Daily Market Update 9/19

In Today’s Market Update, We Cover Citigroup Introducing Citi Token Services, Digital Assets Becoming a US Politics “Sleeper Issue,” Animoca Brands Japan Partnering with Honda, BItcoin Dominance Breaking 50%, and More.

Author

Jake
September 19, 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

Citigroup introduces Citi Token Services offering cross-border payments, liquidity, and automated trade finance solutions to institutional clients

Animoca Brands Japan partners with Honda, Gryfyn, and GET Protocol

Majority whip Tom Emmer says digital assets have become a “sleeper issue” in US politics leading into 2024 elections

Matrixport research head notes BTC’s dominance hitting 50% and says it could continue

NFT Market Recap

💰️ Notable Sales:

🎉 Notable Mints:

Defaced: Lost In The Supermarket on Superrare

A look into what it’s like to be spit out by my brain. Exhibited in Seoul, this piece will be coming soon – my first 1/1 on @SuperRare

app.mintify.xyz/collection/defaced-lost-in-the-supermarket-by-on-superrare

Stereo by Rafaël Rozendaal

Stereo (2023) by Rafaël Rozendaal. The work is responsive; it adjusts to any screen size. Code by Reinier Feijen. The code of this work is stored on the Ethereum blockchain. Rafaël Rozendaal (1980) is a visual artist who uses the internet as his canvas.

app.mintify.xyz/collection/stereo-by-rafael-rozendaal

ANONS by Matt Kane

‘A couple portraits will be released along with their Multitudes in waves, every couple weeks. We begin the Auction on Tuesday, September 19th More ANONS coming soon…’ ‘

app.mintify.xyz/collection/anons-by-matt-kane

⬆️ Top by Volume:
⬆️ Top by Sales:

🪅 Biggest Winners:

⛓️ NFT Vol. by Blockchain:

  • ETH: $5.58M (14% ▲)

  • BTC: $780k (45% ▽)

  • SOL: $974k (24% ▲)

  • MATIC: $902k (7% ▽)

  • ZORA: $1,743 (28% ▽)

🪙 Top Tokens:

  • BTC: $27,158 (4.2% ▲)

  • ETH: $1,644 (2.6% ▲)

  • BNB: $218 (3.1% ▲)

  • XRP: $0.508 (6.3% ▲)

  • ADA: $0.255 (2.8% ▲)

📊 Market Stats:

  • Global Crypto Market Cap: $1.07T

  • BTC Dominance: 50.17%

  • BTC OI: $7.74B

  • Fear & Greed: 46

💹 Indices (Futures):

  • DOW: $34,871 (0.2% ▽)

  • S&P500: $4,492 (0.2% ▽)

  • NASDAQ: $15,368 (0.3% ▽)

  • FTSE100: $9,554 (0.03% ▽)

  • HSI: $2,300 (0.04% ▽)

Other News

Web3

  • Parallel Alpha launches Echo Replication, allowing players to mint new Echo cards using $PRIME and Renown

  • Vinnie Hager reveals “Diary” one-week physical claim details

  • Animoca Brands Japan partners with Honda, Gryfyn, and GET Protocol to introduce membership and commemorative NFTs at the upcoming FORMULA 1™ Honda & Red Bull events in Japan

  • Mila Kunis’ Stoner Cats collections have been blocked from OpenSea, Rarible, and Blur following its settlement with the SEC

Blockchain

  • Canto blockchain plans to transition to a zk L2 on ETH through Polygon

  • Silencio network launches with over 35k smartphones working as noise sensors in an effort to combat global noise pollution

  • Matrixport research head notes BTC’s dominance hitting 50% and says it could continue enjoying “potential buying pressure” from ETF hype

  • Citigroup introduces Citi Token Services operating on a private and permissioned blockchain, offering cross-border payments, liquidity, and automated trade finance solutions to institutional clients

Finance

  • Binance sees $573M staked ETH inflows this month

  • Anchorage Digital co-founder and President says the federally chartered digital asset bank saw a fourfold increase in the amount of ETH staked on the platform this year

  • Blockchain Capital closes two crypto funds totaling $580M for investment in crypto infra, gaming, DeFi, and consumer and social tech

  • Tether “authorised but not issued” $1B USDT to “replenish” the Tron network

  • Crypto exchange-traded products saw $455M in outflows over the past nine weeks

Artificial Intelligence

  • Multinational holding company SoftBank is considering making substantial investments in the AI sector, specifically OpenAI

  • Ant Group reportedly exits crypto by selling its $100M stake in A&T Capital to increase its focus on AI

  • Google shifts its SEO playbook to better accommodate content generated with AI assistance

Government

  • Majority whip Tom Emmer says digital assets have become a “sleeper issue” in US politics leading into 2024 elections

  • UK House of Lords passed a bill that expands the ability of UK authorities to target illicit crypto usage for seizure

  • Thailand will start taxing overseas income next year, including from crypto

Business
Legal

  • SEC urges court to approve an inspection into Binance US, doubling down on previous accusations that the firm failed to produce documents sought by the regulator

  • BAM Trading lawyers allege the SEC’s document requests from Binance US are “overbroad” and too much of an “inconvenience” to honor

  • Judge denies the SEC immediate access to Binance US software

  • FTX Bankruptcy Estate sues SBF’s parents over millions in “misappropriated” funds

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