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Bored Apes Appear on Snoop Dogg and Eminem’s New Music Video

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© Reuters Bored Apes Appear on Snoop Dogg and Eminem’s New Music Video

    • Snoop Dogg and Eminem released a music video featuring their BAYC NFTs.
    • The song, titled “From The D 2 The LBC,” premiered at ApeFest 2022.
    • Both artists are involved prominently with BAYC and NFTs.

On June 24, Snoop Dogg and Eminem released a track called “From The D 2 The LBC” which prominently features Bored Ape Yacht Club. Snoop Dogg’s Bored Ape #6723 and Eminem’s Bored Ape #9055 are heavily featured in the highly stylized and animated music video. Both rappers are known to be involved in BAYC and even attended ApeFest 2022 from June 20-23.

The duo held the world premiere of the song during ApeFest 2022 at New York City’s Pier 17. The collaboration and premiere were kept a secret from the public, as were most of the lineups in the event. In the end, ApeFest 2022 featured artists such as Timbaland, Lil Baby, Haim, Questlove, Future, Lil Wayne, and of course – Eminem and Snoop Dogg.

Both Snoop Dogg and Eminem have exposure with BAYC, as the artists noticeably promote their Bored Apes on Twitter (NYSE:TWTR). Eminem’s Twitter profile picture has the same Bored Ape #9055 that appears heavily in the collab music video with Snoop. Meanwhile, Snoop Dogg has actively used his Bored Ape #6723 – which he’s dubbed “Mr. Bombay” – prominently when promoting merch and other collaborations.

Snoop Dogg in particular has been heavily involved in the NFT world. The rapper, and singer-songwriter has collaborated with The SandBox and Clay Nation, has announced his record label “Death Row Records” to involve NFTs, and has even invested in NFT-themed restaurants.

In related news, ApeFest 2022 was Bored Ape Yacht Club’s second annual ApeFest to date. Being one of the NFT world’s biggest events this year, it was sponsored by Web3 Platform Polygon and was powered by BAYC and TokenProof. The event featured secret performers each night as well as NFT-themed food establishments.

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Cryptocurrency

‘Crypto is just like the end of the 90s with the internet bubble,’ says Hodl CEO Maurice Mureau

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‘Crypto is just like the end of the 90s with the internet bubble,’ says Hodl CEO Maurice Mureau

For Maurice Mureau, CEO of crypto investment fund operator Hodl, there’s “not a lot left” to invest in anymore. With soaring inflation, bonds are no go, real estate is getting more difficult but there is one asset class that’s (unsurprisingly) catching the fund manager’s attention — cryptocurrencies. During the European Blockchain Convention in Barcelona this week, Cointelegraph editor Aaron Wood sat down with Mureau, who gave his insight on the outlook of the digital assets investment landscape.

“It’s just like the end of the 90s with the internet bubble, so you’re still early in the space,” said Mureau. “A very solid use case for crypto is becoming apparent in the gaming industry, where people invest time that you can earn from it, and that’s all arranged by the blockchain.” He reiterated that there would be only 21 million Bitcoin in existence with no more printing. Therefore, alluding to hyperinflation in Turkey and Argentina, Mureau said that central banks can’t print more of the digital currency. “So that, for me, makes for a very safe hedge. Thirty percent volatility in asset prices can be bad, but not if you lose 70% on your local currency’s purchasing power each year.”

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Final Capitulation — 5 reasons why Bitcoin could bottom at $10,000

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Final Capitulation — 5 reasons why Bitcoin could bottom at $10,000

Bear markets have historically been challenging to navigate for traders and the conventional set of “reliable” indicators that determine good entry points are unable to predict how long a crypto winter might last.

Bitcoin’s (BTC) recent recovery back above the psychologically important price level of $20,000 was a sign to many traders that the bottom was in, but a deeper dive into the data suggests that the short-term relief rally might not be enough proof of a macro-level trend change.

BTC/USD price normalized since all-time high (Current vs. 2017 peak) source: Delphi Digital
ETH/USD price percent drawdown (current vs. prior ATH). Source: Delphi Digital
BTC/USD weekly price vs. 14-week RSI. Source: Delphi Digital
BTC/USD price vs. 200-week SMA and 14-week RSI. Source: Delphi Digital
Crypto Fear & Greed Index. Source: Alternative
BTC/USD vs. Fed funds rate vs. Fed balance sheet. Source: Delphi Digital
BTC/USD price vs. percentage of supply in profit. Source: Delphi Digital

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Price analysis 6/27: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, SHIB, AVAX

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Price analysis 6/27: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, SHIB, AVAX

Bitcoin’s (BTC) current bear market is one of the worst, according to a report by on-chain analytics firm Glassnode. This was the first time in history that the Mayer Multiple slipped below the previous cycle’s low. Bitcoin’s fall below $20,000 on June 18 also marked the biggest loss ever booked by investors in a single day at $4.23 billion. Considering the above factors and a few other events, Glassnode believes that the capitulation in Bitcoin may have started.

Bitcoin whales seem to have started their purchasing, suggesting that the bottom may be close and on June 25, analytics resource “Game of Trades” highlighted that demand from whales holding 1,000 to 10,000 Bitcoin witnessed a sharp spike in demand.

Daily cryptocurrency market performance. Source: Coin360

BTC/USDT daily chart. Source: TradingView
ETH/USDT daily chart. Source: TradingView
BNB/USDT daily chart. Source: TradingView
XRP/USDT daily chart. Source: TradingView
ADA/USDT daily chart. Source: TradingView
SOL/USDT daily chart. Source: TradingView
DOGE/USDT daily chart. Source: TradingView
DOT/USDT daily chart. Source: TradingView
SHIB/USDT daily chart. Source: TradingView
AVAX/USDT daily chart. Source: TradingView

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