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Daily Market Update 1/09

Daily Market Update 1/09

In Today’s Market Update, We Cover Pizza Ninja Ordinals, Crypto Moon Mission, Bitcoin ETF Final Fees, Jim Cramer Says Bitcoin's Topped, and More.

Jake
January 09, 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

Pizza Ninja: Ordinals mint inscribes SNES emulator on-chain & uses dynamic art, customizable features

ETFs: Bitwise offers the lowest fee at 0.24%; Grayscale offers the highest fee at 1.5% but comes with $27B AUM

DOGE/BTC Historic Moon Mission: unlikely to succeed after anomaly causes “critical” fuel loss

Jim Cramer: “I think Bitcoin’s topping out.” as inverse Cramer memes strike

SZN2 Updates

📣 Announcements:

New Features! Delegate Wallet, Shift to Select, Custom Layouts
New Raffles! Otherdeed #81766, KILLABEAR #513

⏳️ What’s Up Next:

Mintify ERC721C Marketplace with Listing & Bidding XP
Creator Leaderboard, Loot Boxes, & more teasers

🎟️ Active Raffles:

y00t #1893
Opepen #14962
Otherside Vessel #84963
Otherdeed #81766

NFT Market Recap

💰️ Notable Sales:

60.2024 Ξ CryptoPunks #5406
42.69 Ξ BAYC #7882
30 Ξ Overpass by Grant Yun

🎉 Notable Mints (EST):

12:00 PM SuperChief: ‘BAD GLITCHES ONLY’ on Foundation
12:00 PM MOD by Kevin Abosch
01:00 PM Silence by DeltaSauce
05:00 PM Doltab by Irvin Kwok

⬆️ Top by Volume:

BEANZ, floor of 0.45 Ξ (21% ▽)
BAYC, floor of 24.15 Ξ (5% ▽)
MAYC, floor of 4.7 Ξ (5% ▽)

⬆️ Top by Sales:

Rarity Jump Genesis, floor of 0.038 Ξ (65% ▲)
CALIVERSE Pioneer, floor of 0.44 Ξ (60% ▲)
Shishi, floor of 0.05 Ξ (80% ▲)

🪅 Biggest Winners:

Steamboat Willie, floor of 0.23 Ξ (55% ▲)
HYTOPIA Worlds, floor of 2.64 Ξ (35% ▲)
KaijuKingz, floor of 0.13 Ξ (32% ▲)

⛓️ NFT Vol. by Blockchain (24h):

ETH: $10.8M (39% ▲)
BTC: $14.9M (10% ▽)
SOL: $5.1M (4% ▲)
MATIC: $5.7M (18% ▽)
IMX: $612k (4% ▲)

🪙 Top Tokens:

BTC: $ 46,517 (3.8% ▲)
ETH: $ 2,256 (0.3% ▽)
BNB: $ 299 (0.8% ▽)
SOL: $99 (5.2% ▲)
XRP: $ 0.56 (0.6% ▽)

📊 Market Stats:

Global Crypto Market Cap: $ 1.72T
BTC Dominance: 54.93%
BTC OI: $10.5B
Fear & Greed: 76

💹 Indices (Futures):

DOW: $37,683 (0.7% ▽)
S&P500: $4,774 (0.6% ▽)
NASDAQ: $16,685 (0.7% ▽)
FTSE100: $9,799 (0.3% ▽)
HSI: $2,071 (0.2% ▽)

Other News

Web3 & Blockchain:

Open Campus ID: decentralized identifier to aid education through data control and new experiences
Drift Protocol: teases future token airdrop, points system

Crypto & Financial Markets:

Bitcoin: rallies over $47k as speculators anticipate ETF approval
Bitcoin Fear/Greed Index: reaches “extreme greed” in first since 2021
Bitcoin/Nasdaq: 40-day correlation falls to zero as crypto decouples amid ETF speculation
X User “DeFi Made Here”: asserts Curve founder’s $CRV-backed debt poses “systemic risk” to entire Curve ecosystem
Standard Chartered, Bitcoin: could hit $200k by Dec. 2025 “if ETF-related inflows materialize as we expect”

AI, Quantum & Emerging Tech:

Ubisoft, Riot, Tencent, others: to use NVIDIA ACE Production Microservices
OpenAI: accuses NYT of incomplete reporting regarding its copyright lawsuit; declares commitment to news industry

Government, Policy & Regulation:

CFTC: wants policymakers to focus on identifying DeFi users; argues anonymity allows for money laundering, terrorism financing
Gary Gensler: shares X thread on crypto investing ahead of ETF decision
Upbit: obtains full regulatory licensing in Singapore
Thailand Office of the Council: contests plan for $286 digital baht airdrop

Business, Corporate Strategy & Legal:

BlackRock, VanEck: update ETF filings just hours after SEC response in near unprecedented engagement between SEC and issuers
VanEck, Bitwise: to seed ETFs with $73M plus additional $200M investment opportunity
US Authorities: arrest, charge Rodney Burton for promoting HyperVerse scam
SEC: confirms investigation into “free speech” video platform Rumble

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