Daily Market Update 10/30

Top Stories

NFT Market Recap

💰️ Notable Sales:

• 58.8 Ξ BAYC #7209

• 57 Ξ CryptoPunks #5103

• 36.9 Ξ The Captainz #5999

🎉 Notable Mints (EST):

• 11:00 am Reflections’ Curated by Tender on Transient Labs

• 11:00 am Meme Card #159: ‘Art Drop’ by Lucréce

• 01:00 pm Taylor.wtf: ‘Transformers’ on Rarible

• 01:00 pm Emily Edelman: ‘Twos’ on ArtBlocks

• 02:00 pm Courtyard: Happy Holo-ween!

• 03:00 pm Here For The Art: dgb & frens on Foundation

⬆️ Top by Volume:

• BAYC, floor of 29.9 Ξ (3% ▲)

• The Captainz, floor of 5.7 Ξ (4% ▲)

• MAYC, floor of 5.6 Ξ (2% ▲)

⬆️ Top by Sales:

• Conviction Scrolls, floor of 0.045 Ξ (8% ▽)

• RTFKT Nike Dunk Genesis CRYPTOKICKS, floor of 0.03 Ξ (23% ▽)

• Pezuki, floor of 0.02 Ξ (55% ▽)

🪅 Biggest Winners:

• Aardvarks - Non Fungible Aardvarks, floor of 0.17 Ξ (40% ▲)

• Yogapetz, floor of 0.15 Ξ (34% ▲)

• Crazy Frens, floor of 0.19 Ξ (31% ▲)

Other News

Web3

• Deutsche Post: launches pre-orders for “crypto stamps” collection

• RTFKT x Nike Dunk Genesis: Forging Event ends at 2 pm EST today

• XCOPY: revealed as the SuperRare RarePass Airdrop Artist for Nov. 3

• Deadfellaz x MetaMask: Decentraland event runs from Oct. 30 - Nov. 6

• Animoca Brands: acquired Web3 streaming platform Azarus

• Stars Arena: CEO Chill Pill has stepped down

• LastPass users: who stored private keys on the platform lose $4.4M over the past day

Blockchain

• Uniswap DAO “Temperature Check” Proposal: invest $12M in Ekubo for 20% share of a potential governance token

• Cosmos-based dYdX: offers validators choice of $DYDX or $USDC payouts

• Singapore, Japan, UK, Switzerland: planning asset tokenization tests

Finance

• DeFi TVL: surges to three-month highs following a two-year low

• $BITO trading volume: reaches $1.7B, signifying demand among less desirable methods amid potential spot Bitcoin ETF

• Deribit CCO: observes bullish indicators in Bitcoin’s put-call ratio, elevated call price skews, and futures-spot prices divergence

Artificial Intelligence

• Google: increases investment in Anthropic AI to $2B

• US Immigration agency: deploys AI through Giant Oak Search Technology for social media scanning

• Shutterstock: integrates generative AI into its library of 700M images

Government

• SEC’s Hester Peirce: criticizes SEC action against LBRY

• Crypto miners: lobby Washington to dispute negative environmental claims

• UK: published its final proposals for regulating the crypto ecosystem

Business

• Thailand’s K-Bank: buys 97% shares of Satang crypto exchange parent company for $103M

• Standard Chartered’s Zodia: expands services to HK

• Kraken Canada: halts trading of USDT, DAI, WBTC, WETH, and WAXL

• Kraken: to share data on historical trades of $20k+ with IRS

• VanEck's amended ETF: highlights seed capital purchase and the use of MarketVector’s Bitcoin Benchmark Rate index as a reference price

• Saudi’s NEOM: partners with Animoca Brands to drive Web3 development

• Elon: alerts X posts corrected by community notes will be demonetized

Legal

• Australian feds: bust Changjiang Currency Exchange for laundering $229M

• Gemini vs Genesis: lawsuit over $1.6B GBTC used as loan collateral

• SBF: FTX was built to fill a niche Binance would target for acquisition

• SBF: Rejected requests for financial help from DCG and Celsius

• SBF: Political donations came from "loans from Alameda," not his funds

• SBF: Ellison did not hedge risk despite his advice; it was his mistake for not employing a risk manager where "a lot of people got hurt"

• SBF: Knew "basically nothing" about digital assets when launching Alameda and denied knowledge of fraudulent activity