Daily Market Update 9/21

Top Stories

NFT Market Recap

💰️ Notable Sales:

• 100 Ξ Autoglyphs #337

• 50.69 Ξ CryptoPunks #2632

• 16.699 Ξ Pudgy Penguins #1334

🎉 Notable Mints:

⬆️ Top by Volume:

• BAYC, floor of 24.69 Ξ (1% ▽)

• Pudgy Penguins, floor of 4.5 Ξ (7% ▲)

• Sugartown Oras, floor of 0.27 Ξ (20% ▽)

⬆️ Top by Sales:

• Maximals, floor of 0.0076 Ξ (1% ▲)

• Sugartown Oras, floor of 0.27 Ξ (20% ▽)

• Web, floor of 0.065 Ξ (19% ▽)

🪅 Biggest Winners:

• BYOPill, floor of 0.062 Ξ (19% ▲)

• Kubz, floor of 0.14 Ξ (15% ▲)

• San FranTokyo Genesis Pass, floor of 0.1 Ξ (14% ▲)

Other News

Web3

• Newly-unearthed video shows Bitcoin pioneer Hal Finney speaking on zero-knowledge proofs at the Crypto ‘98 conference

• Space Helmet Moonbirds are joining the Lunaprise Museum on the moon, an initiative part of a collaboration with Space Blue that will see a vault of iconic art sent to the moon in a SpaceX Falcon 9 Rocket

• Yuga announces its creative and technical partners for the Otherside

• Apecoin DAO’s AIP-304, a proposal to spend 11M $APE on Yuga assets and other digital art passes

• Elixir Games secures the exclusive release of multiple Web3 games, including the highly-anticipated World Eternal Online and Cyber Titans

• French soccer club Paris Saint-Germain F.C. partners with Crypto.com to give away free AI-generated NFT posters

• Phantom introduces Shortcuts, a feature that consolidates all links and actions for your NFTs directly in your wallet

• Dapper Labs opens up the ability to link external wallets to Dapper accounts for a more open and interactive experience

Blockchain

• Alpha emerges to rival Friend.tech on the Bitcoin network

• Base introduces Pessimism, a security monitoring system for the Optimism ecosystem

• Wormhole integrates native $USDC transfers for Ethereum, Avalanche, Arbitrum, and Optimism

• GRO DAO votes to effectively cease ongoing operations and redeem the rest of its treasury directly to $GRO token holders who deposit into a redemption contract

• Eco wallet app will phase out custodial products to focus entirely on self-custody solutions centered around its Web2-feeling Beam wallet

Finance

• Optimism enters a private sale for $162M $OP tokens and informs the community there will be several token transfers

• Grayscale Investments applies for an ETH futures ETF

• Bitcoin’s 2021 87% drop on Binance US was reportedly caused by SBF’s Alameda “fat fingering” the wrong decimal point on a trade

• Mt. Gox delayed the deadline for its planned repayments by 12 months

Artificial Intelligence

• Elon’s Neuralink begins recruiting for human thought-reading trials in paralyzed human volunteers

• OpenAI reveals DALL-E 3, the latest iteration of its image generator, is coming to ChatGPT Plus and Enterprise soon

• Amazon announces plans to integrate its generative AI model across its product ecosystem

• Musixy.ai is set to launch, allowing creators to upload AI-generated tracks to earn when people stream their music and allowing fans to buy rights to AI tracks through NFTs

• The Author’s Guild opened a class-action lawsuit against OpenAI, alleging misuse of copyrighted material in the training of its models

• Meta has refuted claims made by author Sarah Silverman and a host of other authors that its AI model LLaMA trained on copyrighted material

Government

• Fed holds interest rates steady but indicates expectations of another hike before the end of the year and fewer cuts next year

• House Financial Services Committee advances a bill that would block the Federal Reserve from issuing a CBDC

• UK lawmakers passed a new bill requiring companies to assess the likelihood of clients encountering illegal content and of children encountering inappropriate content

• Institute of International Finance published an assessment of the European Commission’s proposed digital euro legislation and found six of the seven areas reviewed only “partly addressed”

• South Korea’s Busan is developing an Ethereum-compatible mainnet to become a “blockchain city”

Business

• Apple and Goldman Sachs reportedly scrapped plans to launch a futures trading app in 2022, with project infrastructure “mostly built”

• PayPal announces all Venmo users will be able to buy $PYUSD in-app “in the coming weeks”

• Alchemy Pay secures a Money Transmitter License in Arkansas

• Binance warns of multiple stablecoin delistings as the exchange adjusts to the EU’s crypto law MiCA taking effect next year

• CoinEx exchange will resume deposits and withdrawals with a new wallet system following a $70M hack due to compromised hot wallet private keys

Legal

• Epic Games FTC settlement page opens, allowing eligible Fortnite players who meet certain criteria to sign up for a refund