GM Web3 had an eventful show today, and here is the recap. Firstly, another measure of inflation came in below expectations PCE, which is good news for the inflation narrative. BTC and ETH are experiencing a pump, and OSF is passing the brew and the Hopium around. Interestingly, BTC dominance has dropped today without an apparent reason.

The hosts predict a god candle weekend, but they advise to DYOR. Ian C Rogers came on to talk about the recent raise that happened with Ledger. He shared that during the SVB breakdown, he learned the best lessons in bitcoin available. He believes that digital value needs to be workable and integrated into our everyday lives. Ledger will now have a fee-free trading day once a month on the Ledger live network. Most people are not aware that they can trade crypto on ledger live. However, the advantage of using ledger live is that your trade is on-chain, which means you sell your assets and become an owner, not just a number on a CEX spreadsheet. Ledger also plans to support different connect kits for various wallets across the network. They encourage favorite Dapps to sign up and integrate Ledger Extension. They stress that security should be taken seriously and that nobody should be requiring a blind signature to use their products collectively.

The taproot wizards have over 4k videos submitted for the wizard shower videos creating a viral trend in the bitcoin ordinal and web3 timeline. Big ups to Udi Wertheimer for making magic. 🪄

Degods migration to ETH is the headline of the day, and their floor is up to 9 ETH! They also announced that @blur_io is their partner in migration. Y00ts are up to 2 ETH, with most of the volume still happening on Magic Eden. Rekt mando points out the mastery of Frank degods marketing tactics. People are going absolutely nuts on the news of a contract migration, which is usually a non-event for any other project regarding price action.

Interestingly, Trump was indicted, and his NFTs rallied on the back of that.

As a founder, one is usually chasing the hype, but once they get it, they better watch out. There is usually a painful sharp drop off afterwards.

Lastly, today is the first BURN for STUBS! GDR is our first featured artist, and there are two different editions, one that requires a burn of 3 STUBS and the other for 1 STUBS. Four people who burn for the GDR piece will win tickets to Consensus in Austin, TX! to be selected.

Ian C Rogers on @ 25:28

Burn event starts @ 1:11:10

GM

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