Daily Market Update 10/02

In Today’s Market Update, We Cover Amazon’s Newest Free NFTs, the 10-Year Anniversary of Ross Ulbricht’s Sentence, MoMA Embracing Web3, SBF’s Trial Calendar, and More.

Your #1 NFT, Crypto, and FinTech News Aggregator. Curated daily by our in-house team of analysts. Listen to our podcast on Spotify or Apple Music.

Top Stories

Amazon rolls out the third monthly pack of free Mojo Melee NFTs and in-game currency

Museum of Modern Art (MoMA) will launch a special collection of 15 artist-designed postcards on Oct. 3

House passes a 45-day funding bill that likely avoids a shutdown

Web3 remembers the 10-year anniversary of Silk Road founder Ross Ulbricht’s double life sentence in prison

Public court docket published a newly released calendar for SBF’s trial

OpenAI silently integrated DALL-E 3 AI image generation in Bing

NFT Market Recap

💰️ Notable Sales:
🎉 Notable Mints:
⬆️ Top by Volume:
⬆️ Top by Sales:

🪅 Biggest Winners:

⛓️ NFT Vol. by Blockchain (7D):
  • ETH: $38.7M (3% ▲)

  • BTC: $2M (51% ▽)

  • SOL: $6.02M (27% ▽)

  • MATIC: $6.4M (34% ▽)

  • ZORA: $14.6k (29% ▲)

🪙 Top Tokens:
  • BTC: $28,434 (4.6% ▲)

  • ETH: $1,727 (2.5% ▲)

  • BNB: $218 (1.6% ▲)

  • XRP: $0.523 (0.5% ▲)

  • SOL: $23.97 (3.3% ▲)

📊 Market Stats:
  • Global Crypto Market Cap: $1.12T

  • BTC Dominance: 50.56%

  • BTC OI: $8.15B

  • Fear & Greed: 50

💹 Indices (Futures):
  • DOW: $33,694 (0.1% ▽)

  • S&P500: $4,324 (0.03% ▽)

  • NASDAQ: $14,919 (0.4% ▲)

  • FTSE100: $9,250 (0.6% ▽)

  • HSI: $2,267 (0.8% ▽)

Other News

Web3
  • Amazon rolls out the third monthly pack of free Mojo Melee NFTs and in-game currency for Prime subscribers

  • Museum of Modern Art (MoMA) will launch a special collection of 15 artist-designed postcards on Oct. 3

  • Cool Cats initiates Round 2 of the Eternals Reveal

  • PROOF partners with Pace Gallery to bring Joy Division and Peter Saville to the blockchain on Oct. 9 and Oct. 11

  • VeeFriends partners with Gregorys Coffee to release Pumpkin Chai Lattes at all Gregorys Coffee locations throughout Oct.

  • Milady’s continue their descent as founders trade accusations in dueling lawsuits

  • Web3 remembers the 10-year anniversary of Silk Road founder Ross Ulbricht’s double life sentence in prison

  • ESET researchers reveal findings that the North Korean hacking collective, the Lazarus Group, is using a new “sophisticated” malware that is far more difficult to detect than its predecessor

Blockchain
  • ETH inflation rises for the first time since the Merge as network activity slows down and transaction fees drop

  • Polygon welcomes Google Cloud as a validator on the network

  • Circle launches its Perimeter Protocol smart contract codebase aiming to serve as an open-source foundation for tokenized credit markets

  • Solana’s TVL makes new ATHs for this year at $338.8M

  • Friend.tech revenue surges over 10k ETH as TVL breaches 30k ETH

Finance
  • OpenTrade rolls out a tokenized US Treasury bill pool for individual accredited investors, regulated institutions, companies, funds, and DAOs

  • FTX exploiter observed by Arkham Intelligence moving $8M of assets for the first time since last year

  • Bitwise’s ETH ETF will launch today, Oct. 2

  • Grayscale seeks to convert its ETH Trust to a Spot ETH ETF

  • $200M in $AXS, $OP, and $APT tokens will unlock this month

  • Bitcoin’s 2-month high triggered $100M in short position liquidations

Artificial Intelligence
  • Microsoft is forming a nuclear power team to advance its AI plans with Small Modular Reactors and microreactors

  • OpenAI silently integrated DALL-E 3 AI image generation in Bing

  • Mistral AI, a new open-source LLM, aims to deliver a fusion of power and accessibility while providing an alternative to ChatGPT, Claude AI, and Google Bard

  • Supermodel Naomi Campbell walked the Parison Fashion Week runway on Friday sporting the Humane AI pin, which the company set a Nov. 9 date for its official unveiling

  • Scientists from Quantinuum, research institute QuTech, and the University of Stuttgart achieved a crucial milestone of implementing a quantum error correction

Government
Business
  • VanEck announces it will donate 10% of all ETH ETF profits to core devs

  • Michael Lewis claims SBF looked into paying Trump $5B not to run for president

  • Coinbase has secured a payment institution license in Singapore

  • VC firm Paradigm criticized the SEC for bypassing standard rulemaking procedures in its legal action against Binance

Legal
  • Do Kwon dismisses Slack chat discussions surrounding transaction manipulation to attract investors as taken out of context

  • Co-founder of the defunct 3AC hedge fund, Su Zhu, has been arrested in Singapore after attempting to leave the country

  • SEC alleges FTX’s former auditor, Prager Metis, committed hundreds of violations related to auditor independence

  • Public court docket published a newly released calendar for SBF’s trial

  • Legal experts say SBF has a few potential pathways to acquittal

  • Judge Lewis Kaplan says SBF cannot blame FTX’s lawyers for its collapse or operations in his opening statements

  • Federal prosecutors want to call former FTX customers, investors, and employees in its upcoming trial against SBF

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