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gm - November 25th, 2022

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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.

Yuga Labs roadmap shows development planned for BAKC

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).

Snapshot of Blue-Chip NFTs

Check out our Dune dashboard for details → https://dune.com/lhagiimn/cyan-market-dashboard

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NFT headlines:

Art Gobblers NFT Floor Price Spikes as Trading Volume Surges — What is the Future of the Collection?

Cristiano Ronaldo NFT launch sees increase in search traffic

Solana NFT Prices are Defying Crypto Winter. Here’s Why

Metaverse Casino Slotie Ordered to Halt NFT Sales in Four US States

ApeCoin geo-blocks US stakers, two Apes sell for $1M each, marketplace launched

Want to join this new golf resort? No dues, just buy an NFT