Mando Minutes

Things I’m looking at today…

Crypto holds gains, $3.4T of options expiring, Friend Tech dips

Crypto

• Spot buying of majors continues, met with shorting

• $BTC breaks above 4h 200MA, first time in months

• Friend Tech now 2nd for fee generation

• Binance legal execs leave, not cooperating with SEC

• Binance caused spike in $ETH active addresses

• Binance fiat volumes down -95%, Lira most active

• $55bn of crypto outflows in August

• Paradigm to launch new $1bn crypto fund soon

• Joe Lubin: positive outcomes coming from SEC

• Hong Kong most ‘crypto ready’ destination

• Vitalik wary on Hong Kong as crypto hub

• Bybit to leave UK due to new regulations

• Deutsche Bank launches crypto custody services

• $BTC mining now 50% green, Tesla could accept

• $ETH/$BTC down 18% since merge 1 year ago

• G20 agree to soon impose digital currencies

• RWAs on-chain reaches $3bn

• New ‘Killer Whales’ crypto TV show coming

• $MATIC launches $POL migration proposals

• $RUNE, $BCH, $WLD all up 10% in short squeeze

Macro & General

• Stocks strong as Arm IPO up 20%

• US PPI bounces for 2nd month, Retail Sales strong

• Market now predicts 75bps rate cuts in 2024

• $3.4T of options expire today, expect volatility

• ECB hikes rates 25bps in surprise move

• China cuts RRR, releases $70bn liquidity

• China economic data slightly improves

• US net savings at worst level since 2009

• US corporate debt defaults up 176% in 2023

• US has more gold than all BRICS, Japan huge buyer

• Ray Dalio: cash is the best investment right now

• Citadel CEO: anxious about stock market given rates

• Rents in top European cities up 25% YoY

• Hunter Biden indicted on gun charges

• NASA says UFOs are not aliens

NFTs & Low-Cap

• Friend Tech prices drop as Steve Aoki joins

• $UNIBOT +25% as gets FT account, Phase 2 eyed

• $AXS up 15% as gaming sector bounces

• $HIFI up 75%, another DWF pump coin

• $SYN up 20% after Interchain L2 announced

• $PNDC up 30% this week as DEX volumes spike

• Nouns see 50% vote for fork to return $ETH

• Nakamigos up 30% after new mint free for holders

• Pudgy Penguins posted about by David Dobrik

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Comic by @boldleonidas
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