Daily Market Update 9/26

Top Stories

NFT Market Recap

💰️ Notable Sales:

• 112 Ξ BAYC #591

• 109 Ξ Eternal Pump #19

• 109 Ξ Eternal Pump #40

🎉 Notable Mints:

⬆️ Top by Volume:

• BAYC, floor of 23.8 Ξ (1% ▽)

• MAYC, floor of 4.8 Ξ (1% ▽)

• The Captainz, floor of 3.3 Ξ (8% ▲)

⬆️ Top by Sales:

• Chicken Brothko, floor of 0.014 Ξ (63% ▽)

• Nakamigos-CLOAKS, floor of 0.075 Ξ (22% ▽)

• JERKS, floor of 0.18 Ξ (48% ▽)

🪅 Biggest Winners:

• Diary By Vinnie Hager, floor of 0.044 Ξ (93% ▲)

• Beef Brothko, floor of 0.57 Ξ (56% ▲)

• Memewhales By TradeAI, floor of 6.5 Ξ (39% ▲)

Other News

Web3

• BAYC unveils its collaboration with BAPE; specifics remain TBA

• Sugartown reveals Oras staking will launch Wed. to a select 400 users

• Hoofster NFC crowdsource-designed shoes hit the Milan Fashion Week Runway

• Animoca Brands forms a Strategic Commercial Partnership with Daehong Communications to foster Lotte Group’s expansion in Web3

• NBA Top Shot’s latest campaign, Run It Back Eras, blends traditional elements with novel features to highlight 2014 - 2019 NBA Moments

Blockchain

• NASA, in partnership with Lonestar and the Isle of Man, will send a payload to the Moon containing “data cubes” in Feb. 2024, which will verify immutably that humans have landed on the Moon

• Microsoft leak reveals plans to include a crypto wallet in its next-generation Xbox console

• Casey Rodarmor, the creator of the Ordinals protocol, rolled out a new protocol called “Runes” dedicated to fungible tokens on BTC

Finance

• Bernstein analysts believe the crypto industry is on track to “transition from a cottage industry ($50B of managed assets) to a formal, regulated asset management industry with $500-650 billion of assets over the next 5 years.”

• Bitwise challenges spot BTC ETF proposal’s use of surveillance-sharing agreements with Coinbase and emphasizes CME Futures Market’s role in price discovery

• MicroStrategy has bought another $147M $BTC or 158,245 Bitcoin

• Friday’s quarterly expiries will see 117k BTC and 1.1M ETH options contracts expire

Artificial Intelligence

• OpenAI will soon roll out image and voice interactions with ChatGPT

• China plans to build AI chip factories for creating particle accelerators to help position itself as a leader in the semiconductor industry

• Getty Images reveals a new generative AI platform trained exclusively on its library of owned and licensed images, aiming to provide images that are “commercially safe”

Government

• US lawmakers have until Sept. 30 to reach a decision on government spending; otherwise, crypto bills will be put on hold

• European Central Bank chief addresses “conspiracy theories,” saying a digital euro is at least two years away

• China’s e-CNY digital yuan app adds international Mastercard and Visa top-up options

• Taiwan bans unregistered foreign crypto exchanges from operating

Business

• Celsius creditors voted in favor of a plan that would return their crypto and distribute equity in a new company

• Binance has resumed operations in Belgium

• Chase is banning crypto-linked payments for UK clients starting Oct. 16

Legal

• SEC objects to Coinbase’s role in Celsius’ bankruptcy distribution plan

• Ben Armstrong has reportedly been arrested while on his YouTube livestream