catching up on last week's trending stories

GM Baos,

There are quite a lot of things on the top trending charts these past few days. From the Azuki Elementals launch to BAYC fluctuating in pricing, we’ll cover everything!

Today we cover:

• Azuki Elementals

• BAYC price

• Crypto markets

Azuki Elementals

Azuki recently made an exciting announcement about their latest venture, Azuki Elementals, a sister collection to their existing project.

This new project will consist of 20,000 tokens, all managed by Azuki. Both Azuki and Beans holders will enjoy exclusive access to the advanced presale, which is scheduled to begin at 9AM PT on June 27th.

During their Las Vegas event, Azuki made an intriguing revelation. All Azuki holders will receive a special and undisclosed Elemental, which will be locked until after the sale.

In addition to this, they will also receive a commemorative NFT.

Azuki Elementals plans to reintroduce the Dutch auction style for selling these NFTs, starting the auction at 2 ETH and gradually decreasing the price to as low as 0.1 ETH if demand doesn't meet expectations.

With this sudden and exciting announcement, we eagerly await the success and reception of Azuki Elementals! 🫡

BAYC price fluctuations

Recently, prices for Bored Ape Yacht Club (BAYC) have fluctuated between 39 ETH and 34 ETH 😅

Notably, these movements were driven by significant sell-offs carried out by the one and only MachiBigBrother, who sold a total of 19 apes in one go, with the total transaction netting around 651 ETH.

Machi was also responsible for acquiring around 13 apes through blur bids, saving the floor of the apes on the same day.

Despite these events, BAYC prices have rebounded to approximately 37 ETH since the time of writing. However, this raises concerns about the vulnerability of one of the most highly valued blue-chip assets in the NFT space.

This situation highlights the significant influence held by Machi in the crypto community and underscores the scale of the challenge faced by ZachXBT.

It is undoubtedly an interesting time to be involved in the Web3 space.

Crypto is on fire

As multiple companies and asset funds gradually enter the crypto market, it's no wonder that cryptocurrencies are currently in high demand.

Diving deeper, we can observe that more corporate giants are beginning to offer Bitcoin ETFs, including HSBC.

Additionally, government bodies such as the SEC have started approving ETF filings, as they actually approved their first one last week!

These developments will undoubtedly boost trading activity and volume in the crypto market, marking the initial steps of Web2 and Web3 adoption we’re all looking forward to.

Bitcoin's established and recognized value as a store of wealth is showcased by its increasing popularity, indicating positive prospects for the future.

Make us Kek

That’s me steaming off for now, but don’t worry we’ll be there to update you in the future for more dumpling-filled market action! 🥟

–Bluejohn