Daily Market Update 9/27

Top Stories

NFT Market Recap

💰️ Notable Sales:

• 61.95 Ξ CryptoPunks #9246

• 19.9 Ξ Otherdeed Expanded #100

• 7.54 Ξ MAYC #21715

🎉 Notable Mints:

⬆️ Top by Volume:

• Pudgy Penguins, floor of 5.2 Ξ (12% ▲)

• BlockGames Dice, floor of 0.11 Ξ (12% ▽)

• Otherside Vessels, floor of 0.17 Ξ (13% ▲)

⬆️ Top by Sales:

BlockGames Dice & Otherside Vessels are also top #1 and #2 by sales

• Nakamigos-CLOAKS, floor of 0.078 Ξ (6% ▲)

• Sugartown Oras, floor of 0.21 Ξ (20% ▽)

• Lil Pudgys, floor of 0.44 Ξ (11% ▲)

🪅 Biggest Winners:

• Beef Brothko, floor of 0.87 Ξ (55% ▲)

• Orbs By Pixel Dreams, floor of 0.75 Ξ (54% ▲)

• Kawamii Teens, floor of 0.082 Ξ (37% ▲)

Other News

Web3

• Pudgy Penguins toys hit 2,000 Walmart stores across the US; an announcement project founder Luca Netz emphasizes is just the start

• VeeFriends partners with Mattel for an exclusive Masters of the Universe Origins and VeeFriends 2-Pack collectible

• VaynerSportsPass reveals its VSP Rewards Season 0, where holders can earn points for exclusive sports experiences

• Grant Yun partners with Ledger to release a limited edition Ledger Nano X inspired by his “Midwest” art collection

Blockchain

• Circle’s $EURC stablecoin launches on Stellar

• Chainlink extends its Cross-Chain Interoperability Protocol to Base

Finance

• Curve Finance founder settles his loans on Aave, reducing his debt to $42.7M across other DeFi protocols

• Shardeum co-founder says India’s 1% tax on crypto trades won’t work for high-frequency trading

• Foundry report estimates Texas is now the number-one US state for BTC mining by hash rate share

• Mixin Network offers a $20M bug bounty if the hackers return the remaining funds from the $200M exploit

Artificial Intelligence

• Spotify reverses its previous anti-AI stance and will not ban AI-generated music following its announcement of AI-translated podcasts

• Amazon clarifies its use of customer Alexa conversations to train its AI as voluntary only after agreeing to use a more “customized” version

• Video game voice and motion actors are ready to strike over AI concerns if an agreement with game studios is not reached

• CIA says it is creating its own ChatGPT tool to conduct open-source investigations by analyzing public information

Government

• Federal Reserve Banks of Boston and NY report stablecoins could “become a source of financial instability”

• Four US Representatives request the SEC’s Gensler to “immediately” approve the listing of a spot BTC ETF

• Individual added to the US Treasury sanctions list includes an ETH address

Business

• Kraken secures money license registration in Spain and Ireland

• MoneyGram will launch a noncustodial crypto wallet by Q1 2024

• Laser Digital receives in-principal approval for operations in Abu Dhabi

• Bahrain-based Bank ABC will use JPMorgan’s Onyx Coin Systems for blockchain-based cross-border payments, reducing cost and settlement times relative to traditional solutions

• SCBX and Hashed agree to work on joint R&D initiatives and events aimed at promoting decentralized technology adoption regionally and globally

Legal

• AirBit Club co-founder sentenced to 12 years for his role in the $100M “pyramid scheme” involving crypto mining

• Evergrande Group chairman has been placed under police surveillance, raising doubts about the embattled developers future

• BlockFi customers are one step closer to being paid out as NJ Bankruptcy Court approved its liquidation plan

• Judge rules SBF’s lawyers can ask the DOJ’s witnesses about their recreational drug use

• Judge rules SBF’s lawyers cannot mention effective altruism or his jail time in court

• Judge rules DOJ prosecutors will be allowed to surface details of SBF’s political donations as evidence related to his fraud charges