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  • 12/5/23: NFTs Are Back 🦩🪶⛏️

12/5/23: NFTs Are Back 🦩🪶⛏️

Author

Valko
December 05, 2023

Top News

  1. FlamingoDAO sweeps $610k worth of NFTs across 50 collections

  2. Signature by Jack Butcher hits 7.25 ETH floor, up 1.2x on the week

  3. Crypto mining firm Phoenix rises 50% on first day after $370M IPO

Specs’ Insights

1. FlamingoDAO sweeps $610k worth of NFTs across 50 collections

⌐◪-◪ → NFTs are making a comeback, with $37.4M of trading volume in November - the highest in months. 80% of which happened on Blur’s marketplace.

FlamingoDAO—a for profit NFT DAO—went an another 270 ETH buying spree, with a heavy emphasis on CrypToadz. !vibe.

For a full list of their recent purchases, check out Denze’s handy dune query.

2. Signature by Jack Butcher hits 7.25 ETH floor, up 1.2x on the week

⌐◪-◪ → When will people learn to stop fading Jack Butcher and Jalil? After their undeniable success with Checks and Opepen, they’ve done it again with Signature.

The duo has become so popular that some are calling them the new Matt and John (legendary creators of CryptoPunks).

The recent 1.2x surge to a 7.25 ETH ($16k) floor comes in anticipation of Christie’s auction of Signature #0 later today.

To learn more about Jack’s story, check out Zora’s 15-min film.

3. Crypto mining firm Phoenix rises 50% on first day after $370M IPO

⌐◪-◪ → The market’s hunger for crypto cannot be satiated, at least not until the spot Bitcoin ETFs are approved.

Until then, investors will keep turning to tradtional assets that provide crypto exposure, such as Phoenix, or other publicly traded crypto companies like Coinbase.

It's funny—and somewhat sad—to see people FOMO into crypto during price surges after a multi-year bear market. This is precisely what one should avoid doing.

As the saying goes, everyone gets Bitcoin at the price they deserve.

Peripheral Vision

⛓️ Crypto & DeFi

🏦 Wallstreet & VC

  • Ark Invest sells another $1.4M Coinbase shares for Robiobinhood

  • Robinhood crypto trading surged 75% in November

  • QANPlatform raises $15M to make a quantum-resistant blockchain

  • Curvance raises $3.6M seed round for "DeFi” everything app

🏛️ Legal & Regulatory

  • BlackRock and Bitwise update their S-1 filings for spot BTC ETF

  • BlackRock received $100k seed funding for its spot BTC ETF

🌎 Rest of the World

  • Spanish man allegedly taught North Korea how to evade US sanctions

  • Singapore DigiFT exchange wins regulatory approval from MAS

  • Brazil’s largest bank, Itau Unibanco, launches crypto trading

🖼️ NFTs & Metaverse

  • Blur dominates 80% of NFT trading volume, OpenSea at 17%

  • Rektguy team announces snapshot, we don’t know what for though

  • SuperRare’s token surges 50% amid NFT rally