On today's GM Web3 episode, we learned that traditional markets had a volatile day, with a huge rally in interest rates that is being closely watched. This is significant because continued rate hikes are now being priced in, and the Fed's policy will be under heavy scrutiny.

On the other hand, crypto seems to be doing relatively well despite the volatility in traditional markets. BTC is currently at $25k and ETH is in the $1640s, with both outperforming traditional markets. The banking crisis, which is a global issue that started in the US, is not exclusive to US systems. In Europe, smaller banks are likely to face challenges as the same situation emerges.

In the world of NFTs, volumes have been slipping this week, with most things down 10-20% on the 7-day chart. However, Azuki and pandas have been relatively solid throughout.

In tech news, Open AI has launched Chat GPT4, which can solve more complex problems and offer more in-depth responses and solutions. This includes examples like drawing a picture of a website layout and having it built for you, one-click lawsuits to sue robot callers, and verifying ETH smart contracts.We learned about new use cases for AI that go beyond what we might typically associate with the technology. These include raising kids and matchmaking, which raises questions about where the line should be drawn when it comes to AI usage. Overall, there is a lot of interesting news and updates in the tech and financial industries, and it will be exciting to see how these developments unfold in the coming weeks and months.

GM

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