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gm - January 5th, 2023

gm 👋

Absolutely no change in Bitcoin and Ethereum in the past 24 hours — Bitcoin is still $16.8k and Ethereum at $1250. 2023 is starting off with many crypto services shutting down or cutting back — it has come to light Wyre is winding down, and with it, hindering other services like Juno and veve. Wyre was valued at $1.5B last year, and after a failed acquisition deal, has to face a tough decision as its burn rate isn’t sustainable. The crypto-focused bank Silvergate is laying off 200 employees (40% of the workforce) and has completely written off its $196M investment in the ex-Facebook crypto tech firm Diem.

NFT volumes today were close to $25M, with ETH-NFTs at $19M and Solana-NFTs at $4M. Azuki and Beanz sit on top with a combined $8M in volume — the rest are BAKC, CryptoPunks, and BAYC.

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:

Fanatic sells 60% stake in Candy Digital amid ‘imploding NFT market’

NFT Sales in 2022 Nearly Matched the 2021 Boom, Despite Market Crash

Web3 Builders Lose Dozens of High-Value NFTs in Back-to-Back Attacks

Magic Eden Issue Leads to Fake NFT Listings, Will Refund Affected Users

Final Fantasy maker Square Enix plans ‘aggressive’ NFT investment

Rolling Stone Unveils ‘Matriarchy Now’ With Pussy Riot Superstar