gm - August 23rd, 2022

gm đź‘‹

Crypto markets appear to be quiet on a macro level, with Bitcoin unchanged on the day sitting at $21.4k with under $30B turnover. Ethereum bounces back +3% to recover yesterday’s losses to trade $1640 on $17M of volumes. Attention circulates around SEC’s Gary Gensler’s recent stance on crypto via Twitter, with even Mark Cuban chiming in and throwing shots — basically Gary hasn’t made it clear on regulating crypto, thus causing a stir among CT. He really doesn’t have a solid motivation to make things binary, so it is to be expected.

NFT volumes are basically the same on the day, with $18M trading hands in total with EVM-based NFTs grabbing $16M of it and Solana-based NFTs at $1.1M. BAYC holds the top spot with a $1.6M turnover as floor price recovers some and the best bid at 63 ETH. Pudgy Penguins continues to post strong numbers, also with a $1.6M turnover. Isekai Meta had its reveal last night and saw flippers bring the total turnover to $1.2M on the day. Sorare is quiet with $850k traded.

Snapshot of Blue-Chip NFTs

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NFT Headlines:

NFT Project SudoRare Disappears With Roughly 520 Ethereum in User Funds

Nike leads other brands in revenues from NFTs

BendDAO fixing NFT liquidations could lead to Bored Apes selling at a discount

How Web3 Can Change Hollywood: Decentralized Pictures CEO

Weekly Ethereum Staking Deposits Hit Record Low Just Weeks Before Merge

GameStop’s NFT Experiment Is Not Going Well

Telegram Founder Teases Marketplace for Address Auctions

Sudo swap volumes thanks to 0xRob


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