Daily News - June 12, 2022
TLDR:
BAYC floor drops from ATH of $450,000 to $130,000. Bloomberg publishes the failure of Axie Infinity. Cobie returns with a new must-read article.
OpenSea Trading Volume:
As fears of interest rate hikes continue, Ethereum drops 14.0% to $1,439.19! In a similar manner, OpenSea trading volume closes the day with $17.95M in daily volume - down 24.2% from yesterday’s close.
News:
Bloomberg published an article discussing the failure of Axie Infinity - the premier play-to-earn project! The token for Axie Infinity has declined from a high of $164.90 to $15.10! (Source)
Bored Ape Yacht Club has dropped from an ATH floor price of $450,000 to $130,000! This reduction is largely due to falling price of ETH alongside a nearly 41% reduction in ETH (150 ETH → 88.5 ETH). (Source)
Cobie returns with another much-needed article discussing “staking, pegging, and” other DeFi terms. If you’ve been confused by the mention of stETH, Celsius, AAVE, or Lido then this the article to get up to speed. (Source)
Jai Bhavnani, the founder of Rari, has officially left the DeFi protocol due to a misalignment in values. (Source)
Time Magazine will be distributing a special issue featuring NFTs during NFT NYC! (Source)
Notable Sales:
Bored Ape Yacht Club #5378 is sold for 200 ETH ($286,414) to vault.maxnaut.eth! This particular NFT was last sold on May 30, 2021 for 1.7 ETH ($4,057.75). (Source)
If you’re interested in learning more or joining a community of NFT traders, head on over to OriginsNFT