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gm - December 7th, 2022

gm 👋

Crypto is softer again today as equity markets don’t hold up from the fake euphoria earlier this week. Bitcoin is down -1% to $16.8k while Ethereum is -2.5% to $1230. SBF of FTX has hired Mark Cohen as his lawyer, the same lawyer who represented Ghislaine Maxwell in her sex-trafficking trial. Fir Tree is suing Grayscale to get the details behind GBTC as it trades at a 43% discount to BTC spot. Ledger releases their next-gen hardware wallet called “Ledger Stax”, which is designed by one of the designers of the iPod.

NFT volumes are healthy today with $20M in total turnover. ETH-NFTs are $17M, Solana-NFTs are $2M. Azuki is the most popular with $2M trading as its new PBT (Physical Backed Tokens) is the latest buzz on NFT Twitter. MAYC is pumping now, as the floor price on OpenSea approached 14.5 ETH — $1.8M traded on the day. Tennis Art is a new project, with $1.4M in volumes on its debut. Gigamart is a new NFT marketplace launched in part by Elliotrades on Twitter — zero fees, with tons of useful features for NFT trades, including an airdrop notification and trader chat box (like the good old days on Bitmex!).

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:

O.G. Audio App Winamp Adds Ethereum and Polygon Music NFT Support

Warner Music Group to Release Polygon Music NFTs Through LGND Platform

Mints Double at Music NFT Platform as Collectors Shrug Off Bear Market

Ledger Just Launched a New Hardware Wallet for Your NFTs

Japan NFT Market Intelligence Report 2022: Market is Expected to Grow by 53.0% to Reach $1,361.5 Million in 2022 — Future Growth Dynamics to 2028

Aave Acquires NFT Mobile Game Sonar for Lens Social Media Integration