Daily Market Update 9/08

Top Stories

NFT Market Recap

💰️ Notable Sales:

• 46.63 Ξ BAYC #6567

• 34.00 Ξ DeGod #1065

• 22.50 Ξ CloneX #19636

🎉 Notable Mints:

⬆️ Top by Volume:

• MAYC, floor of 5.23 Ξ (0.6% ▲)

• BAYC, floor of 27.4 Ξ (0.7% ▲)

• Nouns, floor of 35.5 Ξ (3% ▲)

⬆️ Top by Sales:

• Yogapetz, floor of 0.21 Ξ (11% ▽)

• Crazy Frens, floor of 0.3 Ξ (10% ▲)

• Diary By Vinnie Hager, floor of 0.034 Ξ (32% ▽)

🪅 Biggest Winners:

• Reepz, floor of 0.063 Ξ (96% ▲)

• Seedworld Vanguards / Seed Pod, floor of 0.071 Ξ (58% ▲)

• EON RIFT Genesis, floor of 0.068 Ξ (55% ▲)

Other News

Web3

• OnChainMonkey DAO gathers over 2,000 votes in favor of migrating its entire collection from ETH to BTC Ordinals; project pays over $1M in BTC fees

• Ducati is launching its Ducati Legacy collection on the XRP ledger

• Rumble Kong League partners with apparel brand Stance to launch phygital, in-game HyperSocks

• Crypto whale loses $24M in staked ETH in a fishing attack

Blockchain

• Grab, a ride-hailing super-app, integrates Web3 services like blockchain-based rewards, pay with crypto, and more

• JPMorgan is building a blockchain-based solution for cross-border transactions, allowing settlements between banks for corporate clients

• Coinbase-backed decentralized insurance distributor OpenCover launches on Base

Finance

• Apple shares fell after several reports suggested that Chinese government workers could be banned from using iPhones

Artificial Intelligence

• Anthropic launches Claude Pro, a paid version of its AI chatbot to rival ChatGPT plus

Government

• CFTC commissioner Caroline Pham suggests a limited pilot program for digital asset markets to address crypto regulation, claiming the US may need to “play catch-up”

• UK crypto firms can apply for a three-month reprieve to comply with new marketing rules

• Kenyan lawmaker says Worldcoin “looks like a gang of criminals who are coming to harvest data from young people."

• Taiwan reportedly plans to put restrictions on unregistered overseas crypto exchanges operating within its jurisdiction

Business

• Binance’s CZ assures the firm has “no liquidity issues” and brushes off negativities of the recent weeks

• Fireblocks senior VP of payments says PayPal “stepping into the stablecoin realm represents a profound shift in how mainstream financial institutions perceive digital assets”

• Coinbase flags several countries where it intends to focus operations in the near term, signaling expansion to EU, Canada, Brazil, Singapore, and Australia as priorities

Legal

• Amended complaint filed against Shaquille O'Neal over his Astros project alleges violation of securities laws

• Fraud lawsuit against Curve CEO Michael Egorov was rejected because he did not live in the state when the alleged misdeeds took place

• CFTC charges Opyn, ZeroEx (0x), and Deridex with offering illegal derivatives trading

• LBRY file-sharing network files its intent to appeal the court decision that it failed to register with the SEC

• Tennessee-based Linus Financial settles with the SEC and agrees to stop offering its retail crypto lending product

• Former FTX exec Ryan Salame please guilty to criminal campaign finance violation charges and agrees to forfeit $1.5B

• Thodex CEO sentenced to 11,196 year jail sentence for $2B rug pull