gm - November 14th, 2022

gm 👋

Crypto markets were looking tired earlier this morning, with Ethereum quickly approaching $1100 until CZ tweeted in the Asia-afternoon and declared he’s working on a relief fund to try and regain trust in exchanges. This was good enough to carry Ethereum back up to $1250, +1% in 24hrs. Bitcoin remains flat at $16590.’s CRO token pops +14% to give it a $2B market cap, although it's still down -37% over the past 7 days. FUD still circulates, though it is less pronounced after the weekend ended. Although newsflow is slower, we’re still not in the clear.

NFT volumes don’t look overly changed day-over-day, with the total still hanging around $10M with ETH-NFTs taking 80%+ of the volumes. Bored Apes remain heavily traded with a turnover of $1.3M, as its floor price drops below 60 ETH and looks to be approaching 50 ETH as the best bid sits at 52.7 ETH on OpenSea. Mutant Apes are taking a beating as well, with the best bid sitting at 9.25 ETH now and the average price down -8.5% on the day. Otherside has relaxed its drop but still remains under 1 ETH. Other Blue-Chip NFT collections also taking hits, such as Doodles average price down -22%, MeeBits down -11%, BAKC down -8%, and Cool Cats down -19%.

Snapshot of Blue-Chip NFTs

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NFT headlines:

‘This man should be put in jail’ — NFT bro burns $10 million Frida Kahlo painting as mariachi band plays

NFTSTAR leads its NFT superstar squad to arrive at The Sandbox ahead of the World Football Championships

LG looking for Web3 experts as it prepares ‘to make NFT push’