Daily Market Update 9/07

In Today’s Market Update, We Cover Pudgy Penguin’s $10M Sales Milestone, PUBG Devs Reveal Cosmos-Based L1, Arkham Identifies $16B in Grayscale BTC, Deadfellaz TCG, and More.

Author

Jake
September 07, 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

Krafton, the devs behind PUBG, reveal Cosmos-based Settlus L1 blockchain

Arkham Intelligence identifies 1,750 wallets containing $16.1B in BTC linked to the Grayscale Bitcoin Trust

Vitalik co-authors a paper on a regulatory-friendly Tornado Cash alternative

Pudgy Penguins is on track to hit a sales milestone of $10M from toys in just seven months

Deadfellaz reveals the development of the digital trading card game RIP TCG

AI-generated Drake song has been submitted for Grammy nomination

NFT Market Recap

💰️ Notable Sales:
🎉 Notable Mints:

Diary by Vinnie Hager

‘Diary’ by Vinnie Hager is a look into Vinnie Hager’s artistic exploration over the course of the last decade. The development of his unique visual language begins with 100 archived physical drawings that established themselves as the backbone and the 1/1’s in this collection.

app.mintify.xyz/collection/diary-by-vinnie-hager

Post Morphologies Experience by Renderfruit on LVCIDIA

A Renderfruit artwork is an experience in itself. Music, movement, light, and color intermingle in a carefully choreographed dance, infinitely expressive and intentionally ambiguous. Every piece in her maximalist constructions has its place.

app.mintify.xyz/collection/post-morphologies-experience-by-renderfruit-on-lvcidia

⬆️ Top by Volume:
⬆️ Top by Sales:

🪅 Biggest Winners:

⛓️ NFT Vol. by Blockchain:

  • ETH: $6.2M (6% ▲)

  • BTC: $452k (17% ▽)

  • SOL: $1.17M (42% ▲)

  • MATIC: $1.7M (42% ▲)

  • ZORA: $1.5k (14% ▽)

🪙 Top Tokens:

  • BTC: $25,682 (0.01% ▲)

  • ETH: $1,626 (0.2% ▽)

  • BNB: $213 (0.4% ▽)

  • XRP: $0.499 (0.4% ▽)

  • ADA: $0.254 (0.7% ▽)

📊 Market Stats:

  • Global Crypto Market Cap: $1.04T

  • BTC Dominance: 49.14%

  • BTC OI: $7.12B

  • Fear & Greed: 41

💹 Indices (Futures):

  • DOW: $34,399 (0.2% ▽)

  • S&P500: $4,438 (0.7% ▽)

  • NASDAQ: $15,203 (1.3% ▽)

  • FTSE100: $9,305 (0.3% ▽)

  • HSI: $2,306 (0.3% ▽)

Other News

Web3

  • Deafbeef announces his next project, HASHMARKS, a collection of 100 crypto graphically linked NFTs paired with physical hand-forged iron sculptures featuring a time-based fading mechanism and a site-specific event in Patagonia

  • Deadfellaz reveals the development of the digital trading card game RIP TCG, featuring 3-D combat and deep card customization

  • Reddit launches NFT avatars to commemorate the NFL’s 32 teams

  • Pudgy Penguins is on track to hit a sales milestone of $10M from toys in just seven months, a forecast up from $7M just two months ago

Blockchain
Finance

  • Story Protocol raises $54M led by a16z to revolutionize IP and creativity

  • Marathon Digital blames August heat for its 9% drop in bitcoin production the past month

  • Riot Platforms mined 19% fewer bitcoin the past month but secured $31.7M in power and demand response credits from the Electric Reliability Council of Texas (ERCOT)

Artificial Intelligence

  • Falcon, a new open-source language model with 180B parameters, surpasses Meta's LLaMA 2 and other models in scale and benchmark performance across several natural language processing (NLP) tasks

  • American racing legend Michael Andretti’s SPAC will bring generative AI software company Zapata AI public on the NYSE through a merger

  • AI-generated Drake song by anonymous producer “Ghostwriter” has been submitted for Grammy nomination in two categories

Government
Business
Legal

  • Tornado Cash co-founder Roman Storm pleads not guilty to all charges

  • Genesis sues its parent company DCG and DCG International Investments, seeking repayment of $600M in overdue loans

  • Celsius files an “adversary complaint” against EquitiesFirst Holdings to recoup $439M in cash and BTC

  • Feds file to freeze former Celsius CEO Alex Mashinsky’s assets

  • SBF’s motion for pretrial release will go before a 3-judge panel to decide his temporary freedom to prepare for his Oct trial

  • OpenAI and Microsoft are named as defendants in a class-action lawsuit alleging web scraping techniques were used for training ChatGPT

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