China News by Thebittimes.Com

The global non-fungible token market shows remarkable signs of recovery, though it hasn’t fully returned to its peak levels. Despite a brutal downturn in the past several months, the NFT market has surged positively for the third week. In the past seven days, the global NFT market has raised a trading sales volume of more than $100 million. Below, we have listed some of the top-selling NFT collections this week: 1. CryptoPunks NFT Collection CryptoPunks, a globally acknowledged non-fungible token collection featuring a fixed edition of 10,000 Ethereum pixilated NFTs previously created by the digital asset firm Larva Labs but now managed by Infinite Node Foundation, is this week’s most-selling NFT collection in the global NFT market. In the past 24 hours, the CryptoPunks NFT collection has recorded a trading sales volume of 287 ETH. During this time, the CryptoPunks NFT collection has a market cap of $1.1 billion and a floor price of $118,914. 2. Bored Ape Yacht Club NFT C...

OpenSea, one of the largest non-fungible token market platforms, has successfully added support for the Abstract blockchain network. This integration now gives its crypto users a good chance to mint top Abstract-based NFT collections, including the Abstract Pepes and Abstract Punks NFT collections. The OpenSea NFT marketplace now supports nearly twenty blockchain networks on its platform. Abstract NFTs Go Live On OpenSea Marketplace In a May 14 blog post, the OpenSea NFT team confirmed adding support for the Abstract blockchain network on its platform. This integration came just a few months after the NFT market platform added support for the Ronin, an Ethereum Virtual Machine (EVM) blockchain network created by Sky Mavis, the NFT company behind the popular Axie Infinity non-fungible token game. Where cultural relevance meets community.@AbstractChain NFTs and tokens are now live on OpenSea. pic.twitter.com/BaThDyGW4G — OpenSea (@opensea) May 13, 2025 Launched in 2017, OpenS...

The Pudgy Penguins price plunged more than 12% in the last 24 hours to trade at $0.01192 as of 10:49 p.m. EST as investors dump their holdings in the meme coin on the market. With this sharp drop in the PENGU price, the crypto has emerged as the biggest 24-hour loser in the crypto market, according to CoinMarketCap. Pudgy Penguins Price Prints A Lower High 4-hour chart for PENGU/USD (Source: GeckoTerminal) The Pudgy Penguins price printed a second lower high on the 4-hour chart in the last 24 hours, resulting in the formation of a medium-term negative trend line, GeckoTerminal data shows. Now, the meme coin is resting on the support level at $0.01146. Should it drop below this technical safety net within the coming few hours, PENGU could plunge to $0.00999. On the other hand, traders identifying the crypto’s current price as a buy opportunity might lead to a more bullish scenario playing out. In this alternative case, the Pudgy Penguins price will likely attempt to breach ...

As 2025 unfolds, the meme coin market remains a dynamic area in crypto, with five key projects to watch. These projects show strong potential for returns ranging from 25x to 100x. Despite periods of market volatility, meme coins are seeing renewed interest. With the fear and greed index currently at 61, now could be the right time to position for a potential market shift. Here are the meme coins to consider for investment in January. Pepe (PEPE) Pepe coin has witnessed remarkable growth as 2025 begins, experiencing a notable surge in the first week of the year. A broader market uptrend has fueled Pepe’s rise to 21st in market cap rankings, surpassing the 420 level and achieving a valuation of $8.4 billion. Over the past week, Pepe has posted a 13.3% gain, recovering from the losses incurred in December. A major catalyst behind this rally was Elon Musk’s profile update featuring a Pepe-themed image, reigniting interest in the token—mirroring his past influence on D...

Holders of FTX’s FTT will be allocated 0.35% of the new Pudgy Penguins token PENGU, according to the NFT project’s distribution plan.  Pudgy Penguins announced the launch of PENGU early on Friday. A total of 88 billion tokens will distributed, with 17.8% allocated to the project’s team, 25.9% to NFT holders, and 12.35% to liquidity.  FTT holders will receive a share of 308 million tokens. Since the announcement, FTT rose by 7.7% to $3.75 before falling back to $3.39. However, roughly 13 hours beforehand, it had climbed 40%.  X user @DarkCryptoLord claims this pre-pump was a sign that “ someone’s committing crime in broad daylight ” and accused the Pudgy Penguins team of insider trading.  FTT holders??? Wow congrats for that insider trading pic.twitter.com/VeycGB8Ouh — Dark Crypto Larp (@DarkCryptoLord) December 6, 2024 @DarkCryptoLord believes FTT’s price action 13 hours before PENGU’s launch is a sign of insider trading. Read more...

Ethereum, a decentralized blockchain network renowned for powering the majority of blue-chip non-fungible token collections, is once again the star of the NFT market. Ethereum began shining in the NFT market earlier this week after most blue-chip NFTs spearheaded by the famous Bored Ape Yacht Club retested a short-market bull run. Bored Ape Yacht Club pic.twitter.com/1vTWEi91Ue — GordonGoner.eth (Wylie Aronow) 🍌 (@GordonGoner) August 16, 2024 Data compiled by CryptoSlam.io, an on-chain crypto market data analytics firm and a renowned non-fungible token explorer, shows that the Ethereum-based non-fungible token collections have significantly surged this week. In the past 24 hours, the Ethereum-based NFT collection has attracted a trading sales volume of $6.8 million, up 54% from the past day. Bored Ape Leads Again In Daily NFT Sales Volume Bored Ape Yacht Club, a non-fungible token collection from the digital asset incubation studio Yuga Labs that Features ...