Daily Market Update 8/29

In Today’s Market Update, We Cover HFSC Members Contesting Fed Letters, OpenAI Launches ChatGPT Enterprise, Impact Theory Settles SEC Charges, Ben Armstrong Removed from BitBoy Crypto, and More.

Author

Jake
August 29, 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

HFSC members allege the Fed is acting to “subvert progress made by Congress…”

Impact Theory will pay $6.1M to settle first SEC enforcement case over NFTs

OpenAI launches ChatGPT Enterprise as a corporate version

BitBoy Crypto’s parent company parts ways with Ben Armstrong

NFT Market Recap

💰️ Notable Sales:
🎉 Notable Mints:

Noble Gallery: Season Finale

The Season Final will feature @DesLucrece @osf_rekt @terrelldom @xsullo @EfdotStudio

Let’s Play will be the entry pass for all raffles and drops in Season 2.

Founded in May 2022, Noble Gallery is a platform and community for those who value self-improvement and epic art curation. Noble was founded by Matt Szczur and Artifaction.

app.mintify.xyz/collection/noble-gallery-season-finale

SeedWorld: The Vanguards

Vanguards (the army at the forefront of a movement) is the outcome of thousands of hours of dedication and passion for art.

We wanted each wearer of Vanguards PFP to feel a sense of might and mastery while designing each trait.

app.mintify.xyz/collection/seedworld-the-vanguards

The Denizens of ZenAcademy

10,000 PFPs for the most powerful mages in the metaverse.

The Denizens are a love letter to our community — a collection to represent the essence of our vibrant members and a testament to the unity and magic that binds us together.

ZenAcademy is a community for all where all are welcome.

app.mintify.xyz/collection/zen-academy-pfp

OpenSea: Hands by King Overman

We are excited to present ‘Hands’, a collection by British artist King Overman. It is based on his viral series of paintings featuring the life-size hands of Basketball legends.

King Overman’s art has amassed tens of millions of views on Tiktok and is collected by renowned NBA stars and cultural icons alike.

app.mintify.xyz/collection/opensea

⬆️ Top by Volume:
⬆️ Top by Sales:

🪅 Biggest Winners:

⛓️ NFT Vol. by Blockchain:

  • ETH: $5.5M (7% ▲)

  • BTC: $386k (29% ▲)

  • SOL: $1.01M (15% ▲)

  • MATIC: $713k (18% ▲)

  • ZORA: $1.9k (43% ▽)

🪙 Top Tokens:

  • BTC: $26,001 (0.2% ▲)

  • ETH: $1,643 (0.4% ▲)

  • BNB: $217 (0.4% ▲)

  • XRP: $0.516 (0.1% ▲)

  • ADA: $0.261 (0.6% ▲)

📊 Market Stats:

  • Global Crypto Market Cap: $1.05T

  • BTC Dominance: 49.22%

  • BTC OI: $7.17B

  • Fear & Greed: 39

💹 Indices (Futures):

  • DOW: $34,593 (0%)

  • S&P500: $4,442 (0.01% ▽)

  • NASDAQ: $15,087 (0.1% ▽)

  • FTSE100: $9,391 (1.4% ▲)

  • HSI: $2,363 (0.4% ▲)

Other News

Web3

  • Cryptoys announces its upcoming “Mickey and Friends” collection and a Yoda plaything airdrop for Star Wars NFT holders

  • NFL ALL DAY launches Dynamic Moments that evolve to new highlights as players excel and win games

  • Friend.tech says users who move to forks and copies of the platform will automatically opt out of earning points and forfeit existing points

Blockchain

  • ETH's total daily transaction fees have fallen to an eight-month low

Finance

  • Amid BTC’s soaring difficulty and hash rate, its hash price has fallen near an all-time low

Artificial Intelligence

  • OpenAI launches ChatGPT Enterprise as a corporate version offering enterprise-grade security, privacy, and a faster experience

  • DoorDash launches an AI-powered voice ordering system for businesses

Government

  • HFSC members allege the Fed is acting to “subvert progress made by Congress to establish a payment stablecoin regulatory regime” in two recent Fed letters

  • South Korean exchanges with “real-name” bank accounts will soon be required to set aside a minimum of $2.3M as a safeguard

Business

  • DCG reached an in-principle deal with Genesis creditors that could result in recoveries of up to 90%

  • BitBoy Crypto’s parent company parts ways with Ben Armstrong and removed him from the company

  • Coinbase is investigating a bug causing some users to see empty balances

  • Mukesh Ambani, Chairman of Reliance Industries and Asia’s richest man, announces the company will explore blockchain platforms and CBDCs

  • OKX and Bybit follow Binance in removing sanctioned Russian banks from their P2P platforms

Legal

  • DOJ wants to exclude all of SBF’s expert witnesses from testifying

  • Impact Theory will pay $6.1M to settle first SEC enforcement case over NFTs for illegally raising nearly $30M through unregistered sales

  • SEC Commissioners Mark Uyeda and Hester Peirce argue that SEC enforcement against Impact Theory’s NFT sale pushes the agency into unfamiliar territory

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