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Daily Market Update 12/28

Daily Market Update 12/28

In Today’s Market Update, We Cover Starbucks Odyssey, Axie Origins, Spot Bitcoin ETF Fully Backed, NYT Sues OpenAI & Microsoft, and More.

Jake
December 28, 2023

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

Starbucks Odyssey: taking top 20 members to all expenses paid Costa Rica trip

Spot Bitcoin ETFs: to be fully backed by Bitcoin, not “paper” or fractional reserves

Axie Origins, Balance Updates: Axie Parts to be added for Season 7

NYT: sues OpenAI, Microsoft for allegedly improperly using its articles to train AI models

SZN2 Updates

📣 Announcements:

New Features! Delegate Wallet, Shift to Select, Custom Layouts
New Raffles! Sandbox Land (91,84), Otherside Vessel #84963
Listing & Bidding XP, FUTR One, Creators, $ME, and [redacted]

🎟️ Active Raffles:

Sugartown Oras #4847
Valhalla #8202
Lil Pudgy #9159
Doing Biz Vinnie Hager
FUTR One x 3
Otherdeed #79244
Sandbox Land (91,84)

y00t #1893
Opepen #14962
Chimpers #1528
Bean #4967
Gutter Cat #2852
Valhalla #6342
Otherside Vessel #84963

NFT Market Recap

💰️ Notable Sales:

130 Ξ CryptoPunks #4506
2500 SOL BOOGLE
23.69 Ξ The Last Prayer on SuperRare

🎉 Notable Mints (EST):

11:00 AM The Omakase Show: ‘Resonance’ on Foundation
02:00 PM RogerDickerman: 24 Hours of Art on TransientLabs
10:00 PM CALIVERSE

⬆️ Top by Volume:

BAYC, floor of 26.5 Ξ (1% ▽)
MATR1X KUKU, floor of 2.97 Ξ (5% ▽)
DeGods, floor of 3.08 Ξ (5% ▽)

⬆️ Top by Sales:

INSC(Ins-20), floor of 0.12 Ξ (10% ▽)
JeerGirl, floor of 0.34 Ξ (70% ▲)
Gh0stly Gh0sts, floor of 0.16 Ξ (47% ▽)

🪅 Biggest Winners:

Rare Apepe Yacht Club, floor of 0.094 Ξ (154% ▲)
Project AEON, floor of 0.18 Ξ (70% ▲)
YAYO NFT, floor of 0.29 Ξ (60% ▲)

⛓️ NFT Vol. by Blockchain (24h):

ETH: $11.7M (16% ▲)
BTC: $17.9M (15% ▲)
SOL: $10M (9% ▽)
MATIC: $1.6M (4% ▲)
IMX: $640k (20% ▽)

🪙 Top Tokens:

BTC: $42,670 (0.5% ▽)
ETH: $2,377 (1.5% ▲)
BNB: $329 (6.5% ▲)
SOL: $100 (6.8% ▽)
XRP: $0.63 (0%)

📊 Market Stats:

Global Crypto Market Cap: $1.69T
BTC Dominance: 51.29%
BTC OI: $10.2B
Fear & Greed: 73

💹 Indices (Futures):

DOW: $38,004 (0%)
S&P500: $4,834 (0.05% ▲)
NASDAQ: $17,121 (0.05% ▲)
FTSE100: $9,914 (0.7% ▲)
HSI: $2,184 (2.5% ▲)

Other News

Web3 & Blockchain:

Xai Gaming: airdrop delayed to next week, details TBA
PancakeSwap: proposes reducing maximum token supply; $CAKE rallies
2024 Airdrops: Portal, Xai, Saga, Layer Zero
2023 Airdrops: netted users over $4.5B in “free” crypto
Vitalik: proposes three ways ETH’s PoS consensus mechanism can be simplified

Crypto & Financial Markets:

Reboot, $GG: to launch on Bybit on 12/29
Solana $BONK: tumbles 50% after massive 17.2k% yearly gains
$ETH, $OP, $ARB, $MATIC: rally as attention rotates to EVM chains
ARK Invest: sells remaining $GBTC, buys into $BITO ahead of new year, ETF developments
Deribit Bitcoin, Ether: $11B options contracts expiring tomorrow
Arkham Report: Trump sold $2.4M $ETH over past three weeks, still holds $2M $ETH

Government, Policy & Regulation:

Argentina Milei: proposes incentives for declaring domestic, foreign crypto holdings

Business, Corporate Strategy & Legal:

GBA Capital Fund: reportedly commits to invest $10B in Web3

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