Mando Minutes

Things I’m looking at today…

Crypto

• Majors down 5% as BTC spot ETFs delayed

• Open interest drops to levels before Grayscale news

• US judge asserts $BTC & $ETH are commodities

• Base TVL jumps 62% in DeFi ponzi hype

• Peter Schiff prefers $GBTC to spot

• $ETH heads for ‘death cross’ indicator

• Fidelity positive research piece on future of $ETH

• ETH staking services agree to 22% validator limit

• Binance APAC head quits

• Binance to end $BUSD support in 2024

• Elon says X not making a crypto token

• Crypto VC funding hits lowest level in 2.5 years

• $MKR up 10% as it returns to profitability

• $SHIB sees 500k wallets move to Shibarium

• $CYBER now up 2.5x in a a few days

Macro & General

• Stocks mixed, jobs report at 8.30am (170k exp)

• China stimulus: drops FX reserve ratio, injects $82bn into reverse repo market

• US paid for July spending through $150bn in savings

• 61% living ‘paycheck to paycheck’ in US

• Fed’s Bostic says ‘rates are high enough’

• Oil near 2023 high as inventories fall

• UK house prices down 5.3%, most since 2009

• Elon says X video and audio calls coming

• X may ask for employment history & biometric data in future

• Gucci owner nears deal to buy talent agency CAA

• Ozempic firm set to become Europe’s most valuable

• Proud Boys leader jailed for 17 years

• Hunter Biden & VP office exchanged >1000 emails

• Tucker Carlson: Trump assassination & Russia hot war coming

NFTs & Low-Cap

• Ugly day for low-caps with most down 5-10%

• $UNFI market-maker short squeeze, up 10%

• $RSS3 up 40% in AI coins

• $PEPE account posts first meme in weeks

• Korea Blockchain Week next week, multiple NFT events

• Memeland $MEME tokenomics released

• Sam Spratt’s Monument Game winners chosen

• NFT God recovers part of stolen funds

• OpenSea lowest monthly volume in over 2 years

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