Daily Market Update 10/10

In Today's Market Update, We Cover NFL Alumni Association x Aventus, China Daily's $390k Offer, BitVM Whitepaper Bringing Smart Contracts to Bitcoin, GutterCatGang Takeover, and More.

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Top Stories

NFL Alumni Association partners with Aventus to create NFTs of former players who opt into the offering

BitVM whitepaper proposes a new way to bring off-chain smart contracts to Bitcoin without needing a soft fork

Researchers at Brown University discovered new vulnerabilities in ChatGPT-4 security settings

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

Judge Kaplan cautioned the defense’s repetitive cross-examination

NFT Market Recap

💰️ Notable Sales:
🎉 Notable Mints:
⬆️ Top by Volume:
⬆️ Top by Sales:
🪅 Biggest Winners:
⛓️ NFT Vol. by Blockchain:
  • ETH: $7.4M (149% ▲)

  • SOL: $775k (7% ▽)

  • MATIC: $620k (8% ▲)

  • ZORA: $1.2k (17% ▽)

🪙 Top Tokens:
  • BTC: $27,403 (0.1% ▽)

  • ETH: $1,574 (1.1% ▽)

  • BNB: $206 (0.2% ▽)

  • XRP: $0.496 (0.9% ▽)

  • SOL: $22.1 (0.5% ▽)

📊 Market Stats:
  • GCMC: $1.07T

  • BTC Dominance: 51.17%

  • BTC OI: $8.48B

  • Fear & Greed: 50

💹 Indices (Futures):
  • DOW: $33,880 (0.2% ▲)

  • S&P500: $4,373 (0.1% ▲)

  • NASDAQ: $15,191 (0.03% ▲)

  • FTSE100: $9,362 (1.3% ▲)

  • HSI: $2,280 (0.1% ▽)

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
Artificial Intelligence
Government
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

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