gm - August 30th, 2023

gm 👋 Volumes tick up as bulls return on the back of BTC & ETH spots moving north. Ethereum NFTs saw $7M on the day, with ImmutableX and Polygon both at $1M each. BAYC is the top collection with $1.2M, followed by Gods Unchained with $1M and DMarket at $775k. All top five sales today were CryptoPunks, trading between $80k and $115k - Beeple hosts an event exclusive to punk holders. In the past week, BAYC is up 13.5%, MAYC +16%, DeGods +24%, and Azuki +24%.

Grayscale has won its appeal against the SEC, paving the way for a likely chance of an ETF approval - decisions for BlackRock, Fidelity, and a few others are expected to come this week. BTC & ETH popped on the back of this news, jumping +6% in the past 24 hours. DCG and Genesis have finally reached a bankruptcy deal, putting behind a year+ of uncertainty around assets. Twitter (X) has received a license for crypto payments, albeit in one state - lots of speculation an app-wide wallet is coming soon.

NFT volumes still remain low throughout the summer