The crypto market is facing significant challenges, with a report indicating that 96% of NFTs are now considered "dead" as the market struggles with speculation and volatility. This comes as Bitcoin ETFs have seen over $1 billion in outflows in just 8 days, reflecting the ongoing bearish sentiment in the crypto space.

Meanwhile, discussions around an "altcoin season" have been heating up, with investors hoping for a resurgence in alternative cryptocurrencies. However, data from an industry index suggests that this so-called altcoin season is still far off, as the crypto market continues to be dominated by Bitcoin and other major players.

In a related development, the Sui blockchain is leveraging radio waves to provide banking services to the unbanked population, demonstrating the ongoing efforts to expand the reach of blockchain technology beyond the traditional financial system. As the crypto market navigates these turbulent times, investors and industry participants will be closely watching for any signs of recovery or new opportunities that may arise.

Source: https://crypto.aabeyllc.com/sui-blockchain-taps-radio-waves-to-bank-the-unbanked-offline/

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