rektmando

🟥 Things I’m looking at today 🟥

Coinbase user data hacked, FTX repayments coming, bond yields soar

Crypto

* BTC: 103.5k (+1%), ETH: 2590 (+1%), SOL: 171 (-1%)
* Top Gainers: IP, EOS, BGB, HYPE, KCS
* BTC ETFs: +$115mn, ETH ETFs: -$40mn
* Hackers demand $20m after Coinbase data hacked
* SEC probes Coinbase on inflating user numbers
* FTX to begin $5b distribution on May 30
* Wisconsin Investment Board exits BTC ETF
* China’s DDC Enterprise to adopt BTC reserves
* China’s Addentax to buy 8k BTC
* Brazil’s Meliuz buys $28.4m BTC for reserve
* BTC to $1m, altcoins with products will win: Hayes
* BTC has more upside potential than gold: JPM
* SEC releases FAQs on broker-dealer transfer rules
* BlackRock integrates BUIDL with Euler
* Sonic Labs to liquidate Multichain Foundation
* Nasdaq grants extension on 21Shares DOT ETF
* ADA ETF approval 55% likely this year
* Tether’s freeze mechanism has loophole: AMLBot
* US DoJ indicts 12 for $263m crypto theft
* US DoJ to charge Tornado Cash’s Roman
* CoinMarketCap launches Pre-TGE project launchpad

Macro & General

* NASDAQ: 19.1k (0%), Gold: 3210 (0%)
* Global bond yields continue to trend higher
* Futures stable post 4-day S&P 500 rally
* 72% of S&P 500 stocks above 50 DMA
* PPI lower than expected
* Powell warns of high rates for longer due to tariffs
* Trade talks with US good: China
* US CDS spread near 2023 highs
* First time homebuyers in US at record low
* Student loan delinquencies skyrocket
* Trump raises $2.5T capital for US on Gulf trip
* UAE to invest $1.4T in US over next 10 years
* EU readies new trade proposal for the US
* Dimon continues to warn of US recession
* Belgium abandons phasing out nuclear power

Left Curve Corner

* Hot coins: USELESS, GORK, STARTUP, PECULE, XBT
* Hot NFTs: Pudgys, DX Terminal, Biome Lumina
* USELESS $35m, meme linked to Bonk launchpad
* Infinex announces Kaito rewards program
* Maplestory launches at $3b FDV
* Drifter Shoots arrested at gallery
* Frank DeGods sees wallet hacked, DeGods sold

gm

Man @YEET might hit $100m volume since launch this week...

🟥 Things I’m looking at today 🟥

Crypto falls, 10y back above 4.5%, Believe App pauses launches

Crypto

* BTC: 101.7k (-2%), ETH: 2535 (-3%), SOL: 170 (-5%)
* Top Gainers: XMR, LEO, WBT, AAVE, KCS
* BTC ETFs: +$320mn, ETH ETFs: +$64mn
* BTC dominance rises, major L1s all fall
* Buffet destroying capital in cash: Saylor
* JPM settles transaction on public blockchain
* Tether launches QVAC, its AI platform
* USD devaluation to drive BTC: Hayes
* VanEck launches Onchain Economy ETF
* ETH Foundation to launch 1TS audit initiative
* Mastercard to roll out new stablecoin cards
* eToro stock pumps post IPO
* Coinbase set to eye more M&A after Deribit
* MetaMask may still launch a native token
* Ukraine to collab with Binance for BTC reserve
* Outgoing CFTC Commissioner to join crypto lobby
* Backpack announces full integration with SUI
* Brazil wants strict oversight of stablecoin transfers
* BNB DEX volumes at 3-month high

Macro & General

* NASDAQ: 19.1k (+1%), Gold: 3163 (-1%)
* US futures lower after 3 day rally, PPI today
* 10-year yield went back above 4.5%
* Gold falls to 1-month low
* US Put/Call ratio hits Dec 2010 lows
* US company earnings revisions turn positive
* Fund manager sentiment indicator still very bearish
* US poised to dial back GFC-era bank rules
* US Credit card delinquencies highest since 2011
* India offers zero tariffs to US: Trump
* Trump thinks Iran deal is very close
* We’re ready to sign nuclear deal with US: Iran
* Putin wont attend talks with Zelensky in Turkey

Left Curve Corner

* Hot coins: FAI, BOTIFY, NOBODY
* Hot NFTs: Ethos Validators, Biome Lumina, Meebits
* Believe App blocks new start-ups from launching
* LAUNCHCOIN hits $400m then falls after news
* FARTCOIN flips BTC in volume on Hyperliquid
* Meteora volume pumps on the back Believe App
* Lyft to use DePin tech for mapping
* Binance writes research report on AI sector
* KAMINO S3 airdrop set to go live
* REKT Drinks teases new partnership

gm

wait - is China about to unban crypto?

"how high can Bitcoin go?"

me:

Suddenly think theres good chance ETH goes to $4k

Other than ETH, what would you want to own?

ETH holders the moment Pectra hit:

web3 Red Bull...

"but babe they are trading at support"

“yes the source of funds is memecoin trading”

POV: you have a worthless L1 token and 50% of the team supply is available to loan

🟥 Things I’m looking at today 🟥

BTC dominance rises, Saylor wants $82bn BTC, BOOP launches

@YEET x Mando Minutes
$10k prize this month to one email subscriber who signs up to YEET via https://t.co/zOH2cCPlY6

Crypto

* BTC: 96.6k (+1%), ETH: 1825 (-1%), SOL: 149 (-2%)
* Top Gainers: IMX, EOS, QNT, IP, VIRTUAL
* BTC ETFs: -$56mn, ETH ETFs: -$2mn
* Total crypto market cap reclaims $3.1T
* BTC dominance hits 4-year high
* Strategy wants to raise $82bn to buy BTC
* Metaplanet raises $25m to buy BTC
* Tether makes >$1bn profit investments in Q1
* Morgan Stanley to add crypto for e-trading clients
* Two Prime to focus only BTC asset management
* Manche suspended from Movement Labs
* Coinbase to suspend trading for MOVE on May 15
* Kraken revenue soars ahead of planned IPO
* Huione Group ‘laundered $4bn funds’ for N. Korea
* HYPE is the coin for alt season: Hayes

Macro & General

* NASDAQ: 17.7k (+2%), Gold: 3269 (+1%)
* S&P500 7 day winning streak, longest since Nov
* Most stocks actually beating S&P 500 this year
* S&P 500 may not have bottomed: Goldman Sachs
* Stock market sentiment shifts to ‘Neutral’
* Trade talk ongoing with 200 countries: Trump
* China evaluates US offer to negotiate tariffs
* EU to present new trade proposals to US
* US continuing claims at highest since 2021
* Dallas manufacturing index at lowest since Covid
* Bank reserves at Fed lowest since Jan 1
* Oil bounces after US places sanctions on Iran oil
* Saudi oil production at lowest in 15 years
* Rate cut odds at May Fed meeting below 5%
* Waltz to step down as security advisor
* Microsoft becomes world’s largest public company
* Apple to buyback $100bn stock

Left Curve Corner

* Hot coins: BOOP, REKT, Aimonica
* Hot NFTs: Azra Games, Beeple, The Llamas
* BOOP $380m, new SOL memecoin launchpad
* Several KOLs launch coins on BOOP to unlock tokens
* REKT $50m, new flavour launch next week
* Freight Tech to raise $20m to acquire TRUMP

gm