It’s post-World Cup Monday, and we’re feelin’ the pinch a little at this end, so this morning’s just a quick roundup – Crypto Espresso-esque style – for you while we chug industrial quantities of coffee and energy drinks and brain pills and whatnot, and wonder why the whole Earth is shaking.
Or is it just our eyes?
One thing that seemed to be pretty stable on Monday morning were the majors. BTC and ETH are both nudging into the black this morning, but not by much for the past 24 hours.
BTC is at $US16,763 – up 0.12 per cent for the past 24 hour period, ETH is similarly up 0.15 per cent to $US1183.5 and BNB has enjoyed a solid 3.9 per cent bump since this time yesterday, and is moving around the $US250 mark at the time of writing … but it’s been falling steadily over the course of the morning.
Now, here’s some news …
Trump NFTs sink, then soar-ish
A lot of people had a good laugh when former US President Donald Trump launched his weary attempt to cash in the crypto fad, launching a range of NFTs with him cosplaying as an astronaut, a cowboy, a member of the military and, seemingly, the rest of the Village People.
But it would seem that now that the dust has settled, Trump’s NFTs have managed to increase in value over the weekend, and that’s despite eagle-eyed NFT-watchers noticing that a bunch of the Trump Trading cards appear to have used images taken off the internet.
The evidence in many cases seems pretty damning – and, obviously, not exactly Trump’s fault because the odds of him knowing how to use Photoshop to make his own NFTs are very, very slim.
Gizmodo.com reported that reverse image searches suggested the Trump pictures were edited photos scraped off the internet, several from small clothing brands.
PCMagAustralia has run images from the NFTs alongside images from the likes of Men’s Warehouse, Scully Leather, Western Sports and stock image provider Shutterstock.
The BBC wrote that, according to the website offering the digital trading cards, they had sold out, with 45,000 being snapped up for $99 each.
At the time of writing, Trump Collector Superhero Magic Moneymaking Cards (OK, that might be what we’re calling them) are on Opensea with a floor price of 0.23ETH, about triple what they were selling for at launch.
Bitavo’s DCG alert
Over at Decrypt, there are rumblings among the Dutch this morning after cryptocurrency exchange Bitvavo says it has 280 million euros ($US297 million) “stuck with Digital Currency Group (DCG)”, or 17.5 per cent of the $1.6 billion euros Bitvavo says it manages in deposits and other assets.
This is, clearly, not great news – the current state of the entire market is obviously in Quiet Chaos mode, and it’s that “current turbulence in the cryptomarket” which Bitvavo is blaming for the problems.
In a blog post, Bitvavo says DCG has “has suspended repayments until this liquidity issue has been resolved. DCG indicated that the outstanding deposits will be reimbursed and that it will present a plan in the coming weeks.”
In the meantime, naturally, Bitvavo says it will “continue to offer the services that our customers expect from us” – and will continue to manage the 1.6 billion euros in deposits and digital assets it has on its books.
Except for the 280 million euros-worth it can’t withdraw from DCG.
Top 10 overview
With the overall crypto market cap at $US846 billion, up 0/7 per cent since this time yesterday, here’s the current state of play among top 10 tokens – according to CoinGecko.
Toncoin (TON), (market cap: $US3.94 billion) +5.7 per cent
Rocket Pool (RPL), (mc: $US367 million) +3.4 per cent
BNB (BNB), (mc: $US11 million) +3.9 per cent
Pancake Swap (CAKE), (mc: $US563 million) +3.4 per cent
Shiba Inu (SHIB), (mc: $US5.06 billion) +3.3 per cent
Filecoin (FIL), (market cap: $US1.05 billion) -4.2 per cent
BTSE Token (BTSE), (market cap: $US342,000) -4.0 per cent
GMX (GMX), (mc: $US386 million) -3.7 per cent
Algorand (ALGO), (mc: $US1.35 billion) -3.1 per cent
Ethereum PoW (ETHW), (mc: $US320 million) -2.9 per cent
(Stats accurate at time of publishing, based on CoinGecko.com data.)
Originally published as Crypto Espresso: Imagine making an NFT using right-clicked images
Read More: Those Trump NFT images look familiar …