Mando Minutes

20th August

Things I’m looking at today…

Crypto

  • Majors up marginally, Bitcoin flirts with $26k

  • Bitcoin dominance continues to fall, ETH/BTC at resistance

  • Bitcoin funding turns negative again, shorts grow

  • Microstrategy is down $600m on Bitcoin holdings

  • Friend Tech goes parabolic, 260k transactions yesterday, lifetime volume hits $33m

  • SEC likely to approve all ETH futures ETFs at same time says WSJ

  • Gemini files to dismiss SEC lawsuit

  • SBF asks for release from jail on weekdays

  • Vitalik receives Employment Gold Card from Taiwan

  • $MAKER profit expectations fall to <$2m after introducing enhanced savings rate

  • $RUNE now up 30% this week

Macro & General

  • Week ahead: Powell's Jackson Hole speech (Fri), BRICS Summit and US PMI (Weds)

  • China central bank likely to cut rates next week

  • US 2 year treasuries have largest short position ever

  • US officials continue to criticise progress of Ukraine counter-offensive

  • Elon calls Vivek Ramaswamy "very promising" as a candidate

  • Chess Federation bans trans athletes

  • Messi wins first trophy with Inter Miami

  • O'Malley new UFC bantamweight champion

NFTs & Low-Cap

  • Ticker $XRP crosses $100m market cap

  • $PNDC bounces up 25%

  • $APE position grown by MachiBigBrother, DAO proposal to buy 1000 apes in focus

  • NFT sell-off accelerates: DeGods, Pudgy Penguins, Captainz and Azuki all below 4ETH

  • LooksRare announces new YOLO gambling game

  • AI generated art cannot be copyrighted says US federal judge

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