gm - September 19th, 2022
gm 👋
Crypto markets take a beating once again as Bitcoin is down 6% to $18.7k and Ethereum is -9% to $1300 — both seeing good volumes of $38B and 19B respectively. TradFi and macro basically dragging everything lower as FedEx stock dumps 21% on the honest of their management giving a warning to the upcoming quarterly earnings results — CEO Raj Subramanian straight told everyone if they aren’t doing well, the rest of the economy ain’t as well. Costco reports later in the week FYI.
NFT volumes are down to $13M, though EVM-NFTs putting up $9M in turnover as Solana-NFTs post $3M in volumes. BAYC saw $1M in volume, and NFL All Day sneaks up to second place, putting the Flow-based project back on the map above Sorare which ‘only’ had $700k. ENS making the rounds on NFT twitter, thus seeing good action of $500k in turnover.
Check out our Dune dashboard for details → https://dune.com/lhagiimn/cyan-market-dashboard
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NFT headlines:
NFTs will bring crypto to billions of users, explains VC investor
Anti-Putin Pussy Riot Singer and Activist Talks Abortion, Ukraine and NFTs
What Are Meebits? Metaverse-Ready NFTs From the Creator of CryptoPunks
Metaverse firm implements NFTs into its Minecraft and GTA 5 servers
NFT Collector Spends $50,000 To Immortalize Ethereum’s Last PoW Block
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