gm - November 19th, 2022

gm 👋

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.

Snapshot of Blue-Chip NFTs

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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)

Givenchy’s new NFT related project and collab