Market Brief – Monday, 19/05
- $BTC closed its highest weekly candle in history, currently hovering around $105K, while altcoins remain relatively stable with little movement
- President #Trump and First Lady sent well wishes to President Biden after learning of his prostate cancer diagnosis with bone metastasis.
- #MichaelSaylor hints at accumulating more BTC. MicroStrategy currently holds 568,840 BTC (~$60.2B).
- Vladimir Smerkis, co-founder of Blum, was arrested in Russia on May 16 on charges related to a large-scale fraud investigation.
- The Avalanche network hit a record 1.95M active wallets in May, thanks to MapleStory Universe and BlackRock’s deployment of sBUIDL on Euler.
- MetaMask to support #Solana in May 2025, allowing users to access Solana assets and dApps directly within the wallet — its first expansion beyond the EVM ecosystem.
- Phantom wallet on Solana launched PSOL token staking, now with a market cap of ~$7.8M and over 7,300 holders.
🗓 Upcoming Events
9:00 PM today: President Trump to call President Putin to discuss a potential Russia-Ukraine ceasefire
- May 20: Google I/O, the largest developer conference — updates expected on AI models and Android 16
- May 21: Baidu’s Q1 earnings report
8:45 PM, May 22: U.S. PMI data release
- Manufacturing PMI (Forecast: 49.9, Previous: 50.2)
Services PMI (Forecast: 50.7, Previous: 50.8)
- 7:30 PM, May 22: U.S. weekly jobless claims (Forecast: 227K; Previous: 229K)
- May 22: Trump’s private dinner with the Top 220 $TRUMP token holders
🔓 Token Unlocks
- May 19: Pyth Network unlocks 2.13B $PYTH (58.62% of circulating supply), worth $322.91M
- May 22: Metars Genesis unlocks 10M $MRS, worth $177.4M
- May 22: Space ID unlocks 12.65M $ID (2.94% of supply), worth $2.64
- May 23: Coin98 unlocks 16.53M $C98 (1.74% of supply), worth $1.05M
- May 28: Bio Protocol unlocks 339.1M $BIO (20.27% of supply), worth $25.81M
🪂 Airdrop Updates
#Binance distributed an additional 3,860 REX tokens