gm - December 2nd, 2022
gm 👋
Crypto markets are mildly higher, despite DXY taking a beating as it trades around 104.5, down from 107 on Thursday. USDJPY has gone from nearing 150 back in November to down to 134 as of now. November Jobs report is out today, with the market expecting favorable numbers to confirm a slower pace of rate hikes. Bitcoin is flat at $17k, along with Ethereum which is also flat at $1290. DeFi protocol Ankr is the latest protocol to get exploited — $5M worth of aBNBc was minted and converted to BNB to eventually be traded away on Tornado cash for stablecoins.
Big news on Coinbase Wallet today as it had to disable NFT transfers in-app as Apple has asked for 30% of the transfer gas fees as part of the service agreement. Apps on the Apple App Store collect 30% of any payment related activity, and Apple’s argument is Coinbase is expected to pay this. However, Coinbase argues there is no way to pay as the gas fees are processed in crypto, and it is obviously not a revenue they collect.
NFT volumes are higher to over $20M today as three new projects on Ethereum bring the total higher. Light Years Mint Pass, an art project, had the highest volume with $4M on its debut. Egg, another new project, had $1.6M, while Invisible Friends 3D made its debut with $1.2M — not to be confused with the OG Invisible Friends (2D art). CloneX also had a solid day of $1M across 95 trades. ETH-NFTs in total had $17.5M in turnover, while Solana-NFTs softened to $1.7M.
Check out our Dune dashboard for details → https://dune.com/lhagiimn/cyan-market-dashboard
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NFT headlines:
Solana Soars, Flow Falls as NFT Market Declines Further in November
Apple Forces Coinbase to Disable NFT Transfers on Its Wallet App
Coinbase says Apple forced it to remove NFT transfers from its iOS wallet
Bored Ape NFT Artist Seneca Continues on Her Own Path With ‘Portraiture’
Nike x RTFKT Just Unveiled Their Cryptokicks Smart Footwear Line
Magic Eden follows OpenSea with NFT royalty enforcement tool
Crown Ribbon is Shaking Up the $300B Horse Racing Industry With NFTs
Gary Vee on Surviving the Crypto Winter and the State of Web3
Michael Kors, Coach and more head to the metaverse with NFT launches
