gm - October 27th, 2022

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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.

Snapshot of Blue-Chip NFTs

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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

Madison Reports Initial Sales of First Uranium-backed NFT

This platform is transforming high-end property into NFTs


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