Looks Like BTC will go till 120k and then People will get bullish and that’s when Market will show a heavy Fall and that will be the Last Buy/DCA the dip for this season!!#BTCWhalesMoveToETH #NewHighOfProfitableBTCWallets $BTC
Today's events affected NFTs, crypto exchanges, and tokenized asset regulation.
Sharp Drop in Top NFT Prices
Blue-chip NFT collections recorded double-digit weekly declines as ETH pulled back from its all-time highs.
🟡 Pudgy Penguins fell −17.3% → 10.32 ETH 🟡 BAYC — −14.7% → 9.59 ETH 🟡 Doodles — −18.9% → 0.73 ETH 🟡 Other collections like Moonbirds and Lil Pudgys also dropped by more than 10%.
The main reason is the ETH correction — after hitting a new ATH, the asset fell by 12%.
Gemini Overtakes Coinbase in App Store Rankings
Crypto exchange Gemini (founded by the Winklevoss twins) launched an XRP Mastercard with up to 4% cashback in XRP. Following the launch:
🟡 Gemini jumped to 16th place in the U.S. App Store finance category. 🟡 Coinbase slipped to 20th place.
Interestingly, Coinbase still has three times the daily trading volume, but Gemini's marketing move provided a significant boost.
Regulators Push Back on Tokenized Stocks
ESMA, IOSCO, and WFE have sent a letter to the SEC requesting stricter rules for tokenized stocks.
🟡 According to regulators, such assets "mimic" stocks but don’t provide the same investor rights. 🟡 They expressed concerns about the lack of transparency and buyer protection. 🟡 This could slow down the adoption of tokenized securities, despite their growing popularity on Wall Street.#CryptoRally #MarketPullback #SOLTreasuryFundraising