Mando Minutes

Fed ends crypto crackdown, SUI leads L1s, AI coins rebound

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Crypto

• BTC: 93.7k (+2%), ETH: 1775 (+2%), SOL: 154 (+5%)

• Top Gainers: SUI, STX, ONDO, BONK, GRT

• BTC ETFs: +$442mn, ETH ETFs: +$64mn

• BTC stable, SUI leads gains in L1s

• Fed ends crypto reporting mandate for banks

• BTC supply on exchanges lowest since Nov 2018

• Cantor stock doubles after Capital 21 announced

• CME Group to launch XRP futures on May 19

• US delays DOT, HBAR ETF decisions

• Citi projects $3.7T stablecoin market by 2030

• New Hampshire BTC bill clear Senate

• Tether increases stake in Juventus FC to >10%

• MetaMask allows users to choose gas token now

• AT&T subs can now connect to Helium Network

• Coinbase to collab with PayPal to promote PYUSD

• Securitize to collab with Mantle on crypto fund

• Lazarus set up shell co. in US to dupe developers

• Binance launches points system for airdrops

Macro & General

• NASDAQ: 17.2k (+3%), Gold: 3318 (-1%)

• Futures rise after three day stock rally

• S&P 500 5-year trendline holds strong

• Mag-7 premium to S&P 500 lowest in 6 years

• Loeb dumps nearly all his Mag-7 holdings

• Gold ETF sees largest 1-day outflow in 14 years

• US consumer sentiment second lowest on record

• Trump says he ‘met with China this morning’

• China may suspend 125% tariff on some US goods

• Bessent sees US, Korea deal progress next week

• Trump expects deal with Norway on tariffs

• US tariff revenue surges by 60% in April

• Trump now officially selling ‘Trump 2028’ hat

• India & Pakistan tensions continue to rise

• US set to offer Saudi’s weapons package >$100bn

• California’s economy now larger than Japan

• ECB drafts plan for more nimble rate moves

• Google announces $70bn share buyback

• Apple to pivot to India from China to source iPhones

Left Curve Corner

• Hot coins: PENGU, AI16Z, ARC, PWEASE

• Hot NFTs: Mibera Maker

• AI16Z & ARC lead bounce in AI coins

• PENGU up 75% this week

• TRUMP 24-hour trading volume $5.5bn

• Justin Sun is the top TRUMP holder

• Coinbase adds ZORA to roadmap

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

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