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 sign

Stocks 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?

NFTs

Tons 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 @punk9059

DEGENZ

@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!

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