The Daily Modern Market Snapshot: Wed 7 May

Majors: BTC 96k; ETH 1.8k; SOL 147

Headlines

- BTC trades past $97k on US/China positive trade progress

- New Hampshire officially signs bill allowing state to invest in BTC

- Ethereum Pectra upgrade live today bringing biggest code change since the Merge: focus on improving staking and wallet features

Notable PA

- REKT up 25% on day of Abstract Apple new drinks sale; up 90% on 7 days to 60M

- MOVEMENT down another 13% to $1.5B on news Rushi Manche terminated: new leadership appointed

- KAITO up 40% to $1.20, with NFTs spiking to 2.5 ETH

- HYPE up 8% on the day to $21

Notable Sales

- CryptoPunk, Beanie - 150 ETH

- CryptoPunk, Cowboy - 77.5 ETH

- XCOPY, Grifter - 18.27 ETH

Web 3 Round Up

- Jack Maller launches BTC backed lending with Strike: draws criticism for being centralised, already possible on AAVE

- Solana Name Service to launch SNS token: eligibility checker is now live

- UK government rules out BTC reserve

- Tokyo listed Metaplanet buys another 555 BTC for around $53M

More News

- Doodles announce their DOOD token to launch on Solana

- SOL strategies buys $18M of SOL tokens with first tranche of $500M debt financing

- Abstract Apple flavour REKT drinks to go on sale today

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