There is a lot happening. Macro is very very strong, and we’re at YTD highs with interest rates and equities almost in a price discovery phase. CPI is coming in tomorrow which will be a big number; if we are in line or beat, there will likely be a rally. We are also nearing the end of the FOMC which will reveal the plans of the Fed going forward and shape the latest market narrative. 

Crypto is not following suit. Everything is hunched and/or going lower with Bitcoin dropping into the 25k range, ETH in the 1700's,  and all of the alt coins have just been getting destroyed lately. 

It is a tough landscape, and Mando speculates that when we start to see new participants, they will likely create a new narrative to rally behind; Most coins and/or NFTs will have a very difficult time reaching their ATH's again. Diversity is not the winning play given this type of information. 

NFTs have been rising most of last week. It felt like Apes were going to hit 60 eth, and punks were creeping on local highs; This has all basically reversed and the collections have all fallen. There is some crazy red on the charts with collections like Cool Cats at 0.5 ETH which is tough to see. 

The grails auction at Sotheby's is set to continue. The expected top winner is the famous goose Ringer, with the auction anticipated to close with a final bidin the $2-3 million dollar range. 

@DegenzNFT is getting a revamp that is going live today, expect some big changes on their website layout, interface and more.

STUBS

Today we introduced our latest STUBS artist @ClownVamp.  He is an AI artist that was born a vampire. NY based, which is an odd place for a Vampire, he has a body of work that imagines a fake retrospective of a gay artist that existed in a time when virtually zero art reflected this lifestyle. 

His work is always telling a story and expressing his love for visual art, all while being empowered by the new wave of AI. 

The Men of The Dance is the STUBS piece that will be redeemable on Friday. This is a part of his fake career series from the perspective of Chester Charles who was partial to his male subjects and making art in the 1930's.

He has an exhibit in NY at the Oculus in NY! Tickets are still available! 

GM!

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