OpenSea investigation ends, Bybit hack, Ye | Weekly Recap
Weekly Recap — Ye’s controversial crypto launch; SEC retreats from OpenSea and Coinbase; Bybit recovers from hack.
OpenSea
OpenSea Dodges a Bullet as SEC Drops Investigation—Details
In a move that many in the crypto industry view as a positive signal, the US Securities and Exchange Commission (SEC) has officially discontinued its investigation into OpenSea, the leading NFT marketplace. This decision concludes months of uncertainty regarding the regulatory status of NFTs and their classification under US securities laws. SEC Decision Signals A … Read more
SEC waves white flag on OpenSea probe, CEO says ‘this is a win’
The U.S. Securities and Exchange Commission (SEC) is officially backing off its investigation into NFT marketplace OpenSea — yet another example of the crypto industry benefitting from loose regulations under the Trump administration. OpenSea co-founder and CEO Devin Finzer shared the news late Friday. The announcement came on the heels of Coinbase’s announcement that the … Read more
SEC drops investigation into NFT marketplace OpenSea
The United States Securities and Exchange Commission (SEC) has concluded its probe into non-fungible token (NFT) marketplace OpenSea, according to its founder. “The SEC is closing its investigation into OpenSea. This is a win for everyone who is creating and building in our space,” OpenSea founder Devin Finzer said in a Feb. 21 X post. … Read more
OpenSea market share jumps to 71.5% after SEA token reveal
OpenSea has staged a dramatic comeback, reclaiming 71.5% of the Ethereum NFT market share in the past week. Just four weeks ago, its share stood at 25.5%, with Blur dominating the space. The Block reports that this surge coincides with OpenSea’s long-awaited announcement of its native token, SEA, on Feb. 13. Since the token reveal, … Read more
OpenSea aims to reverse downward NFT trend with OS2
The OpenSea journey has been rough and controversial. The startup, fostered by Y Combinator, quickly became a tech unicorn and an NFT sector monopolist. By 2025 the OpenSea timeline became a “rise and fall” story. On Feb. 13, the New York-based company announced the launch of a new version, OS2. The tweaks address some of … Read more
OpenSea Launches OS2 Beta and Teases SEA Token Airdrop
How OS2 and Strategic Changes Are Shaping Its Future The NFT market has been struggling since its peak in 2022. By 2023, total trade volumes dropped below $9 billion. However, December 2024 brought renewed optimism with the highest trading activity in over a year. OpenSea, which once led the NFT market, has faced stiff competition … Read more
Getgems bets on Telegram for NFT adoption, OpenSea airdrop backlash: Nifty Newsletter
In this week’s newsletter, read about the non-fungible token (NFT) marketplace Getgems betting on Telegram to drive NFT adoption in 2025 and how OpenSea users are unhappy with its initial release of the trading platform’s version 2. In other news, the DraftKings lawsuit against the National Football League Players Association (NFLPA) may be coming to … Read more
OpenSea Launches OS2 Beta Exclusively for Gemesis Holders, Community Questions Fairness
Key Notes OpenSea has launched access to its upgraded OS2 platform. The access to test and share feedback was limited to Gemesis NFT holders only. This accessibility model has sparked a backlash among members of the OpenSea community. OpenSea, a leading Non-Fungible Token (NFT) trading platform, has just launched a private beta for OS2. This … Read more
7 Million OpenSea Addresses Leaked in 2022 Breach, SlowMist Confirms
The data breach OpenSea’s email service provider which occurred in June 2022 resulted in the leak of 7 million email addresses. Experts have found that this includes many well-known people, firms as well as key opinion leaders (KOLs) in the crypto industry. OpenSea Breach According to the latest update shared by SlowMist’s pseudonymous chief information … Read more