Daily Market Update 10/25

Top Stories

NFT Market Recap

💰️ Notable Sales:

• 70 Ξ CryptoPunks #1675

• 60 Ξ BAYC #866

• 40.5 Ξ Fidenza #837

🎉 Notable Mints:

⬆️ Top by Volume:

• BAYC, floor of 26.4 Ξ (2% ▽)

• The Captainz, floor of 3.7 Ξ (11% ▽)

• MAYC, floor of 4.9 Ξ (4% ▽)

⬆️ Top by Sales:

• TrekkiNFT, floor of 0.085 Ξ (46% ▽)

• JIO Capsules, floor of 0.042 Ξ (35% ▽)

• RaW Pass, floor of 0.057 Ξ (16% ▽)

🪅 Biggest Winners:

• Station3 Patron, floor of 1.7 Ξ (23% ▲)

• Nexus Gaming Lifetime Pass, floor of 0.38 Ξ (19% ▲)

• KPR, floor of 0.05 Ξ (12% ▲)

Other News

Web3

• Paris fashion house Maison Margiela launched a gamified Web3 minting experience called Numbers

• Memeland shares specifics surrounding its upcoming $MEME Fire Sale

• Mythical Games CEO John Linden says NFL Rivals is closing in on 3M signups since the season began

• Yuga shares its speaker lineup for its first-ever Yacht Club Open House

• PROOF reveals mint details for "Notes from a Neutron Star," a homage to Peter Saville's CP1919 in collaboration with Pace Gallery

• OpenSea launched Shipyard, an open-source collection of Solidity contracts for NFT creators

• Zilliqa Group partnered with Racing League to launch a Web3 horse racing fan engagement program

• BlockFi opened withdrawal requests for custodial wallet users

• Telegram trading bot Maestro refunded users 610 ETH after an exploit

Blockchain

• Polygon deployed the token contracts for its new $POL token

• Vodafone Digital Asset Broker joined Chainlink as a node operator

• Euroclear launched a digital securities issuance service and settled a $106M digital World Bank three-year bond

Finance

• HYTOPIA, formally NFT Worlds, has secured $3M in funding

• Nocturne Labs has raised $6M seed funding

• Global publicly traded crypto funds absorbed $61M in inflows, led by German and Canadian spot BTC ETFs

• Traders are capitalizing on Bitcoin's surging perpetual funding rates to profit through arbitrage

• Galaxy Digital reports a spot Bitcoin ETF could attract at least $14.4B of inflows in the first year of issuance

• DTCC confirmed that BlackRock's proposed spot Bitcoin ETF has been listed on the DTCC site since August

Artificial Intelligence

• Anthropic AI report shows LLMs built on "reinforcement learning from human feedback" have a tendency to tell people what they want to hear rather than the truth

Government

• New US bill would establish requirements for proof-of-reserves

• SEC fined BlackRock $2.5M for "failing to accurately describe investments in the entertainment industry"

• IRS extended comments for a new crypto rule to Nov. 13

• Bank of Spain embraced the "digital euro" and explains its benefits

Business

• Mastercard Web3 strategy report shows the company is exploring how best to collaborate with self-custody firms like MetaMask

• Grayscale partnered with FTSE Russel to create new crypto indexes

• Archax, a UK-regulated crypto exchange, and custody service, plans to offer a tokenized asset exchange before the end of the year

• FTX has received multiple bids for a potential restart

Legal

• Coalition of 34 US states are suing Meta, alleging that Facebook and Instagram are inappropriately manipulating children who use them

• Coinbase submitted its final argument as to why the SEC's lawsuit against it should be tossed out

• Binance and CZ's lawyers filed statements supporting a motion to dismiss a lawsuit filed by the CFTC in March

• SBF's defense has six potential witnesses it may call when it opens its defense later this week