Daily Market Update 1/16

In Today’s Market Update, We Cover Animoca Anichess x Chess.com & Magnus Carlsen, Solana Mobile Successor, Starbucks Korea NFTs, Mercedes NFT Gallery, and More.

Author

Jake
January 16, 2024

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

Animoca, Anichess: partners with Chess.com & Magnus Carlsen for innovative chess game

Starbucks Korea: launches “STARBUCKS STAR★LIGHT” NFT project encouraging use of personal cups

Solana Mobile: plans for second smartphone with same features, cheaper price point

Mercedes-Benz: shows off its in-car NFT gallery & AI assistant using LLM to interact with drivers with four “emotional profiles”

SZN2 Updates

📣 Announcements:

  • New Activation! Lifetime Tier Key Holders get 30-Day Access to EAT!

  • New Features! Orderbook, Favorites, Transfers, and More.

  • New Raffles! FUTROne #1544, Cobra Effect Pepe.

⏳️ What’s Up Next:

  • Mintify ERC721C Marketplace with Listing & Bidding XP

  • Creator Leaderboard, Loot Boxes, & more teasers

🎟️ Active Raffles:

NFT Market Recap

💰️ Notable Sales:
🎉 Notable Mints (EST):
⬆️ Top by Volume:
⬆️ Top by Sales:
🪅 Biggest Winners:
⛓️ NFT Vol. by Blockchain (24h):

  • ETH: $14M (14% ▲)

  • BTC: $12.8M (13% ▲)

  • SOL: $5.2M (5% ▽)

  • MATIC: $5.4M (65% ▲)

  • AVAX: $2.6M (16% ▽)

🪙 Top Tokens:

  • BTC: $ 42,979 (1.3% ▲)

  • ETH: $ 2,561 (1.6% ▲)

  • BNB: $ 316 (0.4% ▲)

  • SOL: $ 96 (3.1% ▲)

  • XRP: $ 0.575 (0.3% ▲)

📊 Market Stats:

  • Global Crypto Market Cap: $ 1.69T

  • BTC Dominance: 51.11%

  • BTC OI: $10.0B

  • Fear & Greed: 64

💹 Indices (Futures):

  • DOW: $37,630 (0.4% ▽)

  • S&P500: $4,798 (0.4% ▽)

  • NASDAQ: $16,933 (0.2% ▽)

  • FTSE100: $9,629 (0.3% ▽)

  • HSI: $2,020 (0.3% ▽)

Other News

Web3 & Blockchain:

  • Roope Rainisto: SMILE PFP collection on Solana on Jan. 30

  • Jupiter: sets airdrop for Jan. 31, teases memecoin to “test” system

  • Mysterious Ordinal: inscribed on Sunday, hinting at secret 10k cursed Ordinals collection created just before Jubilee upgrade

  • Fantom: cuts staking requirement by 90% to improve security, accessibility

  • Rabby Wallet: teases snapshot for users

  • Chainlink: integrates Circle’s CCTP for cross-chain transfers

  • Taiko: launches final testnet ahead of mainnet release expected in Q1; introduces “multi-proof based contestable rollup”

  • Ubisoft: to join WeMade’s WeMix blockchain node council

  • Michael Saylor: warns of deepfakes using his likeness to scam

Crypto & Financial Markets:

  • CoinShares Report: US crypto product weekly volume jumps to ATHs

  • Bitcoin: Binance derivatives long/short ratio hits multi-month highs

  • TrueUSD: depegs following reports of difficulty posting real-time attestations of reserves, outsized sell volume on Binance

  • Manta Pacific: becomes fourth largest scaling solution with $845M TVL

  • Bitcoin ETFs: introduce new risks; “double spending” shares, governance wars

  • Oxfam, Worlds Five Richest Men: doubled their wealth since 2020

AI, Quantum & Emerging Tech:

  • OpenAI: lays out plans to prevent misuse, deepfakes, protect democratic process leading into 2024 elections

Government, Policy & Regulation:

  • UN Report: USDT preferred payment method for money laundering, scams in Southeast Asia

  • Tether: UN report ignored the role USDT played in helping developing economies in emerging markets

Business, Corporate Strategy & Legal:

  • HashKey Group: reaches “unicorn” status with $100M raise at $1.2B valuation

  • OKX, Binance: to expand in Dubai, Thailand

  • Circle Report: shows USDC growth, adoption beyond speculative trading in Asia throughout 2023

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