Shaq Settles $11M NFT Suit, BTC Eyes $100K by June
Shaquille O’Neal settles $11M NFT lawsuit, while Bitcoin eyes a $100K rally by June. Here’s your weekly crypto recap.
- Shaq settles $11M lawsuit with Astral NFT buyers
- Bitcoin could hit $100K by June, analysts say
- Crypto market sentiment remains broadly bullish
Shaq to Pay $11M in Astral NFT Lawsuit Settlement
Shaquille O’Neal has reached a court-approved $11 million settlement in a class-action lawsuit involving the Astral NFT project, marking another high-profile celebrity case in the web3 space. The lawsuit alleged that O’Neal misled buyers with promotional endorsements that overstated the value and utility of the NFTs.
While the NBA legend did not admit wrongdoing, the settlement allows him to move past the case without further litigation. Buyers of Astral NFTs—many of whom claim they were unaware of the risks—will be eligible for a portion of the payout, pending final court approvals.
This case serves as a cautionary tale for celebrities in crypto, where promotional roles can lead to serious legal consequences.
Bitcoin Eyes $100K by June, Says Analyst Consensus
Amid the legal drama, Bitcoin continues its climb, with several analysts forecasting a $100,000 price target by June. The bullish outlook is supported by a combination of factors, including:
- Whale accumulation (as reported by CryptoQuant)
- Post-halving supply shock
- Renewed institutional interest following the launch of BTC ETFs
The current momentum echoes the 2021 bull run, but this time, analysts say the fundamentals—on-chain activity, regulatory clarity, and macro support—are far stronger. If market sentiment holds, Bitcoin might enter a parabolic phase earlier than expected.
Market Roundup: Bullish Across the Board
Beyond BTC, altcoins like Solana, Chainlink, and Toncoin are seeing strong breakouts. NFT markets are showing signs of life as legal clarity improves, and DeFi platforms continue to recover locked value.
Despite recent volatility, crypto sentiment remains broadly bullish, with both retail and institutional investors leaning in. As adoption grows and barriers fall, the industry seems poised for another wave of mainstream momentum.
