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⌐◪-◪ → Bored Ape Yacht Club’s floor briefly dropped to 10 ETH ($30.8k) yesterday, a 90% drop from its all-time high.

With that said, a handful of rare BAYC NFTs recently sold well over floor price, like BAYC #830 which sold for 504.3 ETH ($1.92M) last month along with a handful of other 30+ ETH sales.

Mutant Apes aren’t doing so hot either, with minters down 10% even after factoring in massive Otherside, Apecoin, and HV-MTL airdrops.

The real question is → Is this the end for Bored Apes or just a bump in the road? Let me know what you think in Specs Chat!

As for now though, it looks like Rolling Stone was right.

⌐◪-◪ → OKX just released its own L2 network 'X Layer' on the public mainnet, joining the ranks of other major exchanges, like Coinbase and Kraken, starting their own L2 networks.

For context, OKX is the 4th largest centralized crypto exchange after Binance, Coinbase, and Bybit.

'X Layer', previously known as X1, uses Polygon’s chain development kit (CDK) - a customizable toolkit that lets developers build chains using zero-knowledge proofs. Coinbase’s Base on the other hand is built with Optimism’s OP Stack.

This move means OKX’s 50 million users now have an easy path to real on-chain activity, with access to over 170 dapps off the bat.

What we’re ultimately seeing here is the blurring of lines between centralized exchanges and decentralized finance — where these exchanges (effectively neo-banks) become mere gateways/portals for users to access blockchain technology in a safe, easy, and compliant manner

In my opinion, this is the future of TradFi.

⌐◪-◪ → The Bitcoin halving is 3 days away and the hype is palpable, with major exchanges like Coinbase and Kraken dropping fantastic Bitcoin commercials.

The original halving estimate was on 4/20, but now it’s estimated to happen on 4/19 — only 509 blocks remain (~10 min each).

Meanwhile, other signals include:

• Google searches for “Halving” are going parabolic, surpassing even 2021 bull-run levels

• Peter Schiff gets wrecked on Fox News by Natalie Brunell, in a classic Gold vs. Bitcoin debate

I seriously can’t wait to see what happens this halving. Historically, of course, the halving is the start of a massive bull run, but this cycle is materially different from the last 3 halvings because:

1. BTC hit an all-time high prior to the halving

2. We now have spot Bitcoin ETFs on Wall Street

3. Corps, Banks, and entire Nations are accumulating BTC

I’m just here for the ride and will be happy no matter what happens, and you should be too. Don’t get caught up in price action guys or trying to time the market, you can never play the perfect game. The best move for 99% of us is to simply dollar cost average and hold. If you can do that, you’ll thank yourself in 10 years.

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