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Daily Market Update 8/21

Daily Market Update 8/21

In Today’s Market Update, We Cover Sugartown Updates, Yuga Winding Back OS Support, Allen Ginsberg AI Exhibition, Recur to Shut Down, and More.

Jake
August 21, 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:

15.48 Ξ The Captainz #747
15.00 Ξ Milady Maker #8842
9.90 Ξ Azuki #4684

🎉 Notable Mints:

Manifold

Manifold is bringing their favorite artists to Onchain Summer as part of their mission to empower digital creators with the tools that enable true creative sovereignty.

app.mintify.xyz/collection/manifold

Weebox: San FranTokyo Genesis Pass

The Officially Licensed Anime Figurine & Collectibles Store of San FranTokyo. 📦 @SFTStudios

Weebox is a new digital collectibles platform designed for anime and manga enthusiasts looking to expand the horizons of their anime collections.

app.mintify.xyz/collection/weebox

The Great Purge by SlimeSunday

Today I’m introducing “The Great Purge.” This artwork aims to rid the space of the bad actors and bring back the integrity, creativity, and community that once defined the NFT world.

app.mintify.xyz/collection/the-great-purge-by-slimesunday

LUCI Chapter 5: The Monument Game - Player by Sam Spratt

Luci is a series of digital paintings paired with written psalms created by artist Sam Spratt, released as episodic pieces of an evolving story about the rediscovery of our most ancient human values in a post-historic world.

app.mintify.xyz/collection/luci-by-sam-spratt

⬆️ Top by Volume:

BAYC, floor of 23.1 Ξ (1% ▽)
DeGods, floor of 3.95 Ξ (1% ▲)
MAYC, floor of 4.53 Ξ (3% ▲)

⬆️ Top by Sales:

NeoPunksSaga, floor of 0.008 Ξ (32% ▽)
Sproto Pepes, floor of 0.036 Ξ (78% ▲)
DeGods, floor of 3.95 Ξ (1% ▲)

🪅 Biggest Winners:

Kanpai Pandas, floor of 1.18 Ξ (56% ▲)
Redacted Remilio Babies, floor of 1.09 Ξ (22% ▲)
Silks Thoroughbred Racehorses, floor of 0.084 Ξ (18% ▲)

⛓️ NFT Weekend Volume:

ETH: $14.53M (8% ▽)
BTC: $633k (25% ▽)
SOL: $2.02M (4% ▽)
MATIC: $1.94M (2% ▲)
ZORA: $4.83k (36% ▲)

🪙 Top Tokens:

BTC: $26,035 (0.6% ▽)
ETH: $1,673 (0.2% ▽)
BNB: $210 (3% ▽)
XRP: $0.525 (3.7% ▽)
ADA: $0.267 (0.5% ▽)

📊 Market Stats:

Global Crypto Market Cap: $1.05T
BTC Dominance: 49%
BTC OI: $7.43B
Fear & Greed: 38

💹 Indices (Futures):

DOW: $34,633 (0.2% ▲)
S&P500: $4,398 (0.4% ▲)
NASDAQ: $14,829 (0.6% ▲)
FTSE 100: $7,289 (0.2% ▲)
HSI: $2,252 (0.2% ▲)

Other News

Web3

Zynga announces its upcoming Sugartown Oras collection will be a free mint
Yuga will wind back OpenSea support for "all upgradable contracts and any new collections"
OpenSea will end support for buying and listing BSC NFTs
Stephen Teglas will step down as Cool Cats CEO, and Clon will take on a larger role
Glow Token CEO was duped by scam artists posting as Crypto.com representatives
Recur announces its Web3 platform is winding down despite a $50M raise, and hosting IPs like Hello Kitty, and Nickelodeon

Blockchain

ETH developers explain how Verkle Trees could vastly increase the blockchain's decentralization
Base daily transactions surpass Arbitrum and Optimism in its first-week post-launch

Finance

LDO, AVAX, and YGG are scheduled for token unlocks this week
Mining 1 BTC in Lebanon is 783x cheaper than in Italy

Artificial Intelligence

CTO of IBM Automation, Jerry Cuomo, expresses his concerns with using ChatGPT for enterprise
LA exhibition features AI-crafted poems inspired by Allen Ginsberg's photographs
Associated Press releases guidelines on how Journalists can use generative AI
US District Judge rules that artwork created solely by AI is not eligible for copyright protection
AI transformers and human neurobiology show a surprising parallel

Government

China is reportedly interested in implementing a social credit system in the metaverse

Business

Elon Musk says he intends to remove X's block feature
Bitget to tighten its ID requirements amid allegations of fraud

Legal

SBF wants weekday access to personal space in the Manhattan courthouse to prepare his legal defense
Checkout.com terminates its partnership with Binance; the exchange is considering "legal action"
Class-action lawsuit accuses Roblox of allowing and enabling minors to gamble with its in-game currency