Mando Minutes

Things I’m looking at today…

Crypto

• This week: Grayscale ETF decision (Tues potentially), Powell speech at Jackson Hole (Fri)

• Friend Tech attracts mainstream celebrities, platform is 3rd for fees behind Ethereum and Lido

• Friend Tech wrapped shares begin to trade on DEXs

• Friend Tech some FUD about team history + T&Cs

• Crypto Fear vs Greed index hits 38, lowest level since SVB collapse

• Bitcoin order book on exchanges declines massively, expect volatility

• Bitcoin now trading below short-term holder cost base of $28.6k, normally sets up bounce

• Ethereum falls below realised price metric of $1700, Bitcoin realised price still 25% lower at $20k

• Vitalik likely sells $1m in ETH

• USDC market cap hits lows again

• Iconic Dogecoin dog passes away

• Dogecoin devs debate move to Proof of Stake

• Singapore introduces regulation for stablecoins

• Bitget demands KYC from Sep 2023

• $RUNE lending goes live, token falls 7%

Macro & General

• Stock futures rise, Nvidia earnings Weds in focus

• China cuts loans rates but less than anticipated, keeps 5 year rate unchanged

• China real estate index down 85% since May 2021

• US equity put/call ratio deviation highest level since Dec 2022, normally sets up bounce

• SPAC implosion continues, 142 liquidate this year

• Saudi to potentially fund BRICS bank, summit this week

• LA earthquake just before Hurricane Hilary hits

• Spain win Women's Football World Cup

NFTs & Low-Cap

• $BITCOIN hits ATH of $200m before dipping

• $RLB up 20% as lottery now free for users, burns $2.5m in 12 days

• Telegram bot coins fall as $UNIBOT drops <$150m

• $BALD deployer sends another $9m to Binance

• Milady becomes 3rd highest PFP project, others fall

• Kanpai Pandas sell 750 remaining supply on $SOL

• Ordinals still majority of Bitcoin transactions

• Logan Paul still hasn't refunded Crypto Zoo holders

• China looks to set regulations over metaverse push

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