Mando Minutes

Things I’m looking at today…

Crypto

• Majors dip 1%, alts underperform down 3-15%

• Crypto correlation with stocks rises as both fall

• SEC rumoured to delay all BTC ETF decisions until early 2024

• ETH futures first ETF could to be listed Oct 12th

• Binance shuts crypto payments service

• Crypto market-maker GSR scales down operations

• Paypal partners with Ledger for US on-ramp

• BTC longs on futures paid shorts $200m this year

• 26k of Bitcoin leaves Gemini in last 30 days

• Base now has $180m TVL, highest revenue of L2s

• SEC faces questions about how Prometheum won its broker-dealer license

• Gensler makes lengthy X post positive about AI

• $SOL overtakes ETH for daily active addresses

• $IMX launches zkEVM testnet with Polygon

• $GTC Gitcoin partners with Shell, some FUD

• $SEI launches, fully diluted market cap at $2.5bn

• $HNT Helium introduces $5/month mobile plan

• $XLM takes a minority stake in MoneyGram

• $SHIB Shibarium coming tomorrow

• Bitboy is moving to Dubai

• Trump own $2.8m ETH

Macro & General

• US stocks hit 5 week low after Fitch warns it will downgrade large US banks

• China gets more weak economic data, lot of FUD

• Cathy Wood says China is "exporting deflation" at 19% per year, blames Fed

• US retail sales beat expectations at 0.7% growth

• US gas prices at 10 month highs

• Atlanta Fed now predicts 5% US GDP growth (huh?)

• UK inflation drops to 6.8%, higher than expectations

• Equity risk premium lowest level since 2007 (stocks expensive vs bonds)

• X makes Tweetdeck (now X Pro) subscriber only

• Yellen ate psychedelic mushrooms in China (based)

• Biden to visit Maui after fires

• Trump primary poll lead grows despite indictments

NFTs & Low-Cap

• $BITCOIN hits ATH of $180m, up 70% in a week

• $MOG hits ATH of $25m, up 150% in a week

• $UNIBOT hits ATH of $210m as users also hit ATH

• $NONE & $LOOT hit ATHs as trading bots in vogue

• $HMX most deriv volume on Arb, token dips after 7x rise

• $BLUR 49m token unlock today, token -7%

• DeGods continues to fall, many loans on Blur underwater, MachiBigBrother owns 324

• Sproto Gremlins & Miladys continue to rise, links to memecoins

• Artblocks creator Snowfro announces new project

• Personal data leaked by "Made by Apes" initiative from SaaSy Labs & Yuga Labs

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