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Sotheby’s Gen Art Program, featuring works by the 99-year-old artist Vera Molnár, made a sensational debut, with all pieces selling within an hour above the base price of 1.5 ETH.
The auction culminated in 631 ETH, equivalent to $1.2 million.
Molnár’s artworks present intricate algorithmic transformations, converting hand-drawn variations of letters N, F, and T into captivating black-and-white graphics with mesmerizing color combinations.
NFT royalties on Ethereum hit an eye-popping 699,816 ETH, roughly translating to $1.8 billion. However, data analytics firm Nansen's deep-dive analysis points to an unsettling trend.
Despite sustained NFT volumes in 2023, royalties for this year only constitute 9.4% of the total payout, a stark contrast to 2022, which accounted for over 64% of the total ETH paid. The culprit behind this disparity is the downward trend in effective royalty rates, which fell from 2.5% in 2022 to a scant 0.6% by July 2023.
Some NFT projects such as Yuga Labs, behind popular initiatives like Bored Ape Yacht Club (BAYC) and Mutant Ape Yacht Club (MAYC), are among the few benefiting, receiving 9.4% of all royalties.
This platform, crafted to stabilize liquidity pools within the Curve DeFi protocol, has fallen victim to a hacker who made off with 1700 ETH, a haul worth $3.2 million.
The culprit leveraged a re-entrancy vulnerability and manipulated a malfunctioning price oracle to achieve this.
The Conic Finance team has disclosed that this particular exploit is solely connected to the ETH Omnipool.
Affected by the Azuki “Elementals” NFT incident (similar artworks, errors in the artwork, and collector dissatisfaction), the NFT market fell sharply again in the past 24 hours.
BAYC fell 16%, MAYC fell 20%, and Azuki fell 11%.
Earlier this year, Azuki NFTs gained significant popularity, surpassing even BAYC NFTs.
Meanwhile, AzukiDAO has proposed to recover 20,000 ETH from Azuki founder ‘Zagabond’.
The proposal suggests hiring a lawyer to take legal action against Zagabond for their alleged involvement in multiple “rug” projects. The aim of the clawback is to retrieve $39 million worth of ETH that was earned from the controversial launch of “Elementals” NFT collection.
As of now, the action has received support from 88.3% of AzukiDAO (BEAN) token holders, with 11.65% opposing it. The voting period for the proposal will conclude at 6:38 am UTC on July 3rd.
The Telegram trading bot, Unibot, is rapidly gaining popularity, thanks to its seamless integration with the decentralized exchange Uniswap and ETH payouts to token holders.
As the UNIBOT token soared to $170 its user base has surged to 6,500, and the daily trading volume has averaged $5.5 million.
Crypto payments processor Alphapo has reportedly been robbed of at least $23 million in Ethereum, Tron, and Bitcoin, according to blockchain analyst ZachXBT.
The stolen funds on Ethereum were exchanged for ether and then moved to the Avalanche and Bitcoin networks. The exact amount of stolen Bitcoin remains unknown.
Alphapo's client, HypeDrop, has subsequently suspended withdrawals, noting issues with both withdrawals and deposits of BTC, ETH, and TRX. Despite the situation, HypeDrop assured users that their funds remain secure. RocketPoolETH and RETH Token: A Detailed Overview and Analysis
RocketPool has paved the way as a groundbreaking service in the Ethereum (ETH) staking arena. In the face of the continuously growing demand for DeFi solutions, the project has introduced a unique method to tackle the issues faced by stakeholders in the Ethereum network. 











