Mando Minutes

BTC rallies to $72k, SocialFi narrative returns, TNSR airdrop today

Crypto

• BTC: 72.2k (+4%), ETH: 3625 (+7%), SOL: 183 (+2%)

• Top 100 gainers: CKB, WIF, PEPE, LDO

• BTC hits $72k, spot buying from Bitfinex & Coinbase

• Funding rates still remain low given spot demand

• $1.62bn shorts would be liquidated by $76.2k

• ETHBTC hits 3 year low then bounces

• ETH continues to see institutional fund outflows

• Mining costs set to double to $80k after halving

• SOL DEX volume falls massively given ticket failures

• SOL still doing 6x ticket number of ETH & L2s

• Base beats ETH & ARB for chain volume, 4m users

• Robinhood BTC holdings up 14%, ETH down 9%

• Crypto YouTube viewers picking up meaningfully

• Crypto market cap is going to $5T: Ripple CEO

• $20bn FDV seems to be ceiling for many coins

• SocialFi is next narrative: Ansem

• Hayes likely looks to offload GMX position

• Tether made $6.2bn last year

• PENDLE TVL hits $4.1bn, approaches Uniswap level

• AERO & PENDLE lead token holder growth

• EigenLayer rumoured airdrop this month or next

• AI coin merger alliance passes

Macro & General

• NASDAQ: 16.3k, Gold: 2365 (+1%)

• Futures unchanged after last week’s losses

• Gold starting to go ‘parabolic’

• AI as transformational as steam engine: Dimon

• Worried about stickier inflation & higher rates: Dimon

• Market now predicts only two rate cuts this year

• Bearish bets against Yen highest in 17 years

• Hedge funds shorting stocks for 8 weeks

• Gaza ceasefire talks ‘show progress’

• Biden proposes more cuts to student-loan debt

• Canada to invest $2bn into AI

• Elon fights Brazil censorship of X accounts

• Criminal charges against Biden’s still possible

• Solar eclipse today in North America

NFTs, Memes & Low-Cap

• Hot coins: WIF, PEPE, DEGEN, ZEUS, POPCAT

• Hot NFTs: Runestone, Blob Armies, NodeMonkes

• TNSR airdrop today, will ‘start SOL season’

• DEGEN up 30% as SocialFi narrative returns

• ZEUS up 40% after price protection period ends

• Pump. fun makes $2m in weekly revenue

• Memecoins are the new lottery ticket: Pomp

• Coinbase Smart Wallet launch nears

• Zombie Punk sells for $1.1m

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The information does not constitute financial advice or recommendation and should not be consider