gm - August 31st, 2023

gm 👋 Ethereum NFT volumes pick up to $8.5M on the day, with Polygon and Solana both at $1M each. BAYC leads the way with $2M in turnover across a healthy 45 trades. DMarket has $760k, and MAYC follows right behind with $700k. The top four of five NFTs sold on the day were CryptoPunks, prices between $81k and $118k. A rare BRC-20 NFT makes it onto the boards with a sale at $64k.

All eyes are on the September 2nd deadline for Bitcoin ETF filings from BlackRock, Fidelity, and other institutions. With a couple of wins from crypto companies these past 48 hours in rulings against the SEC, analysts are calling for a 75% chance of approval of ETFs. However, given Gary Gensler's track record, it is likely the decisions would be delayed to early 2024. BTC & ETH spot prices are static at $27.1k and $1700 respectively, though major NFTs are up bigly with BAYC +8% and MAYC +9% in the past 24 hours.

Headlines read favorably for crypto companies against the SEC