Daily Market Update 11/07

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:

• 600 Ξ CryptoPunks #7458

• 100 Ξ V1 Cryptopunks #5577

• 100 Ξ Fidenza #985

🎉 Notable Mints (EST):

• 12:00 PM Eric Andwer: ‘Constraint’ on Verse

• 12:00 PM Sui Jianguo: ‘Nibiru’ on PaceGallery

⬆️ Top by Volume:

• BAYC, floor of 28.3 Ξ (0.4% ▽)

• Springfield Punks, floor of 0.069 Ξ (72% ▽)

• The Captainz, floor of 3.8 Ξ (9% ▽)

⬆️ Top by Sales:

• The Joes, floor of 0.01 Ξ (13% ▽)

• BlockGames Dice, floor of 0.29 Ξ (44% ▲)

• ANOMALY A.I. By Star Im, floor of 0.037 Ξ (28% ▲)

🪅 Biggest Winners:

• SupDucks, floor of 0.17 Ξ (334% ▲)

• Skyborne - Nexian Gems, floor of 0.14 Ξ (101% ▲)

• OnChainMonkey, floor of 2.4 Ξ (85% ▲)

Other News

Web3

• CoolCats, Animoca, San FranTokyo: tease manga, IP endeavors

• Coinbase: alerts Bitcoin SV must be withdrawn before Jan. 9; BSV assets will be liquidated and credited to accounts

• Yuga Social Lead: resigns after offensive tweets resurface

• Fake Ledger: on Microsoft app store makes off with nearly $1M

Blockchain

• SK Telcom, Aptos, Atomrigs Lab: to develop Web3 wallet service

• ShuttleFlow: will shut down, ownership and tech stack will transfer to Zero Gravity; user funds are secure and will migrate

• Bitcoin fees: jump to highest in six months as Ordinals demand returns

Finance

• LHV Bank founder: lost private key to $470M ETH, offers to pay someone to recover the funds

• Crypto products: surge with $767M inflows over 6 weeks, led by Bitcoin

• Hedge funds: close Oct. holding record net short position in US Treasuries

• Cathie Wood: would choose Bitcoin over gold “hands down”

• Llama: raises $6M seed funding to improve blockchain governance

• Moodys: launches AI stablecoin service to predict probable depeggings

Artificial Intelligence

• OpenAI: launches custom no-code GPTs for subscribers

• OpenAI Copyright Shield: to cover legal costs for business-tier ChatGPT users who run into issues surrounding copyright infringement

• Xbox: reveals generative AI toolkit for game developers

• Meta: bans usage of its generative AI tool for political advertisers

• SingularityNET CEO: artificial general intelligence is “three to eight years” away

• Scammers: running fake AI-generated law firm threaten bogus DMCAs

Government

• OIG: asserts SEC’s crypto oversight is “limited and still developing”

• Rep. Tim Burchett: cut Gary Gensler’s salary to $1 as part of wider proposal for SEC defunding

• Indian authorities: arrest 18 for suspected involvement in $300M scam

Business

• FTX restart: bidders includes Proof Group, Figure, Tribe Capital

• Kraken: reportedly considering Polygon, Matter Labs and Nil, among others, to build its L2 network

• X: reportedly developing a marketplace for unused, idle @handles

• WeWork: files for bankruptcy, citing “comprehensive reorganization”

Legal

• Bitboy: files another lawsuit over his “unlawfully stolen” Lamborghini