Mando Minutes

Things I’m looking at today…

ETH Foundation sells, SOL seeing large inflows, Blur Season 2 to end

Crypto

• BTC: $27.7k (-1%), ETH: 1590 (-2%)

• $100m of liquidations in sell-off, mainly in alts

• BTC dominance hits 3-month high

• ETH Foundation sells $2.75m ETH

• FTX $500m exploiter halts swap of ETH to BTC

• L2s account for 61% of ETH transactions

• BTC is most decentralised & secure crypto: Fidelity

• SOL investment products see biggest inflow of 2023

• RLB doing more revenue than 5 L1s combined

• BitVM whitepaper touts altcoin trading on Bitcoin

• Broader crypto inflows of $370m last week

• Binance launches copy trading for futures

• 3Commas bots see unauthorised trades

• Deribit to launch SOL, MATIC, XRP options

• Expect crypto to grow $8T in dollar collapse: Forbes

Macro & General

• Stocks up 1%, yields drop after Israel attacks

• Fed’s Logan: higher yields mean we don’t need hikes 

• Country Garden says it won’t be able to repay debt

• Egypt says it warned Israel of attack 10 days before

• Israel looks set to invade Gaza in response

• BRICS dump another $17bn of T-bills in a month

• BRICS to ditch dollar for trade in 3 years

• US bond rout to continue: BlackRock

• US bank stocks bank to lows of March

• Kevin O’Leary: small banks starting to crack

• Charlie Munger: AI is overhyped

• RFK launches campaign as Independent

• Biden considers asking for $100bn Ukraine funding

NFTs & Low-Cap

• Blur Season 2 ends Nov 20

• NFT trading currently at a 2-year low

• Pudgy Penguins owners to share 10-15% of royalties

• Gutter Cat Gang taken over by Noah

• Wind of Yanawana reveal

• Gold BAYC sells for 250ETH

• CrypToadz bought for $1.6m, unclear if error trade

• Newspaper China Daily to launch NFT platform

• Friend Tech adds 2FA

• Friend Tech volume down 80% from peak

• Solana social-fi hub3 now 2nd for volume

• UNIBOT revenue hits lows since launch

• SAGE Labs game dominates SOL activity

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