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 face
We 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?
TallyLabs
We 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!
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