Mando Minutes

Things I’m looking at today…

FTX exploiter moves funds, jobs report today, oil gets decimated

Crypto

• BTC: $27.7k (0%), ETH: 1640 (0%)

• BTC bullish cross on monthly moving averages

• BTC ETFs ‘inevitable’: Former SEC Chair

• BTC ETF sentiment FUD after ETH ETF volumes

• ETH on exchange at 5 year low

• $730m options expire today, relatively small

• FTX exploiter moves $37m funds through ThorSwap

• RUNE -10% as ThorSwap closes in response

• ETH more centralised since upgrades: JP Morgan

• SOL more decentralised than ETH on some metrics

• ARB earnings up 600% in Q3

• $3bn of volume from crypto cards: Visa

• Crypto fundraising 3 year low, gaming is bright spot

• Binance completes 11th proof of reserves

• Gary Wang: I resigned over FTX misuse of funds

• UK won’t be copying EU MiCA rules

• Stabelcoins may be securities: Canada regulator

• Kraken buys Dutch exchange

• L1 using USDC for gas launches

• RFK promises to ‘end war on Bitcoin’

Macro & General

• Today: NFPs at 8.30am ET

• Yields & stocks rise ahead of jobs report

• Oil down 14% in 6 days

• Put options on the NASDAQ spike

• Fed’s Daly cautions on higher rates assumptions

• US bank losses ATH on held-to-maturity assets

• Worst bond bear market since 1981

• Metro Bank shares plunge in UK on default worries

• SEC sues Elon Musk, he calls for ‘overhaul’

• X could bring in 3 tiers of premium service

• Iraq bans all USD cash withdrawals

• OpenAI considers producing chips in-house

NFTs & Low-Cap

• Stars Arena FUD after small exploit, AVAX +5%

• Racer has withdrawn the 3rd highest fees from FT

• Yuga Labs invests in spatial computing startup

• Pudgy Penguins arrive at Smyths in UK

• RTFKT sneakers forging opens

• OpenSea 10% fee for launchpad mints

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Comic by @boldleonidas
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