Daily Market Update 9/14

Top Stories

NFT Market Recap

💰️ Notable Sales:

• 70 Ξ CryptoPunks #8270

• 68 Ξ Otherdeed #28973

• 4 BTC OCM Dimensions #215

🎉 Notable Mints:

⬆️ Top by Volume:

• BAYC, floor of 24 Ξ (5% ▽)

• Sugartown Oras, floor of 0.18 Ξ (81% ▲)

• MAYC, floor of 4.69 Ξ (9% ▽)

⬆️ Top by Sales:

• Sugartown Oras, floor of 0.18 Ξ (81% ▲)

• Nakamigos, floor of 0.2 Ξ (48% ▽)

• Sphpp, floor of 0.017 Ξ (19% ▽)

🪅 Biggest Winners:

• Stoner Cats, floor of 0.074 Ξ (291% ▲)

• Psychedelics Anonymous Genesis, floor of 0.21 Ξ (74% ▲)

• YAYO NFT, floor of 0.15 Ξ (46% ▲)

Other News

Web3

• Mila Kunis-backed Stoner Cats charged by the SEC over the sale of unregistered securities; settles for $1M and a “Fair Fund” reimbursement

• SEC commissioners Peirce and Uyeda published a dissenting statement, arguing the activity could be considered fan crowdfunding

• Yuga launched the Made By Ape Bodega on its official site to display the official directory for all valid and active MBA licenses.

• Nakamigos announces new 20k mint of Nakamigos Cloaks, collection retraces 50%

Blockchain

• Blockworks launches a new on-chain crypto analytics platform

• ETH developers prepare to replace the Goerli testnet with Holesky in an effort to enhance the ecosystem’s testing capabilities

• Sui launches Google, Twitch, and Facebook logins for DApps

• Cosmos Hub gets upgrades with a liquid staking module, allowing users to bypass the 21-day unbonding period by unstaking ATOM

• Mauve, a Cayman VASP and Coinbase-backed DEX for trading compliant and real-world assets, goes live

• 20M $APT will be unlocked in November, more than 8.5% of the token’s circulating supply

Finance

• Paxos claims responsibility for paying an unnecessary $510k BTC network fee and is in talks with the lucky miner to recoup funds

• Standard Chartered’s Zodia Markets intends to roll out a stablecoin-based forex market by the end of Sept.; co-founder Nick Philpott says, “I think a lot of traditional payment service providers are going to be left flat-footed and are going to be left behind”

• Digital trading platform MetaComp allows institutional and accredited investors to purchase securities like Treasury bills with stablecoins

• Tesla was most shorted US large-cap stock for the third consecutive month in Aug., followed by Charter Communications and Apple

• Phishing attack on a Fortress Trust third-party vendor led to a $15M loss and prompted Fortress to agree to sell itself to Ripple

• Bittrex lawyer notes only 36k of the 1.6M customers emailed have claimed their funds from its bankrupt US arm

Artificial Intelligence

• Goldman Sachs maintains its belief that an AI bubble does not exist despite growing concerns among analysts

• Ernst & Young (EY) reveals $1.4B investment in AI and the launch of a new AI-powered platform for its clients

• Alibaba launches its ChatGPT-like AI model for public and enterprise access throughout China

• Coca-Coca invites global enthusiasts to experience its new AI-blended Y3000 Zero Sugar, a beverage that embodies the aspirations, emotions, and tastes envisioned for the future

Government

• Californian lawmaker introduces a bill to protect actors, artists, and entertainers from AI clones

• EU lawmakers vote overwhelmingly in favor of the eighth iteration of the DAC8, a crypto tax reporting rule meant to empower tax collectors

Business

• Bank messaging platform SWIFT enters a new phase of sandbox testing; three central banks join the beta phase of its CBDC interoperability project

• Deutsche Bank partners with fintech firm Taurus to establish digital asset custody and tokenization services

• Coinbase CEO Brian Armstrong says the CFTC “should not be creating enforcement actions against decentralized (DeFi) protocols” in response to recent enforcement actions against three DeFi protocols

Legal

• Delaware Bankruptcy Court approves FTX’s sale of digital assets in weekly batches through an investment advisor with limits of $50M for the first week and $100M in subsequent weeks

• Former 3AC CEO Zhu Su and chair/director Kyle Davies have been barred from financial activity in Singapore for nine years