gm - October 2nd, 2022

gm 👋

Crypto markets are softer as the weekend closes, with Bitcoin down 1% to $19.1k and Ethereum off -2.5% to $1290. Both have low volumes, $15B and $6B respectively. Almost as if it's a PTSD flashback to 2009, Credit Suisse is the topic of discussion over the weekend as its 5-year CDS spreads are at near all-time highs. Additional topics include the Bank of England’s kickstart of QE this week due to pension funds teetering of collapse — this is on top of the BOE’s bond portfolio unrealized losses of ~$200B.

NFT volumes were $16M over the past 24hrs, with ETH-NFTs showing $11M and Solana-NFTs at $2.5M. The top project is RENGA at a $2.4M turnover on 691 transactions. BAYC comes in second with $1.7M on 7 transactions, and CryptoPunks follows on $1.3M but with 2 trades.

Check out our Dune dashboard for details →


NFT headlines:

How PussyDAO Is Using Solana NFTs to Sell Physical Underwear

Redeem free NFT artwork from a vending machine at National Gallery Singapore

How NFTs and the Metaverse can keep fashion luxurious

NFT gaming startup Metastrike closes US$3.3M funding round

Sex Workers Are Using NFTs to Take Control of Their Content


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