Daily Market Update 1/12

In Today’s Market Update, We Cover Axie Infinity $SLP Rework, HYCHAIN Migrations & Node Sale, Rabbit R1 Sells Out, Franklin Templeton Lowers Fees, and More.

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

Axie Infinity, $SLP: rework brings supply cap, “stability fund” with intention to bring the deflation rate to 2%

Franklin Templeton: competatively reduces BTC ETF fee to 0.19%, new cheapest management rate

HYCHAIN: expands to integrate partner games, migrate to Arbitrum’s Anytrust technology, upcoming node sale

Rabbit Tech R1: sells out 10k “pocket companion” LAM AI assistants following viral CES presentation

SZN2 Updates

📣 Announcements:
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⏳️ What’s Up Next:
  • Mintify ERC721C Marketplace with Listing & Bidding XP

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🎟️ Active Raffles:

NFT Market Recap

💰️ Notable Sales:
🎉 Notable Mints (EST):
⬆️ Top by Volume:
⬆️ Top by Sales:
🪅 Biggest Winners:
⛓️ NFT Vol. by Blockchain (24h):
  • ETH: $18.2M (22% ▲)

  • BTC: $13.5M (25% ▽)

  • SOL: $9M (66% ▲)

  • MATIC: $5.4M (12% ▽)

  • AVAX: $2.3M (12% ▽)

🪙 Top Tokens:
  • BTC: $ 45,219 (5.8% ▽)

  • ETH: $ 2,706 (1.2% ▲)

  • BNB: $ 309 (1.2% ▽)

  • SOL: $ 98 (6.1% ▽)

  • XRP: $ 0.598 (2.3% ▽)

📊 Market Stats:
  • Global Crypto Market Cap: $ 1.78T

  • BTC Dominance: 51.52%

  • BTC OI: $10.6B

  • Fear & Greed: 71

💹 Indices (Futures):
  • DOW: $37,829 (0.3% ▽)

  • S&P500: $4,819 (0.1% ▲)

  • NASDAQ: $16,970 (0.1% ▽)

  • FTSE100: $9,750 (0.7% ▲)

  • HSI: $2,076 (0.3% ▽)

Other News

Web3 & Blockchain:
  • Taproot Wizards: to launch “OP_CAT” Ordinals with “covenants” & Evolving Inscriptions

  • Find Satoshi Labs, Gas Hero: claiming trending spots on Polygon despite being blocked in 16 regions including US, Mainland China

  • LooksRare: launches Poke the Bear game of chance on Arbitrum

  • Polygon CDK-powered Libre: launch for compliant alternative, RWAs

  • Taki: merger, acquisitions, rebrands for play-to-earn games on Polygon

  • Telcoin: restores user balances following $1.2M exploit, deposits surge

  • Solana MEV Bot: scores $1.8M back-running $WIF memecoin trades

Crypto & Financial Markets:
  • Day One Bitcoin ETFs: clear $4.5B in volume, beating expectations

  • Halborn COO: concentration of risk with majority of BTC ETF issuers choosing Coinbase as custodian

  • Cathie Wood: BTC could reach $1.5M by 2030 in the bullish scenario

  • JPMorgan: Bitcoin mining stocks “due for a breather” over short-term

  • Moody Analysts: Bitcoin ETFs too small to impact broader investment landscape, “watershed” moment for the industry

  • Wedbush, Coinbase: to benefit from custodial role in majority of new ETFs

  • BlackRock CEO: “I see value in having an Ethereum ETF”, Bitcoin ETF approval is a stepping stone

AI, Quantum & Emerging Tech:
  • OpenAI-Backed 1X: secures $100M to build humanoid robot for autonomous housework

Government, Policy & Regulation:
  • IRS: waiving 2020, 2021 “failure to pay” crypto tax fees until March

  • South Korea FSC: domestic brokerage of new Bitcoin ETFs may conflict with countries laws

Business, Corporate Strategy & Legal:
  • UBS, Citigroup: to allow some clients access to new Bitcoin ETFs

  • Vanguard, Merrill Lynch: not yet providing access to Bitcoin ETFs

  • MicroStrategy Bitcoin Holdings: worth $1B more than the company excluding leverage

  • CoinShares: exercises option to acquire Valkyrie Investments ETF unit

  • SEC: seeks court to order Ripple disclose financial statements, sales contacts related to institutional sales of $XRP

  • Terra Do Kwon: requests SEC trial delay, otherwise risks unattendance

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