gm - December 19th, 2022
gm 👋
Major headlines today across crypto are Binance’s purchase of Voyager’s assets for $1B, and Grayscale’s exploration of returning investor capital if the SEC refuses a spot Bitcoin ETF. Crypto markets are slightly softer, with Bitcoin at $16.6k and Ethereum hanging at $1175. Binance’s purchase of Voyager’s assets comes as no surprise, as the bid has been discussed for over a month now — although the VGX token jumped +25% to 36 cents.
NFT volumes are normalizing, with the total standing around $18M. ETH-NFTs are $15M, while Polygon and Solana-NFTs are $1.5M each. BAYC + MAYC are $3.5M volume on the day across 111 trades. Trump’s collection posts $1M, though it's been made clear that Trump bought 1000 NFTs from the collection beforehand, all of which are fairly rare or ‘valuable’. Otherdeeds has a $1M turnover day with 360+ trades.
Check out our Dune dashboard for details → https://dune.com/lhagiimn/cyan-market-dashboard
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NFT headlines:
2022 Was Supposed to Be the Year of the Metaverse. What Went Wrong?
Activision’s Departing COO to Lead Startup Behind Bored Ape NFTs
Revel raises $7.8M to become the Instagram and Robinhood of NFT platforms
