GM Web3 ☀️Recap - June, 14 2023

Degenz Market Report by @osf_rekt and @rektmando

Another day of stocks up higher! Interest rates did sell off a little bit yesterday, possibly due to inflation numbers being priced in, but they did rebound already. 

Crypto had a very small bounce with BTC up to  26k and ETH in the same $1700 range. 

FOMC is today, if they pause rates this will be the first shift after many many months. The market is pricing in rate cuts for q4, although the FED has said otherwise in their commentary. Our hosts are expecting an uneventful meeting for the most part. 

A US judge blocked assets at Binance US in order to force negotiations; This is one of the first obstacles in front of the SEC's warpath to attack crypto.

NFTs

Azuki is having their Vegas event and they are holding it down for the "blue chips". $Meme drop is also incoming for the Memeland ecosystem and captains are holding strong around 9 ETH floor. 

A Fidenza traded at 130 ETH along with a few other notable Fidenza sales. 

The Blur token unlock is today with 7% of supply set to be released with the token currently sitting at $0.31. 

The Apecoin DAO council is making waves again with the upcoming election. Our favorite mutant @notthreadguy is running for a seat! It's tough to see the fruit of the council over the course of the last 6 months following the last election; We had promising elects, and threads full of ambition, but no real results that anyone can point to. The 25k per month salary is forcing some uneasy feelings on the community during this bear market when everything is down. 

FEWOCiOUS

Yesterday, Fewo announced his first collaboration with @adidasoriginals! Fewo joined us to share his experience of creating a huge canvas with linework of a kid in his room looking outside at the Adidas trefoil in Fewo's style. The shoe actually tells a story about the kids adventure and no detail is accidental, and the laces are of course blue with painterly clouds in fun Fewo fashion. 

Collect.adidas.com/fewocious has all of the information along with some amazing Fewocious visuals. The Fewos are coming out later this summer, and holders will have the opportunity to claim a wearable version of the Adidas sneakers!

GM!

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https://linktr.ee/rugradio