NFT sales plunge in Q3, down by 60% from Q2

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Today's News

It was a mixed day for Asia's stock markets as oil prices climbed and the US dollar fell. NFT sales, however, took a sharp plunge in the third quarter, down 60% from the second quarter. In other news, 'Rich Dad Poor Dad' author Robert Kiyosaki says the 'everything crash' is underway, and pro-Russian groups have raised nearly $400,000 in cryptocurrency to fund Moscow's war with Ukraine and evade US sanctions, according to a new report.

Outline

  • Sales of NFTs (non-fungible tokens) plunge in Q3, down by 60% from Q2, as the craze for digital art and other assets appears to be cooling off.
  • Oil prices climb as Asian shares are mixed, with a holiday-heavy week getting underway.
  • Breakingviews is a financial news and analysis service from Thomson Reuters.
  • If you bought EMAX crypto tokens when Kim Kardashian promoted them on Instagram, you would have lost over 95% of your money by now.
  • 'Rich Dad Poor Dad' author Robert Kiyosaki says the 'everything crash' is underway, and that US stocks, bond yields, and the US dollar are all headed for a fall.
  • US stocks rise and bond yields drop after the UK government walks back part of its tax cut plan, which had been seen as a key driver of the recent rally in global markets.
  • Pro-Russian groups raised nearly $400,000 in cryptocurrency to fund Moscow's war with Ukraine and evade US sanctions, according to a new report.
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