Mando Minutes

Things I’m looking at today…

Crypto

• Crypto flat as macro rallies, decoupling continues

• FriendTech social trading platform surges in popularity overnight

• Fed says banks must get approval before dealing with Paypal stablecoin

• Binance set to leave EU as regulators block it

• Binance invests $5m in Curve, who in return will deploy on BNB

• Coinbase invests in staking protocol Rocket Pool

• Coinbase Base hits 136k daily active users

• Fireblocks reveals major day 0 vulnerability in popular wallets, Coinbase WaaS & Zengo patch

• BTC ETFs will be approved says Matrixport

• Solana cuts price of Saga smart phone by 40%

• Maker attracts $750m of TVL in 4 days with 8% DAI deposit rate

• Stablecoins key to future dollar power, WSJ op-ed

• Worldcoin government investigation in Argentina

• nd4.eth has now burnt $8m in crypto assets

Macro & General

• Stocks rise as inflation marginally lower than expected

• US money supply has shrunk for 8 months in a row, generally a sign of recession coming

• US money-market funds now hold $5.5tn, grown massively this year vs bank deposits - X CEO says it is close to "break even" profit

• AI stocks enter correction period, -10% from highs

• Disney CEO downplays chance that Apple can buy it

• Virgin Galactic launches first tourist space flight

• Maui, Hawaii devastated by fire

• Average monthly rent in NYC is now $5500

• Phil Mickleson bet $1bn over lifetime, lost $100m

• Robinhood wins case on 2021 ban on meme stock trading

• Biden asks congress for $24bn to help Ukraine, $12bn for Hawaii

NFTs & Low-Cap

• $RLB hits ATH after automatic burn announced

• $COCO up 230% in gamble-fi space

• $ILV up 20% this week, crypto gaming back in vogue

• $BITCOIN back above $100m

• DeeKay sells 40k pieces in Base open edition

• DeGods falls 30%, whales liquidate following season 3 announcements

• Wasabi introduces "Buy Now, Pay Later" feature usable for range of marketplaces including OpenSea

• Metaverse economy to be $900m in 2030 says Bain

• Crypto gaming got $300m of funding in July

• Apple 30% app tax could now hurt NFTs & gaming

• Superchief wants to open 50 NFT physical galleries

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