The Insider #104

Daily Headlines & Deep Dives

Ascend
February 22, 2024

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Greg Solano (Crypto Garga) steps back in as CEO of Yuga Labs. He says they need to execute with a more cryptonative focus accross the entire company, which was the absolute necessity as we spoke in yesterday’s space. Garga highlights that the utility of BAYC comes from the network. Says they’ll focus on that more often. To be focused & agile enough, they are creating BAYC LLC as a Yuga subsidiary. BAYC LLC will be responsible for everything BAYC. He also says Otherside should be the living room of web3. Founder of Nifty Island commented: “So Yuga is trying to build Nifty Island ?”. My opinion, this was exactly what BAYC needed, bullish. (source)
Frank announces the merge of DeLabs & Dust Labs. They have parted ways with Kevin and Frank is the CEO of the merged company. I can’t foresee the effects of these announcements, hopefully the entire “De” ecosystem switches the narrative. (source)

Garga Becomes The CEO Of Yuga Labs Again

Tom Lee, an American entrepreneur and a full time participant of CNBC’s Fast Money, says Bitcoin could hit 150.000$ in 2024. He also says Bitcoin is sound money. Bitcoin is getting more and more recognition with every passing day. (source)
Brad Garlinghouse, the CEO of Ripple, says Ripple will welcome XRP ETF. The approval of Spot BTC ETF and the highly likelihood of Spot ETH ETF begs the question, which is the next ? XRP could definitely by the 3rd contestant for the ETFs. We could see it’s proposal and approval latest by Q2 of 2025. (source)

CEO Of Ripple Says Ripple Will Welcome XRP ETF

Highly anticipated NVIDIA ($NVDA) earnings report shows the company earned 22.100.000.000$ in revenue in Q4 of 2023. It is 7.2% higher than the expectations and it is effecting the markets positively. (source)

NVIDIA Earnings Higher Than Expected

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