Yuga Labs has recently sold the intellectual property rights to the Moonbirds NFT collection to a new player in the crypto gaming space—Orange Cap Games.Announced on Friday, the deal marks Yuga Labs’ third major divestment of a high-profile NFT collection in 2025, following the sales of CryptoPunks and Meebits earlier this year.Whilst financial terms were not disclosed, the sale signals a continued shift in strategy at Yuga Labs as it narrows its focus to its core offerings, including its flagship Bored Ape brand and the long-awaited Otherside metaverse game. Source: Greg Solana (X)Why is Yuga Labs selling Moonbirds?Yuga Labs acquired…
Author: cryphedge
Popular NFT collection Good Vibes Club have revealed that their studio is behind a recent promotional video for OS2, OpenSea‘s new NFT trading platform.The film showcases a selection of iconic NFT brands that “have shaped and defined the very essence of the space”, including Bored Ape Yacht Club, Pudgy Penguins, Doodles, Azuki and more.Good Vibes Club have stated that this is the first of a “new wave of commercial partnerships”, and that their “world-class talent” are full-speed ahead in building the foundation of a “new global IP”.Key InsightsGood Vibes Club have revealed a partnership with OpenSea to produce the latest…
Buterin wants a slower scale-up, choosing decentralization and stability over chasing 100x speed gains. Ethereum’s core changes will roll out gradually, leaving space to check the impacts on censorship and execution. Ethereum co-founder Vitalik Buterin has laid out a plan to increase Ethereum’s layer 1 capacity by 10 times. Speaking at ETHGlobal Prague, he set expectations for this boost to unfold over the next year and a few months. He emphasized that the scaling effort will prioritize preserving Ethereum’s decentralized structure. Buterin made clear that rushing the process could put core principles at risk. He prefers a pace that includes…
Crypto Journalist Amin Ayan Crypto Journalist Amin Ayan About Author Amin Ayan is a crypto journalist with over four years of experience in the industry. He has contributed to leading publications such as Cryptonews, Investing.com, 99Bitcoins, and 24/7 Wall St. He has… Share Last updated: June 1, 2025 Why Trust Cryptonews Cryptonews has covered the cryptocurrency industry topics since 2017, aiming to provide informative insights to our readers. Our journalists and analysts have extensive experience in market analysis and blockchain technologies. We strive to maintain high editorial standards, focusing on factual accuracy and balanced reporting across all areas – from…
The month of June has just begun, and the Solana price is struggling near a resistance zone, and in the intraday session, it bled 3%, facing rejection from the 50-Day EMA band.The bearishness intensified when on May 30th SEC raised shocking concerns over the legality of two proposed staking ETFs from a firm known as REX Shares and Osprey Funds.This shock halted investors’ activity, and even derivatives data had seen a decline, including total SOL OI and funding rates. The growing pessimism indicates that the market in the short term is headed south until bullish forces intervene.SEC Put Question Mark…
The crypto market recorded $286 million in inflows, extending a seven-week streak that has added $10.9 billion to crypto investment products, according to CoinShares‘ weekly report.However, the overall value of assets under management slipped from $187 billion to $177 billion, reflecting recent market declines.CoinShares’ Head of Research, James Butterfill, pointed to growing economic uncertainty in the US as a key driver behind the dip.Last week, a federal court decided to temporarily revive Trump-era reciprocal tariffs, triggering volatility and prompting investors to adjust their positions.Despite the turbulence, US-based products still attracted the most capital, with $199 million in inflows. Germany and Australia followed…
Pendle, Cronos, and Bitcoin Cash lead top crypto decliners in daily market losses. Aave and Injective post high volumes despite moderate price drops. Solana records smallest loss with over $2.26B in trading activity. A group of leading cryptocurrencies recorded price declines over the past 24 hours, with Pendle (PENDLE), Cronos (CRO), and Bitcoin Cash (BCH) ranking among the day’s biggest losers. The general digital asset market faced renewed pressure, prompting profit-taking and heavier trading activity across several top-performing tokens. Pendle registered the highest drop, falling 3.64% to $3.98. The decentralized finance token saw a 24-hour trading volume of approximately $50.22…
Key Takeaways: IG Group will let UK retail investors trade BTC, ETH, XRP, and 35 other tokens. The launch comes as UK crypto ownership grows and new regulations take shape. From 2026, UK crypto firms must report detailed customer data on all trades. UK-listed trading firm IG Group will become the first company on the London Stock Exchange to allow retail investors to buy and sell individual cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP), as part of a new digital assets service.“This is a major milestone in the UK’s crypto journey,” Michael Healy, managing director of IG’s UK…
IG Group will allow retail investors in the United Kingdom to trade 38 cryptocurrencies on its multi-asset platform from Tuesday, June 3, becoming the first London-listed broker to offer spot tokens.The firm’s integration relies on a partnership with digital-asset exchange Uphold, which will provide custody and execution services. The Financial Services Compensation Scheme does not cover assets held with Uphold, and trading will be limited to fully paid positions with no leverage.“Customer demand is reaching a tipping point,” IG U.K. managing director Michael Healy told The Times, adding that traditional account holders want direct exposure to bitcoin, ether, and a growing…
Crypto Journalist Amin Ayan Crypto Journalist Amin Ayan About Author Amin Ayan is a crypto journalist with over four years of experience in the industry. He has contributed to leading publications such as Cryptonews, Investing.com, 99Bitcoins, and 24/7 Wall St. He has… Share Last updated: June 1, 2025 Why Trust Cryptonews Cryptonews has covered the cryptocurrency industry topics since 2017, aiming to provide informative insights to our readers. Our journalists and analysts have extensive experience in market analysis and blockchain technologies. We strive to maintain high editorial standards, focusing on factual accuracy and balanced reporting across all areas – from…
