Equities were up on close yesterday, but we have given back some of the gains today with Interest rates also rising slightly. Today we had the reported retail sales number come in at 0.4% which was below expectations of 0.8%.

Crypto is also fairly unchanged, BTC above 27k and ETH has been holding in the $1800 range. $APE saw a positive reaction to the HVY-MTL rollout, but is still in the mid $3 range. 

There is a loom and doom narrative of the US running out of money and hitting the debt limit around June-July. This has caused bi-partisan talk about raising the debt limit, and made for some complicated negotiations. If the US were to default on its debt it would be a horrific event, things like double digits down in the stock market. Mando doesn't think we see it but it is the banter from the higher ups. 

Little more strength seeping back into NFTs. Mutant apes and pudgies were both added to the BLEND protocol. Many popular collections have seen a 5% positive move, a rally in checks up to 0.6 ETH and Opepens up to 0.25. A gold Ape traded for nearly $1 million, which is something we haven't seen in a while, especially on-chain. The wallet that acquired the ape is stacked up, and this their second Gold ape!

It is fairly apparent that $hitcoin season is fading. New contracts have a life cycle of hours and we are seeing things die out before they are even created. Hype cycles have lessened and the overall sentiment on the timeline is not loving the $💩 outside of every reply to every tweet. 

@punk9059 shared that there are only 2 revealed Opepens, and only 80 out of the entire collection were made by @jackbutcher himself. These have established immediate provenance and are already trading for 8-10 eth. Every opepen that hasn't been revealed has already been assigned to a rarity so despite not being revealed yet, the 1/1's and 1/20's are fetching premiums.

There was a tweet from BAYC stating that the HVY-MTL boxes will be revealing traits. Seems to have been received positively on the TL. 

Rektguy has been seeing some positive movement with volume and Floor price. 

Remember the royal edition Bugatti Asprey eggs? All 3 of them sold for 200k each

Ledger

We had @iancr from @Ledger on. Ledger recover is a product they have been working on for 2years now. Today release notes went out that mentioned the product, it got posted on Reddit and has received quite the reaction. Ledger recover is meant to help with onboarding, by helping to eliminate the fear associated with seed phrases and storing them securely. Ledger recover helps give peace of mind without compromising security. At $10/month It allows you to OPTIONALLY secure your funds. It is still self custody, your seed phrase is sharded and combined with three other custodians from three different continents. 

There is no backdoor. Your self-custody is not compromised. The phrase can only be put back together from sharing through your personal ledger. 

Probably 0

We had the @Probably0 crew on, with @fungibIes, @BCPadawan & @JustKidLash . The product was built out of a need from the space. The app gathers information from different projects into one source that is able to deliver push notifications to your mobile device via a tweet size message summarizing any and all updates from the projects. 

They are the first outside project to pass a proposal within the RugDAO and to integrate the $RUG token into their platform. 

).

Hosted on Acast. See acast.com/privacy for more information.

https://linktr.ee/rugradio