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Daily Market Update 8/24

Daily Market Update 8/24

In Today’s Market Update, We Cover China’s Blockchain-Backed Data Exchange, Solana Pay Shopify Integration, AI Detecting Parkinson’s, FIBA NFT Collectibles, FTX Burning $1.5M Daily, SBF Blames His Former Legal Counsel, and More.

Jake
August 24, 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:

47.03 Ξ MAYC #23514
47.03 Ξ BAKC #7504
42.15 Ξ BAKC #7360

🎉 Notable Mints:

FeralFile: In Medias Res Curated by FEMMEBIT

In Medias Res is an exhibition of NFT artworks by Los Angeles-adjacent, feminist, and post-cyberfeminist artists.

Their works reflect today’s digital uprootedness from time-based narratives of the silver screen to invoke liminal spaces of belonging.

app.mintify.xyz/collection/feralfile-in-medias-res-curated-by-femmebit

ProhibitionArt: Heart + Craft by Snowfro

A collaboration between Erick Calderon (Snowfro), artist and creator of Art Blocks, and Jordan Lyall, web3 product builder and founder of Prohibition.

Introducing the “Inclusive Edition”, countering FOMO culture with high supply, low price, and future flexibility to reduce supply later.

app.mintify.xyz/collection/prohibitionart-heart-craft-by-snowfro

Momentum by Rik Oostenbroek

Explore Rik's exhilarating artistry with Velocity Series, an unprecedented web3 collaboration between Bybit, Oracle Red Bull Racing, and top digital artists.

Available exclusively to holders of the Velocity Pass NFT via a Dutch Auction, Momentum is an NFT collection that encapsulates pivotal moments of velocity in a curated set of 200 unique and evocative images.

app.mintify.xyz/collection/momentum-by-rik-oostenbroek

Tales of The North 2nd Edition: The Dream Come True by Hugo Korhonen

A fight against time. The clock is ticking. It seems to just go faster and faster. The North still seems far away… and the sun sets soon… We park our car next to a lake with gorgeous reflections of a majestic fell.

app.mintify.xyz/collection/tales-of-the-north-2nd-edition-the-dream-come-true-by-hugo-korhonen

Tonic: Rhythm & the Machine by Lars Wander

Rhythm & the Machine presents a paradox of both order & chaos.

Saturated color fields reminiscent of paint moving through water are seemingly randomly distorted & dragged across the canvas.

All the while, repeating colors and gestures point to an underlying grid.

app.mintify.xyz/collection/tonic-rhythm-the-machine-by-lars-wander

{Bohem-IA} by Agoria

We’re very excited to announce {Bohem-ia}, a groundbreaking collection of 16 unique visual artworks and a very Limited Edition of 10 NFTs by @agoriamusic, establishing a new visual style for the artist.

app.mintify.xyz/collection/bohem-ia-by-agoria

⬆️ Top by Volume:

BAYC, floor of 23.88 Ξ (2% ▲)
DeGods, floor of 3.68 Ξ (4% ▲)
MAYC, floor of 4.64 Ξ (4% ▲)

⬆️ Top by Sales:

DMX, floor of 0.007 Ξ (9% ▽)
Nishikigoi, floor of 0.035 Ξ (0.03% ▽)
Azuki Elementals, floor of 0.49 Ξ (24% ▲)

🪅 Biggest Winners:

The Blitnauts, floor of 0.8 Ξ (60% ▲)
Azuki Elemental Beans, floor of 0.68 Ξ (43% ▲)
San FranTokyo Genesis Pass, floor of 0.11 Ξ (33% ▲)

⛓️ NFT Vol. by Blockchain:

ETH: $8.7M (8% ▲)
BTC: $280k (1% ▽)
SOL: $1.14M (16% ▲)
MATIC: $964k (13% ▽)
ZORA: $2,035 (24% ▲)

🪙 Top Tokens:

BTC: $26,399 (1.8% ▲)
ETH: $1,666 (1.3% ▲)
BNB: $219 (2% ▲)
XRP: $0.523 (0.7% ▲)
ADA: $0.266 (2.6% ▲)

📊 Market Stats:

Global Crypto Market Cap: $1.06T
BTC Dominance: 49.29%
BTC OI: $7.16B
Fear & Greed: 41

💹 Indices (Futures):

DOW: $34,453 (0.2% ▽)
S&P500: $4,466 (0.5% ▲)
NASDAQ: $15,354 (1% ▲)
FTSE100: $9,340 (0.1% ▽)
HSI: $2,313 (0.3% ▽)

Other News

Web3

DeGods releases Points Parlor v1.1, introducing new features, $DUST reward tiers, and a Strategy Simulator
Immutable unveils the first playable demo of the 3v3 sports game Infinite Victory
FIBA partners with Venly to offer fans NFT collectibles for the upcoming FIBA Basketball World Cup 2023
Mobile RPG Champions Arena will launch through the Gala Launcher

Blockchain

BTC difficulty jumps 6% despite bearish price action
Quantstamp seeks to end increasing threats of flash loan attacks with its new service that claims to catch them before they happen

Finance

FTX takes on Mike Novogratz’s Galaxy as advisors to start selling, staking, and hedging its crypto holdings

Artificial Intelligence

Researchers use AI to detect signs of Parkinson’s up to seven years earlier than clinical diagnosis

Government

Spain’s AESIA was tasked with developing “inclusive, sustainable and citizen-centered” AI, the first of its kind in the EU
China launches blockchain-powered data exchange for facilitating the sale of Web3 data among enterprises
Newly elected prime minister of Thailand and former president and CEO of real estate developer Sansiri, Srettha Thavisin, has a history with crypto investments

Business

Bitstamp is ending ETH staking for US customers next month
Solana Pay gets integrated into Shopify for USDC purchases

Legal

FTX bankruptcy is burning up to $1.5M per day in bills
Tornado Cash co-founders were charged with money laundering and sanctions violations
Coin Center director criticizes the latest Tornado Cash indictments, arguing the facts don’t show clear violations of money-transmitting-related offenses
SBF blames FTX legal counsel for him breaking the law; lawyers plan to use FTX attorneys who advised SBF while he was CEO
SBF approved to access his legal team outside of jail with 48 hours notice
SEC charges former NJ corrections officer for orchestrating a scam targeting police officers and first responders
Teen hackers responsible for Rockstar Games, Nvidia, and Uber convicted in the UK