The NFT market is in turmoil, with a staggering 96% of NFTs deemed "dead" as the sector struggles with speculation and uncertainty. This comes as the crypto market faces a broader downturn, with Bitcoin ETFs recording net outflows exceeding $1 billion in just 8 days from August 27 to September 6.

Altcoin season chatter is heating up on various platforms, but an index indicates that it's still too early for a significant altcoin rally. Meanwhile, the Sui blockchain is tapping into radio waves to bank the unbanked, and Binance Research has published a report highlighting blockchain's potential to transform the financial industry.

The crypto market turmoil is further exacerbated by political developments, such as the ongoing clash between former US President Trump and Vice President Harris. Investors and industry observers are closely monitoring these events and their potential impact on the crypto ecosystem.

Source: https://crypto.aabeyllc.com/bitcoin-etfs-outflows-surpass-1-billion-in-8-days/

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