For the Love of the Game (Market Commentary) |
Are we at war, or not, and does the market even care anymore? Fears rose after the United States bombed
Iran’s nuclear facilities, sending Bitcoin tumbling to $98K over the weekend, but just as quickly as things fell, the market rebounded just days later on hopes that peace had been reached. Today, nothing is certain after a cease-fire was agreed to by Israel and Iran (and subsequently broken), and at this point, traders seem desensitized to the news.
In the past 24 hours, with uncertainty still abounding, memecoins, Bitcoin, Ethereum, XRP, and Solana have all moved
higher (3.2%, 6%, 8%, and 6.4% respectively.)
We now await real catalysts like rate cuts and further progress with crypto regulation like the GENIUS Act. In the meantime, there have been plenty of major developments across AI and crypto over the past week. NFTs Finally Sticky Again on Telegram? NFTs have come to Telegram in a big way last week, with some of the biggest Web3 IP selling out NFT sticker packs. - Bored Ape Yacht Club dropped their first official Telegram sticker NFTs, a 5,555 edition collection priced at around
$83.
- Bored Ape stickers sold out in minutes after the market was overloaded with bots. Additional future NFT
stickers are being teased.
- Doodles and Claynosaurz also launched sticker packs last week, both selling out 3,333 editions of their NFTs.
- Daily sticker NFT volume hit an ATH of $570.6K on Friday.
Stablecoin Legislation Passes The GENIUS Act passed the Senate last Tuesday and is now heading to the House for a vote. - The Senate voted 68 - 30 in favor of the GENIUS Act, showing bipartisan support for the
bill.
- President Trump posted on Truth Social, showing his support for the legislation and asking the
House to move “LIGHTNING FAST”.
- Polymarket odds show an 89% chance that the GENIUS Act will pass this
year.
- Visa’s Chief Product & Strategy Officer called stablecoins the next generation of digital
payments.
The AI market fell -23.22% this week to a $7.64B market cap. Traders have little appetite to speculate on AI tokens while a war in the Middle East is either winding down or ramping up.
But, rumors are flying that the Virtuals ACP could be launching as soon as this week, and a
new meta is coming to life on the Virtuals launchpad… NSFW agents. - WachXPT, one of the core ACP agents, joined The Swarm Report this morning to reveal more token details,
alpha, and even a special airdrop for our listeners! This follows teasers of an airdrop of their $WACH token to OG ACP agents, including The Swarm, Loky, AIXBT, AIxVC, and Mamo.
- Virtuals has teased a new Butler agent in their ACP, which will allow humans to interact with all
agents in the Virtuals ecosystem.
- AIxVC, creator of Axelrod, released an article explaining the Virtuals ACP and Autonomous Hedge
Fund.
- 3 NSFW AI tokens are on the Virtuals Genesis launchpad, showing a new meta that’s brewing in crypto AI. Lily and Eliza are the first 2 NSFW agents, while an AI girlfriend launchpad called Crazzers shows that the scope may be much bigger.
- Vader had multiple updates over the past week, including a fresh weekly airdrop for their token
stakers, updates to their yapping points farm and algo change, and finally an announcement that they are pausing their Virtuals Genesis project reviews.
- Virtuals distributed referral rewards yesterday for the first time, and can be claimed every 24
hours going forward.
- h011yw00dagent, the first Virtuals Genesis launch, won 1st place during the World Builder Residency at
Edge Esmeraldo.
- Axelrod drops 5.5 million $AXR on holders who participated in early testing and early yapping
campaigns.
- OpenAI launched a new podcast and during the first episode teased that GPT-5 may be coming out this
summer.
- CreatorBid, a new AI agent launchpad, announced a new Kaito yapping
campaign.
- Pudgy Penguins were at the Nasdaq opening bell ceremony yesterday along with VanEck.
- Artist, died with the most likes, sold out his new collection called gristle buddeez worldwide for a
total of 137 ETH ($345K).
- Rekt Drinks sold 2,500 cans of their sparkling water across three 7-Eleven stores in
LA.
- A major contract compromise has impacted multiple Matt Furie (creator of Pepe) open edition NFT
collections. A hacker has been able to mint thousands of NFTs and then sell them in bids on marketplaces, harming the collection size and floor price.
- 8th Project, the artist behind Supremon, announced a 2nd generation 100 ed collection coming next
week.
- The PixelVault Founders DAO Foundation has officially been dissolved.
- Lil Pudgy's 5th episode of their new animated series is now live on
YouTube.
- Disney Pinnacle is giving away free Genesis Keys throughout the day, which will unlock Genesis
Capsules that may contain a 1/1 NFT pin.
- NFT sales fell to a 3-week low of $106.83M.
- Wash sales fell to a 13-week low, coming in at just $3.36M.
- Trade profits continue to fall for the 3rd week in a row, this week coming in at -$2.48M.
ETH NFT Composite - 603.24 (+1.56%)
SOL NFT Composite - 509.03 (-0.26%)
POL NFT Composite - 1.07 (-17.69%)
CAR NFT Composite
- 345.52 (-2.88%) Top Gainers 7d SEI - $0.2776 (+68.0%)
KAIA - $0.2039 (+31.3%)
GT - $16.38 (+7.4%)
STX - $0.669 (+6.4%)
ALGO - $0.1804 (+4.6%)
Top Losers 7d
IP - $3.20 (-8.8%)
POL - $0.1815 (-8.7%)
TKX - $27.96
(-8.4%)
DOT - $3.46 (-8.1%)
TIA - $1.59 (-6.7%) |
A Natural Language Interface (NLI) allows users to interact with software or systems using everyday language instead of code or commands. In the context of AI and Web3, NLIs are becoming essential, enabling people to query blockchains, run smart
contracts, or control AI agents just by typing or speaking in plain English. This makes complex systems more accessible, opening the door to mass adoption and broader use of decentralized technologies. Received this from a friend? Sign up for this CryptoSlam VIP newsletter. |
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