gm - October 27th, 2022
gm 👋
DOGE is up +14% to have a market cap of $10.5B as it pumps on Musk’s moves towards buying Twitter and finalizing the deal. Bitcoin and Ethereum are softer, -1.6% to $20.5k and -2% to $1550 respectively. Both trade on good volumes of $46B and $22B. The largest Bitcoin miner Core Scientific is having a rough time as it announces it will miss its upcoming debt payments in the coming days — shares were down 77%, and the company seems to be preparing for bankruptcy.
NFT volumes overall were softer to $12M, as ETH-NFTs were $10M and Solana-NFTs at $1M. CryptoPunks take the top spot with $1.1M on 5 trades. The rest in the top 5 are the usual suspects, with Sorare and BAYC at $1M turnover each and Azuki at $650k. SEBA, the Swiss-based crypto bank, has announced a new service to custody BAYC and CryptoPunks on behalf of clients.
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NFT headlines:
NFT vending machine to make digital art more accessible at London event
Aptos Is Luring Away Solana NFT Traders and Creators — Will It Last?
Crypto Bank SEBA Launches Institutional Custody Service for Ethereum NFTs
Swiss-Based Crypto Bank SEBA Offers Custody for ‘Blue Chip’ NFTs
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