gm
Never a quiet week in crypto! We saw markets crash with rumours that the CEO of Binance had been issued a Red Notice by Interpol sparked by this cryptic tweet by @Cobie.
Elon Musk went into full mischief mode, temporarily changing the Twitter logo to the Dogecoin logo sparking up to 33% in gains for the coin.
Both reminders of how easily the crypto market can be moved by big individuals in the space and unfounded rumours.
And then Crypto went on to do it's own thing and chop over Easter.
Stay careful out there and remember the popular mantra:
"Trust, But Verify".
- @nuconomist
π Weekly Stats
Crypto Market Cap: 1.23 Trillion Dollars πΊ+0.82% (Was 1.22 T)
Bitcoin Dominance: 44.47% π»-0.31% (Was 44.61%)
Ethereum Dominance: 18.17% πΊ+2.54% (Was 17.72%)
30 Day NFT Volume (ETH): 866k π»-9.32% (Was 955k)
πΌοΈ NFT Corner
Top Collections by ETH Volume (7 Days)
Wrapped Cryptopunks (42,355 ETH)
Bored Ape Yacht Club (9,526 ETH)
Nakamigos (9,246 ETH)
Azuki (8,963 ETH)
Otherdeed for Otherside (8,648 ETH)
Most Profitable Collections by ETH (7 Days)
Gemesis (2436 ETH PnL)
Otherside Vessels (1647 ETH PnL)
Otherside Koda (1290 ETH PnL)
Otherdeed Expanded (1158 ETH PnL)
Wrapped Cryptopunks (983 ETH PnL)
π¬ Market Narratives
"OpenSea Fights Back" - Bankless
This week OpenSea launched OpenSea Pro, upgrading the gem.xyz platform it acquired last year. To celebrate, they also opened up a free claim for a Gemesis NFT if you had used the Gem platform in the past. With 180,000 available to mint and just under 50% minted so far, make sure you check if your wallet is eligible.
At the moment this appear to simply be a collectible, however, there has been speculation that this could be a pre-cursor to a token airdrop or an access pass to premium features. Either way, it has taken the top spot in this week's NFT rankings and has shown they will not bow down to Blur.
That said, I'm sure this tweet got more than a few chuckles this week...
π° News Digest
Is Chief Twit Elon Muusk Also Top DOGE? - CoinDesk
How the Ethereum Shanghai Upgrade Could Impact the Price of ETH - Decrypt
Magic Eden Announces Ordinals Launchpad for Bitcoin Inscription Collections - Bitcoin Magazine
π¦ Top Tweet
ποΈ Upcoming Dates
12th April - Ethereum "Shanghai" upgrade allows for unstaking.
12th-14th April - NFT NYC
26th-28th April - Annual Consensus conference hosted by CoinDesk
Published with β₯ by {{ admin_name,fallback=Nuconomist }}.
Hereβs where you can find me online:
{{ admin_address,fallback=nuconomist.com }}