales dipping below $400 ..read more

SNEAK PEEK U.S. spot Bitcoin ETFs saw $287.78M in outflows amid a 4% drop in Bitcoin prices. Major ETFs like Fidelity’s FBTC and Grayscale’s GBTC led the significant withdrawals. Broader market selloff, weak U.S. economic data drove negative sentiment across ETFs. On Tuesday, U.S. spot Bitcoin exchange-traded funds (ETFs) faced substantial net outflows, marking the largest negative flows since early May.  According to data from SosoValue, these ETFs recorded $287.78 million in outflows, reflecting the ongoing volatility in the cryptocurrency market. The significant outflows come as Bitco ..read more

SNEAK PEEK Kwon’s $63.9M Bitcoin transfer deepens scrutiny amid ongoing legal battles and extradition process. Third major BTC move raises questions about Kwon’s financial actions during legal proceedings. Kwon’s cryptocurrency activities continue to impact ongoing trials and the wider crypto market. Over two years have passed since Terra-UST collapsed, sending shockwaves through the cryptocurrency market. Amid this turmoil, Do Kwon, the founder of Terraform Labs, is embroiled in ongoing legal battles.  As extradition proceedings continue, questions remain about whether Kwon will face tr ..read more

SNEAK PEEK Solana secures its spot as the second-largest NFT blockchain despite a 41.69% market drop. Solana’s average NFT sale price holds steady at $66.62, surpassing the market average of $51. Solana’s scalability and low fees make it a resilient player amid declining NFT transaction volumes. Solana recorded a move in August 2024, recording $79 million in NFT sales, securing its position as the second-largest blockchain by NFT sales volume. Despite the overall decline in the NFT market, Solana maintained its standing, trailing only behind Ethereum, which led the market with $131 million in ..read more

SNEAK PEEK Vitalik’s “glue and coprocessor” architecture optimizes resource-intensive computations efficiently. Ethereum’s EVM uses this architecture to balance business logic with intensive operations. Cryptography benefits from specialized processing in modern computing, enhancing efficiency and security. Ethereum co-founder Vitalik Buterin discusses a modern computing trend that leverages a “glue and coprocessor” architecture to enhance efficiency in resource-intensive computations. This architecture divides tasks into “business logic” and “expensive work,” enabling a more modular and effi ..read more