Mando Minutes

Things I’m looking at today…

SEC can’t appeal XRP loss, new crypto-friendly Speaker, bond yields spook markets

Crypto

• BTC: $27.5k (0%), ETH: 1650 (-1%)

• SEC loses right to appeal XRP lawsuit loss

• XRP also wins license to operate in Singapore

• Coinbase request to toss-out SEC lawsuit in focus

• SEC ‘security’ coins rally: XRP, MATIC, AVAX all +5%

• FTX estate ‘hasn’t started selling’

• ETH validator queue could be cleared in 5 days

• Binance plans Q4 Thai entry, seizes scam assets

• Crypto-friendly McHenry now House Speaker 

• US debt up $275bn in a day, half Bitcoin market-cap

• EU plans CBDC for TradFi within weeks

• OP unveils testnet with fraud-proofs

• StarkWare delays token unlocks by 5 months 

• Base TVL drops 18%, funds move to zkSync

• Jump lost $200m in FTX collapse

• FTX recovery values likely ‘better that expected’

• FTX paid Brady $55m

• SBF rocks handle-bar mustache in court

Macro & General

• US bond yields highest since ‘07, stocks -1.5%

• Dow Jones goes negative for the year

• 93% of US stocks trading below 50D MA

• Fastest unwind of US stock futures longs ever

• Dollar at 10-month high, Ruble weakens to 100

• VIX goes above 20 for first time in 4 months

• US mortgage rates now close to 8%

• Today: US PMIs, Fed speeches

• Only 17 days left in US strategic oil reserves

• Global use of EUR collapsed in last 9 months

• Schiff: bigger real estate problem now than ‘07

• Office attendance half of pre-pandemic levels

• 125k student loan borrowers getting debt wiped

• WeWork on brink of default

• McHenry orders Pelosi to vacate office

• Taylor Swift caused record NFL ratings

NFTs & Low-Cap

• Friend Tech sim-swap FUD causes TVL to dip

• VRA +15% after burns 10bn tokens

• RLB +10% after moves burn on-chain

• WSM +15% in memecoins after Gate launch

• Matt Kane SuperRare drop causes controversy

• OpenSea announces launchpad

• Nike announces shoes for dotSwoosh holders

• AOTM launches mint for 18 artists

• MoMA postcards launch but not available for mint

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Comic by @boldleonidas
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