According to Odaily, Parallel Network has announced on platform X that it will be reducing the liquidation threshold of its NFT lending platform by 1% daily until it reaches the target value. For instance, the threshold for BAYC will be reduced from 80% to 65%, and for MAYC, it will be lowered from 70% to 65%. Parallel Network has warned users to be aware of the liquidation risk as this adjustment will impact the health factor of the loans. Previously, Parallel Network had stated that due to recent fluctuations and downward trends in the NFT market, it would be adjusting the parameters of the NFT lending protocol to mitigate systemic risk.

According to Foresight News, the all-chain AI gaming ecosystem, Cellula, has entered into a strategic partnership with Nervos CKB. As part of the collaboration, Cellula will use the RGB++ protocol to issue 511*6 sets of BitCell NFTs on the Bitcoin layer one network. Cellula will empower its game assets, BitCell, through its unique vPoW mining mechanism. Additionally, Cellula will use the RGB++ protocol to create a self-evolving chain of digital life in the BTC ecosystem. The RGB++ protocol provides programmability to the Bitcoin mainnet. It allows assets to leap directly between the Bitcoin mainnet and Navos CKB without the need for a cross-chain bridge, achieving complete decentralization. In addition to this, Cellula and Nervos CKB will host an AMA event this Wednesday to provide a detailed introduction to this partnership and its impact on the community.

According to Odaily, Silly Dragon has announced the launch of its SPL404 NFT, which will support free minting. The company plans to set up a new 'Hybridization Portal' website for users to redeem. Users will only need to exchange SILLY tokens to redeem the NFT, and they will retain 100% of the SILLY token value, which can be exchanged again at any time. The Hybridization Portal will remain open until all 8888 Hybrid NFTs have been redeemed. Once minting reaches 25%, the Hybrid Swap will be deployed. This move by Silly Dragon is seen as a significant step in the NFT space, offering users more flexibility and control over their digital assets.

According to Foresight News, a recent transaction on the CryptoPunk website revealed that CryptoPunk #627 was sold for 250 ETH. This amount is approximately equivalent to $838,000. The sale took place just 30 minutes prior to the report. CryptoPunk is a digital marketplace where users can buy, sell, and trade virtual assets. The sale of CryptoPunk #627 is a significant event in the digital asset market, reflecting the growing interest and investment in virtual assets.

According to Odaily, on June 25th, the leading sectors in the market were Cosmos, Regional Concept, and NFT. Among these, FET saw a 24-hour increase of 18.07%, OCEAN had a 24-hour increase of 12.82%, and GINOA experienced a significant 24-hour increase of 51.37%. At the time of reporting, the top three cryptocurrencies in terms of real-time gains were LPM, T2T2, and GINOA. The top three cryptocurrencies in terms of transaction volume were BTC, ETH, and SOL. These figures highlight the dynamic nature of the cryptocurrency market and the potential for significant gains in a short period.

According to BlockBeats, Allora Labs, formerly known as Upshot and specializing in NFT evaluation, has secured $3 million in strategic funding ahead of the launch of its decentralized artificial intelligence network's mainnet. The funding round saw participation from Archetype, Delphi Ventures, CMS Holdings, ID Theory, and DCF God. Nick Emmons, Co-founder and CEO of Allora Labs, stated that the structure of this funding round was equity financing, similar to all previous rounds for Allora. He declined to comment on the valuation. Allora Network is a decentralized artificial intelligence network built as a Layer 1 blockchain on the Cosmos stack. Emmons stated that the network aims to address a fundamental issue in today's AI field, namely 'isolated machine intelligence'.

According to Odaily, Swarm Markets, a platform based in Berlin, is planning to launch Non-Fungible Tokens (NFTs) that represent ownership of physical gold. The gold bars backing these tokenized assets will be stored in Brink's vault in London. After users complete the Know Your Customer (KYC) and Anti-Money Laundering (AML) processes, they will be able to exchange NFTs in a peer-to-peer manner through Swarm's decentralized Over-The-Counter (dOTC) platform. Swarm Markets has stated that its tokenized gold will not face the upcoming regulatory scrutiny from the Markets in Crypto Assets (MiCA) because, according to the official text of MiCA, 'this regulation should not apply to unique and irreplaceable crypto assets, including digital art and collectibles.' This suggests that Swarm's gold-backed NFTs will be exempt from such regulations due to their unique and non-replaceable nature.

According to Odaily, asset management firm VanEck has updated its social media avatar on the X platform to Pudgy Penguins. The change was accompanied by a caption stating, 'The boss thinks this is too cute, can't resist pfp.' The term 'pfp' is commonly used in social media parlance to refer to 'profile picture.' The reason behind this change has not been disclosed by the company. Further details are awaited.

According to Odaily, renowned investor Mark Cuban has started selling Non-Fungible Tokens (NFTs) from his collection after a two-year hiatus. In the past couple of days, he has sold 12 NFTs, with a total value of approximately 11.43 Wrapped Ether (WETH), equivalent to around $37,800. The sales primarily included a Pudgy Penguin 6239, which was sold for 9.075 WETH. In addition to this, Cuban has listed a HASHTAG NFTs by Proof of Culture for 15 Ether (ETH) and a BibleNFT for 5 ETH. He still holds a variety of NFT assets worth more than 1,900 ETH. The move marks a significant shift for the investor, who has been a notable figure in the NFT space for the past two years. The sales and listings indicate a potential change in strategy or a simple diversification of his digital asset portfolio. The exact reasons behind these sales remain unknown.

According to Odaily, NFT perpetual contract trading platform, Nftperp, has recently announced that users must connect their wallets to the Blast Dashboard to be eligible to participate in the Blast TGE. The platform has set a deadline for this operation, which must be completed before 8 AM Eastern Time on June 25th. Nftperp has made it clear that any user who fails to connect their wallet to the Blast Dashboard will not be eligible to participate in the Blast TGE. This announcement is part of the platform's efforts to ensure a smooth and efficient process for its upcoming Blast TGE. The platform has not provided any further details regarding the Blast TGE or the implications of not connecting a wallet to the Blast Dashboard. Users are advised to follow the instructions provided by Nftperp to ensure their eligibility for the Blast TGE.

According to Odaily, Parallel Network, a comprehensive L2 network, has announced that it will no longer support the lending market for Otherdeed Expanded NFT assets on the X platform due to a lack of market liquidity. The changes have already been implemented in the Parallel lending market for Otherdeed Expanded. The Loan-to-Value (LTV) of Otherdeed Expanded has been adjusted to zero, meaning that users can no longer use Otherdeed Expanded for lending on the platform. Additionally, the supply of this asset has been disabled on the front end. However, it is important to note that users can still repay their existing Otherdeed Expanded positions. Parallel Network appreciates the understanding and cooperation of its users in this matter. This announcement marks the last tweet in this thread.

According to Foresight News, Holograph, a comprehensive NFT protocol, has announced the completion of its third HLG token burn. The company has reportedly destroyed 51,530,079 tokens in this round, leaving 738,419,187 HLG tokens still to be burned. The token burn is a common practice in the cryptocurrency industry, often used to regulate the number of tokens in circulation and potentially increase the value of the remaining tokens. Holograph's decision to continue with the token burn indicates its commitment to maintaining a balanced and stable token economy. Further details about the future plans for the remaining HLG tokens are yet to be announced. The company's actions will be closely watched by investors and market participants, as it could significantly impact the value and stability of the HLG tokens.

According to BlockBeats, artist Jiannan Huang's NFTs have been completely sold out as of June 23. Huang is planning to launch a high-end club named 'BW3'. This club aims to bring together top individuals from the art, mining, coin, and poker fields. Currently, the floor price of Orbit By Jiannan Huang is 2.1ETH, with a total transaction amount exceeding 160 ETH. As reported, being a core member of the ORBIT community could provide an opportunity to become a member of the club. This would allow individuals to explore potential business opportunities and collaborations with industry leaders and innovators. Next week, Mr. Huang Jiannan will interact with users live on Twitter Space.

According to Foresight News, Billy Wen, a partner at Negentropy Capital, has announced plans to organize a large-scale purchase of NFTs, including those from Slerf. The aim is to resolve a refund issue involving 12,000 SOL within 90 days. Wen clarified that this move is not purely altruistic or charitable, but is intended to ensure that investors who have purchased Slerf tokens and NFTs receive the returns they are due. Wen, both personally and on behalf of the community, has put forth four demands to Slerf: no new tokens should be issued under the name of Slerf or Dev; the project's operational model should continue to be governed by Slerf DAO, with important decisions made by community voting rather than by Dev alone; an open attitude should be maintained and active communication with the community should be encouraged, including the establishment of official Chinese Twitter and TG channels; and the right partners should be actively sought. Wen further stated that if Slerf's Dev meets these demands and fails to raise 12,000 SOL within three months, he and his fund will buy all remaining NFTs to complete the pre-sale repayment.

According to Odaily, Negentropy Fund partner, BillyWen, has expressed his willingness to purchase Slerf NFTs to support the project, provided the Slerf project's developer meets four specific requirements. This move is aimed at facilitating the completion of refunds to pre-sale investors, amounting to 12,000 SOL, within three months. The four conditions set by BillyWen include the cessation of new token issuance, the establishment of a community governance model based on DAO, open communication with the Chinese community, and careful selection of project partners. If these conditions are met, BillyWen has committed to financially backing the Slerf project through the purchase of its NFTs. This development comes as part of a broader effort to ensure the successful completion of the Slerf project and to secure the interests of its pre-sale investors. The proposed community governance model and open communication channels are expected to foster transparency and accountability within the project, while the careful selection of partners is intended to ensure the project's long-term viability.

According to Foresight News, NFT series Pudgy Penguins and its NFT licensing platform OverpassIP have jointly established a parent company named Igloo. This new entity is positioned above Pudgy Penguins, Overpass, and another undisclosed entity. As per the official Medium page of Igloo, the company is in the process of building a mainstream Web3 IP ecosystem and infrastructure. This is being done to support on-chain brand building and consumer engagement. The establishment of Igloo signifies a strategic move by Pudgy Penguins and OverpassIP to consolidate their operations and further their objectives in the NFT space. The details of the undisclosed entity involved in this arrangement have not been revealed yet. The role and contribution of this entity to the newly formed Igloo remain a subject of speculation. The creation of Igloo and its focus on building a Web3 IP ecosystem indicates a growing trend in the NFT market. It highlights the increasing importance of on-chain brand building and consumer engagement in the digital asset space. The move also underscores the potential of NFTs beyond art and collectibles, extending into the realm of brand building and consumer interaction.

According to BlockBeats, a newly created address deposited 1069 ETH in the early hours of today. Following this, the address bid for 110 Fat Penguin NFTs on the BendDAO platform at a price of 8.8 ETH each. This move is speculated to be a whale's attempt to rescue bad debts. As of the time of writing, the floor price of Fat Penguin NFTs has rebounded to 9.196 ETH, a 31.2% increase from the previous low of 7 ETH. This significant increase in price is attributed to the large purchase made by the whale. The identity of the whale remains unknown, but their actions have had a significant impact on the market for Fat Penguin NFTs. The whale's investment has not only increased the floor price but also brought attention to the Fat Penguin NFTs, potentially attracting more investors to the market. The BendDAO platform, where the transaction took place, is a popular platform for trading NFTs. The purchase of 110 Fat Penguin NFTs at a price of 8.8 ETH each is one of the largest transactions to have taken place on the platform recently. This event highlights the influence that large investors, often referred to as 'whales', can have on the NFT market. Their actions can significantly affect the price and popularity of specific NFTs, as demonstrated by the recent increase in the floor price of Fat Penguin NFTs.

According to Foresight News, Blend, an NFT lending platform under Blur, has reached a total transaction volume of $6.6 billion. The platform has also recorded a total of 720,536 loans. The current number of individual borrowers on the platform stands at 11,044, while the number of individual lenders is 4,532. These figures indicate a significant level of activity and engagement on the platform, reflecting the growing interest in NFTs and their potential use in lending and borrowing.

According to Odaily, NFT project Azuki has announced the appointment of veteran entertainment executive Steve Chung as its Chief Operating Officer. Chung aims to leverage his professional expertise from Hollywood and Silicon Valley to expand Azuki's fan base and revenue. The company is seeking to diversify its operations beyond digital collectibles. Prior to joining Azuki, Chung served at Fox Corporation and held the position of Chief Global Officer at South Korean entertainment giant CJ ENM Entertainment. His experience in the entertainment industry is expected to be instrumental in Azuki's expansion plans. The move is seen as a strategic step for Azuki as it aims to broaden its reach and diversify its business model.

According to Odaily, Bitwise has announced that its previously launched Ethereum commercial will be minted as a Non-Fungible Token (NFT). This marks the first time an advertisement has been minted as an NFT on national television in the United States. The company has also revealed that 50% of the profits from this venture will be donated to Protocol Guild. The remaining 50% will go directly to the actors involved in the advertisement. This innovative approach to advertising not only provides a new revenue stream for the actors but also supports the work of Protocol Guild. The move by Bitwise is a significant step in the integration of blockchain technology into mainstream media and advertising. It demonstrates the potential of NFTs beyond the art world, where they have primarily been utilized up until now. The use of NFTs in this context could pave the way for a new era of advertising, where commercials can be owned and traded just like any other digital asset.