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" - Mando
BLUR 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.
STUBS
Today 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.
PizzaDAO
We 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.
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