Mando Minutes

New highs for L1s, inflation unexpectedly drops, Disney launches NFT platfrom

Crypto

• BTC: 36.2k (0%), ETH: 2015 (-1%), SOL: 63 (+19%)

• Majors drop then stabalise, alts outperform

• $300m liquidations as leverage wiped out

• L1s bounce: SOL, TIA, AVAX, INJ, KAS all +15%

• SOL & AVAX rise linked to Coinbase perp listing

• SEC has until Friday for early ETF approval

• OKX L2 with Polygon confirmed

• Vitalik says Plasma scaling has potential

• CBDCs can replace cash: IMF Chief

• BlackRock warns against USDC & USDT

• $2.1bn crypto in old wallets has ‘security risk’

• Singapore introduces tokenisation platform

• Blockchain.com raises $110m

• DYDX rises 25% despite large unlock

Macro & General

• S&P 500: 4495 (+2%), NASDAQ: 14.1k (+3%)

• Core Inflation hits lowest level in 2 years

• Stocks best day since April, yields & dollar fall

• S&P breaks lower lows, lower highs trend

• UK inflation also falls more than expected

• Burry closes stocks short for large loss

• Japan economic data weak, China strong

• US recession coming in 2024: UBS

• Israel military enter al-Shifa hospital

• Wikipedia founder criticises X  

NFTs & Low-Cap

• Disney & Dapper Labs launch NFT platform

• BONK memecoin +50% amid SOL rally

• PRIME +30% while avatar NFTs +70%

• RLB +20%, $2m tokens burnt in last week

• MEME +120% in 7days, NFTs rise 20-40%

• Reddit MOON token +250% after revival hopes

• Trump NFT gala goes ahead

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