Weekly Review: U.S.’s First Press Conference On Bitcoin And Digital Assets, and Christie’s Reveals First Auction Dedicated to AI Art ...
NFT Weekly News #83 4th February - 10th February
NFT News Weekly Update #83
(04/02/2025-10/02/2025)
GM
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Top News 🔝
📌 Macro | President Trump’s Crypto Czar Hosts U.S.’s First Press Conference On Bitcoin And Digital Assets (5 Feb)
On February 4, 2025, White House AI and Crypto Czar David Sacks held the first U.S. press conference on Bitcoin and digital assets. He emphasized the administration’s commitment to crypto innovation and plans for clear regulatory frameworks. Sacks also highlighted the need to balance technological progress with consumer protection and financial stability. The event signaled a shift towards more supportive U.S. cryptocurrency policies.
📌 Art | 'Augmented Intelligence': Christie’s Reveals First Auction Dedicated to AI Art (9 Feb)
Luxury auction giant Christie’s is set to host its first-ever sale composed solely of artworks made with AI—a key art world stamp of approval for the novel and at-times controversial technology.
The auction, titled “Augmented Intelligence,” will be open for bidding and on view at Christie’s Manhattan gallery from February 20 to March 5. Per Christie’s, it is the first AI-dedicated sale ever put on by a major auction house.
Market Update 📣
Last week, the primary NFT PFP projects that saw significant sales included Crypto Punks, BAYC and Azuki. The collection is famous for their charming characters and distinctive designs, which make them very popular in the NFT market.
In the realm of Art NFTs, Winds of Yawanawa, Chromie Squiggle, and ACK Unique Edition have made the list. Notably, Chromie Squiggle #8030 has reached a selling price of 58.5 ETH.
Credit to: NFTPriceFloor
Other News 👀
📌 NFT | Hoodie Punk trades for $550k (7 Feb)
Punk #8868 bought for 206 ETH ($555,608.76 USD) by 0x1919db from 0xbbaf6d. Punk #8868 features three attributes: Hoodie, Shadow Beard, and 3D Glasses.
📌 Art ｜ Beeple Announces HUMAN ONE: Chapter 5 (5 Feb）
On February 11, renowned digital artist Beeple unveiled the fifth chapter of HUMAN ONE. This latest update was first showcased last year at the Deji Art Museum in Nanjing, China, and explores the origins of the singularity.
As with previous releases, Beeple has embedded a hidden seed phrase within the video. Those who successfully decipher it and access the designated wallet will be able to claim one of two exclusive HIDDEN GEM NFTs.
📌 L1 | Berachain Launched on 6th Feb (6 Feb)
Berachain's mainnet will launch on February 6th, 2025. TGE will occur at the same time as mainnet launch.
📌 Prediction market | Robinhood halts Super Bowl bets a day after launch on CFTC request (5 Feb)
Robinhood Markets has suspended Super Bowl betting after receiving a request from the Commodities and Futures Trading Commission to nix its customers’ access to the event contracts.
The halt comes just a day after Robinhood launched the product in partnership with prediction market Kalshi.
📌 Meme | Pump.fun denies Token Launch Rumors (9 Feb)
Solana-based Pump.fun has dismissed speculation about an imminent token launch. Co-founder Alon Cohen claimed that the leaked tokenomics and launch plans were false.
📌 NFT | CryptoPunks dominance has reached a new local high (9 Feb)
CryptoPunks dominance has reached a new local high of 46%. We saw a steady decline in dominance at the end of 2024, dropping to 30% levels. However, after $PENGU and $ANIME catalysts are gone, the dominance of CryptoPunks is on the rise again.
NFT Chain Volume 💎
Over the past week, NFT marketplace volume went down to $105.5 million from $137.6 million of two weeks ago.
Ethereum claimed the top spot with a 78% market share while with $82.3M chain volume. Solana and Bitcoin are ranked 2nd and 3rd, with 8.3% and 5.8% chain volume respectively.
The Weekly Top 3 NFT PFP projects by trading volume are Pudgy Penguins, Azuki, and Bit Bears By Berachain, with 7-day trading volumes of 4.4K, 2.6K, and 2.1K ETH, respectively.
Credit to : @NFTpulse
Memecoin Market Cap and Volume 🔑
Over the past week, the market cap for memecoins reached $70.1B on February 10, marking a 1.73% increase from the previous week.
Meanwhile, daily trading volume dropped to $9.56B on February 10th, reflecting a 65.27% decline compared to last week.
Credit to : @CoinMarketCap