ExchangeDEX+
Buy CryptoMarketsSpotFuturesGOLDEarnEvent Center
More
Commodity Zero-Fee Gala

NFT

NFTs are unique digital identifiers recorded on a blockchain that certify ownership and authenticity of a specific asset. Moving past the "PFP" craze, 2026 NFTs emphasize utility, representing everything from IP rights and digital fashion to RWA titles and event ticketing. This tag explores the technical standards of digital ownership, the growth of NFT marketplaces, and the integration of non-fungible tech into the broader Creator Economy and enterprise solutions.

12596 Articles
Created: 2026/02/02 18:52
Updated: 2026/02/02 18:52
Ethereum Prepares Holesky Shutdown as Active Addresses Reach 2021 Levels

Ethereum Prepares Holesky Shutdown as Active Addresses Reach 2021 Levels

The post Ethereum Prepares Holesky Shutdown as Active Addresses Reach 2021 Levels appeared on BitcoinEthereumNews.com. Ethereum has announced that it will shut down the Holesky testnet two years after its launch. This comes after ETH’s active addresses reached their highest levels since 2021. Ethereum Set To Shut Down the Holesky Testnet In a recent blog post, Ethereum announced that it will shut down its largest public testnet, Holesky. Launched in 2023, this testnet was created to help with staking and validator operations on a larger scale. It was important for testing key updates like Dencun and the Pectra upgrade, which went live in May. However, its utility has now run its course. Developers confirmed that Holesky will be fully decommissioned two weeks after the Fusaka upgrade finalizes in November. Once support ends, client, testing, and infrastructure teams will no longer maintain the network. The decision comes after technical problems started in early 2025. After Pectra launched, Holesky had many issues with validators going offline. This caused long exit queues and made the testnet less useful for developers. To replace Holesky, Ethereum introduced Hoodi in March 2025. The new testnet was designed to fix the issues that Holesky had. Hoodi has a new group of validators, fully supports Pectra features, and is ready for future updates, including the upcoming Fusaka fork. For developers focused on dapps and smart contracts, Sepolia remains the primary environment.  ETH Active Addresses Hit Highest Since 2021 According to Everstake data, there were 19.45 million monthly ETH active addresses in August. Since May 2021, when activity peaked at 20.27 million, this is the highest. This indicator displays the number of distinct wallets communicating with the Ethereum network. This includes all transactions, such as DeFi transactions, NFTs, transfers, and staking. Source: X; Ethereum Active Addresses Data Notably, ETH experienced significant buying activity. Tom Lee’s BitMine recently disclosed holding 1.71 million ETH in its…

Author: BitcoinEthereumNews

2025/09/02

Why is Crypto Gaming Worth $14B?

Why is Crypto Gaming Worth $14B?

Gaming = $2.1 Trillion Market Cap. Today, the public market valuation of all video gaming companies is $2.1 trillion. This is 2.4% of the ~$87 trillion in global GDP. The game industry’s value is often cited in relation to revenue generation. It’s commonly said that the web3 gaming industry is the next big thing, which it is; but who’s to say it’s not going to 2x, but rather 100x? Crypto gaming is gaming but with a caveat; the caveat being that you can also earn money from it. In traditional games, the time you spend holds entertainment value but no monetary return. In crypto games, every hour played has the potential to generate financial upside. That shift from time spent to time invested is why $14B today might look tiny tomorrow. When you zoom out, $14B represents less than 1% of the traditional gaming market cap — If crypto gaming even captures 10% of that $2.1T market, you’re looking at $210B. That’s a 15x from here. And that’s not even accounting for the fact that web3 gaming unlocks new revenue models! trading skins on-chain, player-owned economies, decentralized esports, NFT rentals, and tokenized guilds. These aren’t “features’ they’re entirely new industries that can stack on top of gaming itself! The $14B valuation isn’t the ceiling. It’s the floor we’re standing on. So the question isn’t if crypto gaming grows it’s which games are best positioned to recieve and capture that growth. And that’s where Crypto Royale comes in. Crypto Royale captures what sets web3 gaming apart. No downloads, no wallet sign ups, no hidden payment barriers, no installations. Just open a tab and you’re there. This level of accessibility is important because it is the biggest obstacle in web3 gaming. Royale had a solution from day one. It is also entertaining. Unlike the clones in play-to-earn which rely on mindless grinding, Royale rewards real gameplay. More wins = More better strategies = More profit. This allows for a competitive ecosystem, much closer to esports than to passive farming. There is also genuine liquidity. Players are rewarded in ROY, a token that has real value and markets unlike in-game currencies which becomes worthless when the fad ends. Royale has maintained liquidity for several years, something that bridges the gaming and finance worlds. Most importantly, Royale has proven to be a survivor. In a field where 99% of projects stop functioning within months, Royale has been operating since 2021, with daily matches, consistent players, and payouts. It has managed to achieve this without having any billion-dollar investments, or needing to make any flashy trailers. It has one thing; a working product that people still enjoy. Instead of it being one of the quickest proof points, Royale helps clarify why the industry could be worth 10 times, 50 times, and maybe even 100 times more than the current $14 billion valuation. Royale is pristine evidence of how entertainment will be prioritized, all money second, and neatly intertwined. Why is Crypto Gaming Worth $14B? was originally published in Coinmonks on Medium, where people are continuing the conversation by highlighting and responding to this story

Author: Medium

2025/09/02

Forget Stablecoins, Fiat Is the Real Scam: Surviving EM Currency Snaps with Bitcoin and Beyond

Forget Stablecoins, Fiat Is the Real Scam: Surviving EM Currency Snaps with Bitcoin and Beyond

Forget Stablecoins, Fiat Is the Real Scam: Surviving EM Currency Snaps with Bitcoin and BeyondPhoto by Sunday Abegunde on Unsplash Hello Crypto Trailblazers, You’re chilling with your morning smoothie or maybe burning the midnight oil over a coding session, when you catch wind of the Nigerian naira trading at a staggering 1,535 per USD, scraping its 52-week lows like a crypto token in a bear market freefall. It’s a gut punch, right? If you’re thinking, “I’m safe in my DeFi bubble, no worries,” pump the brakes. If your income, suppliers, or even your NFT collectors are tied to emerging market (EM) currencies, this is your wake-up call. Currency slides in places like Nigeria don’t just drift downward like a lazy river. They snap, like a rubber band stretched too far, then spiral into a chaotic cascade that wrecks prices, erodes wages, and obliterates savings faster than a scam coin’s rug pull. For our crypto crew, this isn’t just news; it’s a signal to act, because those ripples can hit your wallet, your operations, or your decentralized dreams harder than a 51% attack. I’m not here to spook you, but to arm you with the knowledge and tools to surf these waves like a pro. Whether you’re a Bitcoin HODLer, a DeFi yield farmer, a DAO contributor, or just someone dabbling in cross-border crypto trades, EM currency volatility is a beast you need to tame. Let’s dive deep into what’s happening, share some real-world stories, and map out how to protect your stack when fiat currencies start acting like memecoins gone wrong. Plus, I’ll throw in some extra context on why this matters for our global crypto community and how you can stay ahead of the game. The Naira’s Nosedive: A Case Study in Fiat Fragility Let’s zoom in on Nigeria, where the naira’s been on a wild ride, hitting 1,535 against the dollar and flirting with historic lows. Inflation’s clocking in at a brutal 34%, driven by a mix of skyrocketing import costs, policy hiccups, and global economic headwinds. This isn’t just a stat; it’s a reality check for anyone whose business or investments touch Nigeria’s economy. Maybe you’re a Web3 founder hiring Nigerian developers, paying them in USD through a crypto wallet, only to hear they’re struggling because their local costs are exploding. Or perhaps you’re running a remittance service, and your Nigerian users are watching their naira payouts buy less groceries each week. If you’re trading on a decentralized exchange with liquidity pools tied to EM economies or backing blockchain startups in Africa, these currency swings can turn your sweet 15% APY into a bitter 20% loss before you can say “gas fees.” This isn’t unique to Nigeria. We’ve seen this movie play out in Argentina, where the peso’s been in a death spiral, or Turkey, where the lira’s taken a beating, or Venezuela, where the bolívar’s worth less than the paper it’s printed on. Emerging market currencies don’t just trend downward like a stock chart with a bad earnings report. They snap under pressure, whether it’s from central bank missteps, capital fleeing to safer havens, or global shocks like oil price spikes. Once that snap happens, the cascade kicks in: import prices soar, local businesses jack up costs, wages lose purchasing power, and savings? They’re toast, like a wallet drained by a phishing scam. For anyone in the crypto space with exposure to these markets, whether through suppliers, clients, or investments, ignoring this is like leaving your private keys on a sticky note. Why Crypto Folks Should Care If you’ve been in crypto for more than a hot minute, you’re used to volatility. Price pumps, dumps, and sideways action are just part of the game. But EM currency slides add a layer of fiat chaos that can mess with even the tightest blockchain strategies. Think about it: Bitcoin was born from the ashes of the 2008 financial crisis, a middle finger to centralized monetary systems that keep printing money like it’s going out of style. Fast forward to 2025, and stablecoins like USDC or USDT are lifelines for millions in EMs, letting people preserve value when their local currency’s in freefall. Nigeria’s a prime example, with crypto adoption skyrocketing as folks swap naira for Bitcoin or stables to protect their wealth. The data backs this up: Nigeria’s one of the top countries globally for crypto transaction volume per capita, and it’s no surprise why. When fiat fails, crypto steps up. But here’s the flip side. If you’re on the sending end, say, a crypto fund investing in African blockchain projects or a dev team paying EM-based talent, these currency snaps can hit you hard. Your dollar-based payouts might seem stable, but your partners’ costs are ballooning, squeezing their margins or forcing you to renegotiate. If you’re running a DAO with global contributors or trading in liquidity pools with EM exposure, those naira-to-dollar swings can erode your returns faster than a flash crash. I’ve heard stories from crypto friends who got burned when they didn’t hedge their EM exposure, like one dev who paid Nigerian freelancers in USD but lost big when their local costs forced a 30% rate hike. Another buddy running a remittance app saw his Nigerian user base shrink because payouts couldn’t keep up with inflation. These aren’t hypotheticals; they’re real risks we face in this borderless crypto world. Your Crypto Hedge Playbook: Stay Ahead of the Snap Alright, let’s get to the good stuff: how to protect your bag when EM currencies start wobbling. Crypto’s our superpower here, built to outmaneuver fiat’s fragility. Here’s a playbook tailored for our community of builders, traders, and dreamers: Stack Bitcoin Like It’s Digital Gold: Bitcoin’s fixed supply is your shield against fiat devaluation. When currencies like the naira tank, BTC’s scarcity makes it a rock-solid store of value. Same goes for Ethereum, with its DeFi and NFT utility. If you’ve got naira or other EM currencies in your orbit, swap some for BTC or ETH to lock in value before the next snap. Stablecoins to the Rescue: USDC or USDT on fast, cheap networks like Solana or Polygon are your go-to for dodging FX volatility. Paying suppliers in Nigeria? Invoice in stables to keep things predictable. Your partners get stability, you avoid currency conversion headaches, and everyone sleeps better. I’ve seen startups save thousands by switching to USDC for cross-border payments. DeFi: Work Hard, Yield Harder: Got capital exposed to EM markets? Put it to work in DeFi. Lend USDC on protocols like Aave or Compound for steady yields, or explore options markets on dYdX to bet against further EM currency drops. Want to get fancy? Look into tokenized real-world assets from EM regions, but only if they’re backed by diversified collateral to avoid counterparty risk. A friend of mine doubled his returns by lending stables while hedging with ETH calls during a currency dip. Streamline Cross-Border Flows: If your business involves sending money to EMs, use crypto-native solutions like Stellar for fast, low-cost transfers. Local platforms in Nigeria, like BuyCoins or Bundle, can bridge naira to crypto smoothly, letting your partners convert at the best rates without bank fees eating their lunch. This is a game-changer for remittances or payroll. Stay Sharp with On-Chain Intel: Use analytics platforms like Dune or Nansen to track wallet flows from EM regions. A sudden spike in stablecoin deposits often signals a currency crisis brewing. Set alerts, monitor trends, and move your funds before the cascade hits. One trader I know saved his portfolio by spotting a USDT inflow surge from Nigeria and hedging early. This isn’t financial advice, so do your own research, but these strategies are battle-tested by crypto OGs who’ve navigated fiat storms before. The beauty of crypto is its permissionless nature, letting us move faster than the bureaucrats who tanked the naira in the first place. Crypto’s Role in EM Resilience Let’s zoom out. Nigeria’s naira drama is just one chapter in a global story. Similar currency woes in Egypt, Pakistan, and beyond are pushing people toward crypto as a lifeline. In these markets, blockchain isn’t just tech; it’s a survival tool. When local currencies lose trust, Bitcoin, Ethereum, and stables become the people’s money, bypassing banks and borders. Ethereum’s upgrades, like the Merge anniversaries, keep making it a powerhouse for EM adoption, with layer-2 solutions like Arbitrum slashing fees for users in high-inflation zones. Meanwhile, Nigeria’s own eNaira, a central bank digital currency, is trying to keep up, but it’s tethered to the naira’s shaky foundation, while true crypto runs free and untamed. This is why we’re in crypto, right? To build a world where centralized failures don’t dictate our financial freedom. I think of folks I’ve met in the community, like a Nigerian artist who turned his NFT sales into USDC to buy a house, or a dev in Argentina who escaped peso inflation by HODLing BTC. These stories remind us that crypto isn’t just about profits; it’s about empowerment. If you’re exposed to EM currencies, whether through business, investments, or personal ties, don’t wait for the next snap to hit. Hedge now, build redundancies, and keep your eyes on the blockchain horizon. A Personal Note from Your Sidekick I got into this crypto journey because I saw what fiat chaos did to real people, from friends in Zimbabwe who lost everything to inflation, to family in Lebanon whose savings evaporated. Those who got into crypto early? They’re still standing, some even thriving. If you’re reading this and you’ve got ties to EM markets, take it from me: don’t sleep on this. Hedge your exposure, diversify your stack, and lean into the tools that make crypto so powerful. Got a story about dodging a currency crisis with crypto? I’d love to hear it, so hit reply and share your tale. Stay decentralized, stay unstoppable, Crypto Circuit P.S. Digging these newsletters? Subscribe for free weekly drops packed with crypto insights and global vibes. No fluff, just the real stuff. And if you’re in Nigeria or another EM, you’re the heart of this revolution, keep pushing the boundaries of what’s possible. Forget Stablecoins, Fiat Is the Real Scam: Surviving EM Currency Snaps with Bitcoin and Beyond was originally published in Coinmonks on Medium, where people are continuing the conversation by highlighting and responding to this story

Author: Medium

2025/09/02

Fujian MLM Cryptocurrency Leaders Sentenced, Appeal Rejected

Fujian MLM Cryptocurrency Leaders Sentenced, Appeal Rejected

The post Fujian MLM Cryptocurrency Leaders Sentenced, Appeal Rejected appeared on BitcoinEthereumNews.com. Key Points: Fujian court sentenced four leaders for cryptocurrency MLM fraud. Sentences range from 3 to 6 years, impacting similar crypto setups. Global risks persist in crypto-related pyramid schemes. The Shishi City Procuratorate has prosecuted a cryptocurrency-based MLM scheme led by Li, resulting in millions of RMB defrauded from participants in Fujian Province, China. This case exemplifies the dangers of using cryptocurrency and NFTs to mask fraudulent schemes, highlighting the critical role of legal intervention in protecting public financial interests. Leaders Found Guilty of Fraudulent Practices Following an investigation by the Shishi City Procuratorate, four individuals, led by Li, were convicted of organizing and leading a fraudulent cryptocurrency MLM scheme. They were sentenced to various prison terms ranging from three to six years with additional fines. The organization, disguised as a legitimate crypto project, used hierarchical recruitment and fake earnings to attract funds. The prosecution, led by the Shishi City court, highlighted poor revenue sustainability, noting that the project relied on new member investments rather than genuine business activities. This structure aligned with traditional MLM behavior, encompassing threshold fees like cryptocurrency purchase prerequisites. “Scams targeting investors who use cryptocurrency are skyrocketing in severity and complexity.” —Christopher Wray, Director, FBI Source Crypto Fraud Tactics and Regulatory Perspectives Examined Did you know? The Fujian crypto MLM scheme raised funds equivalent to over ¥20 million RMB, echoing the characteristics of worldwide MLM operations such as OneCoin, leading to hefty fines and legal interventions globally. According to CoinMarketCap, Ethereum (ETH) currently trades at $4,406.03 with a market cap of $531.83 billion. Its 24-hour trading volume increased by 25.08% to $35.88 billion. Despite a minor 0.37% spike in 24 hours, ETH experienced a 7-day decrease of 0.43%. Ethereum(ETH), daily chart, screenshot on CoinMarketCap at 07:10 UTC on September 2, 2025. Source: CoinMarketCap Experts from Coincu…

Author: BitcoinEthereumNews

2025/09/02

Dogecoin Changed Lives in 2021, These 3 Coins Hold That Power in 2025

Dogecoin Changed Lives in 2021, These 3 Coins Hold That Power in 2025

The post Dogecoin Changed Lives in 2021, These 3 Coins Hold That Power in 2025 appeared first on Coinpedia Fintech News In 2021, Dogecoin and Floki Inu gained community attention and leveraged culture to achieve hype, all while transforming lives with investment opportunities under 2,000 USD. Now, in 2025, we are witnessing the community fast forward. The next wave of meme-driven assets is rising, and investors are positioning for the best coins to buy today for …

Author: CoinPedia

2025/09/02

In August, NFT sales increased by 4.32% month-on-month to approximately US$600 million, of which the Ethereum chain accounted for 47.76%.

In August, NFT sales increased by 4.32% month-on-month to approximately US$600 million, of which the Ethereum chain accounted for 47.76%.

PANews reported on September 2nd that NFT sales data across 23 blockchains tracked by CryptoSlam showed that NFT sales totaled approximately $598.8 million in August 2025, a 4.32% increase from $574 million in July, marking the second-highest total of 2025, behind only January's $679 million. Of this total sales, Ethereum accounted for 47.76%, or approximately $286 million, ranking first. BNB accounted for 11.67%, or approximately $69.94 million, ranking second. This was followed by Polygon ($67.63 million), Bitcoin ($60.19 million), Solana ($31.28 million), and Immutable ($30.2 million). Note: Among the 23 blockchains it tracks, Base’s August data was not updated.

Author: PANews

2025/09/02

Solana vs. Cardano: Which Is the Smarter Crypto Investment?

Solana vs. Cardano: Which Is the Smarter Crypto Investment?

The post Solana vs. Cardano: Which Is the Smarter Crypto Investment? appeared on BitcoinEthereumNews.com. Disclaimer: This content is a sponsored article. Bitcoinsistemi.com is not responsible for any damages or negativities that may arise from the above information or any product or service mentioned in the article. Bitcoinsistemi.com advises readers to do individual research about the company mentioned in the article and reminds them that all responsibility belongs to the individual. In the crypto world, few debates are as hot as Solana (SOL) versus Cardano (ADA). Both projects are positioned as strong challengers to Ethereum, aiming to solve the industry’s biggest hurdles: scalability, transaction speed, and cost. While both rely on Proof-of-Stake (PoS), their design philosophies and technical approaches could not be more different. This makes the question of which one is the smarter long-term play especially interesting for investors. Before diving deeper, it’s worth noting that analysts are also pointing to a third player quietly gaining traction. MAGACOIN FINANCE has started drawing attention from investors who see it as a rare early-stage opportunity, with experts predicting it could outperform both Solana and Cardano’s gains in 2025. A Tale of Two Philosophies Solana has built its brand on speed. Known as the “Speed Demon” of crypto, it leverages a unique Proof-of-History (PoH) mechanism alongside PoS, allowing the network to process up to 65,000 transactions per second in theory. Fees are tiny, often just a fraction of a cent, making Solana especially attractive for DeFi, NFTs, and Web3 projects where low cost and fast throughput matter. However, the network has faced its share of outages, raising concerns over stability. Cardano, in contrast, takes the “academic approach.” Its Ouroboros protocol is the first PoS mechanism backed by peer-reviewed research, designed for long-term security and sustainability. While transaction speeds are currently much lower than Solana’s, Cardano is steadily rolling out upgrades like Hydra, which could eventually scale to…

Author: BitcoinEthereumNews

2025/09/02

This Altcoin Could be “the Next Shiba Inu” as Analysts Expect a Massive Breakout

This Altcoin Could be “the Next Shiba Inu” as Analysts Expect a Massive Breakout

The post This Altcoin Could be “the Next Shiba Inu” as Analysts Expect a Massive Breakout appeared on BitcoinEthereumNews.com. Disclaimer: This content is a sponsored article. Bitcoinsistemi.com is not responsible for any damages or negativities that may arise from the above information or any product or service mentioned in the article. Bitcoinsistemi.com advises readers to do individual research about the company mentioned in the article and reminds them that all responsibility belongs to the individual. The hunt for the next breakout token is always on in crypto markets. With Bitcoin consolidating and altcoins preparing for their own rallies, attention is shifting toward projects showing early signs of rapid adoption. One of those gaining buzz is MAGACOIN FINANCE, which many investors now compare to Shiba Inu’s early trajectory. Shiba Inu’s Remarkable Journey Shiba Inu began as a meme-inspired experiment but quickly became one of the most talked-about tokens in the world. Its community-driven growth and viral momentum helped it surge into the top ranks of the crypto market. At its peak, SHIB delivered astronomical gains to early buyers, creating a generation of overnight millionaires. Over the years, the project has expanded beyond memes, introducing its own ecosystem with DeFi platforms, NFTs, and a dedicated blockchain solution known as Shibarium. New Contender Shows Crazy Momentum MAGACOIN FINANCE is now being positioned in a similar light. With presale demand skyrocketing, community numbers swelling, and forecasts of exponential ROI, it mirrors SHIB’s early breakout days. Analysts note that MAGACOIN FINANCE’s rapid expansion could reward early participants in a way that rivals Shiba Inu’s legendary gains. The difference this time is a more structured roadmap, continuous development, and a clear drive to expand utility, making it more than just hype. For many investors, this combination of momentum and vision is what sets MAGACOIN FINANCE apart as a high-potential opportunity. Shiba Inu’s Evolution Continues While comparisons are natural, SHIB itself has not faded. The token…

Author: BitcoinEthereumNews

2025/09/02

Courtyard Surges To $1.67M Daily Volume As CryptoPunks Dominate High-Value Sales

Courtyard Surges To $1.67M Daily Volume As CryptoPunks Dominate High-Value Sales

The post Courtyard Surges To $1.67M Daily Volume As CryptoPunks Dominate High-Value Sales appeared on BitcoinEthereumNews.com. The NFT market has been experiencing dynamic changes to date, with both more time-tested blue-chip collections and new initiatives causing a lot of action. Trading volumes and individual sales on September 1, 2025, showed a mixed picture. Exchange markets were also critical. The statistics provide the maturity of the NFT ecosystem. Courtyard Leads Daily NFT Market Activity Courtyard was featured as the highest-selling collection by 24-hour volume on the NFT market. Courtyard took in an enormous sales volume of $1.67 million over 20,150 deals, surpassing old collections such as CryptoPunks, Moonbirds, and Bored Ape Yacht Club.  Such an increase in trading is an indication of increased investor preference in other sets of trading, other than the classic blue-chip NFTs. CryptoPunks Records Massive Individual Sales As the Courtyard dominated trading volume, CryptoPunks were in the news with big record purchases. CryptoPunks 9721 was the biggest NFT transaction in the last 24 hours, with a price of 362,150.  CryptoPunk #1812 was sold again at a higher price, bringing in again the dominance of high-value transfers in sales, according to the limited sales transactions. Overall, CryptoPunks only sold 2 pieces at a value of $559,550 during this timeframe. Other Leading Collections in 24-Hour Trading Moonbirds took third place in daily volume at $453,230 in 34 sales and Puddy Penguins was closely behind at $449,420 with 10 sales. Bored Ape Yacht Club, which is an existing player in the market, generated $391,970 in sales take parts in 10 sales, indicating that its demand is not weak.  The Guild of Guardians recorded 296 trades, which earned it $326,170, and the Mutant Ape Yacht Club reported 63 trades earning it $388,190, demonstrating the popularity of blockchain gaming assets. Gods Unchained had momentum revenues of $217,500 and 1,340 sales, and Lil Pudgys developed revenues of $206,420 and…

Author: BitcoinEthereumNews

2025/09/02

A virtual currency investment project that "earns money while playing" was actually a pyramid scheme, and four members of the project team were sentenced

A virtual currency investment project that "earns money while playing" was actually a pyramid scheme, and four members of the project team were sentenced

PANews reported on September 2nd that according to Justice Net, a virtual currency touted as a "play and earn" and "deflationary appreciation" scheme attracted significant capital in a short period of time, recruiting dozens of members across three tiers. Following prosecution by the Shishi City Procuratorate in Fujian Province, the court issued a first-instance verdict against the key members of the pyramid scheme. Four suspects were convicted of organizing and leading a pyramid scheme and received prison sentences and fines. The defendants appealed the verdict. In July 2025, the court of second instance dismissed the appeal and upheld the original verdict. The court reviewed and determined that although the organization used emerging concepts such as virtual currency and NFT to package itself, its operating model still met the requirements of the crime of organizing and leading pyramid schemes as stipulated in the Criminal Law of the People's Republic of China: First, the project set up a disguised "threshold fee" by purchasing virtual currency, participating in private placements and paying virtual assets, as a prerequisite for joining and developing others; second, it established a clear superior-subordinate relationship and hierarchical structure, and used the number of people developed and the performance of subordinates as the basis for remuneration and rebates; third, it had no real business activities and sustainable sources of income, and its capital operation relied on the funds of later members to pay for previous income, which had obvious characteristics of defrauding property.

Author: PANews

2025/09/02

Recommended by active authors

BitcoinEthereumNews
BitcoinEthereumNews
3743Articles
Coinstats
Coinstats
1010Articles
Blockchainreporter
Blockchainreporter
1008Articles
Coindoo
Coindoo
882Articles

Related Tags

#Oracle#Brifge#Yield-Farming#Basis-Trading#Prediction-Market#Launchpad#Liquid-Staking#Lending#DePIN

Latest Articles

Republic Europe Plans SPV for Kraken IPO Stake Offering

Republic Europe Plans SPV for Kraken IPO Stake Offering

2026/02/08 10:31
SOL Treasury Company Forward Industries: Market Turmoil Offers Opportunity to Consolidate Other Treasury Companies

SOL Treasury Company Forward Industries: Market Turmoil Offers Opportunity to Consolidate Other Treasury Companies

2026/02/08 10:03
Vietnam Proposes Crypto Tax Law in Major Push to Formalize the Market

Vietnam Proposes Crypto Tax Law in Major Push to Formalize the Market

2026/02/08 10:00
MAGA ally vows vengeance against Republicans accusing Trump of racism: 'Compiling a list'

MAGA ally vows vengeance against Republicans accusing Trump of racism: 'Compiling a list'

2026/02/08 09:52
Crypto retail investors are trying to 'meta-analyze' crypto crash: Santiment

Crypto retail investors are trying to 'meta-analyze' crypto crash: Santiment

2026/02/08 09:38