Daily Market Update 10/02

Top Stories

NFT Market Recap

💰️ Notable Sales:

• 58 Ξ CryptoPunks #1101

• 38 Ξ BAYC #38

• 11.5 Ξ Opepen Edition #6824

🎉 Notable Mints:

⬆️ Top by Volume:

• BAYC, floor of 26.6 Ξ (10% ▲)

• MAYC, floor of 4.97 Ξ (2% ▲)

• Otherside Vessels, floor of 0.19 Ξ (1% ▲)

⬆️ Top by Sales:

• Deadmigos, floor of 0.01 Ξ (4% ▽)

• Sugartown Oras, floor of 0.28 Ξ (13% ▲)

• FEWOCiOUS X FewoWorld: Fewos, floor of 0.14 Ξ (22% ▲)

🪅 Biggest Winners:

• NFArcade Pass, floor of 0.15 Ξ (181% ▲)

• Kitaro World, floor of 0.11 Ξ (45% ▲)

• Velocity Series: Velocity Pass, floor of 1.86 Ξ (43% ▲)

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

• Rio de Janeiro, Goiás, and Paraná will be the first states to issue on-chain identification documents as Brazil prepares to roll out its blockchain-based national identity program

• National Bank of Georgia is preparing a limited live CBDC pilot with Ripple Labs and nine other companies

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

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