Mando Minutes

7th August

Things I’m looking at today…

Crypto

  • Huobi FUD as stablecoins + TVL leave exchange, Huobi denies issues

  • Curve hacker fails to return rest of funds ($18m out of $72m)

  • MakerDAO now offering 8% on $DAI deposits (not to US users)

  • BASE TVL now >$100m

  • Long-term Bitcoin holders hold the most ever

  • Bitcoin volatility lowest in 3 years

Macro & General

  • US CPI (Thursday): 3.3% exp, would be first rise since June 2022

  • Nuclear fusion breakthrough repeated by US scientists

  • LK99 superconductivity shown again by Chinese scientists

  • Niger closes airspace after France + US backed coalition ultimatum expires

  • US Regional banks still borrowing $900bn from government

NFTs & Low-Cap

  • $BITCOIN rises above $100m, $SOLANA, $ETHEREUM, $CHAINLINK follow on similar narrative

  • $YGG rises 265% in a week, suspicion of market-maker manipulation

  • $TOSHI rises 60% in a week, main memecoin still on BASE

  • $RLB rises 60% in a week, announcements expected this week

  • Blur NFT farmers down $200m in 5 months

  • FBI issues warning on NFT scams after prominent hacks

  • Jack Butcher x Pudgy Penguin collab teased

  • Utility Wen teams up with El Salvador gov to link coffee company with NFTs

  • Red Bull Velocity Pass NFT sells out, does 3x

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