Bybit’s recent announcement to shutter its NFT Marketplace, Inscription Marketplace, and Initial DEX Offering (IDO) product pages isn’t merely a corporate realignment—it’s a glaring signal of profound instability within the entire NFT sector. Fluctuating enthusiasm for digital collectibles has led to a catastrophic 95% drop in trading volumes since the market peak in 2021. This
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The soaring valuations of cryptocurrencies are igniting a potential financial crisis reminiscent of the 2008 economic disaster. Observers, particularly those within European financial circles, are sounding the alarm as ever-growing valuations significantly intertwine with traditional financial markets. The stark reality is that rising crypto values, encouraged by expectations of lax U.S. regulations, present grave systemic
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The cryptocurrency market thrives on volatility, drawing investors with a combination of hope, excitement, and, let’s be honest, a fair amount of fear. Recently, Bitcoin—the flagship cryptocurrency—has been experiencing a price correction that has left many investors trapped in a tumultuous sea of uncertainty. At the crux of this situation lies an intriguing point: could
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The cryptocurrency landscape, once brimming with optimism, now faces a palpable air of uncertainty as Ethereum (ETH) slips down the price ladder, suffering a somber 17% decline over the past month. This trend raises vital questions about the legitimacy of the cryptocurrency market and the resilience of its financial models. Ethereum, the second-largest cryptocurrency by
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