TechFlow news: Fidelity, a $4.3 trillion U.S. asset management giant, has filed again for a Bitcoin spot ETF, triggering BTC's volatile upward movement and a持续 decline in the BTC-to-ETH exchange rate. U.S. economic data for May exceeded expectations, easing market concerns. Equity markets rose significantly, with publicly traded cryptocurrency-related stocks surging.
Another major event this week was the launch of Azuki’s new NFT collection. Azuki released its Elementals series at 2 ETH per mint, sparking strong community demand during the initial sale. However, after the NFTs were revealed, Azuki faced significant backlash from the community. As negative sentiment spread, prices for both the Azuki and Bearn series NFTs plunged over 50% within 24 hours, accompanied by a sharp spike in trading volume. This incident triggered a broader downturn in the NFT market, raising doubts about the future prospects of PFP-style NFTs.
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