Mando Minutes

BTC holds above support, stock rout continues, bond yields soar

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Crypto

• BTC: 77.3k (-2%), ETH: 1480 (-6%), SOL: 107 (-1%)

• Top Gainers: IP, HYPE, PEPE, KCS, LEO

• BTC ETFs: -$326mn, ETH ETFs: -$3mn

• BTC falls to $74.6k before rebound

• BTC back above key $76.5k support level again 

• Crypto continues to outperform macro markets

• CNY devaluation could boost BTC: Hayes

• 250m USDC minted by Circle

• Ripple acquires broker Hidden Road for $1.25bn

• Justice Dept. disbands crypto dedicated unit

• NY proposes blockchain for use in elections

• Mastercard, Kraken collab on payments in Europe

• BitGo integrates Lightning Network

• BlackRock adds Anchorage Digital as custodian

• SOL launches Confidential Balances extensions

• WLFI to distribute stablecoin to all holders

• WLFI sells $8m ETH amid $125m loss on its ETH

• B2C2 could buy a stake in SBI Holdings for $100m

• Ledger set to support SUI soon

Macro & General

• NASDAQ: 15.3k (-2%), Gold: 3062 (+2%)

• Stock futures fall with rout set to continue

• S&P 500 posts biggest intraday reversal ever

• Trump imposes 104% tariffs on China

• 30 year US yield hits 5%, 10 year hits 4.5%

• Yield surge as basis trades unwind

• Fed decides on rates independently: Hassett

• ECB will cut rates next 4 meetings: JPM

• Nikkei plunges again, Japan yields hits ATH

• BoJ set to discuss stimulus efforts today

• US prioritising Japan, S Korea on tariff talks

• Offshore Yuan drops to weakest level ever

• PBOC asks lenders to buy less USD

• Crude oil below $57, lowest in 4 years

• Correlation between assets grows in sell-off

• Retail continues to buy the dip aggressively

• iPhone can be made in US: Trump

• Trump to impose major pharma tariffs soon

• Elon reportedly did not support Trump’s tariffs

• Trump may allow Iran civilian nuclear program

• China soldiers found in Ukraine: Zelensky

Left Curve Corner

• Hot coins: RFC, ALCH, BIG

• Hot NFTs: Kaito Genesis, Grifters, Beeple

• RFC $65m, get on Binance Alpha list

• Kaito Founder Yu Hu lays out ‘InfoFi’ vision

• Punks floor down 50% in USD terms

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The information does not constitute financial advice or recommendation and should not be considered as such. Full Disclaimer