Bored Ape Yacht Club (BAYC) NFTs: Why is the Floor Price Hitting a Two-Year Low?

Three Arrows Capital Kyle Davies Will Donate Open Exchange Earnings to Creditors for “Good Karma” ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ Market Activity Total Market Cap $1.19T (-2.01%) 24 Hour Volume $29.88B (-18.90%) Notable Movers[(ENJ) $0.3217]( (+2.14%) Notable Movers (DeFi)[(ANKR) $0.02541]( (+7.82%) Bitcoin Dominance 49.63% [(+0.07%)]( Bitcoin Price[(BTC) $30,382.26 (-2.22%)]( Ethereum Price[(ETH) $1,912.90 (-2.43%)]( Cardano Price[(ADA) $0.2867 (-3.29%)]( Today’s Top Stories [Gemini co-founder Cameron Winklevoss Demands $1.5B From Digital Currency Group]( Cameron Winklevoss has proposed a final offer for debt-restructuring talks with bankrupt crypto lender Genesis, outlining a plan for forbearance payments and fresh loans. Winklevoss accuses Digital Currency Group (DCG) of holding up the repayment plan and warns of potential legal action if there is no resolution by a specified deadline. [Three Arrows Capital Kyle Davies Will Donate Open Exchange Earnings to Creditors for “Good Karma”]( Kyle Davies and Su Zhu, co-founders of collapsed hedge fund Three Arrows Capital (3AC), have pledged to return a portion of the profits from their new cryptocurrency venture, Open Exchange (OX), to investors who suffered losses in the 3AC failure. Davies mentioned a "shadow recovery process" during a Twitter Space discussion, indicating their intention to contribute funds to creditors under specific conditions. [Knockoffs of Popular Memecoins like PEPE 2.0 Surged Over 1000%, Attracting Memecoin Traders]( Traders and speculators in the memecoin market are placing their bets on microcap tokens that claim to be the next big thing in the memecoin space. Tokens like PEPE 2.0, FLOKI 2.0, and BOBO 2.0 have experienced significant trading volumes and attracted substantial liquidity, offering the potential for substantial returns. [Blue Chip NFT Bored Ape Yacht Club (BAYC) Floor Price Declines to Two Year Low]( The floor price of the Bored Ape Yacht Club (BAYC) NFT collection dipped below 30 ETH, marking the lowest point in several months. The decrease in average prices could be attributed to the broader decline in the NFT market, with the BAYC floor price currently trading slightly above the 30 ETH level. [Chinese City Jinan Adopts CBDC Payments in Entire Bus Network]( The city of Jinan in China's Shandong Province has implemented digital yuan payments on its bus routes, following successful trials on two routes. To facilitate the usage of the central bank digital currency (CBDC), the city has upgraded its card readers and software, and is incentivizing riders with fare discounts. China's adoption of the digital yuan extends beyond domestic use, with efforts to promote its usage in international trade and partnerships with global banks. [Read The Full Newsletter]( Join us - in a few hours - for an engaging event where we will explore the impact of Bitcoin ETFs, navigate the landscape of US vs World crypto regulation, unravel the phenomenon of Memecoins & NFTs, gain insights into qualifying for Airdrops, and discover four coins that outshine $ETH. Don't miss out on this great opportunity to expand your knowledge and connect with fellow enthusiasts. Date: Wednesday 5, July Time: 9PM UTC [Set Reminder]( [5 Ways Projects Can Strengthen Their Communities During a Bear Market]( 5 Ways Projects Can Strengthen Their Communities During a Bear Market Op-Ed: Bear market goals should focus on keeping your community engaged and informed, being a beacon for support and relationships. [Read More]( Thanks for reading! Have a great day — more news tomorrow! [Facebook]( [Twitter]( [Instagram]( [Telegram]( Was this email forwarded to you? [Sign up here](. WANT MORE CRYPTO BITES? [Sign up here]( for Daily Newsletters, Promotions and Events and Prices [ADVERTISE]( | [CAREERS]( | [FAQ]( © 2023 CoinMarketCap [Unsubscribe]( [coinmarketcap.com]( CoinMarketCap OpCo LLC, 8 The Green, STE 6703, Dover, Delaware 19901, United States