Weekly Recap 13.05.2023

🐵Web3

New Memeland Captainz leaks

Elon Musk pumps Milady

After Elon released the tweet you see below, the price went from 3.9 ETH to 7 ETH.

-4% in 24 hrs
+5% in 7 days
FP 4.1 ETH

Ben.eth makes $2 million, launching his own shitcoin

Collection Updates

NFTs are super slow right now.
Some events might bring attention back to NFTs:
- Azuki event in Las Vegas
- DeGods III
- y00ts^2
- ether mint
Important to keep in mind: It is very unlikely that those events will bring fresh money into the market. Currently, money is just rotating from shitcoin to shitcoin and from hype to hype.

Potatoz
+5% in 24 hrs
/% in 7 days
FP 2.9 ETH

BEANZ
+2% in 24 hrs
-4% in 7 days
FP 1.24 ETH

💰Crypto

Elon Musk steps down as Twitter CEO

The new CEO is going to be Linda Yaccarino.
Elon is not going to leave Twitter. In a tweet, he explained that he and Linda are going to be working on turning Twitter into the Everything app.

“Linda will focus primarily on business operations, while I focus on product design & new technology.”

Following that announcement, the Tesla stock moved up by roughly 3%.

Bitcoin
+1.5% in 24 hrs
-7.4% in 7 days
$26832

Ethereum
+1.4% in 24 hrs
-5.6% in 7 days
$1797

📊Traditional Markets

Is PacWest Bank going down next?

PacWest Bank mentioned that their deposits fell by 9.5% last week.
Their stock was down 25% at some point.

Powell mentioned that everything is alright when it comes to the banking sector …

Nasdaq 100
-0.35% in 24 hrs
+0.40% in 5 days

Dow Jones
-0.03% in 24 hrs
-1.11% in 5 days

DAX
+0.50% in 24 hrs
-0.30% in 5 days