Mando Minutes

Historic crypto crash, Binance USDe peg attacked, BNB hits ATH

Crypto

• BTC: 121.4k (-5%) | BTC.D: 59.3% (0%)

• ETH: 4150 (-4%) | BNB: 1315 (+5%) | SOL: 195 (-10%) 

• Top Gainers: TAO, ENA, COAI, MNT, RENDER

• BTC ETFs: +$5m | ETH ETFs: -$175m

• BTC briefly hits $100k, alts down 80% in wipe-out

• Initial trigger appears to be Trump post on tariffs

• Binance USDe peg attacked causing liquidation wave

• $19b reported liquidations, $30-40b total suspected

• Many altcoin perps hit 0 on exchanges

• Rumours two large trading firms were liquidated

• Binance compensates users $283m for carnage

• Hyperliquid auto-deleveraged many positions

• Market recovers by Monday, BTC only down 5%

• BNB hits new ATH, Trump mulls pardon for CZ

• TAO & ZEC lead strength in altcoins

• Big US banks jointly exploring stablecoin

• Morgan Stanley to open crypto for all accounts

• ETH Foundation launches Tornado cash defense fund

• Kalshi raises $300m at $5b valuation

• Polymarket probed for suspicious trades

• Aster buys back 100m tokens, airdrop on 20th

• Securitize in talks for public listing with SPAC

• Coinbase plans to launch AmEx card in US

Macro & General

• NASDAQ: 22.2k (-4%), Gold: 4035 (+1%)

• Trump threatens tariffs on China for rare earth ban

• China clarifies only ‘new controls’ on rare earths

• Don’t worry about China, it will be fine: Trump

• Futures bounce 2% after falling hard on Friday

• Data light this week given government shutdown

• US shutdown likely for 30 days: Kalshi

• Trump admin begin layoffs as shutdown drags

• MIT rejects Trump’s deal for priority funding

• Israel pulls back troops as Gaza hostages released

• Russia steps up strikes on Ukraine energy

• Macron reappoints Lecornu as France’s PM

• Venezuela leader Machado gets Nobel peace prize

Left Curve Corner

• Hot coins: USELESS

• Hot NFTs: Oddities

• Major memes down 20-30% on the week

• Bonk Guy wiped out on perp positions

• USELESS $380m, nears ATH again

• PUNKSTR & VIBESTR bounce 30-50%

• Pudgy Penguins fall amid large loan liquidations

• Strategy coins not all good for NFTs: Moonbirds CEO

• Myriad Markets see huge monthly volume gains

• Art Blocks release final Curated collection

• YEET sees $5m volume so far in Big Moments 2

YEET: Crypto’s Casino
Just passed $680m 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+. Certain regions are restricted. Please gamble responsibly.