gm - December 17th, 2022

gm 👋

Crypto markets are softer over the weekend, driven in part by the supposed portfolio unwind of DCG. Filecoin dropped 20% in the past 24 hours, with the bulk of the move happening in one 15min candle, and other tokens in the DCG portfolio have similar drops. Bitcoin is off a touch to $16.7k and Ethereum is -2% to $1185. Worries about Binance continue as BNB is weaker again today, down -4% to $238, but had been below $225 earlier — CZ sent out a tweet claiming his portfolio is 99% BNB and 1% BTC.

NFT volumes are quite strong at $24M, driven by BAYC’s $4.5M turnover and Trump’s NFT collection posting $2.3M. ETH-NFTs are $19M in total, while Polygon is $2.9M thanks to Trump. Solana-NFTs are $1.2M, as DeGods, y00ts, etc. have faded from the top 10 slots. MAYC follows BAYC and has $1.7M in volume with 100 trades.

Snapshot of Blue-Chip NFTs

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NFT headlines:

Donald Trump NFT Collection Sells Out, Price Surges

Trump Sells a New Image as the Hero of $99 Trading Cards

‘I can’t do this anymore’: Trump’s former adviser Steve Bannon slams Donald’s ‘major announcement’ about superhero NFTs and says ‘step your game up’

Manchester United Launches Tezos-Powered NFT