Gm gm,

Woof. What a week. Last weekend markets went into full meltdown, with at least $19B in liquidations. This was the largest liquidation event in crypto history, and although  BTC did OK, many altcoins were annihilated. 

Some of y’all were leveraged up to your eyeballs and it shows. For an in-depth look at wtf happened, check out these breakdowns from Zeneca and Bankless.

Honestly, things still aren’t looking so hot.

The Headlines:

• Raoul Pal stirred up some controversy in a recent Verse interview, claiming all art to be derivative of XCOPY, Beeple, or Diewiththemostlikes.
  

• Art Block’s Marfa Weekend is in full swing.
  

• Reddit NFT Vaults will shut down by January 1st.
  

• MegaETH announced a “potential crypto-asset offering in the near future”, and bought back 4.75% of the company from investors.
  

• Moonbirds CEO expressed some concerns about Strategy coins.
  

• Drama on the timeline around Binance listing fees, with CZ clapping back.
  

• Metamask is making Polymarket available in-wallet.
  

• Monad’s airdrop stirred up some bad sentiment among active users.
  

• Paxos accidentally minted and burned $300 TRILLION worth of PYUSD.
  

• Folks in Australia and Vietnam were queueing to buy gold this week (at all time highs).
  

From the timeline:

The lols will see us through 🥲

Minting Now:

IRL Summer Week 4 is live. Refraction x Base bring another 4 artists to the Base mini app (also available on Rarible.com). This week Cindy, sunshinevendetta, zenshortz, and stipinpixel are all up, and minting for just 0.001 ETH ($3.79).