The Daily Modern Market Snapshot: Mon 12 May

Majors: BTC 103k; ETH 2.5k; SOL 165

Headlines

- US and China Deal release positive joint statement: both parties commit to keep 10% tariffs but suspend some of the rest for an initial period of 90 days

- BTC dominance down to 61% from 64% 4 days ago: memes running hard

- Blackrock meets with SEC to discuss staking and crypto ETFs

Notable PA

- WIF +40% to $1.20 to $1.2B, MOODENG + 111% to 250M, FWOG +60% to 108M

- GOAT +56% to 200M

- SUI up another 5% to $4.20; majors settle down whilst alts run

Notable Sales

- CrytoPunk, Pig Tails - 81 ETH

- Pudgy Penguin, Santa Hat - 29.55 ETH

- Sam Spratt, Masks of Luci - 5.55 ETH; 6 ETH

Web 3 Round Up

- Japanese investment firm Metaplanet buys another 1241 BTC: holdings total 6,796 BTC, worth around $700M

- Democratic senators introduce legislation to ban creation and promotion of cyrpto by Trump and other official government positions; part of heated stablecoin bill negotiations now, seeks to prevent profiting of memecoins

- USDT0 launches on Hyperliquid

- Lido Finance run emergency vote to replace oracle node after suspected private key leak: stakers unaffected, running 9 of 5 multisig

More News

- Memecoin launchpad BOOP ends airdrop claims: shut down because of loopholes in design; new incentive system to come out in 1-2 weeks

- Frank DeGods announces today is his last day as CEO of DeGods

- Ordinals mooving: BTC Puppets up 35% to 0.049 BTC and OMB up 31% in 24 hours

LIKE, COMMENT & RT if you found this helpful