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Daily Market Update 12/29

Daily Market Update 12/29

In Today’s Market Update, We Cover Vitalik's Blog Post, India Blocking Exchanges, LUNA & MIR Ruled Securities, Nemus Selling Indigenous Land, and More.

Jake
December 29, 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

Vitalik: Web3 vision “faded” when “degen gamblers” are “the only audience that remains willing to pay” high fees

Terraform Labs, Judge: agrees with SEC, LUNA & MIR tokens are securities

Nemus: selling indigenous Amazonian land as NFTs without inhabitants knowledge

India: blocking Binance, Kraken, Kucoin & others alleging illegal operations

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
Doing Biz Vinnie Hager
FUTR One x 3
Otherdeed #79244
Sandbox Land (91,84)

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

NFT Market Recap

💰️ Notable Sales:

175 Ξ Autoglyphs #113
93.83 Ξ Autoglyphs #346
75 Ξ Fidenza #57

🎉 Notable Mints (EST):

12:00 PM RenAI: ‘Paradise Lost’ on BrainDrops

⬆️ Top by Volume:

INSC(Ins-20), floor of 0.001 Ξ (99% ▽) EXPLOITED
BAYC, floor of 26.5 Ξ (2% ▽)
MATR1X KUKU, floor of 2.86 Ξ (6% ▽)

⬆️ Top by Sales:

JeerGirl, floor of 0.38 Ξ (10% ▽)
Warlords of Champion Tactics, floor of 0.19 Ξ (12% ▽)
Gh0stly Gh0sts, floor of 0.15 Ξ (11% ▽)

🪅 Biggest Winners:

The Wanderers, floor of 0.11 Ξ (113% ▲)
XOCIETY Frontier, floor of 0.3 Ξ (98% ▲)
KokoDi, floor of 0.14 Ξ (78% ▲)

⛓️ NFT Vol. by Blockchain (24h):

ETH: $11.4M (8% ▲)
BTC: $19.6M (6% ▲)
SOL: $7M (36% ▽)
MATIC: $1.8M (12% ▲)
IMX: $698k (8% ▲)

🪙 Top Tokens:

BTC: $42,686 (0.6% ▲)
ETH: $2,359 (0.3% ▽)
BNB: $313 (4.3% ▽)
SOL: $108 (7.9% ▲)
XRP: $0.632 (0.2% ▲)

📊 Market Stats:

Global Crypto Market Cap: $1.70T
BTC Dominance: 51.23%
BTC OI: $10.2B
Fear & Greed: 65

💹 Indices (Futures):

DOW: $38,019 (0.02% ▽)
S&P500: $4,830 (0.04% ▽)
NASDAQ: $17,086 (0.01% ▽)
FTSE100: $9,841 (0.4% ▽)
HSI: $2,174 (0.02% ▽)

Other News

Web3 & Blockchain:

Starbucks Korea: to promote use of personal cups with Polygon NFTs
Kai Cenat: shows off his Pudgy Penguins plushy to thousands of viewers
De.Fi Report: Crypto Users lost $2B to hacks, scams, exploits in 2023
OKX: delisting privacy tokens $DASH, $XMR, $ZCH for unspecified reasoning

Crypto & Financial Markets:

Bitcoin Miners: reserves falls $129M in a day, lowest point since May
Bitcoin Net Outflows: $1.19B left centralized exchanges on Wed.
$SOL, $BNB: market cap neck and neck the past week
Blast: deposits break $1.1B; L2, airdrop launch set for May
Avalanche Foundation: acquiring meme coins for its “Culture Catalyst” program

AI, Quantum & Emerging Tech:

Baidu’s Ernie Bot: AI LLM hits 100M users since August debut

Government, Policy & Regulation:

Indonesia: expecting in-country exchanges to register with bourse or shutdown

Business, Corporate Strategy & Legal:

Binance: user base grew 30% this year despite US legal settlements
Celsius, Judge: approves pivot to Bitcoin mining in bankruptcy plan
SEC: charges New Jersey resident over “fraudulent securities offering”

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