Amin Ayan is a crypto journalist with over four years of experience in the industry. He has contributed to leading publications such as Cryptonews, Investing.com, 99Bitcoins, and 24/7 Wall St. He has…
A 69-million-year-old triceratops fossil has become the newest trophy among crypto’s wealthy investors amid a shift from digital collectibles.
Key Takeaways:
Wintermute co-founder Yoann Turpin and a small group of crypto investors have quietly purchased a fully intact dinosaur fossil, according to a recent Bloomberg report.
The fossil, one of only 24 known specimens, now sits inside Le Freeport in Singapore, a fortress-like storage facility owned by crypto billionaire Jihan Wu and often described as “Asia’s Fort Knox.”
When Bloomberg’s Suvashree Ghosh visited the vault with Turpin and co-owners including collectibles entrepreneur Chaw Wei Yang, the dinosaur wasn’t the only surprise.
The halls were lined with tokenized gold bars, fine art, rare wine, and hard drives holding hundreds of millions in digital assets, a real-world archive of crypto wealth that has spilled far beyond the blockchain, per the report.
Turpin told the media that the splurge was partly passion, partly prestige, echoing a trend that has swept through the upper tiers of the industry.
Just last year, Citadel’s Ken Griffin paid $44.6 million for a near-complete stegosaurus, the highest price ever for a fossil at auction.
For crypto’s nouveau riche, the shift from NFTs to fossils marks a broader turn toward ultra-scarce, tangible collectibles, assets that can’t suddenly vanish in a protocol upgrade.
However, while some crypto figures are digging up dinosaurs, others are building new digital-asset infrastructure.
BAYC falls below 5 ETH for the first time since August 2021
NFTs had been down bad and its poster child, BAYC, is no exception
But there’s a catalyst beyond the broader NFT market that’s leading to BAYC being down below 5ETH…
What is it?
ApeCoin staking rewards ends today… pic.twitter.com/rfwZG1DHr1
Malaysia’s crown prince, Tunku Ismail Ibrahim, recently launched RMJDT, a ringgit-backed stablecoin under his firm Bullish Aim.
AirAsia parent Capital A and Standard Chartered Bank Malaysia are also exploring a ringgit-pegged token as part of the country’s digital asset pilot programs, signaling growing interest in regulated stablecoin projects.
As reported, Meta is reducing investment in its metaverse division and shifting its focus to AI-powered glasses and wearable devices, reflecting one of its biggest strategic resets in years.
The move follows rising investor skepticism over the commercial viability of virtual worlds and large-scale VR platforms.
The company has spent more than a decade and billions of dollars building out its metaverse vision, including rebranding to Meta in 2021.
However, user growth on Horizon Worlds has stagnated, and headset sales have repeatedly fallen short of expectations.
Bloomberg reported that metaverse spending may be cut by as much as 30%, a signal to markets that the company is rebalancing priorities.
Meanwhile, NFT sales have slumped to their lowest levels of the year, with monthly volume dropping to $320 million in November, roughly half of October’s total.
Early December data shows only $62 million in sales during the first week, signaling that the slowdown is likely to continue as demand for digital collectibles weakens.
The downturn reflects a steep drop in NFT valuations across the board. CoinGecko data shows the sector’s market capitalization has fallen to $3.1 billion, a 66% decline from January’s $9.2 billion peak.
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