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SEC closes investigation into OpenSea, no enforcement action on NFTs as securities. OpenSea founder celebrates SEC’s decision as a win for creators and the NFT community. SEC drops Coinbase lawsuit and signals a shift in regulatory approach to NFTs and crypto. The U.S. Securities and Exchange Commission (SEC) has decided to drop its investigation into OpenSea, the largest NFT marketplace, opting not to take legal action. This decision is seen as a positive sign for the NFT industry. OpenSea founder Devin Finzer celebrated the report’s conclusion, calling it a win for creators and the Web3 community. The SEC’s probe into OpenSea began in August 2024 after the agency issued a Wells notice indicating its intent to take legal action. The main question was whether some non-fungible tokens (NFTs) traded on the platform should be classified as securities. NFT Industry Gains Ground as SEC Steps Back Previously, the SEC had raised concerns about whether NFTs might be considered securities under securities laws. This was part of its ongoing efforts to regulate the cryptocurrency and digital asset industries. However, after a lengthy investigation, the SEC has… The post OpenSea Cleared: SEC Ends NFT Investigation Without Action appeared first on Coin Edition.

The NFT market has rebounded despite crypto price weakness, with Bitcoin dipping to $96,000 and Ethereum unable to break past $2,700, hovering around $2,600. As per the latest CoinMarketCap, the global crypto market cap has dropped to $3.18 trillion from last week’s $3.24 trillion. According to CryptoSlam data, NFT sales volume has grown to $152.9 million, marking a 19.60% increase from the previous week. The market has seen expanded participation across all metrics. The weekly data reveals growing market activity: Ethereum ( ETH ) NFT sales jumped 42.71% to $79.1 million, with buyers up 36.09% to 41,619. Wash trading increased 44.66% to $37.5 million. Bitcoin ( BTC ) took second place with $20.6 million despite a 26.59% drop. However, buyer numbers rose 40.65% to 23,097. Mythos Chain held third with $15.4 million, up 4.25%. Solana ( SOL ) followed with $10.9 million, rising 13.86%, while Polygon ( POL ) rounded out the top five with $9.2 million, growing 23.35%. DMarket maintained its lead with $10.2 million in sales, up 6.59%. The platform kept strong volume with 344,394 transactions and 24,012 buyers. Doodles claimed second place with $9.9 million, rising 32.80%. Pudgy Penguins moved to third with $8.8 million, bouncing back with an 83.01% increase and seeing transaction volume more than double. Courtyard held fourth with $8.2 million, up 23.52%, while LilPudgys entered the top five with $6.3 million, posting a 133.39% surge. Notable sales this week included:

Figures from cryptoslam.io indicate $148.18 million in NFT exchanges during this period, alongside a 64.49% expansion in NFT buyer participation and a 49.42% rise in seller engagement. Ethereum maintained its supremacy, securing $74.61 million in sales—a 25.24% elevation—while Bitcoin claimed second place with $20.75 million, despite a 26.95% contraction. Polkadot’s Mythos captured third position at $15.37 million, succeeded by Solana’s $11.04 million (reflecting a 14.66% gain) and Polygon’s $9.25 million, which soared 24.03%. Leading the week’s collections was Mythos’ Dmarket, amassing $10.17 million, while Ethereum’s Doodles followed closely with $9.18 million. Polygon’s Courtyard secured third among collections at $8.28 million, with Pudgy Penguins, Azuki, Milady Maker, and Lil Pudgys also demonstrating vigorous activity. The period’s most extravagant purchase—a “f(x) wstETH position #425”—commanded $435,486, outpacing Bitcoin’s WZRD BRC20 ($77,120) and Cardano’s Earthnode 551 ($65,379). The week’s figures reflect a market recalibrating around Ethereum’s enduring clout and emergent challengers like Mythos, Bitcoin and Solana. While Bitcoin’s NFT foothold wobbled, buyer-seller growth hints at broadening participation beyond speculative flurries. Collections like Doodles are still absorbing positivity from their recent token airdrop announcement. 免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到[email protected]，本平台相关工作人员将会进行核查。

Opensea, a leading nonfungible token (NFT) marketplace, disclosed the SEC’s decision months after receiving a Wells Notice in August 2024. The notice had signaled the regulator’s intent to sue, claiming Opensea’s NFTs were securities requiring registration—a charge the company vehemently disputed. At the time, CEO Devin Finzer criticized the SEC’s stance as an overreach that risked stifling innovation and harming artists reliant on NFT platforms. The company pledged $5 million to support creators and developers facing similar regulatory scrutiny, arguing NFTs represent creative assets rather than investment contracts. “Every creator, big or small, should be able to innovate without fear,” Finzer said last year, vowing to contest the SEC’s allegations. The closure of Opensea’s case follows a similar move by the SEC toward Coinbase, which announced earlier in the day that the regulator agreed to drop its lawsuit, pending commissioners’ approval. Both developments suggest a potential shift in the SEC’s approach under the Trump administration, though the agency has not publicly confirmed Opensea’s claims. While Opensea stated the SEC informed it directly of the decision, the resolution may still require final approval from the commission’s five-member panel, as seen in the Coinbase case. The SEC has not commented on whether it formally voted to close the probe. The reported decision marks a reprieve for Opensea amid broader regulatory clashes between Biden’s old SEC and crypto firms. 免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到[email protected]，本平台相关工作人员将会进行核查。

A new survey found that 79% of FTX creditors plan to reinvest their repayments into cryptocurrencies, with 29% of the reimbursed funds allocated for this purpose. Additionally, the NFT Evening survey, conducted in conjunction with Storible, found that 62% of FTX creditors plan to buy SOL, the native coin of the Solana blockchain. The survey report highlighted Solana’s status as the “go-to choice” for recovery-focused investors. These creditors remain unperturbed by recent events such as the LIBRA memecoin rug pull and the Meteora scandal, with 44% planning to reinvest in the Solana ecosystem. Data indicates that 31% of FTX creditors plan to allocate reimbursed funds to Ethereum projects, while 16% expressed interest in projects on the BNB Chain. The remaining 9% are expected to invest in protocols. Discussing Solana’s appeal, the survey report said: These results highlight a striking resilience within the Solana community. Rather than retreating after negative headlines, investors see the blockchain’s fundamentals—its speed, low fees, and vibrant ecosystem—as reasons to stay the course. However, the survey study report noted the possibility of biases since the findings rely on self-reported data. Meanwhile, the study found that one-third of FTX creditors plan to allocate their repayments toward memecoins, and another 31% expressed interest in artificial intelligence (AI) coins. FTX creditors’ reinvestment strategies are also influenced by market conditions, particularly the price of Solana (SOL). For example, if SOL drops below $145, a significant majority (71%) of creditors intend to hold their existing assets or purchase more. The survey report said this demonstrates strong confidence in Solana’s long-term potential despite past losses and market downturns. 免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到[email protected]，本平台相关工作人员将会进行核查。