Daily Market Update 1/03

In Today’s Market Update, We Cover Rektguy Equity, Dymension Airdrop, Matrixport Predicts ETF Rejection, Jim Cramer Bullish on Bitcoin, and More.

Author

Jake
January 03, 2024

Your #1 NFT, Crypto, and FinTech News Aggregator. Curated daily by our in-house team of analysts. Listen to our podcast on Spotify or Apple Music.

Top Stories

Rektguy: surprises Oct. snapshot holders with equity in Rekt Brands Inc.

Square Enix: will be “aggressive in applying AI, cutting-edge tech” to content development, publishing functions

Matrixport Report, SEC: expected to reject all spot ETF proposals as SEC’s Gensler “is not embracing crypto in the US”

Dymension on Cosmos: $DYM airdrop to $TIA stakers, Arbitrum, Optimism, Base, & Blast users

2024 IRS Rules: must report crypto transactions $10k+, lawmakers suggest to “fix” impossible requirements

Jim Cramer on Bitcoin: “The late Charlie Munger, who was so brilliant on so many things, was blind to this,” & “you can't kill it”

SZN2 Updates

📣 Announcements:

  • New Features! Delegate Wallet, Shift to Select, Custom Layouts

  • New Raffles! Sandbox Land (91,84), Otherside Vessel #84963

  • Listing & Bidding XP, FUTR One, Creators, $ME, and [redacted]

🎟️ Active Raffles:

NFT Market Recap

💰️ Notable Sales:
🎉 Notable Mints (EST):

  • 11:00 AM Meme Card #182: Protocol Keeper by Atmo

  • 01:00 PM Bjorn Staal: ‘Immaterial’ on ArtBlocks

⬆️ Top by Volume:
⬆️ Top by Sales:
🪅 Biggest Winners:
⛓️ NFT Vol. by Blockchain (24h):

  • ETH: $10.7M (18% ▲)

  • BTC: $18.3M (10% ▽)

  • SOL: $6.1M (12% ▽)

  • MATIC: $3.8M (89% ▲)

  • IMX: $114k (84% ▽)

🪙 Top Tokens:

  • BTC: $42,394 (7.1% ▽)

  • ETH: $2,217 (7.6% ▽)

  • BNB: $312 (2% ▽)

  • SOL: $97.32 (14.3% ▽)

  • XRP: $0.564 (10.7% ▽)

📊 Market Stats:

  • Global Crypto Market Cap: $ 1.64T

  • BTC Dominance: 52.59%

  • BTC OI: $9.6B

  • Fear & Greed: 70

💹 Indices (Futures):

  • DOW: $37,895 (0.3% ▽)

  • S&P500: $4,771 (0.3% ▽)

  • NASDAQ: $16,643 (0.5% ▽)

  • FTSE100: $9,673 (1.4% ▽)

  • HSI: $2,135 (0.9% ▽)

Other News

Web3 & Blockchain:

  • Sorare: launches ManagerID for personalized showcasing of player’s journey & achievements

  • Jupiter: sets $JUP airdrop target for the end of Jan.

  • OKX: to enforce new FCA rules for UK compliance

  • Domo, BRC-20 Inventor on UniSat Fork: “rushing these updates in BRC-20 is reckless,” “could harm broader user community”

Crypto & Financial Markets:
AI, Quantum & Emerging Tech:

  • Midjourney: to launch “text to video” AI model in the next few months

  • Austrian Researchers: develop method to determine how well AI models understand “temporal validity” to improve response relevance

Government, Policy & Regulation:

  • Grayscale BTC ETF Amendment: omits authorized participants, fees as SEC verdict deadline looms

  • CCI Poll: shows crypto-focused individuals may provide “key swing” in 2024 US election

Business, Corporate Strategy & Legal:
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