Mando Minutes

Things I’m looking at today…

MicroStrategy buys more, Ben Armstrong arrested, dollar keep rising

Crypto

• Majors bounce 1%, BTC dominance falls

• BTC $147m more bought by MicroStrategy

• BTC ETFs may be delayed by government shutdown

• ETH $10bn revenue in 7 years, outpaces SaaS giants

• ETH L2s do 4x transactions of L1

• ETH LSDs now 22% of ETH supply

• SEC object to Coinbase part in Celcius restructuring

• Majority of altcoins in oversold territory

• Crypto in historically positive seasonality period

• Ben Armstrong arrested during livestream

• Europe more bullish on crypto than US: CoinShares

• Lagarde: Europe CBDC over 2 years away

• Crypto AUM may rise to $650bn by 2028: Bernstein

• ETFs probably approved early 2024: Bernstein

• BTC recognised as currency in Shanghai court

• HTX loses $8m to hack

• HTX solvency questioned as funds in other projects

• Binance FUD minting $500m Wrapped Beacon ETH

• Binance to launch various stablecoins in Japan

• Binance reopens in Belgium

• OP down 10% ahead of $30m unlock

Macro & General

• Dollar hits YTD high, bond yields at 16 year high

• Japan stocks drop, yen weakens after inflation rises

• Evergrande former CEO & CFO arrested

• Jamie Dimon: world not ready for rates at 7%

• US debt downgrade rumours by Moody’s

• Market predicts 18% chance of rate hike in Nov

• Losses on US treasuries now $1.5T

• BRICS sold $123m treasuries in 2023

• Oil could go to $150: JP Morgan

• French ambassador pulled out of Niger

• Ukrainian aid still paid in US government shutdown

• Amazon to invest $4bn in ChatGPT competitor

• Spotify to use AI to translate podcasts

• ChatGPT can now speak, listen & process images

NFTs & Low-Cap

• Blur ‘cartel’ dominates top Friend Tech accounts

• FITFI +20% in move-to-earn space

• KWENTA +25% in perp space

• Fewocious mint today

• BAYC x BAPE collab announced

• Mercedes NXT mint today

• Ordinals founder pitches BRC-20 alternative

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