Daily Market Update 8/08

In Today’s Market Update, We Cover Salvator Mundi NFTs, a Whale Burning 2.5k $ETH, Tether CTO on PayPal Stablecoin, and More.

Author

Jake
August 08, 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

Digital assets platform ElmonX will mint Leonardo da Vinci's Salvator Mundi

Whale sends 2,500 ETH to the burn address

Tether CTO Paolo Ardoino says PayPal stablecoin won't impact USDT

NFT Market Recap

💰️ Notable Sales:
🎉 Notable Mints:

GrailersDAO: Fold by rudxane

Grailers DAO introduces ‘Fold’, Rudxane’s debut long-form Ethereum project.

This Rudxane series, limited to 400 works, delves into structure and distortion, set for an August release on Art Blocks Engine.

app.mintify.xyz/collection/grailersdao-fold-by-rudxane

Verse: Color Blinds Study by Zach Lieberman

Color Blinds Study is a series of moving pieces exploring the sensation of light moving through a striped material.

A collection of 25 unique 1/1 videos.

app.mintify.xyz/collection/verse-solos-zach-lieberman

8NAP Art Mint Pass

Our mission is to address the existing void in the industry by providing a space that genuinely supports and nurtures artists.

8NAP ART has embarked on creating a platform that fosters the advancement and acceleration of artists’ careers.

app.mintify.xyz/collection/8nap-art-mint-pass

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

  • ETH: $8.4M (31% ▲)

  • BTC: $382k (2% ▽)

  • SOL: $1.3M (31% ▲)

  • MATIC: $799k (16% ▲)

🪙 Top Tokens:

  • BTC: $29,417 (1.5% ▲)

  • ETH: $1,837 (0.7% ▲)

  • BNB: $243 (0.9% ▲)

  • XRP: $0.624 (2.1% ▲)

  • DOGE: $0.0739 (0.4% ▲)

📊 Market Stats:

  • Global Crypto Market Cap: $1.17T

  • BTC Dominance: 50.54%

  • BTC OI: $9.84B

  • Fear & Greed: 54

💹 Indices:

  • DOW: $35,029 (1.3% ▽)

  • S&P500: $4,468 (1.1% ▽)

  • NASDAQ: $13,807 (1.3% ▽)

In other news…

📰 Top Headlines:
Web3

  • Frank shares the story of DeGods

  • Jack Butcher posts and tags Pudgy Penguins, potentially teasing a collaboration

  • Digital assets platform ElmonX will mint Leonardo da Vinci's Salvator Mundi; previous releases were da Vinci's Mona Lisa (1503), Van Gogh's Starry Night (1889), Auguste Rodin's The Thinker (1904), and Claude Monet's Nymphéas (1907)

  • Etherscan launches wallet-to-wallet messaging

  • Solana-based DEX Cypher experiences an exploit, freezes smart contracts

Blockchain

  • Whale sends 2,500 ETH to the burn address

  • Gala Games will migrate reserve and unsold NFT game items from ETH to its new GalaChain

Finance

  • Valkyrie seeks to change the strategy of its BTC futures ETF to include ETH in a bid to get to market before other firms

  • Tether CTO Paolo Ardoino says PayPal stablecoin won't impact USDT

Government

  • UAE partners with Industrial Innovation Group and the Venom Foundation to develop a carbon credit system

  • House Financial Services Committee Chair Patrick T. McHenry insists on stablecoin bill following PayPal announcement

Business

  • Cathie Wood predicts the SEC will approve multiple spot BTC ETFs at the same time

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