Nike’s leadership in NFT sales

Analysts named Nike the leader in NFT sales among major brands, and the US authorities will tighten enforcement of sanctions by crypto platforms – these and other important news of the cryptocurrency market in our review.

Nike (NYSE: NKE) has become the top brand in terms of NFT sales revenue among major brands, according to a report from market research firm Dune Analytics. The sports brand’s total revenue was $185 million, of which over $93 million was generated from initial token sales, and another $92 million came from royalties from 67,000 NFT resale transactions totaling $1.29 billion.

The administration of US President Joe Biden plans to increase control over cryptocurrency platforms and foreign banks on the issue of compliance with sanctions against Russia, The Wall Street Journal reports, citing unnamed sources close to the White House.

The developers of the Dogecoin Foundation announced that before the end of the year the Doge-ETH bridge will be launched, which will allow moving DOGE from the Dogecoin blockchain to the Ethereum network and vice versa. As noted by the graphic designer and user interface developer for the Dogecoin Foundation and MyDoge, the bridge will allow “wrapped” DOGE coins (wedge) to be sent to the Ethereum blockchain, as they will be compatible with the network.

The developers of the Sudorare crypto protocol withdrew 519 ETH (about $815,000) from the project’s account and closed its accounts in social networks and group channels, the blockchain security company Peckshield said. The website of the crypto project has also become unavailable.

Iranian police have found and confiscated 9,400 cryptocurrency mining devices in the past five months. The head of the Tehran electricity distribution company, Kambiz Nazarian, told local publication Iran International that the devices were located in various districts of the capital.

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