Daily Market Update 12/18

In Today’s Market Update, We Cover Mysten Labs x Red Bull, Flooring Protocol Exploit, Grimes x OpenAI, BlockShow x BlockDown, 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

Mysten Labs, Red Bull Racing: “Oracle Red Bull Racing Champions” free mint on Sui via Bybit

BlockShow, BlockDown: partner for Web3 festival-like 2024 HK event

Tether: reassures lawmaker concerns, committed to assisting law enforcement, “seeks to be a world class partner to the US”

Flooring Protocol: exploited, ~$2M NFTs stolen; users must revoke permissions

Grimes, OpenAI: AI-powered children’s plush toys, curb screen time

FTX Reorganization Plan: crypto claim value based on petition date rather than current prices

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:
🎉 Notable Mints (EST):
  • 10:00 AM Sebastián Brocher: ‘Fluiroso’ on ArtBlocks

  • 11:00 AM Meme Card #180: ‘Allegory of a Cycle’ by Victor Mosquera

  • 12:00 PM MAN WITH AI MOVIE CAMERA by Dan Sickles

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

  • 02:00 PM Champions Tactics: The Warlords

⬆️ Top by Volume:
⬆️ Top by Sales:
🪅 Biggest Winners:
⛓️ NFT Vol. by Blockchain (7D):
  • ETH: $91.3M (2% ▽)

  • BTC: $365.8M (263% ▲)

  • SOL: $92.3M (39% ▲)

  • MATIC: $11.6M (31% ▽)

  • IMX: $5M (24% ▽)

🪙 Top Tokens:
  • BTC: $41,658 (0.1% ▲)

  • ETH: $2,171 (1.7% ▽)

  • BNB: $239 (0.7% ▽)

  • XRP: $0.599 (2.5% ▽)

  • SOL: $71.47 (0.9% ▽)

📊 Market Stats:
  • Global Crypto Market Cap: $1.63T

  • BTC Dominance: 53.46%

  • BTC OI: $10.0B

  • Fear & Greed: 65

💹 Indices (Futures):
  • DOW: $37,728 (0.2% ▲)

  • S&P500: $4,784 (0.3% ▲)

  • NASDAQ: $16,859 (0.2% ▲)

  • FTSE100: $9,634 (0.1% ▲)

  • HSI: $2,148 (0.9% ▽)

Other News

Web3 & Blockchain:
  • Overworld Co-Founder: addresses mint issues, reveals plan to compensate failed WL minters

  • Proposal ERC3643: reaches final stage; compliant RWA tokenization

  • Voi: Algorand fork attempts reboot with new testsnet, wont inherent chain’s state, will have native token

  • Manta Pacific: adopts Celestia’s module data availability solution to reduce transaction fees

  • Solana: assessing Saga smartphone demand following $BONK FOMO-induced US-sellout, open to next-generation

  • NFT Trader Exploit: $3M+ NFTs stolen in exploit of an old contract, funds returned & vulnerability resolved

Crypto & Financial Markets:
AI, Quantum & Emerging Tech:
  • Alibaba: AI video model using cascaded diffusion, Pika Labs & Stability AI competitor

  • Resemble AI: new open-source tool to upgrade historical audio quality

  • ChatGPT: geographic bias on environmental justice issues, Virginia Tech report

Government, Policy & Regulation:
  • Grayscale: examining GBTC tax implications associated with spot ETF uplisting, retail redemptions

  • Campaign for Accountability: doubles down on Circle-Tron relationship, money laundering claims

  • BOK Governor: urges central banks to consider launching CBDCs, widespread stablecoin adoption could impair monetary policies

  • Palau: extends partnership with Ripple for its CBDC phase 2

Business, Corporate Strategy & Legal:
  • Hut 8, Celsius: new Cedarvale, Texas mining site to build equity

  • Coinbase: to challenge SEC denial of petition to clarify new crypto rules

  • FTX: losing $53k every hour on “bankruptcy fees”, filings show

If you enjoy our curated Market Recaps, consider sharing and following us on socials!

© 2023 Mintify Inc / Twitter / Discord - Built with ❤️ and ☕️ in New York