gm - December 12th, 2022

gm 👋

Crypto markets are a bit softer to start the week. Bitcoin is off -1% to $17k, while Ethereum is -2% to $1250. Binance is now the target of US prosecutors, as Reuters reports prosecutors are considering criminal charges against the crypto exchange and individual executives, including CZ. Just a heads up, the Tron-based stablecoin USDD is now at 979 cents and touched 97 cents earlier in the day — the lowest it’s ever de-pegged to.

NFT volumes are at $16M, with ETH-NFTs at $13.5M and Solana-NFTs at $1.5M. MAYC and BAYC have $4M collectively, across 140 trades. Valhalla has a $2M turnover with 1560 trades. Sandbox makes a surprising appearance of $1.3M as the hype around their new land offerings circulates on Twitter.

Snapshot of Blue-Chip NFTs

Check out our Dune dashboard for details →


NFT headlines:

NFT project blocks Chinese Twitter comments citing the need for ‘North American expansion’

Bored Ape Yacht Club Conquered NFTs. Can It Master the Metaverse Too?

NFT market held back by oversupply, greed and bad projects: Gary Vee

The Knights Who Say Nah are Turning Historical Artifacts Into NFTs