The X account of scrap-metal billionaire and high-profile NFT investor Adam Weitsman was hacked Thursday and used to promote not one — but two — crypto scams, including a bogus forex trading course and a knockoff memecoin dubbed “Clawed Ape Yacht Club.”

In a dramatic strategic reversal, Magic Eden is pulling the plug on its Ethereum and Bitcoin NFT operations — abandoning its once-celebrated multi-chain expansion to double down on crypto gambling.

Pudgy Penguins has launched 'Pudgy Petals', a three-day Valentine’s pop-up in New York that brings its characters into a real-world gifting and retail experience. The event centres on a plush bouquet product and interactive activities, as the brand expands beyond NFTs into physical spaces and mainstream culture.

Forgotten Runiverse, a fantasy MMORPG on Ethereum’s Ronin network, is pausing its servers due to financial difficulties, though the team says the project is not ending. All player data will be kept safe as the developers explore options for the game’s future.

Nifty Gateway will close permanently on 23 February 2026 and has moved to withdrawal-only mode, giving users about 30 days to move their NFTs and funds. Owner Gemini is shutting the platform to focus on its main customer app, while NFT services will continue through Gemini Wallet.

NFT Paris 2026 and related events were cancelled with a month’s notice due to weak NFT markets and financial pressures. Ticket holders will be refunded, but some sponsors may not receive their money back.

Pudgy Penguins projected its animated characters on the Las Vegas Sphere for a week-long holiday campaign, promoting its physical products rather than NFTs. The display helped the crypto-born brand reach mainstream audiences, supporting merchandise sales and boosting recognition despite a struggling NFT market.

MoMA has added eight CryptoPunks and eight Chromie Squiggles to its permanent collection, marking a major recognition of NFTs as legitimate art. The works were donated by creators and collectors and will be displayed alongside other digital and experimental media at the museum.

Soulja Boy apologised for promoting numerous crypto and NFT projects that later failed or were scams. Critics and analysts remain concerned as he appears to be involved with new high-risk tokens on the Base platform.

Crypto investors bought a 69-million-year-old triceratops skeleton for about US$5 million and are increasingly investing in physical assets. NFT sales have fallen sharply, with November 2025 volume at US$320 million and the sector’s market value down 66% from its January peak.