gm - September 9th, 2022

gm 👋

Crypto markets bounce back, with Bitcoin +9.3% to $21,100 on $37B of turnover and Ethereum +4.9% to $1723 on $19B. Basically, markets are front-running the expected rate cuts in 2023 (yes, based on analysts looking into June 2023 lol) and leveraged positions were squeezed causing crypto spot to rally. Meanwhile, the energy crisis in Europe hasn’t changed. DXY releases some pressure in FX markets and has dropped back to 109.

NFT volumes were $18M in total, with EVM-NFTs at $12M and Solana-NFTs at $5M. Otherdeed + BAYC take the top two spots with $3.5M in total, and Sorare in third with $1.3M. ENS back in the race with close to $1M in volumes. ABC + y00ts (Solana projects) were a combined $1.5M in traded value

Snpashot of Blue-Chip NFTs

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NFT headlines:

Japanese gov’t issues NFTs to reward local authorities’ work

Queen Elizabeth II Ethereum NFT Tribute Project Holds Final Auction

NFTs Can and Will Be So Much More

‘She Will’ Director Launches NFT in Support of End Violence Against Women

Sony Music files trademark application for NFT-authenticated music

Ford prepares to enter the Metaverse with virtual automobiles and NFTs

Exclusive: Jim Carrey Secretly Dropped NFTs Under His Web3 Alias

White House to NFT Space: Make Minting Greener


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