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Daily Market Update 8/17

Daily Market Update 8/17

In Today's Market Update, We Cover PayPal Pausing UK Crypto Sales, Caroline Ellison's Notes, Shibarium Launch Issues, SlimeSunday's "The Great Purge," and More.

Jake
August 17, 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.

NFT Market Recap

💰️ Notable Sales:

10.00 Ξ MAYC #13275
8.88 Ξ Redacted Remilio Babies #3814
6.88 Ξ CloneX #5270

🎉 Notable Mints:

DREAMS by SABET, Inspired by Picasso

In a Dream, Picasso Proposed an Artistic Collaboration – SABET X PICASSO!

A LIMITED-TIMED OPEN EDITION – BUY ONE, GET 4 FOR FREE, OR BURN IT FOR SOMETHING MORE RARE!

BURN OR HODL Every 3 Months for 1 year; you can mint a NEW PICASSO INSPIRED SABET for FREE!

app.mintify.xyz/collection/dreams-by-sabet-inspired-by-picasso

Wreck League: Majestic and Booster Boxes

Wreck League is a AAA real-time PVP fighting game with mobile and PC crossplay functionality brought to you by nWay with the partnership of Animoca Brands.

Wreck League will feature a multi-verse of characters from across multiple web3 projects, kicking off with Kodas and Apes from the Yuga Labs ecosystem.

app.mintify.xyz/collection/wreck-league

SuperRare: xeno skullGANs by Pindar Van Arman

100% on-chain – byteGANs are so digital they don’t even have an image file.

They are dancing directly on the blockchain where they were inscribed. AI Artist with a bunch of Painting Robots

app.mintify.xyz/collection/superrare-xeno-skullgans-by-pindar-van-arman

Pixelmon: Summer Kevin

Kevin Buildoor Block Set (Physical Collectable) Introducing Kevin; with 705 individual BLOCKs available, you can CHAIN them together to build your very own Kevin.

At 10 cm tall, Kevin is the perfect solution whether you’re in need of a charming garden gnome or a free therapist.

app.mintify.xyz/collection/pixelmon

⬆️ Top by Volume:

DeGods, floor of 4.43 Ξ (5% ▲)
BAYC, floor of 28.58 Ξ (1% ▲)
Azuki, floor of 4.8 Ξ (1% ▽)

⬆️ Top by Sales:

DeGods, floor of 4.43 Ξ (5% ▲)
Sproto Pepes, floor of 0.018 Ξ (43% ▽)
The Boys Of Summer, floor of 0.2 Ξ (34% ▽)

🪅 Biggest Winners:

CryptoCubes, floor of 12.5 Ξ (266% ▲)
Parallel Avatars, floor of 0.18 Ξ (38% ▲)
TOPIA Worlds, floor of 1.8 Ξ (24% ▲)

⛓️ NFT Volume by Blockchain:

ETH: $9.1M (9% ▲)
SOL: $2.3M (52% ▲)
MATIC: $1.41M (14% ▽)

🪙 Top Tokens:

BTC: $28,478 (2.2% ▽)
ETH: $1,784 (2.1% ▽)
BNB: $230 (1.7% ▽)
XRP: $0.584 (2.4% ▽)
ADA: $0.275 (0.8% ▽)

📊 Market Stats:

Global Crypto Market Cap: $1.13T
BTC Dominance: 50.16%
BTC OI: $10.07
Fear & Greed: 50

💹 Indices (Futures):

DOW: $34,870 (0.2% ▲)
S&P500: $4,431 (0.3% ▲)
NASDAQ: $14,982 (0.3% ▲)

Other News

Web3

Doodles 1-foot-tall vinyl figures available tomorrow online and in stores
Zeneca introduces Denizens of ZenAcademy
DeGods co-founder Finn exits; began to transition out in early July
SlimeSunday’s “The Great Purge” lets holders burn worthless NFTs in exchange for a piece of their art
Vitalik on X Community Notes: “…the closest thing to an instantiation of ‘crypto values’ that we have seen in the mainstream world.”

Blockchain

Ledger allows verified PayPal users in the US to buy BTC, ETH, BCH, and LTC through Ledger Live
Shibarium’s “sloppy launch” has over 1,000 ETH stuck in a pending state
Canaan will reveal an “industry-redefining” mining product on Sept 12

Finance

BitGo raises $100M at a $1.75B valuation
Valkyrie files for ETH futures ETF

Artificial Intelligence

Google introduces generative AI features to its search engine

Government

M2 Exchange granted an FSP license to offer custody and multilateral trading services for UAE residents

Business

X prepares to roll out its paid TweetDeck service
Polygon partners with SK Telecom to develop a Web3 ecosystem
PayPal will end UK crypto sales until 2024 as it works to comply with new rules
Animoca Brands partners with AWS to boost its 450+ Web3 companies and projects through AWS resources

Legal

FBI has seized $1.7M in digital assets from March to May
OPNX and its founders (formally founded bankrupt 3AC) were fined $2.8M by Dubai’s VARA
Prosecutors intend to use Caroline Ellison’s personal notes and diaries as evidence against SBF