Daily Market Update 9/29

Top Stories

NFT Market Recap

💰️ Notable Sales:

• 70.1 Ξ CryptoPunks #4285

• 1.224 BTC Ordinal Punks 

• 8.7361 Ξ Opepen Edition #12569

🎉 Notable Mints:

⬆️ Top by Volume:

• Otherside Vessels, floor of 0.17 Ξ (8% ▽)

• MAYC, floor of 4.7 Ξ (1% ▽)

• BAYC, floor of 24.2 Ξ (1% ▲)

⬆️ Top by Sales:

• Deadmigos, floor of 0.009 Ξ (18% ▲)

• BlockGames Dice, floor of 0.06 Ξ (12% ▽)

• FEWOCiOUS X FewoWorld: Fewos, floor of 0.15 Ξ (19% ▲)

🪅 Biggest Winners:

• Mittaria Genesis, floor of 0.13 Ξ (63% ▲)

• Realms (For Adventurers), floor of 0.48 Ξ (40% ▲)

• Pixelady Maker, floor of 0.07 Ξ (37% ▲)

Other News

Web3

• VeeFriends announces VeeCon is headed to LA from Aug. 9 - 11, 2024

• FEWOCiOUS confirms the completed airdrop of over 7.3k Fewos

• Transient Labs, in collaboration with AlphaCentauriKid, reveals T.R.A.C.E. or Tokenized Records for Artwork Certification and Evolution

• Theta Labs teams up with the Pet Collective, a popular YouTube and TikTok channel, to drop a free mint granting access to exclusive content

• Coinbase's “Stand with Crypto” campaign hands out cold brew coffee as the exchange and industry stakeholders convened in Washington DC to persuade lawmakers to support new rules for digital currencies

• French art museum, the Musée d’Orsay, partners with the Tezos Foundation to reach new audiences

• Tottenham Hotspur English Premier League team will issue and manage its own Web3 fan token to drive engagement and rewards

Blockchain

• ETH developers appear successful in their second attempt to launch the Holesky test network

• Arbitrum DAO is voting to determine whether it should invest 50M $ARB (~$41M) into active projects in its ecosystem

Finance

• Binance, among other firms, explores the issuance of a Japanese yen and other foreign currency-denominated stablecoins in Japan

• Coinbase will roll out its regulated perpetual futures contracts on Coinbase Advanced “in the coming weeks” for qualified non-US retail

• VanEck fires up marketing for ETH futures, prompting analysts to expect a launch as early as Oct. 2

• Valkyrie receives approval to begin buying ETH futures for its existing BTC ETF; its strategy will effectively combine ETH and BTC on Oct. 3

• Several publicly listed Bitcoin miners challenge the notion that miners selling rewards is a bearish event by outlining several key considerations surrounding their business strategy and risk tolerance

• FTX bankruptcy claims are soaring in OTC markets as the estate continues to recover assets, and the company stake in Anthropic becomes more appealing following an announcement of Amazon’s investment

Artificial Intelligence

• AlphaSens, a business-to-business AI platform backed by Google and Goldman Sachs, announces the completion of a $150M Series E funding round with a valuation of $2.5B

Government

• EU allocates ~$843k for commissioning a study to determine how crypto networks might be affecting climate change and reducing their impact

• Brazil’s central bank reports imports of crypto from January to August 2023 rising 44.2% compared with the same period last year, prompting the tightening of digital asset regulation

• SEC delays BTC ETF decision for BlackRock, Invesco, and Bitwise

• US House bill would see off-chain crypto transaction data stored in repositories accessible to regulators in a bid to prevent another FTX

• French authorities raided NVIDIA offices in Paris and Nice as part of a wider probe into the firm’s competitive practices

Business

• World Federation of Exchanges, whose members handled $140 trillion in trades in 2022, proposes six key principles for crypto trading infra

• Ripple confirms it has backed out of its acquisition of crypto custodian Fortress Trust but remains an investor on good terms

• Meta’s Zuckerberg demonstrates the company’s photorealistic avatars on an episode of the Lex Fridman podcast

• PayPal has filed patent applications for a unique "NFT purchase and transfer system" allowing for off-chain transactions within an NFT marketplace

• Bitfinex looks to bolster its security for institutional clients with Zodia Custody’s Interchange product

• Gemini disputes a recent New York Post article that described its pulling of $282M from crypto bank Genesis in a more ominous way than what really happened

Legal

• SEC charges four for alleged insider trading of securities based on insider knowledge shared through Xbox audio chats

• Judge denies final pretrial request from SBF for temporary release

• Circle weighs in on the SEC’s case against Binance, arguing that stablecoins are not securities as buyers do not expect profit

• Unnamed Chinese national was fined three years’ salary for using a VPN to access restricted websites as part of a remote work routine for a foreign employer