Mando Minutes

Things I’m looking at today…

Crypto

• Paypal launches stablecoin PYUSD on Ethereum, some FUD about dev work and centralisation

• Tether de-pegs as Binance wallets continue to sell

• Tether CEO denies issues with redemptions to dollars, indicates Binance/Huobi failing KYC tests

• Huobi receives $200m USDT and $9m ETH from Justin Sun

• USDC market cap now down 60% this year as dollar redemptions comparatively easier

• Bitcoin and ETH relentless selling linked to Binance reducing overcollateralised reserves

• Bitcoin ETF approval first deadline August 13th, Cathy Wood expects it to be delayed

• Weekly outflows of $111m from public Bitcoin funds - Outright holding Bitcoin outperformed crypto hedge funds by 68% this year

• Bankless says "this is crypto's last cycle"

• FTX initial plan to restart rejected by creditors

• Worldcoin warehouse raided by Kenyan government

• Etherscan launches Blockscan wallet-to-wallet messaging app on mobile

• ETH whale sends 2500ETH to dead wallet after breaking with with girlfriend

Macro & General

• Ukraine foils attempt to assassinate Zelensky

• Dollar threat as 40 countries ready to embrace new BRICS currency

• China exports fall most since 2020 (global trade weak)

• US recession still predicted by 66% of investors before 2024

• Commercial property REIT Vornado is up 100% since Feb despite fears

• Elon's Neuralink raises $280m

• US gas prices hit highest level in 10 months

• US credit card debt surpasses $1 trillion

• X pays out ad revenue sharing for July

NFTs & Low-Cap

• $MOON Reddit token up 40% after Kraken lists it

• $YGG drops 40% as top market maker sends tokens to Binance after 600% rise

• $PONDX at $50m market cap after revival by Pauly

• DeGods season 3 drops August 9th

• Jack Butcher launches the "infinity collection" open edition

If you like this shit - PLEASE SHARE

Follow me on X @rektmando
Comic by @boldleonidas