Sell The Bottom by Mladek - NFT & Crypto Update

Solana Plummets, Binance steps back, Opensea enforces royalties

Solana Price Plummets

"Since news of FTX's liquidity issues broke on Tuesday morning, Solana has lost over half of its value—about 57%. Now key founders of the blockchain network are attempting to salvage fading enthusiasm around the space as the ecosystem suddenly finds itself embroiled in crisis." - Decrypt

Watcher.Guru @WatcherGuru

JUST IN: Crypto․com suspends $USDT & $USDC deposits and withdrawals on the #Solana chain.

That Martini Guy ₿ @MartiniGuyYT

WARNING ⚠️ IN LESS THAN 20 HOURS NEARLY $360,000,000 OF #SOLANA WILL BE UNSTAKED AND PRESUMABLY SOLD ON THE MARKETS SOLANA COULD GO TO $0

Binance pulls out of FTX deal, FTX files for bankruptcy

"Binance has scrapped its letter of intent to buy rival crypto exchange FTX, according to a Binance spokesperson."

Binance @binance

As a result of corporate due diligence, as well as the latest news reports regarding mishandled customer funds and alleged US agency investigations, we have decided that we will not pursue the potential acquisition of FTX.com.

FTX Files for bankruptcy

FTX @FTX_Official

Press Release

Instagram’s 1st Digital Collectible drop sells out in seconds

Instagram launched its first drop featuring creators @amber_vittoria, @driftershoots, and @nftsarabaumann

Sparky ⚡️ @NFTSaraBaumann

It was SO special to me to launch alongside one of my best friends and one of the absolute best artists in the space, @amber_vittoria Make sure to follow my IG: instagram.com/nftsarabaumann/ Thank you for collecting. ♥️

instagram.comUpdate Your Browser | Facebook

Chris | Mladek.eth @mladek_eth

In Other News Amongst the chaos, you missed @instagram launch its first drop ever. It featured creators @amber_vittoria , @DrifterShoots, and @NFTSaraBaumann It sold out immediately.

Opensea Updates on creator royalties

Opensea in a thread on Twitter announcement says they will continue to enforce creator royalty fees on all existing collections after having open-ended discussions with creators for several days.

Many believe this is very positive for Opensea, showing leadership by putting creators first

OpenSea @opensea

UPDATE: We will continue to enforce creator fees on all existing collections. 🧵⬇️

NFTstatistics.eth @punk9059

A 🧵on OpenSea's royalty decision: 1) This was a huge surprise & brave move. OS is risking market share which is already down (see chart) to defend royalties Every other marketplace in ETH AND SOL has shown they care more about market share than defending creators 1/7 👇

This Weeks Thread

Chris | Mladek.eth @mladek_eth

You do NOT want miss the current opportunity in Web3 Last week I closed a sale to educate a small business It took me 15 minutes to convince him Here are the facts about your opportunity