Message in a Bottle Newsletter
The Current Market
It could be another significant week for cryptocurrency, according to Tammy Da Costa, an analyst for DailyFX, who noted on Saturday that reports on American manufacturing and employment are coming this week and may have an impact on central bankers’ financial regulations. “Technically, a hold below $21,000 and below the bearish flag’s lower bound at about $20,300 could cause price action to return to the July low of $18,905, with the June low then coming into play at $17,592.” According to data from Coinglass, the last two Fridays have been difficult ones for the cryptocurrency market, with the most recent one seeing the liquidation of $288 million in equities. The most realized gains since June 13th, were liquidated on August 19, totaling $562 million.
The second-largest token, Ether, initially fell as much as 4.1% on Monday before climbing back, eventually recovering to 3.5% to trade at $1,530, still below its recent high of $2,000 per token- prior to its eagerly awaited Merge upgrade, which is scheduled for mid-September, it has been fluctuating. In a letter published on Friday, experts at Bitfinex noted that bearish sentiment appeared to be spreading to all so-called risk assets. “Ethereum’s dip ahead of the upcoming Merge is also notable,” they added. The crypto currency space’s notoriously volatile environment “shows no signs of slowing down.”
After a difficult sell-off in May and June, Bitcoin (BTC-USD) is having a hard time attracting buyers. As the month of August came to a close, Bitcoin displayed signals indicating it was “just barely hanging on” above $20,000, a price that has been a point of contention for traders recently. The price of Bitcoin fell over this past weekend to a 7-week low of $19,616. After rising on Monday, its price fell once more on Tuesday, reaching a low of $19,649. According to data from Yahoo Finance, Bitcoin was trading around $20,300 as of Wednesday morning, down 7% from the previous week and 15% from the previous month.
Yachting & the Maxi Yacht Rolex Cup
J-Class yachts, which were abandoned prior to World War II, have returned to the water at the Maxi Yacht Rolex Cup, and were reconstructed using vintage designs. Although it is uncommon for sailors to fall off the deck of a massive J-Class yacht, there is enough risk that each J in competition includes a chase boat to save those who do. Envision maneuvering massive sails on a cramped, sloping deck, without the safety net of the lifelines common on other boats. On J-Class boats, there are no lifelines because they would prevent the tacking of the massive forward sails, the jibs. Additionally, those lines would undermine the boat’s distinctive appearance, stemming from over a century of tradition.
The Maxi Yacht Rolex Cup, which begins on Monday in Porto Cervo, Sardinia, will feature competition from over 50 vessels, including four J-Class yachts. While many of the boats will be 60 to 80 feet long, Js are significantly longer, and their masts are substantially taller. Olympic gold and America’s Cup victor, John Kostecki, said of the Js: “The Js have the most graceful shape imaginable, and in their sheer enormity they portray a sense of grandeur that no other boats can match. They are so breathtaking when you first see them on the water.” The history of the America’s Cup saw a distinct phase for J-Class yachts. They were constructed in accordance with guidelines established at the turn of the century, and were selected for three America’s Cup races between England and the United States from 1930–1937.
The original Js were pricey throwaways only meant for racing. Through World War II, not a single vessel was kept in sailing condition. What couldn’t be salvaged for use in the war, was simply left behind. The original J-Class yachts outlived their intended use for racing and were not designed for relaxed weekend sailing. J-Class designs have subsequently been resurrected by a select few who can afford to indulge themselves in their majesty and elegance. There are now seven in existence. Velsheda, an upcoming competitor in Sardinia, was constructed in 1933 and left for ruin, in the mud, in 1937. The Dutch entrepreneur, Ronald de Waal, now owns and runs it, after it was saved in 1984. After a thorough refurbishment, it appears as it did in 1933. These boats’ helming is very stressful. Js are not quick to turn, due to their tonnage and archaic configuration, the long keel in particular.
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The X49E, a 49-foot yacht designed for long-distance cruising, is the first yacht with electric propulsion to be launched by X-Yachts. The owner, who intends to sail his yacht, and the Danish yard, collaborated closely. Technical manager, John Morsing, states that he and the owner “worked closely together. It was vital to choose the right project for our first boat with electric power. This owner is an expert on our boats and is extremely passionate about environmentally friendly, silent boating. Additionally, he wants to do blue-water sailing, which will place even more strain on the system.” Under the aft cabin bunks, on either side, are installed twin 10kW Oceanvolt ServoProp electric pods. They have a 28.8 kW lithium battery bank that provides a range of about 23 miles at 5 knots. The maritime industry’s market for electric propulsion is booming, with many different brands recently electrifying all of their most recent models.
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Luxury Hospitality
Beyoncé joined her husband,Jay-Z ,and their daughter, Blue Ivy Carter, on a superyacht in Croatia on Saturday. With a length of 96.55 meters, Faith is now ranked 59th among the biggest yachts in the world, so they have been enjoying themselves in style. With a crew of 32 and space for up to 18 passengers in nine modern suites, the lavish liner is also equipped with a fireplace, a sizable glass-bottomed pool, and an interior home theater. The cost of a weekly charter ranges between $1.2 million and $1.5 million, depending on the season.
Nobu announced an exclusive development partnership with Asset World Corporation (AWC) for the Nobu Hotel Bangkok and the Nobu Empire Restaurant in Thailand. The Nobu restaurant will be located on the rooftop and top level of the Empire Tower, a famous mixed-use building in the heart of vibrant Bangkok. With a design that will create an outstanding dining experience, the Nobu restaurant will provide the most magnificent panorama of the Bangkok skyline, including views of the Chao Phraya River. The location of the upcoming Nobu Hotel in Bangkok will soon be revealed, and AWC and Nobu Hospitality are working together to develop an altogether new, exclusive experience. Bangkok, a metropolis with over 11 million citizens and a foundation built on water, is quickly rising to the top of the most popular luxury vacation destinations.
Nobu Hospitality is listed among a select group of top-tier international luxury businesses and was named one of the 25 Most Innovative Brands in Luxury by Robb Report. The progressive expansion of Nobu Hospitality, founded on service, image, and reputation, now provides the full range of hotel, restaurant, and residence management for innovative projects all over the world. The Nobu brand, created by Nobu Matsuhisa, Robert De Niro, and Meir Teper, thrives in major cities throughout the world as the ultimate destination lifestyle experience.
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Luxury Is Our Love Language, a new brand creative platform from Four Seasons Hotels and Resorts, celebrates the company’s distinct and dynamic view of what defines luxury. The campaign, which was created by Publicis Groupe’s New York City-based creative group Le Truc, underlines the outstanding experiences that can only be provided by Four Seasons, thanks to their in-depth knowledge of their clients and their genuine care for their personnel. The creative introduces Four Seasons’ new logo, which will roll out over the course of the upcoming year, throughout the company’s complete brand portfolio and lines of business, including its hotels and resorts, restaurants and bars, residential properties, shops, and its private jet.
The locations are each “based on a true stay,” featuring artistic interpretations of moments when passionate Four Seasons teams went above and beyond to provide guests with anticipatory, personalized experiences rooted in generosity, kindness, and care. The inspiration for the sites came from real stories of actual Four Seasons guest experiences, as seen in feedback surveys, comments, and in conversations with hotel teams. Imagination and personal connection will define the future of luxury, per the data and insights, according to Four Seasons Chief Commercial Officer Marc Speichert. As we continue to develop and find new methods to represent our brand, “Luxury Is Our Love Language is the essence of this goal and a true statement of our ideals.”
Lazy 8ight Yacht Club
Greenchip NFT and luxury hospitality company, Lazy 8ight Yacht Club (L8YC), is integrating Web0 (real world) utility into the Web3 space. In addition to private luxury events in Web0, and one-of-a-kind traversable mega-yacht NFTs, L8YC provides unprecedented yachting services and unique experiences through its exclusive hospitality partnerships. L8YC’s experienced in-house sales team assists with yacht sales needs, whether one is looking to buy their first boat, or trading up for something new. L8YC experts guide clients every step of the way, and Lazy 8ight’s experienced captains also offer one-on-one custom consulting, both virtually, and in-person. The NFT and luxury hospitality company assists boat owners with a vast array of topics, like engine room 101, navigation, yard period consulting, and safety at sea. L8YC members enjoy day charters on one of L8YC’s yachts, starting at just $300. With full and half days options available, holders enjoy access to over 500 day charter yachts, both across the U.S., as well as internationally. L8YC’s in-house team of charter brokers help plan the perfect charter, whether an overnight excursion in Mykonos, or a week-long trip to Alaska. Lazy 8ight designs everything, from the itinerary and activities, down to the vessel itself, all while negotiating the best rates.
Additionally, Lazy 8ight offers private chef services. Their catering partner, The Herbal Chef, curates high-end nights to remember, with the option of CBD & THC infusion to enhance multi-course meals. Chris Sayegh, and his team, create luxury catering for events, offering options like caviar stations, raw seafood bars, luxury buffets, prime beef carving stations, king salmon filets and more. L8YC is also pleased to now offer event security, through their partner, Security & Consulting, and their team of experienced military special operations individuals, ex-law enforcement, and retired members of the intelligence communities. Lazy 8ight’s security partner utilizes extensive training to ensure events are safe and secure, while providing the highest quality close protection, surveillance, and counter measure programs to prominent clients, VIPs, select corporations, and organizations, worldwide.
Be sure to visit Lazy 8ight Yacht Club’s website at http://L8yachtclub.com for minting and luxury hospitality service inquiries, or visit their Discord, Twitter, Medium, and Instagram pages on social media to stay up-to-date on current L8YC news.
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