Daily Market Update 10/03

In Today’s Market Update, We Cover Adidas X Moncler Collab, Key Witnesses in SBF’s Trial, Federal Reserve Reports on Silvergate Collapse, Celebrities Warn of AI Deepfakes, and More.

Author

Jake
October 03, 2023

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

Adidas and Moncler reveal “The Art of Explorers," featuring “AI-generated adventurers” and limited NFTs

Federal Reserve blames Silvergate's collapse on an overreliance on crypto clients and nepotism

Key witnesses in SBF’s trial include Caroline Ellison, Gary Wang, Nishad Singh, and more

Tom Hanks and Zelda Williams warn fans about AI deepfakes, and strange product endorsements

NFT Market Recap

💰️ Notable Sales:
🎉 Notable Mints:

MoMA Postcard

A shared experience designed to enable community building on a global scale, the MoMA Postcard project invites you to collaborate with others in the creation of limited-edition postcards.

app.mintify.xyz/collection/moma-postcard

The World’s Largest

You wouldn’t believe this is a venture-backed startup! A brand within a brand. A world within a world. A test subject within you. ‘If you mint a frame, you will earn points through our on-chain rewards program.

app.mintify.xyz/collection/the-worlds-largest

‘Ephemeral Visions’ Exhibition on AOTM

AOTM is pleased to announce a new curation titled, ‘Ephemeral Visions: Exploring Transience through Art.’ Taking place on October 3rd, the ‘Ephemeral Visions’ auction features 18 international artists exploring the concept of impermanence through contemporary digital art.

app.mintify.xyz/collection/ephemeral-visions-exhibition-on-aotm

Clare Maguire: ‘The Silent Watch’ on Foundation

“The Silent Watch” transcends traditional boundaries to epitomize the fiery spirit of freedom of expression, encapsulated in the poised and commanding presence of the woman in red. With themes of beauty, individuality, and the unyielding human spirit.

app.mintify.xyz/collection/clare-maguire-the-silent-watch-on-foundation

⬆️ Top by Volume:
⬆️ Top by Sales:

🪅 Biggest Winners:

⛓️ NFT Vol. by Blockchain:

  • ETH: $4.6M (23% ▽)

  • BTC: $163k (11% ▽)

  • SOL: $895k (9% ▲)

  • MATIC: $599k (3% ▲)

  • ZORA: $1.1k (43% ▽)

🪙 Top Tokens:

  • BTC: $27,488 (2.7% ▽)

  • ETH: $1,652 (4.4% ▽)

  • BNB: $213 (2.6% ▽)

  • XRP: $0.509 (2.4% ▽)

  • SOL: $23.89 (0%)

📊 Market Stats:

  • Global Crypto Market Cap: $1.09T

  • BTC Dominance: 50.40%

  • BTC OI: $8.08B

  • Fear & Greed: 50

💹 Indices (Futures):

  • DOW: $33,488 (0.5% ▽)

  • S&P500: $4,301 (0.5% ▽)

  • NASDAQ: $14,886 (0.7% ▽)

  • FTSE100: $9,101 (1.2% ▽)

  • HSI: $2,209 (0.3% ▽)

Other News

Web3

  • Adidas collabs with outerwear brand Moncler to reveal “The Art of Explorers," featuring “AI-generated adventurers” alongside an immersive digital experience and limited edition NFTs

  • Friend.tech users are being targeted by SIM swap attacks

Blockchain

  • UBS Asset Management launches its inaugural live pilot of a tokenized Variable Capital Company fund, leveraging its in-house service, UBS Tokenize, for a controlled pilot of a tokenized money market fund

  • Chainlink launches Data Streams designed to “unlock a new generation of ultra-fast and user-friendly derivatives products”

  • ZeroSync has deployed a system based on zero-knowledge proofs for the Bitcoin network, facilitating the validation of the network’s state without having to download the entire blockchain

Finance

  • Deus X Capital, a family office-backed investment firm, launched yesterday with Tim Grant as CEO and $1B in assets

  • Bankrupt CeFi firm Haru Invest hints at asset recovery but has not provided a specific timeline as to when users can expect their assets

  • Bitfarms is selling some of its mined Bitcoin to scale operations leading into the next halving; the company announced its mined Bitcoin is up 7.3% month-over-month

  • friend.tech boom is responsible for over 21% of Base transaction fees

Artificial Intelligence

  • Trio of scientists from the University of North Carolina, Chapel Hill, recently published AI research showcasing how difficult it is to remove sensitive data from LLMs like ChatGPT and Bard

  • Tom Hanks and Zelda Williams warn fans about the publication of AI deepfakes, AI-generated videos, and strange product endorsements

  • Samsung partners with Tenstorrent to produce chips and IP for data centers to bring the “next generation of AI chiplets to market”

Government

  • CFTC chair Rostin Behnam said one-third of the agency’s enforcement actions for digital assets took place this year

  • Federal Reserve blames Silvergate's collapse on an overreliance on crypto clients and nepotism

  • Kenyan parliamentary committee tasked with investigating Worldcoin recommends regulators shut down the project’s operations in the country

  • Spanish court officially ruled the death of John McAfee a suicide

Business

  • Volatility Shares canceled its ETH futures ETF launch citing changes in the market, but the company still plans to launch one in the future

  • Elon live-streamed himself playing Diablo IV to show off the company’s new studio feature for Premium users

  • Crypto liquidity provider GSR secures regulatory approval to provide crypto and fiat-related services in Singapore

  • Paris Hilton collabs with X to bring a variety of content to the platform, including live shopping, livestreams, video content, and spaces

Legal

  • Investors behind the class-action lawsuit against Terraform Labs and Do Kwon have dropped the case without explicitly stating why

  • Class-action lawsuit filed against Binance and CEO Changpeng Zhao on Monday alleges various violations of federal and California law that led to the collapse of its competitor FTX

  • SBF’s defense team asks for clarity about whether it can argue that FTX was not regulated in the US, if he can mention his charitable giving and philanthropy, and more

  • Key DOJ witnesses in SBF’s trial include Caroline Ellison, Gary Wang, Nishad Singh, Andria van der Merwe, and Peter Easton

  • SBF seeks to block prosecutors from calling FTX investors and former insiders as witnesses

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