Welcome to the GM Web3 podcast, where we dive into the latest happenings in the world of finance and technology. Today's episode is packed with exciting updates:

Equities are off to a strong start with the S&P up by 0.6% and the Nasdaq surging by 1%. Interest rates are still a hot topic, with recent retracements from yesterday's peaks. While the Fed FOMC meeting is on the horizon, this month, we have the Jackson Hole event, historically a significant moment for the Fed, known for sparking extensive commentary. Last year was a bit of a letdown, but this time, there's something brewing.

In the crypto world, there's the usual Binance FUD, but it appears to be centered around rumors. Binance has been making headlines for teaming up with MoonPay after grappling with banking and access issues.

On the ETF front, we're still waiting for a decision. The tech world is buzzing with anticipation as NVIDIA prepares to unveil its earnings report today. NVIDIA plays a pivotal role in tech stocks and the NASDAQ, being the sole producer of the LM chips crucial for recent AI advancements, such as ChatGPT. Everyone's eyes are on this stock, eager to find out just how much they've raked in.

But that's not all. We had the privilege of hosting @dalegre, the CEO of Yuga Labs, on the show. He's had an impressive journey, transitioning from his COO role at Blizzard Entertainment to becoming a key player in the web3 space. With a background that spans Google, Activision, and the gaming boom triggered by Covid, Dale shared his insights into web3 and the Yuga Labs story.

In his own words, "It is so important for a company to have a healthy culture," and he's passionate about building culture on the blockchain.

Dale dropped some intriguing hints about developments in Europe, although it's not related to Apefest. He also shed light on MEebits, hinting that holders are in for something special in the coming months. Stay tuned for more updates!

This episode is a whirlwind of financial insights and crypto revelations, so don't miss out. Tune in to GM Web3 and stay ahead of the curve in the ever-evolving world of finance and technology.

Gm!

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Welcome to GM Web3, your go-to podcast for the latest updates in the world of technology, stocks, and crypto. In our latest episode, we've got a lot to cover, so let's dive right in.

First off, the stock market had an excellent day recently, thanks in large part to a rally in chip stocks. British chip makers saw a significant boom, and tech stocks are following suit. However, there's some concern as we approach year-to-date highs in interest rates. Keep an eye on this development as it could impact the market.

Now, shifting our focus to the crypto world, things are pretty much where they were yesterday - not great. However, there's an interesting twist as a whale deposited a whopping 15 million after the recent crash and is extracting ETH at a slower but still impressive pace. The crypto market is always full of surprises!

In the tech realm, Friend tech is still dominating with over 100k signups, despite a slight decline in volumes. It's clear that the tech community is thriving.

And for all you crypto enthusiasts, don't forget it's still on-chain summer for another month, so let's make the most of it!

Now, for a bit of crypto drama, Shibarium is set to relaunch after locking away millions in ETH, never to be recovered. Keep an eye on this space for some exciting developments.

In this episode, we had the pleasure of welcoming @qbuttonphd, our new VP at Rug Radio. She's already making waves and shared her vision and journey to this point, giving us a glimpse into what's in store for the future.

But that's not all, folks! We were also joined by the legendary Sam Spratt, the creative genius behind Lucy and the recent Monument game drop, which sold out in the blink of an eye. Sam shared insights into his creative process and teased us with what to expect from the upcoming "game." It's truly an epic listen for any fan of art and culture.

So, whether you're into stocks, crypto, tech, or art, this episode has something for everyone. Tune in and stay updated on the latest happenings in the exciting world of Web3. Let's keep riding the waves of innovation together!

GM!

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In today's episode, we dive into the financial world, where interest rates have surged to 20-year highs in 10-year treasuries, a rather unusual situation given the state of equities. Our hosts discuss how this might not bode well for the overall crypto market, with rising interest rates potentially impacting investor sentiment.

Despite some exciting news in the crypto space, such as the recent developments in Ethereum, the market seems to be treading water since the recent sell-off. The highly anticipated approval of a BlackRock ETF is on the horizon, but it's not expected for several months. This delay could explain why some investors are cashing out their profits, expecting a bit of a wait before the ETF's impact is felt.

The macroeconomic focus is currently on China and interest rates, with data suggesting that both stocks and cryptocurrencies may be oversold. There's a growing sense that a bounce might be in the cards, especially considering that Bitcoin recently hit its lowest RSI levels ever.

However, our hosts issue a word of caution regarding leverage. They highlight that expected volatility could return to the market in a way it hasn't in quite some time, urging listeners to approach trading with care.

Shifting gears, the discussion turns to "Friend tech," the latest trend in the crypto world. It's intriguing to note that 80,000 wallets have traded shares in some capacity in just the past 11 days. While it's not quite a Ponzi scheme, it bears some resemblance, but our experts see potential use cases for this emerging trend.

The podcast also features guest appearances. Joe and Repjar from the Overlords/Creepz Community, joined the conversation, showcasing their unique NFTs and artworks.

Lastly, they welcome Michael Kutsche, a German-born artist who combines fine art with glitch style and 3D elements. His STUBS piece, titled "Onward," is set to be available for the burn this Friday, promising an exciting addition to the NFT art world.

That wraps up this episode's summary, where we've delved into the complexities of interest rates, the crypto market, and the fascinating world of NFTs and digital art. Stay tuned for more insightful discussions in future episodes!

GM!

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Welcome back to GM Web3! In today's episode, we'll dive into a recap of the latest market movements and trends, covering everything from traditional markets to the exciting world of cryptocurrencies.

Starting off with the traditional markets, it seems like there wasn't much positivity to report. Equities closed lower yesterday, and oil also experienced a downward trend. However, there's a glimmer of hope as jobless claims came in slightly below expectations today, offering a potential silver lining amidst the market fluctuations.

Shifting our focus to the crypto space, we've seen some noteworthy developments. Crypto is in motion, though unfortunately, it's been a downward trajectory. Bitcoin (BTC) has dipped to 28,000 dollars, while Ethereum (ETH) has seen a decrease down to 1,780 dollars. Interestingly, alternative cryptocurrencies (alts) have managed to hold their ground relatively well. The prevalent selling seems to be BTC-driven, raising questions about the factors contributing to this movement.

One potential influence on the crypto market's downward trend is China's efforts to counteract the selling in their own stock market. Concerns over the Chinese economy might be one of the drivers affecting the broader crypto landscape.

In a special segment, we're joined by Punk 9059 to delve into a fascinating topic: the rare occurrence of an NFT project experiencing a 50% floor dump. Despite witnessing significant drops across various NFT collections, instances of such drastic shifts have been relatively infrequent in such a short span of time.

Our discussion also highlights the concept of "hot potato dumpenomics," which is becoming increasingly evident in collections like Degas and Blur bid. It seems like a race against time to exit positions before major holders initiate their own dumps. This dynamic creates a snowball effect, or perhaps more aptly, an avalanche, as selling pressure builds upon itself.

As we wrap up today's episode, it's clear that both traditional markets and the crypto world are experiencing their share of challenges and exciting developments. Be sure to stay tuned for more updates and insights on the ever-evolving landscape of global markets and cryptocurrencies. Thank you for joining us on GM Web3]!

GM!

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Equities didn't to have great day yesterday, we are opening a slight bit higher today. Small jolts expected until the next major major event. 

Crypto saw a massive 1% move in ETH!!! unfortunately it was lower, but luckily it wasn't much of a move at all. 

The CFTC approved coinbase as a merchant, which is a bullish positive in the fight against security regulations. 

Machi's Degods position is causing all the feels to surface on the timeline. People that genuinely want to enter the ecosystem are sharing the sentiment that they are "waiting for machi to sell". This is tough as the floor has been grinding lower ever since the season III announcements 

There was a stat that 200 million dollars has been paid from Bitcoin longs to bitcoin shorts since the top of the year. Volatility is at an extreme low. The majority of trading seems to be in alts and Shxtcoins. 

Mando recommends bridging over to Base as there is tons of activity and that doesn't seem to be going anywhere. 

Deflation coming out of china is being exported, causing a spiral that isn't great for the rest of the worlds markets. Blame is being placed on the FEDs recent approach. 

All the major trading bots with tradable coins seems to be doing well. $NONE who was on the show last week has seen a near 50% increase since. 

9059 dropped an NFT bluechip index recently, what collection do you see as a blue chip?

GM!

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Not really a pretty day today, we undid the progress from yesterday in stocks roughly 75%. Interest rates are something to watch out for, it seems like we are selling off. the markets are more in line with the narrative of the FED as opposed to the standoff we were eexperiencing earlier this week. 

Crypto doesn't have much to talk about, we have been in a tight 10pt range with out much action. BTC and ETH are experiencing their lowest volumes in a long time. The Alts have also seemed to pull back today, likely some profit taking going on there. 

The FCC ETF approval is rumored to happen in 2024, but OSF points out that even at the point it could take more time. 

The Sam Spratt news has been taking over the timeline. He is launching the Monument game and releasing different hints and bits of information. It is all set to be an interactive chapter in Lucy's story, where members of the council have selected people to play. Very little information has been released yet but he is set to be on the show next week. 

Machi has accumulated over 200 Degods at this point. This is also following the excessive FUD they have received following the season III announcement. It seems to be a question at this point of who is holding a major bag. 

Yesterday Reptjar, a community member of the overlord creeps, made a proposal to farokh to change his pfp to a creep in exchange for a tattoo of farokhs punk on his arm. 

Argentina is looking to get rid of their native currency and adopt crypto to transact. Many currencies are collapsing against the dollar. It's interesting to see a national currency fail and create a lane for Crypto, very far from ideal but it has created an avenue none the less. 

Europes first spot bitcoin ETF lists in Amsterdam, great news. 

Zynga stepped into web3 gaming, which is huge as they are a billion dollar mobile gaming company. 

We had Amanda Cassatt on stage to join us. she started contributing to the space in 2015! she was CMO at Consensys during the time that Ethereum was introduced! 

"The market is an aggregation of vibes" 

"Getting people through the bear market is something we can all do together." 

- Amanda

She blessed us with some amazing insight and quotes along with a perspective that this the best possible time to be building. 

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Let's Crush this week! 

Equities are up today, interest rates are selling off with 2years treasuries reaching their highest levels since the end of July, very close to long time highs. Crypto remains unchanged, but there is some coins seeing some positive activity in the alt world. 

Are you Pre-Rich? Do you have your bags packed for the upcoming run? the type of bags that will send you into retirement if everything works out? Consider it.

China is quietly blowing up., there is a huge developer that is set to default soon. Most of the world is experiencing inflation but China is experiencing deflation. Their markets have been in a slump, and they may be in line for recession. 

New layer 1 is incoming with a massive market cap that hasn't been seen since arb/opt. 

Degods season III was all the talk this weekend, some major whales have sold off and the floor has dropped off a bit as might have been expected. 

$APE coin has risen back above $2.00, and machi is amassing his collection of apes along with a huge position in the coin itself. 

has anyone heard from the Azuki team? 

Milady has been on a consistent upwards push and is set to flip most peoples favorite collections if it continues. 

Coca-cola is dropping an NFT, but believe or not this is not their first drop. Their last drop fetched over half a million with a fridge attached and donations going to the special olympics. 

We had @coryvanlew on to share some insight into his New art approach, using oil paints for his physicals instead of acrylics. The real purpose for his presence was his STUBS drop which is actually a short animation depicting a friend of his asleep with his lady on the couch. The STUBS piece will be a first as it will require 25 stubs to burn for his piece, making STUBS history. 

We also had @fewocious on to drop some alpha on the upcoming Fewo's. Oddly enough, the upcoming project might be a giant Fridge collaboration with Cory, Rug Radio and OSF. Bringing Cold storage to a home near you.

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An awesome Friday show featuring Gfunk from Pixelvault and VFG to discuss RebootGG and their recent acquisition of Wolfgame. We had the peoples favorite co-host Mika bringing the best vibes possible and the stage discussed the latest social blockchain app friend tech.

We also had a fairly spicy conversation about the recent announcements and updates from the Degods season III drop. With some mixed feelings and possible lines being crossed the debate had came from a handful of perspectives and shed some light on the overall sentiment.

GM!

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Inflation came in slightly below the expected number and slightly higher than the previous month. This all seemed to be priced in and the markets are up again today approaching ATH's again. 

Crypto still does not want to move with the Macro up swing. It continues to feel like an inverse relationship as we move opposite to whatever equities are doing. Mando still thinks over the next 3 days we could break 30k on BTC.

"This feels like this might be the one where we are back"

- Mando

Aptos announced a partnership with Microsoft to build out AI tools. 

Base was launched, Coinbase's own blockchain, which has mainly spurred on the shitcoinery. There is an open edition drop today from @CozomoMedici and @deekaymotion, with the intent to bring on "the masses". Our Hosts encourage you to bridge, as many new chains in the past have rewarded earlier users who did a simple act like bridging in. 

Yesterday Degods announce the y00ts are migrating to Ethereum and returning the 3 million dollar grant from polygon. 

Degods themselves will now be able to change their artwork to 4 different images via the metadata. Mando is slightly underwhelmed based on the hype leading into it and the floor has dropped from the 9 eth local high.

GM!

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Yesterday we had a good day in traditional markets and today we have reversed those gains. The banking sector has downgraded a bunch of banks as the banking crisis continues. There is also some trepidation leading into the inflation figure this Thursday. 

Mando thinks this going to continue to be the most hated rally and it may continue to rip through the rest of the year. Unfortunately, this might not impact the crypto world quite as much. 

Sunday we get the decision on the approval for Kathy woods ETF. Consensus is that it will not be approved as it has not been an easy path to approval up to this point. 

Tomorrow is the Degods Season III, at least that is the story, we all know that Frank is known for a proper Delay. The floor is currently sitting at 9 eth, and our stage speculated on whether or not the collection will save the NFT space. 

LinksDao is accepting new members. This is the same project that raised 10 million to purchase an a dual golf course. 

The monetization initiative has stirred up emotions. The meta is now chasing reply's and making meaningless content in order to grab impressions for the void. The quality of content on the Timeline has decreased dramatically, and despite seeing people getting paid, nobody seems to be enjoying the new scroll.

GM!

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