Daily Market Update 10/04

In Today’s Market Update, We Cover Diesel x Fossil Group Collab, Community Requests Satoshi Account Banned, SEC’s Ripple Appeal Denied, Ledger x Sotheby’s Collab, and More.

Author

Jake
October 04, 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

Diesel collaborates with Fossil Group to reveal Vert, a watch blending the digital and physical realms

Judge denies the SEC’s motion to file an appeal against the Ripple ruling

Sam Trabucco, Anthony Scaramucci may be called to testify in SBF’s trial

Community has asked Elon to remove the X account under the name Satoshi

Ledger and Sotheby’s partner to offer exclusive benefits to digital art collectors on the platform

Prosecutors reveal SBF was never offered a plea deal

NFT Market Recap

💰️ Notable Sales:

🎉 Notable Mints:

Noble Gallery Factions

We’re coming in hot with the launch of Noble Gallery Factions! You’ve likely seen Artifaction tease this on Twitter for months. It is a concept he’s built in his mind over many years, which can finally come to life through the Noble Gallery ecosystem.

app.mintify.xyz/collection/noble-gallery-factions

Hayden Clay: ‘Suburbs’ on Transient Labs

I grew up in the suburbs and then moved to New York City as an adult. This change in environment made me reflect on my childhood; I felt nostalgia for those manicured green lawns, but at the same time, I also realized just how weird suburbs are.

app.mintify.xyz/collection/hayden-clay-suburbs-on-transient-labs

Entropy by Billy Restey

Studying the relationship between the physical and the digital.. for this piece, I used code to string together an image sequence of 4 inscriptions recursively that loop in eternity on Bitcoin..

app.mintify.xyz/collection/entropy-by-billy-restey

⬆️ Top by Volume:
⬆️ Top by Sales:
🪅 Biggest Winners:
⛓️ NFT Vol. by Blockchain:

  • ETH: $4.6M (1% ▲)

  • BTC: $174k (8% ▽)

  • SOL: $1.5M (79% ▲)

  • MATIC: $606k (4% ▽)

  • ZORA: $1.9k (66% ▲)

🪙 Top Tokens:

  • BTC: $27,563 (0.3% ▲)

  • ETH: $1,644 (0.8% ▽)

  • BNB: $212 (0.6% ▽)

  • XRP: $0.533 (4.6% ▲)

  • SOL: $23.38 (3.6% ▽)

📊 Market Stats:

  • Global Crypto Market Cap: $1.09T

  • BTC Dominance: 50.5%

  • BTC OI: $8.08B

  • Fear & Greed: 49

💹 Indices (Futures):

  • DOW: $33,249 (0.1% ▲)

  • S&P500: $4,274 (0.2% ▲)

  • NASDAQ: $14,771 (0.4% ▲)

  • FTSE100: $9,039 (0.3% ▽)

  • HSI: $2,211 (0.4% ▲)

Other News

Web3

  • Ledger and Sotheby’s partner to offer exclusive benefits to digital art collectors on the platform

  • Diesel collaborates with Fossil Group to reveal Vert, a watch blending the digital and physical realms

  • Memeland announces the closure of $MEME waitlist code submissions as the project prepares to launch its ecosystem token

  • Axie Infinity reveals balancing changes for Origins Season 6

  • OpenSea releases the OpenSea Studio, allowing creators to manage and launch collections directly on the platform

  • Crypto community has asked Elon to remove the X account under the name Satoshi, claiming it is breaching the platform’s ToS regarding “misleading and deceptive” identities

  • Orbiter Finance disputes rug pull allegations, saying Discord blocked its account

Blockchain

  • OP Labs launches fault proofs on the OP Goerli Testnet

  • Ecosystem developers bring Bitcoin to Cosmos, enabling users to transfer Bitcoin to the network via Osmosis' Nomic bridge

  • LayerZero Labs partners with Conflux Network, China’s regulatory-compliant public blockchain, to infuse omnichain capabilities into China Telecom’s blockchain-based SIM card

  • Star Atlas creator, ATMTA, opens access to its developer tools and documentation on the Solana blockchain

  • Helium Wireless announces the release of at-home hotspots for Miami residents

Finance

  • TMX Group, the largest Canadian exchange, will introduce Bitcoin futures trading

Government

  • Euro area central banks will set out plans for a wholesale CBDC in the coming weeks to serve financial institutions

  • BIS, EU central banks are building a data platform to track the international flow of cryptocurrencies

  • Bank of Korea plans a CBDC infrastructure pilot; BIS will provide expert technical support

  • British Treasury hopes to launch a Digital Securities Sandbox by the end of Q1, 2024

  • Head of Portugal central bank deems crypto unsustainable without a global regulatory framework

  • Binance collaborated with the Royal Thai Police to seize $277M from scammers

  • US Treasury sanctions wallets that "received millions of USD funds over hundreds of deposits" used for illicit drugs, specifically fentanyl

  • SEC argues Coinbase’s attempt to end its lawsuit should be rejected

Business

  • Ripple secures a digital payment tokens license in Singapore

  • Binance will shut down $BUSD borrowing and lending by Oct. 25

  • Yield Protocol announces it will wind down operations; borrowing and lending will cease in Dec. 2023

  • Michael Lewis’ book “Going Infinite” explains how SBF extended his employees’ $SRM lockup period in order to prevent them from selling into eye-watering gains and slacking off at his company

  • Michael Lewis’ book “Going Infinite” notes Jump Trading as one of FTX’s top creditors with a loss of nearly $300M in immovable funds

Legal

  • Judge denies the SEC’s motion to file an appeal against the Ripple ruling, claiming the regulator did not show there were substantial grounds for difference of opinion

  • NY court sets the criminal trial for former Celsius CEO to Sept. 27, 2024

  • SBF’s legal team requests the court block certain witnesses offering testimony on how they thought FTX would protect their assets

  • Former CEO of Alameda Research, Sam Trabucco, and close friend Anthony Scaramucci may be called to testify in SBF’s trial

  • Prosecutors reveal SBF was never offered a plea deal

  • DOJ filed a motion claiming the lack of crypto regulations in the US is no bar to the criminal charges made against SBF in response to SBF’s argument that FTX was not regulated in the US

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