gm - December 9th, 2022

gm 👋

Crypto market cap is just shy of $900B now, a +2.3% move in 24 hours. Ethereum is up bigly, +3.8% to $1285 while Bitcoin is +2.5% to $17.3k. SBF has said he is willing to testify in front of the US House Financial Services Committee, taking up Maxine Waters’ invitation through Twitter. He’s also rejected the allegations that Alameda started the LUNA cascade back in May.

NFT volumes sit at $15M today, with ETH-NFTs at $12M, and Solana-NFTs at $2M. BAYC sits atop with $2M in turnover across 17 trades. CloneX is at $1M, while Sorare sits at third with $800k in volume. Cockpunch drops to fourth with only $750k in turnover after a blockbuster debut yesterday. Pplpleasr has raised $7M from the likes of a16z and Paris Hilton for her new NFT video platform “Shibuya”, which aims to be the A24 of web3.

Snapshot of Blue-Chip NFTs

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NFT headlines:

Tensions Erupt Between Magic Eden and Metaplex Over Future of Solana NFTs

OpenSea Again Changes Course on NFT Royalties After More Creator Pushback

Pplpleasr’s Shibuya NFT Video Platform Raises $6.9M to Build the ‘A24 of Web3’

Paris Hilton and a16z back NFT artist pplpleasr in $7M fundraising round for Web3 video platform Shibuya

Starbucks opens up its web3 loyalty program and NFT community to first beta testers

NFT Marketplace Magic Eden Pushes Further Into Gaming With New Hire

NFTs could help solve diamond certification fraud

Spartan Group, Infinity Ventures Crypto back NFT exchange NF3: Exclusive

Major Game Studios Still Aren’t Sold on NFTs