Mando Minutes

Crypto rally fails, Israel-Iran tensions grow, BTC treasuries soar

Crypto

• BTC: 107k (-2%), ETH: 2735 (-2%), SOL: 158 (-5%)

• Top Gainers: SPX, WBT, KAIA, VIRTUAL, FLR

• BTC ETFs: +$165mn, ETH ETFs: +$240mn

• Crypto pulls back after rally on Israel-Iran fears

• US House votes to advance GENIUS Act

• Gamestop raising $1.75b debt to buy more BTC

• ANAP bought $50m BTC in 2 days

• Mercurity Fintech plans $800m BTC treasury

• Strategy short interest hits ATH

• Stripe to acquire wallet provider Privy

• Centralised treasuries hold 31% of BTC: Gemini

• Moodys to give credit ratings on SOL RWAs

• Interactive Strength launches FET reserve

• USDC expands to World Chain, Circle stock rallies

• Stablecoins could lock in USD dominance: Bessent

• Bank of America developing its stablecoin

• US Bankcorp exploring stablecoins

• Ant Group to apply for stablecoin licenses

• Infinex launches BTC, DOGE, XRP trading

• MEXC to invest $100m in security

Macro & General

• NASDAQ: 19.6k (-1%), Gold: 3380 (0%)

• US stock futures slip despite improved macro

• Israel ready to attack Iran, oil surges

• Iran can’t get a nuclear bomb: Trump

• Deal with China is done: Trump

• China eases rare-earth export curbs

• US CPI lower than expected

• Odds of 2 rate cuts in 2025 surge post CPI

• Trump calls for 100bps cut post CPI

• US Treasury bought back $10bn debt

• Tesla up 20% since Elon-Trump feud

• Elon called Trump before public apology

• HFs buying of global stocks hit record in May

• 2025 US recession odds down to 25%

• US tariff revenue ATH $22.2b in May

• Dollar hits 3-year lows

• US House votes to advance Phase I of DOGE cuts

• Trump signs EO for flying cars

• Air India Dreamliner 787 crashes

Left Curve Corner

• Hot coins: SPX, REKT, FARTCOIN

• Hot NFTs: Basepaint, Yes/Yes, Steady Teddys

• FARTCOIN $1.3bn, to trade on Coinbase today

• REKT $150m, ATH after token claim ends

• SPX $1.6bn, ATH as Murad raises target to $1T

• Whale buys 800m WLFI tokens

• Plasma increases deposit cap on 1hr notice

• Gondi NFT lending market share up to 55%

• Pudgy Penguins to collab with Nascar

• S token airdrop to launch next week

YEET: Crypto’s Casino
Just passed $155m in lifetime volume!

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

*Yeet Disclaimer here. 18+, $1 minimum volume required, certain regions are restricted. Please gamble responsibly.