Daily Market Update 8/10

In Today’s Market Update, We Cover SEC’s Ripple Lab’s Appeal, DeGods & y00ts S3, Bernstein on Stablecoin Growth, Wallet Vulnerabilities, Star Trek NFTs, and More.

Author

Jake
August 10, 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

SEC plans to appeal the Ripple Lab's court decision, citing "substantial ground for differences of opinion"

Bernstein analysts predict the stablecoin market to grow from $125B to $2.8T in the next five years

Fireblocks identifies 16 wallet providers affected by vulnerabilities

y00ts will migrate to ETH, DeGods reveals Season III revamped artwork

CBS Studios applied to use "Star Trek Continuum" for crypto collectibles

NFT Market Recap

💰️ Notable Sales:
🎉 Notable Mints:

Verse: Cone Gradient Study, Mint Pass by Zach Lieberman

Cone Gradient Study is a series of computational artworks that explore the intersection of graphical form, gradients, color, and light simulation. Each of the 50 artworks will be released as an edition.

There will be 150 mint passes. A mint pass enables you to mint one edition of one of the artworks.

app.mintify.xyz/collection/verse-cone-gradient-study-mint-pass-by-zach-lieberman

Base: Cozomo de’ Medici x Deekay Open Edition

I’m thrilled to announce we are partnering with Coinbase on the very first art drop on the Base chain.

An open edition by the maestro DeeKay himself that I feel perfectly captures this moment in time.

It will have an extremely low mint price. Making it affordable for all who want to own his work.

app.mintify.xyz/collection/base-cozomo-de-medici-x-deekay-open-edition

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

  • ETH: $9.23M (2% ▽)

  • BTC: $288k (6% ▲)

  • SOL: $1.72M (28% ▽)

  • MATIC: $2.36M (56% ▽)

🪙 Top Tokens:

  • BTC: $29,619 (0.7% ▽)

  • ETH: $1,860 (0.1% ▲)

  • BNB: $242 (0.7% ▽)

  • XRP: $0.634 (3.5% ▽)

  • DOGE: $0.0762 (0.8% ▲)

📊 Market Stats:

  • Global Crypto Market Cap: $1.17T

  • BTC Dominance: 50.49%

  • BTC OI: $9.98B

  • Fear & Greed: 53

💹 Indices:

  • DOW: $35,566 (1.3% ▲)

  • S&P500: $4,523 (1.2% ▲)

  • NASDAQ: $13,925 (1.5% ▲)

In other news…

📰 Top Headlines:
Web3

  • Futurama's Aug 7 episode took characters to "Doge City"

  • DeGods reveals Season III revamped artwork

  • y00ts will migrate to ETH; the DeGods team will return the $3M grant from Polygon

  • 0xdgb announces their new art and PFP collection, "The Cameras"

  • Reboot Protocol reveals distribution plans for 1B $GG

  • Onchain summer kicks off in celebration of Base's mainnet launch

  • Knights of Degen launches its PropQuest Beta

  • CBS Studios applied to use "Star Trek Continuum" for crypto collectibles

Blockchain

  • Fireblocks identifies 16 wallet providers affected by vulnerabilities

  • BNB Chain set for two upgrades to improve network finality and EVM compatibility

Finance

  • Bernstein analysts predict the stablecoin market to grow from $125B to $2.8T in the next five years

Government

  • SEC plans to appeal the Ripple Lab's court decision, citing "substantial ground for differences of opinion"

  • Bank of England is recruiting advisors for its CBDC design phase

  • Nonprofit Better Markets calls on the SEC to reject the proposed BTC ETF applications

Business

  • Microsoft x Aptos partner to expand its services using Microsoft's AI technology

  • Cybersecurity certification platform CER reports that only 6 of 45 wallet brands hired outside penetration testers to find security vulnerabilities

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