Friend tech?, Creepz, Stubs!

In today's episode, we dive into the financial world, where interest rates have surged to 20-year highs in 10-year treasuries, a rather unusual situation given the state of equities. Our hosts discuss how this might not bode well for the overall crypto market, with rising interest rates potentially impacting investor sentiment.Despite some exciting news in the crypto space, such as the recent developments in Ethereum, the market seems to be treading water since the recent sell-off. The highly anticipated approval of a BlackRock ETF is on the horizon, but it's not expected for several months. This delay could explain why some investors are cashing out their profits, expecting a bit of a wait before the ETF's impact is felt.The macroeconomic focus is currently on China and interest rates, with data suggesting that both stocks and cryptocurrencies may be oversold. There's a growing sense that a bounce might be in the cards, especially considering that Bitcoin recently hit its lowest RSI levels ever.However, our hosts issue a word of caution regarding leverage. They highlight that expected volatility could return to the market in a way it hasn't in quite some time, urging listeners to approach trading with care.Shifting gears, the discussion turns to "Friend tech," the latest trend in the crypto world. It's intriguing to note that 80,000 wallets have traded shares in some capacity in just the past 11 days. While it's not quite a Ponzi scheme, it bears some resemblance, but our experts see potential use cases for this emerging trend.The podcast also features guest appearances. Joe and Repjar from the Overlords/Creepz Community, joined the conversation, showcasing their unique NFTs and artworks.Lastly, they welcome Michael Kutsche, a German-born artist who combines fine art with glitch style and 3D elements. His STUBS piece, titled "Onward," is set to be available for the burn this Friday, promising an exciting addition to the NFT art world.That wraps up this episode's summary, where we've delved into the complexities of interest rates, the crypto market, and the fascinating world of NFTs and digital art. Stay tuned for more insightful discussions in future episodes!GM! Hosted on Acast. See acast.com/privacy for more information.https://linktr.ee/rugradio