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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.

One of the oldest altcoins, has doubled in price since the beginning of the the last week – from $105 to $220. Analysts credit this remarkable growth to the backing of the altcoin by the newly launched cryptocurrency exchange, EDX Markets. EDX is new non-custodial cryptocurrency exchange, backed by major Wall Street players like Citadel Securities, Fidelity, and Schwab, has officially gone live a week ago. It offers popular options like Bitcoin, Ether, Litecoin, and Bitcoin Cash, while consciously avoiding the list of tokens that the SEC considers to be financial securities.

8btc, one of the oldest and most influential cryptocurrency news platforms in China, is undergoing a strategic shift. The platform, renowned for its coverage of Bitcoin, blockchain, and cryptocurrency-related news, has announced its decision to transition away from crypto content and fully embrace artificial intelligence (AI) and the metaverse. Founded in 2011, 8btc has published over 1.4 million articles and posts, attracting billions of page views. It has played a vital role in providing information, communication, and investment services for blockchain startups and investors.