For the Love of the Game (Market Commentary) |
Tariffs on, tariffs off, at this point, flip-flopping is now priced in, and crypto traders are starting to not care. What they’re more interested in is tangible crypto policy, and this week we got some big hints of when that might
arrive.
After the markup committee hearing earlier this month for the STABLE Act, we received word this week that the GENIUS Act could pass the House and Senate by August. It’s becoming clear that this should still be a massive year for crypto.
We saw the SEC continue its public roundtable discussions last Friday, with Coinbase, Uniswap, and NYSE all sharing their recommendations for how crypto should
be regulated. The SEC is now perfectly set up to regulate crypto in a way it never seemed capable of before, thanks to its new Chairman, Paul Atkins, officially being confirmed by the Senate.
With Tax Day here, the market holding strong, and strong new leadership shaping policy, traders and builders sense the good times are coming.
Just remember, fam: pay your taxes, or you might end up like that one CryptoPunks trader who learned a very expensive lesson. Let’s check out that story along with some of the biggest happenings from the past week in AI, NFTs, and Crypto. Expensive Lessons in NFTs. We saw another big week of NFT action and news, full of big sales, and one big oopsie. - An Alien CryptoPunk sold for 4,000 ETH ($6.04M), but the trade came at a massive loss. This Grail Punk last sold for 4,500 ETH ($16.01M), so the seller realized a 500 ETH and nearly $10M loss.
- An NFT Trader named Waylon Wilcox pled guilty to
hiding $13M in NFT sales after trading millions worth of CryptoPunks in 2021 and 2022. He now faces up to 6 years in prison for his major blunder.
- Big XCOPY sales continue to roll in, including N, which sold for 255 ETH ($416K), RIP for 42.69 ETH ($62K), and DEATHLESS for 40 ETH ($65K).
- An Alien Nodemonke sold for 1.5 BTC ($127K) 2 years after it was minted for just .03 BTC
($1K).
- The On Chain Monkey’s new Katoshi collection sold out in 22 minutes, bringing in 8.8 BTC
($682K).
Magic Eden’s Magic Moment Magic Eden announced the acquisition of the Slingshot memecoin
app, which will bring mainstream trading action to the world’s #1 NFT marketplace. - Magic Eden’s new DEX will see fungible tokens across all major blockchains trading in USDC instead of their native token.
- Traders will not need to use bridges to move funds between chains for trading.
- Runes are expected to see a major increase in trading volume as traders will no longer have to wait on the slow Bitcoin blockchain or trade Runes in bundles.
- Magic Eden will also incorporate AI tools into their DEX, providing users with alpha, insights, and auto-trading capabilities.
- Traders will earn XP for their trades on Magic Eden, and the team will be implementing revenue sharing (likely for ME token holders).
Mantra Crash: A Big Scandal or Big Misunderstanding? The Mantra blockchain is supposed to be one of the top destinations for RWAs. This week’s token crash may derail that narrative, though, after a major liquidation saw their OM token lose 90% of its value. - The Mantra crash is being called Luna 2.0, with speculation flying that this was a coordinated
rug.
- JP Mullin, co-founder of Mantra, claims that the sell-off was a forced liquidation of a large
investor on Binance.
- ZachXBT shared details about 2 investors who were reaching out for massive loans ahead of the OM token
crash.
AI cryptos had a big week in the green, with the total market cap climbing +28.88% to $6.07B. - Fartcoin saw a +77.67% increase in MC as traders ride the trade war momentum in crypto, and speculate that it has much higher to climb.
- AI16Z’s autodotfun launchpad will go live this week, bringing multiple agent token launches with
it, and a unique fee-sharing system for creators.
- Vader AI will end their Early Agent Offering token presales after the Wakefinder launch this
week, however, $VADER token stakers will now earn Virtuals' new Vergen points.
- Virtuals Protocol announced a strategic partnership with Vader AI, now becoming the token pre-sale
destination on Base and Solana, while utilizing Vader’s infrastructure and expertise.
- Binance has listed Virtuals Protocol $VIRTUAL token, sending the token up over
+18%.
- Acolyte launched their new Signals product, which will bring agentic viral marketing to customers on X
and beyond.
- Wayfinder’s $PROMPT TGE was met with FUD after a MEV attack stole users' tokens, and other customers
found the claim amounts to be unfair.
- Google revealed its new swarm protocol called Agent2Agent.
- NVIDIA announced a massive $500B investment plan to build AI infrastructure in the
US.
- Courtyard sales climbed +1.05% on the week to $16.32M while buyers fell -8.57%
to 7,892. The top sale was a 1996 Pokémon Bandai card which sold for $6,568 USDC
- DMarket sales were up +15.34% to $9.8M with buyers +1.51% to 21,381. The top sale was a CounterStrike gaming skin which sold for 155,269 $MYTH ($22,626).
- CryptoPunks saw a +165.62% increase in sales, coming in at $8.9M. Buyers increased +4.17% to 25, and the top sale was Alien Punk #3100, which sold for 4,000 ETH ($6.04M).
- Pudgy Penguins sales fell -25.03% to $1.66M with buyers climbing +7.14% to 75. The top sale was Pudgy Penguin #2771, which sold for 45 ETH ($70,580).
- Bored Ape Yacht Club sales fell -4.57% to $1.59M while buyers climbed +2.04% to 50. The top sale was BAYC #2679, which sold for 46 ETH ($73,774).
- Ethereum sales fell -1.84% on the week to $30.42M while total buyers fell -67.74% to 25,487.
- Polygon sales climbed +0.45% to $18.09M, and buyers fell -77.83% to 18,483.
- Mythos Chain sales climbed +8.89% to $14.96M and buyers fell -71.64% to 21,251.
- Solana NFT sales fell -31.75% to $5.97M, while buyers fell -82.53% to 29,900.
- NFT sales remain mostly flat, increasing just +1.74% to $87.4M.
- Wash sales fell to a 2025 low with just $3.8M washed.
- Weekly unique sellers and buyers also fell to 2025 lows of 102.058 and 147,756.
- Trade profits hit a 6-week low at -$10.64M.
The CryptoSlam 500 NFT Index fell another 3.29% this week, but don’t let the falling value of the market make you think things are hopeless. Some of the top NFT
collections like Pudgy Penguins, BAYC, Lil Pudgys, and Doodles are rising in value in ETH terms, and In the past few weeks, the NFT market has seen multiple EV+ mints (Final Bosu, Steady Teddys, PAWAverse, etc). The market is primed for a comeback, and with comments from big traders like Luca Netz that he’s going to begin deploying his ETH in NFTs, there is major hope on the horizon. ETH NFT Composite - 521.08 (-3.34%)
SOL NFT Composite - 508.68 (+0.72%)
POL NFT Composite - 4.35 (+0.23%)
CAR NFT Composite - 469.56 (-3.72%) Crypto saw a much-needed bounce-back after news broke on Friday that tariffs would be put on pause for 90 days. Since then, we’ve received mixed messages about what that means and what the other side of the pause will look like. But, there’s no
doubt right now that the market is starting to not care, and is looking down the road for what we know is coming.
Top Gainers 7d FARTCOIN - $0.927 (+75.0%)
JASMY - $0.01572 (+62.7%)
FLR - $0.01656 (+39.8%)
HYPE
- $15.72 (+34.4%)
RENDER - $3,167.06 (+32.5%) Top Losers 7d
EOS - $0.6146 (-19.8%)
TON - $2.86 (-7.6%)
DEXE - $14.44
(-7.1%)
ATOM - $4.15 (-5.9%)
IP - $3.94 (-4.8%) |
Prompt engineering is the art and science of crafting inputs to get the best possible responses from AI models like ChatGPT. As AI tools become more integrated into creative, analytical, and technical workflows, knowing how to “talk”
to them effectively is a real skill. From structuring questions to guiding tone and context, the right prompt can make AI your co-pilot instead of a clunky chatbot. In the agent economy, prompt engineering is like coding with words—get it right, and the machine becomes magic. Received this from a friend? Sign up for this CryptoSlam VIP newsletter. |
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