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.

Check out our Dune dashboard for details → https://dune.com/lhagiimn/cyan-market-dashboard

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NFT headlines:

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

Final Fantasy maker Square Enix plans ‘aggressive’ NFT investment

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