Mando Minutes

9th August

Author

Mando
August 26, 2023

Things I’m looking at today…

Crypto

  • Bitcoin ETF will be approved in 4-6 months sources tell Galaxy CEO Novogratz

  • Bitcoin breaks $30k briefly, open interest up $650m and buy/sell ratio surges to 1.36

  • Fed has new powers around stablecoin oversight

  • Binance becomes regulated exchange in El Salvador

  • Coinbase offers to buyback $150m of its own bonds

  • Bybit launches wealth management arm

  • Coinbase Base has public launch, Uniswap deployed

  • Aaave and Frax both push proposals to move into Real World Assets

  • Tokenised stock trading (including Coinbase) coming to Polygon via Backed Finance

  • Elon files motion to have Dogecoin insider trading lawsuit dismissed

  • SBF will face campaign finance fraud chargers

Macro & General

  • Stocks slide after Moody's downgrade of regional banks

  • Fed President Harker suggests rate hikes are over

  • US set to add $5bn debt every day for next 10 years

  • US home prices hit all-time high in most cities this July

  • China CPI shows deflation prompting stimulus calls

  • China property sector shaky as big developer set to default

  • BRICS to finalise new currency plans at current summit, Iran could join

  • Portnoy buys back 100% of Barstool for nothing after Penn does $2bn deal with Disney

  • Beyond Meat sales tanked in Q2 on weak demand

  • WeWork looks set for bankruptcy

  • DeSantis fires campaign chief as his polls falter

  • Biden looks set to face impeachment inquiry from House Republicans

  • Newsom linked to secret Chinese COVID lab funding

  • Tonga volcano eruption blamed for recent global warming

NFTs & Low-Cap

  • $RLB up 70% as Rollbit announces burn linked to casino profits

  • $BRICK Reddit token up 80% after Kraken lists

  • $UNIBOT up 50% in a week as trading bots in vogue

  • $PEPE up 15% after whale finishes liquidating

  • Pixel Vault buys Wolf Game and launches $GG coin for Reboot - NFTfi launches loan streaks to gain points for season 1

  • Bicycle x BAYC playing cards collab launches

  • Grimes says she has made more from NFTs than her entire music career (thanks for the memories)

  • Top 15 traders in NFTs have made $300m in profits (list seems to miss a few traders...)

  • DeGods season 3 begins today

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