The crypto market is resilient, with Ethereum holding +1% to $1214 and Bitcoin flat at $16680. Newsflow has slowed down, allowing everyone to take a break — at least on the crypto side. Twitter was on fire with Twitter news as the mass exodus of infrastructure engineers at the company means the site is running on autopilot and any hiccups may cause the site to go down. Most likely things will be BAU but rumor has it GeoHot may go and help Elon sort things out. A Cardano-based stablecoin named USDA is slated to launch in early 2023.
NFT volumes normalized a bit to $12M, with ETH-NFTs at $10M and Solana-NFTs holding up at $1.4M. Solana NFT protocol called Metaplex has announced layoffs as the SOL ecosystem shrinks after the collapse of FTX — the company was just recently enjoying a partnership announcement with Beeple. BAYC takes the top spot again with $2.5M, while Otherdeed and MAYC are third and fourth respectively at a combined $1.3M in turnover. Sorare posts $700k with days to go until the World Cup kick-off on Sunday.
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