1 year Rektaversary 💀

Equities are holding steady, after experiencing a minor dip on Friday before rebounding to previous levels. Meanwhile, interest rates have seen a significant sell-off, with a substantial 70 basis point movement since the introduction of the banking crisis a few months ago. The current buzz revolves around discussions regarding raising the US debt ceiling, though OSF highlights that this topic has been extensively discussed in the past without any tangible actions taken.Crypto has been quiet with BTC and ETH hovering around the same levels.Payrolls are the next major macro event going into next Friday. The FOMC is also coming next month which could be a big one considering it could be the first time in over a year that the Fed might not raise interest rates. Look out for that in June.Alts have been trading poorly and ETH has acted like a stable, while Bitcoin has seen some lower numbers, threatening to dip below support, but then it just rips back to its norm.There are a number of short positions across all markets in stocks and bonds which could spell a massive reversal. It is generally agreed that the US will not default, with the key points likely being more in the direction of spending limits and how much gets spent & where going forward. Smart money is shorting, but most people are positioned for it. Mando points out that the contrarian position is that things are not as bad as they are being painted, and buying dips might be the big play as all dips are instantly being bought up."Builders spring. Crypto Summer" - this was a big takeaway from Veecon and a major quote from @jessepollackOSF imagines that we end the year with a new year-to-date high for Ethereum! How bullish are you?Quite a lot happened in NFTs over the weekend. Blur kicked off with BLEND dipping into new collections. There were some EPIC DUMPS coming throughout the ecosystem with this type of volume continuing to dominate.Sotheby’s auctions from 3AC happened with Punks, Fidenzas, Autoglyphs flying off the shelves. For the first time in a long time, NFTs were fetching prices above the expected price, stimulating activity in all of the respective collections.In celebration of the 1 year anniversary of Rektguy, the foundooors launched a website to accompany the collection. The site includes features like top collectors, largest sales, a Rekt wiki and individual profiles for collectors with badges that serve as accolades for various achievements in the ecosystem.VeeConThe Veecon conference remains unrivaled with rave reviews from all who attended. It was a smash hit with a focus on the actual conference, as opposed to the satellite events that seem to take the limelight during other major events of this caliber. Next year may be the last Veecon based on the initial befriends utility, so you don't want to miss it!Mando highlights the Gary V interview with decrypt and how the focus of the conference could have been AI, but blockchain is basically providing the rails for AI to ride on via provenance and proven ownership/creation.STUBSOur STUBS artist this week is @anzomez and the piece is titled “Hate My Mind When I’m Alone”. The piece tells a story through the imagery, and if you look into the different uses of imagery and piece them together you will surely be able to take something from it. His themes tend to be around sadness or disappointment and this piece is true to his art's sentiment.Don't forget to mint your free STUBS so you can claim the art on Friday!GMhttps://linktr.ee/rugradio