Mando Minutes

10th August

Author

Mando
August 26, 2023

Things I’m looking at today…

Crypto

  • Bitcoin dips below $30k ahead of US CPI today

  • SEC appeals Ripple ruling on programmatic sales & other sales issues (not if XRP a security)

  • SEC vs Ripple jury trial separately set for Q2 2024

  • Maple Finance gets SEC exemption to allow US investors to invest in US treasuries

  • Stablecoins predicted to grow to $3 trillion in 5 years, Bernstein calls them crypto's "killer app"

  • Russia to test digital ruble on Aug 15 with 13 banks

  • Bank of England starts CDBC design phase

  • Bitcoin miner Riot sees growing consolidation in miners with halving

  • Aptos up 10% after Microsoft partnership on AI

  • Fantom considers migrating to being an ETH Layer 2

  • Optimism drops 10% after Coinbase Base launch

Macro & General

  • US CPI today at 8.30am ET, expectations for 3.3% which would be first rise in >12 months

  • Oil prices close near 2023 highs

  • Italy backtracks on bank tax to ease market turmoil

  • US bans some PE/VC investments into China

  • Apple can keep 30% app tax says Supreme Court

  • Reddit appears to have won war with sub-Reddits over API pricing

  • Obesity drug Wegovy successful trail, expect broader roll-out under US insurance

  • Only 4k steps a day needed to reduce early death risk

  • Biden family bank records released, show $20m in income from foreign sources

  • US gov has given Taliban $2 billion over last 2 years

  • X fined for not giving US government access to Trump Twitter account

  • Saudi tentatively agrees to peace deal with Israel

  • Ecuador presidential candidate assassinated

NFTs & Low-Cap

  • $UNIBOT hits ATH of $200m market cap, then dips

  • $PEPE most discussed coin on social media last month, beats BTC & ETH

  • $PNDC coin up to $60m after $PEPE recent rise

  • $MOG Milady meme coin up 40%

  • Many low caps launch on Base, most pump & dumps

  • y00ts migrating to Ethereum from Polygon, DeGods dip slightly after long-awaited announcement

  • Draftkings Reign Makers NFTs top volumes at $4m

  • Roblox shares down 20% after guidance missed

  • Salvatore Mundi to be minted as NFT, FUD about legitimacy

  • NFT gas usage now only accounts for 2% of total

  • Whale who burnt 2500ETH also burns BAYC assets

  • OnCyber launches world builder tool

  • Deekay Motion launches open edition on Base

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Comic by @boldleonidas