Mando Minutes

Bitcoin win-streak ends, inscriptions dominate activity, memecoins soar on many chains

Crypto

• BTC: 40.9k (-3%), ETH: 2130 (-4%), SOL: 68 (-6%)

• Bitcoin breaks 8-week streak, $200m liquidations

• Open interest in alts almost as high as BTC

• BTC fees top ETH for 3 days given Ordinals

• Inscriptions on other EVM chains soars

• Bitcoin fund outflows for first time in 11 weeks

• FTX hole now matches lawyer fees

• FTX sold $500m of crypto in December

• Ark selling Coinbase & GBTC last week

• Blockchain private loans 2x since 2022

• Arweave founder plans fork

Macro & General

• Futures open higher after 7 weeks of gains

• Fed’s Mester: rate cut talk is too soon

• Corporate bankruptcies up 30% in US, 13% in EU

• EU opens infringement proceedings against X

• Second hand watch market hits lows since 2021

• Spain ranked number 1 for digital nomads

NFTs & Low-Cap

• Top memecoins on INJ, AVAX, ARB all run

• OKX NFT volume beats Blur amid Ordinals frenzy

• Improbable sells gaming venture for $97m

• Yat Siu: millions to enter in 2024 through gaming

• Wallets buying ETH NFTs remains flat for weeks

• BAYC Founder buys Bodoggos SOL NFT

• REACH to launch token today

• ASTR rises 50% after Upbit lists

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