Daily Market Update 10/23

Top Stories

NFT Market Recap

💰️ Notable Sales:

• 48 Ξ CryptoPunks #7615

• 45 Ξ Azuki #7242

• 27.37 Ξ Otherdeed #15

🎉 Notable Mints:

⬆️ Top by Volume:

• BAYC, floor of 26.3 Ξ (1% ▽)

• MAYC, floor of 5.1 Ξ (1% ▽)

• DeGods, floor of 3.6 Ξ (2% ▲)

⬆️ Top by Sales:

• NOMIG0S, floor of 0.003 Ξ (76% ▲)

• Pudgy Pudgies, floor of 0.013 Ξ (115% ▲)

• [Bammers], floor of 0.009 Ξ (55% ▽)

🪅 Biggest Winners:

• VISCOSITY By Mart Biemans, floor of 0.064 Ξ (120% ▲)

• PNP: PiXiu Never Poop, floor of 0.13 Ξ (91% ▲)

• The Orbs By BT, floor of 0.18 Ξ (49% ▲)

Other News

Web3

• Dr. Disrespect’s Deadrop Snapshot VII update comes with high-speed car battles and user-generated game modes and content

• Tyler Hobbs extended applications to Oct. 26 for his Blackdot tattoo sessions starting at nearly $10k

• Yuga invited non-members to the Yacht Club Open House on Sunday, Nov. 5

• Azuki announces five upcoming community-led events across the Asia-Pacific beginning in HK on Nov. 2

• Habbo announces plans to end its marketing and communications use of blockchain jargon in a bid to make its ecosystem easier to understand, but emphasizes its NFTs wont be changing

• Base is launching an eight-week training course for blockchain devs

• Evidence presented by Jameson Lopp suggests the late Hal Finney cannot be Satoshi Nakamoto

• Reddit fired two moderators involved in insider trading of MOON token

• FTX users are reportedly being targeted in an email “priority withdrawal” scam

Blockchain

• Bitcoin dominance has hit two-year highs

• Bitcoin core developer Antoine Riard has stepped back from the Lightning Network, citing security issues and fundamental challenges

• Uniswap’s Hayden Adams burned 99% of the HayCoin supply on Oct. 20, saying it’s an old testing token from before Uniswap and shared his concerns surrounding price speculation

• GRVT, a hybrid exchange, will launch as the first “hyperchain” in the zkSync ecosystem

Finance

• Most Bitcoin mining stocks have outpaced spot Bitcoin in 2023

• Gnosis Chain’s TVL has doubled to $150M since early Oct., coinciding with MakerDAO launching its Spark lending protocol on the chain

• Thomas Braziel from 117 Partners, a crypto bankruptcy firm, says some FTX claims are selling for over 50 cents on the dollar as speculation surrounding the exchange’s bankruptcy heats up

• Web3 security firm Blockaid secured $33M in funding

• Worldcoin will switch operator rewards to $WLD from $USDC

Artificial Intelligence

• Stanford University researchers report that AI foundation models like ChatGPT, Claude, Bard and LlaM-A-2 are becoming less transparent

• IBM’s newest prototype AI chip is purportedly faster and more energy-efficient than any other chip currently available

• Nvidia researchers developed SteerLM that leverages generative AI to autonomously write algorithms enabling robots to learn via trial-and-error; the company has taught robots upward of 30 different tasks

• Huawei debuted the OceanStor A310, a super-efficient AI storage model capable of feeding Nvidia GPUs almost four times faster than IBM’s ESS 3500

• Microsoft intends to go all-in on AI; chairman and CEO Satya Nadella said, “Every customer solution area and every layer of our tech stack will be reimagined for the AI era”

• NASA prepares AI and machine learning methods for processing the 20 petabytes (or 20,000 terabytes) of data expected following the launch of the Nancy Grace Roman Space Telescope in 2027

• Greece established an AI advisory committee to create a national strategy

Government

• Singapore High Court allowed financial investigation firm Intelligent Sanctuary to attach NFTs containing legal documents to cold wallets associated with a recent hack

• Thailand delayed the launch of its digital wallet scheme and airdrop as critics call for a probe into its legality

• HK updated its policy to allow retail investors greater access to spot crypto products and services

Business

• Applied Digital opened its 200-megawatt data center in Garden City, Texas, offering infrastructure for Bitcoin mining and high-performance computing for AI workloads

• Patricia exchange allows users to convert owed funds into company shares managed by a Nigerian SEC-licensed third party

• Binance’s European Visa debit card will shut down on Dec. 20

• Twitch will allow users to stream across platforms in wake of several large streamers signing deals with competitor platforms

Legal

• FBI charged six for allegedly operating an illegal $30M money-transmitting business using crypto

• Judge has ordered the liquidation of AuBit, the parent company of crypto lender Freeway

• Evidence shows FTX engaged BlackRock and Google as potential investors prior to it’s collapse in a round that “never closed”

• Prosecution in SBF’s trial has scheduled to rest their case on Oct. 26, if the defense will present a case, it will begin on Oct. 26