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 Fuller
FCC 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:
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GM!
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