Mando Minutes

Things I’m looking at today…

Crypto

• Majors retrace part of Grayscale rally, down 2%

• Bloomberg analysts see 75% chance $BTC ETFs approved

• CNBC analysts think all ETFs will be approved in fall

• Robinhood owns $2.5bn in $ETH, rolls out swaps

• Brian Armstrong reveals 10 ideas he wants in crypto

• Judge throws out case against Uniswap, will now judge Coinbase vs SEC

• Gemini opposes Genesis/DCG bankruptcy plan

• Huobi is now 19% of spot market share

• $TON now 11th largest crypto, overtakes $MATIC & $DOT

• Ripple labs continues to sell millions of $XRP

• BitBoy accused of affair with CEO of $BEN

• $CYBER SocialFi coin up another 10%, very volatile

Macro & General

• Stocks & bonds higher after GDP growth misses

• PCE inflation later today

• China moves to state rescue of Zhongrong ($100bn assets)

• Junk debt defaults highest in 2 years, credit spreads still tight

• Americans increasingly skipping meals given costs

• OpenAI nears $1bn in revenue

• Chamath tried to sell stakes in hundreds of companies

• Traffic at Panama Canal will take 10 months to clear

• X to allow paid users to hide their likes

• TikTok overtakes Instagram for usage

• Senate minority leader McConnell freezes again

• Biden aims for long-term military support deal with Ukraine

• Saudi Arabia takes stake in PFL MMA

• Carlsen settles dispute with Niemann in chess

NFTs & Low-Cap

• $AIM up 250% in last week, bot snipes new coins 

• $UNFI identified as another coin for short squeeze

• All new memecoins fall 5-10% after rally

• Major NFT projects continue to bounce, up 5-10%

• SuperRare launches curate to earn with $RARE

• Sam Spratt Momument Game ends today

• Lufthansa launches NFT loyalty program on Polygon

• Yuga Labs’ Legend of the Mara beta release next month

• OpenSea launches standard for redeemable NFTs

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