Mando Minutes

BTC below $82k, fears over tariffs grow, Trump family gets into mining

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Crypto

• BTC: 81.9k (-4%), ETH: 1805 (-5%), SOL: 124 (-5%)

• Top Gainers: XDC, EOS, TRX, USDT0, DEXE

• BTC ETFs: +$89mn, ETH ETFs: -$4mn

• BTC tumbles below $82k in broader risk-off move

• ETH/BTC falls to lowest level in 5 years

• ’We’re in bottoming zone’: Raoul Pal

• ETH 24 hour revenue drops below $100k

• 2 large ETH longs on Maker close to liquidation

• Hut 8 launches BTC mining firm with Trump family

• Banks can enter crypto without pre-approval: FDIC

• Blackrock ETH BUIDL AUM 3x in last 2 weeks

• FTX set to restart $11.4bn refunds from May 30th

• MARA to sell $2bn stock to buy BTC

• Trump pardons 3 Bitmex founders

• US House to hold hearing on crypto next week

• Binance enables CEX to DEX trades

• Japan to classify crypto as financial product

• Terraform Labs to open creditor refund claims

Macro & General

• NASDAQ: 17.3k (-3%), Gold: 3146 (+1%)

• This week: NFPs, tariff deadlines, Powell speaks

• Futures down ahead of April 2nd tariff threat

• Nikkei crashes 4% today, down 10% since Dec

• Gold hits another ATH

• Gold seen as best trade during trade war

• US short exposure now more than Covid

• HFs continue to aggressively sell tech stocks

• A lot of anxiety this week: Goldman Sachs

• Atlanta Fed predicts 1Q real GDP down -2.8%

• Credit spreads widen to highs of 2024

• Markets predict 3.3% inflation over next 2 years

• Tariffs will raise $600bn a year: Trump adviser

• USAID is being shut down

• Trump not ruling out third term

• Trump threatens to bomb Iran

• EU to make concessions to avoid trade tariffs

• China to recapitalise 4 big banks with $69bn

• Carney’s odds of winning election at 70%

• Myanmar earthquake death toll >1700

• X sold to xAI at $45bn valuation: Elon

• Elon calls to end the federal reserve

• EU set to fine Apple and Meta

Left Curve Corner

• Hot coins: PEPEAI, RFC, Ghibli, WAL

• Hot NFTs: Opepen, Bankr Club, Longzu Pass

• FARTCOIN below $400m after weekend bounce

• US gov has no plans to use Dogecoin: Elon

• Memes still make up 50% of volumes on Solana

• Joe Exotic launches memecoin to pay lawyer bills

• Taproot Wizards fall 50% below mint price

• Sonic Labs shifts to AED based algo stablecoin

• GUNZ by Off the Grid to launch today on Binance

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