Web3 Weekly Review: Trump's support on BTC, Harris' possible reset of crypto stance, Michigan pension fund's allocation on BTC ETF...
NFT Weekly News #57 22th July - 28th July
NFT News Weekly Update #57
(22/07/2024-28/07/2024)
GM
Welcome to NFT Weekly News by Threekeyslab🗝️🗝️🗝️. Here you can find the latest curated news📰in the NFT world. Every week, we aim to provide a selection of the most interesting news and events that are fostering the development of the NFT world.
The NFT field is constantly evolving, and this article will review last week's Top🔝NFT news. Let's take a look👀together!
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Top News 🔝
📌 Crypto Macro | Trump Backs U.S. Bitcoin Reserve and Says Democrat Win Will Be Disaster for Crypto (Jul 28)
Former U.S. President Donald Trump promised to maintain a "strategic national bitcoin reserve" and "never sell" the government's seized bitcoin in a freewheeling speech.
Leading up the event, there had been speculation and hope among crypto fans that Trump would announce such a reserve.
📌 US Politics | Democrats Pushing Harris Campaign for 'Reset' on Crypto Stance, House Rep Says (Jul 27)
U.S. Vice President Kamala Harris “understands” crypto and may embrace it as an issue in her nascent campaign for the White House, Rep. Wiley Nickel (D-NC) said at the Bitcoin Nashville conference on Saturday.
"We had a total reset of the presidential election," Nickel said, adding "we’ve been working hard to get a reset from Vice President."
BTC | Michigan Pension Fund Allocates $6.6 Million to Bitcoin ETF (July 27)
Bitcoin investment makes up 0.004% of the pension fund’s total assets, which amount to $143.9 billion. Michigan’s Retirement System has joined the growing list of pension funds investing in Bitcoin. As reported by BeInCrypto, the State of Wisconsin Investment Board (SWIB) made a $99 million investment in Bitcoin through BlackRock’s IBIT ETF.
Market Update 📣
Last week, the primary NFT PFP projects that saw significant sales included BAYC, Crypto Punks and Milady. These collections are famous for their charming characters and distinctive designs, which make them very popular in NFT market.
Chromie Squiggle, Winds of Yawanawa and Fidenza stood out as the main NFT Art projects sold last week. Winds of Yawanawa has experienced in the past week an increase in trading price, reclaiming public attention through its distinct aesthetic senses and creative ingenuity.
Credit to: @Deepnftvalue
Other News 👀
NFT | Boldinals mint goes live the July 22 (July 22)
Web3 | Doodles Unleashes Next-Gen Media Platform(Jul 25)
Doodles is expanding its reach into the digital media landscape with the launch of Doodlesᵗᵛ. This platform aims to bridge the gap between artists and their communities, offering fans exclusive access to premieres of music, films, and digital artwork. The platform is token-gated, meaning only those with specific tokens can participate in these unique cultural moments.
Web3 | Pudgy Penguins parent raises $11m for L2(Jul 25)
Igloo, Inc., the parent company behind the Pudgy Penguins NFT collection, has raised $11 million to establish Cube Labs.
Founders Fund led the financing round with participation from Fenbushi Capital, 1kx, Everest Ventures Group and Selini Capital.
Meme | Celeb memecoins down 94% on average(Jul 26)
Jupiter Slorg statistics show that last month, 30 MEME tokens launched by celebrities appeared on the Solana, covering well-known figures from Andrew Tate to Soulja Boy. The average decline from the ATH was 94%. Even the best-performing tokens fell by more than 70%, and half of the tokens fell by more than 99%.
Meme|Solend to launch platform to short memes(Jul 25)
@solendprotocol launched @dumpydotfun platform for shorting Solana Memecoins. Its Beta version is going to start the 30th July.
Weekly NFT Marketplace Trading Volume Across Major Blockchains 📣
Over the past week, the NFT marketplaces reduced to a total volume of $88.9 million in total. ETHEREUM stays at 1st rank, with market share 40%.
Credit to : @NFTpulse