Mando Minutes

Crypto plunges, global stocks hit circuit breakers, ETH under 2017 peak

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Crypto

• BTC: 77k (-8%), ETH: 1505 (-15%), SOL: 102 (-13%)

• Top Gainers: BTSE, GRASS, SPX, SAROS

• BTC ETFs: -$65mn, ETH ETFs: +$2mn

• Crypto plunges with macro, $1.36b liquidated 

• BTC flashes death cross, sign of sustained bear

• Buying BTC all day: Hayes

• Indicators appear to show end of 4-year cycle

• ETH hits lowest since Dec 2022, under 2017 peak

• ETH/BTC hits lowest since March 2020

• Whale’s $106m ETH liquidated on Maker

• Hyperliquid whale goes long ETH again

• BTC hashrate tops 1 Zetahash in historic first

• First Digital scandal worse than FTX: Sun

• 400k FTX creditors risk missing on $2.5b payments

• Tether plans new SEC friendly stablecoin

• Grayscale files S-1 for SOL ETF

• Circle set to delay IPO process

• Binance forms Worldpay partnership

Macro & General

• NASDAQ: 15.6k (-6%), Gold: 3049 (0%)

• This week: FOMC minutes, CPI, PPI, Bank earnings

• Stock futures crash again before Monday open

• Global stocks sink, China stocks down 14%

• Several global stock markets hit circuit breakers

• NASDAQ & S&P500 set to open in bear market

• China evaluates frontloading stimulus

• China requests WTO consultation over US tariffs

• China could devalue Yuan by 15-20%

• Japan PM wants to visit US to negotiate tariffs

• 50 countries have reached out to US to negotiate

• French banks halted at open

• Europe owes US reparations: Trump

• US recession odds surge to 67%

• 60% chance of US recession in 2024: JP Morgan

• Rate futures pricing 50bps rate cut by June

• Traders pricing 5 rate cuts for 2025

• Its perfect time to cut rates: Trump

• Ackman criticises Trump policies

• Decade high buying from retail investors last week

• Trump may eliminate cap gains tax in 2025

• Trump to sign EO extending TikTok ops by 75 days

Left Curve Corner

• Hot coins: FARTCOIN, SPX

• Hot NFTs: Seeing Signs, Quills Adventure

• FARTCOIN $480m, up 10% despite bloodbath

• SPX $460m, up 15% to lead ETH memes

• McGregor’s REAL token holders will get full refund

• PumpFun live streaming back for 5% users

• ZK Casino scammer liquidated on longs

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