Daily Market Update 10/24

Top Stories

NFT Market Recap

💰️ Notable Sales:

• 115 Ξ Azuki #3309

• 55 Ξ CryptoPunks #4092

• 51 Ξ Otherdeed Expanded #15

🎉 Notable Mints:

⬆️ Top by Volume:

• BAYC, floor of 26.2 Ξ (4% ▽)

• Pudgy Penguins, floor of 4.96 Ξ (8% ▽)

• MAYC, floor of 5.1 Ξ (2% ▽)

⬆️ Top by Sales:

• RaW Pass, floor of 0.066 Ξ (6% ▲)

• Pudgy Pudgies, floor of 0.037 Ξ (122% ▲)

• Visions Of The Void, floor of 0.03 Ξ (38% ▽)

🪅 Biggest Winners:

• Ground Truths By Sougwen Chung, floor of 1.8 Ξ (62% ▲)

• Sproto Gremlins, floor of 1.1 Ξ (29% ▲)

• Narratives, floor of 1.2 Ξ (29% ▲)

Other News

Web3

• VeeFriends Burn Island Eruption 11 is live, allowing Series 2 holders to swap for shimmering Super Stickers scenes

• AOI confirms Jack Butcher as the fourth artist of the Velocity Series

• Film3 Summit will return to LA with MetaFilm3 Fest, an entirely online sister event powered by Theta

• Magic Eden will drop a new set of tokenized Pokémon cards on Oct. 27

• Pre-registration for a Pixelmon “early Kevin” badge and an in-game boost ends today

• Async Art’s market platform will shut down over the next few months

• Solana’s Marinade Finance blocked UK user’s access due to “compliance concerns;” users may still withdraw via the SDK

• Community suspects Safereum developers rug pulled after selling over 700 ETH of its native token

Blockchain

• dYdX Trading has released the open-source code for its cosmos-based chain

• Shanghai Petroleum and Natural Gas Exchange reports China’s CBDC has been used for the first time to settle an oil transaction

• New PEPE team burned 6.9T $PEPE worth $5.5M

Finance

• ARK’s Next Generation Internet ETF sold 100,739 $GBTC shares

• BlackRock’s spot BTC ETF has been listed on the Depository Trust & Clearing Corporation, suggesting a potential SEC approval

• Ernst & Young global blockchain leader Paul Brody says that trillions of dollars of institutional money is waiting for a spot Bitcoin ETF approval

• CME’s Bitcoin futures contracts hit an ATH open interest of $3.4B

• Nym Technologies’ $300M fund is ready to support entities developing privacy solutions with Nym’s tech stack

• Chainalysis reports lower-middle-income countries are leading crypto adoption based on web traffic data from 13B web visits

• ZachXBT reports an entity linked to the Abraxas darknet market exit scam moved 4.8k $BTC to a coin mixer

Artificial Intelligence

• Qualcomm prepares to unveil the third generation of its Snapdragon 8 chip with groundbreaking AI enhancements

• Researchers at the University of Chicago developed a tool that allows artists to “poison” their digital art to prevent AI from training on it

• US official Alan Estevez confirms the US military is looking to crack down on Chinese access to US cloud-based technologies

Government

• IRS has proposed rules that require DASPs to collect and report extensive personal data like names, SSNs, transaction details

• California legislators proposed a bill that seeks to cap crypto ATM withdrawals at $1,000 per day in light of growing scams

Legal

• CipherBlade founder says a group of employees executed a “hostile takeover” in a second attempt lawsuit filed in Alaska

• Coinbase prepares to make its final case in its unregistered-securities dispute with the SEC

• Court of Appeals has ordered the SEC to review Grayscale’s spot BTC ETF

• FTX Creditors’ lawyers are promoting a deal that would return 90% of remaining assets but requires customers who successfully withdrew assets within a specific 9-day period to return 15% of the funds

• SBF’s defense named Joseph Pimbley of litigation consulting firm PF2 as their sole proposed expert witness to respond to prior testimonies