also, we gapped @ 41k as expected

lines up nicely for a retest on RH to move higher

Big 4 coming in!

https://bitcoinist.com/firm-kpmg-adds-bitcoin-and-ethereum-to-its-treasury/

"The committee undertook a “rigorous assessment process” on the components that enable KPMG to make its allocation, from a regulatory and reputational standpoint to the custodial risks associated with holding cryptocurrencies. Of course, the firm also reviews the tax and accounting implications of its decision, according to the press release.

The firm believes this investment represents their optimism on cryptocurrencies and blockchain technology. Kareem Sadek, Advisory Partner, Cryptoassets and Blockchain Services co-leader at KPMG said:

"The cryptoasset industry continues to grow and mature and it needs to be considered by financial services and institutional investors. We’ve invested in a strong cryptoassets practice and we will continue to enhance and build on our capabilities across Decentralized Finance (DeFi), Non-Fungible Tokens (NFTs) and the Metaverse, to name a few. We expect to see a lot of growth in these areas in the years to come." "

(3,3) ? hodl? wagmi?

understanding financial incentives of early backers/VCs to avoid getting dumped on

"If you are making decisions without understanding the financial incentives of those playing on the same field as you then I hope you’re not betting more than you can afford to lose."

https://cobie.substack.com/p/33

#reads

Google looking to value-add Web 3.0

https://www.monexsecurities.com.au/insights/news/us-market-news/google-just-gave-its-nod-of-approval-to-blockchain-and-crypto-technology/

lazy founders and plague of "if it works in web 2.0, it must work too in web 3.0"

https://jasonchoi.substack.com/p/web-3-and-the-curse-of-solutionism

#reads

I like this application by Alfa Romeo

using NFT and blockchain to determine residual values of cars more accurately

https://cointelegraph.com/news/new-alfa-romeo-suv-uses-nft-and-blockchain-to-track-car-records

just finished an NFT sharing podcast with one of the founding members behind Imaginary Ones

super excited to share it w you guys after some editing but it might take awhile (I'm trying to edit in my spare time)

so do keep a lookout

cheers!

if you're keen on a job in the crypto space ^

doesn't hurt to put some free job search posting

looking forward to tasting virtual burgers and fries 😮‍💨

https://twitter.com/darrenrovell/status/1491446956828536835

metis.market recently concluded a meeting with the METIS team

summary:
METIS team is impressed w the UI/UX and the volume. They agree to officially partner with metis.market once it becomes permissionless - allowing and welcoming any NFT collection which the team has already planned to do so (because rn there's only metispunks on the market)

metis.market short term roadmap from their disc:
"Here is our short term roadmap to be fully transparent with our community:

- approx 4 weeks: include NFT collections from community & be official Metis Dao partners
- PEPE snapshot airdrop Friday & announcement of upcoming airdrop "

holding a metispunk would ennoscript you to benefits in metis.market such as airdrops of incoming collections and more should metis.market take off

gladly holding

p.s. NFTs are v illiquid so please do not over invest into NFTs should you need liquidity.

first podcast of CM is out!

NFT w Caleb (from Imaginary Ones) | Episode 1

link:
https://open.spotify.com/episode/1izqjOiaqSqJOWZ5crX3Gc?si=1e73f98421ef4b4c

cheers!!

shared by a member

strats for those looking for low-risk yields on their long term ETH

https://twitter.com/thedefiedge/status/1491506132636086277?s=21

Tokenomics 101 for the newer crypto people learning to evaluate protocols

https://every.to/almanack/tokenomics-101

#reads

gap retest incoming as mentioned before ^

metispunks update

metispunk holders will be able earn passive income through revenue sharing of the transactions fees in metis market

this is in addition to minting discounts, free airdrops of new collections

interesting and would be p insane if they can pull this off

transaction fees on metis market takes 2%, and 1% will be shared among all punk holders (max stack 100 punks)

interested to see how this goes

punk fp now 0.5 metis - low risk for possible asymmetric returns

(high risk because project is new, but cost of capital is very low @ 0.5 metis aka nothing much to lose by just holding 1 punk to see where it goes, hence low risk)

NFTs are illiquid so only allocate a small portion to degen here if you want

nfa dyor