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Daily Market Update 8/25

Daily Market Update 8/25

In Today’s Market Update, We Cover Nvidia’s Earnings, Coinbase’s “Base Neutrality Principles,” NFL Rivals on iOS and Android, ARK and Glassnode’s New “Cointime Economics” Metric, and More.

Jake
August 25, 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:

420.69 Ξ The Monument Game by Sam Spratt
87.00 Ξ BAYC #8295
70.00 Ξ Azuki #3153

🎉 Notable Mints:

Atari

Unlock community, gaming, and IRL utility with a new generation of Atari.

app.mintify.xyz/collection/atari

Mighty Labs: Pioneers

Mighty Labs is an initiative to bring together a private group of creators, service providers, and collectors under a DAO-governed accelerator and launchpad for web3 projects that are introduced and curated by our members.

app.mintify.xyz/collection/mighty-labs

Meme Card #136: Abduction of Satoshi by Postwook

Satoshi disappeared one day; maybe this is how it happened.

Aliens have the freedom to transact as well…

Fully animated piece by POST WOOK. Audio by Teexels. Meme: 7 Season: 4 Card: 2

app.mintify.xyz/collection/meme-card-136-art-drop-by-postwook

⬆️ Top by Volume:

BAYC, floor of 24.86 Ξ (4% ▲)
DeGods, floor of 4.25 Ξ (16% ▲)
MAYC, floor of 5.05 Ξ (9% ▲)

⬆️ Top by Sales:

NeoPunksSaga, floor of 0.0057 Ξ (111% ▲)
Adneo Token, floor of 0.07 Ξ (48% ▽)
DeGods, floor of 4.25 Ξ (16% ▲)

🪅 Biggest Winners:

VEGENS, floor of 0.12 Ξ (229% ▲)
Galaxis Cards Gen Zero, floor of 0.11 Ξ (116% ▲)
Wilder Moto, floor of 0.24 Ξ (60% ▲)

⛓️ NFT Vol. by Blockchain:

ETH: $9.74M (29% ▲)
BTC: $319k (14% ▲)
SOL: $2.32M (133% ▲)
MATIC: $1.18M (11% ▲)
ZORA: $2k (9% ▽)

🪙 Top Tokens:

BTC: $26,138 (0.9% ▽)
ETH: $1,656 (0.6% ▽)
BNB: $216 (1.2% ▽)
XRP: $0.515 (1.7% ▽)
ADA: $0.263 (1.3% ▽)

📊 Market Stats:

Global Crypto Market Cap: $1.05T
BTC Dominance: 49.27%
BTC OI: $7.2B
Fear & Greed: 39

💹 Indices (Futures):

DOW: $34,299 (0.5% ▲)
S&P500: $4,403 (0.4% ▲)
NASDAQ: $14,897 (0.2% ▲)
FTSE100: $9,304 (0.2% ▽)
HSI: $2,296 (0.3% ▲)

Other News

Web3

VeeFriends Series 2 holders will be able to swap scenes and update metadata through activations and Burn Island Eruptions
NFL Rivals enables NFT purchases on iOS and Android devices
DBS Bank partners with The Sandbox to release a metaverse experience aiming to demonstrate how virtual experiences can be used as a force for good
PEPE holders react to the team’s multi-sig transferring 16T tokens

Blockchain

Coinbase releases its “Base Neutrality Principles,” a series of guidelines aimed at maintaining decentralization and neutrality, intended to align with Optimism’s “Law of Chains”
Num Finance rolls out a Colombian peso stablecoin on Polygon
1inch Network launches on Base
Pancakeswap launches on Linea

Finance

ARK Invest and 21Shares join in filing for ETH futures ETF
ARK Invest and Glassnode reveal their “Cointime Economics” metric for analyzing Bitcoin supply and demand dynamics
Ledn, a Cayman Islands registered VASP, will allow customers to use BTC as collateral for real estate investments and residency

Artificial Intelligence

Nvidia's market cap overtakes the total crypto market cap after record profits

Business

Mastercard and Binance end their crypto card partnership in Argentina, Brazil, Colombia, and Bahrain as of Sept. 22
FTX and BlockFi customer data was compromised in the hack of third-party claims manager Kroll