GM Brew Crew, after this morning’s read, we bet you’ll feel like an Irish lad who just downed a thick glass of Guinness…all buzzed up and ready to tussle! (with the markets of course)

Let’s dive in mate ⬇️

On the menu today:

• 🫣 NFT PRICES HAVE DROPPED SIGNIFICANTLY

• 🌪️ TORNADO CASH FOUNDERS FACE CHARGES

• 🤝 SHOPIFY ACCEPTS STABLECOIN PAYMENTS

Today’s Charts:

🫣 NFT PRICES HAVE DROPPED SIGNIFICANTLY

Several prominent "blue-chip" NFT collections have encountered substantial drops in their floor prices, decreasing by over 25% within the past month, as reported by Nansen.ai data.

NFTs are special types of crypto assets that give you ownership of real or digital items. The floor price of NFTs shows the lowest amount a seller will accept for an item in a collection. This number shows how popular / valuable the collection is.

On-chain data highlights notable decreases in floor prices for specific NFT collections in the past 30 days:

• Bored Ape Yacht Club ➡️ 27% decrease in floor price

• DeGods collection ➡️ 55% decrease in floor price

• Azuki ➡️ 36% decrease in floor price

Despite NFT values typically correlating with ethereum prices, the depreciation of NFT values has outpaced the decline in the value of ETH.

Sorry mate, your digital pic of a lizard smoking a cig is getting WRECKED!

🌪️ TORNADO CASH FOUNDERS FACE CHARGES