For the Love of the Game (Market Commentary) |
The water here in crypto is starting to get choppy. Early this year, it looked like we had smooth
sailing towards a new era of crypto regulations and adoption at a level we haven’t seen before. Today, it’s beginning to look like getting to our destination might be more turbulent than we expected.
This week, Congress will begin taking a serious stab at stablecoin regulation, with the GENIUS Act heading to the Senate floor for debate. While it looked like it would move along with ease, sudden partisan politics have now 9 Democrats flipping against this crypto legislation and casting its future in doubt. We also have Donald Trump being called out publicly for making stablecoin deals that benefit him in a tremendous way, all while also lining his pockets with money earned from his memecoin. Is crypto now being hurt by Trump more than he’s helping it? Right now, at the very least, it’s something we need to consider. Still, crypto’s more distant future is more of a certainty which is why CZ is predicting that we’ll see $500K - $1M $BTC this cycle. I can get on board
with that. Stablecoin Regulation in May? A defining moment has arrived for crypto as news leaked that stablecoin legislation may arrive this month in the form of the GENIUS Act. It comes at a time when stablecoin adoption is reaching a fever pitch around the
world. - Senate Majority Leader John Thune told Republican senators that the upper chamber will vote on the
GENIUS Act by Memorial Day.
- Senator Elizabeth Warren calls on politicians to vote against the GENIUS
Act.
- The SEC dropped its investigation into PayPal’s $PYUSD stablecoin.
- Ripple offered $4B - $5B to acquire Circle (USDC), but was rejected.
- MetaMask Card lets you spend $EURe and $GBPe in Europe, and Visa launched stablecoin payments in Latin America.
A new Solana memecoin launchpad went live last week, and it aims to be a major PumpFun competitor. - Boop Dot Fun comes from former Binance Co-founder Dingaling.
- The platform has tokens called $BOOP, which traders earn from holding tokens that reach a $70K market cap.
- Staking $BOOP gives traders daily $SOL rewards as well as some tokens from every memecoin that
graduates (hits $70K market cap).
- Top influencers received a massive token claim, but they had to
launch a memecoin of their own to be eligible. Even AIXBT launched its own memecoin.
One of the top native Web3 brands dropped a few MAJOR announcements at Token2049 at Dubai last week. - The Claynosaurz will be launching a new collection called Popkins Unleashed on the Sui
blockchain.
- Popkins Unleashed will be a 25k-ed NFT collection and will be part of a mobile game
experience.
- A mobile Claynosaurz game will be released later this year, along with a new ecosystem rewards system.
Developments on the regulatory front are heating up, showing how close crypto is to breaking through to the mainstream. - The United States Treasury reached the May 5 deadline to deliver a report to Donald Trump
evaluating the creation of a Strategic Bitcoin Reserve.
- Arizona Governor Katie Hobbs blocked the state’s Strategic Bitcoin Reserve legislation, while
North Carolina progressed further, and Roswell, New Mexico, became the first city to pass one.
- Apple lost a major antitrust case, which now means crypto apps can live on the App Store and accept
payments in crypto.
- AI tokens were on fire this week, with the total market cap crossing $9B before pulling back this week. As of today, the AI market cap is $8.69B, down -1.7% from last week.
- Stablecoin issuer Tether had a major announcement, revealing a move into AI with Tether.ai. It
will be an open-source AI runtime that can run on any hardware and device with no API keys or central points of failure. Their WDK will allow USDT and Bitcoin payments via billions of AI agents.
- Billy Bets released updated dashboards and a token-gated terminal.
- Nous Research released Atropos, their Reinforcement Learning for
LLMs.
- US Crypto Czar David Sacks says AI will become a million times more powerful over the next 4
years.
- Visa and Mastercard reveal Intelligent Commerce and Agent Pay, giving AI agents access to credit
cards.
- Virtuals announced that Base’s head of AI & DePIN will be joining the Virtuals Partners
Network.
- AIxVC launch date has been revealed and will drop on Virtuals on May 13.
- Virtuals update the Virgen Points system that will reward holders for “Diamond Handing” their
tokens, while points will now expire in 14 days instead of 30.
- It was another week of big NFT sales, ranging from collectibles to art. CryptoPunk #6472 was the week’s top sale, selling for 200 $ETH ($360K), while 19 other Punks also exchanged hands. Other big sales include Boogle #3, which sold for 1,400 $SOL ($203K), and a flurry of XCOPY Grifters sales totaling 154 $ETH ($282K).
- Pudgy Penguins revealed some of their work in Washington, DC, speaking to legislators to advise on
crypto and NFTs.
- A core AOI (Art on Internet) wallet was compromised and saw almost 100 NFTs sold by a
scammer.
- Doodles $DOOD token may arrive as soon as this week, and ahead of the launch, the team
is teasing big partnerships and activations.
- FxHash launched a major site upgrade ahead of their $FXH token TGE.
- A rare Moonbird NFT, which once sold for 55 $ETH, was sent to the Ethereum burn
address.
- RektBrands will launch their new Abstract Apple drink on May 7.
- NFT backup solution, ClubNFT, announced that they’re ending their services on May
31.
- NFT artist DeeKay saw his work featured on the Las Vegas Sphere.
- NFT sales climbed to a 3-week high, finishing at $93.33M.
- Unique buyers climbed +22.03% while sellers fell -1.78%, and transactions saw a +29.25% increase.
- Traders continue to see negative trade profits, though up 3.03% this week to -$5.86M.
ETH NFT Composite - 551.13 (+2.04%)
SOL NFT Composite - 508.27 (-0.06%)
POL NFT
Composite - 3.69 (-7.75%)
CAR NFT Composite - 422.90 (+0.08%) Crypto remained mostly flat on the week, with $BTC up +0.1%, $ETH +1.4%, $SOL -0.2%, and $XRP seeing the biggest decline of the majors, down -7.1%. The GENIUS Act could bring stablecoin regulations as soon as next week, which is a major catalyst that could send the entire crypto market to all-time
highs.
Top Gainers 7d VIRTUAL - $1.66 (+17.7%)
DEXE - $15.04 (+14.4%)
QNT - $86.16 (+13.9%)
HYPE - $20.02 (+12.1%)
XMR - $274.85 (+8.7%)
Top Losers 7d
TRUMP - $11.04 (-24.5%)
WLD - $0.8714 (-22.8%)
ENA - $0.2704 (-19.1%)
TIA - $2.36
(-18.3%)
OP - $0.6459 (-18.0%) |
Few-shot learning is a prompt-based technique where you give an AI model just a handful of examples (usually 1–5) to demonstrate the task before asking it to generate new outputs. By showing the pattern with only a few samples, the model
can generalize without needing a full fine-tuning run. This makes it perfect for quickly adapting an AI’s behavior to new formats or niche topics on the fly. Received this from a friend? Sign up for this CryptoSlam VIP newsletter. |
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