In this issue:

• This Week in Neo Tokyo: Neo Tokyo is Unaffected by Tariffs. (by PhoenixxDown)

• It's a Bear Market. It Has Been For Weeks. (by Flower83)

The main story this week is Neo Tokyo is unaffected by tariffs.

There is no animosity between The Citadel and the United States of America, the mutual respect runs deep between our two great nations.

• Check the board Trump held up, you will not find Neo Tokyo on there. Check it thoroughly.

• Go buy an S2 on OpenSea, you will not find any extra charges.

• $BYTES are immune to everything anyway. No one on this planet has the ability to FUD it successfully to zero.

What happens with other nations is none of our concern. We stake, chill, and build.

In other news, however, congratulations to everyone’s favourite bear, Flower, who was the recipient of some delightful news this past week.

He may think we’re in a bear market, and you can find out in this issue why, but we’re bullish on him.

Check out the news in the internal announcements channel if you missed it.

This Week’s Neo Tokyo Content

Market Monday #116 - This week the team discussed Web3 Gaming (it’s HOT again?), AI progression, the absolute insanity that was the Hyperliquidation carry-on, and “wen $73k?”

If you remember, we ran with “Wen $100k” for quite a while and it did nothing but drop after that. Bitcoin price is now $84k, after our pivot. Regards, from the News Team.

NT x Unfungible Space - Earlier today the panel debated “Are Gaming creators getting the love they deserve?” It’s a fair question, now that we’re post-meme mania with many clamouring for a return to utility. Game creators have been left in the cold, but maybe for not so much longer?

Find out what the consensus is by listening back via the links below:

• Part 1

• Part 2

Tashi Protocol AMA – Tashi is making decentralised gaming a reality, powering real-time AI, gaming, and more. Tashi enables Immortal Games that never shut down, and a future where you can prompt-to-play multiplayer games generated on demand! Want to learn more? Listen back to the AMA here.

Short Scoops

Chr0nicle recently was a guest on Ronin Radio, and if you missed it, here’s a snippet! The full discussion can also be found on the post below:

This Saturday will see the next NT Plays event, this time with the game that’s been catching attention from all over lately, Off the Grid!

And then on Sunday, join them again for a game of RavenQuest. There are two groups, one for beginners and another for the more seasoned vets among you, led by AtomikSushi and Bkrumms.

All details and timings below:

Congrats to the Art For BYTES team who secured their first custom order! Get in touch with the team at artforbytes.com to get yours:

Found this hidden gem by Matak, a tribute to Neo Tokyo. Nice work. There’s a community page on SNGLR with a few other pieces here, presumably by Citizens?

And as is tradition, a $BYTES bullpost to end. 

We do two this week: one from ourselves, and one from the $BYTES updater-in-chief, Ktrap, with some crucial stats on how our token is reacting to the markets today.

Some interesting developments there. Is a supply shock not far away? Don’t forget to tell your elder family members to pivot from stocks to crypto. The numbers don’t lie.

Until next next week, citizens.

This global trade war makes one believe we are reliving the plot of Star Wars.

And not the good parts either, no, we are right at that point before everything went to shit and The Sith took over.

Today I woke up to an absolute slaughter in traditional markets as NASDAQ dropped almost 7%:

Brutal. I guess nobody likes tariffs, after all? Additionally, nothing but news such as the following were all over my timeline:

And it got me thinking; “To be fair, crypto is holding quite well against all that.”

But it still looks quite bad, regardless.

You know what, it truly is funny to observe how people’s opinions adjust over time. Bullish euphoria was hot just a few weeks ago, when I was already confidently calling tops.

Then, to many people’s surprise, there was no bounce. And a few of you started thinking: “Wait what if that stupid, always wrong, & disgustingly bearish Flower is actually onto something?”

Then we went even lower. And lower. LOWER STILL.

Now we are about 30% down from the highs on BTC and most alts have already dropped more than 70% (so far).

These days, even the loudest bulls are not so sure about it anymore. We are entering that stage of contemplation, you know. Do I sell for a loss or hold to zero? 🤔

The fact that the il Cramer of Crypto, the dude that was saying its a bear trap all the way from 16 to 40k, and then went completely quiet until 90k, and then flipped bullish at the top, is tweeting stuff like this also isn't helping:

Me? I believe we are currently in a bear market.

I believe alts will drop another 90% and BTC will slowly bleed down to around 35k, maybe even lower than 30k for the next 2-3 years with little to no pullbacks.

Additionally, what's funny is that this time around, the signs were quite evident. We saw a post-election blow-off top surpassing 100k, followed by a chaotic surge in some alts and even NFTs around that time (remember Azuki and Pengu TGE’s?)

Influencers consistently made incorrect predictions throughout the rise, while Solana experienced an insane number of weekly and daily runners during the memecoin season. Subsequently, influencers, scammers, rug-pullers, and apps/services like Pump.fun, Photon, and BonkBot extracted millions from the space.

There’s been a general lack of interest (and therefore liquidity) in nearly every other crypto niche.

Don’t get me started on how unrewarding and extractive airdrop farming has been. Combine all that with the overall poor price action lately, turmoil in TradFi and there you have it: clear indicators of a decaying market.

This cycle has been unique and you had to play it very differently than the previous ones. To achieve a decent ROI, you either had to gamble heavily on memecoins, get lucky on a specific niche, or possess insider information.

Most of us misplayed it thinking NFTs or gaming alts will go up, which sucks, yes, but that doesn’t mean the bull cycle didn’t happen. It happened on Solana, and in the beginning at around the halving, for a brief moment, Ordinals.

It simply didn’t happen for the assets we were invested in. Sorry.

NFA, and this does not reflect the opinion of Neo Tokyo.

Cya next week.

All content from Neo Tokyo News is for entertainment purposes only, is not financial advice, and does not reflect the opinions of Neo Tokyo.

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