Daily Market Update 9/22

Top Stories

NFT Market Recap

💰️ Notable Sales:

• 32.51 Ξ BAYC #3222

• 19.99 Ξ Pudgy Penguins #7821

• 16 Ξ The Captainz #7813

🎉 Notable Mints:

⬆️ Top by Volume:

• Nakamigos-CLOAKS, floor of 0.068 Ξ (43% ▽)

• BAYC, floor of 24.1 Ξ (5% ▽)

• MAYC, floor of 4.8 Ξ (3% ▽)

⬆️ Top by Sales:

• Nakamigos-CLOAKS, floor of 0.068 Ξ (43% ▽)

• Maximals, floor of 0.006 Ξ (31% ▽)

• Cool Pets, floor of 0.033 Ξ (0.3% ▲)

🪅 Biggest Winners:

• Pirate Nation - Founder's Pirates, floor of 0.089 Ξ (92% ▲)

• Velocity Series: Velocity Pass, floor of 0.98 Ξ (34% ▲)

• AnarKey, floor of 12 Ξ (20% ▲)

Other News

Web3

• Director Randall Miller looks to NFTs for funding his newest creative endeavor, an animated recreation of the hit indie film “Bottle Shock”

• Animoca Brands subsidiary Blowfish Studios will launch its AAA game PHANTOM GALAXIES on the Epic Games store on Nov. 2

• Upland announces an NFT fundraiser to support nonprofit KABOOM! consisting of 1,800 playground NFTs users can place on their metaverse property

• Uniswap and DoDAO launched Uniswap University, aiming to create a structured learning pathway for onboarding users to its v3 exchange

• Nansen reported a security breach revealing some user’s blockchain addresses, password hashes, and email addresses

• Linear Finance reported an attack that drained the liquidity of its Linear USD token on PancakeSwap and Ascendex

Blockchain

• Chainlink launches the Chainlink Cross-Chain Interoperability Protocol on Arbitrum One to drive cross-chain dApp development

• Lumerin’s marketplace to offer trading of Bitcoin mining hashpower on Arbitrum, the start of its journey to re-democratize mining

• Binance’s “Binance 14” wallet observed spending nearly $850k in gas fees in just 24 hours

Finance

• Pancakeswap adds Transak to offer multi-chain fiat onboarding

• Berenberg Capital Markets analysts predict the upcoming Bitcoin halving could be a benefit to publically traded Block more than it should

• Blofin volatility trader insists the Bank of Japan “will be the most significant uncertainty factor in the future,” citing a lack of policy path transparency compared to the Fed or ECB

• Tim Draper reveals Draper Goren Blockchain, a new crypto-centric venture studio focused on accelerating “DeFi innovations,” L2 scaling solutions, and consumer apps

• Proof of Play, the on-chain game studio behind Pirate Nation, announces the raise of $33M in seed funding

• Observers claim insider trading as “lucky” trader turns $22k into $10M by opening calls in cybersecurity software company Splunk just hours before the announcement of Cisco’s acquisition of it for $28B

Artificial Intelligence

• Nirvana bassist Krist Novoselic reveals his interest in using AI to help complete previously unheard demos of the band

• YouTube reveals new AI features to enhance video creation for Shorts and long-form clips on the site

• Microsoft reveals Microsoft Copilot, a new set of AI-powered solutions for its products, starting with Windows 11 on Sept. 26

• Actor Anil Kapoor won a judgment in the Delhi High Court against the unauthorized use of his name, image, voice, and personality after finding AI-generated deep fakes of him used on various sites

• Poland’s data protection watchdog confirmed it has opened an investigation into OpenAI over complaints accusing the firm of processing data in an “unlawful, unreliable manner“

Government

• India is developing a dark net monitoring tool to track crypto wallets for fraud and alert the Ministry of Home Affairs of irregular transactions

Business

• Core Scientific seals its $77M deal to assist Bitmain’s mining operations

• Galaxy Digital appoints Leon Marshall as its first European CEO as it looks to expand into the continent

• Entertainment and events firm Dreamus has begun offering NFT ticketing services on Avalanche through its loyalty rewards app

• Tether has invested an undisclosed amount into crypto miner Northern Data Group, stating the investment demonstrates “its determination to support emerging technology,” hinting at potential AI collaborations

Legal

• Federal Judge grants the DOJ’s motion to block all of SBF’s proposed witnesses from testifying at his trial, stating reasons ranging from lack of proper clarity on topics to general unsuitability for testifying

• FTX files a $157M lawsuit against former employees of the exchange’s HK affiliate who are believed to have used their connections to pull their money out when FTX stability was first in question

• Binance US asks court to dismiss the SEC’s case, calling allegations of wash trading “unsubstantiated with facts”