gm - September 14th, 2022

gm 👋

Crypto markets are twitchy as TradFi gets crushed. Bitcoin is down 5% in the past 24hrs, now hanging just above $20k on $38B of volume. Ethereum heads into the final ~24hrs to merge at $1600 on decent volumes of $19B. An arrest warrant was issued for the Terra Luna creator Do Kwon by a South Korean court. Otherwise, all eyes are on the countdown to the merge!

NFT volumes stay stagnant, with $15M trade in the past 24hrs, with $12M in EVM-NFTs, and $1.7M in Solana-NFTs. Doodles take the top spot with $2.1M in volume following the blockbuster raise of $54M. BAYC follows behind with $1M in turnover and CryptoPunks at the same volume. A pretty normal day all things considered looking at the rest of the pack. ImmutableX volumes have relaxed back to $500k after having a few strong days last week — momentum is hard to carry through in this climate. Sudoswap had a $1M day yesterday and currently looks on pace to do the same in the next 24hrs.

Snapshot for Blue-Chip NFTs

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NFT Headlines:

‘Proof of Merge’ NFTs Will Transform in Your Wallet as the Ethereum Merge Happens

Magic Eden defends launch of NFT royalty enforcement tool

$70M Art Collection at MoMA To Be Sold, Proceeds Could Fund NFT Buys

GameStop adding NFT trading cards to loyalty program perks as it deepens push into digital world

Ethereum community wastes no time minting PoS NFTs right after the Merge

Blue-Chip NFT Holders Are Now Eligible for an IRL Rewards Program

New York’s Museum of Modern Art Considers Buying NFTs With Proceeds of $70M Auction: Report


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