Daily trading volume on OpenSea, the largest non-fungible token (NFT) marketplace, has fallen from a peak of $323 million in August to about $52 million on Thursday.

Osprey Funds, LLC, announced the launch of the Osprey Solana Trust for private placement. The Trust is the first investment vehicle to offer exposure to SOL, the native token used on the Solana blockchain.

Mastercard has announced that it has acquired cryptocurrency tracking firm CipherTrace to provide "additional transparency and support" to the emerging ecosystem of digital assets.

Join us on the 16th of September at 5 PM BST / 12 PM EST for a webinar that will explore digital asset liquidity in this unique session, in partnership with Bitstamp.

Top stories in the Crypto Roundup today:

• NFT Trading Volume Plummets but Analysts Say NFT Craze Is Far From Over
• Osprey Funds Launches Solana Fund
• Mastercard Acquires Crypto Analytics Firm CipherTrace
• Virtual Event: Exploring The Depths Of Digital Asset Liquidity

NFT Trading Volume Plummets but Analysts Say NFT Craze Is Far From Over

Daily trading volume on OpenSea, the largest non-fungible token (NFT) marketplace, has fallen dramatically from the $323 million peak in August to about $52 million on Thursday, according to Dune Analytics.

The staggering drop could affirm the thoughts had by corners that the NFT market is a bubble that has popped. But several market observers say the market remains vibrant and far from finished. Ong Joo Kian, a research analyst at Delphi Digital, wrote in a market commentary to clients:

“This doesn’t mean the NFT season is just over yet. There’s still a lot of attention on the space.”

Others say the NFT market has merely hit a temporary plateau, as it looks for the next big project to generate more funds and new participants. Mason Nystrom, Messari’s Senior Research Analyst, said.

“It’s possible we’re experiencing a top in certain NFT categories like PFP [profile pics] or avatar NFTs, but it only takes one new and exciting project to help the market reach a new top.”

Osprey Funds Launches Solana Fund

Today, Osprey Funds, LLC, a premier digital asset management firm, announced the launch of the Osprey Solana Trust for private placement. The Trust is the first investment vehicle to offer exposure to SOL, the native token used on the Solana blockchain.

Following a breakthrough in mobile communications, Solana Founder and CEO Anatoly Yakovenko introduced Proof of History to the blockchain, an algorithmic solution for timestamping transactions. This enables the Solana network to operate at incredible speed, processing 65,000 transactions per second with sub-second block finality, which will only get faster as network bandwidth increases. Greg King, CEO of Osprey Funds, said:

“The pedigree of the science and potential of the technology behind Solana is unique among current blockchains. Solana has the potential to become the rails of an integrated, decentralized financial network that establishes one global price for assets. With the debut of the Osprey Solana Trust, we are continuing to build onramps for investors to access what we believe are the most promising blockchain technologies.”

Mastercard Acquires Crypto Analytics Firm CipherTrace

Mastercard has announced that it has acquired cryptocurrency tracking firm CipherTrace to provide "additional transparency and support" to the emerging ecosystem of digital assets.

CipherTrace specializes in cryptocurrency-focused anti-money laundering, forensics, and blockchain threat intelligence solutions, with an analytics platform that enables the tracking and deanonymization of crypto transactions.

Mastercard and CipherTrace's "integrated offering" will help businesses "identify and understand their risks" and "help manage their digital asset regulatory and compliance obligations," the companies announced in a press release accompanying the news. Ajay Bhalla, president of Cyber & Intelligence at Mastercard, stated:

“Digital assets have the potential to reimagine commerce, from everyday acts like paying and getting paid to transforming economies, making them more inclusive and efficient. With the rapid growth of the digital asset ecosystem comes the need to ensure it is trusted and safe. Our aim is to build upon the complementary capabilities of Mastercard and CipherTrace to do just this.”

Webinar - Exploring The Depths Of Digital Asset Liquidity

Liquidity has historically been an area of acute focus in financial markets as it relates to a range of factors that market participants must consider. But just how liquid is digital asset liquidity and do we have the data to reliably assess this metric in our ever-evolving digital asset landscape?

Join us on the 16th of September at 5 PM BST / 12 PM EST for a webinar that will explore digital asset liquidity in this unique session, in partnership with Bitstamp.

The webinar will start with an overview of our Exchange Liquidity Report, hosted by our Commercial Director, James Harris. James will then moderate a panel session featuring: Aya Kantorovich, Head of Institutional Coverage at FalconX, Daniel Masters, Executive Chairman at CoinShares and Edd Carlton, Institutional Digital Asset Trader at Flow Traders, as we explore the ins and outs of digital asset liquidity and its importance for market participants. Click here to register.

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