gm - August 29th, 2022

gm 👋

Bitcoin relaxes a bit and hangs on to $20k, while Ethereum is struggling to climb over $1500, now at $1491. Both had comparable volumes to yesterday, $26B and $14B respectively. Singapore’s MAS is considering adding extra friction for retail to get into crypto, looking to ‘protect’ investors, and make it difficult to buy — understandable after the 3AC embarrassment.

NFT volumes were low again at $14M, with $9M in EVM-based NFTs and $2.3M for Solana-based NFTs. DeGods takes the top spot with $1.3M, driving most of the Solana NFT volumes on the day. BAYC drops all the way to 5th place with $700k in turnover. Otherwise, Sorare prints $750k, while it continues to stay in the top 5 day after day since the beginning of this month.

Snapshot for Blue-Chips, slightly delayed

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NFT headlines:

Looks bare: OpenSea turns into NFT ghost-town after volume plunges 99% in 90 days

How much would you pay for this? NFT market in the dumps after exploding in popularity last year

From Silk Road to NFTs: Why Musician and Artist Tycho Sees Web3 as the ‘Endgame’

Eminem and Snoop Dogg deliver bizarre NFT performance at VMAs

NFT market fails to hit $1 billion in trades for the first time since June 2021


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