Notable Developments in the Crypto Market

The NFT market continues to show a downward trend towards the end of March, unlike other crypto sectors. As of April 5, while a weekly decrease of 14% was experienced, the rise of Bitcoin and the transaction volume of centralized crypto exchanges reaching 9.1 trillion dollars create interesting contrasts in the market. While both centralized and decentralized crypto exchanges break volume records, NFT sales are slowing down.

Decline in NFT Sales

NFT sales on the leading alternative blockchain continue to fall. During the week of April 5th, Bitcoin NFT sales decreased by 18%, while sales related to the Ethereum ecosystem also experienced a 9% loss.

Imprisonment in the OneCoin Scandal

Former legal and compliance head of OneCoin, Irina Dilkinska, was sentenced to 4 years in prison in the United States and was fined $111 million. OneCoin had created a pyramid scheme-like structure by marketing a fake cryptocurrency and defrauding investors.

Pantera Capital Achieves Significant Profit

Pantera Capital’s Liquid Token Fund provided a 66% return in the first quarter with the increase in the price of Solana and other gains. The Solana ecosystem continues to gain popularity with airdrop events and meme coin projects.

Useful Information for Readers

The NFT market continues to show a downward trend and NFT sales in Bitcoin and Ethereum continue to decrease.
In the OneCoin case, former legal head Irina Dilkinska was sentenced to imprisonment and fined a substantial amount.
Pantera Capital achieved high returns with the increase in the value of Solana, and airdrop events and meme coin projects are attracting attention.