Mando Minutes

Crypto resilient, stocks have worst day in 5 years, China retaliates

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Crypto

• BTC: 83k (0%), ETH: 1790 (0%), SOL: 116 (0%)

• Top Gainers: ATOM, ALGO, S, MKR, KAS

• BTC ETFs: -$100mn, ETH ETFs: -$3mn

• Crypto resilient amid stock market crash

• Tariffs correct imbalances, good for BTC: Hayes

• BlackRock meets SEC task force to discuss ETFs

• SEC acknowledges Fidelity SOL ETF filing

• $200m staked SOL unlocking tomorrow

• Whale unstakes $37m SOL, moves to Binance

• ETH Pectra upgrade postponed to May 7

• ETH tops chain by inflows over past week

• USDC now default currency for Binance Pay users

• Circle mints $534m USDC across ETH and SOL

• Justin Sun again calls FUSD insolvent

• TVL on Maple Finance ~12x in a year

• Genius Group banned from buying more BTC

• CZ to advise Kyrgyzstan on blockchain tech

• Bybit collabs with Zodia custody on security

• Tech spy paid in ETH to snoop for rival firm

Macro & General

• NASDAQ: 16.6k (-6%), Gold: 3110 (0%)

• Stocks posts worst day since mid-2020

• Stock Fear & Greed index reaches single digits

• Mag 7 index is down 30% from ATH

• Stock relying on global supply routes drop 10%+

• China imposes 34% retaliatory tariffs on all goods

• Canada announces 25% retaliatory tariffs on cars

• Macron urges firms to pause US investments

• EU considers fining X over $1bn

• Kalshi predicts 3 rate cuts in 2025

• US 10y below 4% for 1st time since Oct

• Japanese bond yields lead global declines

• All countries want to negotiate on tariffs: Trump

• No plan to weaken the dollar: Lutnick

• Dalio provides framework to assess tariffs

• S. Korea President removed from office

• OPEC hikes oil production despite falling prices

• Trump secures $6T commitment for US

• Argentina on brink of IMF bail-out

• Very close to deal on TikTok: Trump

Left Curve Corner

• Hot coins: FARTCOIN, TITCOIN, BUTTCOIN

• Hot NFTs: Steady Teddys, One Gravity

• FARTCOIN $460m, leads rebound in SOL memes

• Babylon to airdrop 600m BABY tokens

• Many recent airdrops down 30-80%

• Infected ditches Base for SOL

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The information does not constitute financial advice or recommendation and should not be considered as such. Full Disclaimer