Pop star Justin Bieber’s high-profile purchase of a Bored Ape Yacht Club NFT for $1.3 million in 2022 has turned into a staggering loss as the NFT market collapsed. The digital collectible, once a symbol of celebrity crypto enthusiasm, is now valued at roughly $12,000. This highlights the dramatic volatility and fading hype in the once-booming NFT sector.
about Justin Bieber's $1.3M NFT Now Worth Just $12KBored Ape Yacht Club
0 in Finance and 1 in Crypto last weekYuga Labs Launches Koda Nexus in Otherside Metaverse
Yuga Labs is launching the Koda Nexus social hub in its Otherside metaverse on November 12, marking a significant expansion of its Bored Ape Yacht Club ecosystem. The company also announced a major partnership with Amazon Gaming to promote the metaverse and release exclusive co-branded NFTs. This represents the first phase of Yuga’s three-layer approach to building an always-on virtual world, building on the platform’s explosive $560 million launch in 2022.
about Yuga Labs Launches Koda Nexus in Otherside MetaverseRTFKT Co-Founder Benoît Pagotto Dies at 41
Benoît Pagotto, co-founder of the pioneering digital fashion studio RTFKT, has died unexpectedly at age 41, leaving behind a legacy that transformed the intersection of luxury design, gaming, and crypto culture. The creative visionary helped build RTFKT into one of digital fashion’s most influential brands before its acquisition by Nike in 2021, with colleagues remembering him as exceptionally creative, discreet, and humble. His passing comes as the brand he helped create faces significant challenges, including a $5 million class-action lawsuit and operational wind-downs by its parent company.
about RTFKT Co-Founder Benoît Pagotto Dies at 41NFT Market Rebounds with 18M Sales in Q3 2025
The non-fungible token market is experiencing its strongest resurgence since 2022, with transaction volumes reaching unprecedented levels this year. According to DappRadar’s comprehensive market analysis, Q3 2025 recorded 18.1 million NFT sales generating $1.6 billion in trading volume—representing a dramatic 45% quarterly increase that signals a robust market recovery despite modest growth in new user adoption.
about NFT Market Rebounds with 18M Sales in Q3 2025Yuga Labs Wins NFT Securities Lawsuit Dismissal
In a landmark decision that could reshape the regulatory landscape for digital assets, a federal court has dismissed a major lawsuit against Yuga Labs, ruling that Bored Ape NFTs and ApeCoin tokens do not qualify as securities under U.S. law. The ruling by Judge Fernando M. Olguin represents a significant legal victory for the NFT industry and clarifies crucial boundaries for digital collectibles, finding that Yuga’s marketing focused on community benefits rather than investment returns.
about Yuga Labs Wins NFT Securities Lawsuit DismissalJudge Dismisses Yuga Labs NFT Lawsuit, Rules BAYC Not Securities
A US federal judge has dismissed a significant lawsuit against Yuga Labs, ruling that Bored Ape Yacht Club NFTs do not qualify as securities under the SEC’s Howey Test. The decision by Judge Fernando M. Olguin represents a major legal victory for the NFT industry and provides crucial regulatory clarity for digital collectibles, establishing that plaintiffs failed to demonstrate how the NFTs met the legal definition of investment contracts.
about Judge Dismisses Yuga Labs NFT Lawsuit, Rules BAYC Not SecuritiesJudge Rules Bored Ape NFTs Are Not Securities
In a landmark decision that provides crucial legal clarity for the digital asset industry, a California federal judge has dismissed a class-action lawsuit against Yuga Labs, ruling that Bored Ape Yacht Club NFTs do not qualify as securities. The ruling by Judge Fernando M. Olguin represents a significant victory for the embattled crypto company and establishes important distinctions between NFTs sold through third-party marketplaces versus proprietary platforms, contrasting sharply with previous cases where other NFT collections were deemed securities.
about Judge Rules Bored Ape NFTs Are Not SecuritiesMoonbirds to Launch BIRD Token on Solana Amid NFT Revival
The Ethereum NFT project Moonbirds is making a strategic pivot to Solana with the launch of its BIRB ecosystem token, signaling a dramatic resurgence for the pixelated owl collection following its acquisition by Orange Cap Games. Market response has been overwhelmingly positive, with Moonbirds NFT prices surging from under $1,000 earlier this year to over $15,000 following the announcement, reflecting growing optimism about the project’s revitalization through the emerging ‘culture coin’ trend.
about Moonbirds to Launch BIRD Token on Solana Amid NFT RevivalJeffrey Huang Faces $9M Loss on XPL Token Bet
Taiwanese celebrity investor Jeffrey Huang, known as ‘Machi Big Brother,’ is confronting nearly $9 million in unrealized losses on his leveraged XPL token position. The high-profile digital asset collector and Bored Ape Yacht Club enthusiast witnessed his $44 million paper profit evaporate within just 13 days through a 5x leveraged long bet on Hyperliquid, now teetering dangerously close to its liquidation threshold as the Plasma token’s price continues to decline.
about Jeffrey Huang Faces $9M Loss on XPL Token BetJeffrey Huang Dumps $25.8M Hyperliquid at $4.5M Loss
Taiwanese celebrity investor Jeffrey Huang has executed a dramatic exit from Hyperliquid, selling his entire $25.8 million position at a $4.45 million loss. The high-profile liquidation, tracked by blockchain analyst MLM, comes amid declining market share for the decentralized exchange and mounting anxiety around HYPE token’s upcoming vesting schedule. Huang’s move represents not just a realized loss but a forfeiture of over $19 million in unrealized profits, signaling deep concerns from a major holder about Hyperliquid’s near-term prospects.
about Jeffrey Huang Dumps $25.8M Hyperliquid at $4.5M LossNBA Top Shot NFTs Hit Japan via Smart Vending Machines
NBA Top Shot moments, digital collectibles on the Flow blockchain, are now accessible in Japan via smart vending machines. A partnership between Dapper Labs and Web3 marketing firm 24karat enables users to purchase $6.70 mystery packs containing randomized NBA highlights without needing crypto expertise. Payments are made via mobile QR codes, with credit cards or Apple/Google Pay, and the system auto-generates a Flow wallet. Future plans include crypto payments, exclusive vending machine drops, and gamified features like stamp passports. The rollout aims to expand Web3 accessibility, with limited-edition collectibles and interactive campaigns coming later this year. NBA Top Shot, launched in 2020, helped popularize NFTs during the 2021 boom.
about NBA Top Shot NFTs Hit Japan via Smart Vending MachinesCourt Overturns Yuga Labs’ $9M NFT Trademark Win
The US Ninth Circuit Court of Appeals overturned a $9 million judgment in favor of Yuga Labs, the creator of the Bored Ape Yacht Club NFTs, in its lawsuit against artist Ryder Ripps and Jeremy Cahen. The court found that Yuga Labs did not sufficiently demonstrate that Ripps’ NFT collection caused consumer confusion, a key element in trademark infringement cases. The ruling sends the case back to a California federal court for a trial on Yuga Labs’ claims of trademark infringement and cybersquatting. This decision marks a significant development in the ongoing legal battles surrounding NFT intellectual property rights.
about Court Overturns Yuga Labs' $9M NFT Trademark Win