GM. Could be the warm June weather. But markets are feelin’ kinda hot right now. Avalanche broke a record, Pudgy pumped toy sales, T-Mobile takes another creep into crypto.
Get your nerd news fix in now so you’ll have no FOMO — and plenty of some fun in the sun this early summer weekend. Let’s jump in.
No FOMO News 📰 : EU Signs New Crypto Licensing ✍️
Weekend Alpha: What to Watch 👀 : Avalanche Hits 1M Active Users 🧑🤝🧑
NFT Power Rankings 🔥 : Nakamigos Falling Off?? 📉
No FOMO 🗿 : Why Pudgy Penguins are the New Leaders in Phygital 🐧
AI Intel 🤖 : Meet the US Army’s AI Project - Linchpin 🪖
Conference Corner 🏢 : NFC Lisbon Alpha 🇵🇹
No FOMO News 📰
- Monthly crypto exchange volume tumbled in May, hitting 32-month low (TechCrunch)
- EU Formally Signs New Crypto Licensing, Money Laundering Rules Into Law (CoinDesk)
- Fresh Set of Crypto Bills Make Hill Debut (Blockworks)
- ‘Confident’ Ripple CEO Helps The XRP Price Suddenly Outperform Bitcoin (Forbes)
- Increasing number of divorce proceedings involve crypto (Cointelegraph)
- First Digital Unveils USD Stablecoin as Hong Kong Crypto Rules Kick In (CoinDesk)
- Crypto exchange Gemini to soon operate in the UAE (Reuters)
Weekend Alpha – What to Watch 👀
🔥 NFT Power Rankings 🔥
Lil Pudgy Penguins 🥇
Sappy Seals 🥈
The Plague 🥉
Pudgy Penguins Sells $500K of Toys in 48hrs 🐧
Pudgy Penguins' latest "Phygital" Toy Collection & Experience on Amazon took the NFT world by storm. The key highlights:
- In just two days, Pudgy Penguins surpassed $500,000 in purchases and sold over 20,000 individual toys.
- Pushing the Space Forward: According to CEO Luca Netz, Pudgy Penguins aims to bring millions of users into the Web3 space, driving innovation and adoption.
- Pudgy Penguins dominated Amazon sales charts, outperforming legacy brands like Disney, Transformers, Pokemon, Barbie, and Legos.
Would you buy a phygital toy of an NFT you own?
Why we’re bullish on Pudgy:
- Pudgy actively collaborates with prominent companies and industry leaders to introduce NFTs to a wider audience – wen mass adoption??
- They raised $9 million in seed funding last month, defying the NFT crash and gaining support from big investors like Big Brain + Kronos. If you can raise $9m as an NFT project in a bear market, we’re gonna bet on you in a bear.
AI Intel 🤖
- Fueled by AI, Nvidia joins the $1 trillion club (CNN Business)
- Will Google’s AI Plans Destroy the Media? (NY Mag)
- AI industry and researchers sign statement warning of ‘extinction’ risk (CNN Business)
- C3.ai Stock Falls After Earnings Outlook Fails to Justify the Hype (Barron’s)
- Microsoft signs deal for A.I. computing power with Nvidia-backed CoreWeave that could be worth billions (CNBC)
- Multiple companies could win work on US Army’s Project Linchpin AI (C4ISRNET)