OBSIDIAN AVA price

The Morning Minute (5.6) ⏰Top News: -Crypto majors continue decline; BTC at $93,800 -GENIUS bill faces issues in Congress over Trump’s involvement -Bernstein predicts $330B in corporate BTC inflows by 2029 -Defi Development acquires another $72M of Solana -Freight Technologies announces strategic TRUMP reserve 🌎 Macro Crypto and Memes -Crypto majors are red this morning while gold jumps 2% to retest local highs; BTC -1% at $94,000, ETH -1% at $1,780, XRP -3% at 2.10, SOL -1% at $143 -FORM (+6%), XDC (+3%) and DEXE (+3%) led alts -Senate Democrats are trying to delay the GENIUS Act (stablecoin legislation) due to concerns about President Trump's financial interests in crypto, potentially hindering broader market structure reforms -Meanwhile a new draft crypto market structure bill is floating around the House and would end the SEC’s oversight over most crypto assets -Semler Scientific purchased 167 BTC, increasing its total to 3,634 BTC ($342M) -Bernstein analysts predicted $330B in corporate BTC inflows by 2029 -Florida became the latest state to withdraw its Bitcoin Reserve bill -Vitalik has proposed reducing the Ethereum network's complexity to make it more accessible and maintainable -Ripple announced a $25M investment in U.S. classrooms through Donors Choice and Teach for America -VanEck filed for the first-ever BNB spot ETF -A Kenyan High Court ordered Worldcoin to delete its citizens’ biometric data within 7 days -eToro filed for an IPO seeking to raise $500M at a $4B valuation -Defi Development (previously Janover) acquired another $72M of Solana via acquisition In Memes -Memecoin leaders were mostly red; DOGE -3%, Shiba -2%, PEPE -5%, TRUMP -4%, BONK -2% & FARTCOIN +1% -Freight Technologies announced plans to raise funds to acquire the TRUMP memecoin, leading to a 100% gain last week before selling off this past Monday 💰 Token, Airdrop & Protocol Tracker -Bybit announced stocks, indexes, oil and gold will be tradeable on its exchange soon -Berachain’s BOYCO rewards unlock today -Ethena is bringing its USDE to Hyperliquid -Wasabi announced its first JLP vault along with 104% yield on its BERA deposits -AIMI teased the first-ever agentic AI prediction market integration with Myriad with more info coming today -Kraken listed USDT0, the omnichain version of USDT from Flare Networks 🤖 AI x Crypto -Overall market cap fell 1% to $8.8B, leaders were mixed -FARTCOIN (+2%), VIRTUAL (-5%), ai16z (+3%), AIXBT (-8%), and ALCH (-7%) -MOBY (+20%) and SEKOIA (+10%) led notable movers -Fartcoin led mindshare with a 10% share; AVA and Virtual are next -Virtuals announced several changes to its Virgen points system 🚚 What is happening in NFTs -ETH NFT leaders are mostly even; Punks even at 44.5 ETH, Pudgy even at 11.7, BAYC even at 13.85 ETH -Good Vibes Club (+12%), Otherside Kodas (+29%), and Kaito Genesis (+17%) led notable movers -BTC NFT leaders were mixed with Taproot Wizards +3% at 0.183 BTC, Bitcoin Puppets -3%, NodeMonkes -4%, OMB -1%, Quantum Cats +2% -Abstract NFTs were very green led by Captain & Company (+40%), Kabu (+30%) and RUYUI (+21%)

May bear seasonality is coming Just like the previous summer of 2024, I expect us to chop in this 70k to 95k range with lower lows until the August - September period. Ways you can profit from these period - Track low MC high mindshare tokens like $AVA which can move even in bearish conditions - Short $XRP, $SOL, tokens with high unlocks and lack of momentum - Preserve capital Current price action heavily reminds me of the same April period where we almost reached new highs on $BTC above 70k before going back down. Reasons to be bearish include: - Fed deciding not to take any action on rate reductions - Summer seasonality - Lack of momentum for equities and alts Stay careful out there