Binance has managed to allocate another billion to the crypto industry rescue fund, bringing the total to $2B. Jump Capital, Aptos Labs, and a small army of crypto “who’s who” have chipped in a bit of capital as well. The next potential blow to the industry might be the de-pegging of wBTC, which hasn’t reached par after FTX’s collapse. Although the spread is small, a de-pegging for so long may suggest a lack of stability, and some are pointing to potential problems at BitGo as the source. Bitcoin is stable at $16490 while Ethereum is a touch softer at $1190.
NFT volumes stay at $12M, with ETH-NFTs at $9M and Solana-NFTs at $1.5M. ImmutableX is at $1M thanks to Gods Unchained once again. BAYC is on top with $1.6M in turnover, while BAKC (Bored Ape Kennel Club) takes second with $1.5M in volume! The bored dogs jumped in interest as BAYC made an announcement for a surprise, which led speculation towards adding utility to dogs while simultaneously getting excited about a potential game called “The Trial of Jimmy the Monkey” (with a paw print).
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