The information in this message does not represent any financial or investment advice. They're just random thoughts in my head.
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MACRO - Futures are a touch lower this morning with SPX and NDQ down 0.2% and 0.3% respectively to start the day. Interest rates still linger out at recent highs with 2Y still anchored around 4.91%. Something to be wary of on a macro scale here is the Russia/Ukraine situation; this morning there are claims from Zelenksy that Russia has planted suspected explosives on roofs of a nuclear power plant in Ukraine. This comes after repeated warnings from Zelensky of a potential nuclear disaster which some fear could lead into something bigger. Again, I'm no geopolitical expert and it's tough to judge what is true and what is fake; even your local media might be feeding you propaganda; but most importantly I think it's something to be wary of for potential macro volatility.
CRYPTO - Continued consolidation at these levels with BTC continuing to claim 30.8K while ETH lost some steam yesterday to fall to 1932; altcoins followed suit there. I think we are still at an inflection point but I suppose it's good to see some sustained consolidation up close near to the psychological resistance points everyone is talking about. I was wondering whether a nuclear war would be good or bad for crypto; I feel like it would definitely cause BTC dominance to surge but I'm not sure if that comes as a result of higher or lower BTC prices. We'll have to wait and see what happens here but it's a little disappointing not to get the "take off" from 31k BTC that I was allegedly promised.
NFTs - So it looks like not only did yesterday's bounce in NFTs hold, but we've actually even rallied some more with things up another 5-15% across the board and Azuki Elementals outperforming to climb 22%. The underperformer has been BAYC which sits at a 29.69ETH floor but it appears people are happy to continue adding in the lower priced NFTs. It would indeed by nice if this was truly the bottom and it may well have been as I've never seen sentiment as low as it was a few days ago. One thing that is quite incredible to me is how there are still people here showing up every day and interacting even though there are a lot less of us. We did see some big Art Blocks sales yesterday with a 72.5ETH Fidenza sale and a 28.5ETH Squiggle sale. Let's see how things progress going forwards and if this bounce can truly hold.
REPORTS - Today we focus our attention on Sam Spratt, but who is he? Sam Spratt is an artistic virtuoso, and a maestro of the digital canvas. His remarkable creations have been showcased in renowned publications such as Time, Rolling Stone, and The New Yorker, and has worked with the likes of Logic, Donald Glover and Netflix. However, Sam has turned a new Web3 leaf in his artistic journey with the creation of Luci. Prepare to be mesmerized, prepare for our report which will explore everything he has achieved in this space and beyond.
GL today