gm - December 15th, 2022

gm 👋

Bitcoin is -2.6% to $17.4k and Ethereum is -2.5% to $1272, as the overall crypto market is softer -2% to $885B in market cap. In an incredible twist of our version of the multiverse, Trump has issued an NFT collection, selling each ‘digital card’ at $99. There are 45k cards in the collection, issued on Polygon and now trading at a floor price of 0.0665 ETH (worth $84 at current rates). New York regulators released crypto rules for banks amid the FTX fallout, and NYDFS announced that banks in the state must submit a business plan 90 days before engaging in crypto activities.

Trump’s new NFT Collection, Trump Digital Trading Card

NFT volumes are just shy of $21M, with ETH-NFTs at $19M and Solana-NFTs at $1M. Polygon posts $1M as well on the day. BAYC and MAYC collectively have $5.2M in turnover across 140 trades. Azuki slides into third with $1.4M in turnover. Decrypt has a piece out on Flow, mentioning its token is trading just below $1 now vs. its peak of $42, and volumes on its chain this year have been super low in comparison to other layers like ImmutableX and BNB. So far, there have been only $800k in volumes so far in December.

Snapshot of Blue-Chip NFTs

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NFT headlines:

Donald Trump Now Has an NFT Collection — And Crypto Twitter ‘Can’t Even’

Donald Trump’s ‘Major Announcement’ Turns Out to Be an NFT Collection

NFT Marketplace Magic Eden Rolls Out Rewards Program

After advising Starbucks’ NFT project, Seattle tech vets Adam Brotman and Andy Sack raise $10M for Web3 startup

TV Isn’t Dead. It’s Being Resurrected in Web3

Warner Music Group Furthers Metaverse Push With Digital Fashion Startup DressX

Flow Hits New Low After NFT Trading Craters, Dapper Downsizes

Family-friendly NFTs bring the next generation of youth into Web3

Why a Payload of NFTs Was Just Sent to the International Space Station