Group 1 - The core idea of the article emphasizes that success in the cryptocurrency market is not merely about making quick profits but about surviving through cycles and retaining wealth over time [3][4][5] - The article aims to explore the characteristics that allow some individuals to thrive in the volatile cryptocurrency market while others fail [4][5] - It suggests that understanding the historical context and the essence of the cryptocurrency market is crucial for long-term success [5][6] Group 2 - The article identifies that the true driving force behind the recovery of the cryptocurrency market is not merely new narratives or institutional involvement but rather a failure of collaboration among key elements [8][9] - It highlights that the stagnation in the market is due to a lack of new factors that can create synergy among new participants, leading to confusion about the market's future [9][10] - The distinction between "narrative" and "consensus" is crucial, where consensus refers to collective actions that drive long-term engagement, while narratives are merely stories that attract attention [10][11][12][14] Group 3 - The article outlines that true consensus evolution is what ultimately pulls the cryptocurrency world out of stagnation, and this evolution is marked by collective behaviors rather than just price movements [16][24][25] - It emphasizes the importance of observing behaviors rather than prices to identify genuine consensus upgrades [24][25] - The article provides a framework for recognizing the signs of a consensus upgrade, including the presence of new participants, the sustainability of behaviors, and the emotional investment of the community [53][54][56] Group 4 - The article discusses three significant historical phases in the cryptocurrency market: the ICO boom, the DeFi summer, and the NFT explosion, each representing a consensus upgrade that reshaped user behavior and market dynamics [27][33][41] - It notes that while each phase brought about significant changes, they also led to temporary bubbles and subsequent corrections, highlighting the cyclical nature of the market [38][48] - The lessons learned from these phases emphasize the importance of understanding underlying behaviors and community engagement rather than just focusing on price speculation [48][50] Group 5 - The article concludes with practical advice for investors, stressing the need for continuous learning, networking, and developing a robust understanding of market dynamics to identify future opportunities [60][68] - It suggests that building a multi-dimensional value system and maintaining a flexible yet firm belief in the underlying principles of investments are essential for long-term success [72][73][75] - The importance of community and collaboration in the cryptocurrency space is highlighted, indicating that true value comes from shared beliefs and collective actions rather than individual speculation [19][20][48]

Gemini is shutting down Nifty Gateway, one of the NFT sector’s earliest and most recognizable marketplaces, in a further sign of the industry’s continued retreat as the prolonged downturn drags on. In a statement on X, Nifty Gateway confirmed the shutdown by stating that the platform had entered withdrawal-only mode on Friday, which meant that people could no longer list, purchase, or sell NFTs. They also added that customers have until February 23, 2026, to withdraw their assets from the platform. Sin ...

Core Insights - The NFT market capitalization has returned to $3 billion, indicating a recovery in the sector [1] - Major blue-chip NFTs have experienced varying degrees of price increases, signaling renewed investor interest [1] Market Performance - CryptoPunks has seen an increase of over 8% in the past 7 days [1] - Bored Ape Yacht Club (BAYC) has risen by more than 9% [1] - Pudgy Penguins has increased by over 4% [1]

Group 1 - The cryptocurrency industry has entered a new phase of deep integration with the real world since 2021, driven by macroeconomic factors and institutional participation [1] - Cryptocurrencies have evolved from high-risk alternative assets to a recognized macro asset class, leading to large-scale allocations within compliance frameworks [2][3] - Strategic corporate allocations of cryptocurrencies began in 2020, with companies like MicroStrategy and Tesla leading the way, significantly influencing market sentiment and acceptance [3][4] Group 2 - The approval of spot Bitcoin ETFs marks a historic turning point, facilitating institutional investment and attracting significant capital inflows, which has driven Bitcoin prices to new highs [5][6] - Major financial institutions are developing compliance infrastructure to support the growing demand for cryptocurrency investments, including custodial and auditing services [6] - Over 70% of large institutional investors have incorporated cryptocurrencies into their portfolios or are evaluating allocation paths by mid-2025 [6] Group 3 - The functionalization of cryptocurrencies in payments has been driven by real-world demand, with major payment platforms integrating cryptocurrency services [7][8] - Stablecoins have gained traction in high-inflation countries, becoming essential tools for daily transactions and savings, with significant adoption in countries like Argentina and Turkey [8] Group 4 - The tokenization of real-world assets (RWA) has accelerated since 2021, enhancing liquidity and providing new mechanisms for asset ownership and trading [9][10] - The cultural and entertainment sectors have led the way in RWA tokenization, particularly through NFTs, which have gained mainstream attention and facilitated new economic relationships [9][10] Group 5 - Financial asset tokenization is becoming a core strategy for traditional financial institutions, with significant developments in the issuance and management of tokenized funds [12][13] - Real estate tokenization is emerging as a new investment tool, allowing broader participation in the real estate market and enhancing liquidity through digital tokens [13][14] Group 6 - Developing countries are experimenting with the legalization of cryptocurrencies as legal tender, seeking financial autonomy from the dollar-dominated system [18][19] - The U.S. is shifting its cryptocurrency policy under the new administration, promoting private stablecoin development and considering Bitcoin for national reserves [20][21] Group 7 - The geopolitical implications of cryptocurrencies are becoming evident, with their use in international fundraising and transactions during conflicts, such as the Ukraine crisis [23][24] - The integration of cryptocurrencies into national financial strategies is reshaping the global financial landscape, with countries actively participating in the governance and regulation of digital assets [24][25]

Core Viewpoint - Nike has confirmed the sale of its digital product subsidiary RTFKT, marking a shift in its strategy amidst the declining NFT market [1][2] Group 1: Company Actions - Nike sold RTFKT in December 2022, indicating a new chapter for the company and its community, while continuing to invest in innovative products and experiences in physical, digital, and virtual environments [1] - The acquisition of RTFKT in December 2021 was aimed at accelerating Nike's digital transformation and expanding its presence in the virtual product space, with a reported purchase price in the tens of millions of dollars [1] - In 2024, Nike signaled a reduction in NFT business investments, pausing new NFT production while maintaining some gaming and virtual collaboration projects [2] Group 2: Market Context - RTFKT, known for virtual sneakers and NFTs, saw a decline in demand and pricing power as the NFT market collapsed [2] - The NFT market's downturn led to a collective lawsuit against Nike by NFT holders, alleging that the company failed to disclose risks and violated U.S. securities regulations [2] - Other traditional companies, including Starbucks, GameStop, Budweiser, and Disney, have also faced challenges in the Web3 space due to market volatility, regulatory hurdles, and immature business models [2]

Core Insights - Nike has sold its digital products subsidiary RTFKT, marking its exit from blockchain-based collectibles and a strategic shift back to its core athletic performance business under new CEO Elliott Hill [1][3][4] - The sale was effective December 16, coinciding with a reported 30% drop in quarterly sales for Nike's Converse brand [1][3] - Nike had previously announced plans to end its NFT operations and blockchain initiatives [2] Group 1: RTFKT Acquisition and Sale - RTFKT was acquired by Nike in 2021 during the NFT boom, aimed at expanding Nike's presence in collectibles and metaverse markets [3] - The sale of RTFKT is described as "launching a new chapter" for Nike, while still allowing for potential future digital initiatives [4] - The buyer's identity and financial details of the sale remain undisclosed, but speculation suggests the buyer may be a significant player in the digital assets space [5] Group 2: Market Reaction and Legal Issues - Following the sale announcement, RTFKT tokens surged by over 270%, indicating market optimism about the potential revival of NFTs under new ownership [5] - Nike is facing legal challenges related to its exit from digital collectibles, with a proposed class action lawsuit filed by purchasers of Nike-themed NFTs seeking at least $5 million in damages [6][7] - The lead plaintiff claims that Nike's abrupt decision to shut down RTFKT devalued the NFTs without adequate notice or compensation [7]

Core Insights - Nike has sold its digital products and NFT subsidiary RTFKT approximately one year after shutting down the business, marking a significant shift in its strategy [1][2] - The sale is described as "a new chapter for the company and its community," although details regarding the buyer and financial terms were not disclosed [2] - The broader NFT sector is experiencing a contraction, with notable companies like X2Y2 ceasing operations and major events like NFT Paris being canceled [3] Company Actions - Nike acquired RTFKT in late 2021 during the peak of the NFT boom, aiming to expand into digital collectibles and virtual products [4] - The company announced plans to shut down RTFKT's operations in late 2024, indicating a strategic pullback from NFTs while still pursuing digital and virtual products through partnerships with video game companies [5] - The divestment aligns with the leadership of CEO Elliott Hill, who has been refocusing Nike on its core sports business and rebuilding wholesale partnerships since taking over in 2024 [6]

Group 1 - Nike sold its digital products unit RTFKT in December 2025, focusing back on core sports products after shutting down the business [1] - The sale was effective on December 16, 2025, but the buyer and financial terms have not been disclosed [1] - RTFKT was acquired by Nike in 2021 under former CEO John Donahoe, but the strategy shifted under new CEO Elliott Hill, who has redirected focus towards sports and footwear [2] Group 2 - The sale of RTFKT coincides with a 30% sales drop in Nike's Converse brand reported in Q4 2025, raising questions about other parts of Nike's portfolio [3] - Nike announced the shutdown of RTFKT in January 2025 due to slowing active drops, pausing NFT production while continuing collaborations with video game firms [3] - The NFT market is experiencing a slump, with monthly sales dropping to $320 million in November 2025 and a total market cap of approximately $2.78 billion, down over 67% in the past year [4] Group 3 - Major NFT platforms are adapting to market weakness, with OpenSea shifting focus from NFTs to a broader trading model, and X2Y2 shutting down its NFT operations [5] - Event activity related to NFTs has cooled, with recent cancellations of planned events like NFT Paris and RWA Paris due to market conditions [5]

Core Viewpoint - The article discusses the evolution of trust in financial transactions, highlighting the shift from centralized systems to decentralized blockchain technology, exemplified by Bitcoin, which aims to establish trust through code rather than intermediaries [3][24]. Group 1: Blockchain Technology - Blockchain technology allows for a decentralized ledger where transactions are recorded transparently, making it difficult to alter past records, thus enhancing trust among users [5][7]. - The mechanism of "proof of work" incentivizes miners to validate transactions by solving complex mathematical problems, ensuring a fair and secure method of record-keeping [8][10]. - The UTXO model in Bitcoin tracks every unspent transaction output, providing clarity on the flow of funds, akin to physical cash management [10][12]. Group 2: Web3.0 and Digital Assets - Web3.0 aims to give users control over their data, utilizing blockchain as a "notary" to prevent arbitrary data manipulation by platforms [14][19]. - NFTs serve as digital certificates on the blockchain, ensuring ownership and provenance of digital assets, which remain secure even if the hosting platform fails [15][17]. - Decentralized finance (DeFi) eliminates the need for traditional banks by allowing users to lend and earn interest on cryptocurrencies through smart contracts, although this comes with significant risks [17][19]. Group 3: Challenges and Future Outlook - Current blockchain systems face scalability issues, with Bitcoin processing only seven transactions per second compared to traditional systems like Alipay, which can handle hundreds of thousands [21]. - Regulatory discrepancies across countries pose challenges for the global adoption of cryptocurrencies, potentially slowing the reformation of trust mechanisms [23]. - The article raises questions about the future of trust in a digital world, suggesting a shift from trusting individuals to trusting mathematics and code, with the reliability of this new trust model still uncertain [26].

Core Insights - The NFT market has experienced a dramatic decline, with its cumulative market cap dropping 99% from a peak of $184 billion in 2023 to just $487 million in 2025 [2] - Major NFT marketplaces like OpenSea and Magic Eden are adapting by expanding their offerings to include fully fungible tokens, responding to a slowdown in pure NFT activity [2][3] Company Developments - OpenSea announced a complete rebuild of its platform in February 2025, introducing cross-chain token trading through its decentralized exchange (DEX) [3][4] - The new platform, OS2, allows token trading across 19 blockchains and features a new rewards system called "Voyages," which may be linked to the anticipated launch of its SEA token [4] - In October 2025, OpenSea achieved a monthly DEX volume of $2.41 billion, although this was followed by a significant drop of 75% to $581.48 million in November [5] Market Comparisons - OpenSea's trading volumes are significantly lower compared to industry leaders like Uniswap, which generated nearly $80 billion in monthly volume in November [6] - Magic Eden has also expanded into non-NFT trading by acquiring the meme coin trading app Slingshot, but it downplays the significance of token trading in its overall business [6][7]