Crypto Carnage: Sonic Labs Soars, Nike's NFT Dreams Falter, & XRP on the Brink

Today’s episode of Rare Bits dives deep into the pulse of the crypto world. XRP’s recent rally is creating a buzz, but watch out for potential corrections. Sonic Labs is making waves with its new EVM-compatible blockchain, signaling a new era for transactions. Meanwhile, Nike’s NFT startup RTFKT is shutting down, despite its previous success. Coinbase’s Apple Pay integration promises to streamline crypto purchases, adding a new layer of convenience for users. Finally, Elon Musk’s plans to shut down the Department of Government Efficiency and major institutional Bitcoin buys paint a dynamic picture of the current market landscape.