Daily Market Update 8/30

Top Stories

NFT Market Recap

💰️ Notable Sales:

• 66.99 Ξ CryptoPunks #8753

• 18.00 Ξ Genkai #3276

• 15.00 Ξ Cool Cats #2288

🎉 Notable Mints:

⬆️ Top by Volume:

• BAYC, floor of 26.25 Ξ (1% ▽)

• MAYC, floor of 5.2 Ξ (2% ▲)

• DeGods, floor of 4.39 Ξ (2% ▲)

⬆️ Top by Sales:

• ZenChests, floor of 0.1 Ξ (13% ▽)

• Blips, floor of 0.074 Ξ (44% ▽)

• Seedworld Vanguards / Seed Pod, floor of 0.048 Ξ (17% ▽)

🪅 Biggest Winners:

• Sproto Gremlins, floor of 1.16 Ξ (47% ▲)

• AdWorld, floor of 0.11 Ξ (34% ▲)

• Nakamigos, floor of 0.34 Ξ (17% ▲)

Other News

Web3

• Beeple offers an opportunity for non-Punk holders to win tickets to his upcoming CryptoPunks meetup at Beeple Studios

• SnowFro mints 66 Chromie Squiggles, leaving just two final Squiggles to be minted at a later point

• A pair of researchers developed a crypto literacy scale to help standardize and measure economic and financial knowledge

• Limewire’s AI Creator Studio will launch on Polygon

• Ben Armstrong says BitBoy Crypto allegations against him are “diabolical” and “insane”

Blockchain

• OpenZeppelin launches version 2.0 of its security platform Defender

• Circle partners with Mercado Libre to bring USDC to 2M users in Chile

• USDC will launch natively on Base

Finance

• Tether partners with its third Bahamas-based bank, Britannia Bank

• Castle Island Ventures’ Nic Carter says that he understands why people use USDT but thinks Tether will eventually fail

• Publically-traded Iris Energy purchased 248 Nvidia GPUs for $10M for exploring generative AI and BTC mining

Artificial Intelligence

• New York Mycological Society warns of dangers posed by books created using generative AI tools like ChatGPT after finding foraging guide books with invented authors, credentials, and dangerously wrong information

• Microsoft and the Virginia Technical Institute published a white paper introducing the "Algorithm of Thoughts” approach to teaching LLMs

Government

• $EOS gets regulatory approval for trading on Japanese exchanges

• El Salvador and Google Cloud enter a seven-year partnership to digitize the country’s infrastructure

• Crypto-focused Swiss bank SEBA’s Hong Kong branch receives preliminary approval for HK crypto services

Business

• CEO of CleanSpark, a publicly traded bitcoin mining company, writes an open letter to President Biden regarding BTC mining

• Elon’s X acquires a Rhode Island Currency Transmitter License to store, transfer, or exchange digital assets in its platform

• Binance launches “Send Cash” for crypto-to-bank transfers in Latin America

• Binance is considering a full exit from the Russian market as regulatory pressure increases

• Apple distributes invites for a Sept 12 launch event; expected to announce new iPhones and Watches

Legal

• Court of Appeals rules in favor of Grayscale over the SEC, opening the door for GBTC to convert from a Trust to an ETF

• SEC submitted a sealed motion related to Binance, allowing it to file sensitive or confidential information without revealing the contents publicly

• DOJ prosecutors push back, saying SBF has had access to the "millions” of pages of potential evidence dumped on him for months