gm - September 12th, 2022

gm 👋

Bitcoin is stronger, up 2% to $22.1k on a super-healthy $43B of volumes. Ethereum is softer 4% to $1700 on $17B of turnover as the merge happens in a couple of days. ETH/BTC ratio has hit 0.08, usually a crux point for the market to rotate a bit out of ETH into BTC to rebalance.

NFT volumes were lower on the day with $14M trading, EVM-NFTs was $8.6M while Solana-NFTs was a lower $2.5M. BAYC takes the top spot with $1.7M, NFL All Day bounces back with $1.5M, and Sorare posts a solid $1M day.

Snapshot of Blue-Chip NFTs

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NFT Headlines:

Starbucks details its blockchain-based loyalty platform and NFT community, Starbucks Odyssey

It’s Time to Separate NFTs From Digital Art

NFT News: Beyonce’s Producers Are Helping Bored Apes Make Music

Merriam-Webster Adds ‘Metaverse’ and ‘Altcoin’ to Dictionary in Nod to Crypto

👋🏽We’re Unblocked. A New NFT Marketplace

Should there be demand-based recurring fees on ENS domains?


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