XCOPY, Gary Gensler, BTC, Binance, Anomaly, Runes Update

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👀WHAT’S THE META..👀

GM, GA, or GN wherever you may be.

Want to stay ahead of the curve? Don't worry we got you. The market has been brewing, here's what's currently happening:

Bitcoin has surpassed one billion transactions after 15 years.

SEC Chair Gary Gensler becomes visibly annoyed when questioned about cryptocurrencies.

Former Binance CEO CZ Sentenced for US Banking Law Breach

SEC Postpones Decision on Invesco Galaxy Ethereum ETF

Suspect linked to ZKasino rug pull apprehended in the Netherlands.

Crypto Is A Key Issue For 1 in 5 Voters In The 2024 US Elections, Digital Currency Group Says.

🎉GIVEAWAY TIME🎉

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Leveraging Telegram’s 900M+ Users with directly playable games, IP crossover partnerships with Gamee, ZED RUN, and more!

Thanks to our frens over at Inferno Labs we have GTD and Waitlist spots up for grabs.

Simply email [email protected] with your X id email subject 'Anomaly'. Winners will be drawn in 72 hours, and notified by X DM.

Must be following Anomaly, Inferno Labs, Alphabot, & Seven 

🔮 NFT EVENTS & DROPS 🔮

So many mints, so little time.

1. @PK_Alterna_EN

   “Phantom of the Kill -Alternative Imitation-” where you can train your own unique Killer Princess.

   Mint Date: May 9th

   Supply: 300 FREE MINT

2. @bitmagic_nft

   First original NFT launchpad and marketplace on #BTC

   Mint Date: May 9th

   Supply: 5000

3. @PlayEFAS

   Calling 100,000,000 Gamers to Arms. Open-Galaxy MMORPG Looter-Shooter Backed by Solana.
   Mint Date: May 10th

   Kepler Citizenship Passport NFT mint 101 👇

   Supply: 1,000

4. @ParadiseTycoon

   Build your paradise, have fun with friends & become ultimate tycoon in Paradise Tycoon's multiplayer world!

   Incubated by @Seedifyfund, powered by @Immutable

   Mint Date: May 10th

   Supply: 1500 FREE MINT

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₿ ORDINALS/RUNES ₿

▣ Runes Updates ▣

UNCOMMON•GOODS
The #0 Rune by Casey Rodarmor, the creator of ordinals and rune protocol, has 16k+ holders already with over 1 million mints completed, consuming 55+ BTC in mint fees. It will continue minting until the next Bitcoin halving in 4 years.

Z•Z•Z•Z•Z•FEHU•Z•Z•Z•Z•Z
The #1 Rune announced their tokenomics - allocating 99% to the Team and 1% to the Public. The public allotment has been fully minted, consuming 366 BTC in mint fees. They also tweeted out a list of other runes featuring the term “FEHU,” hinting at further developments with the statement, “This isn’t even our final form.” Subsequently zk tweeted the same statement but swiftly deleted, sparking speculation without confirmation. HGEABC made a public offer of $6 million USD to acquire the 99% team allocation.

DECENTRALIZED
The #2 Rune completed its holder airdrops on April 29. Subsequently its price has experienced a steady decline, currently at ~3.3 sats at time of writing. Despite this, it has done over 103 BTC in trading volume. The Promethean ordinals have also seen a significant decline in price following the snapshot, as expected.

DOG•GO•TO•THE•MOON
The #3 Rune has maintained a relatively steady price range between 4-6 sats since its launch. It remains the Rune with the highest trading volume, sitting at $267 million market cap. Additionally, Runestone continues to offer whitelist benefits for various ordinals projects.

EPIC•EPIC•EPIC•EPIC
The Blobs team made a significant acquisition of the 4th Epic sat of halving block 840,000 through auction, paying 33 BTC. For the first time ever on an Epic sat, they inscribed an interactive audio-visual message onto it. Additionally, they etched and initiated the minting process of the first epic rune. The public allotment of 5% was quickly minted within a few hours, consuming nearly 55 BTC in minting fees. The remaining 95% of the supply had been pre-mined.

MAGIC•INTERNET•MONEY
The Wizards team announced their distribution strategy for their rune, allocating 95% to WZRD BRC-20 holders and 5% to wizards holders. The distribution is expected to take place in mid-May.

🪙CRYPTO DIGEST🪙

Bitcoin’s Market Dynamics

Last week, Bitcoin (BTC) experienced its largest correction of the current cycle, plunging 23.4% to a low of $56,500, before re-entering its established trading range. The range between $71,300 and $61,769 remains intact, and the week concluded with a bullish hammer candle, indicating strong buying interest at lower levels. This suggests that while Bitcoin is yet to break out decisively, it remains within a bounded trading pattern. Accumulating during such dips could be strategic, given the ongoing bull market's potential. However, the summer months might see a lull, with the market possibly remaining rangebound, presenting repetitive buying opportunities at the range's lower bounds until a clear breakout occurs.

Ethereum and Altcoin Market Dynamics

ETH/BTC returned to the critical 0.049 level after showing bullish signs two weeks ago. If Bitcoin continues to meander within its current range, Ethereum, along with other altcoins, may face further pressure, potentially revisiting cycle lows. Currently, the broader altcoin market, including Ethereum, is likely to lag behind Bitcoin until a shift towards more accommodative monetary policies is realized.

Economic Indicators and Market Sentiment

The broader economic landscape is showing increasing signs of strain, underscored by a higher-than-expected unemployment rate and a disappointing U.S. employment report. These developments have reignited fears of a potential recession, placing heightened focus on the upcoming Producer Price Index (PPI) on May 14th and Consumer Price Index (CPI) on May 15th. These indicators will be pivotal in shaping market expectations and could influence ongoing trends. The resurgence of recession concerns is prompting market participants to tread cautiously, as the implications of worsening economic conditions could extend beyond traditional markets to affect cryptocurrency dynamics significantly.

Navigating the Current Cycle

As we proceed, it’s crucial to remain vigilant and responsive to both market movements and economic indicators. While the market may experience short-to-medium term volatility due to current economic uncertainties, the macro trend remains bullish. Investors should maintain a balanced approach, prepared for potential lulls and volatility, while capitalizing on strategic buying opportunities presented by market corrections. Monitoring upcoming economic releases will be essential in anticipating shifts in market sentiment and adjusting strategies accordingly. Staying attuned to these dynamics ensures that investors can navigate through periods of uncertainty while positioning for the continuation of the broader bullish momentum.

📜FOR THE CULTURE📜

The Mysterious XCOPY

In the world of crypto art, there are pioneers, and then there's XCOPY. One of the most important artists in the NFT space, the mysterious figure who emerged from Tumblr's GIF culture in 2010. His story demonstrates the revolutionary potential of blockchain technology and digital art. Based in London, he began his artistic journey where he showcased his early GIFs and experimental art.

His journey into the world of NFTs began in late 2017 when he discovered a platform using Bitcoin to create digital editions. By early 2018, XCOPY was minting his creations on SuperRare, one of the first artists to do so on the platform.

XCOPY's art is a blend of punk aesthetics and psychedelic influences. His pieces often feature neon skeletons, hallucinating frogs, and otherworldly landscapes, creating a surreal and captivating visual experience. What sets XCOPY apart is his mastery of motion, using glitch-based animation to bring his creations to life. His style is also known for the bright neon colours he uses and a touch of darkness, which quickly caught the attention of the online art community.

XCOPY's influence on the NFT space cannot be overstated. As one of the earliest and most successful crypto artists, he has set a standard for creativity and innovation. With multiple seven-figure sales and a dedicated following, XCOPY continues to push the envelope in crypto art. As the NFT space evolves, XCOPY remains a strong influence, inspiring artists and collectors alike to explore the endless possibilities of digital art.

XCOPY's impact on the NFT space is undeniable. As a pioneer, innovator, and provocateur, he has challenged the status quo and redefined what it means to be an artist in the digital age.