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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Comic by @boldleonidas