Mando Minutes

Bitcoin hits 2023 high, MicroStrategy keeps buying, Pudgy Penguins lead NFTs

Crypto

• BTC: 38.6k (+2%), ETH: 2095 (+3%), SOL: 61 (+2%)

• BTC hits 2023 high as $1bn leaves exchanges

• Open Interest up 12%, met with some spot selling

• MicroStrategy buys $600m more BTC

• Asset managers have record BTC longs at CME

• Financial advisors waiting on ETF approval: Edelman

• DeFi & NFT revival ‘only tentative’: JP Morgan

• Hoskinson: Crypto being alienated in US

• Tron Network accused of financing terrorism

• Polygon gave DraftKings’ validator subsidies

• IOTA +40% after $100m foundation funding

• TAO +10%, leads AI narrative

Macro & General

• NASDAQ: 14.2k (0%), Gold: 2040 (0%)

• November best month for stocks since 2022

• PCE Inflation in-line with expectations

• US pending home sales falls to record low

• CDC called to investigate China virus outbreak

• Bill Gates sounds climate warning at COP28

• Israel ceasefire falls apart

• Cybertruck deliveries begin

NFTs & Low-Cap

• Pudgy Penguins lead NFTs higher, now 7.5ETH

• Mad Lads hits 180 SOL, 10x since September

• Tiger Global cuts Yuga Labs valuation 64%

• FlamingoDAO huge sweep of different NFTs

• Blast looks to hire after $650m TVL growth

• BAYC artist Seneca raises $1.2m in art sale

• RLB +15%, burns $7.7m in November

Partners
Rollbit: Crypto’s Most Innovative Casino

Maple Finance: RWA lending up to 14%, $2.8bn of loans issued

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The information does not constitute financial advice or recommendation and should not be considered as suc91 d