Daily Market Update 9/28

In Today’s Market Update, We Cover OpenAI Smart Phone Talks, Meta AI Announcements, Cricket Council Partnering with Near, Pokémon Cards Are Not Securities, and More.

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

OpenAI is reportedly in talks to bankroll a $1B project to build the “iPhone of artificial intelligence”

ICC partners with the Near Foundation to build a Web3 fan app for the 2023 Cricket World Cup in India

Swan hires former NBA champ Matthew “Delly” Dellavedova as VP of business development

Meta reveals its MetaAI personal assistant, AI image editing, and AR smart glasses developed with Ray-Ban

Gensler says a Pokémon card is not a security but could not answer regarding a tokenized Pokémon card

Kraken reportedly plans to offer US stock and ETF trading services

NFT Market Recap

💰️ Notable Sales:
🎉 Notable Mints:
⬆️ Top by Volume:
⬆️ Top by Sales:

🪅 Biggest Winners:

⛓️ NFT Vol. by Blockchain:
  • ETH: $4.6M (7% ▽)

  • BTC: $251k (55% ▽)

  • SOL: $946k (27% ▲)

  • MATIC: $1.3M (33% ▲)

  • ZORA: $1.6k (25% ▲)

🪙 Top Tokens:
  • BTC: $26,464 (1% ▽)

  • ETH: $1,621 (0.1% ▽)

  • BNB: $213 (0.5% ▽)

  • XRP: $0.5 (0.8% ▽)

  • ADA: $0.246 (0.2% ▽)

📊 Market Stats:
  • Global Crypto Market Cap: $1.06T

  • BTC Dominance: 49.87%

  • BTC OI: $7.81B

  • Fear & Greed: 46

💹 Indices (Futures):
  • DOW: $33,766 (0.01% ▽)

  • S&P500: $4,310 (0.1% ▽)

  • NASDAQ: $14,702 (0.3% ▽)

  • FTSE100: $9,241 (0.6% ▽)

  • HSI: $2,232 (0.2% ▲)

Other News

Web3
  • International Cricket Council partners with the Near Foundation to build a Web3 fan app for the 2023 Cricket World Cup in India

  • Pixelmon introduces Community and Cosmetic badges to reward active ecosystem participants

  • Refik Anadol reveals the opening of the J’Adore AI Data Sculpture today at Beaux-Arts de Paris in collaboration with Dior

  • Sorare announces Game Week 1 of its NBA season will begin on Oct. 17

  • Echelon PRIME Foundation introduces the Ardent Arena 2023, a tournament for Parallel supporters with upwards of $40k in total prizes

Blockchain
  • Marathon Digital Holdings confirms it mined an invalid BTC block, calling its only encounter with the unspecified error “an anomaly”

  • IOTA will debut the first public IOTA Smart Contracts and a related token today after months of testing

  • Fireblocks Wallet adds support for Tezos-based assets

Finance
  • Jade Protocol proposal suggests the DAO liquidate its $31M treasury and issue redemptions to token-holders

  • HK crypto exchange Hashkey will open $AVAX trading for professional investors with portfolios exceeding $1M as defined by the HK SFC

  • Cosco’s 1 once gold bars online member promotions are selling out within hours

Artificial Intelligence
  • OpenAI has relaunched its “Browse with Bing” beta feature for built-in web browsing for Plus and Enterprise

  • OpenAI is reportedly in talks with former Apple designer Jony Ive and Japanese tech giant SoftBank to bankroll a $1B project to build the “iPhone of artificial intelligence”

  • Meta reveals several upcoming products, including its MetaAI personal assistant, AI image editing, and AR smart glasses developed in partnership with Ray-Ban

  • Cloudflare launches its new platform, Cloudflare AI, and a suite of generative AI tools for developers to build on

Government
  • SEC’s Gensler tells the HFSC that a Pokémon card is not a security but could not give a definitive answer regarding a tokenized Pokémon card

  • Buenos Aires releases a blockchain-based digital identity solution built on Matter Labs’ zkSync Era rollup

  • Bank of International Settlements, along with the central banks of France, Singapore, and Switzerland, successfully tested cross-border trading of wholesale CBDCs

Business
  • IBM Quantum, Microsoft, and others form a coalition to tackle post-quantum cryptography

  • Kraken reportedly plans to offer US stock and ETF trading services

  • Coinbase has gained approval to offer non-US retail users perpetual futures trading from the Bermuda Monetary Authority

  • Binance prompts Paysafe users to convert their EUR balances to USDT before Oct. 31 following the partner’s decision to end support

  • Crypto.com partners with PayPal and Paxos to become a preferred partner for PayPal’s $PYUSD

  • Swan, a Bitcoin financial services company, hires former NBA champ Matthew “Delly” Dellavedova as VP of business development, seeking to bridge the gap between crypto and sports and leverage his access to Australian firms

Legal
  • US HFSC Chair threatens to subpoena the SEC over documents related to FTX CEO SBF

  • Judge signs off on SBF using an “air-gapped” laptop to take notes and will be allowed to appear in a suit while in court next month

  • Terraform Labs founder Do Kwon asked a federal court to reject the SEC’s extradition request, arguing that it would be “impossible” because he is detained indefinitely in Montenegro

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