Daily Market Update 8/18

In Today’s Market Update, We Cover ETH Futures Approval, Evergrande Files Bankruptcy, SEC Approved to Appeal Ripple, $1B in Liquidations, and More.

Author

Jake
August 18, 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

SEC reportedly set to green light ETH futures

SEC was approved to file an appeal in its Ripple Labs case

OpenSea will allow optional creator fees and sunset its Operator Filter beginning Aug 31

China’s Evergrande Group files for bankruptcy in NY

Traders realize $1B in liquidations in wake of Bitcoin’s 9% drop

Mastercard partners with Ripple, Fireblocks, and Consensys for CBDC forum

NFT Market Recap

💰️ Notable Sales:
🎉 Notable Mints:

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⬆️ Top by Volume:
⬆️ Top by Sales:
🪅 Biggest Winners:
⛓️ NFT Vol. by Blockchain:

  • ETH: $14.4M (76% ▲)

  • BTC: $403k (7% ▽)

  • SOL: $1.6M (27% ▽)

  • MATIC: $858k (42% ▽)

  • BNB: $794k (17% ▲)

🪙 Top Tokens:

  • BTC: $26,388 (7.4% ▽)

  • ETH: $1,681 (6% ▽)

  • BNB: $218 (5.6% ▽)

  • XRP: $0.506 (13.7% ▽)

  • ADA: $0.265 (4.4% ▽)

📊 Market Stats:

  • Global Crypto Market Cap: $1.06T

  • BTC Dominance: 49.37%

  • BTC OI: $7.93B

  • Fear & Greed: 37

💹 Indices (Futures):

  • DOW: $34,364 (0.5% ▽)

  • S&P500: $4,356 (0.6% ▽)

  • NASDAQ: $14,645 (0.9% ▽)

  • RUT: $1850 (1.2% ▽)

  • NYA: $15,734 (0.5% ▽)

Other News

Web3

  • OpenSea will allow optional creator fees and sunset its Operator Filter beginning Aug 31

  • Pixelmon’s Kevin has been reborn on Base for OnChainSummer

  • WAGMI United disputes accusations of “rugging” and reaffirms its commitment to Web3

  • Open Campus and TinyTap partner with Code Green to educate children on climate change

Blockchain

  • Tether discontinues USDT support for Kusama, Bitcoin Cash SLP, and Omni implementations. Users can redeem and swap for at least the next 12 months

  • Shibarium Network had resumed block production after its brief pause

  • Mantle pauses its token migration to prevent FTX from converting $43M $BIT to $MNT

Finance
Government

  • SEC was approved to file an appeal in its Ripple Labs case

  • UK crypto business must comply with the “Travel Rule” starting Sept 1

Business

  • Mastercard partners with Ripple, Fireblocks, and Consensys for CBDC forum

  • Celsius creditors will vote to sell assets to Fahrenheit to recover 67% - 85% of holdings

Legal

  • Coinbase-funded group arguing against Tornado Cash sanctions loses its lawsuit

  • FTX-linked Moonstone Bank ordered to wind down operations by Federal Reserve Board

  • Singaporean police take down group suspected of laundering $735M

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