FOMO HOUR: A Daily Crypto & Web3 News Show

Latest Episodes:

After the big Apple | Stubs artist #4! Apr 17, 2023

Show notes

In the world of cryptocurrency, there are moments in between major macro events where the market tends to grind. Currently, we are experiencing one of those moments, and it's affecting different currencies in different ways. Bitcoin, for example, has dropped off a bit, with dominance dropping to 46.8 and dollar value under 30k. On the other hand, ETH is leading the charge, which could be in part due to the Shanghai upgrade going successfully and there not being any major sell-off after the event.

The outlook for the market seems optimistic, with OSF predicting that things will continue to go higher through the summer without any clear path to falling lower. Even if the Fed raises next month, we are near the end of their hike cycle, according to most views.

NFTs, on the other hand, have had a pretty ugly time since Friday. By Sunday morning, things felt like full capitulation, with the timeline full of doom posting. However, NFT NYC still had a heavy bullish sentiment, and there was a nice bounce into Sunday. Mando speculates that this could have been the peak capitulation for the times.

Contrary to what most people believe, NFTs are not a levered bet on ETH, nor are they correlated to the price of ETH. Instead, they are attached to the volatility of ETH, with the layer of stability being the clear current correlation. NFT worlds are up over 2 ETH, with Pixelmon still outperforming and doing better than your favorite NFT project somehow.It's important to note that we are still in a bear market, despite seeing some recovery in the prices of the top crypto assets.

In recent news, the latest STUBS artist on the show was none other than Cemhah, who lives in London and felt the magic of NFT NYC last week. He started as an art director, and 2-3 years ago, his friend told him about NFTs, which led him back into creating art of his own. He started on Tezos, then Solana with editions and such, getting on to SuperRare and all the major platforms.His current work has an ongoing story about the scammer. It isn't always easy to tell who is a scammer and who is not. Could you imagine taking a selfie with someone who scammed you and not knowing it? How different is it if you know they were the scammer?

The Omega Runner team was on the show with Metaversal. Their team has specialized experience in creating actual movies from IP, whether it's from a book, a comic, or established art. This project isn't meant to fund production, and IP rights are actually offered to holders.

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https://linktr.ee/rugradio

Burn day live from Fewocious studio in NY Apr 14, 2023

Show notes

This week's economic data has been closely watched, with both CPI and PPI indicating that inflation is coming down. The result has been a surge in the crypto markets, with Ethereum breaking into 2k and Bitcoin holding above 30k. These price movements suggest that investors are looking for alternative assets as they seek to protect their portfolios from inflation.

While crypto is thriving, NFTs are struggling. Things are looking ugly, with red everywhere. Many NFT projects have seen their values plummet in recent weeks, and the outlook is not optimistic. However, there is one exception: a new PFP from 10ktf is coming out soon, which is a continuation of their collaboration with Gucci.

ETH is currently experiencing a surge in value, which usually leads to a dump in floor prices. However, this time it's different. The rise in ETH's value is due to the $BLUR airdrop forming, which is driving up demand for the token.

Unfortunately, not everyone in the crypto world is having a good time. Franklinisbored lost 2k ETH, and as a result, a bunch of apes that were leveraged to acquire this amount of ETH are also suffering. This is a reminder that the crypto world can be volatile and risky, and investors need to be cautious.

On a more positive note, Fewocious was recently interviewed on a podcast, and the show was hosted from his studio in New York. Fewocious discussed the complexities of creating a generative art project using his extremely abstract art. This highlights the growing interest in the intersection between technology and art, and how blockchain is enabling new forms of creative expression.

The past week has been eventful in the world of crypto and NFTs. While NFTs are struggling, crypto is thriving, with Ethereum breaking into 2k and Bitcoin holding above 30k. The $BLUR airdrop is driving up demand for ETH, and there is excitement about the upcoming PFP from 10ktf. However, Franklinisbored's loss serves as a reminder that the crypto world can be volatile and risky. On the positive side, Fewocious's discussion of generative art highlights the exciting possibilities that blockchain technology offers for artists and creatives. As always, investors should proceed with caution and do their research before making any investment decisions.

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BTC @ 30k!! live from NYC Apr 11, 2023

Show notes

Today's show was a vibe! With Mando missing, Farokh and OSF hosted the show live in person from the convenience of a hotel couch. They Brough good vibes and and celebrated the recent Bitcoin climb to 30k. The Shanghai upgrade is set go live soon and OSF thinks this will actually lead to a rally while Farokh sees it as a non event as far as price action is concerned.

The new stubs artist was also announced but you will have to tune in to find out who it was! #rektovie

GM!

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NFT NYC Apr 10, 2023

Show notes

It's NFT NYC week, and the excitement is palpable in the crypto world. This week, there will be new artists and creators showcasing their unique and innovative works. Among these new artists is the Stubs artist, whose creations are expected to be a highlight of the event.

Last Friday, the markets closed on a quiet note, and today, Apple is in the headlines. The weak open to the markets today can be attributed to the bond yields going higher on the recent jobs numbers that came in line with expectations. Despite this, the markets have been relatively stable, and there hasn't been much volatility leading into the Shanghai upgrade, which is set to take place in two days.

Staked ETH will now be able to trade, and roughly about 20% of the supply will become available. According to Mando, this will likely be priced in, and there hasn't been much movement in the markets leading up to it. However, the upgrade is expected to be the spotlight for crypto this week, and many are looking forward to seeing how it unfolds.Bitcoin continues to outperform ETH through the year, sitting about 15% better from the beginning of the year. This seems to reinforce the priced-in narrative, as many investors are bullish on Bitcoin's future.

Meanwhile, the Nakamigos have risen back up to .7 eth, and there have been some interesting developments in the NFT world. The Blur farming continues with a brutal 30 punk dump, and 100 rektguys were purchased and dumped. On the other hand, Azuki is up, and spirits, golden skateboards, and more are selling for massive amounts of eth. Milady's is also seeing a proper pump, which is a positive sign for the NFT market.

Overall, the crypto world is buzzing with excitement, and all eyes are on NFT NYC this week. With new artists and creators showcasing their works, and the Shanghai upgrade set to take place, this week promises to be a memorable one for crypto enthusiasts.

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https://linktr.ee/rugradio

Wen Castle Party? Apr 07, 2023

Show notes

Yesterday's US jobs figure came in just about as expected, with a slight miss of about 2,000 jobs. Despite this, there was little market reaction, and BTC is currently trading just shy of $28,000, while ETH hovers around $1,860. With both the US and Europe on a long weekend, there is an expected quiet time in the markets.

Meanwhile, in the world of NFTs, there is some speculation that someone traced an IP to Montreal in regards to Nakamigos causing a pump. The identity of the person is still unknown, but it is interesting to see how community speculation can shape market trends.

On a more positive note, we were joined by Trevor Jones and the Makers Place team to talk about the Castle party, which is being held in memory of the late Alotta Money. This event is not only an exhibition, but also a charity event to raise awareness for new artists and the legacy of the legendary crypto artist, Alotta Money.

During the discussion, Basileus talked about the base layer of fun behind Alotta Money's art and life in general. They even touched upon his final days, emphasizing the importance of living life to the fullest and leaving a positive impact on the world.

As for the traditional markets, there was a weaker tone today, with gold dipping off from highs. Oilil is currently above $80 per barrel, which is notable. The banking system is still in hot water, and bank stocks have continued to suffer as a result.

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The Great Decoupling Apr 07, 2023

Show notes

The cryptocurrency market saw a slight retracement today, likely due to the looming news of the Shanghai upgrade that is incoming. However, traditional markets seem to be having a weaker tone today as well. On the other hand, gold dipped off from yesterday's highs, and oil is currently above $80 dollars, which is notable.

The job market has been under scrutiny as the market expects Powell to pivot in case there is any sign of weakness. Bank stocks have continued to get hammered, and the banking system is still in hot water.

In other news, other deeds have dipped since the decoupling, which essentially refers to another 100k NFTs from Yuga. One set has decoupled assets, another has artifacts, and one has a set of 10k Kodas. This increase in supply does increase the market's supply, but there is also a splitting effect.

The job market has been under close watch as the Fed considers raising interest rates. The lowest labor market number since 2021 was reported recently, indicating that things may be slowing down. This gives more power to the Fed to raise rates, which is a factor that could affect the crypto market as well.

Interestingly, crypto feels like it is more correlated to gold and interest rates as opposed to the actual stock market. The correlation is even stronger considering the recent retracement in the crypto market due to the looming news of the Shanghai upgrade.

Bank stocks have been hit hard in the market, with the banking system still in hot water. If there is any indication of the job market showing weakness, the market expects Powell to pivot. The scrutiny is evident in the ongoing monitoring of bank stocks.

The decoupling of other deeds has led to a dip in the NFT market, but it has also led to an increase in supply. Yuga has released another 100k NFTs, one set of which has decoupled assets, another has artifacts, and one has a set of 10k Kodas. While this does increase the supply, it also splits the market and causes a dip in the NFT market.

Gold dipped off from yesterday's highs, while oil is currently above $80 dollars, which is notable. Traditional markets seem to be having a weaker tone today, while the crypto market saw a slight retracement. The looming news of the Shanghai upgrade is likely the cause of the retracement in the crypto market.

We also had Gmoney pop up and grace us with some input and info on his recent merch drop with Admit one.

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Best FILT3R EVER!? Apr 05, 2023

Show notes

The financial world is constantly in flux, with news and events causing shifts in the market but GM Web3 is here for you!

Yesterday, traditional stocks saw no change in price action, but interest rates saw a massive rally following some concerning labor data from the previous day. The labor market numbers were the lowest they have been since 2021, indicating that things may be slowing down. This gives more power to the Federal Reserve to raise rates.

This recent development may be one of the reasons why crypto is rallying, with ETH finally hitting over $1900. It will be interesting to see what the Payrolls number is when it comes out in combination with this recent labor data. Interestingly, crypto seems to be more correlated to gold and interest rates rather than the stock market.

Meanwhile, the Shanghai ETH upgrade is incoming, but it received some FUD from the timeline. People pointed to the amount of ETH set to be unlocked along with the upgrade, and it seems that there was a "buy the rumor, sell the news" type of situation. The upgrade is set to go live on the 12th, and staked ETH will be unlocked, which is a highly anticipated event.The amount set on the unlock is 16 million ETH, which equates to around $30 billion. This is no small number, and will be a significant development in the crypto world.

In terms of NFTs, not too many major movers have been seen. Nakamigos have been holding the headlines, topping out around 0.9 but now sitting in the 0.4 range, settling at a 40% fall. Opensea Pro was launched, and a gemesis NFT was offered to people who used GEM before a certain date on a one-per-wallet basis. Milady has also seen a fair amount of traction after Cobie changed his PFP to one of the misunderstood beings. Prior allegations seemed to have been cleared.

The interface for Opensea Pro seems to be better in most every way. There is a "pro" and "collector" mode, offering different interfaces and information presented in different ways. The question remains, will they bring out a coin? They seem similar to Coinbase in that they are the only ones doing what they are doing without any token to go along with the platform.

In a surprising move, Bugatti, yes, the luxury carmaker, is getting involved in NFTs and collaborating with Asprey Studio. There will be a physical item attached to the digital collectible, some sort of carbon fiber egg, and it will be available on the Bitcoin blockchain as an ordinal. OnChainMonkey is also involved in the launch, so they are web3 official!

Finally, we were joined by FILT3R Studio, who shared their BAYC AR filters that look absolutely amazing! Watching the YouTube stream for the full experience is guaranteed to be a treat, as these filters are on a level that hasn't been seen before. Live listeners even had a chance to win a wearable. Their OG Allowlist is currently open for a chance to get in, exclusive for BAYC holders for the time being.

The financial world is always changing, and staying on top of these developments is crucial for those invested in the market. From interest rates to NFTs, it's always a rollercoaster ride. Tune in to more GM Web3 to stay up to date!

Filter team on @ 57:44

GM!

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Elon did what!? Apr 04, 2023

Show notes

The world of macro seems to be relatively quiet these days, but there are still some notable events happening in the cryptocurrency and geopolitical spaces. ETH is making gains this morning, while there was some fear, uncertainty, and doubt (FUD) yesterday regarding CZ possibly being arrested due to rumors surrounding a Cobie encrypted message.Meanwhile, Elon managed to push DOGE up to around $0.10 simply by changing the Twitter logo to the Doge sign!

On the geopolitical front, there are moves against the US from Saudi Arabia, which has teamed up with China to cut supply for the Organization of the Petroleum Exporting Countries (OPEC). The dollar has weakened in comparison to global currencies, and it seems like there could be a coordinated attack on the US. In addition, Finland has joined NATO, and with a massive border share with Russia, this spells trouble for Russia as its major regions are in the north, and Finland's alliance will hinder any movements there.

As for the financial markets, gold is moving in conjunction with BTC/ETH, and the recent moves are not necessarily a result of stock market activity. Rather, they seem to be due to the degradation of the US dollar. The G7 is also being flipped by the five BRICS countries, led by China, in terms of world contribution as measured by GDP. The population in BRICS is massive and accounts for 30-40% of the total world population.

In the world of NFTs, Nakamigos are experiencing a pullback, while Gucci has teamed up with Bored Ape Yacht Club (BAYC) to create a limited edition digital and physical necklace. The collaboration was announced on the official Gucci Twitter account and covered by Vogue, making it a notable event. Interestingly, Gucci is accepting $APE as currency for the necklace.

BusterScher shared some of his unique collectibles, including a request to be a brigadier general signed/accepted by Abraham Lincoln, a bond receipt from George Washington, and a Warren Buffet-signed letter to a pastor, which is a rare specimen. He also shared an original Titanic photo, which is possibly the earliest known photo of the sunken unsinkable ship. Additionally, he showcased his original artworks and backgrounds from season 1 of SpongeBob, which were all hand-painted.

Finally, the team will be attending the Proof of People event in New York on the 12th and 13th of April. The first PoP happened last year and celebrated art, life, and culture in the web3 world. Refraction DAO was on stage to share about the performances and the venue at Zero space.

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STUBS round 2! New YugaLabs CEO! Apr 03, 2023

Show notes

In this podcast episode, the hosts discuss the recent market performances and news in the crypto world. Equities ended the week strong, with YTD performances showing Nasdaq up 17%, which is one of the best performing quarters in the last 2-3 years. However, crypto remained mostly unchanged, with BTC dominance at 48%.

The hosts also talked about the recent controversy surrounding Arbitrum token. There was a vote to move around 750 million $ARb tokens to the foundation, which was rejected due to accusations of it being a "slosh fund." The Arbitrum team defended the vote, stating that it was to ratify what was already happening, but the timeline was upset, causing a slight dip in the token's value.

The podcast also discussed some interesting developments in the world of NFTs, including the Nakamigos and the Captainz from 9GAG. Additionally, vhils joined the show to talk about his new drop coming up Ephemeral Ether. Finally, With hearts was announced as the second artist for the STUBS burn/mint experience, with his piece "Rektburger". The piece was created from a photo taken in Seattle at an actual burger spot named Dicks.

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The First STUBS burn! 🔥 Mar 31, 2023

Show notes

GM Web3 had an eventful show today, and here is the recap. Firstly, another measure of inflation came in below expectations PCE, which is good news for the inflation narrative. BTC and ETH are experiencing a pump, and OSF is passing the brew and the Hopium around. Interestingly, BTC dominance has dropped today without an apparent reason.

The hosts predict a god candle weekend, but they advise to DYOR. Ian C Rogers came on to talk about the recent raise that happened with Ledger. He shared that during the SVB breakdown, he learned the best lessons in bitcoin available. He believes that digital value needs to be workable and integrated into our everyday lives. Ledger will now have a fee-free trading day once a month on the Ledger live network. Most people are not aware that they can trade crypto on ledger live. However, the advantage of using ledger live is that your trade is on-chain, which means you sell your assets and become an owner, not just a number on a CEX spreadsheet. Ledger also plans to support different connect kits for various wallets across the network. They encourage favorite Dapps to sign up and integrate Ledger Extension. They stress that security should be taken seriously and that nobody should be requiring a blind signature to use their products collectively.

The taproot wizards have over 4k videos submitted for the wizard shower videos creating a viral trend in the bitcoin ordinal and web3 timeline. Big ups to Udi Wertheimer for making magic. 🪄

Degods migration to ETH is the headline of the day, and their floor is up to 9 ETH! They also announced that @blur_io is their partner in migration. Y00ts are up to 2 ETH, with most of the volume still happening on Magic Eden. Rekt mando points out the mastery of Frank degods marketing tactics. People are going absolutely nuts on the news of a contract migration, which is usually a non-event for any other project regarding price action.

Interestingly, Trump was indicted, and his NFTs rallied on the back of that.

As a founder, one is usually chasing the hype, but once they get it, they better watch out. There is usually a painful sharp drop off afterwards.

Lastly, today is the first BURN for STUBS! GDR is our first featured artist, and there are two different editions, one that requires a burn of 3 STUBS and the other for 1 STUBS. Four people who burn for the GDR piece will win tickets to Consensus in Austin, TX! to be selected.

Ian C Rogers on @ 25:28

Burn event starts @ 1:11:10

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