We are SO BACK! 

On Friday, the market closed strong; today, however, equities have remained mostly unchanged. Looking ahead, the FOMC begins tomorrow and will conclude on Wednesday with the announcement of the interest rate hike decision and their plans in light of recent data. Given the Fed's priority of maintaining stability, it's unlikely that any major drama will unfold.

Crypto is heavy with BTC down to $28k and ETH down in the $1800's. The $hitcoin market is booming, $PEPE has been on absolute tear over the weekend without any Monday sell-off. Stay cautious as always and don't spend anything you cannot lose. (Monday dump has ensued since writing this, I love crypto)

To those with a bag, don’t be afraid to realize profits and take some off the table. It always feels good to profit.

The number of holders is up big and the data points to a lot of holders that are holding a profitable bag. This usually means that there is a consolidation period set to happen, but..... this is Pepe! The strongest meme in the world, and the strength could push the market cap to unheard of highs. If this was a different coin it would likely be dumping by now. The longer it is sustained, the less you can fade it but you still need to time your entries. Huge swings can and will happen, brace yourselves!

Blur & Venmo Announcement

Blur announces Blend, a peer-to-peer perpetual lending protocol for NFTs. The platform will allow levered long positions while still earning yield? The perpetual factor means there is no expiry to the loans which is definitely a new approach to lending in NFTs. 

Venmo announces they will support crypto transfers within the app which is a progressive move in the right direction. You could previously purchase crypto on the platform but not move it in or out, a much needed upgrade to the platform. 

Consensus in Austin

Last week was Consensus 2023 in Austin, Texas! Rug Radio held an event that was a huge success. GM Web3 went live on the Consensus stage on Friday, check the replay to get the IRL show vibe. @SamEwen, Head of Coindesk joined the stage today and threw some flowers back at Farokh and the crew.

Stubs Artist #6, Victoria West

Today we announced the 6th STUBS artist, @vwestphoto_nb! Victoria shared her story of trying to get on Foundation with early struggles of having two early pieces banned on the platform. She is a photographer but also a digital artist! She describes her art as her diary, and a personal form of expression. She combines photos she takes and modifies them to create beautiful works of art that tend to have a statement reinforcing them.

The Pepe and the Princess is the piece she chose for the STUBS mint which just happens to be totally in the META given the crazy $PEPE pump. The piece was set to be a STUBS mint weeks ago, it just happens to be that a frog coin has taken over the timeline, LFG!

GM!

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