gm - November 1st, 2022

gm 👋

Crypto looks stable over the past 24hrs, with Bitcoin flat at $20.4k on $35B of volumes. Ethereum tried to climb back to $1600 but has settled around $1565 for the time being on $22B of turnover. All eyes are on the Fed meeting, which JPM says could cause markets to jump 10% if rates are hiked 50bps. DOGE managed to pump again after more Musk tweets — the market cap of DOGE reached $20B, and essentially doubled in the month of October. Elon is now floating the idea of charging $20 /mth for blue-checkmark accounts, while rumors circulate Apple & Google are considering de-platforming Twitter (unconfirmed…).

Mechanism for Art Gobblers — new NFT kid on the block

NFT volumes spiked to nearly $35M as a new project powered by Paradigm and the creator of ‘Rick & Morty’, called Art Gobblers, had a debut volume of $20M on the day. As a result, ETH-NFTs are at $32M volume, while Solana-NFTs sit at $1M. The floor price for Art Gobblers is 13 ETH with only 1700 in existence. BAYC posts $2M in turnover on 20 trades, while CryptoPunks does $1M on 10 trades — early flippers of Art Gobblers perhaps?

Snapshot of Blue-Chip NFTs

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NFT headlines:

‘Rick and Morty’ Co-Creator’s NFT Collection Sees $14M in Trade Volume Hours After Mint

GameStop Adds Web3 Gaming NFTs to Marketplace With Immutable X

Steph Curry files trademark for the Curryverse, where players earn NFTs

Even as NFTs Plummet, Digital Artists Find Museums Are Calling

Stepn’s New Solana, Ethereum NFT Marketplace Bucks Anti-Royalties Trend

NFT Trading in Apple App Store: The Good, The Bad, and The Ugly


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