FOMO HOUR: A Daily Crypto & Web3 News Show

Traditional markets moved up a bit but came back down already, with interest rates reversing some of the gains as well. BTC and ETH have both seen a dip, ETH dipped to the 1700's and BTC has fallen 5% which is a major move for our number 1 coin. Mando thinks this price action is a result of a technical sell off. The charts are driving certain trading habits and the narratives being pushed aro...

GM Web3 ☀️Recap - May 11th, 2023 Mixed markets today with stocks unchanged, but there was a big rally in interest rates which are up from 4.6% yesterday. PPI came in today lower than expectations at 2.3%, yet another positive data point for inflation.  Crypto is showing some weakness with red across the charts. OSF is unsure as to why this drop off is happening in crypto and imagines if CPI came i...

CPI came in today at 4.9% vs 5% expectations which spells out yet another move lower, all around positive for markets. Stocks are up about 1-1.5% move higher with interest rates also moving a bit on the news. Crypto is doing ok, BTC is back in the 28k range and ETH is in the 18's which seems to be its stability level these days. The headlines are stirring things up by pointing to the central...

Not a ton to report on traditional markets, starting the day a bit lower with .05% dip on the S&P. Interest rates selling off in preparation for tomorrows Data point. OSF imagines the risk is skewed towards the downside with the CPI number, no matter where it comes in at. Crypto has had some difficulty holding onto local levels. Some of the alts like $MATIC and $MAGIC are in a slump and being...

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...

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...

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...

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...

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 h...

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. T...

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 di...

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 th...

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 p...

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. $P...

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...

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 p...

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, NFT...

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 a...

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...

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...

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...

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 g...

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....

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. Th...

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 D...