Tarique Mansuri Adidas Studio has unveiled its first digital artist residency program, RESIDENCY, aiming to support and showcase digital artists in the NFT space. This initiative reflects Adidas’s commitment to embracing digital art and blockchain technology.
The iconic toy car brand Hot Wheels has introduced its NFT Garage Series 6, offering digital collectibles that appeal to both traditional toy enthusiasts and digital art collectors. This move signifies the brand’s ongoing efforts to blend physical and digital play experiences.
DraftKings has reached a settlement with the National Football League Players Association (NFLPA) regarding a lawsuit over the use of NFL player likenesses in NFTs. The dispute arose from a partnership that allowed DraftKings to create and sell NFTs of NFL players for fantasy sports. Legal challenges concerning the classification of these NFTs as securities … Read more
The Australian Open’s NFT program, which allowed fans to purchase digital representations of tennis balls linked to specific court locations, has seen a significant decline in value. Initially launched in 2022, the NFTs have reportedly dropped up to 90% in value. Tennis Australia has shifted focus to other digital ventures, leaving the NFT project inactive … Read more
Crypto billionaire Justin Sun is suing entertainment mogul David Geffen over the possession of Alberto Giacometti’s sculpture “Le Nez.” Sun alleges that his former art adviser forged his signature to sell the piece to Geffen without his consent. Geffen’s legal team maintains that the purchase was legitimate. This case highlights the complex interactions between the … Read more
Canary Capital has listed its Litecoin Spot ETF under the ticker LTCC on the Depository Trust & Clearing Corporation (DTCC). This move provides investors with more avenues to gain exposure to alternative cryptocurrencies beyond Bitcoin, reflecting the expanding diversity in crypto investment products.
U.S. spot Bitcoin ETFs have recorded three consecutive days of net outflows, indicating a potential shift in investor sentiment. Despite this, the overall interest in cryptocurrency investments remains robust, with new products and institutional participation continuing to grow.
In a significant development for the cryptocurrency industry, Coinbase Global Inc. announced that the U.S. Securities and Exchange Commission (SEC) has agreed to dismiss its lawsuit against the company. The SEC had previously accused Coinbase of operating unlawfully by failing to register as a national securities exchange, broker, or clearing agency. This decision marks a … Read more
The establishment of President Donald Trump’s crypto advisory council has ignited fierce competition among industry leaders and major donors seeking to influence future digital currency regulations. The council aims to support innovation in digital assets and develop national policies, addressing critical issues such as the classification of cryptocurrencies and regulatory oversight. Prominent figures like Ripple’s … Read more
In 2024, cryptocurrency scams reached unprecedented levels, with total scam revenue estimated between $9.9 billion and $12.4 billion. A significant contributor to this surge is the rise of “pig butchering” scams, where fraudsters build fake relationships to deceive victims into fraudulent investments. The increasing use of generative artificial intelligence (GenAI) has made these scams more … Read more