gm - September 1st, 2022
gm 👋
Bitcoin and Ethereum are softer -1.5% to $19,971 and $1564 respectively. Lower volumes on both as well, with Bitcoin at $26B turnover and Ethereum at $15B. Michael Saylor is in the news after being sued by the District of Columbia claiming he lived in the jurisdiction without paying taxes for 10yrs+ and instead fronted living in Florida instead. Reuters is reporting Binance is under investigation for breaking AML laws by US authorities, specifically noting the exchange may have violated the Bank Secrecy Act. Regulatooors really making serious moves in 2022.
NFT volumes taper off to $15M, with EVM-NFTs on $11M turnover and Solana-NFTs at a whopping $3M turnover. BAYC takes the top spot, volumes at $1.8M on the back of a blockbuster sale of ape #6588 at $1.1M. Sorare follows up on $1.3M of volume. CloneX still hanging on despite the WSJ article being 3 days old now, with $700k on the day. Solana projects ABC and Infected Solympus collectively account for ~$1M of the $3M total Solana-NFT volume today.
Check out our Dune dashboard for details → https://dune.com/lhagiimn/cyan-market-dashboard
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NFT headlines:
Just 2% of Americans say they have bought an NFT (Pew Research)
Any Ethereum Forks ‘Won’t Be Supported’, Says NFT Market OpenSea Ahead of Merge
‘Beer With Bill Murray’ NFT Sells for $185K in ETH at Charity Auction
Hermès reveals plans for Metaverse fashion shows, crypto and NFTs
An ‘annoyed’ Melania Trump stays mum on Mar-a-Lago search as she promotes NFT business
Ticketmaster Chooses Dapper Labs’ Flow Blockchain for NFT Tickets
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