It’s been looking rather rosey in traditional markets. Friday markets closed higher on both the Nasdaq and S&P, and today things are unchanged but nothing is expected as tomorrow is the 4th of July, a national holiday in the US. 

Friday is the US payrolls number, so watch out for that as the reports have come in above expectations previously.

Crypto is doing well with Bitcoin sitting around $31,000 and ETH sitting in the $1,900 range. 

Coinbase stock is up 28% on the week. BlackRock's ETF filling is set to be a success with the big news being they have named Coinbase as their exchange of choice to do business; they still have yet to refile, while Fidelity has already restarted the process. 

The sentiment around NFTs is not great. As soon as ETH broke through $1,900, it seemed to spark optimism about it continuing to rally causing people to liquidate their assets in favor of greater returns, along with the perceived failure mints and reveals. Bored apes are now trading around 28-27 ETH with Mutants down in the 5-7 ETH range. Collections that were seemingly outperforming over the past week have just gotten hammered, and to add to the fire, Elon limited the amount of tweets we could read on our favorite platform. 

A major issue with the current PFP meta is with projects trying to duplicate what Bored Ape Yacht Club has done to achieve the success they have up to this point, when we have clearly seen this fail time and time again. The original strategy of working with the first generation being supported by companions, V2, a coin, 3 airdrops and a cheap hoodie is just simply not working. 

STUBS

We were joined by this week's stubs artist, the duo of @EM1T and @Raskalov who do urban exploration and climbing to sickening heights across the entire globe. Raskalov grew up in Ukraine exploring, climbing local trees, and anything else he encountered. The duo climbed the Giza pyramids, a 2100 ft tower in Shanghai, the highest heights in NY, and the Christ the Redeemer statue in Rio de Janeiro.

Em1t has gone against the grain since his youth, and being rebellious through art offers him the rush of climbing new heights while also offering something valuable to people. Em1t describes that his introduction to NFTs was through @SuperchiefNFT gallery where he made physical pieces and was advised to hop into the rabbit hole we all call home. Shoutout to ED!

GM!

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