FOMO HOUR: A Daily Crypto & Web3 News Show

We had an incredible close to stocks last week and, believe it or not, equities are up again today approaching ATH's. The next big catalyst will be the FOMC on the 25th and 26th of July.Crypto for whatever reason just doesn't want to break through. Bitcoin is back under 31k and ETH is back below 2k. Bitcoin dominance remains and, despite its price drop, alts weren't demolished this round.Mando is super bullish on Macro here, he thinks we will see a massive rally into things like growth stocks. Inflation could head towards 1-2% at this point and coupled with higher interest rates we could get the soft landing that many dream of. A growth narrative back in the US could lead to a painful rally that nobody is prepared for.We have as good a chance as any to make some big 10x-20x moves, the big risk gets the big bag. Position yourself accordingly.Binance is under more scrutiny for letting go of employees, and being added to high risk lists in certain areas of the world. The fear is high but the information we have on their assets is solid and nothing compared to what we might have seen if we had the same information from FTX. CZ has explicitly said that he has never borrowed against BNB, which offers some slight comfort.It definitely feels like there is something unknown to the public surrounding Binance and the current Bitcoin levels. It currently costs you 3-400% a year to short BNB, which alludes to big money being in the know.NFTSLowest volume day of the year in NFTS with under 7k eth. Crypto punks were the only thing making moves with PunksOTC bought a block of punks from Beanie; from that block we saw a zombie and some hoodies trade for proper prices.A gold Pudgy penguin was purchased by Rollbit for 69 ETH marking a high, likely due to a loot box.The @notthreadguy open edition by @jackbutcher has raised over 30 ETH and received tons of attention. It got so big that @beeple put the event in his everyday, which is massively epic.Coolcats announced they are teaming up with Animoca to launch their game causing the floor to pump up a bit to .8 ETH.Apefest is set to be in Hong Kong which is epic and huge win, and the stage agrees Apefest should be in a different part of the world each time.STUBSWe had @MattScobel on as this week's STUBS artist! Matt has not only made tons of his own art, but he also helped market and produce Cath Simard. His recent technique uses Lidar scans and renders to create mind blowing pieces."I was learning Blender at the time, and I was also working for a Space Company" - Scobel the Chad describing his space pieceScobel has pieces collected by major players like 6529, GuyNorcal and Deeze, and you can collect one of his pieces by burning some stubs, don't miss out!GM! Hosted on Acast. See acast.com/privacy for more information.https://linktr.ee/rugradio

Today's show we celebrated the wins from yesterday across the crypto world. We also dove into the stubs artist of the week cat and talked about some of his older work along with the current piece minted for the stubs collection. We were then joined by Rise and Shine who are making a DeFi related game that has two versions aimed at educating the masses about the complexities of DeFi. GM! Hosted on Acast. See acast.com/privacy for more information.https://linktr.ee/rugradio

We saw a really good inflation number yesterday leading to a continued rally in traditional markets. We are up quite a bit, pushing yet another YTD high; The last time the S&P was at this level, ETH was above 4k, nearing it’s all time highsInflation is coming down faster than expected indicating a huge bullish narrative for markets in general.The news of the Bitcoin ETF would have normally pushed the price of BTC to the moon, but was stifled by movement of the Silk Road Bitcoin. Mando speculates that there could be a very large seller forcing downward pressure at 31k, but not necessarily a case of skewed manipulation. Although all the news is bullish from the outside looking in, there may be some information known to insiders that could be negative for the short term and cause some of the sell-off we are seeing.Everyone is expecting a God candle, but the thing is the god candles never come when you are expecting them. It will likely be at that unknown moment, when people are distracted by some other news.Matic was originally a side chain, then they decided they wanted to attack Ethereum scaling from many different angles, hence the Polygon name. Recent news means they officially have a ZK EVM now along with some other approaches like an optimism rollup and more. The token itself was previously heavily used for bringing people onboard for various reasons, which meant that there was constant sell pressure from people who received these coins.Former Celsius CEO Mashinsky has been arrested and is being sued by the FTC, SEC, DOJ and more. He was wandering loose after this whole debacle and has finally been brought to justice.Crypto punks are holding strong, Apes down in the 30's still, Azuki has been dropping. How do you feel about the ETHER mint? drop some comments.XRP just reached a new milestone in it's journey to not being a security: a judgement was passed but we were informed that there will be a continuation of the trial on the case.While writing these we did in fact see some decent candles. XRP easily saw a god candle with a 30% move, BTC hit above 31k before being forced back down while ETH is also on the move.GM! Hosted on Acast. See acast.com/privacy for more information.https://linktr.ee/rugradio

Today the show was joined by Cat Russel, this weeks stubs artist. Who shared about his inspiration and details behind his piece being offered to STUBS participants. Winechain also came on and shared their product and dropped some insight into their journey.GM! Hosted on Acast. See acast.com/privacy for more information.https://linktr.ee/rugradio

ChatGPT2 / 2Welcome to this episode of our podcast, where we'll be diving into some interesting developments in the financial markets and crypto space. Today, we'll cover topics ranging from equities and interest rates to the state of Binance US and the intriguing speculation surrounding a massive Miner. We'll also touch upon Arkham, an initiative that has garnered attention and mixed reactions.Let's start with equities, which are currently experiencing a period of uncertainty. They are described as "basically uncharges," implying that they lack a clear direction. Meanwhile, interest rates have had a rally, likely impacting market dynamics.Raoul Pal, a prominent figure in the finance industry, recently posted about short interest in treasury bonds. This comes just as the Consumer Price Index (CPI) number is approaching, which adds to the anticipation and speculation among investors. The Federal Open Market Committee (FOMC) and their concerns are also contributing to a crowded short position, further complicating the market outlook.Shifting gears to the world of cryptocurrency, Binance US has been the subject of scrutiny due to discrepancies in market prices and concerns about the availability of coin inventory. Users have reported difficulties moving USD in or out of the platform, leading to speculation that the entire platform may be winding down.Another intriguing topic is the speculation surrounding a massive Miner. This individual or group is believed to be responsible for preventing Bitcoin (BTC) from breaking past the $31,000 mark. The motives behind such actions remain unknown, sparking curiosity and discussions within the crypto community.Lastly, we delve into Arkham, a project that aims to identify anonymous accounts and increase transparency through incentivized information sharing. Some view Arkham as a Fed-backed initiative, akin to a "big brother" overseeing and doxxing individuals. Memes and tweets surrounding this project have circulated widely, often injecting humor into the conversation. However, the actual product has left many people feeling uneasy, as it highlights the fact that everything one does is recorded on the blockchain, reinforcing the idea that true anonymity may be elusive.These recent developments showcase the complex and ever-evolving nature of the financial markets and the crypto space. As always, it's crucial to stay informed and consider the implications of these trends on your investment strategies. Remember, even in the world of decentralized finance, privacy might not be as guaranteed as it seems.GM! Hosted on Acast. See acast.com/privacy for more information.https://linktr.ee/rugradio

Welcome to this episode of our podcast. In today's market update, we start with equities, which closed low on Friday due to payroll numbers falling below expectations. As we begin the new week, the markets are opening unchanged, with both the S&P and Nasdaq showing a slight decline.Shifting our focus to the cryptocurrency market, Bitcoin dominance has risen back to around 51%, resulting in some pain for altcoins. Amidst the chaos, Solana has managed to maintain a decent base.In recent news, @VitalikButerin, a prominent figure in the crypto space, has been making appearances and was recently featured on a Space with the Taproot Wizards. Surprisingly, he is not a hardcore maximalist when it comes to Ethereum, as he actually came from the world of Bitcoin.Moving on to the NFT market, Bored Apes experienced a dip but have since rebounded, with prices for certain pieces reaching up to 35 ETH. Notably, a hoodie Punk was traded for an impressive $400k. Additionally, there has been a reduction in Blur Farmers, and healthy sales have been observed in items like Fidenzas.We are joined by Neal Gorevic the Chief Marketing Officer at Consensys, an organization that predates the formation of the first Ethereum block. Consensys sees itself as an end-to-end shop for builders and developers worldwide. Neal previously held the position of Global Head of Consumer Marketing at Spotify before joining Consensys.Consensys recently conducted a global usage survey, revealing that emerging markets are more receptive to cryptocurrencies and related technologies than Western markets. There is a palpable excitement about crypto and its potential.In the discussion segment, we delve into the concept of creating a more optimistic internet. While the internet has seen fantastic innovations in communication, the rise of advertising has led to the invasion of our personal information. Neal envisions a future where communities can self-form and build from the inside out, bringing about a new type of internet.When communities form, culture becomes a natural byproduct. It is crucial for the crypto space to actively promote and nurture these cultural aspects. Consensys' shift in control aims to empower builders and provide them with a sense of agency, ultimately driving the space forward. They offer a comprehensive suite of tools to support this mission.That concludes our podcast episode for today. Thank you for tuning in, and we'll be back with more insights and updates next time. Hosted on Acast. See acast.com/privacy for more information.https://linktr.ee/rugradio

Today was a gas! the friday special with the market report as usual, an appearance from Mika, and farokh with all the vibes. GM! Hosted on Acast. See acast.com/privacy for more information.https://linktr.ee/rugradio

Market is back open after being closed for July 4th yesterday, and things are unchanged for the most part. Oil prices are rising a little bit, likely on the back of the Ukrainian power plant news. Crypto had a pullback over night with Bitcoin dropping back below $31,000. OSF points out that the chartists were incorrect again, and we didn't see the expected rally after breaking that level. Be wary of the chart and those who live and trade by them. Mando imagines that we could be locked in these price ranges for a while; It's still very possible and likely that we see ETH hit 2k, but it might not be in the immediate future.It looks like there was a bit of a bounce in NFTs in a few collections. The power of Machi continues to threaten collections and his positions have achieved a legendary status in the community for better or for worse. Azuki has managed to bounce and hold the current levels, even the Beanz are looking greener (no pun intended). What do you see as more valuable, the ETH or the NFT? This kind of market makes it difficult to choose and some assets may have a higher return on investment via ETH during this rough climate. Short term buys are not looking appetizing. A lost Robbie just recently sold for a healthy amount; However, the last one from this collection sold for a significant amount more. This stirred up the timeline amongst artists and critics alike. Sales for all artists have been in a downward trend, and sales for something that many don't find appealing and moreso a piece that was generated via code has some artists in their feels. Planet XWe were joined by James from @play_planetx which has been 3 years in the making and started out as a web2 game. He said his first space he tuned in to in web3 was an @alienfrens space, you love to see it 🖖. During the development of the game he saw the advantages and potential of building using the blockchain. His experience with Fortnite and digital ownership just made things click. Planet X is already a complete game as opposed to the typical "web3 gaming" mint-to-build model that hasn't really seen success as of yet. He wanted a game that has intense competition like winning a Battle Royale in Fortnite but offers real world rewards with a global treasure hunt that happens every single day. People join the map at a set time with "x" amount of treasure chests. If you find a treasure chest with something like a pair of Jordans, you win it instantly, but with one caveat; You have to take your prize to the extraction point during which time any other player can take your chest if they encounter and battle you. If you own an X droid you are eligible to compete in extreme hunts. The X droids are the actual NFT that will be mintable assets on launch. If the Mint goes as planned, there will be a Tesla up for grabs, yes that Tesla. GM! Hosted on Acast. See acast.com/privacy for more information.https://linktr.ee/rugradio

It’s been looking rather rosey in traditional markets. Friday markets closed higher on both the Nasdaq and S&P, and today things are unchanged but nothing is expected as tomorrow is the 4th of July, a national holiday in the US. Friday is the US payrolls number, so watch out for that as the reports have come in above expectations previously.Crypto is doing well with Bitcoin sitting around $31,000 and ETH sitting in the $1,900 range. Coinbase stock is up 28% on the week. BlackRock's ETF filling is set to be a success with the big news being they have named Coinbase as their exchange of choice to do business; they still have yet to refile, while Fidelity has already restarted the process. The sentiment around NFTs is not great. As soon as ETH broke through $1,900, it seemed to spark optimism about it continuing to rally causing people to liquidate their assets in favor of greater returns, along with the perceived failure mints and reveals. Bored apes are now trading around 28-27 ETH with Mutants down in the 5-7 ETH range. Collections that were seemingly outperforming over the past week have just gotten hammered, and to add to the fire, Elon limited the amount of tweets we could read on our favorite platform. A major issue with the current PFP meta is with projects trying to duplicate what Bored Ape Yacht Club has done to achieve the success they have up to this point, when we have clearly seen this fail time and time again. The original strategy of working with the first generation being supported by companions, V2, a coin, 3 airdrops and a cheap hoodie is just simply not working. STUBSWe were joined by this week's stubs artist, the duo of @EM1T and @Raskalov who do urban exploration and climbing to sickening heights across the entire globe. Raskalov grew up in Ukraine exploring, climbing local trees, and anything else he encountered. The duo climbed the Giza pyramids, a 2100 ft tower in Shanghai, the highest heights in NY, and the Christ the Redeemer statue in Rio de Janeiro.Em1t has gone against the grain since his youth, and being rebellious through art offers him the rush of climbing new heights while also offering something valuable to people. Em1t describes that his introduction to NFTs was through @SuperchiefNFT gallery where he made physical pieces and was advised to hop into the rabbit hole we all call home. Shoutout to ED!GM! Hosted on Acast. See acast.com/privacy for more information.https://linktr.ee/rugradio

Traditional markets and equities haven't seen a major move either with the Nasdaq down slightly. Interest rates had a pretty big move after Powell spoke yesterday alluding to further rate hikes this year. This is opposite of what people were expecting, with the last bit of shared info pointing to a pause on hikes. Crypto is rallying today after the lull yesterday. BTC is at $31.5k and ETH is at $1830. The general consensus is if Bitcoin breaks past 31k there will be a rally up, but it's all speculation. This is NFA!The ETH/BTC pair is at 12 month lows. The stage seems to agree that Proto-danksharding will save us (not really but it's fun to say and type).Latest updates from the SEC rampage is pointing to a good outcome for crypto as a whole. It seems that it might not even be up to the SEC to make certain decisions and we could see some light on the horizon yet.There is also news of FTX attempting a revival, which has ruffled some feathers to say the least. There are some major investors trying to buy back into the bane of the crypto space which is surprising to most. NFTs are still having a bit of fallout after the Azuki Elementals mint. The floor price on the new collection has stayed basically the same, for both revealed and unrevealed beans, although some of the rare ones have fetched a proper price. @ZAGABOND is supposed to speak tonight in a holders-only setting, which is causing some speculation. If he has something positive to share or hint at, we could see some good price action as a result. There is still the unknown influence of the green beans on the entire ecosystem as well.BoDoggos We were joined by @EasyEatsBodega who recently dropped the @BoDoggosNFT on Solana. The doggos went through a complete revamp of the art leading up to the launch before landing on the beloved canine jpegs we have now. You can bet that Easy has big plans for this collection! They have already hit 87k SOL in volume. You can expect to see more rollouts on the Bodoggos page, more comics, some animations etc. Content, product, community are the 3 focal points for the team.Yuga@yugalabs launched a trailer on HV-MTL and the Forge. There is also a big explainer video out, showing some exclusive features based on what sets you hold, as well as some sort of cleaning mechanism, Dyor. The game is powered by Apecoin, so it seems logical that in game purchases will be made using the token. There are 6 different stages of the HV-MTL mechs, so we have no idea what their final forms will look like. GM Hosted on Acast. See acast.com/privacy for more information.https://linktr.ee/rugradio

Strong day in macro which supported the move up for traditional markets. Some talk of a ban on crypto in china has led to some false news and misplaced FUD. Saylor is buying bitcoin again, and has bought $350 million worth of bitcoin over the past 3 months as an ongoing buyer of bitcoin year over year. This recent acquisition in the given time period is the equivalent of buying 200 Bitcoin per day! The rumor making the timeline is that he pushed Bitcoin to 31k, but it just isn't possible given the insane daily volume even though he is buying a small islands worth daily. The NFT space is going bonkers after the @Azuki reveal yesterday. It is unclear how they will be able to bounce back from this, and the only lingering hope is these green beans that nobody has any solid information about…but the contract points to some burn mechanism. Apparently a green bean loading was announced back in December, and isn’t something new. We had @gmoneyNFT on who states that an L for Azuki is an L for all of us. If you are doing a drop to expand the community, selling to only the existing community is not ideal. The apology from the team was odd as well, since it seemed to point to more beans instead of resolving the current issue.@batzdu put a tweet out about Azuki basically being finished, which is really tough to read from a respected figure like batz.@osf_rekt thinks they have taken a massive hit and speculates that they may have rushed this mint. They have successfully raised money and built a war chest, despite just fluffing the community with another 10k duplicates. There is a community warning about the Green Beans since they have not been officially confirmed by the team. It might be best to not interact until there is some clarity, stay safe!The anime is the biggest hope at this point, they have confirmed it is in the works so it will be interesting. The downside is that might take even more than the 40 mil they just raised to create a full on series of the highest quality. @steezysloth points to the strategic aspect of the launch. The intent was to get new people into the garden but there was never a viable path for new entrants with the mint. He also sees an issue with the liquidity pull; one thing that most people are overlooking is the giant 40 million bag they are now holding, and now success will just be about regaining the communities trust as they have already won in terms of cash. -We Heart the Steeeez!-There are roughly 50% of the beans revealed at this point, so this is a fairly accurate depiction of the entire collection, but we may be in fore some surprises yet. The stage went on to discuss what makes a project great, and most of it has nothing to do with the amount of money they hold or have raised. Imagine if you had 200-300 close friends IRL, you could do so much. This is the appeal of most projects and huge treasuries that aren't necessarily required to make a great NFT project.Have an opinion on the elementals? leave a comment! 👇GM! Hosted on Acast. See acast.com/privacy for more information.https://linktr.ee/rugradio

Traditional markets are seeing a bit of bounce. We lost some ground yesterday but things are back up today. Interest rates haven't been moving much and OSF thinks we won't see much activity over the next few months given the recent stance of the Fed. Rumors of Fidelity filing for a BTC ETF seem to be true. There was also some positive news around Coinbase and Blackrock collaborating in some capacity, and Coinbase’s stock has seen some positive movement as a result. Macro data points are becoming less important in regards to impact since the Fed has been very clear on their plan and how it will be executed. Inflation is still a factor, but unless it comes in as a big miss/higher, there isn't much to expect. Not a great day in NFTs heading into the @Azuki elemental mint. Most collections have sold off leading to the mint. Yesterday's volumes across were in the 35 million range and the total value of this mint will exceed this, for some perspective. The amount of liquidity in the Azuki ecosystem is large and holders are locked and loaded, and Mando speculates that it will sell out before the public mint. Hopefully it goes well and trades up from the break. It's still a dangerous event and if it turns sour it could really lead to blood in the streets. Apecoin DAO CouncilA brief description of the candidates who came on the show today. The real gold in this episode came from the candidates' responses to various questions. Worth listening back if you want info on who to give your votes to. @karmapocket Sold a company to Alibaba and started investing in crypto/NFTs. He joined the ApeCoin DAO in 2021 and started his own DAO and investment fund. His goal is to see global representation within the ApeCoin DAO.@Waabam_eth Worked at a law firm and entered web3 before finding Ape Coin and participating in the DAO. He has already created working AIP's and has few in the works for the future. His goal is to spread the coin to the masses while creating opportunity. @CapetainTrippy, has been an entrepreneur and business owner over the last 15 years, growing from the bottom up to be a successful business owner. Early in 2021, he bought an ape post mint and started being an active community member focused on the long term success of the apes. The DAO is an opportunity for him to use his skills to operate and ultimately grow the platform. @byswickie minted an ape and then later acquired her ape, Kiki, who has become quite the persona in the space. She comes from a journalism and academic background, and has run various community events for the apes and outside collections. She thinks it's important to have a very balanced council, and her focus is on the community aspect and spreading awareness of the DAO. Don’t forget to cast your votes! 1 Apecoin = 1 vote!GM! Hosted on Acast. See acast.com/privacy for more information.https://linktr.ee/rugradio

Today was our host Mando's birthday so he was out enjoying the sun and touching grass. Our other host osf had obligations as well so we were joined by the legendary Michaela who brought the vibes. The feature of today's show was DEM from Azuki sharing a stage with us. Azuki is currently holding an event in Las V Vegas, NV with over 20 different individual events all tied to the community. Our very own Threadguy and Leap are running around the city and being documented by Jordan. GM! Hosted on Acast. See acast.com/privacy for more information.https://linktr.ee/rugradio

Stuff just went absolutely insane after the close of the show yesterday. BTC peaked at nearly 31k and ETH went up to $1830. Many other alts are seeing movement, with the two major coins seeing the most positive action. Mando is still looking to dips in ETH & BTC vs loading up on an alt. Tokenization could be a 5 trillion dollar industry according to Bernstein! A crazy sentiment to hear, and it's following the Blackrock and other funds etc efforts. Stocks and Bonds are now seeing weakness and crypto is running strong. This is a complete reversal of the past few weeks and strengthens the decoupling narrative for crypto. Azuki is one of the most interesting stories in the space. Amidst consistent downward pressure, adukis have held strong or crept up. They are having an event this weekend in Vegas that has adequate hype behind it. There is a blackrock NFT that was a free mint apparently and is seeing some movement. No not the investment fund, they are literally just black rocks. NFTs are momentum assets. The higher the price the more attractive it is. If the price goes down, it's very likely that it will go down again today. Our favorite mutant, @notthreadguy successfully made it into the next round of the Ape Coin Dao Council vote which is set to start today. Who do you have in the fight? @elonmusk or Zuckerberg??The writer of this article is team suck, his BJJ skills will crush the mars man. just me? GM! Hosted on Acast. See acast.com/privacy for more information.https://linktr.ee/rugradio

Very interesting 24 hours in Macro; What we've seen is some weakness in stocks after successive days of positive action, as well as some decoupling of stocks from crypto, with little apparent correlation. It seems to be moving on its own without any link to the macro environment. The headlines when we hit the local lows recently have led to many large investment firms following suit with Blackrock's attempt to create an ETF for Bitcoin. There have been some very strong pushes into the crypto market as a result. Imagine a future where financial advisors are offering BTC as a part of long term financial plans. Although this is a net positive for the entire crypto market, this is very much a Bitcoin dominant narrative. Be wary of buying up alts in hope of riding the wave up, there will be corrections and BTC will likely be the overall winner when this cycle is complete. Jerome Powell says "we see stable coins as a form of money" basically slapping the SEC and their securities battle in the faceWe haven’t really seen NFTs sell off from the crypto move, it has basically been a wash. The main move mover has been the Mutants which have dropped below 8. Yugalabs also dropped some news about something with the Forge and their HV-MTL game. There is some heavy FUD around the Moonbirds, with people bringing up discord messages from 6 months ago where Kevin Rose said he would FUD himself if xyzzy didn't happen. Jeff staple and Gmoney dropped their collab at Paris fashion week> The hat is black on black and features a big pigeon dropping splat on the brim, are you in?TallyLabsWe were joined by the @TallyLabsNFT team. You may or may not remember the V1 Azurians, but they heeded the community and have come back stronger than ever. IF you own a Bored & Dangerous NFT, you can burn it for 1 of 3 possible Azur Root pass, which is essentially a mint pass. The team shared that you want to burn before tomorrow because they are giving away a gold Azur Root for holders of roots.The books still have a use for the Bored & Dangerous writers room, but the community is showing up and burning happily, straight fahrenheit 451 status. The new art has already been well received and let's be real everybody loves a good comeback story.GM! Hosted on Acast. See acast.com/privacy for more information.https://linktr.ee/rugradio

GM Web3 ☀️Recap - Jun 20, 2023Degenz Market Report by @osf_rekt and @rektmandoMarkets are opening lower with the S&P and the Nasdaq down almost 1% after yesterday's market close. Equities are hovering within a similar range that they have been. This is just a quiet time period in between the FOMC and the next major eventsBitcoin dominance went up slightly and almost hit 27k, but it has fallen short. ETH was at 1830 last time we saw Bitcoin at 27k, showing the continued weakness in Ethereum. There has been talk lately of dollar strength in headlines, and the commodities market seeing trades in currencies outside of the dollar.. The dollar makes up something like 70% of bank currencies, so it will take a long time to truly weaken. Mando says it's definitely possible over the course of the next hundred years, not 6 months. NFTsIt feels like the only real thing going on yesterday was Yugalabs FUD. Contributing factors include Gordon leaving, who was a huge community player, especially in regards to morale, and there are a lot of different things going on in their ecosystem, making it difficult to keep up with. As a result, Apes dipped briefly below 40 ETH causing FranklinisBored to fire up the buy machine and start sweepingIf you are an NFT project based in IP, you are just simply not making money right now. The hope of future IP use is seeming to surface as something that might be a reach for most. However, volume in BAYC is still looking healthy…Even as it stands they are pulling in millions annually on royalties. TAY 🦊@tayvano_ who built metamask has built wallets in the space for years with a focus on constantly improving wallet security; She is also a hobbyist on chain sleuth. The atomic wallet hack is the current focus of sleuthing that she is doing with @zachxbt . There is a ton of money moving, and the catalyst for the hack is still unknown even by the atomic wallet. Wallet creation is what led Tay to the on chain sleuthing. If a user had their wallet compromised, Taylor would follow the money and try to get clues to the user and the money's location. An essential to on chain sleuthing is keeping a pulse on the space, especially when funds enter a smart contract. Knowing how things work and how they are ever changing helps to understand the weird things and odd movements seen on etherscan.Tay shared some safety tips for us:1. GET A HARDWARE WALLET! 2. Write down your seed phrase using paper! Don't take a picture, paper is really difficult to hack. Write it down in a few places!3. Do not keep all of your funds in one wallet! In the event of a phishing attack or wallet compromise, you want to have your funds distributed amongst multiple addresses. Siloed funds ensure you do not lose everything via one tragic event!@farokh highlights that many larger accounts have recently been attacked via SIM swaps. Do not set SMS 2FA for your crypto as this is the entry point for this type of attack. GM! Hosted on Acast. See acast.com/privacy for more information.https://linktr.ee/rugradio

GM Web3Recap - June 19, 2023Degenz Market Report by @osf_rekt and @rektmando Kind of quiet with equities being sworn over the past few opens and today is Juneteenth, so traditional markets are closed.We had a bounce back in crypto on Friday with BTC in the 26k range and ETH is sitting in the mid 1700's. The fact that Bitcoin ended higher on the close of the week last night is a good look. Although Ethereum was not named as a security, there are still questions to be answered regarding regulation from the SEC, and as a result, ETH continues to underperform$APE dipped below $2.00 yesterday making for some overshared screenshots on the timeline.Fidelity Investments is also joining suit and filing for a BlackRock style, spot Bitcoin ETF and have acquired Grayscale.NFTsStill a busy week for jpegs across the board. Yugalabs finger pointing was the trend over the weekend with the floor dipping quite a bit. A big liquidation event on BLEND is causing concerns that could result in a large batch of assets pushing the floor lower. Mando points out that this type of event has happened many times in the past and the collections tend to recover.The flurry around generative art seems to have gone quieter; Interest continues but volumes have seemed to halt after the resolution of the Sothebys auction."I think AI art is going to be bigger than generative art" - Hot Mando takeUpdatesNike announced they are holding a sneaker hunt inside of Fortnite titled Airphoria. The big takeaway for the space is seeing the dot.SWOOSH logo in the ending tying it back to Nike's web3 initiatives. YLTCICanary Labs is having an event in London in collaboration with W1 Curates with artwork being displayed at their gallery for the next couple weeks. The gallery features a load of great artists from the space representing pieces from OSF & Mando's collection as well as various pieces from the artists.STUBSWe had @apocalypticform on as this week's STUBS artist. He has been making art for 30 years and started with huge ambitions in the art world before becoming a Dad and having a family. He ended up continuing to create art on the side, inspired by his work and his view on how much culture affects society. The ideas in people's minds, their dogmas, their priorities were all things that piqued apoc's art. He interviewed people trying to shift societies for the better and leaders trying to make changes pre-covid.Jake the degen bought his first piece who was then followed by 6529. He officially went full time into art 2021 and has been going hard ever since. His work ranges from attempting to display the utopia side of potential outcomes in some of his work. Other pieces depict coarser ideas like the masks worn everyday, yet he uses color and themes outside of the usual dark imagery associated with something heavy like this. Hosted on Acast. See acast.com/privacy for more information.https://linktr.ee/rugradio

equities are really strong "like bull" as of late. Stoke are up again today even if on ly slightly. This has been a monster mover nearly 10-15% up on the month. WE saw a bit of a bounce with crypto yesterday being led by Bitcoin. It does feel like there is a lot of shorting going on in crypto and TA is pushing a bearish narrative. With stocks pushing we are all hoping for crypto to follow suit and perhaps it will once things level out. OSF pointed out that people are calling this a bear market squeeze, yet that isn't really a fair statement as this has been something building up over the last 12 months. The blackrock ETF filing did come to fruition. Mando does see this as a positive.We also had burn for clown vamps STUBS piece!GM! Hosted on Acast. See acast.com/privacy for more information.https://linktr.ee/rugradio

GM Web3 ☀️Recap - June, 14 2023Degenz Market Report by @osf_rekt and @rektmandoAnother day of stocks up higher! Interest rates did sell off a little bit yesterday, possibly due to inflation numbers being priced in, but they did rebound already. Crypto had a very small bounce with BTC up to 26k and ETH in the same $1700 range. FOMC is today, if they pause rates this will be the first shift after many many months. The market is pricing in rate cuts for q4, although the FED has said otherwise in their commentary. Our hosts are expecting an uneventful meeting for the most part. A US judge blocked assets at Binance US in order to force negotiations; This is one of the first obstacles in front of the SEC's warpath to attack crypto.NFTsAzuki is having their Vegas event and they are holding it down for the "blue chips". $Meme drop is also incoming for the Memeland ecosystem and captains are holding strong around 9 ETH floor. A Fidenza traded at 130 ETH along with a few other notable Fidenza sales. The Blur token unlock is today with 7% of supply set to be released with the token currently sitting at $0.31. The Apecoin DAO council is making waves again with the upcoming election. Our favorite mutant @notthreadguy is running for a seat! It's tough to see the fruit of the council over the course of the last 6 months following the last election; We had promising elects, and threads full of ambition, but no real results that anyone can point to. The 25k per month salary is forcing some uneasy feelings on the community during this bear market when everything is down. FEWOCiOUSYesterday, Fewo announced his first collaboration with @adidasoriginals! Fewo joined us to share his experience of creating a huge canvas with linework of a kid in his room looking outside at the Adidas trefoil in Fewo's style. The shoe actually tells a story about the kids adventure and no detail is accidental, and the laces are of course blue with painterly clouds in fun Fewo fashion. Collect.adidas.com/fewocious has all of the information along with some amazing Fewocious visuals. The Fewos are coming out later this summer, and holders will have the opportunity to claim a wearable version of the Adidas sneakers!GM! Hosted on Acast. See acast.com/privacy for more information.https://linktr.ee/rugradio

Inflation was the big topic today with CPI coming at 4% vs expectations of 4%, down from 4.9% compared to last month. This marks the 12th month in a row of inflation marching lower, which is a great signStocks are up on both the Nasdaq and S&P, while rates sold off again.Crypto saw a pump off of the lows before selling off, returning to yesterday’s levels. FOMC is tomorrow, which is in sync with Rekt Radio as per usual. Will we be rekt or recover?NFTsTons of Bored ape sales happened, and one giant holder is defending the entire floor, which has remained basically unchanged around the 45 ETH level. There has been serious volume in the collection despite the floor being relatively unchanged."Lending on BLUR is one of the best risk/rewards I've seen in NFTs in a long time." - Top 100 Points Farmer @punk9059DEGENZ@DegenzNFT has reached its latest evolution, offering both a subscription model to the new pro services or access via the Degenz Code. The Code was available for holders of the previous Degenz access pass and Flipz finance gold holders. The new website is a revamped design with tons of new features, check it out at degenz.finance #FireGaryGensler@warrendavidson is attempting to introduce legislation that will solve some abuse of power problems in the SEC and move to fire Gary Gensler.This seems like a direct response to Gary's message about laws from the 1930's regulating things that exist today. @osf_rekt spoke to the positive speculation around the regulatory FUD going on around the questions of securities. This has been one of the more serious threats to the foundation of crypto in the US; headlines have hit and prices have fallen.....but all in all, they haven't fallen that much. Perhaps this isn't MAX fud just yet but there is a general sentiment of doom. As a result, there are some assets that have fallen to appetizing lows. Sothebys@michaelbouhanna VP, head of digital art and NFTs & contemporary Art specialist @Sothebys joined us to share his excitement about the upcoming Grails part II auction set to start June 15th. Sothebys is offering various different sales channels across multiple locations; their goal is to tap into multiple markets. The focus is very much in the Grails II auction as it displays the various stages of early generative art on chain. There are already something like 600 bids set for the pieces at auction. The auction house has also made attempts to inform and educate about generative art by holding panels and discussions around the art style and the history of it all. There is a physical gallery that exhibits vinyl prints of select pieces like the goose, but also some areas that display certain pieces digitally. GM! Hosted on Acast. See acast.com/privacy for more information.https://linktr.ee/rugradio

There is a lot happening. Macro is very very strong, and we’re at YTD highs with interest rates and equities almost in a price discovery phase. CPI is coming in tomorrow which will be a big number; if we are in line or beat, there will likely be a rally. We are also nearing the end of the FOMC which will reveal the plans of the Fed going forward and shape the latest market narrative. Crypto is not following suit. Everything is hunched and/or going lower with Bitcoin dropping into the 25k range, ETH in the 1700's, and all of the alt coins have just been getting destroyed lately. It is a tough landscape, and Mando speculates that when we start to see new participants, they will likely create a new narrative to rally behind; Most coins and/or NFTs will have a very difficult time reaching their ATH's again. Diversity is not the winning play given this type of information. NFTs have been rising most of last week. It felt like Apes were going to hit 60 eth, and punks were creeping on local highs; This has all basically reversed and the collections have all fallen. There is some crazy red on the charts with collections like Cool Cats at 0.5 ETH which is tough to see. The grails auction at Sotheby's is set to continue. The expected top winner is the famous goose Ringer, with the auction anticipated to close with a final bidin the $2-3 million dollar range. @DegenzNFT is getting a revamp that is going live today, expect some big changes on their website layout, interface and more.STUBSToday we introduced our latest STUBS artist @ClownVamp. He is an AI artist that was born a vampire. NY based, which is an odd place for a Vampire, he has a body of work that imagines a fake retrospective of a gay artist that existed in a time when virtually zero art reflected this lifestyle. His work is always telling a story and expressing his love for visual art, all while being empowered by the new wave of AI. The Men of The Dance is the STUBS piece that will be redeemable on Friday. This is a part of his fake career series from the perspective of Chester Charles who was partial to his male subjects and making art in the 1930's.He has an exhibit in NY at the Oculus in NY! Tickets are still available! GM! Hosted on Acast. See acast.com/privacy for more information.https://linktr.ee/rugradio

No Farokh today, just our two Macro wizards!Decent day in equities, Nasdaq is approaching ytd high interest rates are offf the highs. Interestingly enough Crypto does not want to follow the macro trends.This is the fifth or sixth time we are not seeing crypto follow in tow of traditional market rallies. Apple has been in the headlines, and there is movement but crypto has just not caught wind. At this point we should hope that crypto is decoupling a bit, in this position if we see a major macro dip and crypto follows we will see some bleeding. Apple News and progress poses the question as to whether this could drive some interest and traffic in the direction of metaverse, ETH and digital assets. At least we are all hoping that Apple will buy our bags.Ben and batboy have parted way and the whole shitcosystem is down by significant percentages. As a result of the poopcoin season ending, we actually are seeing some liquidity move back into NFTs, volumes are slowly returning. Mando points out that we are seeing positive action but the days are still "decent" at best and not quite worth writing home about. Degods are creating a type of community based website that allows y00ts and degods holders to be followed by the main accounts if you are holder which was received very well by everyone. Azuki is pulling through the ranks as one of the most successful projects of the year with a steadily rising floor price and community that has stayed on fire. The dead ringers from Dmitri Cherniak auction has kicked off. Originally the pieces sold to 3ac for millions it will be interesting to see what prices these fetch via the route of the auction house. OSF points out that the auction houses don't just list things at 0 reserve and see what happens, there is extensive research into the climate around any given asset and they have a proper assessment of the perceived value prior to going live. It is still very clear that big money is very interested in rare crypto art, and this type of rare generative art might not be available again for a very long time. Original sale prices of 6-7 million, may not be fetched but even half of this amount is enough to make headlines. The Apple headset may have serious impact on the virtual world space given that they are moving in the direction of Mixed reality/augmented reality. The pure VR or typical metaverse idea could be left behind if this sees huge success. We have our new STUBS artist reveal today with Laurence FullerFCC sues Binance over us securities rules, following their onslaught of attacks towards the different crypto related institutions. The allegations say Binance mislead users and it seems to be a bit deeper than the coinbase allegations if you read into the words being used around it. CZ has tweeted a response which basically boils down to:4GM! Hosted on Acast. See acast.com/privacy for more information.https://linktr.ee/rugradio

Todays episode was more of a conversational reflection on being a founder in the space. Yesterday there was a ton of FUD surround Kevin Rose and the moon birds community, part of which was prompted by KRO himself, when he posted a tweet (now deleted) saying FUD ME. The talk was quality and a great listen for all participants, especially fellow founders. Luca Nets joined in the banter as he was mentioned during Kevins onslaught. We also had a "first time founder" on with Road Hounds who shared his rock and roll vision for the blockchain and how he intends to make it come to fruition. GM! Hosted on Acast. See acast.com/privacy for more information.https://linktr.ee/rugradio

Not much to report today because traditional markets are CLOSED. The debt ceiling deal reached a resolution, nobody is shocked. Crypto pumped a bit on the back of it, ETH hit $1900 and Bitcoin is bordering 28k. OSF imagines we could still see a rally when markets open up. We have Payrolls and the FOMC in the coming weeks, following some good headlines we could be in store for some positive movement. The chartists have had their predictions dissolved with the upwards price action. Our pro's talk about how chartists can be correct despite the charts not playing out the way it was drawn up. Trends are trends, and the people who don't follow charts will often have the same predictions as the chartists. If their last charts were wrong, they just create a new one and move on. NFTsIt seems that Ordinals have taken over the press for our beloved jpegs. Bitcoin frogs have been killing it volume wise and are back around 0.1 bitcoin. There was a meme movement in the BRC-20's. Oxbt, that ran up to about $50 million market cap and has settled around $30 mil. Many of the same trends that have happened on ETH are being replicated on Bitcoin and it's clearly reaching a new audience. Magic Eden has a very good bitcoin marketplace. The BRC-20's are traded on Unisats. Mando sees the implementation of ordinals as a "better" use case than BRC’s based on the user interface and apps surrounding the innovations. It's probably best to focus on the big winners that have the potential to make it through the long term, most projects and new tokens will end up as trash and everything early is not historical. This all comes with the bad actors trying to take advantage so stay vigilant and cautious. Many of the people who left the space are re-entering, seeing a window of opportunity to get new users out of their bitcoin. Be incredibly weary of narratives, and veer away from over diversification. China has been shining through headlines, with all types of rumors and speculations based on different media events, phrases being said, and even images being shared that are seen as pro-crypto. Hong Kong is releasing a new licensing process, but this also came with tall grey regulations that make it unclear how a normal market participant is supposed to conduct themselves. Over the medium term this could play out well, and everyone will be watching for updates in the next coming months. Pudgy Penguins who have been making headlines for their plushies on amazon, had a separate drop on NTWRK of 150 collectibles that sold out in 10 seconds!STUBSThis week's STUBS artist is none other than our great friend of the show @camila_artwork!!!!! Who is Camila? - a Portuguese digital artist who knew she wanted to be an artist from a very young age. Her father was an architect, her aunt is a painter and her family is full of different artistic influences. In 2016 she started working professionally as an artist. When she discovered NFTs she already had a community around her and her art but was able to blossom and flourish using the blockchain experience.These days she is mostly focused on 1/1's on super rare but has also done some editions recently. Her art brings good vibes and offers a lighter view on things via her choice of colors and cartoon-like perspective on her subjects. Most of her work is also accompanied by music or audio that just adds to the peaceful, tranquil vibe of her work. One of her biggest inspirations is Japanese woodblock prints, you will see a lot of Japanese looks and influence in her work. Stubs collectors will have a chance to win a 1/5 edition out of the 64 available to mint. Claim your free stubs and be prepared for the burn!GM! Hosted on Acast. See https://linktr.ee/rugradio

GM Web3 ☀️Recap - May 26, 2023Degenz Market Report by @osf_rekt and @rektmandoAnother good day for stocks today with the S&P up 1% and the Nasdaq up 1.5%. Interest rates are heavy and were up almost 1.6% on 2 yr treasury. OSF thinks this may be due to PCE numbers coming in properly, as well as some constructive talk around the US debt issue. Interest rates have sold off for basically the past two weeks with stocks rallying which is inverse from the norm.Crypto is up slightly but still lagging behind stocks which have moved up roughly 10% higher. @farokh checked price, price was good. The payrolls report is coming next friday which is the next major macro event. ETH 4 LIFE@0xfoobar joined us to tell us that BTC is going 0 after we had the bitcoin Maxis on stage yesterday. He also described the nuanced differences and advantages of using ERC-20's vs Bitcoin and BRC-20's, ordinals etc. He says that Bitcoin is basically a great store of data, but not a practical, or even capable, choice for many of the things we are seeing built on ethereum. "People saying they will build ZK rollups on Bitcoin are just flat out lying" - foobarConceptually, you could hard fork the chain completely and update things, but this is just not realistic, and a soft fork doesn't solve the issues because the problems are on the main chain. What people are doing on Bitcoin is just a worse version of Ethereum; they are recreating things with less efficient tech.GMThe positive side to what's happening on BTC is that there could be a cultural advancement around the first coin and the space as a whole. Hopefully people experiment and break things which leads to people trying to fix things and finding solutions to further advance blockchain tech.Non EVM chains to 0! (jk we love BTC still but had to provide some ETH propaganda after yesterdays episode)Jalil & Checks@jalil_eth joined us from Germany! He has been a friend of Jack Butcher for years, prior to web3. He has worked with the Visualize Value brand and Checks behind the scenes on the coding side.The original Checks project was minted on Zora with the original concept of just burning checks to reduce supply to get to the single checks being ousted; The problem was that this didn't reward everyone. Jalil points to the different traits of the checks that are all determined on chain; This all tells the story of wanting things to be immutable and how the community will create the art based on their decisions.Jalil was mainly a programmer for 10 years and only recently became involved in the Ethereum world over the past few years. His passion comes from a love for combining technology with art. Code is Art.He tells a story of having to rewrite the entire Elements code due to an economical issue that was brought up that might have allowed for people to get early access. He rewrote it all along with the user interface for elements just days before launch."The power of Art inspires us to act a certain way, and checks does this." - JalilThere will be two new Opepen sets available for holders to opt in. Apparently, Batsoup’s art was the original inspiration for the Opepens!We were joined by Orlando to talk @nftees_com, an idea where you can wear your NFTs. You just choose one from your wallet and then you can rock it on clothing. There is an option to do digital wearables or physical clothing!Dress to Flex,@mylama_eu is an exchange that allows for traditional currencies to be used and is expanding globally. @brighamsantos is the founder of the LAMA bank, with the goal of pushing the mission of mass adoption. They want to enable new participants to buy/sell crypto and NFTs in a safe and secure way.https://linktr.ee/rugradio

A good start to the day for equities with the Nasdaq up on the back of NVIDIA earnings; this seems to be a direct result of AI income. Their market cap appears to have reached 1 trillion!? As a result of Nvidia, tech stocks are up roughly 2%. Notable mention that the CTO of NVIDIA was also quoted earlier this year saying crypto doesn't offer anything useful.Crypto bounced slightly in line with tech stocks but not really a noteworthy move price wise.We saw a move lower with Miladys, due to the BLEND downward pressure. Mutant apes are also suffering from the downward spiral effect of BLEND. It feels like the narrative is shifting around BLEND as projects experience an initial pump but then plummet, which to be fair is not the fault of the platform itself.0n1 Force aloha finally dropped, and they are said to have a new CTO which looks like the start to a strong team being built for the anime based collection.Hape Prime, from Jan 2022, made by Digimental Studio, was purchased by Vertex Labs for $12 million. Mando thinks this is a high price, and compares it to the recent valuation for Pudgy Penguins.10 new squiggles sold and there was some trading around the sales. There was also a blind auction that closed yesterday in the 19 ETH range featuring squiggles that are minted by @ArtOnBlockchain. There are now only 226 more Squiggles left unminted now.@DavidFBailey CEO of @bitcoinmagazine joined our stage along with the grand wizard @udiWertheimer.David joined the stream poolside but was rugged due to beautiful weather on the island.In 2018 the Bitcoin conference was built along with the resurrection of Bitcoin magazine, which was purchased from Vitalik Buterin! 2012 is when David found out about bitcoin and he originally thought it was a scam, and even tried to prove to his friend that it was. Obviously he failed, and this was the onset of his Maxi tendencies. He went all-in on BTC in 2013 and it's been history ever since.He also spoke about color coins, which were a paper written by Vitalik, and ordinals being a revamp of this original idea leading to a resurgence of this ancient tech.David describes layer 2 solutions that will be built in the future via the fees on bitcoin being created today, laying down and creating new infrastructure will usher BTC to be the accessible amazing tech that it has potential to be!BTC OG's and maxis are coming out of the woodwork to create on top of the ordinals protocol. David imagines 10's of millions of dollars being poured in and 100's of thousands of developers surfacing to push the bar.The platforms that drive the most fees to miners and carry the most influence will push the bar exponentially. There are many competing visions for what comes next in BTC, but anything that has been built on ETH has the potential to be built on bitcoin and tried for success.UDI points out that the reason many things were built on Ethereum were not a result of technical inability, but rather a cultural barrier that had never been overcome.@huuep spoke on how fees are low now but in the future when fees are high things will have to be done differently. For instance, inscribing art is affordable now so take advantage as it may be out of reach in years to come.GMhttps://linktr.ee/rugradio

Traditional markets are not off to a great start today. The 21 day treasury auction ended yesterday at a yield of 6.2%, due to a lack of resolution about the debt ceiling talks. The auctioned bills are set to reach maturity around the "X-date", when the Treasury expects the government to no longer be able to pay its debts if Congress doesn't reach a deal. As the end of the month approaches the fear is escalating and the talk is getting louder. Bitcoin is down to $26.8k and the ETH is down to $1,741. It seems like the natural progression considering the state of the traditional markets. This looks like an appetizing dip, but be cautious as we are not in a stable environment. The dollar has been showing some strength which is actually dragging down the value of other things, like crypto. Whether or not the US actually runs out of cash remains to be seen, but our hosts agree that this is an unlikely event and the same people have been on the soap box saying these things for a while. If we come out on the other side of this properly, the rebound will be significant. Not really much to report over right with NFTs. We saw some more movement in the Artblocks ecosystem, which all started with the big Fidenza sales; we also saw some decent ape sales including a crown and gold grin. Miladys is still bringing decent volume since the Elon tweet but the floor has fallen to the 3 eth range.RarePass genesis' were swept and the floor is up to 15 eth.Captainz and the 9gag ecosystem are making waves and talks of the $MEME coin are still in the air. Legality, hype, untapped market and huge following are the perfect formula for a successful launch. @punk9059 thinks PFPs are in a rough state. Miladys have been dominating via BLEND volume. The current trend is a floor price pump after a BLEND announcement and then once its live a huge dump of supply from big holders. Events like a massive mutant ape dump in the hundreds or the looming holder who has ~400 CLoneX are keeping the market shaky. There are roughly 30 big farmers controlling the big bids and dumping. There are currently 24k ETH worth of bids on mutants meaning the liquidity is still there despite the feeling of a shrinking market. @k2_nft is a great account to follow to get informed on the BLEND bid/dump world.@Ledger recover has been delayed and put on the back burner. They have responded to the market's reaction about the recovery system. They are starting with a white paper on the recovery protocol and slowly making the OS open source. @cz_binance posted a video of China Central Television (CCTV) covering crypto topics that went viral. Starting from June 1st, the Securities and Futures Commission of Hong Kong will be implementing a mandatory licensing regime for virtual asset trading platforms. @Alicia_MEXC thinks this is bullish news as it will bring in new participants and create a safer way for the public to interact.GM Hosted on Acast. See acast.com/privacy for more information.https://linktr.ee/rugradio

Stocks are down and interest rates are up to nearly 4.4% on 2yr treasuries, which is the highest it's been since march. The US debt ceiling conversation is stirring up emotions and talk around markets, causing general fear.Crypto is up a slight bit and looking strong with BTC around $27.3k and ETH around $1850, while alt coins are not following suit. The layer 2 story is still a strong narrative but all of the layer 2 coins are not doing well price-wise. A new issue for other chains is that Bitcoin has become the 2nd biggest coin for NFTs now; if it properly adds an application layer, it will be a huge threat not only to ETH but to all chains in general. This certainly raises questions about Layer 1's.Most of the companies competing will have to use their treasuries to fund development. The more centrally held coins are more susceptible to spending, and it could spell problems in the future.NFTsDid you know, T-pain dropped NFTs in 2021? The more you know There has been a resurgence in the generative art market which seems directly related to the Sothebys auction. Fidenza sales are happening, pushing the floor above 80 ETH and squiggles are making moves now with the floor sitting above 12 eth.Jack butcher has an IRL auction going on at Christies with pieces going for 11-15 ETH. The sentiment around Jack is great and he is now seen as a mainstay in the space.What we've seen over the last few weeks is that the higher end of the market is still trading well. Crypto punk hoodies, gold apes, Fidenzas all definitely have the potential to bring up the mid to lower part of the market with it. OSF thinks that the price of ETH will be a decision maker. If it breaks above 2k into the 3k range we could see the high-end sales slow down.RTFKT saw a bounce and have recovered above 3 ETH, which seems to be a result of the recent sneaker forging. They still have Animus in the works and nearly no news on this big initiative from the project.A couple MFERS have started a physical product initiative and will be selling chairs in Canadian Lowes!Bitcoin pizza day was celebrated yesterday, and @Pizza_DAO kicked off parties all over the world in 120 different cities. We hope you got your slice!theOMparticleWe were joined by @technicalroom and @FractalWoman to discuss @theomparticle. Fractal woman has been involved in computer science for many years and made her first generative piece using PUNCH CARDS! They have been on the fractal scene since it was created!Jordan tells stories of warming his winter home in Canada with mining equipment!Fractals involve an iterative process which is basically a mathematical feedback loop. The mandelbrot fractal is the mothership of all fractals. All others emerge from this source essentially. The IT coin is basically a form of currency that represents the fractals. The OM particles are combined to generate a buddhabrot and the iterations take a certain amount of energy to create, making each IT coin unique.1 $ITcoin= 1 iteration = 1 free mint of the project.GM Hosted on Acast. See acast.comhttps://linktr.ee/rugradio

Equities are holding steady, after experiencing a minor dip on Friday before rebounding to previous levels. Meanwhile, interest rates have seen a significant sell-off, with a substantial 70 basis point movement since the introduction of the banking crisis a few months ago. The current buzz revolves around discussions regarding raising the US debt ceiling, though OSF highlights that this topic has been extensively discussed in the past without any tangible actions taken.Crypto has been quiet with BTC and ETH hovering around the same levels.Payrolls are the next major macro event going into next Friday. The FOMC is also coming next month which could be a big one considering it could be the first time in over a year that the Fed might not raise interest rates. Look out for that in June.Alts have been trading poorly and ETH has acted like a stable, while Bitcoin has seen some lower numbers, threatening to dip below support, but then it just rips back to its norm.There are a number of short positions across all markets in stocks and bonds which could spell a massive reversal. It is generally agreed that the US will not default, with the key points likely being more in the direction of spending limits and how much gets spent & where going forward. Smart money is shorting, but most people are positioned for it. Mando points out that the contrarian position is that things are not as bad as they are being painted, and buying dips might be the big play as all dips are instantly being bought up."Builders spring. Crypto Summer" - this was a big takeaway from Veecon and a major quote from @jessepollackOSF imagines that we end the year with a new year-to-date high for Ethereum! How bullish are you?Quite a lot happened in NFTs over the weekend. Blur kicked off with BLEND dipping into new collections. There were some EPIC DUMPS coming throughout the ecosystem with this type of volume continuing to dominate.Sotheby’s auctions from 3AC happened with Punks, Fidenzas, Autoglyphs flying off the shelves. For the first time in a long time, NFTs were fetching prices above the expected price, stimulating activity in all of the respective collections.In celebration of the 1 year anniversary of Rektguy, the foundooors launched a website to accompany the collection. The site includes features like top collectors, largest sales, a Rekt wiki and individual profiles for collectors with badges that serve as accolades for various achievements in the ecosystem.VeeConThe Veecon conference remains unrivaled with rave reviews from all who attended. It was a smash hit with a focus on the actual conference, as opposed to the satellite events that seem to take the limelight during other major events of this caliber. Next year may be the last Veecon based on the initial befriends utility, so you don't want to miss it!Mando highlights the Gary V interview with decrypt and how the focus of the conference could have been AI, but blockchain is basically providing the rails for AI to ride on via provenance and proven ownership/creation.STUBSOur STUBS artist this week is @anzomez and the piece is titled “Hate My Mind When I’m Alone”. The piece tells a story through the imagery, and if you look into the different uses of imagery and piece them together you will surely be able to take something from it. His themes tend to be around sadness or disappointment and this piece is true to his art's sentiment.Don't forget to mint your free STUBS so you can claim the art on Friday!GMhttps://linktr.ee/rugradio

Pretty benign start in all things in macro. There was some better rhetoric between McCarthy and Biden around the US defaulting, which seems to have had a positive outcome for stocks.Crypto saw a slight dip on the majors and while writing we are seeing some active movement in prices. This is a time when we might see some volatility, the bears are calling for a dump based on technicals, but the debt deal will be a huge factor in how things play out with a hard stop this weekend on getting the deal done and the market is focused on this event. If the US defaults on its debt it would have a massive impact, however this is a very unlikely outcome.Crypto is moving on the back of the deal news, while alts have seen a dip; $PEPE is also down and saw another dip this morning. We could still go lower from here across all coins and it seems probable so be prepared and protect your bags accordingly.NFT floors are basically unchanged or down in the 1-2% range. Yesterday was the HVY-MTL reveal which wasn't initially received, as there was a dip in the price but they have retraced to 1 eth, although their actual use remains to be seen. June will be the last leg of the YUGA multi-week mint and the journey will reach its concluding stage.@veecon joined us on stage to share in the excitement for the upcoming event. If you are planning on coming make sure to download the app to get proper access. This is the second Veecon event, and based on the original Veefriends mint that promised 3 years of access, this could be 1 of 3 to ever happen so don’t miss it!@LucaNetz came to chat about mass market IP usage from the perspective of an NFT project. He is trailblazing into the physical toy market via the blockchain; Anyone will be able to buy a toy online with a birth certificate inside the box, a place for a signature, and a QR code next to it that will bring you into the digital universe.The challenge is onboarding new customers into the world of the @pudgypenguins while offering the experience of being a part of the community. Luca's mission is to deliver a soul bound token that reaches new customers through an enjoyable experience in a painless way that they don't even realize is even happening."For me the NFT wins or I lose" - LucaYou have to leverage your audience to trigger algorithms. This applies to amazon as well, so expect to see many mentions of the shipping giant from the Pengus.We were also joined by @megbatphoto who is our stubs artist #8! She has been shooting photos since high school, beginning on film. She ended up working with a modeling agency, but at the front desk before moving to LA and getting involved on IG as a female photographer. She heard tons of horror stories from women about their experiences with male photographers and became a safe haven for models to feel comfortable and shoot without being harassed.She was introduced to NFTs 'early' and thought they sounded dumb, but was eventually funneled into the community via clubhouse, minted some work, sold it and has been involved heavily ever since. Hosted on Acast. See acast.com/privacy for more information.https://linktr.ee/rugradio

Equities were up on close yesterday, but we have given back some of the gains today with Interest rates also rising slightly. Today we had the reported retail sales number come in at 0.4% which was below expectations of 0.8%.Crypto is also fairly unchanged, BTC above 27k and ETH has been holding in the $1800 range. $APE saw a positive reaction to the HVY-MTL rollout, but is still in the mid $3 range. There is a loom and doom narrative of the US running out of money and hitting the debt limit around June-July. This has caused bi-partisan talk about raising the debt limit, and made for some complicated negotiations. If the US were to default on its debt it would be a horrific event, things like double digits down in the stock market. Mando doesn't think we see it but it is the banter from the higher ups. Little more strength seeping back into NFTs. Mutant apes and pudgies were both added to the BLEND protocol. Many popular collections have seen a 5% positive move, a rally in checks up to 0.6 ETH and Opepens up to 0.25. A gold Ape traded for nearly $1 million, which is something we haven't seen in a while, especially on-chain. The wallet that acquired the ape is stacked up, and this their second Gold ape!It is fairly apparent that $hitcoin season is fading. New contracts have a life cycle of hours and we are seeing things die out before they are even created. Hype cycles have lessened and the overall sentiment on the timeline is not loving the $💩 outside of every reply to every tweet. @punk9059 shared that there are only 2 revealed Opepens, and only 80 out of the entire collection were made by @jackbutcher himself. These have established immediate provenance and are already trading for 8-10 eth. Every opepen that hasn't been revealed has already been assigned to a rarity so despite not being revealed yet, the 1/1's and 1/20's are fetching premiums.There was a tweet from BAYC stating that the HVY-MTL boxes will be revealing traits. Seems to have been received positively on the TL. Rektguy has been seeing some positive movement with volume and Floor price. Remember the royal edition Bugatti Asprey eggs? All 3 of them sold for 200k eachLedgerWe had @iancr from @Ledger on. Ledger recover is a product they have been working on for 2years now. Today release notes went out that mentioned the product, it got posted on Reddit and has received quite the reaction. Ledger recover is meant to help with onboarding, by helping to eliminate the fear associated with seed phrases and storing them securely. Ledger recover helps give peace of mind without compromising security. At $10/month It allows you to OPTIONALLY secure your funds. It is still self custody, your seed phrase is sharded and combined with three other custodians from three different continents. There is no backdoor. Your self-custody is not compromised. The phrase can only be put back together from sharing through your personal ledger. Probably 0We had the @Probably0 crew on, with @fungibIes, @BCPadawan & @JustKidLash . The product was built out of a need from the space. The app gathers information from different projects into one source that is able to deliver push notifications to your mobile device via a tweet size message summarizing any and all updates from the projects. They are the first outside project to pass a proposal within the RugDAO and to integrate the $RUG token into their platform. ). Hosted on Acast. See acast.com/privacy for more information.https://linktr.ee/rugradio

Traditional markets again don’t have much to report. We have been edging a bit higher in 10yr and 2yr treasuries for interest rates, but still nothing significant. The next big thing is Payrolls and then the next CPI report, so there is a timeframe here without any scheduled major events.Crypto bounced off the lows across the major coins and alts also, we could be starting to see a small rebound, but nothing notable and very few violent swings, which may be comforting for most bag holders. BTC dipped down to like 25k on Friday and has since recovered, but nothing feels cemented either way. Last week was pretty brutal overall, but this week we may see some consolidation and hopefully less blood and red candles."to be clear all $hitcoins are going to zero" - MandoBLUR season two has now transitioned into season 3 and the effect of the double points has seemed to be distorted. A major event happened with one of the top BLUR points accumulators getting the skull of death, nullifying all of his points and efforts - Definitely a FAFO moment. The season to season progression seems to mean you will have to keep playing the game in order to benefit.Overall volumes have come down but floor prices across the board have already started recovering as a result. Bored apes, Rektguy and even our beloved Rug Radio NFTs have seen some decent price action. Pudgy Penguins are also approaching 5 ETH and there is some suspense ahead of their May 18th announcement involving Luca’s plan to enter the physical goods front.Headlines like a major airdrop farmer getting zeroed and floor prices moving up is the exact type of thing we need to see to shift the sentiment.@jackbutcherannounced he will be diving into the physical world with Elements. Moving the Checks editions into physicals somehow, but using the Opepens which will be gradually revealed? There is currently a physical on display in the window of Christies, you love to see it.STUBSToday we announced that @megbatphoto is our artist for STUBS week #8. Her photo is already minted on the Fair page, make sure to check it out and grab your free stubs so you can burn to receive an edition on Friday.PizzaDAOWe had @snack_man on the show to talk about next Monday's GLOBAL PIZZA PARTY on May 22nd! A party across more than 100 cities all over the world, Bitcoin Pizza day celebrates the time that 10k BTC were used to purchase 2 Papa John's pizzas in May.Since 2021, @Pizza_DAO has given over $600k in Pizza all around the world. They have partnered with tons of charities and companies to get pies to everyone on the planet. They started out in the early Clubhouse NFT bubble that birthed so much of the culture we enjoy today. They recruited artists to contribute artistic toppings to their Pizza box NFTs, raising 330 ETH. Hosted on Acast. See acast.com/privacy for more information.https://linktr.ee/rugradio

Traditional markets moved up a bit but came back down already, with interest rates reversing some of the gains as well. BTC and ETH have both seen a dip, ETH dipped to the 1700's and BTC has fallen 5% which is a major move for our number 1 coin.Mando thinks this price action is a result of a technical sell off. The charts are driving certain trading habits and the narratives being pushed around these charts and trades.It's a quieter day in NFTs than it was yesterday. Miladys continue to dominate the volume but the floor is sitting at 4, fairly far off from the highs. There were some big art sales and some Fidenzas traded but overall volumes are not great. We are at 22 million in trades which is half of the volume we saw yesterday. Not much relief in sight, so buckle up and try to keep your bags above water.@YAGAMIIIARTS joined us to burn stubs for his piece 'singing in the rain'. a beautiful piece that somehow relates to the times we are going through with clouds above our bags. The burn will be for 5 Stubs and supply is capped at 100.@banditmfer came through with her $PEPE bags to share some stories about how she got to where she is. @NFTwap who used to make fun of crypto, and was an admitted @farokh hater, is now having the time of his life trading, riding the rollercoaster that is our space and sharing a stage with the hairy GM king.Wap got into $PEPE super early when the liquidity was nearly non-existent. He took a bid on a Nakamigo and aped into the coin to amass a trillion tokens. He saw the snowball effect happening, made some money on the way up, and still has a huge bag. He is dedicated to riding the ship all the way down, claiming the women and children can exit but he will light a cigar and enjoy the rise of the water. His initial investment was 0.8 ETH and at the top his bag was worth millions; luckily he was able to take some off the table but his $PEPE bag lives on.Bandit holds degen spaces called Demon hrs (tap in midnight est) and was exposed to $PEPE early on. Her bags peaked around $1.2 million and she is still swinging trades back and forth. Luckily she was able to take some profits as well, her initial investment was .75 and she was able to touch the moon with it. Anything is possible!The most important part is to continue to have fun. It is literally a meme based coin. Try posting a Pepe meme and laugh about it. The price of $PEPE has dropped but that doesn't change what Pepe stands for, and collectively we all know Pepe is Love.GM Hosted on Acast. See acast.com/privacy for more information.https://linktr.ee/rugradio

GM Web3 ☀️Recap - May 11th, 2023Mixed markets today with stocks unchanged, but there was a big rally in interest rates which are up from 4.6% yesterday. PPI came in today lower than expectations at 2.3%, yet another positive data point for inflation. Crypto is showing some weakness with red across the charts. OSF is unsure as to why this drop off is happening in crypto and imagines if CPI came in higher than expectations we might have seen a ramp up instead of this. Bitcoin is getting hammered, but gold is doing well and they tend to synchronize. There was the rumor about the govt wallet that was dumping BTC with a fake tweet causing a huge sell off yesterday. Aggressive moves and flash crashes are surfacing on the major networks which is surprising and something we haven't seen in a while. Good news does make the number go up, but we never seem to recover to the same levels it was at prior.The number one NFT movement yesterday was Miladys with over 9k ETH in volume. They peaked above 7 ETH floor amidst the hype of the Elon Musk tweet that set the space on fire, but have since settled back down to around 4 ETH since. If you see Elon tweet something related to the space, chances are he doesn't know what the NFT or meme is actually sourced from. There is always an initial crazy pump and then a violent dump, making it very easy to lose money. Give it some time if you are considering buying on the back of an event like that. Yesterday there was a public outrage from the $PEPE community, which was set off by an email that Coinbase sent out claiming that they cannot associate with the coin due to it's alt-right group affiliation and use as a "hate-symbol". The frog coin lovers showed up in full force and a call to delete coinbase via hashtag flooded the timeline. The JOMO effectWe were joined by @shiralazar to talk about the #JOMOeffect, a project focused on mental health and awareness. There is a huge need for mindfulness and mental health tools in our space as we all know; If we are building the foundations for change we need to implement mental health as much and as early as possible. The team calls for people to not FOMO but experience JOMO, the "Joy of Missing out". If you buy 5, @bobbyhundreds created a JOMO Adam bomb squad. If you Collect all 40 pieces, there is an opportunity for a zoom call with the legendary @DeepakChopra. Bobby always shows up in the space when mental health is being addressed and sees the issue as paramount. The more we can talk about mental health the more we can get care for the people who need it, which if we are honest, is everybody in the space from founders to holders. The JOMO effect mint is 24 $MATIC and some of the artists involved sell work for multiple ETH! The proceeds are going to different charities that range from support in India, to LGBTQ support for the youth, to suicide prevention. The Mint is hosted on Magic Eden and there are tons of perks for minters including various discounts. The reveal for the art is tomorrow at 1pm EST and Deepak will be on a space with the JOMO team tomorrow. Breaking@iampaulgrewal the chief legal officer of @coinbase renounced their previous statement about $PEPE, claiming they did not paint a full and accurate picture. What will this mean for the meme coin and do we see a coinbase listing as a result? GM! Hosted on Acast. See acast.com/privacy for more information.https://linktr.ee/rugradio

CPI came in today at 4.9% vs 5% expectations which spells out yet another move lower, all around positive for markets. Stocks are up about 1-1.5% move higher with interest rates also moving a bit on the news.Crypto is doing ok, BTC is back in the 28k range and ETH is in the 18's which seems to be its stability level these days.The headlines are stirring things up by pointing to the central bank's goal of 2% for CPI not being reached. The reality is that it's a win to come in below expectations and that should be the focus, but the media will push a narrative that stirs the pot.NFTs are still not doing well, trading volumes are down around 60% from their levels a few months ago; this has directly affected floor prices and most projects are bleeding. The trend to sell NFTs to buy Memecoins continues for people chasing bags, although Pudgies actually saw some positive movement with the news of their raise. Degods are at 8.69 after their Binance news, and Mutants are at 10 eth, it's been a long time since they were down at these levels.Michael @saylor talked about Ordinals and stirred up the timeline, with the most famous clip making a bullish thesis on having the blockchain verify a last will & testament worth $1bn and how much that would be worth to someone. #Bullish ACK's auction The broken keys is doing very well. We featured him yesterday and got some insight into his process and inspirations behind the work. 'Serendipty' is already sitting at 15 eth. Listen back to his segment for the juicy deets.@theog__ popped in to talk Pepe and memetics. He is a Rare Pepe scientist and has done some amazing cards in the rare Pepe collection, including the first community card PEPENATION (S1C4) and as the 2nd artist to make a card.. if you got rarepepewallet.com you can check out his work, PEPENATION has music attached to it!Do you know who Lord kek is anon? Do some research already and get to know the memetic history that we are living out daily.@johnkarp joined us to talk about the upcoming conference in Lisbon! There is an 80% of promo code available ‘Rugradio30’ for any listeners/readers that want to attend the conference. There will be a huge beach party to close the conference out so be prepared and get your tickets asap! Hosted on Acast. See acast.com/privacy for more information.https://linktr.ee/rugradio

Not a ton to report on traditional markets, starting the day a bit lower with .05% dip on the S&P. Interest rates selling off in preparation for tomorrows Data point. OSF imagines the risk is skewed towards the downside with the CPI number, no matter where it comes in at. Crypto has had some difficulty holding onto local levels. Some of the alts like $MATIC and $MAGIC are in a slump and being majorly outperformed by ETH itself which is up nearly 55% on the year. The concept of digital gold is a strong narrative being bought into versus utility based tokens that offer something. Mando thought we might sustain this last bounce and seeing the major coins slip is quite concerning. IF BTC continues to lose, then the shitcoins will suffer as well. The Bitcoin halving is approaching and stirring up many different perspectives and predictions around the future of BTC. People have speculated on major things like bitcoin forks and modifying the ultimate supply. No major change is set to happen but the speculation alone is enough to raise hairs about its future.Binance put a tweet out that Ordinals are going coming to their NFT marketplace. The Bitcoin network was clogged yesterday due to the introduction and excessive exploration of BRC-20 tokens. IT has set the maxis into an uproar and caused both a wave of panic and wake of FUD in the BTC universe. Mando points out that this makes the future of Ethereum seem even clearer. People who don't want the application layer do not have a clear solution for what's going on and seem to want to delay the big decisions being made until much further in the future. NFTsThe main thing happening in NFTs is also surrounding the ordinals protocol on Bitcoin. The NFT community should start paying attention to the BRC-20 tech now. Go try it out and get to understand it while it’s new and relatively slow…. Clogged even.Pudgy Penguins announce they did a raise for $9 mil, with an undisclosed valuation, the stage speculates that it could be around $30-50 mil. Degods made an announcement that they will be available on the BLEND lending platform from BLUR. The news didn't seem to force the floor one way or another. Snowfro and Gary V both purchased a rektguy! Unfortunately this is not 2021 and this floor also remained fairly unchanged. Remember when buying some land in sandbox was enough to set a project on a run? the good ol’ days.. RTFKT sneaker forging deadline is here, don't forget to forge or you are basically burning a physical. The Broken Keys w/ ACK@lphaCentauriKid joined us to go though his latest drop 'The Broken Keys'. The piano to ACK is a gateway to the muse. He really pushed himself to make as many different stories as possible using the piano. He had over 100 pieces and curated it down to 48. All 1/1s going live at the same time within an hour of writing this. He saw a larger collection as a challenge. ACK is a self taught pianist and the instrument is a piece of art within itself. He wanted discovery to be a part of the work, so he tried different subjects and situations to tell unique stories with a piano theme. Check his official Twitter for links to the work. Hosted on Acast. See acast.com/privacy for more information.https://linktr.ee/rugradio

Traditional markets are trading relatively firm; we had a decent close on Friday with things unchanged on today's open. Crypto closed well going into the weekend but has sold off since along with $hitcoins, and it seems like the season is reaching a lull, but we likely haven't seen the end just yet. One of the major talking points has been the amount of Ethereum burned during all of the trading; It has been deflationary for a while now with all of this activity, and there are now concerns and speculation around the long term effects.We have the CPI number coming in this week. If the number misses then we could see a sell off, but if the number is lower than expectation it could be a less notable event. We are still in a tepid state with NFTs; some major sales have still happened with things like Azuki, and Cryptopunks are hanging out around 50 eth with Apes in the 47-48 range. There was a major headline going around where 14 apes were sold and immediately swapped for $PEPE, which is not doing well currently.@punk9059 talked about a difference from NFTs vs Stocks/bond trading, where the former plays into momentum and the trend of the moment. The strategy and practice may be similar but the foundation and influence are very different. Something like 80% of the loans that have gone out through BLEND have been recalled back already, take that as you will. If you are trading the $hitcoins, it's best to try and find something with a story at the very least. The action of these coins is rapid and unforgiving. Protect your funds and as always do not deploy capital that you cannot afford to lose. We were joined by @dannygreene & @meebstew to talk about everything @MeebitsNFTs. Turnon.meebits.app is the new site and has been one of the latest initiatives since they were assimilated into the Yuga ecosystem. The living PFP is the result of adding different expressions and emotes by animating the 3d characters. Giving life to the Meebs and making the animation accessible to users who aren't Blender experts is the mission.Today we announced our STUBS artist #7 @YAGAMIIIARTS to go over his singing in the rain piece that he is sharing with the GM Web3 listeners. He has done art for the past 10 years, and describes himself as "just an artist" and a late starter, although you might disagree looking at his beautiful work. The Rug Radio Membership Pass was one of his first mints ever, and now he is minting a piece for the Rug Radio audience. That is what we love to see and the type of story we hope to replicate.His style is NeoFauvism, which was also our code today for stubs and rewards. Fauvism was an early artistic movement that started in France and is attributed to the larger modern art category. Around the early 20th century people started experimenting by taking the realism out of the art and creating from their own views and perspectives with colors and livery. Fauvism sparked other movements like cubism and other really colorful styles; It broke the tendency of art to be naturalistic and represented in a true to life lens. Yagamii intends to combine modern contemporary art style with an appreciation for art history through his work. Yagami is also putting together a team to promote and contribute to the NeoFauvism style. It is set to be a curation in collaboration with Foundation that will highlight the style and the group of the artists that are creating using it!GM! Hosted on Acast. See acast.com/privacy for more information.https://linktr.ee/rugradio

It's been a tough 48 hours for equities, we are down another percent on the S&P. The FOMC concluded yesterday and we did in fact get a hike of 25 bps as expected. The commentary from Powell didn't communicate that they will raise them further or that they will be cutting them lower. There is 0 way that the FED can raise rates further from OSF's perspective.Mando points out that they danced between a dovish and hawkish narrative, and while this didn't initially move crypto prices, Crypto saw a small pump with futures opening and bank stocks slipping lower. Stocks themselves have gone lower with the banking crisis looming and potential recession on the horizon.Tomorrow we have payrolls and the expectation is around 170k. If we hit that number it will communicate that the market is doing better than the FED narrative is saying.The $hitcoinery continues! Beeple made a very explicit everyday yesterday pointing to the crazy environment we are in, view it at your own risk. $PEPE continues to rise at time of writing this, and the stage imagines that this coin could be around for a while and make it past the typical pump/dump lifecycle of these types of coins.Volumes have massively decreased since the BLEND news lit the market up. Things are trending back towards low volume days, and it's just a slower period right now. Forgotten Runes made an announcement about some upcoming things in their ecosystem.In other news, Nate Chastain, former manager at Opensea was convicted by a jury for NFT fraud and money laundering. The date for sentencing is set for August; our pros imagine a 10-18 month sentence, although it will likely be appealed; factors like using multiple wallets were connected to the laundering charge, yet we all know that multiple wallets is a standard practice for safety in the space. The headlines paint a certain picture but the appeal process means none of it is cemented.Today, one of our top shows at Rug Radio @audiogalleries is on the front page of Opensea with an awesome generative collection aptly named Flowers Flowers Flowers! @TheNFT101 is hosting @lobsteropolis and his first exploration with this type of digital art.SorareWe were joined by @ni2las co-founder and CEO of @Sorare! He explained that the partners of Sorare have equity in the brand and are here for the long run. The fantasy leagues have been catching like wildfire and have amassed over 300 partners since we had him on the show last Summer!Nicolas has bet his career on crypto and has been on the scene for many years now. Late 2017 is when he found NFTs and felt the potential for massive change using the technology; People have been collecting things in the physical world for centuries and NFTs open this up to the masses to collect things in a new, secure way.It started with a vision to unite sports fans across the world and is now selling globally, succeeding in these efforts. @sobylife is an active player in Sorare fantasy leagues and points to the fact that it is a fun fantasy game but is also very collectible. You get to play but just holding the cards themselves is a valuable experience.https://linktr.ee/rugradio

Not much to write home regarding traditional markets, equities are basically unchanged. Interest rates are rallying with the news of the bank fiasco. Today the FOMC will conclude with the expectation of a 25 bps hike and the press meeting set to happen at 1:30pm EST. We will see if there is commentary around the banking situation, but things are still wobbly.Crypto is still doing ok, with BTC and ETH staying in the same range it has been for a while. The alts aren't doing well with $APE down in the $3 price range. BTC dominance is up with all of the banking headlines; Mando imagines some volatility on the back of the FOMC commentary.NFTs & CryptoIt feels like a reverse of the BLUR impact, Azuki is number 1. The floor is around 16-17 ETH but both Miladys and Cryptopunk’s floor has dropped off a bit. BLUR volume has dominated the markets with the new loan dynamic offered by BLEND. Stories are all over the timeline of people taking loans on assets for "deals" and betting long using BLEND for wins.Lebron James wore some @RTFKT sneakers on his way to the stadium yesterday during the NBA playoffs for game 1 of the Lakers vs Warriors series, and they took the win in Golden State's house. LFG!The NFT landscape is rough for people looking to buy into some of their favorite projects; floors are low for many of what has been considered the top projects, but the market manipulation is still very present and the risk to entry is very high from an investment standpoint. It is tough to be a small-time or even average participant in this environment.Since the Ethereum merge event we have burned over 142k ETH, maintaining a deflationary status. Thinking about ETH over the long term, it is a really aggressive metric. Mando spoke about the potential of having to change the dynamic of the burn if the bull returns, this type of action could make our favorite chain too expensive to use and drive everyone to L2s.Ordinals have been making waves and BRC-20 is in the headlines. Bitcoiners have basically built the infrastructure to have $hitcoins on Bitcoin! The maxi narrative is there is no longer any need for any chain other than Bitcoin. ggH3NSYWe were joined by @boillotlaurent the CEO of @Hennessy to talk about everything @H3nsy. He has been with LVMH for 22 years! Joined Hennessy and has been immersed in the cognac brand and the community around it before embarking on this web3 journey along with @BarichDanielle.Hennessy came into web3 via intuition and genuine curiosity; it started as an experiment, making connections in the space and even a DAO experience. Laurent found that there is culture present in web3 and understood the massive value of getting involved in this culture and building a community as early as possible.When was the last time you did something for the first time? @BoillotLaurent urges you to answer this question via action and pursue innovation!GM! Hosted on Acast. See acast.com/privacy for mhttps://linktr.ee/rugradio

GM Web3 ☀️ Recap -May 2, 2023Degenz Market Report by @osf_rekt and @rektmandoTough day in equities the S&P moved down slightly more than the Nasdaq, which is uncommon. Yesterday, First Republic bank was bought by JP Morgan; It looks like banking is still under massive stress, and any sustained rate hike from the FED will have a huge impact on regional banking. The FOMC is currently going on and set to conclude tomorrow with expectation for a 25 bps hike. At the last FOMC, they didn't say anything about banking but it is still unclear if the commentary will mention it this time around. Crypto is rallying in line with the chaos of the banking sector. First Republic and Silicon Valley were both large enough for the FED to do something about and intervene. A smaller regional bank that doesn't get the favor of the FED like PacWest, could end up not getting the assistance needed and causing a huge ripple in the system. JP Morgan is not going to bail out all of the regional banks, it just isn't possible. OSF points out that $PEPE has a larger market cap than some of the banks in question!"There is no way in Hell that the FED has this under control" - MandoThe narrative that things are under control is just plain false. Commercial real estate is a very problematic sector that has yet to be realized. Massive devaluation is expected across the board with properties being devalued that were initially financed through banking loans, and the contagion of this potential banking crisis could be devastating. High yield debt and illiquid private credit will follow commercial real estate and giant holes in the balance sheets are bound to show up. NFTsIt's been a strong day over the past 24hrs in NFTs. It seems to have been initially led by the news of the BLEND loan platform from @blur_io. Cryptopunks, Azuki and Milady are the 3 collections launching through the platform, and the action through these collections has lent to some green across the board in other collections. This initial pump may seem good, but Mando is certain this will lead to higher volatility in floor prices. In a market where things are already pretty unstable, this could be a fan to the flame as things play out. BLUR, BLEND & NewsWe had @gmoneyNFT on stage and he imagines Blur taking NFT projects as proof of concept examples in order to eventually incorporate real world assets to their platform and tech giving potential investors more than ideas to work with.Overall blur has increased volatility and incentivized degeneracy, which is not great for the space as a whole. The loan-to-value is incredibly high on the BLEND platform, although there is some sort of protection on the lending side as lenders basically have a call option on their NFT. If floors go up, they benefit and if the floors go down they have up to 95% of the assets value to lose before going belly up. Sotheby's announces their metaverse marketplace, a royalty enforced platform that claims to be “Art 1st” with a 2.5% platform fee. @SothebysverseAre you aware of the initiatives by Coinbase and Brian Armstrong in the fight for crypto? Shields up! A free mint is available for all to stand up for the cause! look into what is being discussed and hold up your shields for the benefit and longevity of the space! Big congrats to @DeeZe who joined the Sam Spratt Skulls council last night. 💀 Hosted on Acast. See acast.com/privacy for more information.https://linktr.ee/rugradio

We are SO BACK! On Friday, the market closed strong; today, however, equities have remained mostly unchanged. Looking ahead, the FOMC begins tomorrow and will conclude on Wednesday with the announcement of the interest rate hike decision and their plans in light of recent data. Given the Fed's priority of maintaining stability, it's unlikely that any major drama will unfold.Crypto is heavy with BTC down to $28k and ETH down in the $1800's. The $hitcoin market is booming, $PEPE has been on absolute tear over the weekend without any Monday sell-off. Stay cautious as always and don't spend anything you cannot lose. (Monday dump has ensued since writing this, I love crypto)To those with a bag, don’t be afraid to realize profits and take some off the table. It always feels good to profit.The number of holders is up big and the data points to a lot of holders that are holding a profitable bag. This usually means that there is a consolidation period set to happen, but..... this is Pepe! The strongest meme in the world, and the strength could push the market cap to unheard of highs. If this was a different coin it would likely be dumping by now. The longer it is sustained, the less you can fade it but you still need to time your entries. Huge swings can and will happen, brace yourselves!Blur & Venmo AnnouncementBlur announces Blend, a peer-to-peer perpetual lending protocol for NFTs. The platform will allow levered long positions while still earning yield? The perpetual factor means there is no expiry to the loans which is definitely a new approach to lending in NFTs. Venmo announces they will support crypto transfers within the app which is a progressive move in the right direction. You could previously purchase crypto on the platform but not move it in or out, a much needed upgrade to the platform. Consensus in AustinLast week was Consensus 2023 in Austin, Texas! Rug Radio held an event that was a huge success. GM Web3 went live on the Consensus stage on Friday, check the replay to get the IRL show vibe. @SamEwen, Head of Coindesk joined the stage today and threw some flowers back at Farokh and the crew.Stubs Artist #6, Victoria WestToday we announced the 6th STUBS artist, @vwestphoto_nb! Victoria shared her story of trying to get on Foundation with early struggles of having two early pieces banned on the platform. She is a photographer but also a digital artist! She describes her art as her diary, and a personal form of expression. She combines photos she takes and modifies them to create beautiful works of art that tend to have a statement reinforcing them.The Pepe and the Princess is the piece she chose for the STUBS mint which just happens to be totally in the META given the crazy $PEPE pump. The piece was set to be a STUBS mint weeks ago, it just happens to be that a frog coin has taken over the timeline, LFG!GM! Hosted on Acast. See acast.com/privacy for more information.https://linktr.ee/rugradio

Things are not looking too rosy, equities are down across both Nasdaq and the S&P with 10yr and 2yr treasuries seeing a decent rally in interest rates. Crypto is also not doing well, ETH has moved roughly 15% lower over the course of a week which is not great. $ARB is back to $1.30 and most other coins are not doing well.OSF has a hunch that the FOMC next week could be a constructive event. The banking crisis wasn't quite as bad people feared and has moved out of the headlines. With data points like payrolls coming in positive, we could see some good rhetoric come from Powell at the FOMC meeting.Mando imagines the banking crisis is still looming and things like commercial real estate will still reveal that they are a part of the banking contagion. The raise in rates is not ideal and it isn't clear as to what the Feds master plan is given this start to the year.Most traditional assets had a decent entry into 2023, including crypto. @punk9059points out how loose the Fed kept things during COVID and now we are possibly seeing a reverse strategy with things constricting.This was the lowest day of the year in terms of NFT volumes. Blur incentives have decreased and things are falling very flat. Realized daily losses are up above 1k ETH in the NFT space which is not great by any means. The end of the double $BLUR rewards is approaching which will certainly shift the landscape in some way or another.Peak Bull the space was profiting something like 30k ETH daily, a hand over fist scenario. It hasn't been down only for floor prices but the big sales lately have been for a loss which we hate to see. After BLUR started in Q4 we actually saw a rally upwards, a lot of liquidity entered the market. We are at a place now where things are just unwinding from some of the hype and farm chasing.@indigo_herz joined us to talk about their initiatives and ALTS by Adidas. There are ALT[er] Ego traits that are linked to different genres. Adidas as a brand has made waves and respects the culture of the space and sees it as more than just a technology.@heyerikaws spoke on how important it is to build and nurture a proper community in web3 and not just exploit like many of the large brands have done. They have an ‘into the metaverse’ taskforce that created a strategy to integrate the stripes into the blockchain and culture. Erika shared the story of not knowing who Gordon and Garga were from the Bored Apes as they weren't doxxed, but due to some key allies and advice, Adidas still did business with the Apes. Shoutout to the open-minded lawyers who enabled all of this to happen.They have integrated @tokenproof with their ALTS initiative to allow users to access exclusive products that are only available to the web3 community.Web2 was all about leveraging social media and other peoples platforms to get to the top, but in web3 Culture credibility, Community & Collaboration are the 3 C's that Erika believes are key to success in. ///Adidas team on @: 32:13GM Hosted on Acast. See acast.com/privacy for more information.https://linktr.ee/rugradio

Not a ton to report on traditional markets, we closed unchanged and are opening basically the same. Last week was a boring macro week, but this week brings corporate earnings with META and a couple other big tech companies reporting, which should stir things up leading into the monthly macro events. Next week we have the highly anticipated payrolls report followed by the FOMC.Crypto has seen a dip with BTC diving to $27k and ETH dropping to the $1800 range. A lot of the alt coins have been crushed over the weekend. The $hitcoins are holding but still undergoing losses. We definitely had some heightened euphoria this past month, so use this time to reassess and make a proper plan for your next trades.Apes and Punks as they both dipped below 50 ETH going into the weekend, but have seemed to rebound, likely due to thin floors. Looks like we get to stay away from 0 for a bit longer.Degods got a lot of focus over the weekend with some FUD and a slight dip in the FP, due to the typical growing pains in the space.Guttercats is set to finally announce a community token and Killacubz mint is upcoming with 8 phases of incubation!YugaLabs vs Ryder RippsThe Yugalabs vs Ryder Ripps case seems to have gone in favor of the Bored Apes, much to the rejoice of those who care for the space. There was a 22 page summary on the case and @GencoLaw came on stage to share some of his findings.NFTs apparently get the statute of copyright laws which is a net positive for projects. In regards to a ‘right-click save’ the Judge did not see enough artistic expression to grant those rights to Ryder. Yuga got many things granted in their favor but they did not get everything. It does not mean that NFTs are not securities, although this case was actually silent to this issue according to our on stage counsel.Provenance and IP matter, and this is the direction that artists and founders wanted this to go. This isn't a cemented judgment as there could be an appeal, and a trial is still pending.New Stubs Artist - AD_ADWe had our new STUBS artist this week, @adam_disbrow! He is a traditional artist coming from contemporary fine art who got into NFTs in 2021 by overhearing FUD from a traditional art gatekeeper, signaling he should look into it. Expressionist painter by trade, he paints pieces that are then professionally photographed and then brought into procreate/photoshop to create the amazing works he is known for."Crypto art as a whole and a culture is stronger than ever, and I'm all in" - AD_ADMetaversal & Rug Radio Event in Austin, TXWe also had @balon_art and @yossihasson on to talk about @HelloMetaversal, their badges, and the upcoming event in Austin, TX during Consensus in collaboration with Rug Radio.Metaversal looks at different projects and founders that are disrupting their respective space by using the Blockchain and NFTs. They also have their own production studio responsible for creating things like their latest @omegaxrunner Hosted on Acast. See acast.com/privacy for more information.https://linktr.ee/rugradio

Traditional markets don't have a lot to write home about, most things are basically unchanged. Interest rates are hovering in the same range they have been for the past few days. Tech earnings will be coming out next week, which could have an effect on the macro.Crypto is slipping, ETH is down to the low 1900's and the meme coin rallies have seemed to slow down with most falling into the red after the past few days of hype.It seems that the market may have expected more of a sell off with the banking crisis, and since they didn't see a massive dip, the markets are slowly working upwards.Separately, a thread went out talking about the security of the Bitcoin network becoming more vulnerable as time goes on, and the number of coins being reduced through the token mechanics. This could be one of the reasons it has been underperforming lately, but who is to say?Not pretty out there in the world of NFTs, if anything there has been a bit of accelerated bleeding going on. A bloodbath across the board with collections like Doodles approaching the single ETH range.The number of active wallets as well as floor prices have been declining, which is a terrible correlation to see. This all still feels like it will continue with the BLUR farming going on. @rektmando speculates that things could get even worse and to be prepared to see more blood. However, this is nothing new for the crypto and NFT world, we have lived through a thousand bull/bear cycles with major pullbacks. This one does have a different feel because of the major collections diving along with the overall sentiment.Last week there was euphoria everywhere and this week the vibes have shifted significantly. The IRL meetups always help to reaffirm the path and give confidence in everything that people are building. If you are feeling rekt, try to go to an irl event. It will help 1000%!This period of time will likely shape and shift the landscape of NFTs. The magic that exists in these different communities is not going anywhere, and the people showing up everyday are not chasing .001 eth flips, but rather building long lasting relationships and helping to advance the tech.@DegenzNFT announced Degenz Code! It requires burning either the Degenz gold pass or the Degenz access pass to redeem the new Degenz Code asset with pixelated art that was created by @TimpersHD! There will be codes hidden throughout the Degenz universe, and holders will be able to use these codes to redeem art.We had @cemhah on to talk about the STUBS burn today featuring his work. There are two amazing pieces available. This week's mint is available for 2 days with an open amount of supply. If you have a STUBS mint pass you will be able to burn without any FOMO The RugDAO has 4 proposals open for voting right now, and voting is live for 3 more days!. The DAO is essential to advancing our decentralized efforts so please take part, go look at the proposals, vote, and maybe even think about submitting your own proposalGM! Hosted on Acast. See acast.com/privacy for more information.https://linktr.ee/rugradio

Its been a soft start in traditional markets with Nasdaq and S&P both down around 0.2%. Earnings report came in yesterday with headlines focused on Tesla reporting a 20% drop in net income and earnings from last year. Leveraged positions in crypto are getting liquidated, BTC down to $28k and ETH is hanging out around mid $1900's. It seems like the greed and euphoria was a bit high these past few days and this should be a good reminder that things are never up only.@rektmando sees this as a period of consolidation and speculates that we will be bouncing around the $30k & $2k range for both of the respective coins.Both the punks and apes are below 50 eth without any signs of recovery until the BLUR rewards farming ceases. Miladys up to around 2.5 eth floor but overall collections are bleeding out. The timeline is full of the $hitcoins and all of their splendor. $PEPE continues to be the talk with a slew of others joining in the whirlwindCryptopunks floor did not move during all of the crypto crisis, the black swan events AND, ETH moving violently across a tall range. Now we are seeing it slip and it all seems due to the effects of the BLUR rewards farming. The reward system creates a constant downtrend pressure by offering incentives for less than desirable trading behaviors.@punk9059 discussed the ratio of new participants vs the farmers in the Vortex of BLUR rewards not being healthy. The incentives are going to stay and people will keep playing the game. It is hard to see where this ends.We are currently at 8k active traders!? This is a tough stat, down from somewhere around 70k traders at the peak. However, the onboarding continues with things like Starbucks odyssey and @Sorare using blockchain to reach masses with no market trading involved.The stage imagines that the BLUR marketplace has a tough road ahead of it. The overall sentiment towards it has shifted on the timeline. There are still BLUR maxi's but the TL is negative and not supportive.Today Sothebys is opening up auctions to the "grail" collection from 3ac (RIP). Punks, Fidenza's and a ton of different desirable collectibles.@punk9059 points out that Sothebys is approaching this massive sell in a slow calculated way that will protect floor prices, the exact opposite of a clump sale scenario like we see on BLUR. They aren't dumping the 30 Fidenzas all at once because they understand collectibles and know that this would destroy the market value. They will sell things bit by bit over a longer period of time.Nakamigos announce an announcement that something is coming which led to a decent run in their floor.@johnkarp, who was made honorary Rug Radio Intern during the show, came on to talk about @The_Lost_Wallet. They are a quest based, story game project that has a Cryptopunk up for grabs out there somewhere in the lost wallet! They are also giving away a Nakamigo! Travel through different metaverses carrying out quests to get a chance at the Punk. Hosted on Acast. See acahttps://linktr.ee/rugradio

We started off weaker in traditional markets today, Interest rates are up on 10yr and 2yr. OSF speculates that we 'over rallied' and are just readjusting. The UK is still hovering around in double digit inflation numbers which is concerning from a macro view.Crypto saw a dip, ETH dropped back below $1900 but is above 2k at time of writing.The meme coins are the talk of the timeline. $PEPE is still all the rage and seem the doom dip just yet. Many degens made a quick bag on the back of the meme coins, but this is a reminder to degen responsibly. NEVER trade using funds you cannot afford to LOOSE!Yesterday we saw @franklinisbored close his account, essentially leaving the space and everyone hates to see it. The story seems to be around gambling and chasing that next shiny win. Protect yourself and your bags friends. Be careful, educate yourself and do more research than you think you should.The majority of banks in the US offer about .3% yield on savings. Apple just launched a new savings account that offers 4.15% ranking among the best offered in the market. They want to be the "top of wallets". You would think with crypto moving we would see a positive correlation with NFTs but it just hasn't happened. Apes and Punks are trading in the mid 50 ETH range. Most collections are down and the focus has been on coins vs. jpegs. We need more wallets to get involved and we need NFTs to be marketed the way that 💩 coins are to breathe some green back into the charts.Blur liquidity has made the NFT trading environment much different, and more like trading an alt coin... with pictures of course.We have seen CryptoPunks destabilize in a sense after having a solid floor price for around 8 months straight. @jackbutcher Opepen evolution was announced. It will be a free mint that uses AI for the art, sure to make use of Jacks unique perspective on pfps, value and community. Donald Trump dropped a new series to his collectible trading cards at $99 again, boasting about the sell out and and how huge of a success he sees it as already. The streets are saying that he will be on GM Web3 soon!?! wen?The space has rejoiced in watching highlights from Gary Gensler's visit to congress. He endured 5 hours of questions from the board and we were blessed with a ton of pro-crypto media to watch and rejoice on. If you haven't seen any yet, do yourself a favor and watch some. Do not forget to RECLAIM YOUR TIME!There is a clear agenda against crypto and ETH specifically with questions as to whether or not it is a security. The current state of regulation is forcing blockchain based businesses out of the U.S. which is bad news for the future of the tech within the states and the retail investors that want to participate.We were joined by @Pacemaker_NFT to discuss their digital art & culture brand's upcoming drop. They have some serious names involved like @fvckrender and @tilljagla! They already have manufacturing/shipping infrastructure in place for irl products along with a proven track record.GM! Hosted on Acast. See acast.com/privacy for more information.https://linktr.ee/rugradio

If you're keeping a close eye on the cryptocurrency market, you might have noticed that there isn't really a ton to report on the traditional market. However, it is earning season, so keep an eye out for the big companies' reports. Meanwhile, alt coins are rallying, so that's something to keep an eye on.But, for once, there is actually a lot going on in NFTs. Azuki has been in the limelight, and its FP got up to 14. The company has also announced an event in Las Vegas at Hakkasan. A blur airdrop farmer hit a bunch of bids on adukis and beans, which could affect things very soon. Additionally, Moonbirds announced they are releasing a $TALON token via nesting.In the world of NFTs, a Big Killabears mint is upcoming, and Memeland is releasing a new GM show. Sorare had some big rare card sells around 100k.However, amidst all this exciting news, there's also a lot of hypocrisy on the timeline. People are rallying behind these meme coins without any expectations, yet will FUD a project into oblivion if there isn't a roadmap, a promise, or some type of expectation isn't met.In other news, the stage set their Sorare lineups live on stage today. Tune into the stream to see who they chose and the laughs they had while doing it. We were also joined by the Smurf Society to go over their upcoming drop. They somehow secured a collar with the Daft Punk team! Plus, they just signed with Sorare to collaborate on the Smurf project. This is no small matter.All in all, it's been an eventful week in the cryptocurrency market. While there may not be much to report on in the traditional market, the NFT and alt coin space are certainly heating up. GM Hosted on Acast. See acast.com/privacy for more information.https://linktr.ee/rugradio

In the world of cryptocurrency, there are moments in between major macro events where the market tends to grind. Currently, we are experiencing one of those moments, and it's affecting different currencies in different ways. Bitcoin, for example, has dropped off a bit, with dominance dropping to 46.8 and dollar value under 30k. On the other hand, ETH is leading the charge, which could be in part due to the Shanghai upgrade going successfully and there not being any major sell-off after the event.The outlook for the market seems optimistic, with OSF predicting that things will continue to go higher through the summer without any clear path to falling lower. Even if the Fed raises next month, we are near the end of their hike cycle, according to most views.NFTs, on the other hand, have had a pretty ugly time since Friday. By Sunday morning, things felt like full capitulation, with the timeline full of doom posting. However, NFT NYC still had a heavy bullish sentiment, and there was a nice bounce into Sunday. Mando speculates that this could have been the peak capitulation for the times.Contrary to what most people believe, NFTs are not a levered bet on ETH, nor are they correlated to the price of ETH. Instead, they are attached to the volatility of ETH, with the layer of stability being the clear current correlation. NFT worlds are up over 2 ETH, with Pixelmon still outperforming and doing better than your favorite NFT project somehow.It's important to note that we are still in a bear market, despite seeing some recovery in the prices of the top crypto assets.In recent news, the latest STUBS artist on the show was none other than Cemhah, who lives in London and felt the magic of NFT NYC last week. He started as an art director, and 2-3 years ago, his friend told him about NFTs, which led him back into creating art of his own. He started on Tezos, then Solana with editions and such, getting on to SuperRare and all the major platforms.His current work has an ongoing story about the scammer. It isn't always easy to tell who is a scammer and who is not. Could you imagine taking a selfie with someone who scammed you and not knowing it? How different is it if you know they were the scammer?The Omega Runner team was on the show with Metaversal. Their team has specialized experience in creating actual movies from IP, whether it's from a book, a comic, or established art. This project isn't meant to fund production, and IP rights are actually offered to holders.GM Hosted on Acast. See acast.com/privacy for more information.https://linktr.ee/rugradio

This week's economic data has been closely watched, with both CPI and PPI indicating that inflation is coming down. The result has been a surge in the crypto markets, with Ethereum breaking into 2k and Bitcoin holding above 30k. These price movements suggest that investors are looking for alternative assets as they seek to protect their portfolios from inflation.While crypto is thriving, NFTs are struggling. Things are looking ugly, with red everywhere. Many NFT projects have seen their values plummet in recent weeks, and the outlook is not optimistic. However, there is one exception: a new PFP from 10ktf is coming out soon, which is a continuation of their collaboration with Gucci.ETH is currently experiencing a surge in value, which usually leads to a dump in floor prices. However, this time it's different. The rise in ETH's value is due to the $BLUR airdrop forming, which is driving up demand for the token.Unfortunately, not everyone in the crypto world is having a good time. Franklinisbored lost 2k ETH, and as a result, a bunch of apes that were leveraged to acquire this amount of ETH are also suffering. This is a reminder that the crypto world can be volatile and risky, and investors need to be cautious.On a more positive note, Fewocious was recently interviewed on a podcast, and the show was hosted from his studio in New York. Fewocious discussed the complexities of creating a generative art project using his extremely abstract art. This highlights the growing interest in the intersection between technology and art, and how blockchain is enabling new forms of creative expression.The past week has been eventful in the world of crypto and NFTs. While NFTs are struggling, crypto is thriving, with Ethereum breaking into 2k and Bitcoin holding above 30k. The $BLUR airdrop is driving up demand for ETH, and there is excitement about the upcoming PFP from 10ktf. However, Franklinisbored's loss serves as a reminder that the crypto world can be volatile and risky. On the positive side, Fewocious's discussion of generative art highlights the exciting possibilities that blockchain technology offers for artists and creatives. As always, investors should proceed with caution and do their research before making any investment decisions.GM Hosted on Acast. See acast.com/privacy for more information.https://linktr.ee/rugradio

Today's show was a vibe! With Mando missing, Farokh and OSF hosted the show live in person from the convenience of a hotel couch. They Brough good vibes and and celebrated the recent Bitcoin climb to 30k. The Shanghai upgrade is set go live soon and OSF thinks this will actually lead to a rally while Farokh sees it as a non event as far as price action is concerned. The new stubs artist was also announced but you will have to tune in to find out who it was! #rektovieGM! Hosted on Acast. See acast.com/privacy for more information.https://linktr.ee/rugradio