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CoinW executive Sonia Shaw told Cointelegraph that the recent uptick in NFT sales shows a "broader and more profound interest” extending beyond art. In the weeks leading to November, nonfungible token (NFT) data showed a consistent upward leap in weekly sales . While the volume is still far from its peak in 2021, executives in the industry believe the upward trend will likely continue .  On Nov. 6, data published by blockchain analytics firm Nansen showed that NFT sales volume leaped from $56 million in the week ending on Oct. 9 to $129 million in the week ending on Nov. 6. NFT sales volume data in the last year. Source: Nansen According to Jonathan Perkins, the co-founder of NFT marketplace SuperRare, this trend is likely to continue for the coming months. The executive believes that the worst has passed and is expecting upward swings shortly. He said:  “I think the worst of the NFT-hangover-induced bear market is behind us, and things are turning around. Marketplace volume

Tether has announced modifications to its USDT issuance strategy, discontinuing support on the Bitcoin, Kusama, and Bitcoin Cash while indicating potential future collaborations. Tether, the issuer of the stablecoin USDT, has announced significant changes to its support on various blockchains. After an extensive evaluation focusing on security, customer service, regulatory compliance, and overall oversight, Tether halted support for USDT on the Bitcoin(BTC), Kusama(KSM), and Bitcoin Cash(BCH) platforms. The company cited insufficient traction as the primary reason, saying “when a blockchain does not show a considerable increase in usage over a considerable time, it becomes increasingly challenging to justify the necessary resources and oversight. It can even pose potential security risks.” Just In: Tether has announced that it will stop minting and issuing USDT on Polkadot test chain Kusama, Bitcoin Omni, and BCH. Users can swap USD₮-Omni, USD₮-Kusama, and USD₮-BCH-SLP to other