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Top 10 NFTs By Weekly Sales Volume – Benzinga – Benzinga

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The non fungible token (NFT) market has seen a drop in sales volume on OpenSea, an NFT marketplace for buying and selling items.
The highly anticipated Coinbase Global Inc COIN NFT marketplace had a slow start but could be bringing more people into the sector.
The declining price of cryptocurrencies, including Ethereum ETH/USD, continues to be a big story in the world of NFTs.
Every week, Benzinga looks at the top 10 NFT projects by sales volume, as reported by CryptoSlam.
Here are the top 10 NFT projects for the past week by sales volume.
Bored Ape Yacht Club: $11.8 million, -8.3%
Otherdeed for Otherside: $8.9 million, +32.7%
CryptoPunks: $7.2 million, -68.3%%
Mutant Ape Yacht Club: $5.6 million, +4.9%
Moonrunners: $4.4 million, +7.7%
Sorare: $4.3 million, +14.1%
Doodles: $3.4 million, -46.4%
WizNFT: $3.3 million, N/A
CloneX: $3.1 million, +0.5%
Moonbirds: $2.6 million, +9.9%
Related Link: How To Buy NFTs 
What Happened: Bored Ape Yacht Club topped the sales volume list once again and was the only collection that had a sales volume of $10 million or more.
Otherdeed for Otherside moved to second place from last week’s third-place finish. The move comes as an announcement said July 16 will be the first trip for holders of the NFT collection from Yuga Labs.
Calling all Voyagers! Are you free for the First Trip on July 16th? Head to the official Otherside discord to answer a 2-question survey to help us with the headcount. Excited for you to explore, give feedback, and help us make the Otherside everything you want it to be.
Six of the top ten names on the list were carryovers from last week. CloneX and Moonbirds, which fell out of the top ten last week, re-entered the list to rank ninth and tenth, respectively.
New to the top ten was Moonrunners, a new NFT mint in late June that has no Discord and no roadmap and follows a recent trend of projects.
Outside the top ten, Primate Academy, Degen Degen, and CopeTown ranked in the top 20 and carried on the recent trend of Solana SOL/USD based NFT collections falling into the 10 to 20 range by sales volume.
NBA Top Shot ranked 16th with a 50% increase in sales volume.
Photo via mundissima on Shutterstock
Visit Benzinga’s Crypto Homepage1,000,000+ depend on Benzinga Crypto every month
© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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FASB Excludes NFTs, Some Stablecoins From Crypto Accounting Project – The Wall Street Journal

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Michael Saylor can't stop: MicroStrategy now holds 130,000 Bitcoin – Cointelegraph

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MicroStrategy bought an additional 301 BTC for $6 million at an average price of $19,851, the company’s executive chairman announced on Twitter.
MicroStrategy now owns 0.62% of all the Bitcoin (BTC) that will ever be mined. The company’s executive chairman, Michael Saylor, announced that the company bought another 301 BTC for roughly $6 million at an average price of $19,851 per BTC. 
In sum, the company is one of the planet’s largest holders of the asset, owning 130,000 BTC. Apparently, Saylor likes round numbers, buying 301 BTC to reach the 130,000 milestone. 
MicroStrategy has purchased an additional 301 bitcoins for ~$6.0 million at an average price of ~$19,851 per #bitcoin. As of 9/19/22 @MicroStrategy holds ~130,000 bitcoins acquired for ~$3.98 billion at an average price of ~$30,639 per bitcoin.https://t.co/5kYW98ij4I
Due to plunging price action, the company’s investment is down substantially in U.S. dollar terms. MicroStrategy’s entry price is roughly $30,639 per BTC, and the Securities and Exchange Commission filing states that the firm has bought 130,000 BTC at an aggregate purchase price of approximately $3.98 billion.
If MicroStrategy started stacking sats (buying Bitcoin) at today’s prices, it would have spent $2.48 billion on 130,000 BTC. Saylor is currently at a paper loss of over a billion dollars.
According to the SEC filing, the company made the purchase with “excess cash.” Saylor recently stepped down as CEO of the company to focus on buying more Bitcoin, while Washington, DC has taken aim at the billionaire in a tax evasion lawsuit.
Bitcoin enthusiasts were quick to commend Saylor’s buy. Referred to as the “Chad” or “Gigachad,” Saylor’s conviction and commitment to buying Bitcoin despite the investment being underwater has garnered both a devout following and numerous critics.
Related: Bitcoin better than physical property for regular folks, says Michael Saylor
Other large wallet addresses include that of crypto exchange Bitfinex, which holds 170,000 BTC, and a Binance reserve wallet that holds 125,000 BTC. Binance is the world’s largest crypto exchange and has several wallets holding six figures of Bitcoin. Regarding individuals, Saylor has stated that he holds Bitcoin, and FTX CEO Sam Bankman-Fried and Binance CEO Changpeng Zhao are also “hodlers” — a meme that became popular jargon for holding crypto.

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NFT Collections Will Be Regulated Like Cryptocurrencies Under EU’s MiCA Law, Official Says – CoinDesk

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