Binance announced the cessation of NFT support on its Binance Exchange platform. The service will be transferred to Binance Wallet. The exchange will offer two NFT withdrawal fee reimbursement promotions for one month, with up to 100,000 selected users receiving 1 USDC each to their spot accounts by July 3. This decision comes amid a prolonged decline in the broader NFT market: CryptoPunks, the largest collection by market capitalization, is trading at 30.9 ETH, down 61% from its all-time high of 80.9 ETH recorded in July 2022. The Bored Ape Yacht Club floor price stands at 7.9 ETH, down 93% from its peak of 128 ETH seen in May 2022.
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