gm - January 12th, 2023
gm 👋
Crypto markets enjoy a massive move up, with both Bitcoin and Ethereum up 6% in the past 24 hours. Bitcoin punches through $18k and is now at $18.3k, while Ethereum trades at $1410. Total crypto market cap inches towards $1T again, with it currently at $927B. As the US inflation rate slows to 6.5% (I guess that’s slow?!), USD makes moves and softens with USDJPY heading lower to 129.7. In a domino of centralized lender scrutiny, Nexo is now the target of Bulgarian authorities for money laundering and tax violations — a user on the platform has been identified as funding terrorism and utilizing Nexo to move funds around.
NFT volumes spike, along with high spirits in the crypto markets. ETH-NFTs are at $30M, and Solana-NFTs are $4M. MAYC, BAYC, and BAKC make up the top three with a combined $11M in turnover across nearly 500 trades. Yuga put out another tweet update on a new mint and details behind their new mini-game. Mutant Hound Collars and Azuki both print $2M on the day.
Check out our Dune dashboard for details → https://dune.com/lhagiimn/cyan-market-dashboard
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NFT headlines:
9GAG’s Memeland: Meet The Studio Behind The Potatoz and Captainz
Top NFT Artists Are Launching Projects on Instagram and Selling Out in Seconds
Solana-Based Bonk Inu NFTs Surge Tenfold After Mint but Listing Attracts Criticism
Tennis Australia commits to more NFTs despite mayhem in the crypto markets
Game of Thrones NFTs Sell Out Quickly, But Draw Criticism for ‘Poorly Drawn’ Characters
Crypto Twitter Reacts to Official ‘Game of Thrones’ NFTs: ‘Worst Thing I’ve Ever Seen’
NFT gaming trends in 2023: Industry execs expect more big players to jump in
