The Daily Modern Market Snapshot: Tue 20 May

Majors: BTC 103k; ETH 2.5k; SOL 167

Headlines

- ETH outperforms majors again +5% to $2.5K

- JP Morgan CEO Jamie Dimon announces clients will be able to buy BTC: compares buying BTC to smoking; he doesn't like it but defends your right to do it

- The Senate advances Genius Act to help progress regulation on stablecoins

Notable PA

- AAVE +21% to $4.2B FDV

- LAUNCHCOIN up again +16% to 240M

- REKT up another 10% to 88M

Notable Sales

- Kaito Genesis NFTs +10% to 2.8 ETH

- 5 CryptoPunks sold between 46 - 55 ETH

- Refik Anadol, Biome Lumina - 4.55 ETH

Web 3 Round Up

- Circle could be sold to Coinbase or Ripple according to sources: Ripple's $4-5B previous bid rejected

- Bybit has become first major crypto exchange to offer direct global trading with USDT: access to 78 top equities

- AAVE TVL breaks $30B; token price rises 20% on increased TVL

- Binance seeks to dismiss FTX $1.76B clawback lawsuit

More News

- SEC Chair Hester Peirce in latest speech suggests all crypto assets which are 'collectibles and stablecoins' should probably be excluded from 'security' definition

- Indonesia-based fintech firm DigiAsia announces plan to raise $100M to buy BTC and allocate up to 50% of future net profits for continued BTC accumulation

- Virtuals announces Diamond Hand Bonus now can only be achieved by staking agent tokens too, not just passive agent holdings

Social Crypto

- Huma Finance announce multi-season rewards campaign allocating 0.5% of token to Huma Yappers; portion also going to Kaito ecosystem

- Noise the mindshare trading protocol on MegaETH announces that top week 1 Infinex yappers will receive Noise invite codes

- Yu Hu shares future Kaito vision: "from June onwards it will also be the BNB for capital formation"

LIKE, COMMENT & RT if you found this helpful