Daily Market Update 8/16

In Today’s Market Update, We Cover 85+ Businesses Lying about Insurance, the FBI Seized $400K from Binance Accounts, Richard Heart’s Documentary, Prometheum HFSC Approval Documentation, and More.

Author

Jake
August 16, 2023

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

FDIC warns that over 85 businesses and entities are lying about being insured

Richard Heart’s advocates and critics are getting a documentary on the controversial founder

FBI seized almost $400k from Binance accounts linked to US residents in May

Gensler and Robert Cook have until Aug 22 to supply documentation on Prometheum’s approval to the HFSC

NFT Market Recap

💰️ Notable Sales:
🎉 Notable Mints:

Larva Labs x FingerprintsDAO: Voxelglyph

Meet the Voxelglyph by larvalabs, in partnership with FingerprintsDao.

In addition to representing DAO membership via NFT format, the Voxelglyph is an intricate, complex structure and artwork. Voxelglyph draws from LeWitt and his “structures”.

app.mintify.xyz/collection/larva-labs-x-fingerprintsdao-voxelglyph

Wildxyz: The Boys of Summer by Mitchell F Chan

The Boys of Summer is a digital game artwork and generative PFP collection by Mitchell F Chan that investigates our world’s favorite pastime: the quantification of self.

With an irreverent, provocative lens, using baseball characters and statistics as the creative medium, the work prompts us to examine our own value system and our inherent biases that shape our potential in how society decides what - and who - is ‘successful.’

app.mintify.xyz/collection/wildxyz-the-boys-of-summer-by-mitchell-f-chan

The Cameras by 0xdgb

The Cameras by 0xdgb.

Ready to make your choice? The Cameras are built on a brand new dynamic TransientLabs contract called Collectors Choice. It works in a very similar way to PatrickAmadon ’s Doppelgänger.

Each NFT points to one of multiple artworks in an array, and the collector can use the ‘ChangeURI’ function within the contract, to point to whichever artwork within the array they choose.

app.mintify.xyz/collection/the-cameras-by-0xdgb

Zora

Take part in Zora’s hyperstructure culture as they bring their favorite artists to Onchain Summer.

app.mintify.xyz/collection/base-zora-drops

⬆️ Top by Volume:
⬆️ Top by Sales:

🪅 Biggest Winners:

⛓️ NFT Volume by Blockchain:

  • ETH: $9.2M (7% ▽)

  • BTC: $324k (1% ▲)

  • SOL: $1.7M (32% ▲)

  • MATIC: $1.6M (3% ▲)

🪙 Top Tokens:

  • BTC: $29,095 (0.9% ▽)

  • ETH: $1,820 (1% ▽)

  • BNB: $233 (2.1% ▽)

  • XRP: $0.594 (5% ▽)

  • DOGE: $0.069 (6.1% ▽)

📊 Market Stats:

  • Global Crypto Market Cap: $1.15T

  • BTC Dominance: 50.43%

  • BTC OI: $9.98B

  • Fear & Greed: 52

💹 Indices (Futures):

  • DOW: $35,025 (0.05% ▲)

  • S&P500: $4,455 (0.04% ▲)

  • NASDAQ: $15,111 (0.03% ▲)

Other News

Web3

  • Erick “snowfro” Calderon and Jordan Lyall collab to drop “Heart + Craft” phygital collection on Prohibition

  • Adidas and BAPE will release a limited 100 pairs of the Adidas Originals Triple-White Forum 84 BAPE Low by NFT auction

  • MCDonald’s Grimace NFTs are coming to Singapore

  • Sam Spratt's "The Monument Game" details are revealed

  • CyberConnect collabs with Animoca Brands to introduce a decentralized social layer to the Mocaverse

  • Coca-Cola NFTs on Base rake in $450k

  • Richard Heart’s advocates and critics are getting a documentary on the controversial founder

Blockchain
Finance

  • NZ exchange Dasset reportedly enters liquidation, locking customers out of their accounts

  • SDF (Stellar Development Foundation) makes a strategic investment in MoneyGram, getting a seat on its Board of Directors

Government

  • SEC delays its BTC ETF decisions for up to 240 days

  • Gensler and Robert Cook have until Aug 22 to supply documentation on Prometheum’s approval to the HFSC

  • FDIC warns that over 85 businesses and entities are lying about being insured

  • Singapore finalizes rules for stablecoins

Business

  • Binance is shutting down Binance Connect to refocus on its main products and long-term goals

  • Coinbase gets the green light to offer regulated crypto futures to eligible customers

Legal

  • FBI seized almost $400k from Binance accounts linked to US residents in May

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