gm - December 25th, 2022

gm 👋

Merry Christmas! Crypto markets were quiet for the holidays, with much lower turnover across the board. Bitcoin is stuck at $16.8k on $10B of volume, and Ethereum is at $1218 on $2B of volume. The FBI is now looking for Sam Trabucco, the co-CEO of Alameda Research, after Caroline Ellison and Gary Wang sing like canary birds for the feds — so much for retirement.

NFT volumes hover around $13M on the day, with ETH-NFTs at $10M and Solana-NFTs at $2M. Cirrus is on Twitter noting how the notorious NFT trader ‘Franklin’ has been playing with Blur bots/pools during the quiet period to take advantage and pump bids to dump Apes into them across ~20 trades. With that said, BAYC, MAYC, and Otherdeed are the top 3 collections by volume, with a combined $3M in turnover. Other projects saw lower interest on Xmas day.

Snapshot of Blue-Chip NFTs

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NFT headlines:

See You on the Otherside: How Yuga Labs Is Bringing Its Billion-Dollar Business Into the Metaverse

What is an NFT whitelist, and how can you join one?

Trump Says His NFTs Are Not About Money: ‘I Loved The Art, Always Wanted To Have 30-Inch Waist’

The Pokémon Company takes Aussie crypto company to court over Pokémon NFT game

Cardano Founder’s Photo with Snoop Dogg Boosts Cardano NFT Sales by 33%