Daily Market Update 2/19

In Today's Market Update, We Cover Yuga Acquires PROOF, BAYC Teases IRL Clubhouse, VeeFriends x Menswear Dog, ETH the Next "Institutional Darling," and More.

Author

Jake
February 19, 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

Yuga Labs acquires PROOF, including the Collective, Moonbirds, Oddities, Mythics, and Grails exhibition series

VeeFriends, Menswear Dog collab for Feb. 21 limited fashion drop

Moonbirds insider trading speculated as the collection rallied days before formal annoucement

Bored Ape Yacht Club teases plans for future IRL Clubhouse as community warms up to PROOF ecosystem acquisition

ETH next “institutional darling;” “probably the only other digital asset” to get SEC spot ETF approval

CW’s sister testifies he was once dressed as a ninja, in a room full of computers, as evidence he created BTC

SZN3 Updates

📣 Announcements:

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

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⏳️ What’s Up Next:

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NFT Market Recap

💰️ Notable Sales:
🎉 Notable Mints (EST):

  • 12:00 PM Anika Meier x Margaret Murphy: ‘PASTICHE’ on Foundation

  • Feb. 20 1:00 AM Empress Trash: ‘Sharp Objects’ on Emergent Properties

⬆️ Top by Volume:
⬆️ Top by Sales:
🪅 Biggest Winners:
⛓️ NFT Vol. by Blockchain (7d):

  • ETH: $134.8M (15% ▽)

  • BTC: $46.7M (2% ▽)

  • SOL: $48.1M (5% ▽)

  • MATIC: $6.2M (25% ▽)

  • MYTH: $6.6M (6% ▲)

🪙 Top Tokens:

  • BTC: $ 52,160 (1% ▲)

  • ETH: $ 2,907 (3.6% ▲)

  • BNB: $ 352.77 (0.1% ▽)

  • SOL: $ 113.30 (1.8% ▲)

  • XRP: $ 0.558 (0.2% ▲)

📊 Market Stats:

  • Global Crypto Market Cap: $ 1.99T

  • BTC Dominance: 53.31%

  • BTC OI: $13.0B

  • Fear & Greed: 75

💹 Indices (Futures):

  • DOW: $38,726 (0.1% ▲)

  • S&P500: $5,025 (0.1% ▲)

  • NASDAQ: $17,780 (0.2% ▲)

  • FTSE100: $9,725 (0.3% ▲)

  • HSI: $2,069 (0.02% ▲)

Other News

  • Vitalik voices excitement for AI-assisted code verification, citing “bugs in code” as ETH’s biggest technical risk

  • Bitcoin’s stall at $52k may signal “imminent pullback”, Swissblock reports; 10x Research sets $57.5k target for next leg up

  • ARK Invest sold $90M in Coinbase (COIN) shares after 27% rally

  • AltLayer secures $14.4M in strategic funding round to expand infra

  • Revolut to introduce new crypto exchange for “advanced traders”

  • Backpack exchange partners with Banxa crypto on/off-ramp provider

  • JPMorgan analyst criticizes Coinbase’s clarity into its ETF business, uncertain the ETF impact can outweigh loss of volume in spot markets

  • OpenAI reportedly concludes investor deal for $80B+ valuation

  • EU reportedly to fine Apple 500M euros ($539M) over alleged breaches of EU competition law

  • SBF sentencing next month could see reduced prison time

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