Market Updates

It continues to be a very strong backdrop for the US stock market. Equities are up slightly AGAIN today, and we must be very near the ATH's for both the Nasdaq and the S&P. Tesla earnings are coming in today which tends to be a signal for other stocks like tech & meme categories. Crypto is still lagging, Bitcoin is back up above 30k, but due to being outperformed by alts, Bitcoin dominance has weakened. News came out yesterday that the US sold half of its Bitcoin from the Silk Road. The price seems to be teetering between the latest headline and the expected run up. Our hosts Both believe BTC is ready to rip but it's unknown when it will actually start to move.Analytics have pointed to the amount of short holders that were in profit after this rally and there is still some overhang there. The same massive miners selling off are also a part of the ongoing conspiracies around the stagnate coins.Futureverse, a metaverse startup, raised 54M from 10T Holdings, Ripple Labs. It's been some time since we've heard of any metaverse raising any significant amount. This is all a part of Fluffworld and their crazy rabbits.NFTsWe've seen a couple more Hoodie punks trade, causing the most noise in volumes. Azuki has been looking really rough lately, there was a massive holder who dumped 50 Azuki's into bids yesterday, not helping the floor one bit.Doodles shared details on their CAMP efforts, and are opening a huge activation in San Francisco. @Ed_Balloon has an upcoming drop on @ProhibitionArt with a chance to win some vinyl for music enjoyooors. Check official sources for info on the legend. Reign of TitansWe were joined by Adz from Reign of Titans, the first NFT initiative from Anheuser-Busch! It is a game using collectible assets and is the first sight of a Fortune 500 company getting involved in web3.The game has different modes, including a PVP mode. The collection is intentionally minted on Solana because of the value they found in the SOL community. It's incredible that a massive publicly traded company with millions and millions of customers is focusing on a small community of 5 thousand. This is a testament to the validity and importance of brand to consumer relationships and how powerful that bond can become inside of web3!GM! Hosted on Acast. See acast.com/privacy for more information.https://linktr.ee/rugradio