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Crypto markets are softer, with both Bitcoin and Ethereum off 1% each to $16660 and $1209 respectively. Both have ridiculously low turnover, with Bitcoin only touching $15B in total and Ethereum with $4B. There doesn’t seem to be any consensus on how things will go. The Grayscale spread widens as the Bitcoin trust drops to a 46% discount vs. Bitcoin spot.
NFT volumes have an exciting addition in dynamic today, with NFT All Day taking the first spot with $1.4M in turnover. This puts Flow on the map. NFT turnover is about $13M, with ETH-NFTs at $9.6M, Solana-NFTs at $1.6M, and Flow at $1.4M as previously mentioned. Otherdeed comes in second with $1M in volume across 400 trades. CloneX is a close third with $1M with the floor price rising 1 ETH to 8.88 ETH.
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NFT headlines:
Coachella NFTs Sold for $1.5M — Now They’re Stuck on FTX
Relative of Hilma af Klint Condemns NFTs of Artist’s Paintings
NFT prices slump as FTX’s collapse shadows digital collectibles (CBS News)
Christie’s at The Gateway: Your Access to an Exclusive NFT Auction
Ethereum NFT Marketplace X2Y2 Will Enforce Royalties Following OpenSea’s ‘Brave Move’
The FTX investors’ tombstoNFT (FT News)