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.
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.
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