Daily Market Update 12/14

Top Stories

SZN2 Updates

📣 Announcements:

• Earn XP through “Direct Minting” on Mintify

• Revealer 2.0, Blockaid integration, Custom Gas Presets, Site Actions

• Now supporting Valeria Games, SuperRare, Reservoir, and Zora listings

🎟️ Active Raffles:

NFT Market Recap

💰️ Notable Sales:

• 79.3 Ξ CryptoPunks #553

• 63 Ξ CryptoPunks #1333

• 42.7 Ξ Pudgy Penguins #7705

🎉 Notable Mints (EST):

• Several mints have postponed amid Ledger Connector Library issues

• 11:00 AM GRAILS V by PROOF

• 11:15 AM Sean Elliott: ‘Long Form Blots’ on fxhash

• 11:30 AM ippsketch: ‘Paradigm’ on fxhash x TENDER

• 12:00 PM Casey REAS: ‘There’s No Distance’ on fxhash x bitforms

• 01:00 PM OpenSea x Courtyard.io: The Holiday Box

• 02:00 PM LVCIDIA//: EXPERIENCE 005 3 DIMENSIONAL

⬆️ Top by Volume:

• MATR1X KUKU, floor of 2.9 Ξ (4% ▽)

• Creepz By OVERLORD, floor of 3.3 Ξ (10% ▲)

• Pudgy Penguins, floor of 10.75 Ξ (8% ▲)

⬆️ Top by Sales:

• AlignDRAW, floor of 0.23 Ξ (89% ▽)

• Poglin: Nycra, floor of 0.21 Ξ (12% ▲)

• Descendants Of Smurfcat, floor of 0.24 Ξ (19% ▽)

🪅 Biggest Winners:

• The Bornless: Collection 1, floor of 0.8 Ξ (128% ▲)

• Skyborne - Nexian Gems, floor of 0.44 Ξ (99% ▲)

• Skyborne - Genesis Immortals, floor of 0.06 Ξ (53% ▲)

Other News

Web3 & Blockchain:

• Animoca Brands, T&B Media Global: partner to enhance digital property rights in gaming, open metaverse, NFT cross-promotion

• Raini Game Studio: new ownership, joint venture; development on new game, $RST token on Base

• Worldcoin: ID 2.0 integrates Shopify, Mercado Libre, Reddit, Telegram

• Prohibition, Santa.fm: decentralized gifting to launch for holidays

• Floor, CrystalDash: integrate for Portal point offerings

• Coti Protocol: to transition to scalable, privacy-focused ETH L2 in 2024

• Cronos Labs: to launch L2 zkEVM based on Matter Labs’ tools

• Hitachi, Concordium: to create biometric wallet “proof of technology”

• Iota ShimmerEVM, Fireblocks: integrate for institutional custody of tokenized RWAs

Crypto & Financial Markets:

• Fed Holds Rates Steady: expected 5.25% - 5.5% range, Bitcoin steady

• Bitwise Report, Bitcoin: $80k in 2024, stablecoins to settle more than Visa

• JPMorgan Report, Bitcoin: halving “largely priced in,” ETH could outperform in 2024

• ARK Invest: sells $42.6M $COIN shares amid 20-month highs

• Yearn.Finance: asks arbitrage traders to return $1.4M after multisig scripting error

• Coinbase: soon offering spot BTC, ETH trading outside the US; gradual rollout

• Blockstream: to sell Bitcoin-denominated BASIC notes for exposure to ASIC rigs at “historically low prices”

• Cantor Fitzgerald CEO: fan of Tether and Bitcoin, others are “make believe”

AI, Quantum & Emerging Tech:

• OpenAI, Axel Springer: collab to exchange enhanced user-access, accessibility features

• Queen Guitarist Brian May: 2023 last year AI, human-written music is distinguishable from one another

• ARK Invest: open-source LLMs gaining ground on private models, can outperform in 2024

Government, Policy & Regulation:

• SEC: insisting ETF applicants opt for cash create, redeems rather than in kind

• CFTC: rule requiring DCOs to segregate customer, company funds open for feedback

• CFTC: approves Bitnormal to register as crypto derivatives clearing house

Business, Corporate Strategy & Legal:

• Line Next: raises $140M to expand reach, services; upcoming marketplace

• X User: publicly disclosed critical vulnerability, dropped from bug bounty, bug addressed

• Liquidators, Su Zhu: questioned in attempted recovery of billions lost in 3AC bankruptcy

• FTX Bankruptcy Judge: moves to speed up customer fund recovery efforts