Mando Minutes

Bitcoin sinks below $60k, WBTC custody FUD, SUI leads altcoins

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Crypto

• BTC: 59.5k (-2%), ETH: 2675 (0%), SOL: 150 (-2%)

• Top Gainers: SUI

• BTC drops below $58k, stablecoin growth slows

• Crypto funds saw $176m of inflows last week

• ETH ETF weekly flows positive for first time

• BTC ETF options now expected this year

• WBTC custody FUD with Justin Sun involvement

• Crypto trading volume up 19% to $4.94T in July

• ETH median gas price hits 5-year low

• Tether calls Celsius $3bn lawsuit a ‘shake-down’

• Base processes 3.5m daily transactions

• Crypto VC funding rose to $2.7bn in Q2

• SUI rises, MATIC drops out of top 20

• Unlocks for APT, STRK, ARB & SAND this week

Macro & General

• NASDAQ: 16.7k, Gold: 2470

• Trump returns to X

• Foreign investors pulled record out of China in Q2

• Rouble hits 3 month lows after incursion

• Russia begins to strike Kyiv region in response

• Ukraine nuclear power plant catches fires

• ‘Large scale attack’ by Iran predicted

• UK, France, Germany urge calming tensions

• US sends more military assets to Middle-East

• Another BoJ hike ‘unlikely this year’

• Pelosi questions Biden statement legitimacy

• Trump calls Harris image altered by AI

• Elon set to interview Trump on X today

• YouTuber breaks sleep deprivation record

Left-Curve Corner

• Hot coins: UWU, wDOG, CRYING, DMAGA

• Hot NFTs: Quantum Cats, BAYC, Runestone, DeGods

• Most memecoins sink 5-20% with broader market

• wDOG leads mid-tier SOL memes

• Canto stops producing blocks for 22 hours

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