Traditional markets are trading relatively firm; we had a decent close on Friday with things unchanged on today's open. Crypto closed well going into the weekend but has sold off since along with $hitcoins, and it seems like the season is reaching a lull, but we likely haven't seen the end just yet. One of the major talking points has been the amount of Ethereum burned during all of the trading; It has been deflationary for a while now with all of this activity, and there are now concerns and sp...
May 08, 2023•1 hr 28 min
It's been a tough 48 hours for equities, we are down another percent on the S&P. The FOMC concluded yesterday and we did in fact get a hike of 25 bps as expected. The commentary from Powell didn't communicate that they will raise them further or that they will be cutting them lower. There is 0 way that the FED can raise rates further from OSF's perspective. Mando points out that they danced between a dovish and hawkish narrative, and while this didn't initially move crypto prices, Crypto saw...
May 04, 2023•1 hr 25 min
Not much to write home regarding traditional markets, equities are basically unchanged. Interest rates are rallying with the news of the bank fiasco. Today the FOMC will conclude with the expectation of a 25 bps hike and the press meeting set to happen at 1:30pm EST. We will see if there is commentary around the banking situation, but things are still wobbly. Crypto is still doing ok, with BTC and ETH staying in the same range it has been for a while. The alts aren't doing well with $APE down in...
May 03, 2023•1 hr 28 min
GM Web3 ☀️ Recap -May 2, 2023 Degenz Market Report by @osf_rekt and @rektmando Tough day in equities the S&P moved down slightly more than the Nasdaq, which is uncommon. Yesterday, First Republic bank was bought by JP Morgan; It looks like banking is still under massive stress, and any sustained rate hike from the FED will have a huge impact on regional banking. The FOMC is currently going on and set to conclude tomorrow with expectation for a 25 bps hike. At the last FOMC, they didn't say a...
May 02, 2023•1 hr 29 min
We are SO BACK! On Friday, the market closed strong; today, however, equities have remained mostly unchanged. Looking ahead, the FOMC begins tomorrow and will conclude on Wednesday with the announcement of the interest rate hike decision and their plans in light of recent data. Given the Fed's priority of maintaining stability, it's unlikely that any major drama will unfold. Crypto is heavy with BTC down to $28k and ETH down in the $1800's. The $hitcoin market is booming, $PEPE has been on absol...
May 01, 2023•1 hr 26 min
Things are not looking too rosy, equities are down across both Nasdaq and the S&P with 10yr and 2yr treasuries seeing a decent rally in interest rates. Crypto is also not doing well, ETH has moved roughly 15% lower over the course of a week which is not great. $ARB is back to $1.30 and most other coins are not doing well. OSF has a hunch that the FOMC next week could be a constructive event. The banking crisis wasn't quite as bad people feared and has moved out of the headlines. With data po...
Apr 25, 2023•1 hr 36 min
Not a ton to report on traditional markets, we closed unchanged and are opening basically the same. Last week was a boring macro week, but this week brings corporate earnings with META and a couple other big tech companies reporting, which should stir things up leading into the monthly macro events. Next week we have the highly anticipated payrolls report followed by the FOMC. Crypto has seen a dip with BTC diving to $27k and ETH dropping to the $1800 range. A lot of the alt coins have been crus...
Apr 24, 2023•1 hr 38 min
Traditional markets don't have a lot to write home about, most things are basically unchanged. Interest rates are hovering in the same range they have been for the past few days. Tech earnings will be coming out next week, which could have an effect on the macro.Crypto is slipping, ETH is down to the low 1900's and the meme coin rallies have seemed to slow down with most falling into the red after the past few days of hype. It seems that the market may have expected more of a sell off with the b...
Apr 21, 2023•1 hr 26 min
Its been a soft start in traditional markets with Nasdaq and S&P both down around 0.2%. Earnings report came in yesterday with headlines focused on Tesla reporting a 20% drop in net income and earnings from last year. Leveraged positions in crypto are getting liquidated, BTC down to $28k and ETH is hanging out around mid $1900's. It seems like the greed and euphoria was a bit high these past few days and this should be a good reminder that things are never up only. @rektmando sees this as a ...
Apr 20, 2023•1 hr 28 min
We started off weaker in traditional markets today, Interest rates are up on 10yr and 2yr. OSF speculates that we 'over rallied' and are just readjusting. The UK is still hovering around in double digit inflation numbers which is concerning from a macro view. Crypto saw a dip, ETH dropped back below $1900 but is above 2k at time of writing.The meme coins are the talk of the timeline. $PEPE is still all the rage and seem the doom dip just yet. Many degens made a quick bag on the back of the meme ...
Apr 19, 2023•1 hr 36 min
If you're keeping a close eye on the cryptocurrency market, you might have noticed that there isn't really a ton to report on the traditional market. However, it is earning season, so keep an eye out for the big companies' reports. Meanwhile, alt coins are rallying, so that's something to keep an eye on. But, for once, there is actually a lot going on in NFTs. Azuki has been in the limelight, and its FP got up to 14. The company has also announced an event in Las Vegas at Hakkasan. A blur airdro...
Apr 18, 2023•1 hr 27 min
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...
Apr 17, 2023•1 hr 42 min
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 ...
Apr 14, 2023•1 hr 12 min
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! Hosted on Acast. See aca...
Apr 11, 2023•52 min
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 expec...
Apr 10, 2023•1 hr 39 min
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 unk...
Apr 07, 2023•1 hr 38 min
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 ...
Apr 07, 2023•1 hr 21 min
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 rea...
Apr 05, 2023•1 hr 45 min
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 a...
Apr 04, 2023•1 hr 35 min
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 a...
Apr 03, 2023•1 hr 38 min
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 d...
Mar 31, 2023•1 hr 35 min
In this episode, we discuss the current state of traditional markets, which are strong and expected to close well. Interest rates are selling off, with 2yr treasuries seeing a slight increase. Crypto saw a dip in gains from yesterday, and altcoins are selling off, with $ARB outperforming most of crypto. BTC dominance continues to hold strong. We also cover the latest news in NFTs, including Yugalabs' reveal for the Meta Apes, which was a big hit. Volumes across collections have slowed down, and ...
Mar 30, 2023•1 hr 39 min
In this podcast episode, the market saw a strong day with the S&P 500 up 0.9%, but interest rates have sold and 2-year rates had a big move over the week. Traditional markets are being compared to FTX with crypto, as big headlines are followed by a lack of news and no crashing, suggesting that the rate of correction may outweigh the crisis. Meanwhile, crypto is holding and has rebounded from regulatory FUD, with XRP seeing another move up. Binance is receiving FUD over their connections to C...
Mar 29, 2023•1 hr 24 min
n the TLDL thread for March 28, 2023, the podcast covered various topics. The crypto market has bounced back from its dip, and there is no major macro news to report until Payrolls. However, Binance has been sued by the CFTC for willful evasion by using VPNs to evade certain guidelines. Despite this, there is an oddly bullish hidden narrative since this is the commodities sector, and certain assets are loosely defined as such. CZ made a proper response, read the article to get the juicy details....
Mar 28, 2023•1 hr 34 min
In this episode of GM from GM Web3, the hosts discussed various news and updates from the markets. They had Frank degods on as a guest to talk about their migrations, and gdr, their first STUBS artist, gave insights into their pieces. The hosts also talked about the quiet few days in the markets, with equities opening up unchanged and interest rates selling off. They discussed the upcoming Payrolls data point and how OSF is keeping an eye on bank stocks and the financial services industry. Regar...
Mar 27, 2023•1 hr 45 min
in this epidote, we discuss the latest developments in the financial and crypto markets, as well as exciting news in the gaming and NFT industries. Yesterday, equities had a strong start, but concerns about Deutsche Bank's financial stability have surfaced. Interest rates continue to be volatile and are pricing in a different tune from the FED's narrative, with speculations on an emergency cut being priced in. Meanwhile, crypto is outperforming traditional markets, but if regional banks such as ...
Mar 24, 2023•1 hr 33 min
Welcome to today's podcast where we'll be discussing some of the latest news and updates from the financial and crypto world. We start off by noting that it's a beautiful day! Yesterday's FOMC was one of the most important ever, and one key point that was omitted In all of the commentary was the fact that rates may be raised as the Fed sees fit, indicating that they may be close to the terminal rate. In the world of crypto, there was a slight sell-off but it has already retraced and is now basic...
Mar 23, 2023•1 hr 18 min
In this podcast episode, the hosts discuss various developments in the traditional markets and cryptocurrency industry. They mention the recent launch of GM Web3's STUBS and highlight the FOMC meeting taking place today, with expectations for a 25 bps hike in interest rates. The guests also discuss the shift in monetary policy on a global scale and the impact on the long-term outcomes and trends. We touched upon the NFT market and the recent trend of declining prices for popular collections like...
Mar 22, 2023•1 hr 34 min
It was with great anticipation that STUBS was launched today. ON top of our listen to earn system that rewards users in $RUG token we have now successfully launched STUBS which will be a way for listeners to participate and earn their way into some new art! This has been very long in the making and it was with great pride that we kicked it off on this episode! GM! Hosted on Acast. See acast.com/privacy for more information. https://linktr.ee/rugradio...
Mar 22, 2023•1 hr 58 min
Todays show went through the recent events with UBS basically acquiring SVB at a heavily discounted rate and the effects of this both present and implied. Somehow during the chaos Crypto has been performing well, Bitcoin has been hovering in a range but on to pop all of the headlines. Balijis made a million dollar bet that BTC will hit $1 million in 90 days, causing the timeline to uproar in every direction imaginable. We had a surprise visit today from Nick and Pio with the Nifty team to walk t...
Mar 20, 2023•1 hr 25 min
