Daily Market Update 9/01

In Today’s Market Update, We Cover Swift Blockchain Interoperability Tests, SEC Delays BTC ETF Decision, Colorado DMV Accepting Crypto, ETH Staking Providers Impose Self-Limits, and More.

Author

Jake
September 01, 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

Colorado DMV customers can now use PayPal to pay for online services in crypto

Swift completes blockchain interoperability tests with over 10 financial institutions

SEC delays its decision on BlackRock’s BTC ETF application

Researchers explore using a local mesh network to use Bitcoin offline

ETH liquid staking providers agree to impose self-limits to ensure the network remains decentralized

Hiber integrates Google’s generative AI for prompt-based world generation

NFT Market Recap

💰️ Notable Sales:
🎉 Notable Mints:

Ben Kanizay: Pixel Perfect Moments on Prohibition.art

Discover a fresh perspective on time with this collection of generative art clocks.

Pixel Perfect Moments features a minimalist mosaic of pixels as the backdrop of a dynamic clock that displays correctly for the observer.

Use the right-click menu (or double-tap on touch devices) to access the controls where you can customize the display.

app.mintify.xyz/collection/ben-kanizay-pixel-perfect-moments-on-prohibition-art

Nostalgia Exhibition: Artifacts by Kirill Semenovich on SkaldaAI

Exhibition /001 – Nostalgia SkaldaAI’s inaugural exhibition explores the concept of nostalgia and celebrates the inherent power of this idea as a catalyst for deep reflection and meaningful dialogue in this new age of Artificial Intelligence.

app.mintify.xyz/collection/nostalgia-exhibition-artifacts-by-kirill-semenovich-on-skaldaai

David Horvath: Angel Devil on Foundation

Sun-Min Kim and I are the founders and creators of the Uglydoll plush toy brand. Over the past two decades, we have self-produced thousands of products and character goods, selling millions at specialty retail around the world.

app.mintify.xyz/collection/david-horvath-angel-devil-on-foundation

⬆️ Top by Volume:
⬆️ Top by Sales:

🪅 Biggest Winners:

⛓️ NFT Vol. by Blockchain:

  • ETH: $6.94M (13% ▽)

  • BTC: $295k (42% ▽)

  • SOL: $1.1M (23% ▲)

  • MATIC: $801k (30% ▽)

  • ZORA: $1.8k (38% ▽)

🪙 Top Tokens:

  • BTC: $26,015 (4.4% ▽)

  • ETH: $1,644 (3.8% ▽)

  • BNB: $214 (4% ▽)

  • XRP: $0.507 (3.5% ▽)

  • ADA: $0.257 (2.4% ▽)

📊 Market Stats:

  • Global Crypto Market Cap: $1.05T

  • BTC Dominance: 49.27%

  • BTC OI: $7.03B

  • Fear & Greed: 40

💹 Indices (Futures):

  • DOW: $34,928 (0.4% ▲)

  • S&P500: $4,539 (0.5% ▲)

  • NASDAQ: $15,621 (0.5% ▲)

  • FTSE100: $9,491 (0.2% ▲)

  • HSI: $2,338 (0%)

Other News

Web3

  • Adidas launches an artist residency program called Residency by Adidas; artist spotlights begin during Korea Blockchain Week

  • Parallel Finance and ParaSpace will merge to form ParaX, and omni-chain platform design to enhance Web3

  • OpenSea releases a comprehensive open standard for redeemable NFTs

Blockchain

  • Several ETH liquid staking providers agree to impose a limit to not own more than 22% of the ETH staking market, a move to ensure the network remains decentralized

  • Offchain Labs launches the Arbitrum Stylus testnet, a new programming environment enabling developers to write smart contracts in Rust, C, and C++

  • Binance Pool launches its Ordinals Inscription Service

  • Velodrome collaborates with Base developers to launch Aerodrome

  • Entheos partners with Plural Energy to enable DeFi investors access to their compliant, on-chain security tokens

  • PancakeSwap launches on Base

  • Researchers explore using a local mesh network to use Bitcoin offline

Finance

  • Berenberg Bank reports the possibility of the SEC preparing an alternative argument for continued rejections of spot BTC ETFs

Artificial Intelligence

  • Hiber3D integrates Google’s generative AI to simplify the process of creating in-game content, including prompt-based world generation

Government

  • Five members of IBM Consulting shared a list of points that the European Commission should consider for its digital euro legislation

  • SEC delays its decision on BlackRock’s BTC ETF application, making it the seventh so far

  • Colorado DMV customers can now use PayPal to pay for online services in crypto

Business

  • Swift announces the success of a variety of blockchain interoperability tests with over 10 financial institutions, including City, BNP Paribas, and BNY Mellon

Legal

  • Questioning arises around whether SEC allegations against Impact Theory were enough to set a precedent that NFTs stand broadly as securities

  • Ronaldinho denies participating in the alleged crypto scheme, claiming the images of him were originally for different purposes and were used without his permission

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