Daily Market Update 9/13

Top Stories

NFT Market Recap

💰️ Notable Sales:

• 100 Ξ Autoglyphs #154

• 55.69 Ξ CryptoPunks #8978

• 6.50 Ξ Pixelmon #11241

🎉 Notable Mints:

⬆️ Top by Volume:

• BAYC, floor of 25.4 Ξ (2% ▽)

• Milady Maker, floor of 2.4 Ξ (13% ▽)

• Nouns, floor of 36.4 Ξ (1% ▲)

⬆️ Top by Sales:

• Sphpp, floor of 0.021 Ξ (5% ▲)

• Redacted Remilio Babies, floor of 0.47 Ξ (14% ▽)

• Milady Maker, floor of 2.4 Ξ (13% ▽)

🪅 Biggest Winners:

• Mutant Garden Seeder, floor of 5.7 Ξ (121% ▲)

• Sonora Maker, floor of 0.36 Ξ (112% ▲)

• Metakeys DAO, floor of 0.85 Ξ (95% ▲)

Other News

Web3

• Yuga announces “The Rift” will open tomorrow, Sept. 14

• The Sandbox partners with Unstoppable Domains and Smobler Studios to launch an in-game adventure later this year

• LACMA’s fifth "Remembrance of Things Future" entry, "Distance," consists of 250 generative artworks by the French digital artist William Mapan on Paul Klee’s 1914 watercolor, "In the Kairouan Style, Transposed in a Moderate Way."

• Solflare launches a feature allowing users to manage SOL portfolios from MetaMask wallets using MetaMask’s new Snaps feature

• Italian luxury watch brand Panerai will include an NFT-based “digital passport” with all watches purchased from Oct. 3

• Petition created on change.org opposes the use of Chainalysis forensic services by federal agencies, questioning its accuracy and raising legal concerns surrounding the firm’s activities

• Vitalik confirms recent hack of his X account was the result of a SIM-swap attack; passwords can be reset via SMS authentication even if opting to use a dedicated 2FA

Blockchain

• BNB’s L2, opBNB network, goes live after months of testing

• Telegram integrates the TON wallet into its messaging app

• Coinbase confirms its decision to integrate the BTC Lightning Network

Finance

• Paxos first PYUSD report reveals stablecoin is 100% backed

• Binance airdrops $100 in BNB to users in areas affected by the Sept 8 earthquake in Morocco; users must have had their address details verified before Sept 9

• Piers Dunhill, the great-great-grandson of business icon Sir Alfred Dunhill makes a $3M bet on crypto amid the bear market, saying, “I like to try and do the opposite of everyone else. The bear market sentiment right now is why I’m looking to invest.”

Artificial Intelligence

• US and Vietnam are “upgrading” their relationship by forming deals and partnerships to advance cooperation in AI technologies, cloud computing, semiconductors, and more

• Microsoft President Brad Smith says AI firms should adopt KYC policies to fight misuse

• Grammy CEO clarifies that the AI Drake song is ineligible for an award over copyright issues

Government

• Gensler confirms the SEC is using AI to monitor the financial sector for signs of fraud and manipulation

• SEC is reviewing the court’s ruling on the ongoing Grayscale case and “multiple filings” around BTC ETFs

• House Majority Whip Tom Emmer reintroduced the anti-CBDC bill with new provisions not included in the original version from Feb.

Business

• Apple iPhone 15 and 15 Pro come with upgrades like ray tracing and support for some Ubisoft and Capcom console games

• Sony Network Communications, a subsidiary of Sony, partners with Startale Labs, the makers of Astar blockchain, to develop a new network “that connects souls across generations”

• Head of blockchain launch and Onyx digital assets at JPMorgan says “the proof point is real” for blockchain-based financial instruments

• Zodia Custody, a subsidiary of Standard Chartered, launches in Singapore

• CNA Insurance excludes NFTs from coverage from Schwab Strategic Trust’s policy worth $20M

• Franklin Templeton files for a spot BTC ETF

• Gemini says the over 230k retail creditors who used the company’s Earn program will be made “nearly whole” under a proposed remuneration deal

• Binance US CEO exits as the exchange cuts a third of its workforce

Legal

• OneCoin co-founder Karl Greenwood sentenced to 20 years in prison and ordered to pay back the $300M made in commissions

• SBF’s temporary release request was denied, and will likely remain behind bars until his Oct. 3 trial

• SBF’s lawyers want to know if potential jurors for his upcoming criminal trial have any opinions about crypto, SBF’s body language, and effective altruism

• Former Celsius CEO seeks the dismissal of his FTC case “in its entirety”

• Ben Armstrong filed a lawsuit in Georgia against Hit Network CEO and father for removing him from the company