Daily Market Update 11/06

Top Stories

SZN2 Updates

📣 Announcements:

• Earn XP through “Direct Minting” on Mintify

• Progressive raffle roll-outs throughout the SZN

• Increased Daily Seasonal XP Limit: 100 XP → 1,000 XP

• XPStore rewards entry limits; optimizing for overall fairness

🎟️ Active Raffles:

NFT Market Recap

💰️ Notable Sales:

• 100 Ξ Autoglyphs #140

• 61.4 Ξ YOU THE REAL MVP #183

• 32 Ξ The Captainz #6734

🎉 Notable Mints (EST):

• 12:00 PM Jake Fried: ‘NORTH STAR’ on Transient Labs

⬆️ Top by Volume:

• Springfield Punks, floor of 0.25 Ξ (1942% ▲)

• BAYC, floor of 28.2 Ξ (1% ▽)

• The Captainz, floor of 4.1 Ξ (12% ▽)

⬆️ Top by Sales:

• Springfield Punks, 5261 sales (duplicate)

• ANOMALY A.I. By Star Im, floor of 0.029 Ξ (21% ▽)

• Nounish Punk, floor of 0.06 Ξ (29% ▲)

• Shibuya Echoes, floor of 0.008 Ξ (38 ▽)

🪅 Biggest Winners:

• Springfield Apes By Rino Russo, floor of 0.09 Ξ (922% ▲)

• The Chimpsons, floor of 0.018 Ξ (466% ▲)

• Keungz Genesis, floor of 6.6 Ξ (65% ▲)

Other News

Web3

• Simpsons: featured blockchain and NFT topics in its latest episode, including Nyan Cat, BAYC, Cryptopunks, and Beeple

• BMW, BAYC: collaborate to showcase unique experiences at ApeFest

• Yuga, Magic Eden: to launch “contractually obligated” ETH royalty marketplace

• NETGEAR: teams up with SuperRare for its Meural Opus digital frames and teases the company’s upcoming culture-inspired NFT drop

• Monero: community hot wallet drained for its full balance of 2,675 $XMR; developers unsure of the source

• ApeFest: attendees have reported eye pain, burns, and temporary vision loss due to close distance to stage lights; Yuga investigates

• OpenSea: lays off 50% with severance, prepares for version 2.0 launch

• Bitfinex: warns of phishing attacks after customer service agent hack

Blockchain

• Bloomberg’s Jamie Coutts: blockchain adoption “unabated” amid bear

• Arbitrum DAO: approved staking proposal, yields distributed over 12 months

• ChainLight: security audit firm identified zkSync Era vulnerability that could have been exploited for $1.9B

Finance

• DappRadar: reports 32% increase in NFT trading volume in Oct.

• Aave: paused some markets following reports of a “certain feature” issue

• Voyager: observed burning $7.3M VGX tokens, speculators pump price; Voyager has not yet commented

Artificial Intelligence

• Elon, xAI: reveal new chatbot Grok is included with X Premium+

• Grimes, Slip.stream: partner to make over 200 AI generated songs with Grimes' voice available for creators

Government

• CFTC Commissioner: says new rules do not address LederX’s gray area, suggests regulation that closes the gap for customer protection

• South Korea: to re-impose short-selling ban until at least June

• HK: considers allowing retail access to spot crypto ETFs

Business

• Coinbase COO Emilie Choi: the company is “ready to hit the ground running” should ETF be approved; expects heightened liquidity, stability

• BTC Digital: purchased 220 new Bitcoin mining units, totaling 2,174

• Luxor: rejects claims its BTC hashrate-backed product is a repeat of BlockFi and Celsius

Legal

• Roger Ver: sues Matrixport over $8M frozen funds; claims founder Jihan Wu intentionally froze funds due to personal losses on CoinFLEX

• FTX debtors: requests the sale of $744M Grayscale, Bitwise trust assets to prepare for “forthcoming dollarized distributions to creditors”

• FTX advisers: comply with FBI subpoenas, disclose customer transaction and account data

• Bitcoin Magazine: claims Federal Reserve sent it a cease-and-desist, accusing it of trademark violations regarding the use of “FedNow”

• US Supreme Court: takes up Coinbase user agreement dispute to determine whether a judge or arbitrator should decide the outcome