Daily Crypto NewsEDITION #1204, 22 May

MONI DIGEST #8

The U.S. plans to buy a million $BTC, while we’ve just broken the ATH with Bitcoin. Meanwhile, Solana is starting to ship out Solana phones.

Economy, Macro News:

- Senator Cynthia Lummis stated that Americans are ready to establish a U.S. BTC reserve.

The key takeaway from this news is that the U.S. plans to acquire around 1 million $BTC over the next five years, considering the total $BTC supply of 21 million tokens — quite a noteworthy statement.

What’s Happening in Our Crypto Market:

- $BTC has broken its ATH

Many are still waiting for an altseason, probably. Historically, Bitcoin dominance has dropped after an ATH, but right now, we’re seeing 61%. Folks, it’s time to accept the new reality. For a variety of reasons, a classic altseason might not happen.

- Today at 15:00 (MSK), Binance will list the Trump family’s stablecoin $USD1

We previously covered the stablecoin bill in the U.S. and highlighted a few key points. Things are getting very interesting, so we recommend checking it out.

- Solana Mobile — if you’re waiting for your phone, there’s good news: shipping starts on August 4. You’ll need to confirm your delivery address now, but keep in mind that for some countries, there’s an additional $50 shipping fee. You’ll also have the option to purchase a case and screen protector. On top of that, the team has announced a future token, $SCR.

Projects to Work On:

FractionAI — we previously talked about the project’s testnet campaign. Well, it has now launched on mainnet, and you need to migrate your testnet points to mainnet in your profile. The instructions are here. If you don’t do this, you won’t receive the airdrop.

Opensea & BeraTone — today, Opensea will host an NFT mint by BeraTone, a life-sim game on Berachain. They’re promising to distribute a box with XP for minting. The mint costs 20 $BERA (NFA, DYOR). You can read more about the game in this article, and check out the NFT utility here.

Espresso — Layer3 now has two new quests: the first requires you to buy $GLP tokens for any amount, and the second involves bridging at least 0.0075 ETH from Arbitrum to Rari Chain. Additionally, you can try your luck in a joint raffle with Plume on Galxe, where the prize is one of five Espresso Composable NFTs (deadline: May 26).