Mando Minutes

Crypto bills stuck, ETH leads majors, PUMP starts buybacks

Crypto

• BTC: 118.7k (+2%), ETH: 3165 (+6%), SOL: 165 (+4%)

• Top Gainers: SPX, PUMP, BONK, PENGU, FET

• BTC ETFs: +$403mn, ETH ETFs: +$192mn

• ETH, DOGE lead crypto majors higher

• ETH ETF inflows now 50-90% BTC inflows

• BTC inflows to exchanges hit $9.4bn after CPI

• House fails to advance crypto bills, next vote today

• 11 reps who voted against crypto acts will flip: Trump

• DeFi leaders opposed part of crypto bill

• Cantor nears $4b SPAC deal to acquire BTC

• BTC entering more sustainable stage: DB

• Sharplink hits $30, on increasing ETH holdings

• COIN stock hits ATH, passes $100b market cap

• Thiel takes 9% stake in ETH treasury company BMNR

• DoJ ends Polymarket probe

• BigONE exchange loses $27m in hack

• DEA seizes $10m crypto from Sinaloa cartel

• UK to make DLT, tokenisation push

Macro & General

• NASDAQ: 20.6k (0%), Gold: 3349 (0%)

• S&P 500 hits new ATH, futures drop

• Yields jump on hotter than expected CPI

• Nvidia most overbought since June 2024

• US reaches trade deal with Indonesia

• Global fund manager cash levels drop to 3.9%

• Odds of Sep rate cut down to 53%

• Trump again calls for 300bps rate cut

• Trump considers replacing Powell with Bessent

• Powell firing imminent: Luna

• Trump pharma tariffs could come by end-July

• Vance breaks Senate tie to push $9b DOGE cuts

• Epstein files made up by Dems: Trump

Left Curve Corner

• Hot coins: SPX, PENGU, MELANIA, REKT, EPIK, HOUSE

• Hot NFTs: Pudgy Penguins, Punks, Milady, Doodles

• PUMP flips BONK, surprise buybacks begin

• Top memes bounce 10-20%

• PENGU up another 15%, leads weekly gains

• REKT hits ATH

YEET: Crypto’s Casino
Just passed $255m in lifetime volume!

The information does not constitute financial advice or recommendation and should not be considered as such. Full Disclaimer

*Yeet Disclaimer here. 18+. Certain regions are restricted. Please gamble responsibly.