Mando Minutes

Things I’m looking at today…

Crypto

• Majors up 5% as Grayscale wins appeal against SEC

• Ruling does not guarantee ETF approval but now far more likely

• 7 other $BTC ETF approval deadlines in days

• Grayscale $GBTC discount narrows to 18% of NAV

• US Senator Davidson calls for Gensler to get fired

• X obtains license for crypto payments

• Open Interest jumps $1bn, funding goes negative, $100m shorts liquidated

• SEC files sealed motion against Binance, implies DOJ case

• $BNB hard fork and network upgrade today

• Crypto bank Seba wins approval to operate in HK

• Tether $USDT adds Britannia as banking partner

• $USDT won’t last 3 years says Nic Carter

• Robinhood & Jump no longer have crypto deal

• $BCH & $STX +15% after Grayscale ruling

• $SEI +40%, $CYBER +120%, both Binance launchpad coins

• BitBoy calls abuse allegations ‘diabolical’

Macro & General

• US stocks up 1.5%, yields lower after softer job openings data

• US GDP data later, unclear if we want good figure

• Nvidia closes at record after Google AI partnership

• China eases mortgage rules, HK property index +3%

• Michael Burry calculated down 53% on short trade

• Hedge funds shorting US treasuries most in 7 years

• US house prices begin to rise again

• UK home sales hit lowest level since 2012

• X to allow political ads ahead of 2024 election

• X hit with 2,200 arbitration claims from ex-employees

• Biden too old to run again say 70% Democrats

• Biden used pseudonyms in 5,400 emails

• Michael Jordan richest basketball player ever with $3.5bn

NFTs & Low-Cap

• $UNIBOT up 15% as it hits several ATHs for usage

• $MOG +20%, $BITCOIN +30% in memecoin bounce

• $PEPE dev story hits front page of Hacker Noon

• $SG down 50% after dev sells treasury for stables

• $MAGIC team accused of selling locked tokens

• Internal dissent at SEC after commissioners express concerns around impact of NFT enforcement

• Moonpay launches web3 venture arm

• SnowFro sells 66 remaining Squiggles

• Nakamigos deploy Nakamigos-CLOAKS collection

If you like this - PLEASE SHARE

Follow me on X @rektmando
Find me on @friendtech
Comic by @boldleonidas