Daily Market Update 8/07

In Today’s Market Update, We Cover Paypal’s Stablecoin, August Token Unlocks, NFT Trader’s 800 ETH Profit, 𝕏 Never Launching a Token, and More.

Author

Jake
August 07, 2023

Your daily crypto and NFT recap brought to you every morning by the Mintify team. Questions or feedback? Feel free to email us at [email protected].

Our Pick of Today’s Top News Articles

PayPal reveals its stablecoin designed for Web3 payments and backed by highly liquid and secure assets

NFT trader scores 800 ETH profit by tricking rival trader's bot

SAND, WLD, AVAX, OP, and INJ are set for token unlocks this month

Elon says 𝕏 will never launch a token

NFT Market Recap

💰️ Notable Sales:
🎉 Notable Mints:

GRAILS IV by PROOF

Welcome to the latest season of PROOF’s marquee art collector experience: Grails IV.

We’re bringing 20 artists with limited edition, series, and generative artworks.

As always, artist identities are kept secret until the post-mint live reveal event.

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Threads by Professor Jun

In Threads, threads run through 3D space: one thread can hide another; they travel side by side or cross each other; when combined, patterns and key moments emerge on the canvas.

“My work seeks to symbolize this form which is both discreet and fundamental.”

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🔊 Top by Volume:
💨 Top by Sales:
🫰 Biggest Winners:
⛓️ NFT Weekend Volume:

  • ETH: $11.9M (11% ▽)

  • BTC: $875k (33% ▽)

  • SOL: $1.6M (14% ▲)

  • MATIC: $1.02M (3% ▲)

🪙 Top Tokens:

  • BTC: $28,954 (0.2% ▽)

  • ETH: $1,825 (0.13% ▽)

  • BNB: $241 (0.9% ▽)

  • XRP: $0.61 (2.7% ▽)

  • DOGE: $0.0736 (1.2% ▽)

📊 Market Stats:

  • Global Crypto Market Cap: $1.16T

  • BTC Dominance: 50.31%

  • BTC OI: $9.73B

  • Fear & Greed: 49

💹 Indices:

  • DOW: $35,373 (0.9% ▲)

  • S&P500: $4,504 (0.6% ▲)

  • NASDAQ: $13,929 (0.2% ▲)

In other news…

📰 Top Headlines:
Web3

  • PayPal reveals its stablecoin designed for Web3 payments and backed by highly liquid and secure assets

  • Beeple Studios will host a CryptoPunk meetup on Sept 30 in Charleston, SC

  • Huobi TVL drops to $2.5B from $3.09B in July amid insolvency rumors

  • ApeCoin DAO releases a handbook guide for both novice and veteran token holders

Blockchain

  • Base sees over $110M in value bridged to it

Finance
Government

  • Kenyan Police raid Worldcoin's Nairobi Warehouse

Business

  • Elon says 𝕏 will never launch a token

  • Coinbase aims to introduce leverage and other services for financial institutions

Legal

  • Coinbase seeks to dismiss SEC lawsuit, alleging crypto falls outside the agencies oversight

  • FDIC sends cease and desist notice to Unbanked, Inc, citing false and misleading claims regarding insurance

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