Are Big NFT Collections in Trouble?

Explore the latest industry news, insightful data, and exciting updates from CoinMarketCap. ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌       [CoinMarketCap Spotlight Logo](~/AAQRxQA~/RgRn1W0xP0QraHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS8_bGlkPWUyam1zeW9vcml3MFcDc3BjQgpl7zHo8mU_GQxEUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~)   The CMC Crypto Fear and Greed Index has been stuck in "Extreme Greed" territory for over a month now. The upcoming Bitcoin halving is clearly working some magic for the entire crypto market. Institutional investors are gearing up to go ham on Bitcoin ETFs, setting the stage for an epic supply crunch. Caught in the crosshairs are the miners who are raking in revenues hand over fist. Some are HODLing onto their hard-earned Bitcoin stashes. At the same time, others are cashing out stacks to treat themselves. It's a wild scene out there, leaving everyone wondering if we're witnessing the next "tulip mania" unfold in real time. Or is this the catalyst that ushers in a new era of decentralized finance? As always, we are here to keep you updated on all the top crypto stories. Here is a TLDR: - Ethereum's Dencun upgrade goes live 🔥 - MakerDAO's "Endgame" to boost Dai, new tokens teased 🌘 - India torn on regulating crypto's meteoric rise 🇮🇳 - Thailand gives tax breaks 💸 - NFT winds shifting, new projects dethroning blue-chips? 👑 Let's dive into the deets of these crypto stories after the market overview! MARKET OVERVIEW [Globe Icon] GLOBAL MARKET CAP 2.78T ▲0.52% (24H) [24H Icon] 24H MARKET VOLUME $134.15B ▼16.5% (24H) [Bitcoin Icon] BITCOIN’S DOMINANCE 51.87% ▼0.26% (24H) FEAR & GREED INDEX [Fear & Greed Index] [ALL CRYPTO PRICES/DATA »](~/AAQRxQA~/RgRn1W0xP0QraHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS8_bGlkPXZwaDAwZ21sOGk4elcDc3BjQgpl7zHo8mU_GQxEUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) [TRENDING CRYPTO »](~/AAQRxQA~/RgRn1W0xP0RFaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS90cmVuZGluZy1jcnlwdG9jdXJyZW5jaWVzLz9saWQ9ZDNmdnJhYnR0ZmZwVwNzcGNCCmXvMejyZT8ZDERSG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADHA~~) [NEW LISTINGS ON CMC »](~/AAQRxQA~/RgRn1W0xP0QvaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9uZXcvP2xpZD1yN3k4aWQ3Mng1cjNXA3NwY0IKZe8x6PJlPxkMRFIbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc) [TRENDING DEX PAIRS »](~/AAQRxQA~/RgRn1W0xP0RAaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9kZXhzY2FuL3RyZW5kaW5nL2FsbC8_bGlkPWpneWpsbHdjZ2MyaVcDc3BjQgpl7zHo8mU_GQxEUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) Data as of: 14 Mar 2024 10 AM UTC [Gainer Icon] TOP GAINERS 24H% [Project Icon 4] [WIF](~/AAQRxQA~/RgRn1W0xP0Q6aHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9nYWluZXJzLWxvc2Vycy8_bGlkPTA0NTQ1aGlmaTJmbFcDc3BjQgpl7zHo8mU_GQxEUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) ▲44.26% [Project Icon 5] [BONK](~/AAQRxQA~/RgRn1W0xP0Q6aHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9nYWluZXJzLWxvc2Vycy8_bGlkPTI4b3M0Z3hwcmgxelcDc3BjQgpl7zHo8mU_GQxEUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) ▲19.14% [Project Icon 6] [PEPE](~/AAQRxQA~/RgRn1W0xP0Q6aHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9nYWluZXJzLWxvc2Vycy8_bGlkPTFkZ3Zxa3JnNXRjaFcDc3BjQgpl7zHo8mU_GQxEUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) ▲14.01% [Loser Icon] TOP LOSERS 24H% [Project Icon] [GALA](~/AAQRxQA~/RgRn1W0xP0Q6aHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9nYWluZXJzLWxvc2Vycy8_bGlkPTUxdWZoeWJxMHVlb1cDc3BjQgpl7zHo8mU_GQxEUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) ▼7.75% [Project Icon 2] [APE](~/AAQRxQA~/RgRn1W0xP0Q6aHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9nYWluZXJzLWxvc2Vycy8_bGlkPXM2ZDNoeDFvOTl2c1cDc3BjQgpl7zHo8mU_GQxEUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) ▼7.74% [Project Icon 3] [TAO](~/AAQRxQA~/RgRn1W0xP0Q6aHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9nYWluZXJzLWxvc2Vycy8_bGlkPWdzdmRtdHJ4bHhocVcDc3BjQgpl7zHo8mU_GQxEUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) ▼7.68%   [Dencun Goes Live](~/AAQRxQA~/RgRn1W0xP0RpaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvZXRoZXJldW0tZGVuY3VuLXVwZ3JhZGUtc3VjY2Vzc2Z1bGx5LXdlbnQtbGl2ZT9saWQ9emNuOXgzanhlejJyVwNzcGNCCmXvMejyZT8ZDERSG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADHA~~) After all the hype, Ethereum's Dencun upgrade finally went live yesterday. And so far, so good! Essentially it introduces some complex data reorganization (or "proto-danksharding" as the techies call it). But here's the tea - it sets the foundation for Ethereum's L2 solutions to scale way more beastly in the future. We are talking dirt-cheap transaction fees here! If the upgrade is live, why are we still facing high transaction costs on Ethereum? [Read the full story](~/AAQRxQA~/RgRn1W0xP0RpaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvZXRoZXJldW0tZGVuY3VuLXVwZ3JhZGUtc3VjY2Vzc2Z1bGx5LXdlbnQtbGl2ZT9saWQ9c2ZyMXo1d3VpanJhVwNzcGNCCmXvMejyZT8ZDERSG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADHA~~)!   [MakerDAO’s "Endgame"](~/AAQRxQA~/RgRn1W0xP0SAaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvbWFrZXJkYW8tZm91bmRlci1jaHJpc3RlbnNlbi1hbm5vdW5jZXMtdHdvLW5ldy10b2tlbnMtaW4tZW5kZ2FtZS1wbGFuP2xpZD1qYjIyNGZ3YjMyNDRXA3NwY0IKZe8x6PJlPxkMRFIbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc) MakerDAO’s founder Rune Christensen just revealed something called the "Endgame" plan. Basically, it kicks off a big multi-phase quest to take Dai stablecoins to the next level. First up this summer is a 1-2 token combo launch introducing NewStable and NewGovToken. (creative names!) But the gist is it lets users convert their Dai and MKR over to these upgraded 2.0 versions. The details are still foggy but seems like Christensen wants to expand Dai's reach to more regular people while NewStable handles the crypto natives. Are they working on their lending platform? Will there be rewards for users? [Read the full story](~/AAQRxQA~/RgRn1W0xP0SAaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvbWFrZXJkYW8tZm91bmRlci1jaHJpc3RlbnNlbi1hbm5vdW5jZXMtdHdvLW5ldy10b2tlbnMtaW4tZW5kZ2FtZS1wbGFuP2xpZD13b3F0dDg0Nm0zdDFXA3NwY0IKZe8x6PJlPxkMRFIbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc)!   [India Faces Hard Choices](~/AAQRxQA~/RgRn1W0xP0S5aHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvaW5kaWFzLW1hcmtldC1yZWd1bGF0b3Itc2F5cy1pbnZlc3RvcnMtd2lsbC1tb3ZlLXRvLWNyeXB0by1pZi10cmFkaXRpb25hbC1tYXJrZXRzLWNhbm5vdC1vZmZlci10b2tlbml6YXRpb24taW5zdGFudC1zZXR0bGVtZW50P2xpZD0wcTkzbjNkNWJlZXpXA3NwY0IKZe8x6PJlPxkMRFIbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc) A fascinating debate is unfolding in India's financial sector about how to address the meteoric rise of crypto. On one side, SEBI head Madhabi Puri Buch believes India must accelerate the pace of traditional market infrastructure to offer faster settlements that can rival crypto's near instantaneity (is it even possible?). Otherwise, investors may migrate en masse to decentralized assets instead. Fair arguments. While crypto lacks the maturity and guardrails of TradFi, innovations like instant trade settlement demonstrate some of its unique advantages. For regulators, finding the right balance between protecting consumers and encouraging financial progress is complex. Weren’t they working on a CBDC to do exactly that? What happened to the digital rupee? [Read the full story](~/AAQRxQA~/RgRn1W0xP0S5aHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvaW5kaWFzLW1hcmtldC1yZWd1bGF0b3Itc2F5cy1pbnZlc3RvcnMtd2lsbC1tb3ZlLXRvLWNyeXB0by1pZi10cmFkaXRpb25hbC1tYXJrZXRzLWNhbm5vdC1vZmZlci10b2tlbml6YXRpb24taW5zdGFudC1zZXR0bGVtZW50P2xpZD15YmtnajVsNmVvbWNXA3NwY0IKZe8x6PJlPxkMRFIbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc)! CMC Crypto Awards 2024: Meme Coin of the Year Winner A Deep Dive Into Bonk— The Solana-Based Memecoin [A Deep Dive Into Bonk— The Solana-Based Memecoin](~/AAQRxQA~/RgRn1W0xP0RQaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvYS1kZWVwLWRpdmUtaW50by1ib25rP2xpZD1wMnFvbTljYzF1Y2tXA3NwY0IKZe8x6PJlPxkMRFIbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc) CoinMarketCap Academy takes a deep dive into Bonk, which claims to be the first Solana dog memecoin "for the people by the people." [READ MORE](~/AAQRxQA~/RgRn1W0xP0RQaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvYS1kZWVwLWRpdmUtaW50by1ib25rP2xpZD1taHJyMWhicHhsdHJXA3NwY0IKZe8x6PJlPxkMRFIbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc)   [Thailand Is Team Crypto Now](~/AAQRxQA~/RgRn1W0xP0R1aHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvdGhhaWxhbmQtZXhlbXB0cy1wZXJzb25hbC1pbmNvbWUtdGF4LWZvci1pbnZlc3RtZW50LXRva2Vucz9saWQ9aGJ0dG9hZm41bzI2VwNzcGNCCmXvMejyZT8ZDERSG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADHA~~) It looks like Thailand just rolled out the red carpet for crypto investors by approving some serious tax breaks. The government gave the green light for a buy one, get one deal - purchase an investment token and get your income tax eliminated at no extra cost. The goal here is to position Thailand as Asia's top destination for crypto capital. Deputy PM Rachada expects these incentives could attract nearly $4 billion in crypto funds by 2025! That's bound to put Thailand on the map in this space. But how does this tax break exactly work? [Read the full story](~/AAQRxQA~/RgRn1W0xP0R1aHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvdGhhaWxhbmQtZXhlbXB0cy1wZXJzb25hbC1pbmNvbWUtdGF4LWZvci1pbnZlc3RtZW50LXRva2Vucz9saWQ9cXE5NjR1YTB1ZWJ3VwNzcGNCCmXvMejyZT8ZDERSG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADHA~~)!   [Shifting Tides in the NFT Market](~/AAQRxQA~/RgRn1W0xP0RzaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvYm9yZWQtYXBlLXlhY2h0LWNsdWItZmxvb3ItcHJpY2UtZHJvcHMtdG8tbG93LW9mLTEyNS1ldGg_bGlkPWc0NWlscHJycXIwNlcDc3BjQgpl7zHo8mU_GQxEUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) Fascinating shifts are underway in NFT trader sentiment lately. While blue-chip darlings like Bored Apes and Pudgy Penguins endure seller fatigue and declining price floors, newcomers like Bitcoin Ordinals are suddenly seeing a spike in demand. The 65% weekly gain for NodeMonkes suggests traders are pursuing alternative options, perhaps an “anti-PFP” movement emerging. Of course, Bitcoin’s own resurgence likely also fuels interest in its cultural artifacts. Are all NFT collections facing this shift in demand? [Read the full story](~/AAQRxQA~/RgRn1W0xP0RzaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvYm9yZWQtYXBlLXlhY2h0LWNsdWItZmxvb3ItcHJpY2UtZHJvcHMtdG8tbG93LW9mLTEyNS1ldGg_bGlkPWlnbWp2eG51c2x4cFcDc3BjQgpl7zHo8mU_GQxEUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~)!   That's a wrap for today's crypto roundup. 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