Cryptocurrency
Nifty News: NFT restaurant crumbles, Binance NFT ends Polygon support and more

Bold plans for a nonfungible token (NFT)-based restaurant and private members lounge in San Francisco have ended abruptly after the company behind the project halted construction due to challenging macroeconomic factors.
The two venues were being built on Salesforce Park and were going to be dubbed the “Sho Restaurant” and “Sho Club Sky Lounge.”
The latter would only be accessible to holders of the Sho Club NFTs, which cost anywhere from $7,500 to $300,000, and offered access to other future Sho Group hospitality offerings.
Speaking with San Francisco-focused news website SFGATE on Sept. 7, Sho Group CEO Joshua Sigel stated that it was no longer possible to build the project and confirmed that the company ended its lease agreement in July.

The CEO added: “Despite a strong demand for the concept with millions of dollars in both pre-sold and reserved memberships […] we ultimately could not address the many concerns brought about by potential investors, most of which have been around the future of SF and the rising costs of constructing the restaurant.”
Sigel went on to highlight difficult macro factors that ended up making construction costs too expensive, such as “labor shortages, supply chain disruptions, geopolitical uncertainty, and inflation.”
Sigel says Sho Group has refunded everyone who bought the NFTs.
Binance NFT ends support for Polygon
Binance’s NFT marketplace suddenly announced that it would soon wind down support for Polygon-based NFTs but did not provide a clear explanation as to why.
In a Sept. 8 blog post, Binance NFT stated that it will discontinue its The Sandbox NFT Staking Program later this month, citing a decision to streamline product offerings on the platform.
The program allows users to stake their Polygon-based Land NFTs from The Sandbox to earn SAND token rewards; however, it will officially shut down on Sept. 26.
Users will have their NFTs automatically unstaked and returned to the spot wallets.
As part of the closure of the program, Binance NFT also stated that support for the Polygon network will come to an end on the same day, with users being given until Dec. 31 to withdraw all their Polygon NFTs from the marketplace.
Explaining the move, all Binance NFT stated was that “more details will be provided to impacted users at a later date.”

Reddit launches NFL NFTs
To celebrate the new NFL season that kicked off this week, NFT-friendly social media platform Reddit launched NFL-themed NFT avatar collectibles.
TODAY IS THE DAY Introducing NFL #RedditCollectibles for all 32 @NFL teams (limited to 500 units per team). Draft yours now! #NFLxReddit #2023NFLKickoff https://t.co/e43sIHl9oW pic.twitter.com/WOjRagyJmv
— Reddit (@Reddit) September 6, 2023
The collection was launched on Sept. 7 and covers all 32 teams. The NFTs are being sold for $25 a pop, and the artwork depicts the Reddit Snoo mascot wearing various uniforms.
There are 500 tokens available per team; however, at the time of writing, it appears that many of the sets have more than 400 NFTs still available, suggesting there hasn’t been any rush to snap them up yet.

Rumble Kong League x Stance
As part of a partnership with NBA star Paul George and popular sock, underwear and T-shirt brand Stance, NFT project Rumble Kong League has dropped phygital basketball socks.
The drop is part of a broader collaborative project dubbed Hyper Socks, which will eventually see the launch of a 3v3 basketball game with play-to-earn features.
Related: NFT startup Rario loses founders after $120M funding last year: Report
The first stage of the project saw the sale of tokenized socks that can be used in the upcoming game.
In a Sept. 8 announcement, the Rumble Kong League team kicked off stage two by opening up the sale of 250 boxes of physical Stance Sox, that are themed with the cartoon gorilla avatars from the project.
Two legends in their field, joining forces to create greatness.
The RKL x @Stance HyperSocks are live!
Top performance rare fur quality that’ll create a spark on any basketball court.
Only 250 available!
Grab your box before they’re gone! pic.twitter.com/3rQXtTtciI
— Rumble Kong League (@RumbleKongs) September 8, 2023
The partnership marks a significant mainstream partnership for the project, considering Stance’s ties to the NBA and other pro sports leagues.
Other Nifty News:
The team behind NFT project OnChainMonkey is shifting its entire collection of 10,000 NFTs from Ethereum to Bitcoin in a massive undertaking expected to take several months.
The Base network’s “Onchain Summer” promotion in August resulted in over 700,000 NFTs minted by over 268,000 unique wallets, according to a Sept. 6 announcement from the team.
Magazine: NFT Collector: Giant Swan’s gothic VR dreamscapes… royalty nightmare on OpenSea
Cryptocurrency
DWF Ventures Analyzes Performance of Binance Alpha and Spot Listings

[PRESS RELEASE – Dubai, UAE, June 13th, 2025]
Leading web3 investor DWF Ventures has published an analysis of Binance Alpha and Spot listings. It examines the performance of projects that have reached the exchange’s spot market following a token launch on Binance Alpha.
DWF Ventures has comprehensively analyzed the projects that have featured on Binance Alpha following the introduction of the listing mechanism in 2024. It highlights the increased transparency that Alpha brings by enabling users to appraise the merits of emerging tokens, some of which have the potential to migrate to a Binance Spot listing.
Research conducted by DWF Ventures has found that of the more than 190 projects to have been selected by Binance Alpha to date, more than 70% are currently trading at below $50M market cap, while a handful of outliers such as Ondo and Virtuals have surpassed $1B valuation.
DWF Ventures’ analysis also shows that memecoins and AI agents have dominated Binance Alpha projects with DeFi in third place. Memecoins and AI agents surpass all other onchain sectors featured in Binance Alpha combined. DWF further found that Solana was the most popular chain for featured projects, followed closely by BNB Chain and Ethereum.
Key findings from DWF Ventures’ Binance Alpha report include the fact that around 10% of Alpha projects converted to a Spot listing, with a total of 19 making the grade. DeFi and memecoins had the highest conversion rate, while the most valuable projects after Ondo and Virtuals were Maple Finance and Cookie DAO.
DWF Ventures summarizes its report by noting that projects that migrate from Alpha to Spot are typically defined by active social media engagement, high trading volume, and are category leaders in popular onchain verticals. The full DWF Ventures report can be read here.
About DWF Labs
DWF Labs is the new generation Web3 investor and market maker, one of the world’s largest high-frequency cryptocurrency trading entities, which trades spot and derivatives markets on over 60 top exchanges.
Learn more: https://www.dwf-labs.com/
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Cryptocurrency
Roam Launches on Binance Alpha and Solana’s Meteora DEX, Expands Cross-Chain Access via BSC Integration

[PRESS RELEASE – Vancouver, Canada, June 13th, 2025]
Roam, the open wireless network powered by WiFi and eSIM technologies, today announced its official listing on Binance Alpha, alongside the launch of a liquidity pool on Meteora, the leading Solana-based DEX. This dual listing marks a significant step in Roam’s cross-chain expansion, boosting $ROAM token accessibility across both BNB Chain and Solana ecosystems.
Beginning June 13 at 13:00 UTC, eligible Binance users can participate in the ROAM Alpha campaign and claim rewards through Binance’s official event portal. Simultaneously, liquidity providers on Meteora can earn platform-specific incentives via Roam’s official LP pool.
Staking and Airdrop Rewards for General Users and Roam Miners
Roam is introducing a high-yield staking program offering an average 35% APY for general users. Meanwhile, Roam Miner users can access a dedicated staking pool with 500 $ROAM staking capacity per device, a guaranteed 100% APY, and monthly airdrops of 40 $ROAM per device for six consecutive months.
This reward structure is designed to align long-term community participation with Roam’s DePIN-based infrastructure and token economy.
Binance Alpha: Early Access to Curated Web3 Projects
Binance Alpha is Binance’s discovery platform for early-stage Web3 tokens, offering users curated access to high-potential projects. ROAM was selected based on its ecosystem growth, on-chain traction, and technical innovation.
With Alpha’s streamlined “Quick Buy” feature, users can purchase ROAM without adjusting slippage or navigating gas-intensive environments. Enhanced trade routing and MEV protection ensure security and efficiency. Participants can also earn Alpha Points by trading or holding ROAM, unlocking airdrops, and other future benefits.
Meteora Listing Enhances $ROAM Liquidity on Solana
Roam’s debut on Meteora—the dynamic liquidity protocol developed by the team behind Jupiter—brings sustainable market depth to $ROAM within the Solana DeFi ecosystem. Meteora’s DLMM architecture, AMM vaults, and liquidity aggregation reduce volatility and deliver optimized capital efficiency for LPs.
The integration strengthens Roam’s Solana presence while supporting long-term DeFi adoption and trading scalability.
BSC Integration Enables Cross-Chain Token Access via Roam App
To improve user accessibility and trading flexibility, Roam has enabled native cross-chain support via Wormhole’s NTT framework, allowing users to bridge ROAM between Solana and BNB Chain directly within the Roam App. The process is intuitive, requiring no third-party tools or external wallets.
This BSC integration introduces $ROAM to new users across Binance’s CEX and DeFi ecosystems while offering reduced transaction costs. Users can deposit directly from Binance accounts and access $ROAM on platforms such as PancakeSwap. The feature complements Binance Alpha’s zero-fee trading promotion (March 17–September 17, 2025), further reducing onboarding friction.
Building Real-World Adoption Through Decentralized Connectivity
Roam is expanding its presence as a decentralized infrastructure provider focused on enabling real-world connectivity. Backed by OpenRoaming and eSIM technologies, Roam has deployed over 10 million WiFi nodes, serving more than 2.8 million global users.
With the Roam App, users can connect to nearby Roam WiFi hotspots and earn Roam Points by contributing to the network—through adding WiFi nodes, completing WiFi Check-Ins, and participating in community-driven campaigns. These points can be converted into $ROAM tokens, creating a tangible bridge between user contributions and token utility.
Roam’s token model supports real yield through network growth, and its expanding ecosystem includes targeted advertising, Web3 travel integrations, and enterprise-grade eSIM services trusted by partners like Bybit and MEXC. The soon-to-launch Premium eSIM will integrate voice, SMS, and high-speed data, with users able to purchase service directly using $ROAM—strengthening utility across both consumer and enterprise use cases.
About Roam
Roam is focused on building a decentralized global open wireless network that provides seamless, secure connectivity for individuals and smart devices, whether stationary or mobile. Through a blockchain-based credential infrastructure, Roam has supported the adoption of WiFi OpenRoaming among small and medium-sized businesses.
As highlighted in Messari’s 2024 State of DePIN report, Roam is recognized as the fourth-largest DePIN project globally, with a network of over 2.1 million nodes spanning 200 countries and a user base of 2.4 million registered app users. The network also enables access to free eSIM data through participation in activities such as building and validating WiFi nodes, demonstrating Roam’s role in advancing adoption within the DePIN sector.
Users can contact Roam via:
Twitter: https://x.com/weRoamxyz
Telegram: https://t.me/WeRoamXYZ
For more information, users can visit the Roam App or follow official exchange announcements.
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Cryptocurrency
Sharplink Becomes Largest Public ETH Holder With $462M Purchase but Shares Tumble

Sharplink Gaming has taken a major step into the crypto space by establishing an Ethereum Treasury Reserve and acquiring over $462 million worth of ETH. This move makes the company the largest public holder of ETH, second only to the Ethereum Foundation.
According to a press release, Sharplink purchased 176,270.69 ETH at an average price of $2,626, totaling approximately $462.9 million. The acquisition reflects a major shift in the firm’s strategy, placing Ethereum at the center of its digital asset reserves.
Sharplink’s ETH Funding Strategy
To fund the purchase, Sharplink raised $425 million through a private placement deal and another $79 million via an at-the-market (ATM) equity offering. The company used most of these proceeds to acquire ETH, highlighting its strong commitment to building a substantial crypto reserve.
As a result, Sharplink reported an 11.9% increase in ETH per share since June 2. It has also deployed over 95% of its ETH into staking and liquid staking protocols, contributing to Ethereum’s network security while generating passive yield.
Stock Dips Despite Ethereum Bet
Despite Sharplink’s bullish ETH announcement, its stock (SBET) experienced sharp volatility. According to Google Finance, the stock dropped 12.25% on Thursday to close at $32.50, then plunged to as low as $8 in after-hours trading.
However, by Friday, it had recovered slightly to $11.05, still down about 66% over 24 hours. Nonetheless, the stock remains up nearly 230% over the past month and 37% year-to-date.
Meanwhile, the steep drop came after Sharplink filed an S-3 registration with the U.S. Securities and Exchange Commission. The filing outlined a possible resale of 58.7 million shares issued during a previous private investment in public equity (PIPE) offering, involving more than 100 investors.
In turn, this triggered fears of dilution, prompting a wave of selling. In response, Sharplink Chairman Joseph Lubin clarified on X that the filing doesn’t reflect any current sales. He explained that it only registers shares in case past investors choose to sell later.
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