Mando Minutes

BTC stabilises, Wormhole $15bn on launch, MEW hits $850m

Crypto

• BTC: 66k (+1%), ETH: 3315 (0%), SOL: 188 (+4%)

• Top 100 gainers: ENA, FLR, BGB, ICP

• BTC hits $64.5k then rebounds, SOL outperforms

• Government sends $2bn BTC to Coinbase to sell

• Funding rates stay low after sweep lower

• ETFs see small inflow, Ark outflow more than GBTC

• Wormhole W launches at $15bn FDV  

• BTC ‘inflection point’ if it follows rates or gold

• Gold & BTC very correlated for the last year

• Expect slower ETF volume this month: Bloomberg

• BTC 2x and 3x levered ETFs launch yesterday

• BTC ETFs now half the size of gold

• BTC algos in Asia blamed for swings on ETF flows

• Paradigm set to raise $750m fund

• ETH earnings tripled in Q1 vs Q4

• ENA up 60% to $15bn amid high revenue projections

• KuCoin assets down 22% in weeks

• Lido bug stops $24m SOL withdrawals

Macro & General

• NASDAQ: 16.2k (-1%), Gold: 2290 (+1%)

• Stock futures edge lower after another weak day

• Eurozone CPI falls more than expected

• Turkey inflation now at 68.5%

• Gold smashes through another record high

• Tesla misses sales estimates, stock down 33% YTD

• Trump calls for tax cuts

• Trump Media sues co-founders

• Billionaire funded $175m Trump appeal bond

• Taiwan sees strongest earthquake in 25 years

NFTs, Memes & Low-Cap

• Hot coins: Hobbes, MEW, BODEN, TREMP, SC 

• Hot NFTs: CyberV, Runestone, MATR1X KUKU

• Memecoin market cap hits cycle peak of $50bn

• Various coins related to Ansem see huge volume

• Cat and PolitiFi memes lead bounce

• MEW hits $800m ATH amid more listings

• Capitulation of alts into memes only beginning: Kang

• Penguins L3 chain launches on Base

• Tensor S3 ends with Treasure Boxes drop

• CryptoPunk loan market increasingly precarious

• Munchables refunds coming in next 2 days

• OpenSea integrates new token to enforce royalties

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The information does not constitute financial advice or recommendation and should not be consider