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gm - December 8th, 2022

gm 👋

Crypto is barely moving and is pretty quiet so far this week. Bitcoin is flat at $16.8k and Ethereum is up slightly to $1240 in the past 24 hours. Kim Kardashian and Floyd Mayweather are off the hook for an EthereumMax trial — Kim had to pay the SEC $1.3M back in October for the promotion on her Instagram, but it seems the penalty may just end there. Genesis sent a letter to clients informing them that their lending unit’s withdrawal freeze is likely to be a matter of “weeks” rather than days.

NFT volumes are over $20M on the day, thanks in large part to Tim Ferriss’s new NFT project, “Cockpunch” which had $6.7M in secondary volume today. Valhalla also enjoyed a jump in volume as it prints $2.4M. BAYC and MAYC collectively had $2M. ETH-NFTs were $19M on the day, while Solana-NFTs are $2.5M. NFTs minted from the FTX marketplace have now had their metadata nuked as FTX servers go down.

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:

Decentraland Goes Live with Onboard Rental Contract

Author Tim Ferriss Tops NFT Sales Charts With ‘Cockpunch’

Trader loses 70 ETH over bug in NFT marketplace Blur

Here’s What Web3’s Biggest Builders Say the Future Holds

First NFT Project Launches on Oasys in Collaboration with Creator of Virtua Fighter and Shenmue

NFTs minted on FTX break, highlighting Web2 hosting flaws

Co-founder of NFT platform Blockparty charged with fraud

$1.3T Asset Manager Exploring Use Cases for NFTs

Music NFTs Aren’t Listening to Market Conditions