gm - August 18th, 2022
gm 👋
Crypto markets are eerily quiet, with the majors barely moving. Bitcoin is flat, sitting at $23,490 on $22B volume, while Ethereum is up +1% on $1858 on $15B. Regulatooors continue to dominate the news, this time with South Korea’s money laundering watchdog flags 16 crypto companies for operating without registration, among them KuCoin, Poloniex, and XT.com.
NFT volumes were at $20M on the day, with EVM-based NFTs at $16M and Solana-based NFTs stuck at $1M. BAYC turnover was $2.6M as #5383 sold for $1.4M, and CryptoPunks was in 2nd place with $1.2M. Sorare at $1M, same turnover as MAYC. Moonbirds + Oddities are seeing good attention, with a combined volume of $1.4M, though floor prices are not budging upward.
Check out our Dune dashboard for details → https://dune.com/lhagiimn/cyan-market-dashboard
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NFT headlines on the day:
Fractional Rebrands, Raises $20M to Expand Collective NFT Ownership
Anthony Hopkins’ First NFT Collection Reaches for Eternity
Blue chip NFT performance fails recovery, but investors HODL even harder
BAYC NFT sells for 777 Eth, worth US$1.4 million, amid crypto downturn
New NFT Utility Platform Launches to Compete for 60M Twitch, YouTube Creators
Why Fox Is Investing Millions in NFTs and Blockchain Technology
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