Daily Market Update 11/08

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:

• 92 Ξ CryptoPunks #3866

• 68 Ξ CryptoPunks #1959

• 38.7 Ξ Pudgy Penguins #4111

🎉 Notable Mints (EST):

• 01:00 PM Mount Vitruvius: ‘Trichro-matic’ on ArtBlocks

• 03:00 PM ClickCreate: ‘Amphitrítē’ by AylaelMoussa and LifeWithArt – Curated by CATH Simard

⬆️ Top by Volume:

• BAYC, floor of 30.7 Ξ (6% ▲)

• MAYC, floor of 5.8 Ξ (5% ▲)

• Azuki, floor of 6 Ξ (8% ▲)

⬆️ Top by Sales:

• Springfield Punks, floor of 0.04 Ξ (43% ▽)

• ANOMALY A.I. By Star Im, floor of 0.05 Ξ (33% ▲)

• Springfield Punks Treehouse Of Horror, floor of 0.015 Ξ (49% ▽)

🪅 Biggest Winners:

• Tolteca Pepes, floor of 0.061 Ξ (172% ▲)

• KPR, floor of 0.13 Ξ (123% ▲)

• Nounish Punk, floor of 0.11 Ξ (83% ▲)

Other News

Web3

• Square Enix: will issue Symbiogenesis NFTs to active discord users

• Lionel Messi: joins Sergio Leonel Agüero’s Krü Esports as a co-owner

• NBA Top Shot: debuts Victor Wembanyama NFTs

Blockchain

• Avail: prepares for incentivized testnet for validators and operators

• Sui, Space and Time: partner to equip developers with full stack of zk-proof-based tools

• The Graph: plans to add AI-assisted querying via LLMs as part of newly announced suite of features

• Nil Foundation: announces upcoming rollup network called “=nil;”

Finance

• Glassnode: data suggests Bitcoin’s accumulation coincides with available supply hitting new historical low; long-term holders add

• Matrixport report: ETH shifts deflationary, heightened network activity

• Ark Invest: sells $3.8M $GBTC, buys $5.6M $SQ

Artificial Intelligence

• IBM: launches $500M fund for enterprise generative AI development

• Neuralink: implant vision chip years away but seeks human volunteers; groups allege securities fraud, demand testing on animals cease

• YouTube: testing AI for comment organization, real-time chats on video topics

• Hollywood Studios: caves on actors’ anti-AI strike, offers concessions

Government

• FTC: takes up regulatory role over AI to protect consumers, competition

• US CFPB: proposes rule to allow it to supervise large non-bank digital wallet and app providers

Business

• Robinhood: expanding crypto trading into EU, UK in the coming weeks

• sFOX: offers commission-free “gateway” staking, regulated custody

• Custodia Bank: launches Bitcoin custody service targeting institutions

• Tokenet: launched by ex-Cantor Fitzgerald execs, expecting spot Bitcoin ETF approval, influx of institutional clients

• Circle: reportedly considering early 2024 IPO after failed $4.5B merger

• Coatue: marks down OpenSea, MoonPay investment valuation by 90%

• CoinDesk: documents SBF’s “Wildest, Craziest, Dumbest Trades”

Legal

• Wintermute: threatens legal action against Near Foundation, Aurora for backing out of $11M redemption deal