Bitcoin joins the $1 trillion-plus club

NFT Insider Trading? Quiet Bull Market and more.


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The Boys

Writer: Deana

Big Week for Bros. Written by Boys Club podcast host Blake Finucane. It was announced on Friday that Yuga Labs, creators of Bored Ape Yacht Club, acquired Kevin Rose’s NFT project PROOF, which includes the PROOF Collective, Moonbirds, Oddities, Mythics and the Grails exhibition series as well as its team and intellectual property. It was apparently an all stock deal, and they plan to continue running the Proof Collective “as it is.” The news is generally being received horribly and Yuga holders are furious. Yuga’s $APE coin and its corresponding NFTs have been on a downslide for months, and their POV is that it’s hard to see how this acquisition will support the existing ecosystem. Also PROOF’s asset price skyrocketed before the announcement this week and the insider trading rumors are swirling. Sh*t like this is why people hate NFTs. As a Bored Ape holder, how do I feel? Well, bullish for Pudgy Penguins. This has continued to be the top project in NFTs, delivering high visibility partnerships and activations.

Markets. Need a palate cleanser? Check out Coinbase’s big Q4 earnings. Bitcoin kissed a $1 Trillion market cap again this week, after hitting a recent high of $52,000. Trad investment firm Franklin Templeton filed for an ETH ETF. Will ETH hit $3K sometime soon? There will be signs. Bitcoin’s L2 szn is blooming. Folks are calling it the Quiet Bull Market.

Catch the week’s internet news in 6mins by Boys Club Reports on the Pleasr News Network, PNN.