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Mando Minutes
6th August
Things I’m looking at today…
Crypto
TL continues to fight over responsibility for losses from $50bn HEX scam
Some speculation that a few Huobi executives have been arrested in China and the exchange is misappropriating funds, Justin Sun responds "4"
Elon says X will never have its own crypto token
NY AG now probes DCG relationship with Genesis (big week for Barry)
$SHIB up 20% after hype about upcoming Shibarium Layer 2 launch NFTs + Collectibles
Blur farmer profits 800ETH by tricking bot to buy his bags at wrong level, bot asks for money back
Fortune reports NFTs volumes down 95%, royalties down 98% since Jan 2022 (everyone points fingers)
$300k physical trading card heist occurs at GenCon
Macro & General
Fed hawk Bowman said more hikes needed to tame inflation, US CPI data coming next week
Ukraine counter-offensive land gains tiny over last 2 months (peace deal by Christmas?)
Berkshire Hathaway cash pile now $150bn, 75% of investments in 5 stocks (lots of cash still on sideline)
El Nino weather causes biggest jump in world food prices in 18 months
Elon says fight with Zuck is on and will be streamed on X with profits to charity
NFTs & Low-Cap
Blur farmer profits 800ETH by tricking bot to buy his bags at wrong level, bot asks for money back
Fortune reports NFTs volumes down 95%, royalties down 98% since Jan 2022 (everyone points fingers)
$300k physical trading card heist occurs at GenCon
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Follw me on X @rektmando
Comic by @boldleonidas