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OpenSea reactivates NFTs: Trading rewards and new integrations with video games are generating a resurgence in NFT activity on Ethereum. The transition from speculation to functional use is consolidating

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Binance Launches Alpha Seraph Initiative to Develop Web3 in Asia

What's New?
• Joint project between Binance Labs and AlphaVerse, titled “Alpha Seraph”.
• Aims to build a Web3 ecosystem that includes NFT games, Metaverse experiences, and digital financial products.
• The primary focus will be on the Asian market.

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💬 David Schwartz: XRP Ledger “Bigger than just XRP”

Statement:
David Schwartz emphasized in a recent interview that the XRPL should not be reduced to merely being a network for XRP only.

Broader Vision:
• Support for smart contracts.
• Issuance of tokens and meme coins.
• Launch of native DeFi and NFTs projects.

Analysis:
Ripple is clearly trying to transform the XRPL into a comprehensive Layer-1 system that competes with Ethereum and Solana.

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SEC confirms closure of investigation into OpenSea marketplace

The United States Securities and Exchange Commission (SEC) is taking a new step in its retreat from the war on innovation. This time, regulators announced the abandonment of the investigation into the non-fungible token (NFT) marketplace, OpenSea. This news could clear the way for that battered sector.

The CEO and co-founder of the platform, Devin Finzer, celebrated the news and stated that it was a victory for the entire digital collectibles sector. “This is a victory for everyone who is creating and building in our space,” he said in a post on X.

In the same text, Finzer comments that “trying to classify NFTs as securities would have been a step backwards, one that misinterprets the law and slows down innovation.” However, the rectification of the regulators with their new direction changes the panorama completely and opens the doors for a commercial revival of the sector.

“Every creator, big or small, will be able to build freely without facing unnecessary barriers,” he said. The investigation into the OpenSea marketplace began in August last year by the SEC’s Gary Gensler administration. The argument is that the platform was illegally trading securities, which constitutes a federal crime.

Gensler also considered that NFTs were unregistered securities under the Howey Test scheme of the securities laws of the early 2000s.

What does the end of the OpenSea investigation represent for the NFT market?

Since the crypto winter of 2022, the NFT market has never fully recovered. Several factors formed a perfect storm that keeps these assets at the bottom of interest among investors. Among these elements, the disappearance of enthusiasm for the Metaverse stands out.

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Nike Faces Lawsuit Over Closure of Its Cryptocurrency Operations Linked to NFTs

Summary: Nike is facing a lawsuit after shutting down RTFKT's CryptoKicks, a company focused on cryptocurrencies tied to NFTs. A group of NFT holders and investors claims that Nike misrepresented the long-term sustainability of CryptoKicks and failed to deliver the promised products, resulting in financial damages.

Details of the Lawsuit:
Investors have filed a lawsuit against Nike after it terminated its NFT-related operations. The plaintiffs allege that Nike's decision devalued their NFT holdings and violated their contractual obligations. They are seeking damages, accusing Nike of withdrawing from the cryptocurrency market without adequate warning or transition planning.

Nike's Position:
Nike remains silent amid Web 3 community backlash
Nike has not issued an official statement, but industry analysts believe that this move is part of a broader shift for the company away from volatile Web3 projects.
#NIKE #NTF #Web3 #BlockchainNews #CryptoBusiness #Cryptolaw

Doodles NFT Trading Volume Hits $16 Million Weekly After Memecoin Announcement

Doodles NFT Collection Hits $16 Million Weekly Trading Volume. The NFT Marketplace Adopts a Dual-Chain Approach.

Doodles NFT Collection Hits a Notable $16 Million Weekly Trading Volume After Announcing $DOODS, a Solana-Based Memecoin.

This High Represents the Collection’s Second Highest Trading Peak in 2024
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Hamster Kombat: New Cipher Code and Combo Card
------------------------------------------------------

**Game Highlights**
The popular blockchain game has released:
- New cipher code for rewards on April 28
- Limited edition NFT combo card
- Updates to improve game balance

**Player Benefits**
- Exclusive access for 24 hours for those who obtain it
- Double rewards for trial points until May 5
- Special qualification for tournaments

**Market Response**
The secondary market has seen significant activity:
- 45% increase in NFT trading volume
- HMSTR token price up by 12%
- 80,000 new players in 24 hours
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UPDATE ON TODAY #Monad #LAYER3 {Airdrop Follow up}

Campaign
The Monad Explorer
Put your explorer hat on — and dive into the top Monad apps. This campaign is organised with the support of all the partnering protocols and is not an official Monad campaign.

Monad Explorer: Kintsu
Next gen liquid staking infrastructure on Monad.

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The Trump family-backed World Liberty Financial has launched its own token reserve to support various crypto ecosystems, the company said in a post on its X platform on Wednesday.

World Liberty said it will diversify its token holdings and will also work with traditional finance firms to invest their tokenized assets in the reserve.

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SEC Drops OpenSea Investigation, NFTs Enter New Era

The Securities and Exchange Commission has dropped its investigation into OpenSea without classifying NFTs as securities. The decision is seen as a victory for the NFT industry, but regulatory uncertainty remains.

The U.S. Securities and Exchange Commission (SEC) has officially ended its investigation into OpenSea without filing any charges. OpenSea CEO Devin Finzer described the
#OpenSea #NTF
$ETH

📊 Updates in the crypto space! Bitwise has taken a step further towards the creation of an ETF backed by XRP in the United States, as the SEC has formally accepted its application. This marks the beginning of the authorization process, granting 21 days to receive public comments. Although XRP did not record immediate gains, Ripple's CEO, Brad Garlinghouse, remains confident in the possibility of an ETF in the future. What do you think about the potential of an XRP ETF? Share your opinion in the comments!

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