For the Love of the Game (Market Commentary) |
Welcome to June, the month that you were supposed to be away touching grass. If you’re reading this,
you probably made a good decision staying plugged in.
This week the Bitcoin Act will be introduced to the Senate floor to begin debating the bill that could lead to 1 million $BTC being purchased
by the US government. We should also see the Senate voting on the Genius Act again, which could push it through to the House.
Tariffs are beginning to be rolled back or paused at a minimum, setting us up for that hot summer that plenty of us have been planning for. And don’t forget the $5B FTX distribution that’s going out to creditors this week. All of these factors combined are setting up the most exciting part of this bull market. If we’re going by the liquidity cycle and its correlation to Bitcoin’s price, this run might exceed almost everybody’s expectations. The Claynosaurz mint opened on Sui last week, and after a slow start, the Popkins collection gained momentum as it raced towards over 95K NFT packs minted. - The Popkins mint, priced at $200, has raised over $19M in the open edition event.
- Minting ends on June 3, and at that time packs will begin being sent out to buyers.
- NFT reveals will begin on June 5, when traders will discover if their pack has a Popkins NFT.
- Claynosaurz announced a partnership with Mediawan Kids & Family to create an animated
series.
A memecoin experiment took place last week, borrowing from
Virtual’s early presale offerings and combining it with Kaito’s mindshare metrics. The result? A hot new memecoin that hit $32M at TGE. - The $LOUD presale was given to the top 1,000 yappers based on Kaito’s leaderboard.
- Traders were allowed to buy $LOUD at a $150K FDV, and could purchase .2 $SOL worth of token.
- After TGE, most presale buyers saw their $30 investment turn into over $3,000, though the value has fallen significantly since.
- The presale meta is just starting, now with both Virtuals and $LOUD showing the demand for fair
token launches.
Disney’s Mainstream NFT Play Disney dabbled in NFTs before on platforms like VeVe, but never have we seen such a mainstream accessible NFT like what they’re offering right now on Disney+. - DisneyPinnacle, an NFT platform on Flow from DapperLabs announced a new Disney+ perk, giving the streaming service subscribers a free NFT each month.
- Disney hopes to curb “churn”, users who unsubscribe from streaming services when there are no shows they’re interested in watching. They’re combating it through rewards like discounts, free NFTs, and this month, a $10 DapperLabs credit.
- Users will be prompted with a QR code to access Disney+ perks, and from there can claim a Toy Story or Hercules digital pin.
The AI market fell below a $10B market cap this week, now down -13.67% to $9.85B. In fact, the top 10 tokens were down across the board, while new token launches on Virtuals continued to find major success. - The #1 Virtuals Hackathon finisher, named Solace, launched last week and broke all platform records. They saw
record participants in the presale (12,579), oversubscription (2,541.05%), and market cap ($32M). This was a 132x for presale buyers.
- Virtuals unveiled their new referral program, which will see traders earning 20% of the fees their
referees generate.
- NVIDIA and Google Startups-backed Asynchronous joined The Swarm Report for a live
podcast.
- Axelrod revealed a major partnership with Arbus and Basis to build the next layer of DeFAI
infrastructure.
- The Swarm’s $SWARM is being talked about across X thanks to speculation that OG tokens will get a
big benefit once the Virtuals ACP goes live.
- Gloria AI announced an extension to their token lockup period, allowing holders to farm Virtuals
points going forward.
- Anthropic CEO says that 10-20% of entry-level white collar jobs could be wiped out by AI
starting in 1 year.
- Grayscale released a report on the AI Crypto sector showing the top 20 tokens with a total market cap
of $20B.
- Top NFT sales this week include a $1.1M XCOPY MORTAL, CryptoPunk #1831 for 150 $ETH ($389K), and CryptoPunk #9778 for 150 $ETH ($377K).
- Yuga Labs sold the Moonbirds IP to Orange Cap Games, leaving them with just their Bored Ape
collections and Otherside assets.
- Good Vibes Club announced a partnership with OpenSea, creating an animation to announce
OpenSea’s completed Beta and their new platform rewards. This caused the GVC NFTs to hit a new all-time high of 1.05 $ETH, flipping the Doodles for the first time.
- Art season continues to heat up, and this week we saw a small collection called Supremon 151 from
8TH Project sell out at .019 $ETH, and climbed to a 2+ $ETH floor. The top sale in the collection sold for 3.99 $ETH ($10K).
- Iconic Web3 luxury clothing brand 9DCC announced that they are shutting down due to market
conditions.
- After dissolving the PixelVault Founders DAO, PixelVault is now selling its 16 CryptoPunks
treasury.
- DeeKay’s Day and Night collection sold at auction for 34.03 $ETH ($86K), and has his art currently
featured on the Las Vegas Sphere.
- NFT sales fell to a 5-week low of $88.19M.
- Trade profits hit a 19-week high, though still -$3.78M in the negative.
- Buyers and transactions both saw an increase this week, signaling that traders are getting more active.
ETH NFT Composite - 602.88 (-2.33%)
SOL NFT Composite - 510.44 (-0.71%)
POL NFT Composite - 3.92 (-37.18%)
CAR NFT Composite
- 383.10 (-3.87%) Top Gainers 7d SPX - $1.02 (+20.6%)
TON - $3.23 (+9.2%)
QNT - $106.17 (+8.9%)
CRO - $0.1022 (+5.5%)
FLR - $0.01886 (+2.6%)
Top Losers 7d
FARTCOIN - $1.09 (-21.6%)
ENA - $0.3112 (-17.9%)
RENDER - $3.88
(-17.7%)
WLD - $1.13 (-16.7%)
EOS - $0.6447 (-16.6%) |
A subset of machine learning that uses stacked layers of artificial neural networks to automatically learn hierarchical feature representations from raw data, enabling systems to recognize patterns—like images, speech, or price signals—without
manual engineering; by adjusting millions of interconnected parameters through back-propagation on vast datasets, deep learning models excel at tasks once thought uniquely human, powering breakthroughs from GPT-style language models to autonomous trading agents navigating on-chain markets. Received this from a friend? Sign up for this CryptoSlam VIP newsletter. |
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