Mando Minutes

Things I’m looking at today…

Crypto OI & volatility soar, stocks in extreme fear, Yuga wins $1.6m in lawsuit

Crypto

• BTC: $34.1k (-1%), ETH: 1780 (-3%)

• BTC exchange balance at 5 year low

• BTC Crosby Ratio in red zone, suggests correction

• BTC open interest up 16% in a week, volatility surges

• Sifu gradually closing ETH short

• FTX likely sold $57m of assets so far

• ‘Buy Bitcoin’ search queries up 826% in UK

• SBF widely derided after taking the stand

• SEC don’t want new ETF legal battle: JP Morgan

• JP Morgan $1bn daily transactions in JPM coin

• Senator wants criminal charges for Binance & Tether

• Crypto owned by 10% population of S. Korea

• Citadel denies it caused LUNA collapse

• HTX reports record profits

• SOL new developer incubator

• BitBoy calls himself ‘Sultan of Solana’

Macro & General

• Stocks futures rise after another brutal day

• Amazon reports strong results, leads bounce

• Stocks on verge of ‘technical break-down’

• Stock market now in ‘extreme fear’ technical zone

• Gold outperformed S&P 500 now this year

• ECB ends hiking cycle, keeps rates at 4%

• US GDP grew at 4.9%, faster than expected 

• Banks expect to lose $2bn in loans to Twitter

• Auto execs warn slowing investment in electric cars

• US bombs ‘Iran-proxy’ sites in Syria

• Taylor Swift now a billionaire

NFTs & Low-Cap

• Huge volumes in memecoins, $1.7bn in PEPE futures

• PEPE devs sell $200k, tease ‘strategic partnerships’

• Yuga Labs wins $1.6m in Ripps & Pauly lawsuit

• Shrapnel game studio gets $20m funding

• Claynosaurz launch Plushies collection

• VeeFriends Chuck E. Cheese collab

• ThankYouX solo exhibit at Sothebys

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