The NFT market is experiencing a paradoxical surge, with transaction volumes climbing by 20.67% to $122.6 million, despite a drastic decline in market participants—buyers down by 89.08% and sellers by 82.62%. Meanwhile, a significant transaction was noted as a whale purchased 2,000 ETH for approximately $5.9 million, indicating continued interest from large investors. In the corporate sphere, Thai firm DV8 is pivoting to focus on Bitcoin finance under new leadership, aiming to innovate in decentralized finance and digital banking. Additionally, BlackRock’s iShares Ethereum ETF has surpassed 2 million ETH holdings, representing 1.65% of Ethereum’s total supply. On the mining front, the U.S. has seen a slight decrease in its global Bitcoin mining share, now at 35.81%, while Russia’s capacity is on the rise, highlighting a shifting landscape in the cryptocurrency mining sector. These developments reflect the dynamic nature of the cryptocurrency market, where growth and decline coexist in various segments.
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