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Daily Market Update 9/05

Daily Market Update 9/05

In Today's Market Update, We Cover Casio G-Shock NFTs, Lido Finance Risks Ethereum's Decentralization, Canva Integrates into ChatGPT, Scammers Compromise Government Websites, and More.

Jake
September 05, 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:

65.00 Ξ CryptoPunks #3438
59.00 Ξ POLITICS IS BULLSHIT #60/100
32.00 Ξ Ringers #195

🎉 Notable Mints:

Mercedes-Benz NXT Icons: The Era of Luxury

With Mercedes-Benz NXT Icons, we embark on a journey through Mercedes-Benz’s design heritage.

These collectibles are digital re-interpretations of the most notable designs and were created by the Mercedes-Benz design team, headed by Chief Design Officer Gorden Wagener.

app.mintify.xyz/collection/mercedes-benz-nxt-icons

Illuvium Booster Packs for Cards of Ethernity

Aether Games is an entertainment development studio with a team seasoned by experience from the biggest titles in the industry. We redefine gaming by intertwining technology, immersive narratives, and traditional elements.

app.mintify.xyz/collection/illuvium-booster-packs-for-cards-of-ethernity

⬆️ Top by Volume:

BAYC, floor of 26.86 Ξ (1% ▲)
MAYC, floor of 5.17 Ξ (2% ▽)
Milady Maker, floor of 3.4 Ξ (7% ▽)

⬆️ Top by Sales:

IRL Punks, floor of 0.0063 Ξ (20% ▽)
DAWAE, floor of 0.011 Ξ (43% ▽)
Dorkz, floor of 0.019 Ξ (18% ▽)

🪅 Biggest Winners:

Women Unite - 10k Assemble, floor of 0.28 Ξ (87% ▲)
Mutant Hound Collars, floor of 0.45 Ξ (50% ▲)
Quirklings, floor of 0.2 Ξ (41% ▲)

⛓️ NFT Vol. by Blockchain:

ETH: $6.05M (27% ▲)
BTC: $480k (45% ▲)
SOL: $786k (25% ▲)
MATIC: $631k (12% ▽)
ZORA: $926 (53% ▽)

🪙 Top Tokens:

BTC: $25,696 (0.7% ▽)
ETH: $1,629 (0.2% ▽)
BNB: $214 (0.4% ▲)
XRP: $0.502 (0%)
DOGE: $0.0637 (1% ▲)

📊 Market Stats:

Global Crypto Market Cap: $1.04T
BTC Dominance: 49.12%
BTC OI: $6.98B
Fear & Greed: 40

💹 Indices (Futures):

DOW: $34,851 (0.1% ▽)
S&P500: $4,512 (0.2% ▽)
NASDAQ: $15,466 (0.4% ▽)
FTSE100: $9,422 (0.2% ▽)
HSI: $2,358 (0.3% ▲)

Other News

Web3

Electronics giant Casio reveals upcoming Virtual G-Shocks in partnership with Polygon Labs
Sorare launches AR-equipped 3D football cards and a global scavenger hunt
Crypto casino Stake’s ETH, BSC hot wallets hacked for ~$41M
Community calls VC Firm Nima Capital a rug after an unknown liquidity provider linked to the firm dumped their SYN tokens and removed liquidity
Scammers compromise official government websites to redirect to fake MetaMask websites

Blockchain

Community members begin to warn that Lido Finance is at risk of becoming too centralized, threatening Ethereum as a whole
Vitalik says the centralization of nodes is one of ETH's largest problems, and to make nodes cheaper and easier to run
Lido DAO will vote to financially support Lido on Solana to prevent it from shutting down
Chronicle, the second largest oracle provider for MakerDAO, is expanding outside the ecosystem with a new protocol, making oracles available on various networks
Victor Chang Cardiac Research Institute selects Filecoin as its preferred method of storing its massive volume of research

Finance

Cronos Labs begins to search for eight startups to participate in the third cohort of its $100M accelerator program
Harvard scholar Christine Kim’s research paper details arguments supporting the immediate taxation of in-metaverse income and wealth

Government

Japanese regulators propose changing the tax code to free domestic firms from the end-of-the-year “unrealized gains” tax on crypto
FSB and IMF will introduce a paper calling for global crypto policy coordination this weekend

Business

South Korean KEB Hana Bank partners with crypto custodian BitGo
Canva integrates into ChatGPT through its plugins feature
ECB board member Fabio Panetta says the digital euro can help prevent private dominance of the financial sector

Legal

Elon threatens to sue the Anti-Defamation League; “The @ADL has been trying to kill this platform by falsely accusing it & me of being anti-Semitic”