Web3 Weekly Review: Partnership between Doodles and McDonald's, Trump's appointment of crypto advocates to admin...
NFT Weekly News #73 11th November - 17th November
NFT News Weekly Update #73
(11/11/2024-17/11/2024)
GM
Welcome to NFT Weekly News by Threekeyslab๐๏ธ๐๏ธ๐๏ธ. Subscribe and follow to stay up-to-date with key market digests.
Top News ๐
๐ NFT๏ฝDoodles annouces McDonaldโs partnership on Nov 18th๏ผNov 18๏ผ
๐ US Politics | Trump appoints a number of crypto advocates to admin (Nov 17)
The cryptocurrency industryโs leading super PACs plowed $131 million into congressional races this election cycle to help elect dozens of pro-crypto lawmakers, while individual billionaires with crypto interests spent millions to help return Donald Trump to the White House.
The cryptocurrency industryโs Goals include ensuring Trump selects a crypto-friendly Securities and Exchange Commission chair to replace Gary Gensler. Industry groups are also lobbying Congress to pass a regulatory framework that they say is needed to pull crypto into the mainstream of the US financial system.
Market Update ๐ฃ
Last week, the primary NFT PFP projects that saw significant sales included BAYC, Crypto Punks, and Milady. These collections are famous for their charming characters and distinctive designs, which make them very popular in NFT market.
Winds of Yawanawa, Fidenza and Chromie Squiggles stood out as the main NFT Art projects sold last week.ย Winds of Yawanawa has experienced in the past week an increase in trading volume, reclaiming public attention through its distinct aesthetic senses and creative ingenuity.
Credit to: @Deepnftvalue
Other News ๐
Meme | GIGA lower as whale wallet exploited and sells $6m (Nov 12 )
The large sale of GIGA on 12th of November originated from @stigstigstig_, whose wallet was drained by a hack triggered via a fake Zoom link.
Meme | Moonshot hits record daily deposits (Nov 13)
Fiat deposits on Moonshot breaks record, which indicates that normies are coming.
CEX | Binance write positive piece on AI agents (Nov 13)ย
Binance Research: AI agents can engage in dynamic, multi-step decision making and adapt based on interaction. They can also interact with other agents, protocols, and external apps. Crypto AI agents are closer to their demo state than reality, but the momentum is overwhelmingly positive and we might see significant growth over the coming weeks and months.
Meme | Elon Musk Praises Dogecoin Inflation Rate: 'Feature, Not a Bug' (Nov 14)
The worldโs richest man and soon-to-be U.S. government employee, Elon Musk said on Twitter (aka X) that the joke cryptocurrencyโs inflationary model is a โfeature, not a bug.โย
He was responding to Dogecoin co-founder Billy Markusโ tweet explaining to developers how to adjust the assetโs tokenomics.
NFT Chain Volume ๐
Over the past week, NFT marketplace volume went down to $142.53 million. Ethereum claimed the top spot with a 59.6% market share while with $84.89M chain volume, surpassing both Solana and Polygon.
Credit to : @NFTpulse
Memecoin Market Cap and Volume ๐
Last week, the daily market cap for memecoins fluctuated between $88.22 billion and $117.48 billion, settling at $112.81 billion on November 17th.ย
Weekly trading volume reached $335 billion, marking a 603% increase from the previous week.ย
The top 3 weekly gainers on CoinmarketCap are $ACT, $PNUT, and $SHOG.
Credit to : @CoinMarketCap