The Morning Minute (5.19) ⏰Top News: -BTC hits highest ever weekly close around $106,500 -GENIUS Act gearing up for key vote this week -14 US States hold Bitcoin via MSTR totaling $632M -Zombie Punk sells for $1.08M; Skulls of Luci set record with 100 ETH sale on Gondi -DFDV stock soars 75% after announcing partnership with BONK 🌎Macro Crypto and Memes -Crypto majors are red after a roller coaster Sunday; BTC -1% at $102,900, ETH -4% at $2,410, XRP -3% at $2.31, SOL -6% at $161 -Stock futures are red and crypto majors are on a roller coaster after Moody’s downgraded the US Credit rating on Friday after market close -The U.S. Stablecoin Bill (GENIUS Act) may pass the Senate this week, marking a significant step in crypto regulation -Fourteen U.S. States are long Bitcoin via MicroStrategy with a combined $632M in exposure -Metaplanet buys another 1,004 BTC for ~$104M -Defi Development’s stock soared 75% on Friday after they announced a new partnership with BONK -Galaxy Digital began trading on Nasdaq, signaling increased institutional interest in crypto -Basel Medical Group announced plans to acquire $1B in Bitcoin, joining the trend of corporate BTC adoption -Crypto Venture Capital is now projected to exceed $18 billion in 2025, indicating robust investment activity -Steak and Shake announced it’s now accepting Bitcoin as payment at all of its locations in the US -An Alabama man was sentenced to 14 months in prison for faking the SEC BTC ETF approval announcement In Memes -Memecoin leaders were mostly red; DOGE -3%, Shiba -4%, PEPE -5%, TRUMP -4%, BONK -6% & FARTCOIN -7% -Launchcoin eco is holding at $368M in total size, with LAUNCHCOIN at $214M; KNET was newest runner from the weekend, reaching $14M; THERANOS +45% to $12M also a winner 💰 Token, Airdrop & Protocol Tracker -Kraken expanded its global reach through a partnership with Dutch neobank bunq, enhancing its crypto-as-a-service offerings -Infinex dominated mindshare over the weekend after the launch of its $6M Yaprun rewards program with Kaito -Openledger announced its own Kaito reward program ‘Yaptopus’ 🤖 AI x Crypto -Overall market cap fell 5% to $10B, leaders were mostly red -FARTCOIN (-7%), VIRTUAL (-2%), ai16z (-7%), FAI (evn) & AIXBT (-11%) -BUZZ (+10%), CLANKER (+10%) and BNKR (+9%) led top movers -Virtual led mindshare with a 27% share; Fartcoin and Arbus are next -Virtuals just announced its new staking program as a shift in its Virgen points program -Distribute AI completed its $4M presale at a $15M valuation on Saturday ahead of its upcoming TGE 🚚 What is happening in NFTs? -ETH NFT leaders are mostly green; Punks +2% at 46.6 ETH, Pudgy +1% at 10.1, BAYC +1% at 12.85 ETH -A Zombie CryptoPunk sold for $1.08M (440 ETH), nearly 10x the floor -A Skull of Luci sold for 100 ETH on Gondi, a new ATH sale for the Skulls -BTC NFT leaders were mixed; Taproot Wizards -1% at 0.211 BTC, Bitcoin Puppets +10%, NodeMonkes +6%, OMB -9%, Quantum Cats -1% -Abstract NFTs were mostly green led by Dreamilio (+13%) -Lil Pudgy’s launched a new TV show on YouTube -Token Works minted out 256 NFTs on Saturday for 1 ETH each, with the NFTs soulbound and tied to the Funding Works platform, which is exploring a new model where capital is allocated to creators vs products