Daily Market Update 10/16

Top Stories

NFT Market Recap

💰️ Notable Sales:

• 57 Ξ CryptoPunks #8998

• 22 Ξ Mooncats #2885

• 12.91 Ξ Opepen Edition #12569

🎉 Notable Mints:

⬆️ Top by Volume:

• Winds Of Yawanawa By Yawanawa And Refik Anadol, floor of 12.8 Ξ (51% ▲)

• BAYC, floor of 24.9 Ξ (0.1% ▲)

• y00ts, floor of 0.78 Ξ (22% ▽)

⬆️ Top by Sales:

• Gemesis, floor of 0.012 Ξ (17% ▲)

• Deadmigos, floor of 0.02 Ξ (42% ▲)

• Notdead1974, floor of 0.018 Ξ (22% ▽)

🪅 Biggest Winners:

• Gutter Cat Gang, floor of 1.2 Ξ (55% ▲)

• NEOSTACKEY, floor of 0.64 Ξ (54% ▲)

• Gutter Rats, floor of 0.17 Ξ (54% ▲)

Other News

Web3

• Investment and research firm Arca has pitched a two-tiered solution to add utility to $BLUR via a 1% base trading fee and a tiered fee structure

• Yuga has created a new X gaming handle under @yugalabsgaming and added 150k $APE rewards to the Rift Boss Leaderboard

• y00ts bridge to Ethereum is live; after Oct. 22, a 33.3% royalty will apply to y00ts traded on Polygon

• Deadfellaz teases a collaboration with @Wrangler Jeans

• RTFKT x NIKE Air Force 1 shipments have begun

• Cool Cats Avatars are coming on Oct. 19; some speculate on a collaboration with Reddit for digital collectible avatars

• Solana Foundation has become an ecosystem partner for the Dubai Multi Commodities Centre, one of the free economic zones in the UAE

• MetaMask was briefly removed from the Apple App Store

• New hook available on an open-source directory for Uniswap V4 enables users to be checked for KYC before they can trade, sparking controversy within the crypto community

Blockchain

• Sega Co-COO, in support of blockchain-based gaming, said, "Within blockchain games, owning assets and, in some cases, earning money, could become player wants that haven't existed before"

Finance

• Binance has burned $450M BNB as part of its planned token burn

• Decentraland Foundation executive director Yemel Jardis says the NFT markets price slump represents the market "maturing"

• ProShares prepares to launch its Short Ether Strategy ETF

• FTX was observed staking 5.5M $SOL on Oct. 13 worth $122M

• Ferrari is now accepting BTC, ETH, and USDC payments in the US

• US government is among the largest BTC holders with over $5B BTC

Artificial Intelligence

• Google has announced upcoming AI features coming to Google Search, including image generation and writing inspiration

• Researchers have introduced an AI model that diagnoses central nervous system tumors with 90% accuracy in early testing

• Newly introduced Nigeria AI Research Scheme is designed to facilitate widespread utilization of AI to drive economic advancement

• Mistral Trismegistus-7B LLM is trained on Esoteric, Spiritual, Occult, Wisdom Traditions, and all things paranormal

• Cyberpunk 2077's developer used AI to complete its "Phantom Liberty" expansion, bringing voice actor Miłogost Reczek back to life after his passing in 2021

Government

• California Governor Gavin Newsom has approved a crypto bill that enforces stricter regulations on crypto businesses

• US officials are reportedly keeping tabs on certain crypto mining operations with ties to China, specifically sites in close proximity to military bases and other national security-concerned locations

• Australian federal government is moving forward with plans to regulate the digital asset sector

• President of Madeira announced plans to create a Bitcoin business hub to drive regional innovation

Business

• Microsoft has acquired Activision Blizzard, solidifying its ownership of games like Call of Duty, Warcraft, Candy Crush Saga, and Overwatch

• Tether CEO has stepped down, naming Paolo Ardoino as successor

• NASA and Jet Propulsion Laboratory hitched a ride with SpaceX on a mission to target a metal-rich asteroid and test its laser, the DSOC transmitter

• Canon unveiled a system that can produce 5-nanometer semiconductors and can scale down to 2 nm, surpassing the capabilities of the A17 Pro chip in iPhone 15 Pro and Max's

Legal

• SEC reportedly has no plans to appeal the court decision favoring Grayscale Investments, boosting chances for a spot BTC ETF

• Coinbase accused the SEC, in a Friday submission, of a pattern of "troubling intransigence" for refusing to act on the company's rulemaking petition filed in July

• Caroline Ellison wanted to step down from Alameda in 2022, but SBF convinced her that her resignation could raise concerns about the company's finances

• SBF's lawyers have requested he be allowed to take his prescribed “12-hour extended-release 20mg dose of Adderall" to concentrate at trial

• SBF's lawyers are seeking to bring up certain information from the exchanges ToS during witness testimonies