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.

Author

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.

Top Stories

FTX bankruptcy is burning up to $1.5M per day in bills

Researchers use AI to detect signs of Parkinson’s

FIBA partners with Venly to offer fans NFT collectibles for the upcoming FIBA Basketball World Cup 2023

China launches blockchain-powered data exchange

SBF blames FTX legal counsel for him breaking the law

Solana Pay gets integrated into Shopify for USDC purchases

NFT Market Recap

💰️ Notable Sales:
🎉 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:
⬆️ Top by Sales:

🪅 Biggest Winners:

⛓️ 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

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