gm - September 26th, 2022

gm 👋

Crypto markets are up a touch, with Bitcoin up 2% to $19.2k on $36B of volumes. Ethereum is up +3% to $1325 on $15B. Grayscale’s GBTC (Bitcoin Trust) is now trading at a record low of 35% discount compared to the value of Bitcoin, perhaps in a drawn-out reaction to SEC’s recent stance and signals towards crypto in general. Interpol has issued a red notice for Do Kwon, who South Korean authorities are still chasing as he managed to slip out of Singapore.

NFT volumes are softer vs. the recent average, trading at $12M on the day. ETH-based NFTs saw $7M go through, while Solana-based NFTs were at $3M. Critters Cult (Solana-based collection) has crept up to first on $1M of turnover, while BAYC + MAYC print $1.4M collectively. NFL All Day does well before America’s favorite past-time, Monday Night Football — $700k trades hands.

Check out our Dune dashboard for details →


NFT headlines:

‘Grotesquely overpriced’ — Apple’s App Store wants 30% cut on NFT sales

Disney seeks corporate lawyer for ‘emerging technologies’ and NFTs

NFT ecosystem attempts a bounce back amid bearish market sentiment

Crypto downturn makes NFT artists get creative

FIFA Releases Genesis NFTs on Eve of World Cup

How Apple’s App Store Policies Squeeze NFT Startups


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