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gm - December 16th, 2022

gm 👋

Bitcoin is dangerously flirting with $17k now, a -2.7% move in the past 24 hours. Ethereum is -4.8% to $1213. Overall crypto lost -2.9% to drop to $862B in market cap. Crypto exchange Gemini was down for close to 8 hours, and looks to be back online — they say it was scheduled maintenance, but there was a longer delay than anticipated. Binance Proof-Of-Reserves auditor Mazars has declared they are pausing all work for crypto clients, which include KuCoin and Crypto.com. As a result, BNB dropped -5% to $250, along with dragging the rest of crypto with it.

Total NFT volumes are near $22M, as ETH-NFTs are $17.5M, Polygon-NFTs at $2.5M, and Solana-NFTs at $1.5M. Trump’s new NFT collection put Polygon on the map today, as it trades $1.3M in volumes — the floor price is 0.188 ETH, or about $220, a good pick up from the minting price of $99. BAYC and MAYC sit atop once again, with a combined $3.6M in volume. CloneX is seeing decent interest with $1.4M, as its floor price continues to drag lower in part from wash trading on Blur.

Snapshot of Blue-Chip NFTs

Check out our Dune dashboard for details → https://dune.com/lhagiimn/cyan-market-dashboard

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NFT headlines:

TIMEPieces Partners with Deepak Chopra for New NFT Collection

Trump fans who buy a $99 NFT of him as a superhero will be entered to win a ‘priceless’ meeting at Mar-a-Lago — but they’ll have to cover their own travel and lodging expenses

Former US President Donald Trump launches $99 NFT trading cards

Donald Trump’s NFT Collection Sells Out, Raising $4.45M

Aston Martin Launches First-Ever NFT Collection