Bitcoin and Ethereum both take a breather, each up 2% to $19.1k and $1350 respectively. Both volumes look in line with recent moving averages, with $33B and $14B trading. US 10-year yield rises to 3.50% for the first time since 2011, as the yield curve goes full YOLO into extreme inversion — 5 to 30-year yield curve is inverted 20bps, the most since 2000.
NFT volumes stay relatively flat at $15M, with EVM-NFTs at $10M and Solana-NFTs at $2.6M. BAYC sees a nice bump up with $1.7M in volumes, a 61% pick up vs. yesterday. Azuki prints $1M as interest continues from yesterday, and Gods Unchained Immutable (ImmutableX project) had a strong $1.2M in volume. NFL All Day and Sorare keep in the top 5 as expected. ENS has announced a unique id name service just for Coinbase called ‘cb.id’ — secondary volumes were $750k on the day for ENS.
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Two States Start Taxing NFTs (Smithsonian Magazine?!)
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