The Daily Modern Market Snapshot: Mon 19 May Majors: BTC 103k; ETH 2.4k; SOL 160 Headlines - BTC runs to $106K before sharp pull back to $102K - Trump's tax bill progresses which is estimated to add around $4 trillion to deficits over a decade; Moody downgrade US credit rating; Bessent signals debt to increase whilst trying to maximise US GDP; US Treasury yields rise; Japan's 40 year bond yield just hit highest level in 20 years Notable PA - ETH down 4% on the day back to $2.4K, SOL down 5% to $161; HYPE down 3% to $26 - Memes are red across the board: FARTCOIN -5% to $1.21; MOODENG - 6% to $0.23 - LAUNCHCOIN down 15% to 210M, holding around 200M quite strongly the last few days - VIRTUALS shows strength against everything else: up 3% to $1.84 Notable Sales - CryptoPunk, Zombie - 440 ETH - Other World, Prophets - 16 ETH - CryptoPunk, Shades - 54.5 ETH - Refik Anadol, WOT - 8.99 ETH Web 3 Round Up - Japanese investment firm Metaplanet buys another 1004 BTC for around $104M: total holdings up to around $806M - El Salvador President Nayib Bukele shares screenshot of $357M in unrealised profit on BTC buys - US Senate to vote on stablecoin regulation with the GENIUS Act as soon as today More News - ARBUS agent settles around $12M after being launched on Virtuals: more than 50x for virgen points spenders - Token Works minted 256 NFTs for 1 ETH each raising 256 ETH: a studio to fund creators vesting over time instead of immediate transfer of funds Social Crypto - PT-sKAITIO has risen to 44% as market is bidding YT on Pendle: Kaito Founder Yu Hu shares thought that people are waking up to 'earn and drop' season for sKAITO holders - KAITO shows strength against rest of market +10% to $1.92 - Openledger announces reward month of Yaptopus: ranks 1-25 will share $15k pool; also a specific similar pool for Chinese region LIKE, COMMENT & RT if you found this helpful