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gm - October 17th, 2022

gm 👋

Stocks are up and so are crypto — SPX is rallying 2.5% as well as Bitcoin, which is now trading at $19.5k on $23B of turnover. Ethereum naturally follows suit, trading at $1330 on $9B of volumes. Mastercard is getting deeper into the web3 game as it partners with Paxo to help banks with trading crypto. Lazarus has been targeting Japanese crypto firms, according to the FSA and Japan’s Police — historically Japanese firms have weaker security so this is to be expected.

NFT volumes hover around $9M, with ETH-NFTs at $7M and Solana-NFTs around $1M. BAYC takes the crown with $1.2M in volume across 13 trades, and Sorare continues its relevance in second place with $1M in turnover. The rest of the roster are the usual suspects, many found in the Cyan Blue-Chip PFP Vault.

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

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NFT headlines:

Magic Eden Flip-Flops on Solana NFT Royalties, Making Them Optional

Crypto Twitter split as another NFT platform moves to opt-in royalties

The Guardian view on Damien Hirst’s NFTs: posing a burning question

Gaming Companies Are Not Sure They Need an NFT Strategy

How Gamers Beat NFTs (yes, two articles from Bloomberg today)

Analyzing NFT Marketplace Trends (requires membership)

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