gm - November 23rd, 2022

gm 👋

Crypto markets recover a bit — Ethereum is up 4.2% to $1165 and Bitcoin is back to $16.5k, a +2.3% move on the day. Overall crypto market cap has risen +5% to $860B. SBF has sent an email to ex-FTX employees detailing his interpretation of events and apologizing for breaking their trust. CT (Crypto Twitter) wasn’t having any of it, calling SBF a liar and fraud, reminding people he should be in jail. Elizabeth Holmes is getting 11 years in jail for her blatant lies while running Theranos — perhaps a precursor to SBF’s fate. Genesis Capital has hired the investment bank Moelis to help them with their ongoing fundraising for $1B.

Crypto volumes spike as a new project, Valhalla, makes its debut with $7M in turnover. Ignoring this volume, things are stale at $12M as ETH-NFTs were $10M and Solana-NFTs at $1.5M. BAYC posts up $2.6M across 35 trades, while CryptoPunks has $1.4M on 14 trades. DeGods has $650k but LILY is nowhere to be found. Gods Unchained puts ImmutableX on the map with $800k in turnover.

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NFT headlines:

NFT marketplace Magic Eden integrates with Polygon to grow blockchain gaming

Magic Eden Eyes Gaming, Brand NFTs With Planned Polygon Support

Why OpenSea Is Sticking With NFT Creator Royalties

Rockstar Games Bans NFTs, Crypto From Grand Theft Auto Fan Servers

Conspiracy Moms: Trapped in the N.F.T.-verse

Saudi Arabia’s NFT Collection Soars After Unexpected Soccer Win Against Argentina

Child’s Play: Toy Giant Mattel Launches New NFT Marketplace