Daily Market Update 9/04

Top Stories

NFT Market Recap

💰️ Notable Sales:

• 68.00 Ξ CryptoPunk #3028

• 9.50 Ξ MAYC #24145

• 8.50 Ξ Winds of Yawanawa by Yawanawa and Refik Anadol

🎉 Notable Mints:

⬆️ Top by Volume:

• BAYC, floor of 26.4 Ξ (2% ▽)

• MAYC, floor of 5.28 Ξ (1% ▽)

• Milady Maker, floor of 3.6 Ξ (4% ▽)

⬆️ Top by Sales:

• IRL Punks, floor of 0.01 Ξ (55% ▲)

• DAWAE, floor of 0.022 Ξ (153% ▲)

• Pepunks, floor of 0.008 Ξ (11% ▽)

🪅 Biggest Winners:

• MUTANT ALIENS, floor of 0.13 Ξ (173% ▲)

• SuperCreators By IAC, floor of 0.8 Ξ (111% ▲)

• Machine Hallucinations, floor of 2.8 Ξ (44% ▲)

Other News

Web3

• Mr. Beast announces “Creator League,“ a competitive gaming league where membership holders can control what they’re watching, from setting the league rules, what games are played, and more

• Voice Actor and YouTuber @CDawgVA announces intent to leave Mr. Beasts' Creator League due to its involvement with blockchain tech

• Trevor Jones' Castle Party returns and will be hosted at the Chateau de Valerie from Sept 3 - 5

• Yuga Labs Chief Creative Officer teases Ordinals puzzles on BTC next week

• American Express cardholders can connect their accounts to crypto wallets to participate in “Member Collectibles”

• Seaport Scavenger Hunt, running through October in NYC, is bringing NFTs into the real world with QR codes

• Ronaldo teases future NFT plans while on a lie detector test

Blockchain

• London Stock Exchange Group reveals intent to launch blockchain-powered digital markets to enhance the trading of traditional finance assets

• Matter Labs co-founder suggests an “Ethereum Supreme Court” to serve as the final stop for on-chain disputes rather than needing traditional lawyers and court

• Binance’s CZ predicts DeFi may overtake CeFi in the next bull run

• ETH NFT monthly volume hits two-year low

• MakerDAO co-founder suggests using Solana’s code to build its native blockchain

• Tokenized vaults see over 50 deployed on-chain every week following ERC-4626

• Arkham Intelligence identifies over 500 wallets tied to the Grayscale Ethereum Trust

• University of Cambridge implements major updates to its Bitcoin Electricity Consumption Index to more accurately assess the energy footprint from miners

• Complete set of Supreme Box Logo T-Shirts collateralized on-chain for a $1.1M, 60-day term loan

Finance

• BTC whales increased positions by $1.5B over the past two weeks

• Solana cofounder says he’d prefer FTX’s management distribute their SOL to customers rather than liquidate

• Vitalik liquidates his MakerDAO tokens for ~$600k

• Analysts attribute USDT’s slight depeg throughout August to a combination of Tether’s redemption fee and illiquid markets

Artificial Intelligence

• Cathie Wood is bullish on the intersection of Bitcoin and AI

Government

• South Korea plans to submit a bill to freeze North Korea’s crypto

• India’s digital rupee gets onto the Yes Bank app through the CBDC app’s integration with the Unified Payments Interface

• Kentucky’s Public Service Commission denies a proposed contract for subsidizing Ebon International mining facility

Business

• Robinhood bought back FTX’s seized shares worth $600M

• Binance's Head of Product departs as executives continue to exit

Legal

• Ripple files its opposition to the SEC’s appeal, arguing the agency hasn’t met the requirements

• FTX filings reveal company funds were used on internal cash payments to execs and direct transfers to the American Yacht Group

• SBF files memo asking the court to deny prosecutor evidence

• Gala Games co-founders sue each other, alleging corporate waste, $130M theft