Mando Minutes

Crypto bounces hard, INJ & SEI new ATH, WIF hits $200m

Crypto

• BTC: 43.1k (+5%), ETH: 2240 (+5%), SOL: 75 (+10%)

• Crypto bounces, risk appetite up across the board

• Focus on L1s: INJ & SEI hit ATHs, SOL rallies 10%

• BlackRock ETF change points to imminent launch

• SOL still strongest for fund inflows

• SOL search volume up 250% in 2 months

• AVAX deflationary after huge inscriptions spike

• Inscriptions now 90% of EVM transactions

• Saylor repeats expectation of $1m BTC

• Binance settles with CFTC for $2.7bn

• SEC delays ETH ETF approvals until mid-2024

• Revolut scales back crypto services in UK

• Bitwise launches viral ETF ad

• EigenLayer opens deposits for restaked ETH

Macro & General

• NASDAQ: 14.9k (+1%), Gold: 2040 (0%)

• Stocks rally continues post-Fed, yields fall

• Fear & Greed index on stocks hits ‘Extreme Greed’

• Yen falls as BoJ keeps negative interest rates

• Goldman Sachs raises S&P 2024 forecast to 5100

• US begins operation to defend Red Sea ships

• 40% of students miss first re-payment of loans

• Adobe walks away from $20bn Figma purchase

NFTs & Low-Cap

• COQ on AVAX hits $200m, NINJA on INJ hits $30m

• WIF on SOL hits $200m, up 2000x in last month

• Ubisoft Champions Tactics NFTs rally after mint

• Solana game Aurory suffers $830k exploit

• Metaplex new inscription method on SOL

• Top BRC20s bounce 10-20%: MUBI biggest gainer

• IMX & BEAM +15%, lead gaming bounce

• Flooring Protocol begins compensation for hack

• Overworld NFTs hit ATH, works with Horizen Labs

• Azuki to build out gaming team

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