Mando Minutes

ETH leads crypto rebound, stocks near ATH, Elon criticises NFTs

Crypto

• BTC: 43k (+1%), ETH: 2285 (+2%), SOL: 113 (-1%)

• Majors dip as $190m liquidated, ETH tops rebound

• ’Smart money’ record longs ahead of BTC ETF

• Cathie Wood: ETF may be ‘sell the news’ event

• Hong Kong sets rules for ETF approvals

• Silbert steps down from Grayscale before ETF filing

• S. Korea officials must disclose crypto holdings

• Exchanges part of $2.2bn illegal Chinese Forex ring

• CZ net worth up $25bn despite legal challenges

• Some Mt Gox victims get double repayments

• MATIC, MINA, ASTR, BSV, lead top 100 alts

• Jason Calacanis continues public crypto criticism

Macro & General

• NASDAQ: 15.1k (+1%), Gold: 2078 (0%)

• US stocks near record-highs, yields fall

• $46bn of losses from SPACs this year

• China softens rhetoric against gaming stocks

• EU readies $20bn funding for Ukraine

• Sweden set to join NATO

• Iran triples Uranium production

• 2024 US deficit to be worst since Covid

• US house prices rise 4.9% YoY

• Electric vehicle sales slow dramatically in US

• Kanye West posts apology to Jewish community 

NFTs & Low-Cap

• Elon criticises ‘kinda fungible’ & off-chain NFTs 

• Big dip in SOL memes including ANALOS, WIF, AI

• Froganas lead NFT sales with $3m in quiet day

• Taproot Wizards allow miners to reject Ordinals

• Company equity given to holders of The Plague

• Leap calls-out web3 ‘cabal’

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