Daily Market Update 10/06

In Today’s Market Update, We Cover Yuga’s Strategic Hadean Investment, Mythical Games Launching Nitro Nation World Tour, friend.tech Updates Security Features, Stars Arena Patches an Exploit, and More.

Author

Jake
October 06, 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

Yuga Labs announces its strategic investment in Hadean, which will help bring the Otherside to life

Friend.tech adds features to update login methods on personal accounts

Lucky Taiwanese crypto trader’s 6-cent fee won them $310k

Mythical Games launches Nitro Nation World Tour, a F2P mobile drag racing game

Stars Arena patched an exploit after attackers drained funds

Yedidia testifies that “Alameda had used customer deposits to pay its loans”

NFT Market Recap

💰️ Notable Sales:
🎉 Notable Mints:

OSF: ‘The Surprise (my local pub)’ on Foundation

This piece and others will be exhibited at the saatchi_gallery’s first crypto art show next week. The show will be curated by ihamnft’s own, @bygrida! My local pub. Exhibited at the Saatchi Gallery in London, October 2023. Starting Price 6.9ETH, resting price 0.69ETH. 1 hour auction.

app.mintify.xyz/collection/osf-the-surprise-my-local-pub-on-foundation

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

  • ETH: $4.7M (14% ▽)

  • BTC: $198k (10% ▲)

  • SOL: $1M (1% ▲)

  • MATIC: $631k (27% ▽)

  • ZORA: $1.3k (25% ▽)

🪙 Top Tokens:

  • BTC: $27,253 (1.7% ▽)

  • ETH: $1,614 (1.2% ▽)

  • BNB: $210 (0.7% ▽)

  • XRP: $0.518 (0.8% ▽)

  • SOL: $22.8 (1.9% ▽)

📊 Market Stats:

  • Global Crypto Market Cap: $1.08T

  • BTC Dominance: 50.49%

  • BTC OI: $8.38B

  • Fear & Greed: 50

💹 Indices (Futures):

  • DOW: $33,085 (0.7% ▽)

  • S&P500: $4,249 (1% ▽)

  • NASDAQ: $14,681 (1.2% ▽)

  • FTSE100: $9,127 (0.5% ▲)

  • HSI: $2,228 (0.6% ▽)

Other News

Web3

  • Mythical Games launches Nitro Nation World Tour, a F2P mobile drag racing game with optional licensed car NFTs from brands like McLaren, Aston Martin, and Jaguar

  • Yuga Labs announces its strategic investment in Hadean, a spatial computing startup which will help bring the Otherside to life

  • Pudgy Penguins toys are now in all Smyths Toy Stores across the UK

  • Pudgy Penguins teases a collab with Last Crumb luxury cookies

  • Bitwise Blue-Chip NFT Index Fund picked up a Pudgy Penguin as the collection entered the top 10 index last week

  • Avant Arte launches a time-limited physical CryptoPunk print

  • Friend.tech adds features to update login methods on personal accounts after SIM swappers drain hundreds of ETH

  • Stars Arena patched an exploit after attackers drained funds

Blockchain

  • Blockticity, a startup providing certificates of authenticity via blockchain, minted certifications for $275M in products on AVAX; first round of minting includes hemp, psychedelic mushrooms, and kratom for U.S. hemp and cannabis lab, ACS Laboratory

  • Wirex launches a ZK-proof-based noncustodial crypto debit card built on Polygon’s CDK, promising increased scalability and security

  • SUI Foundation will claim 117M $SUI tokens from market makers for an ecosystem fund and to support on-chain central limit order book DeepBook

  • JPMorgan research reports the rise in ETH staking since the Merge has come at a cost to ETH as the network has become more centralized and the staking yield has fallen

  • THORSwap goes into “maintenance mode” to prevent bad actors from moving illicit funds through the platform

Finance

  • Blackbird, a blockchain-based restaurant loyalty app raised $24M in a series A funding round led by a16z

  • ByteTree has upgraded its BTC market signal from neutral to a “quiet” bull, noting Bitcoin as a “safe haven from Uncle Sam’s bonds”

  • Messari reports a total of $2.1B raised by crypto startups in Q3 2023, down 70% from Q3 2022

  • Lucky Taiwanese crypto trader’s 6-cent fee won them $310k from a winning tax receipt as per Taiwan’s “Uniform Invoice Lottery” system

Artificial Intelligence
Government

  • Basel Committee on Banking Supervision plans would require banks to disclose their cryptocurrency holdings in wake of a turbulent year

  • SEC has sued Elon, claiming he didn’t comply with a subpoena to testify over his purchase of Twitter last year

Business

  • Kraken is set to acquire the Netherlands-based exchange Coin Meester B.V. (BCM) as part of its European expansion

  • Elon called for a “comprehensive overhaul” of the SEC, saying the SEC and DOJ are abusing their regulatory powers for personal and political gain to receive punitive action

Legal

  • EMAX investors are given a third and final chance to file claims against celebrities who allegedly promoted it

  • Adam Yedidia, SBF’s college roommate and early FTX employee, said for months, customer deposits on the FTX exchange were sent to a account controlled by Alameda Research

  • Yedidia testifies that “Alameda had used customer deposits to pay its loans,” and SBF told the company to use Signal with auto-deleting messages to prevent regulators from finding things they didn’t like

  • Gary Wang, FTX co-founder said “We gave special privileges to Alameda Research to allow it to withdraw unlimited funds from FTX and lied about it,” on Thurs. afternoon, having pled guilty and agreed to cooperate with authorities in the FTX investigation in late 2022

  • Paradigm co-founder, Matthew Huang, said SBF was “very resistant” to having investors join the board of directors at FTX

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