Crypto Bureau

🖼 NFT Sales Volumes Crumble By 45% Quarter on Quarter: Data According to data from Cryptoslam, the NFT market experienced a significant decline in monthly volumes during Q2 compared to the first quarter of 2024. Sales volumes in Q2 fell by 45% quarter-on-quarter. In the first quarter of 2024, total sales volumes in the NFT market exceeded $4.1 billion, a substantial increase from the $2.9 billion recorded in Q1 2023. However, in Q2 2024, NFT volumes experienced a significant downturn, reporting a quarterly volume of approximately $2.28 billion, the lowest since Q3 2023.

Circle, the issuer of USDC and EURC, has registered as an electronic money institution (EMI) in France, becoming the first global stablecoin issuer to achieve compliance with the EU’s Markets in Crypto-Assets (MiCA) regulatory framework. MiCA, which the EU passed last year, is the world’s first comprehensive law specifically governing how crypto companies should operate.

🖼 Truth Arts Launches A New Platform Letting NFT Holder Move NFTs Across Ethereum Chains Truth Arts, the digital asset incubation studio and the company behind the popular Goblintown and Illuminati non-fungible token collections has launched a new platform that lets non-fungible token holders bridge their NFTs across the Ethereum ecosystem. In a June 24 blog post, Trust Arts, also known as Truth Labs, confirmed launching a new platform, Portals, that gives the Illuminati and Goblintown communities the power to bridge their non-fungible token collections across several supported chains in the Ethereum ecosystem.

Binance has been ordered to pay a fine of $2.25m by India’s Financial Intelligence Unit for violating the rules under the country’s Prevention of Money Laundering Act.

🖼 RWA platform Swarm Markets to release NFT-tokenized gold The EU’s Markets in Crypto-Assets Regulation (MiCA) stablecoin rules are scheduled to take effect in just over one week. However, Berlin-based RWA tokenization platform Swarm Markets has identified a potential solution by issuing a gold-backed NFT as an asset-backed token.  Swarm Markets intends to enable individuals to acquire NFTs, which represent tangible gold ownership. There will be a London-based Brink’s vault where the gold bars that support the tokenized assets will be stored.

The VanEck Bitcoin ETF has listed on Australia’s ASX with a seed investment of A$985k ($657k), following similar launches in the US and Hong Kong.

🖼 Floor Protocol Announces V2 Beta for NFT Index and Yield Earning Floor Protocol, the pioneer behind BT404, the world’s first NFT index that allows users to earn yield on NFTs, has announced the launch of its V2 beta. Users can access their V1 assets through the platform at v1.fp.io. Floor Protocol is an NFT-Fi liquidity layer that is based on the FLOOR token. It performs daily sweeps of NFT collection floors and earns yield by putting these assets to work in DeFi. The generated yield is then fed back to the Floor Wars, the ultimate goal being to achieve larger weekly sweeps.

Pantera Capital analyst claims Biden is urging the SEC to change its rules privately, aligning his presidential campaign more with the crypto industry despite reluctance to publicly oppose Gary Gensler.

🖼 Mark Cuban sells Pudgy Penguin for $30,000 along with several other NFTs Billionaire Mark Cuban has sold more than a dozen NFTs in recent days including a Pudgy Penguin for more than $30,000, according to one of his OpenSea wallets. The wallet associated with Cuban also appears to be trying to sell Dallas Mavericks-themed Proof of Culture NFT for nearly $50,000.

The number of mobile wallet users in crypto has reached an all-time high of 28m, based on estimates across all tracked mobile wallets for the month.