
J.T. Miller's golf miss creates ripples in sports NFT and fan token space
J.T. Miller (via Getty Images)
NHL star J.T. Miller, who has made his mark on the ice with the Vancouver Canucks, found himself in a different sort of battle this week—battling his way into the US Open golf championship. But the forward's bid for a place failed at the qualifying stages, Fox News reported. His bid for golf, if cut short, had a ripple effect elsewhere. The news strangely provided a boost to sports NFTs and fan token crypto markets.
Crypto markets respond quietly as J.T. Miller fails US Open golf cut
J.T. Miller's failure at US Open golf qualifying would not normally find itself on the radars of money players. But in the current blockchain-based fan economy—where superstars' activities beget blockchain-based fan ecosystems—such activities can precipitate instant, transient market activity.
On May 15, 2025, J.T. Miller's miss made the headlines. Within the hour, sportsbook and entertainment cryptocurrency like FUNToken (FUN) had its trading volume increase by 7% to $1.2 million on Binance, as per CoinGecko. Such micro-reactions are now the new normal in niche altcoins, particularly those that track real-time sports storylines.
Other athlete-based token Chiliz (CHZ) saw a negligible 5% volume bump to $8.5 million, showing slight sentiment changes by retail investors on athlete-based narratives. Broader crypto ETF flows and technicals otherwise failed to deviate from form. Bitcoin's Relative Strength Index (RSI) of 48 was neutral momentum, while FUNToken's momentarily spiked to 62, which is overbought.
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
Bravus Fire | São Paulo | Enfrente seu obstáculo!
Bravus Fire
Inscreva-se
Undo
No spillover effect to legacy equities or institutional crypto flows
Legacy markets remained resilient even as there was a temporary reaction in crypto altcoins. Traditional stocks such as DraftKings Inc. (DKNG) and Penn National Gaming (PENN) remained immune to price changes. DraftKings traded at $42.50, and Penn traded at $15.80—both insensitive to sports news, according to Nasdaq and Bloomberg information.
Institutional investors, however, watched macroeconomic data, with crypto ETFs such as ProShares Bitcoin Strategy ETF (BITO) holding steady at $24.10. Inflows for Bitcoin ETF were in line with weekly averages of $150 million, said CoinShares, citing that large capital allocators are not responding to such micro-events.
Also read:
Auston Matthews' words for J.T. Miller spark frustration among fans amid New York Rangers' loss and trade
As much as J.T. Miller's US Open golf qualifying performance may at first glance appear insignificant, it is a reflection of how digital economies are developing. Tokenized fandom and real-time engagement mean that even ancillary sporting tidbits can be enough to change the sentiment for a moment in certain reaches of the crypto universe. For day traders and NFT players, they are temporary but deliberately chosen moments of profit—evidence that in the correct digital economy, every shot is important.
Get
IPL 2025
match
schedules
,
squads
,
points table
, and live scores for
CSK
,
MI
,
RCB
,
KKR
,
SRH
,
LSG
,
DC
,
GT
,
PBKS
, and
RR
. Check the latest
IPL Orange Cap
and
Purple Cap
standings.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Time of India
27 minutes ago
- Time of India
Andhra Pradesh attracted Rs 9.2 lakh crore investments in 11 months, says industries minister Bharat
1 2 3 Visakhapatnam: Industries minister TG Bharat on Tuesday said the NDA govt in the state had drawn investments worth 9.2 lakh crore within 11 months — an achievement the previous YSRCP regime failed to match in five years. The investments are expected to generate over 8.5 lakh employment opportunities. Addressing the Federation of Andhra Pradesh Chambers of Commerce and Industry (FAPCCI) Excellence Awards 2025 as chief guest, Bharat emphasised the govt's industry-first approach. "Our focus is on restoring investor confidence and addressing the long-standing concerns of the industrial sector," he noted. Highlighting reforms, Bharat said Andhra Pradesh now has among the most competitive industrial policies in the country. He urged entrepreneurs to leverage state-provided incentives and cited the "Speed of Doing Business" initiative for expediting approvals. He also called on businesses to participate in the P4 (People-Public-Private Partnership) model for inclusive growth. Visakhapatnam MP M Sribharat urged industry leaders to identify challenges and offer transformative ideas. "Your innovation could be the game changer Andhra Pradesh needs," he said. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 나이들어 노안+백내장 절대 방치 하지 마세요! 부산백내장노안 전문안과 더 알아보기 Undo FAPCCI president Kankatala Mallikharjuna Rao commended the state's MSME policy, highlighting its generous incentives for tourism projects. These include a five-year 100% SGST exemption from the start of commercial production, full reimbursement of land conversion fees, and industrial tariffs for power bills. He assured that all reimbursements would be processed within six months. Awards were presented in 11 categories. Nekkanti Sea Foods Ltd, Visakhapatnam, was honoured for Excellence in Agri & Aqua Based Industries. Other winners are Ananda Enterprises (Export Performance – MSEs), Efftronics Systems (Product Innovation), and Ms. Annandi Suneetha (Outstanding Women Entrepreneur). Recognitions were also given to Steelon Call (Start-up), Divi's Laboratories (CSR), ITC – Agri Division (Employee Welfare), CCL Products (All Round Performance), Dalmia Cement (Green Energy), Aravind Industries (Rural Entrepreneurship), and Sarda Metals (Export – Large & Medium Enterprises).


Time of India
27 minutes ago
- Time of India
City shift: Housing ministry lays roadmap for Smart Cities SPVs beyond mission deadline; new advisory proposes five-pronged role in urban development
The ministry of Housing and Urban Affairs on Tuesday issued a detailed advisory to repurpose the Special Purpose Vehicles (SPVs) created under the Smart Cities Mission , aiming to leverage their institutional capacity for long-term urban transformation even after the scheme's closure on March 31. The advisory encourages states and Union Territories to identify pressing urban development priorities and assign new strategic roles to the SPVs, which were originally formed to plan and execute city-level infrastructure projects under the 2015 Smart Cities Mission. According to the ministry, the SPVs will now be guided to operate in five broad domains: technology support, project implementation, consulting, research and assessment, and investment facilitation. These areas reflect an effort to integrate SPVs more closely with ongoing state and city development agendas. The government noted that over the past decade, Smart Cities SPVs have demonstrated their ability to deliver complex, cross-sectoral projects with efficiency and innovation. The ministry also highlighted the investments made in establishing Integrated Command and Control Centres (ICCCs), which have played a key role in urban governance and data-driven decision-making. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Dermatologist: Just Add 1 Drop Of This Household Item To Any Dark Spot And Wait 3 Minutes Dark Spot Corrector With the Smart Cities Mission officially concluded, the Centre's move to repurpose SPVs is aimed at sustaining the momentum of urban innovation and reinforcing the technical and managerial capacity of Urban Local Bodies. The advisory is intended as a strategic framework for states to ensure that these purpose-built institutions continue to address evolving urban challenges in areas such as infrastructure, technology, and service delivery. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now


Time of India
40 minutes ago
- Time of India
Anvi Rathore to face Utsava Palit in women's singles final of RD Baheti Charitable Trust Jaipur District Open Badminton Championship
Jaipur: Anvi Rathore will clash with Utsava Palit in the women's singles final of the RD Baheti Charitable Trust Jaipur District Open Badminton Championship at the Sawai Mansingh Indoor Stadium Hall. In the semi-finals played here on Tuesday, Anvi Rathore thrashed Advita Sharma 21-2, 21-6, while Utsava Palit got the better of Padmaja Singh 21-13, 23-21. On the second day of the week-long tournament, the quarter-finals of Under-15, Under-17 and men's singles were played. In the U-15 boys singles, Harsh Kandpal downed Aarav 21-8, 21-11, Tejeshwar Poonia lost to Sunny Jangid 21-14, 21-14, Shreyansh Chaudhary beat Rakshit Singh Mehra 21-15, 21-8, while Tapeshwar Poonia defeated Nikhil Nath Yogi 21-17, 21 -17 to book last-four berths. Riddhi Batra rallied back to stun top seed Aradhya Dhingra of Parvat in three games 16-21, 21-15, 21-7 in the U-15 girls singles quarters. In other last-eight encounters, Apeksha Chaudhary trounced Mansi Saini 21-8, 21-15, Padmaja Singh prevailed over Khushi Sharma 21-17, 21-19, while Riddhi Setia shocked second seed Rupal Pareek 21-14, 21-13 to enter the semis. In the U-17 girls singles, well-known Rajasthan player Anvi Rathore outclassed Mansi Saini in straight games 21-5, 21-5, while Apeksha Chaudhary got the better of Divyanshi Fageria 21-6, 21-13. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Simple. Clean. Solitaire Play Solitaire Download Undo Poorvi Sihag overcame Aradhya Dhingra in a hard-fought three-game outing. In the last quarter-final, Garima Yadav outlasted Adwit Sharma to march ahead. Jaipur District Badminton Association secretary Manoj Dasot and organizing secretary Atul Gupta informed that semi-final and finals of U-15, U-17 age groups and seniors will be played on Wednesday.