Mando Minutes

Crypto edges lower, China testing stablecoins, PUMP rebounds

Crypto

• BTC: 114.1k (-1%) | BTC.D: 61.8% (+0.3%)

• ETH: 3625 (-1%) | XRP: 2.94 (-4%) | SOL: 164 (-3%) 

• Top Gainers: MNT, LTC, POL, SEI, UNI, JUP

• BTC ETFs: -$196mn | ETH ETFs: +$73mn

• Crypto volatile amid weaker macro picture

• BTC ETF outflows continue, ETH turns positive

• Short term BTC holders dump $18b as whales buy

• Liquid staking Activities are not securities: SEC

• China testing out Yuan stablecoins

• Brazil considers BTC reserve

• Japan’s SBI files for various crypto ETFs

• Michigan pension fund triples BTC ETF exposure

• Sharplink bought $304m ETH last week

• Metamask plans to launch stablecoin

• Base briefly goes down due to sequencer failure

• CZ seeks dismissal of $1.8b FTX lawsuit

• Hyperliquid earned 35% of July blockchain revenue

• BitBridge to go public as BTC treasury firm

• BNB discloses new infrastructure roadmap

• LTC leads alts, MEI Pharma launches $100m treasury

• Pendle to allow speculation on crypto funding rates

Macro & General

• NASDAQ: 20.9k (0%), Gold: 3420 (0%)

• US futures inch higher after weak period

• US ISM Services PMI lower than expected

• Pharma stocks falls as tariffs could reach 250%

• Will decide on Fed Governor by next week: Trump

• Trump rules out Bessent for fed chair

• Will meet Xi if trade deal is struck: Trump

• JD Vance most likely successor to me: Trump

• US to punish banks for discrimination

• JP Morgan, BofA discriminated against Trump

• Trump threatens to seize control of Washington DC

• US trade deficit hits lowest since 2023

• India’s RBI leaves rates unchanged

• OpenAI releases its first open source LLM

• OpenAI considers equity raise at $500b valuation

Left Curve Corner

• Hot coins: TROLL, HOUSE, BUCKY, SPARK, USDUC

• Hot NFTs: DeeKay Motion, Mooncats, Snuggles

• TROLL $190m, hits ATH as PumpFun signals support

• PUMP rebounds to $3.5bn, graduations flip LetsBonk

• Robinhood US lists ONDO and FLOKI

• Towns protocol to airdrop TOWNS token

• Ape punk sells for $2.58m

• Murakami launches new NFT project amid FUD

YEET: Crypto’s Casino
Just passed $360m in lifetime volume!

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

*Yeet Disclaimer here. 18+. Certain regions are restricted. Please gamble responsibly.