The text discusses the current state of the crypto market, focusing on several key developments. It reports that 96% of NFTs have been deemed 'dead' as the market struggles with speculation. The article also mentions that Bitcoin ETF outflows have surpassed $1 billion in just 8 days, indicating a decline in investor interest.

Additionally, the text discusses the 'Altcoin Season' chatter, which is heating up on various platforms. However, an index suggests that the much-anticipated Altcoin season is still far off. This suggests that the broader crypto market is facing challenges, with the dominance of Bitcoin and the struggles of the NFT market being significant factors.

The article also covers a report about the World Liberty Financial project, where 70% of the governance token, WLFI, is reserved for insiders, including founders, team members, and service providers. This raises concerns about the project's transparency and equitable distribution of tokens.

Source: https://crypto.aabeyllc.com/70-of-world-liberty-financials-tokens-are-reserved-for-insiders-report/

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