Daily Market Update 2/07

In Today’s Market Update, We Cover DeGods & y00ts x Wormhole, Bluesky Public Launch, US SEC on Securities Dealers, Craig Wright x COPA Case, and More.

Author

Jake
February 07, 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

Wormhole calls out DeGods and y00ts holders, saying, "It was never just a bridge." and prompting users to join their discord

Metamask integrates Robinhood, allowing users to access the company's low-cost order engine for buying Ethereum-based tokens

WeWork co-founder Adam Neumann seeks to buy the company out of bankruptcy, "partnering" with Third Point hedge fund

Jack Dorsey-backed Bluesky opens to the public after a year-long invite-only beta as decentralized social media Farcaster picks up steam

Craig Wright denies forging evidence he is Satoshi, cites self-plagiarism, poor multitasking skills, and more as an explanation for inconsistencies

US SEC widens its definition of a "dealer," noting DeFi protocols are not exempt from the required securities dealer registration

SZN2 Updates

📣 Announcements:

  • SZN3 is LIVE! Buy, Bid, List, Accept Offers on the Mintify Marketplace!

  • FUTR Multiplier! Our PFP FUTR now grants a multiplier on XP earned!

  • Curated Collections! Trade from these for maximum XP rates!

  • Find everything you need to know in our Mirror Article!

⏳️ What’s Up Next:

  • LootBoxes, Full & In-App Notifications, Wallet Tracking, Drag & Drop Modules, Sharing Custom Layouts, Creator Leaderboard, & More

NFT Market Recap

💰️ Notable Sales:
🎉 Notable Mints (EST):

  • 11:00 AM Daichi Mori: ‘Frogs of Yakushima’ on Verse

  • 12:00 PM Pindar Van Arman: ‘Reflection’ on SovrnArt

  • 01:00 PM Matt DesLauriers: ‘Sierra’ on Avant Arte

  • 01:00 PM hiroji kotegawa: ‘Cyber Sea’ on Gamma

⬆️ Top by Volume:
⬆️ Top by Sales:
🪅 Biggest Winners:

  • DeFrogs, floor of 0.53 Ξ (253% ▲)

  • Pandora, floor of 6.97 Ξ (68% ▲)

  • NFTrees, floor of 9.5 Ξ (59% ▲)

⛓️ NFT Vol. by Blockchain (24h):

  • ETH: $21.5M (18% ▲)

  • BTC: $7.4M (12% ▽)

  • SOL: $455k (39% ▽)

  • MATIC: $1.2M (1% ▲)

  • AVAX: $930k (1% ▲)

🪙 Top Tokens:

  • BTC: $ 43,057 (0.4% ▽)

  • ETH: $ 2,378 (1.3% ▲)

  • BNB: $ 303.81 (0.3% ▲)

  • SOL: $ 96.29 (0.7% ▲)

  • XRP: $ 0.504 (0%)

📊 Market Stats:

  • Global Crypto Market Cap: $ 1.67T

  • BTC Dominance: 52.5%

  • BTC OI: $10.1B

  • Fear & Greed: 62

💹 Indices (Futures):

  • DOW: $38,780 (0.4% ▲)

  • S&P500: $5,004 (0.6% ▲)

  • NASDAQ: $17,814 (0.9% ▲)

  • FTSE100: $9,603 (0.4% ▽)

  • HSI: $2,051 (0.3% ▽)

Other News

  • Hedera signs a $250M, five-year agreement with the Saudi Ministry of Investment to launch the DeepTech Venture Studio

  • Prometheum, the only US-registered crypto securities platform, plans to begin custody operations with Ethereum in the coming months

  • Microstrategy acquired another 850 BTC ($37.2M) in Jan., bringing holdings to a new total of 190k BTC ($8.2B)

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