Daily Market Update 9/11

Top Stories

NFT Market Recap

💰️ Notable Sales:

• 62.00 Ξ CryptoPunks #2111

• 7.70 Ξ Matr1x 2061 #711

• 7.50 Ξ DeGod #3915

🎉 Notable Mints:

⬆️ Top by Volume:

• MAYC, floor of 5.23 Ξ (1% ▽)

• BAYC, floor of 27.1 Ξ (1% ▲)

• Nouns, floor of 36 Ξ (2% ▲)

⬆️ Top by Sales:

• Vitalik Elementals, floor of 0.0019 Ξ (27% ▽)

• Sphpp, floor of 0.01 Ξ (2% ▽)

• Yogapetz, floor of 0.19 Ξ (2% ▲)

🪅 Biggest Winners:

• Better Off Anon, floor of 14.4 Ξ (262% ▲)

• ACID PEPES By LORS, floor of 0.42 Ξ (209% ▲)

• Blips, floor of 0.15 Ξ (18% ▲)

Other News

Web3

• Cozomo De Medici and HUG partner to find six emerging artists to have their artwork featured on Shibuya Crossing, Tokyo billboards alongside XCOPY, Beeple, Claire Silver, Grant Yun, Sam Spratt, and Letsglitchit

• Deadfellaz partners with Unity for coordination of internal development as it builds its DTCG

• NounsDAO heads into its split after a critical mass of owners vote to fork their NFTs, along with their respective shares of the treasury

• Vitalik’s X account was compromised, resulting in the loss of over $690k

• Lido assures LDO and stETH tokens remain safe despite hackers exploiting a security flaw in the token’s contract

• Only Up game developer pulls the game from Steam, citing months of “stress” and initiative to continue their education

Blockchain

• Consensys-owned Infura plans to release a decentralized version of its service by the end of 2023 to make it resilient to outages

• Sushiswap launches on Aptos

• Terra Classic votes to raise the minimum deposit requirement to counteract an uptick in spam and irrelevant proposals

• On-chain analytics platform CryptoQuant reveals a similar spike in loss-making UTXOs as the 2020 April/March Black Swan event

Finance

• MakerDAO contributors propose allocating up to $100M for exploring tokenized T-Bills

• Coinbase CEO Brian Armstrong calls flatcoins, a form of stablecoin pegged to the cost of living in order to keep pace with the rate of inflation, the “next iteration of stablecoins”

• Amberdata report reveals ¼ of asset managers and hedge funds in the US and EU have senior executives overseeing digital asset strategies

• Grayscale ETH Trust discount drops to its lowest point in a year amid ETF push

• Animoca Brands raises $20M to expand its Mocaverse project

Artificial Intelligence

• Nasdaq receives SEC approval for AI-based order types called midpoint extended life orders (M-ELO)

• US senators unveil a bipartisan blueprint for AI regulation

• Scientists from Humboldt University of Berlin have developed an LLM model, OpinionGPT, tuned to generate outputs with expressed bias

• Meta is reportedly building a new, more powerful open-source LLM to challenge OpenAI and Claude

Government

• G20 pushes for speedy implementation of a cross-border framework for crypto assets

• Rep Tom Emmer sponsors an amendment to limit the SEC’s utilization of funds for digital asset enforcement until comprehensive rules are implemented

• France launches a crypto and finance influencer training module to encourage paid ad disclosures

• India is working on crypto regulatory frameworks based on the IMF and FSB recommendations

Business

• Apple secures rights to “Big Short” author Michael Lewis’ book on SBF

• Mastercard emphasizes its commitment to “drive and support interoperability across the different ways of making payments”

• Base, Aave, Centrifuge, and others form the Tokenized Asset Coalition to propel the adoption of tokenized real-world assets

• Ripple announces its intent to acquire Fortress Trust, a Web3-focused financial, regulatory, and infrastructure provider

• Former Algorand CEO Steve Kokinos proposed as CEO for the company buying Celsius

• Rario CEO and CTO are being pushed out as parent company Dream Sports cuts costs, and investors move to exert greater control

• Binance NFT ends support for Polygon in an effort to “streamline product offerings;” users have until EOY to withdraw

Legal

• SEC pushes back against Ripple and doubles down on its appeal bid

• FTX sues LayerZero Labs to cancel agreements made days before its collapse, specifically seeking recovery of $21M of allegedly illegally withdrawn funds

• FTX seeks to reverse payments made to Shaq, Naomi Osaka, and Miami Heat

• Utah man settles with the CFTC for soliciting investors in a $2M BTC commodity pool scheme