Mando Minutes

BTC falls another 6%, ENA launches at $10bn FDV, Ansem’s cat beats NFTs

Crypto

• BTC: 65.5k (-6%), ETH: 3310 (-7%), SOL: 180 (-8%)

• Top 100 gainers: CORE, TAO, MKR

• BTC falls another 6% amid $400m liquidations

• ETF outflows and dollar strength blamed for move

• Funding completely reset to lows in move

• BTC lower high leaves market in ‘no trade zone’

• This cycle acting ‘nothing like previous cycle’

• ETH unlikely to be classed a security: Coinbase CFO

• Crypto VC funding up 53% in March

• Upbit trading volume down 75% in a month

• Maker invests $600m DAI into Ethena

• Vitalik reposts benign thoughts on L3

• Ethena ENA launches at $10bn FDV

• Wormhole W to launch on Binance tomorrow

Macro & General

• NASDAQ: 16.4k (0%), Gold: 2275 (+1%)

• Futures fall as rate cut expectations delayed

• Gold continues to hit new highs

• Dollar closes at highest level in 5 months

• Xi comments point to more monetary stimulus

• Israel strike on Iran commander, US says not involved

• Facebook messages sold to Netflix for $100m

• Google to destroy data of 136m users

• 200 mystery guests were on Epstein Island

• Russian begins to ‘mass deport’ Muslim migrants

• Trump posts bond in fraud case

• Trump Media falls 20% after pointing to losses

• Vaping linked to increase heart failure risk

NFTs, Memes & Low-Cap

• Hot coins: Hobbes, MEW

• Hot NFTs: Captainz, Potatoz

• Ansem’s cat coin sees more volume than NFT market

• Most memecoins down 10-20% given move in majors

• MEW up 10% after HTX lists, airdrop to Saga phones

• a16z opens $75m gaming accelerator

• MEME to launch memecoin chain, NFTs rise

• Pixelmon releases trailer for Anime series

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The information does not constitute financial advice or recommendation and should not be consider