gm - December 10th, 2022

gm 👋

Crypto markets are quiet over the weekend, with Bitcoin flat at $17.1k and Ethereum off a touch to $1265. Proving how incestuous the crypto industry is, it has come to light The Block was secretly funded by Alameda — CEO Michael McCaffrey has resigned as a result of $43M in loans uncovered. Another class-action lawsuit is in play, naming Justin Bieber, Paris Hilton, Jimmy Fallon, and others as co-conspirators in misleadingly promoting Yuga Labs’ BAYC.

NFT volumes are above $20M, with ETH-NFTs at $19M and Solana-NFTs is $1.5M. MAYC and BAYC each print $2.7M on the day, with 150+ trades going through. ApeCoin staking accruing starts on Monday as the pre-deposit period ends this week. Azuki has a $2.2M turnover across 135 trades and CloneX is strong with $1.8M — Blue-Chip NFTs had good interest in the past 24 hours.

Snapshot of Blue-Chip NFTs

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NFT headlines:

Celebrity Promoters Sued Over Bored Ape NFT Endorsements

Bieber, Madonna Among Dozens of Celebs Named in Lawsuit Alleging Yuga Labs NFT ‘Scheme’

Starbucks Sees ‘Unprecedented Interest’ as Polygon NFT Rewards Platform Launches

Shocker: NFT companies backing off on paying royalties

At 2022’s close, all quiet on the crypto fashion front

8 Dynamic NFT Card Games You Can Play Today

Ethereum founder set to appear at ‘NFT Taipei’