According to the insightful blockchain analytics firm Nansen, June 2023 recorded the lowest level of non-fungible token (NFT) royalties, marking a two-year minim for this specific crypto statistic. Concurrently, 342 projects managed to rake in royalties upward of $1M, while the notable top ten collections cashed in a staggering collective royalty amounting to more than $345M.
In even more captivating crypto terms, 20 of such projects crossed the $10M threshold, contributing to over $471M in combined royalties. This is somewhat mirrored in the performance of Yuga Labs, which, come July 4, had received royalties tallying to $165.5M.
Interestingly enough, two Canadian individuals on the brink of adulthood (age 17) landed themselves on the wrong side of the law, after purportedly siphoning $4.2M from a US citizen in Bitcoin and Ethereum. This was achieved via a ploy commonly labeled as a ‘spear phishing’ attack, where they simulated being Coinbase Support personnel to access the man’s financial assets.
Switching tracks to banking news, the Reserve Bank of India (RBI) is presently in extensive dialogue with central banks from an estimated 18 countries, considering the adoption of the digital rupee, its central bank digital currency (CBDC), for cross-border transactions. With CBDC being hailed as the currency of tomorrow, RBI governor Shaktikanta Das expressed his optimism for the technology, anticipating reaching approximately one million local users of the digital rupee by month end.
In similar news, DBS, a bank in Singapore, is now capacitated to collect payments from their clients in digital yuan, China’s CBDC. Merchants can efficiently settle their digital yuan into their bank accounts, suggesting a strong demand for the feature.
Meanwhile, in a move that took many by surprise, the Danish Financial Supervisory Authority has ordered Saxo Bank to offload its crypto asset portfolio. This directive stems from regulatory stipulations that prohibit Danish financial institutions from crypto trading for risk coverage purposes.
On the investment front, Global Millennial Capital Ltd announced the unveiling of their Global Millennial Web3 Investment Program. The founder, Andreea Danila, highlighted the program’s intent, focusing on accelerating visionary technology companies in the Web3, Defi, and blockchain verticals.
Returning attention to exchange news, Solain Exchange and the non-profit organization Caridad Luz recently agreed to a merger, birthing the new cryptocurrency exchange, SOCA Exchange, on July 4. The merger aims to provide more comprehensive investment services and a broader spectrum of public welfare endeavors.
Lastly, Pendle, an Ethereum and Arbitrum-based liquid staking derivatives (LSD) platform, announced its expansion to BNB Chain, potentially offering easier access to advanced yield strategies.
Source: Cryptonews
