Daily Market Update 11/01

Top Stories

NFT Market Recap

💰️ Notable Sales:

• 61.74 Ξ BAYC #7116

• 876.5 $SOL Mad Lads

• 10.32 Ξ Azuki #1657

🎉 Notable Mints (EST):

• 11:00 am Resonance by Tristan Rettich

• 11:00 am Meme Card #160: ‘ One Step at a Time’ by Fesq

• 11:00 am Serc: ‘Sensation: Elements’ on Manifold

• 01:00 pm Forever Projects: ‘Brave New World’ on Foundation

• 01:00 pm Aleksandra Jovanic: Glasshouse INAT on Artblocks

• 01:00 pm Yatreda: ‘Adam and Hewan’ on FellowshipAI

• 02:00 pm CREYNIUMS by Reylarsdam

⬆️ Top by Volume:

• BAYC, floor of 31.2 Ξ (0.3% ▲)

• Prologue By Spice, floor of 0.13 Ξ (30% ▽)

• MAYC, floor of 5.9 Ξ (1% ▲)

⬆️ Top by Sales:

• Mindless, floor of 0.02 Ξ (4% ▽)

• Gruffters, floor of 0.28 Ξ (32% ▲)

• RaW Pass, floor of 0.063 Ξ (16% ▲)

🪅 Biggest Winners:

• FF6000, floor of 0.05 Ξ (100% ▲)

• MegaForce Sentinels, floor of 0.045 Ξ (51% ▲)

• OnChain Buccaneers, floor of 1.09 Ξ (50% ▲)

Other News

Web3

• Gensler: wishes Bitcoin a happy birthday, calls out non-compliant companies in a Halloween play on words

• Moonbirds: celebrates Halloween by binding soulbound “Deadities” to Mythics that were given life through burning an Oddity

• Stepn, Steve Aoki: launch the Genesis Sneaker Raffle, giving users a chance to mint Aoki’s new Genesis Sneakers on Solana

• ATP, Artchild: offer phygital tennis posters at the 2023 Nitto ATP Finals

• MetaMask, Blockaid: launch desktop offline transaction simulations to enhance user protection and alerting

• Bitget, Floki: teams point fingers over “manipulation” after listing slip-up

Blockchain

• BIS: published technicals surrounding its cross-border CBDC (mBridge) ahead of its MVP and commercial debut

• Solana Labs: launches GameShift beta to help developers build blockchain-powered gaming experiences on Solana

• Ava Labs: proposes Astra Upgrade to improve subnet architecture

• Celestia: issues TIA tokens to 580k users, launches mainnet beta

Finance

• MakerDAO: moves $250M from Coinbase Custody to refill reserves backing DAI stablecoin

• Source: Jane Street, Virtu Financial, Jump Trading, Hudson River Trading talk with BlackRock about market-making its spot Bitcoin ETF

• Etherfuse: reveals “Stablebond” tokenized bonds on Solana, backed by the Mexican Government

• FTX, Alameda: transfer another $13M in altcoins to exchanges

Artificial Intelligence

• OpenAI: quietly pushes document, PDF reading to limited subscribers

• Microsoft, Siemens: partner for new generative AI assistance catering to professionals in manufacturing, healthcare, transportation, infra.

• News Media Alliance: published a 77-page white paper claiming AI chatbots are illegally ripping off copyrighted news

Government

• Government Accountability Office: finds SEC's anti-crypto Staff Accounting Bulletin 121 a "rule" subject to congressional review

• CFTC: paid out $16M to whistleblowers this year, most involving crypto

• Turkey: in “final stage” of crypto legislation to get off FATF’s Gray List

Business

• Committee on Payment and Market Infrastructures: reports positive impact of regulated stablecoins is potentially outweighed by drawbacks

• Invesco, Galaxy: spot Bitcoin ETF gets listed on the DTCC site

• Circle: ends support for retail minting USDC, must buy on secondary

• Tether: loans decline, reserves backed in 86% cash, cash equivalents, and $3.2B in excess reserves

• Bastion: crypto startup acquires money transmitter licenses in NH, AR

Legal

• Taiwan: busts a $324M money laundering scheme in Taichung

• National Association of Realtors: found liable by Missouri jury for $1.8B in damages, conspiring to keep commissions for home sales high

• Judge Kaplan: rejects SBF’s request to instruct the jury on English law which governs FTX’s ToS, stating, "I apply the law of New York"

• Judge Kaplan: blocked an excerpt from Michael Lewis' book at SBF's trial, agreeing with the prosecutor’s claim of “inadmissible hearsay”

• SBF: thought spending customer money was “folded into risk management” at Alameda

• SBF: questioned on Bahamian PM, blamed subordinates, defended his "assets are fine" tweet, but admitted knowing FTT was illiquid