Daily Market Update 08/01

In Today’s Market Update, We Cover SEC Suing Richard Heart, CryptoDickButts Project Handover, BALD Token Linked to SBF, Yuga Acquires Roar Studios, and More.

Author

Jake
August 01, 2023

Your daily crypto and NFT recap brought to you every morning by the Mintify team. Questions or feedback? Feel free to email us at [email protected].

Our Pick of Today’s Top News Articles

SEC sues Richard Heart for alleged unregistered securities offerings

BALD token rug pull reportedly linked to SBF and Alameda

CryptoDickButts reveals largest holder will receive project ownership

Yuga Labs acquires Roar Studios to accelerate its vision for the Otherside

NFT Market Recap

💰️ Notable Sales:
🎉 Notable Mints:

Starbucks Odyssey: The Green Apron Collection

The Green Apron is at the center of every Starbucks experience, and the people who wear it have been–and will always be–the soul of the brand. This collection captures that soul that has remained intact through each evolution of the apron. From the original Pike Place apron to the Siren apron you see today, this […]

app.mintify.xyz/collection/starbucks-odyssey-the-green-apron-collection

Etihad: Mission Impossible Livery Collection

Etihad Airways X Mission Impossible Livery is an upcoming collection of ultra-limited 300 NFTs on the Polygon network, created by Etihad Airways and Arcube. The primary minters of the NFT will enjoy exclusive perks like Etihad Guest Silver status, granting access to privileges such as lounge access in Abu Dhabi, priority check-in, extra luggage and […]

app.mintify.xyz/collection/etihad-nft

HAAS x RENGA Racing

We’re thrilled to announce the Haas x RENGA Racing partnership, a groundbreaking collaboration between the MoneyGram Haas F1 Team and RENGA. This partnership is where the adrenaline-fueled world of professional motorsports collides with the innovative realm of blockchain technology and premium digital art. However – It’s more than just art; it’s a dynamic representation of […]

app.mintify.xyz/collection/haas-x-renga

LVCIDIA//: EXPERIENCE 02 Bridging Realities by Javin Art

The first artwork of “Bridging Realities”—titled Nightdrive—reflects Jarvinart at her best.

Building upon her dystopian cyberpunk influences, the work portrays a neon-lit commercial district at the lowest level of the city.

The atmosphere is palpable. A heavy haze rolls through the towering buildings, giving every light an entrancing flare.

app.mintify.xyz/collection/lvcidia-experience-02

What The Font by DeeKay

I am announcing an Edition drop for ‘What The Font’.

It will be 50 editions, and I will have a premint raffle for you guys to enter.

40 spots DeeKay holders (mint price: .35eth)
30 spots for @LetsWalk Frens and @Edition Frens🖼 (multiplier on)
10 spots for @Collab Frens🖼 (multiplier off)

app.mintify.xyz/collection/what-the-font-by-deekay

🔊 Top by Volume:
💨 Top by Sales:
🫰 Biggest Winners:
⛓️ NFT Volume by Blockchain:

  • ETH: $12.27M (65% ▲)

  • BTC: $581k (21% ▲)

  • SOL: $1.03M (37% ▲)

  • MATIC: $1.02M (6% ▽)

🪙 Top Tokens:

  • BTC: $28,860 (1.6% ▽)

  • ETH: $1,832 (1.7% ▽)

  • BNB: $244 (2.9% ▲)

  • XRP: $0.69 (2.2% ▽)

  • DOGE: $0.076 (0.03% ▲)

📊 Market Stats:

  • Global Crypto Market Cap: $1.17T

  • BTC Dominance: 49.81%

  • BTC OI: $9.85B

  • Fear & Greed: 53

💹 Indices:

  • DOW: $35,644 (0.2% ▲)

  • S&P500: $4,579 (0.2% ▽)

  • NASDAQ: $14,268 (0.5% ▽)

In other news…

📰 Top Headlines:
Web3

  • The Etihad Airways "Horizon Club" Web3 loyalty program will let users stake NFTs for miles

  • Yuga Labs acquires Roar Studios to accelerate its vision for the Otherside

  • Knights of Degen community $DGEN token claim will run until Nov 1

  • PROOF launches Grails IV featuring 20 artists

  • CryptoDickButts launches Series 4 and reveals largest holder will receive project ownership

Blockchain

  • BALD token rug pull reportedly linked to SBF and Alameda

  • Pair of researchers developed a Web3-based verification-as-a-service model for determining and recording the authenticity of cultural artifacts

Finance

  • Justin Sun supports price and potentially protects Curve founder's loan from liquidation

Government

  • IRS's latest tax guidance states staking rewards become taxable once the "taxpayer gains dominion and control over the validation rewards"

  • Japan Blockchain Association insists on revision of the national tax on digital assets

  • House Financial Committee passes stablecoin bill with bipartisan support

  • Coinbase CEO Brian Armstrong reveals SEC wanted the exchange to delist everything other than BTC

Business

  • DCG says it's close to resolving the Genesis Capital Chapter 11 bankruptcy

  • Tether reports $3.3B in excess reserves, $1.67B $BTC, and $72.5B of exposure to U.S. Treasuries

  • WisdomTree will leave “no stone unturned” in its Prime app's “ambitious product roadmap”

  • The Human Rights Foundation offers a 20 BTC reward for a new bug bounty

Legal

  • Judge denies Terraform Labs' motion to dismiss its lawsuit based on Ripple ruling

  • Fed prosecutors seek to revoke SBF’s $250M bond

  • Embattled U.S. Rep. George Santos's political and business intermingling highlighted

  • SEC sues Richard Heart for unregistered securities offerings

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