🔥 1. Zora NFT or Memecoin? A Case of Market Confusion
On April 17, Zora launched a new NFT collection on the Base network. However, a memecoin titled “Base is for Everyone” launched almost simultaneously, leading to widespread confusion in the Web3 community. Traders mistook the token for part of the NFT drop, resulting in a 300% surge in BASE token volume.
Despite being unrelated, both launches used similar branding and timing. Within an hour, hundreds of Zora NFTs sold out while memecoin transactions soared. This incident underscores the volatility of branding overlap and how quickly it can trigger unintended market speculation.
🔗 Source: Blockchain.News
🧠 2. Not Everything Should Be On-Chain, Says nftnow Founder
Matt Medved, co-founder of nftnow, responded to recent market confusion by warning that not all content needs to be tokenized. He argues that financializing every piece of media content could undermine trust in Web3 journalism. “Value doesn’t always require a token,” he noted, calling for a more selective, responsible approach to on-chain media.
🔗 Source: nftnow.com
🧱 3. Unstoppable Domains Launches .BCH Domain in Partnership with Bitcoin Cash
Unstoppable Domains and Bitcoin Cash have teamed up to launch the new .BCH domain extension. Designed to simplify crypto payments and enhance Web3 identity, the .BCH domains enable users to link blockchain wallets and personal data under a decentralized domain system.
The initiative aims to promote mainstream adoption of digital identity through easily readable wallet addresses.
🔗 Source: GlobeNewswire
🛡️ 4. Web3 Insurance Approved by UAE Central Bank
Relm Insurance and Liva Insurance have received regulatory approval from the UAE Central Bank to offer Web3-based insurance products. Their solution, SIGMA WEB3, will provide coverage tailored to blockchain startups and crypto-native businesses.
This marks a significant milestone for Web3 regulation and risk management in the MENA region.
🔗 Source: GlobeNewswire
📈 5. OpenSea Enables Solana Token Trading
OpenSea has expanded its support to include Solana-based tokens for beta users. The integration triggered a 20% surge in Solana NFT trading volume and a 3.5% price increase in SOL.
The move is part of OpenSea’s ongoing multi-chain strategy, making it easier for creators and collectors to mint and trade NFTs across diverse ecosystems.
🔗 Source: Blockchain.News
🐶 6. Shiba Inu Debuts Karma Engine for Reputation in Web3
The Shiba Inu team has launched the Karma Engine, a new system designed to reward positive behavior within its ecosystem. Users earn reputation points for participation in voting, discussions, and governance.
The project aims to increase trust and engagement in its community while offering a reputation score that will influence visibility and future privileges.
🔗 Source: Shiba News
📉 7. Galaxy Digital Transfers 12,500 ETH to Binance
Galaxy Digital has transferred 12,500 ETH to Binance on April 18, bringing the total amount moved in recent days to 62,181 ETH.
This large-scale transfer could indicate imminent liquidation or portfolio rebalancing, prompting discussions among traders and analysts about market impact.
🔗 Source: The Crypto Basic
🧨 8. CryptoPunk Sold With $10M Loss Despite Collection Surge
A rare CryptoPunk NFT was recently sold with a $10 million loss, despite the collection’s average price surging by 44%. This highlights the risk volatility in high-end digital collectibles, even as blue-chip NFT projects rebound in value.
Some experts speculate this was either a tax-loss harvesting move or a forced liquidation.
🔗 Source: Blockchain Reporter
Cover Image Alt Text: Web3 headlines April 2025 news highlights
Meta Description: Stay updated with the latest Web3 news: NFTs, crypto wallets, identity domains, and major ETH movements — April 17–18, 2025.
