Daily Market Update 9/06

Top Stories

NFT Market Recap

💰️ Notable Sales:

• 35.00 Ξ Ringers #195

• 7.49 Ξ Otherdeed Expanded #92566

• 6.80 Ξ DeGod #555

🎉 Notable Mints:

⬆️ Top by Volume:

• MAYC, floor of 5.33 Ξ (4% ▲)

• BAYC, floor of 27.5 Ξ (3% ▲)

• DeGods, floor of 4.32 Ξ (1% ▲)

⬆️ Top by Sales:

• IRL Punks, floor of 0.004 Ξ (36% ▽)

• Crazy Frens, floor of 0.3 Ξ (14% ▽)

• Dorkz, floor of 0.03 Ξ (31% ▲)

🪅 Biggest Winners:

• Velocity Series: Velocity Pass, floor of 0.84 Ξ (31% ▲)

• Consortium Key, floor of 1.5 Ξ (28% ▲)

• Winds Of Yawanawa By Yawanawa And Refik Anadol, floor of 10.65 Ξ (28% ▲)

Other News

Web3

• Christie’s will host the auction of Keith Haring’s “Pixel Pioneer,” a collection of five digital works created on a Commodore Amiga

• MetaMask launches crypto to fiat conversion and cashouts

• Yuga reveals details for its twelve-week TwelveFold “Moon Puzzle” series with BTC prizes

• eFuse postpones Creator League after layoffs, community backlash surrounding its use of blockchain for data and log info validation

• Connext airdrop spoiled by $38k sybil bot attack

Blockchain

• Roofstock onChain and Origin Story celebrate the sale of their third blockchain-backed property

• Polygon launches its CDK and may transition to a zkEVM Validum soon

• USDC launches natively on Base and Optimism Networks

• World Federation of Exchanges (WFE) reports that 40% of crypto trading platforms are decentralized and using distributed ledger tech

Finance

• The Brainy Insights estimates the $3.5B NFT market will reach $81.5B by 2032, driven by music, artwork, and video game digital assets

• Coinbase raises its debt buyback offer from $150M to $180M

• SOMA Finance will issue the first retail-compliant digital security, offering a dividend of up to 10% of profits

Artificial Intelligence

• CertiK security chief warns AI-written smart contracts could ‘fail miserably’ when attacked

• Oxford scientists have developed a GPU-accelerated limit order book (LOB) simulator allowing AI models to train on financial data up to 7x faster

• Epic Games embraces AI in games, while Steam is banning them

• Baidu CEO says over 70 AI models with over 1 billion parameters have been released in China since the country’s new AI regulations have been in place

Government

• Grayscale says the SEC has “no grounds” to reject its BTC ETF conversion

• Circle raises concerns and recommends tweaks to the EU’s proposed crypto guidelines

• El Salvador will introduce BTC in its education curriculum by 2024

• Russian lawmaker Anatoly Aksakov predicts the digital ruble will displace banks

Business

• Visa is tapping into USDC on Solana to offer high-speed cross-border payment transactions

• Genesis Global Trading (GGT) will shutter its US OTC trading desk

• Coinbase is launching an institutional investor crypto lending platform

• Ark Invest Chief Futurist Brett Winton says the US would be better off embracing BTC rather than trying to “wound” it

• Tether is now in the top 22 largest holders of US Treasury Bills, outranking the countries of Spain, Mexico, Australia, and the UAE

• 80 Chinese influencer accounts with over 8M combined followers were “proactively removed” from social media platform Sina Weibo for breaching regulations surrounding crypto promotions

Legal

• Crypto attorneys say the DOJ’s Tornado Cash indictments contradict FinCEN guidance