P2E game Axie Infinity is back on the menu, as we're seeing a 205% rise in NTF sales volume just since the last week. Axie has generated more than $1.3 million from selling NFTs over the last seven days

One of the factors that contributed to the sudden increase seems to be investors' sudden love for the Axie Land NFTs, which give weekly rewards in Axie's AXS tokens. As of now, more than 90% of the tokens were staked. Jeff Zirlin, the project's co-founder said that "nature was healing", hinting at the project's restoration.

Omni, an NFT platform was hacked for about 1,300 ETH. The hacker utilized a reentrancy vulnerability, a known exploit in smart contracts using Solidity in the Omni Protocol,

For an attack, the hacker used NFTs from a collection called Doodles, he deposited NFTs and took wrapped Ethereum as collateral, then utilized a malicious callback function to frontrun buying more Doodle NFTs before liquidating his loan position.

Once the position was closed, the collateral was returned back to the attacker, so he had a remaining amount of borrowed money to buy even more NFTs, then the hacker used the newly acquired NFTs to borrow, even more, WETH, and could withdraw the loan before Omni's smart contract recognized the loan.

The hack drained more than 1,300 ETH from the protocol, however, Omni said that none of the customer funds were affected, as the platform uses its fund in a test mode since it's still considered a beta.

The FSB (Financial Stability Board, a body of regulators from the Group of 20 economies - G20) said on Monday that it would propose global rules for cryptocurrencies somewhere near October.FSB says that the recent downfall of the crypto market showcased crypto's volatility and links to the wider financial system. The FSB has no power to impose any new laws, however, but its members could apply the regulations in their own jurisdictions.

Plenty of 'experts' are saying that the crypto industry should welcome the regulation with open arms, as centralization would, apparently, further stabilize the market and protect the investors' funds, but can it actually aid the market, or will it further hamper the adoption of crypto across the world - we're soon to find out.

"Analytics platform CryptoQuant believes that the indicators say yes.
The feared ""crypto miner capitulation event"" which was supposed to signal the bottom, has supposedly already happened if you choose to believe the analysts.

CryptoQuant 
“The event” refers to a time when mining becomes unsustainable or when the profitability is significantly limited, which would force miners to effectively give up trying and sell the coins they've earned via mining.

But just a handful of miners selling some of their earnings is nothing inherently bad – they still have to pay for expenses and constantly upgrade their hardware, and unlike your favorite bootleg monkey NFT collection, the floor of a trillion-dollar market is hardly going to be affected by this.

However, if the profitability for the miners is limited, this can become a destructive vicious cycle of major selloffs and panic, and if you decide to look at the historical events of capitulation, you might get worried.
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