Today in crypto, the NFT market cap dropped by 12% to $8.1 billion as Ether's price declined. This downturn coincided with a significant reduction in the total valuation of NFT collections, which fell to $8.1 billion from previous highs. The price of Ether decreased by 9%, contributing to the lower NFT values. Additionally, Thailand's government is set to introduce a regulatory sandbox called TouristDigiPay to allow tourists to use cryptocurrency for payments. This initiative aims to revive tourism amidst declining visitor numbers. Lastly, the Qubic community voted to target Dogecoin following a 51% attack on Monero, with significant community support for DOGE as their next focus for testing vulnerabilities in proof-of-work blockchains.

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