Daily Market Wrap
Crypto market cap: 994.01 billion, up 1.85%
BTC price stands at USD 19,764, up 2.79%
ETH price stands at USD 1,664, up 2.28%
Top gainer: OKB (OKB), up 16.36%
Top loser: Helium (HNT), down 8.07%
News of the Day
Why it matters:
Ford has filed 19 trademark applications covering its car brands, claiming plans for virtual cars, clothing and a proposed marketplace for NFTs
Coming less than a month after announcing global staff cuts and reduce expenditure, the company has revealed plans for “downloadable virtual goods”, namely “computer programs” featuring vehicle parts for usage in “online virtual worlds”
Ford is not the first automobile company to move into the web3 space, with Bentley and Lamborghini having already rolled out NFT collections
Crypto Daily Spotlight
Brief introduction: The Sandbox is a virtual gaming world where players can play, build, own, and monetize their virtual experiences on LAND they own using NFTs and $SAND, the platform’s main utility token. The Sandbox powers its virtual economy that incorporates the UGC, avatar-centric experiences, gaming and financial systems.
Why it matters:
The Sandbox’s instagram was compromised, with a link on its profile directing followers to a fraudulent raffle
Hackers contacted users to rent out their BAYC NFT for 24 hours, offering them 40 Ether, and one user claims to have lost their NFT
Posts, stories and the link directed viewers to a fake website, prompting users to connect their web-based wallets
Daily Sector Tracker
Daily News Roundup
Law enforcement recovers $30 million from Ronin Bridge hack with the help of Chainalysis https://bit.ly/3eEgj5L
Coinbase Backs Lawsuit Against US Treasury https://bit.ly/3RSRgu6
Polygon CSO blames Web2 security gaps for recent spate of hacks https://bit.ly/3qnWvpF
Binance adds former Mexico securities chief to new global advisory council https://bit.ly/3RMbaXu
Crypto Influencer Cooper Turley Creates $10M ‘Coop Records’ Music Startup Fund https://bit.ly/3cXphdV
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