gm - January 13th, 2023
gm 👋
Bitcoin continues to grind higher, adding another +4% today to trade just under $19k. Ethereum looks less enthusiastic but nonetheless added +1% to trade just above $1400. More exchange cuts were announced, this time from Crypto.com as they cut 20% of its workforce, joining Coinbase in downsizing its staff. On the contrary, Binance is looking to add 15~30% more employees to make their total headcount 10k, according to CZ. The SEC is now probing both Gemini and Genesis, calling the ‘Earn’ program a security they obviously never registered for.
Total NFT volumes touch $25M today, with ETH-NFTs at $20M and Solana-NFTs at $5M. Azuki leads the pack with $2.6M in turnover, with MAYC close behind with $2M, although the floor price isn’t moving much. Beanz is also seen with $1.4M in volume, riding the coattails of Azuki.
Check out our Dune dashboard for details → https://dune.com/lhagiimn/cyan-market-dashboard
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ANNOUNCEMENT
We are going to phase out the daily ‘gm’ newsletter, with the last issue going out on the 18th. Revue is deprecating and coupled with our new Cyan Newsletter, we’ll be consolidating efforts.
If you haven’t yet, please sign up for our newsletter from our homepage. Many thanks and we look forward to sharing more in our Cyan Newsletter going forward!
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NFT headlines:
Bored Ape Collections Pump Ahead of Upcoming Sewer Pass NFT Mint
NFT Passes for a Zoom Call With Donald Trump Are Selling for Under $25
Bored Ape Yacht Club NFT Sales Spike Ahead of Yuga’s Dookey Dash Game
Music NFTs are helping independent creators monetize and build a fanbase
NFT index grades the trading performance of collectors’ wallets
