Daily Market Update 9/25

In Today’s Market Update, We Cover Arkham Identifying Coinbase’s 1M Bitcoin, Mixin Hacked for $200M, Miss Universe Denying Token Association, Bybit Suspending UK Services, and More.

Author

Jake
September 25, 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

Arkham Intelligence identifies ~1M BTC in Coinbase reserve wallets worth over $25B

Miss Universe Organization denies association with the Miss Universe Coin announced at the PBW

Writers Guild has reached a tentative agreement with the Alliance of Motion Picture and Television Producers

Mixin Network cloud service provider attacked by hackers, resulting in the loss of up to $200M

Bybit will suspend UK services on Oct. 1 in response to UK FCA’s new rules

Game engine maker Unity revised its controversial Unity Runtime Fee policies following backlash

NFT Market Recap

💰️ Notable Sales:
🎉 Notable Mints:

Jerks

Jerks is an exclusive collection comprising 690 1/1 NFTs meticulously crafted by a league of 35+ eminent digital artists. Each token represents a unique character, personified with its own distinctive name, bringing a world of individuality and creativity to life within the realm of Meme arts.

app.mintify.xyz/collection/jerks

Roger Kilimanjaro: 'Synthesize' on NiftyGateway

Synthesize is an extension of my ongoing work and obsession with the interaction between sound and visual. I created these imaginary and playful synthesizers, or controllers, to offer a direct and satisfying visualization of sound modulation.

app.mintify.xyz/collection/roger-kilimanjaro-synthesize-on-niftygateway

Hoizon and Kx: 3D Drop on Foundation

HoizonArt collab with Kx_ will be available on Foundation as an Open Edition. Each collector will receive an edition of the 3D model via airdrop.

app.mintify.xyz/collection/hoizon-and-kx-3d-drop-on-foundation

⬆️ Top by Volume:
⬆️ Top by Sales:

🪅 Biggest Winners:

⛓️ NFT Vol. by Blockchain (7D):

  • ETH: $36.7M (17% ▽)

  • BTC: $4.1M (13% ▽)

  • SOL: $7.9M (33% ▲)

  • MATIC: $9.5M (21% ▲)

  • ZORA: $14.7k (16% ▽)

🪙 Top Tokens:

  • BTC: $26,086 (2% ▽)

  • ETH: $1,570 (1.5% ▽)

  • BNB: $208 (1.3% ▽)

  • XRP: $0.496 (1.4% ▽)

  • DOGE: $0.0607 (1.4% ▽)

📊 Market Stats:

  • Global Crypto Market Cap: $1.04T

  • BTC Dominance: 49.9%

  • BTC OI: $7.52B

  • Fear & Greed: 47

💹 Indices (Futures):

  • DOW: $34,165 (0.2% ▽)

  • S&P500: $4,351 (0.2% ▽)

  • NASDAQ: $14,840 (0.2% ▽)

  • FTSE100: $9,358 (1.3% ▽)

  • HSI: $2,256 (0.2% ▽)

Other News

Web3

  • Luca Netz teases Pudgy Penguins’ “A Brave New World” activation

  • Otherside introduces “Odas,” the inhabitants of the Otherside, which can be evolved into a Kodamara when paired with a Mara

  • Moonbirds announces their collaboration with MNTGE for the grand finale of the Diamond Exhibition at Foundry by PROOF

  • Web3 game Big Time will soon exit its year-long testing phase and expects to go live early Oct.

  • Mixin Network cloud service provider attacked by hackers, resulting in the loss of up to $200M; deposit and withdrawals have been “temporarily suspended”

  • Miss Universe Organization denies association with the Miss Universe Coin announced at the Phillippine Blockchain Week event

  • OpenSea warns certain users should rotate API Keys after a third-party security breach left them vulnerable to attackers

Blockchain

  • Bitcoin mempool is still recovering from the Ordinals craze, with over 390k transactions unconfirmed from as far back as April

  • Ethereum’s “Dencun” upgrade could be delayed until early next year

  • Terra Classic community votes to cease all minting and reminting activities related to TerraUSD Classic to establish a stable peg to USD

Finance

  • Arbitrum airdrop claim comes to an end; the unclaimed $56M in $ARB has been added to the DAO’s treasury

  • Arkham Intelligence identifies ~1M BTC in Coinbase reserve wallets worth over $25B, noting Coinbase holds almost 5% of all existing BTC

Artificial Intelligence

  • Writers Guild has reached a tentative agreement with the Alliance of Motion Picture and Television Producers, ending the 146-day strike, the longest strike in the guild’s history

  • Amazon has updated its guidelines mandating the disclosure of AI-generated content amid a rise in low-quality AI-generated books advertised as written by humans

  • Amazon will invest $1.25B in Anthropic with the option to escalate its investment up to as much as $4B

  • Coinbase CEO Brian Armstrong calls for the deregulation of AI, saying, “We’ve enjoyed a golden age of innovation on software and the internet largely due to it not being regulated; AI should do the same.”

Government

  • European Parliamentary Research Service reports the need for harmonization in regulation across major jurisdictions

  • CFTC turns down KalshiEx LLC’s submission to allow traders to bet on which party will control the chambers of Congress as it would be "contrary to the public interest"

Business

  • Game engine maker Unity revised its controversial Unity Runtime Fee policies following backlash from smaller developers

  • Google Cloud’s BigQuery service added 11 blockchains to its data warehouse for enhanced offerings and improved existing databases

  • Coinbase secured AML compliance registration from the Bank of Spain

  • Bybit will suspend UK services on Oct. 1 in response to UK FCA’s new rules regarding marketing and communications by crypto businesses

  • Architect Financial Technologies, founded by former FTX US president Brett Harrison, receives approval to operate as an independent introducing broker

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