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

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