Daily Market Update 10/09

Top Stories

NFT Market Recap

💰️ Notable Sales:

• 9.5 Ξ Azuki #2800

• 8.5 Ξ MAYC #18354

• 5.69 Ξ Redacted Remilio Babies #3810

🎉 Notable Mints:

⬆️ Top by Volume:

• BAYC, floor of 26.3 Ξ (0.4% ▽)

• Otherdeed Expanded, floor of 0.3 Ξ (15% ▲)

• DeGods, floor of 3.2 Ξ (6% ▽)

⬆️ Top by Sales:

• Deadmigos, floor of 0.015 Ξ (50% ▲)

• Barely Opepens, floor of 0.069 Ξ (123% ▲)

• Nakamigos, floor of 0.16 Ξ (6% ▽)

🪅 Biggest Winners:

• Opunks, floor of 0.015 Ξ (84% ▲)

• Yogapetz, floor of 0.14 Ξ (16% ▲)

• SchizoPosters, floor of 0.09 Ξ (12% ▲)

Other News

Web3

• Steven Soderbergh-backed “The Quiet Maid,” funded through NFTs, has secured a global sales deal and will premiere at the Tallinn Black Nights Film Festival

• DeGods teases “The Comeback. Chapter One;” DeGods can now switch their art to Season 1, 2, or 3 on-chain; y00ts will migrate to ETH for free, and more

• Yuga shares a first glimpse of Meebits in the Othersides’ Meetropolis

• Yuga Labs confirms layoffs as the company restructures and refocuses while tapping external partners along the way

• Luca Netz shares an extensive thread detailing his journey in wake of unexpected community drama

• Stars Arena has secured funding to plug the $3M exploit and plans to reopen following a security audit

• Galxe’s front-end was compromised; observers suggest the attacker may also be responsible for last month’s Balancer attacks

Blockchain

• VitaDAO has launched Matrix Biosciences to persue cutting-edge science in treating cancer and other age-related diseases

• MoonPay introduces “Swap,” a feature offering seamless, cost-effective cross-chain swapping in its app

• David Schwartz, Ripple CTO, has proposed introducing an automated market maker (AMM) feature on the XRP Ledger if there is consensus within the community

• MakerDAO proposal would see the $DAI stablecoin backed with tokenized uranium

Finance

• Backed Finances launched a converted BlackRock iShares bond ETF UCITS, tracking short-term US Treasury Bills

• Deribit will list XRP, SOL, and MATIC options and seeks EU license

• FloorDAO “forked” into two individual entities in an effort to shake off $FLOOR token investors who disagreed with the project’s direction and were selling below the treasury’s book value

• FriendTech developers have made nearly $20M since its Aug. launch

• Huobi has reclaimed $8M ETH after negotiating a “white hat bonus” with the attacker

• Gitcoin admitted to sending ~$460k $GTC tokens to an unrecoverable contract address

Artificial Intelligence

• Prophetic AI is developing a “non-invasive” neural device to induce and stabilize lucid dreams — dreams where the dreamer is aware of their dreaming state

• Ukraine rolls out AI regulation roadmap

Government

• Israel has declared a state of war for the first time since 1973

• European Securities and Markets Authority released a second consultative paper on MiCA mandates on Oct. 5

• CFTC officials are reportedly considering enforcement action against former CEO of Voyager Digital Stephen Ehrlich, following an investigation concluding the former CEO violated US regulations

Business

• X will support streaming from PS5 and Xbox

• X will add 4K video in “a month or two”

• Huobi, KuCoin, and over 140 crypto exchanges are “non-authorized,” and FCA warned that customers “should avoid” them

Legal

• Former FTX CTO Gary Wang said, “FTX was not fine. Assets were not fine.”, and alleged that FTX losses were shifted to Alameda

• Gary Wang said Alameda was given “special privileges” that allowed it to run a negative $100M balance, and had a line of credit of $65B while no other accounts had credit over $1M

• Gary Wang detailed how FTX generated the fake figure displaying the exchanges insurance fund; “For one, there is no FTT in the insurance fund; it's just the USD number. And, two, the number listed here does not match what was in the database.”

• Prosecutors request the court bar SBF from making arguments relating to the potential recovery of FTX assets via its Anthropic investment