NFT Market Update - 1st July, 2022

The IRS is reportedly delaying crypto tax collection on digital assets until next January so crypto firms can begin tracking their customers’ capital gains and losses. released new features which give real-time overview of ongoing mints. Users can mint on Gem’s website, follow mint volume, see notable wallets, and watch mint volume.

CNBC reported FTX is close to buying embattled crypto lender BlockFi for $25 million in a fire sale.

The DOJ announced charges against Baller Ape Club for a ‘rug pull’; this is the second time the DOJ has gone after a NFT “rug pull’ project.