🟥 Things I’m looking at today 🟥
Crypto legislation worries, gold starts rallying again, CFTC to trial tokenisation
@YEET x Mando Minutes
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Crypto
* BTC: 94.4k (0%), ETH: 1805 (-1%), SOL: 145 (-1%)
* Top Gainers: XDC, XMR, DEXE, TAO, NEXO
* BTC ETFs: +$426mn, ETH ETFs: $0mn
* Crypto dips on worries about US legislation passing
* Florida’s BTC reserve bills postponed
* Semler Scientific buys $16m BTC
* Riot Platforms sold $39m BTC in April
* BTC coinbase premium dropping again
* DeFi Development buys $72m SOL
* SOL April revenue is more than all L1, L2 chains
* SUI stablecoin supply >$900m, sets new ATH
* SEC delays Canary LTC ETF
* CFTC to observe pilot tokenisation programs
* Trump set for 2 crypto focused dinners in May
* ETH Pectra upgrade live tomorrow
* TVL of tokenised RWAs surpasses $22bn
* FTX estate sold $500m Cursor stake for $200k
* CZ wants BTC, BNB in Kyrgyzstan’s reserves
* CZ does 1hr long interview on crypto outlook
Macro & General
* NASDAQ: 17.8k (-1%), Gold: 3384 (+2%)
* US stocks finally snap win streak
* Gold rallying again, nears ATH
* US ISM better than expected
* Stock market sentiment hits ‘Greed’
* Short interest in US small caps highest in 6 years
* Money market fund AUM hit record $7.4T
* US won’t exempt Japan from reciprocal tariffs
* India offers lowered tariff deal to US
* Mexico has ‘reached deals’ with US
* China services growth hits 7-month low
* Lira hits all-time low against USD
* TWD makes largest single day jump since 1980s
* Merz fails to win first majority in German election
* 5-year reprieve for federal student loans ends
* Trump admin to offer $1k for illegals to leave
* Trump signs EO to boost drug manufacturing
* Announcement next week on pharma costs: Trump
* OpenAI abandons plans to become ‘for-profit’
* Skype shuts down
* eToro files for IPO at $4b valuation
Left Curve Corner
* Hot coins: UTRUMP, VETA
* Hot NFTs: Good Vibes Club, Kodas, Kaito Genesis
* Zerebro founder passes away
* Good Vibes Club up 4x in 3 weeks
* Kaito Genesis up to 2ETH on upcoming airdrops
* Freight Tech stock crashes on plan to buy TRUMP
* Myriad Markets to collab with AIMI
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