Justin Bieber’s Bored Ape Valuation Drops 99% amid Structural NFT Market Rebalancing
A Bored Ape Yacht Club NFT purchased by Justin Bieber for $1.3 million in 2022 is currently valued at approximately $12,000.
Ethereum is a decentralized blockchain platform designed to support smart contracts and decentralized applications (dApps) alongside its native cryptocurrency, Ether (ETH). Unlike Bitcoin, which focuses primarily on peer-to-peer payments, Ethereum enables developers to build programmable financial products, digital marketplaces, and autonomous systems directly on the blockchain. Its flexible architecture has made it the foundation for major crypto sectors, including DeFi, NFTs, and Web3 applications. Ethereum continues to evolve through network upgrades aimed at improving scalability, security, and energy efficiency. As a result, it plays a central role in shaping how blockchain technology is used beyond simple value transfer.
A Bored Ape Yacht Club NFT purchased by Justin Bieber for $1.3 million in 2022 is currently valued at approximately $12,000.
Bitcoin fell to its lowest level since April 2025 as a cross-asset sell-off impacted cryptocurrencies, commodities, and equities, signaling heightened risk-off sentiment.
Universal Digital has introduced USDU, the first US dollar stablecoin registered by the UAE central bank, marking a milestone in the country’s regulated digital payments framework.
Ethereum is set to activate ERC-8004 on mainnet, introducing a standardized framework that allows AI agents to operate as economic actors across decentralized networks.
Animoca Brands Japan has partnered with RootstockLabs to introduce Bitcoin-native DeFi tools to Japanese corporations, focusing on regulated treasury management use cases.
UBS is reportedly considering allowing its wealthiest clients to trade Bitcoin and Ether, signaling a potential expansion of crypto offerings in private banking.
Large transfers of Bitcoin and Ether from BlackRock to Coinbase Prime, combined with ETF outflows and pending US inflation data, are heightening expectations of near-term crypto market volatility.
Ripple’s dollar-backed stablecoin RLUSD will begin trading on Binance with Ethereum support on January 22, while XRP Ledger integration is expected in the near term.
Memecoin launchpad Pump.fun is expanding beyond token launches with the creation of Pump Fund, an investment arm that will back up to 12 early-stage projects through a $3 million hackathon.
A database migration error on Paradex’s perps exchange caused Bitcoin to show $0, prompting a liquidation cascade and requiring a chain rollback to restore normal operations.