Daily Market Update 10/10

Top Stories

NFT Market Recap

💰️ Notable Sales:

• 1,055 Ξ Cryptoadz #4030

• 250 Ξ BAYC #3863

• 50 Ξ CryptoPunks #5792

🎉 Notable Mints:

⬆️ Top by Volume:

• BAYC, floor of 25.4 Ξ (3% ▽)

• Winds Of Yawanawa By Yawanawa And Refik Anadol, floor of 5.75 Ξ (14% ▽)

• Pudgy Penguins, floor of 5.15 Ξ (1% ▲)

⬆️ Top by Sales:

• Deadmigos, floor of 0.022 Ξ (74% ▲)

• SchizoPosters, floor of 0.059 Ξ (37% ▽)

• Nakamigos-CLOAKS, floor of 0.05 Ξ (12% ▲)

🪅 Biggest Winners:

• Gutter Rats, floor of 0.13 Ξ (113% ▲)

• Gutter Dogs, floor of 0.17 Ξ (110% ▲)

• Gutter Cat Gang, floor of 0.8 Ξ (77% ▲)

Other News

Web3

• NFL Alumni Association partners with Aventus to leverage the name, image, and likeness of retired players to create NFTs of those former players who opt into the offering

• Refik Anadol’s Winds of Yawanawa began its reveal of tokens 1 - 100 alongside the launch of a portal for VR viewing, downloading high-res assets, ordering unique prints, and accessing HD content

• GutterCatGang locks in an acquisition deal with @mauloadream to take over full control of Gutter Labs

• China Daily is awarding $390k to a third-party contractor that can design it an NFT platform within its budget specifications

• CrypToadz #4030 sold for 1,055 WETH, a likely unfortunate user-error

• Crypto trading bot provider 3Commas is on “heightened alert” after some user’s accounts were compromised

• FriendTech added 2FA to accounts for additional protection

Blockchain

• Certik confirms the astrology-themed NFT project Lucky Star Currency exit scammed for over $1M

• CertiK report suggests the FTX hacker could be using the SBF trial as a smokescreen, hoping the trial’s media attention provides cover for the illicit activity

• Robin Linus’ BitVM whitepaper proposes a new way to bring off-chain smart contracts to Bitcoin without needing a soft fork; BitVM’s architecture is based on Ethereum’s optimistic rollups with fault proofs

• Messari reports 61% of all ETH transactions occurred on L2 networks

Finance

• Ethereum Foundation sold $2.76M ETH

• Star Atlas’ SAGE Labs made up 15% of all Solana activity and surpassed Polygon’s network total on Sunday

• Coinbase director Conor Grogan has flagged on-chain data that highlights massive USDT mints ordered by Alameda to profit off arbitrage trading

Artificial Intelligence

• Researchers at Brown University discovered new vulnerabilities in ChatGPT-4 security settings by using less common languages like Zulu and Gaelic to bypass various restrictions

• Microsoft VP of Research and Incubations says enlisting AI in medicine and longevity research will be a “net positive”

• Cybersecurity firm Avast has called out an AI tool dubbed “LoveGPT” used to create fake profiles, interact, and scrape data

• King Abdullah University of Science and Technology in Saudi Arabia collaborated with two Chinese universities to create an Arabic-focused AI system

Government

• Reserve Bank of Zimbabwe kicks off its gold-backed digital token $ZiG on Oct. 5 as an official payment method

Business

• Ripple CFO, Kristina Campbell, stepped down amid the SEC lawsuit for a comparable position at Maven Clinic; it is unclear if Campbell’s departure is related to regulatory scrutiny Ripple is facing

• Bitstamp says it’s in talks to help three large European banks begin offering crypto services around Q1 of next year

• Bitcoin ASIC manufacturer Bitmain has paused employee salary payments for Sept. and beyond, citing difficulty in achieving “net positive cash flow”

• Unity CEO, John Riccitiello, departs after the company recently walked back its “runtime fee” following developer backlash

Legal

• Judge Kaplan cautioned the defense’s repetitive cross-examination, saying "The goal here is not to set a record for the longest trial, it's to have the fairest trial.”

• SBF is seeking permission to probe alleged involvement of FTX lawyers in the issuance of $200M in loans from Alameda approved by Gary Wang