NFTs face lowest monthly sales since November 2023

Despite having a lesser sales volume, NFTs showed a 73% increase in transactions recorded in July.

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Bitcoin activity drops to lowest level since 2010

The lack of retail participation is suspected of dropping Bitcoin wallet activities as celebrity memecoins attract speculators away from more established cryptocurrencies.

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Ethereums Weekly Gas Prices Drop to Lowest Levels Since 2025

Cryptocurrency Ethereum experienced a significant drop in gas fees to levels not seen since 2025 this past week. The reduction in fees has brought relief to Ethereum users who have been grappling with high transaction costs for some time. Many attribute this decrease in fees to the recent network upgrade known as the London Hard [...]

The post Ethereum’s Weekly Gas Prices Drop to Lowest Levels Since 2025 appeared first on Crypto Breaking News.

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Crypto Investment Products Volume Hits 'Lowest Since October 2020'

<p class="MsoNormal text-align-justify">Volumes in digital asset investment products remained very low and generated US$901 million last week, the lowest since October 2020.</p><p class="MsoNormal">This is according to the new digital asset fund flows reports from CoinShares, as shared with Finance Magnates.</p><p class="MsoNormal">According to CoinShares, digital asset investment products saw minor outflows last week totalling US$27 million. Two weeks ago, recorded weekly crypto outflows <a href="https://www.financemagnates.com/cryptocurrency/news/weekly-crypto-outflows-reach-9-million/">stood at $9 million</a>.</p><p class="MsoNormal">The digital asset management firm explained that this gives a total outflow of US$46 million in the last three weeks.</p><p class="MsoNormal">“While history indicates this is in part due to seasonal effects, we believe it also highlights continued apathy following recent price declines,” CoinShares said.</p><p class="MsoNormal text-align-justify">Outflow by Asset</p><p class="MsoNormal">Meanwhile, CoinShares explained that in terms of crypto investment products in the last three weeks, Bitcoin “was almost solely the focus of the outflows”.</p><p class="MsoNormal">During the period, outflows from investment products in the foremost digital asset totalled US$29 million.</p><p class="MsoNormal">Furthermore, the firm observed, investors have continued to add to short-Bitcoin investment products. This form of investment generated US$1 million last week, CoinShares said.</p><p class="MsoNormal">“Both imply minimal but continued caution from investors which we believe is due to the ongoing hawkish rhetoric from the US Federal Reserve,” the firm, however, pointed out.</p><p class="MsoNormal">Away from Bitcoin, CoinShares said Ether recorded minor outflows last week. Outflows in the second-biggest cryptocurrency totalled US$1 million.</p><p class="MsoNormal">The investment firm explained that this implies that despite increased confidence in the upgrade to the Ethereum network or <a href="https://www.financemagnates.com/thought-leadership/how-the-merge-will-impact-defi-and-dapps-on-ethereum/">The Merge</a> expected in September, most investors are opting to wait for the transition to proof-of-stake to happen first.</p><p class="MsoNormal">“Very minor inflows were seen in Solana, Cardano, XRP, Tezos, Chainlink and Uniswap,” CoinShares added.</p><p class="MsoNormal text-align-justify">Regional Outflow</p><p class="MsoNormal">According to CoinShares, minor outflows were recorded in digital asset investment products from various regions of <a href="https://www.financemagnates.com/cryptocurrency/news/global-crypto-aum-drops-to-30-billion/" target="_blank">the world</a>.</p><p class="MsoNormal">The firm, however, pointed out that by way of comparison, outflows primarily emerged from the United States (US$20 million), Sweden (US$4.2 million) and Germany (US$2.3 million). </p><p class="MsoNormal text-align-justify">CoinShares noted that Brazil sat on the extreme or “was the only outlier,” and recorded minor inflows that totalled US$1.2 million.</p> This article was written by Solomon Oladipupo at www.financemagnates.com.

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Ethereum Network Fees Continue to Drop — Transfer Fees Hit Lowest Rate in 6 Months – Altcoins Bitcoin News

It’s getting cheaper to send ethereum these days as the gas price to push a transaction is more than 80% less expensive than it was to transact with ether 48 days ago on January 10. On that day, Ethereum network fees were around $52 per transaction and today, the average transaction fee is $10.26 per […]

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