Whips

[WoSSCapital @WoSSCrypto]

Last week was all about rising yields and rising volatility.

This week? Oil collapsed, volatility compressed, yields fell, equities rallied, Bitcoin bounced and the physical oil market delivered another constructive signal on resolution of the Iran situation.

The distribution improved meaningfully.

But not because risk disappeared. Because the market is increasingly pricing two outcomes that haven't happened yet: a signed Iran deal and a benign FOMC.

In this week's report:

• Why a 4.2% CPI print didn't move the bond market
• The strongest OMOIL/Brent signal we've seen so far
• Why falling VIX and falling MOVE matters
• The structural lessons behind SpaceX's $1.75 trillion IPO
• Updated distribution outlook, risk barometer, and Valkyrie positioning

Compression isn't resolution. But the market is pricing a better future. Next week may tell us whether it's right.

--WoSS

(video to follow later today)

https://t.co/ODNgTlRGQA

[Whips @whips99]

@Punk4725 Ooofff cracking Punk

[bleezy @bleezynheem]

Happy Punks Day!

[beautifulnfts.eth @beautiful_nfts_]

🎉 Today is @cryptopunks 9th birthday.

But I keep coming back to a different date:

June 9th, 2135.

That’s a rough estimate for when the CryptoPunks artwork enters the public domain.

And most of us will never see it.

🧵

https://t.co/Sh9XpmurR5

[v1 CryptoPunks Bot @v1punksbot]

🚨 CryptoPunk V1 #7844 was sold for Ξ9.500 ($15,992) on OpenSea marketplace

from: 0xfB0...c0e9C
to: 0x0e3...69E0e

Punk profile: https://t.co/7qltlWxa7y
Etherscan: https://t.co/BrcYdXtEwJ

[2sharts @2sharts]

$24,000

This is what I have made with @AceTrader in 4 months.

I just received my $7000 cash out from last week.

I am not an expert. Just a shooter taking shots. Like me, you don't know unless you try. Up to $24k instant funded accounts available now @AceTrader

[9GAGCEO @9gagceo]

Time to rip open some packs 🏴‍☠️

See you at the Townhall.

https://t.co/3Qo9aESAsp

[Whips @whips99]

@WorthingFC

[Whips @whips99]

p u n k s

[Whips @whips99]

RT @RealPapii: Easy decision to cop a v1 Punk after doing some research

Will I still cop a v2 before end of the year, yes but here's the r…

[beautifulnfts.eth @beautiful_nfts_]

One thing the market (myself included) is slowly realizing:

There may never have been a technical need for a v2 CryptoPunks contract.

@jalilwahdat's v1 helper contracts are making that much clearer. They show how the original contract's issues around sales and bidding could have been solved through additional infrastructure, without redeploying the collection itself.

A detail that feels increasingly difficult to ignore.

[Whips @whips99]

@TheStevenWarner @RealPapii

[Papii @RealPapii]

I’ve never really considered getting a V1 Punk until recently

The debate is always interesting and there are die hards on “both sides”

I’ve owned several V2 Punks

But V1 are becoming attractive atm

Curious to hear some thoughts ?!

Also need to find a banger V1 if I go that route … not sure tbh

[Warner @TheStevenWarner]

@RealPapii Yes…

The answer is yes…

[v1 CryptoPunks Bot @v1punksbot]

🚨 CryptoPunk V1 #2441 was sold for Ξ8.569 ($16,132) on OpenSea marketplace

from: 0xfB0...c0e9C
to: 0x22d...20E9B

Punk profile: https://t.co/qHW9nLsiSp
Etherscan: https://t.co/u744oLqmNz

[Chris 🍌 @chri5_colex]

Gm ☕️

Copped a V1 Punk.

🗝️A symbol of history
🥇The original contract

The one that started it all, before the world was paying attention.

This isn't just a jpeg, it's a timestamp on the blockchain forever and have to say this one’s lit!

[RD @RogerDickerman]

THE DAM SHOW: JALIL & EFDOT! https://t.co/oPhbFGZuan

[Sean Bonner🔥 @seanbonner]

I think people are under celebrating the poetic beauty that @jalilwahdat built a fix to safely trade V1 CryptoPunks on the og contract, but to transfer the V1 of his punk, I listed it unsafely on the og contract, he bought it from me, and then withdrew his own eth back. This is literally the bug that forced the replacement contract back in 2017, but we used it intentionally. I just love it.

https://t.co/pKD7raqh5V

[Whips @whips99]

@jalilwahdat .6980 on the bugged contract is 👌🏼

[jalil.eth @jalilwahdat]

thanks to the generosity of the CryptoPunks community, the two CryptoPunk #6980 tokens are, after years of separation, united again.

tinkering with the programmability of the World Computer is a great honor, and building the punksmarket.eth smart contract one of my most (personally) unexpected creations so far. i don't take it for granted and i strive to treat it with the utmost respect to the underlying medium.

i stumbled upon this beautifully simple extension that fixes a 9-year old bug while working on a new auction house for CryptoPunks, but i've been ruminating on this for much longer...

CryptoPunks means a great deal to me personally. Reading Matt and John's smart contract over half a decade ago is what first sparked my interest in Solidity and it has become an obsession to keep experimenting with what they have built.

thank you CryptoPunks, and thank you Ethereum!

ps: i purchased the V1 from @seanbonner - who made all this possible - for a poetic 0.6980 ETH, through the original bugged marketplace contract. the bug attributes sale proceeds to the buyer, not the seller, so it was effectively free. Sean had purchased it for 5.0 ETH from the original claimer Mr703, with the generous contributions from 65 people.

ps2: below on the left, token #6980 from the initial CryptoPunks.sol smart contract, claimed on June 17th 2017, and on the right, token #6980 from the fixed CryptoPunksMarket.sol smart contract, redistributed by LarvaLabs on June 22nd 2017. since there is no "official way" of rendering the V1 tokens - the odd rendering of the V1 is a personal choice: i've lovingly called the V1 tokens "broken punks" for years, hence the glitched reinterpretation, and since the canonical 10k CryptoPunks image immutably linked in the smart contracts is transparent, i like to display it on a colorless background. which to me in itself is poetic because punk #6980 is one of the four black and white punks in the entire CryptoPunks collection.

ily all and thanks again!