gm - December 14th, 2022

gm 👋

Crypto markets continue to grind higher, with Bitcoin adding +1.4% to trade $17.8k and Ethereum +0.5% to $1326. Crypto Twitter celebrated the denial of SBF’s bail by the Bahama courts — estimates by Legal Eagle put SBF’s time in Jail at ~20yrs. According to Bloomberg, Apple may have to start allowing external app downloads from outside the Appstore soon due to EU regulatory pressures. This would open up the potential for NFT and crypto apps to flourish on iOS devices. Withdrawals from Binance continue, with about $6B net outflows in the past 24hrs, as reported by DefiLlama.

Blockbuster day for NFTs, as volumes pump to $30M+. ETH-NFTs saw $28M, Solana-NFTs are $1.5M and Polygon jumps to $1.3M. BAYC saw a huge spike in volume, with 88 trades going through for $8M in turnover. MAYC had 156 trades for $3M in turnover. Apecoin staking started accumulating on Monday and interest has picked up — $APE is at $4.10, hardly changed from last week since pre-deposits started. Valhalla is also enjoying its trending on CT as it saw $2.5M in turnover, while Azuki sees $2M.

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NFT headlines:

Celebrities that promoted Bored Ape NFTs are now facing a class action lawsuit

Gamers are more interested in earning Bitcoin than NFTs: Survey

Apple to allow third-party app stores in windfall for NFTs and crypto

Apple Plans to Allow External iOS Apps in Potential Boon for Crypto, NFTs

The Biggest Lawsuits Dominating the NFT Space Today