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 $12KYuga Labs
1 posts 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 MetaverseNFT 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 RevivalGate Crypto Exchange Launches in US with Spot Trading
Gate, a global cryptocurrency exchange, has expanded into the U.S. with the launch of Gate US, a spot trading platform built to meet American regulatory standards. The exchange debuts with crypto-to-crypto pairs, emphasizing fast execution, high liquidity, and robust security. Future plans include fiat currency support and custodial wallets. Gate highlights the U.S. as a key hub for digital finance innovation, aligning its launch with a perceived regulatory thaw in Washington. The expansion comes amid legislative progress, such as the GENIUS Act on stablecoins and the pending CLARITY Act, signaling clearer crypto rules ahead.
about Gate Crypto Exchange Launches in US with Spot TradingCourt 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 WinNFT Market Rebounds as CryptoPunks, Mad Lads See Surge
The NFT market is experiencing a resurgence, with CryptoPunks leading the charge as trading volume spikes. Over $26 million worth of NFTs changed hands on Ethereum in a single day, the highest since February. CryptoPunks’ floor price surged 20% to 48 ETH ($177,000), while Solana’s Mad Lads saw a 27% increase. Despite the uptick, activity remains below previous highs, with no collections nearing all-time price records. Analysts caution that the trend may not sustain, as earlier spikes in volume were short-lived. Meanwhile, other collections like Pudgy Penguins and Mutant Ape Yacht Club also posted gains, signaling broader market momentum.
about NFT Market Rebounds as CryptoPunks, Mad Lads See SurgeStellar & ApeCoin Face Bearish Trends Amid Market Shifts
Stellar (XLM) has been unable to sustain momentum above the $0.28 resistance level, with technical indicators like the MACD and RSI signaling growing bearish pressure. Analysts warn of a potential drop to $0.2441 or lower if market conditions worsen. Meanwhile, ApeCoin (APE) is also facing bearish signals, with its price hovering around $0.6166 and key support at $0.68 under threat. Both tokens have seen declines in trading volume and open interest, reflecting waning investor confidence. On a brighter note, Valour’s launch of a Stellar ETP in Sweden could attract traditional investors to the asset.
about Stellar & ApeCoin Face Bearish Trends Amid Market ShiftsRipple & SEC Seek to Lift XRP Injunction: 70% Approval Chance
Ripple and the SEC have filed a joint motion to lift the injunction on XRP sales, with attorney John Deaton predicting a 70% approval likelihood by Judge Torres. The SEC’s 2020 lawsuit accused Ripple of selling unregistered securities, but a proposed settlement includes a $50 million SEC payment and $75 million returned to Ripple. Deaton criticized the SEC’s aggressive enforcement, citing cases like Debt Box, where the agency admitted to misleading claims. He also highlighted Ripple’s competitive disadvantage due to the legal uncertainty, as XRP trades at $2.16, up 1.64% in 24 hours.
about Ripple & SEC Seek to Lift XRP Injunction: 70% Approval Chance