IGO Announces Fiat Payment for NFTs
On August 15, 2022, Input Output Global (IOG), the company behind Cardano, announced a partnership with NMKR. NMKR is a Web3 protocol designed to drive adoption of blockchain and NFT technologies. In this partnership, the two parties pledged to provide an easy-to-use minting app and add the option to buy NFTs with fiat currencies, seeking to enable traders “on a global scale” to participate in NFT sales, regardless of whether they are cryptocurrencies or not.
Consistent with the sideways trend of the stock market, Bitcoin basically oscillated in the range of $23,000-$25,000. The Nasdaq 100 hovered around $13,500 for four straight weeks, and the second-quarter 13-F holdings report showed that hedge funds were slashing long positions. Despite Bitcoin’s failed attempt to hit the $25,000 mark, margin traders remain bullish on promising stablecoin lending, while options markets signal that volatility skew is in the middle zone.
At the time of writing, the largest cryptocurrency by market cap has gained 1.52% in the past 24 hours and is currently trading around $24,000. Meanwhile, Bitcoin has seen one of its lowest 7-day volatility periods in recent times, with both 7-day and 30-day implied volatility at significantly lower levels.
Similar to BTC, ETH crossed the psychological $2000 barrier for the first time since June 2022 before falling back below $2000. With The Merge upgrade imminent, Ethereum options open interest continues to soar, and the ETH/BTC ratio also rises to a one-year high. Most major non-mainstream coins have had mixed performances, with meme coin Dogecoin leading the gains with a solid 8.2% gain over the past 24 hours, possibly thanks to investors’ anticipation of the launch of “dogechain”.
Comment by Hans
April 24, 2024
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