BRIEF NEWS UPDATE

Good morning. As with every week, we provide not only a review of the past week but also tips and trends to guide you. The Blur Airdrop is set to be a fascinating case study in market impact. Additionally, we'll take a closer look at Ordinals and Solana. Let's dive in.

Web3:

• The alpha from last week is showing promise. New Bitcoin City, now dubbed 'Alpha,' continues to experience a surge. The consistent updates and the creators' professionalism are yielding visible results.

  By the way: 

  NBC is powered by Trustless Computer, a second-layer solution built on Bitcoin, which underpins both NBC and NewBitcoinDex. Functioning like a standard DeFi exchange, the DEX allows users to create liquidity positions and earn token emissions as a reward.

Here is a thread for more information!

Blur is concluding its second rewards farming season, sparking speculation about the BLUR airdrop's impact on creators and traders. Throughout 2023, Blur traders have earned $BLUR for various activities. However, the recent announcement has cast uncertainty regarding how the airdrop might affect the market. While there’s the potential for a fresh cash infusion into the NFT ecosystem, concerns persist that liquidity withdrawals might cause floor price drops.

Check this article for more!

The volume and the number of unique owners concerning ordinals are increasing significantly! Taproot Wizards raises $7.5 million in seed funding for "magic internet JPEGs" on the Bitcoin network.

Here are some topics you should have on your radar, such as CyberKongz, continually advancing with new utilities, or the LooksRare announcement.

Crypto:

• What's another possible scenario?

  The crypto market could see a downturn due to macro events (detailed below), and ETF approval might be delayed until April/May 2024, potentially kickstarting a bull market.

  There are still some voices saying that an ETF will come this year, but this should be taken with caution. 

Further Crypto News in fast-forward:

Solana memecoins are gaining traction. After $Bonk's explosion, $Myro is also picking up steam. Solana has successfully shed earlier FUD and is currently in high demand. What's notable about $Bonk and $Myro? Right… Their dog theme.

What could spark a trend? A potential dog memecoin season.

Doge Coin is still holding back,but a breakout could lead to movements in $Shiba and $Floki, followed by a surge in other low-cap dog coins. Be aware, though, that this could also lead to an uptick in scams. It's noticeable that many dog-themed coins are launching. Use tools like Dextools to check metrics such as values, liquidity, and holders to minimize risk.

Dogecoin community plans to send a physical token to the moon in a December mission.

Macro:

To give you a little guide, here are some important bullet points. While inflation is decreasing in some countries, many still see a recession in the US in 2024. The debt crisis is also a point which needs to be observed. Currently, everyone is bullish and firmly believes that the bull market is back in the crypto market. However, similar to the 2020 Corona Crash, there could be a downturn in the 1st quarter of 2024, perhaps even a longer correction before the real bull market gains momentum.

✅ Morgan Stanley: Singapore considered a safe haven in a challenging global environment.

❌ UBS: Recession will hit the U.S. in 2024, get ready for massive interest-rate cuts.

❌ Japan’s economy shrinks far more than expected in the third quarter.

❌ Ray Dalio says U.S. reaching an inflection point where the debt problem quickly gets even worse.

✅ Home Depot states the worst of inflation is over.

✅ U.S. and China agree to resume military talks.

✅ UK inflation falls by more than expected in October to 4.6%, lowest in two years.

✅ Tech stocks wrap up strongest three-week rally since the early days of Covid in April 2020.

How can you prepare?

• Don't go all in with FOMO.

• Have fiat money set aside to buy in during significant dips.

• Or, as a Hodler, keep strong nerves and hodl through if you're already in.

You can become a member of the Arts Dao, by purchasing our NFT token, which grants you access to not only our exclusive community events, daily market analysis but also makes you a fractional owner of the NFT’s owned by the DAO Treasury.

These are some of the DAO holdings to date:

Including Proof Collective, Damien Hirst, Bored Ape Kennel Club, Admit one and more

OS Link: https://opensea.io/collection/ethernal-gates
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