The Daily Modern Market Snapshot: Tue 27 May

Majors: BTC 109k; ETH 2.6k; SOL 175

Headlines

- Trump's Media Group denies 'dumb writers' at FT suggesting they had plans to raise $3B to buy crypto

- Coinbase faces class action law suit filed by stock holders arguing disclosure of recent data breach was late and caused shareholder harm

- Huge Hyperliquid trader James Wynn sees $80M PNL reduce to $13M: stopped trading, for now

Notable PA

- Huma Finance comes out at $630M FDV after airdrop to Kaito ecosystem

- VIRTUALS up another 7% to $2.34

- PANCAKE swap on BNB up 17% to $2.87, $1.06B FDV

- HYPE down 3% to $37, but up 40% on the week

Notable Sales

- Kaito Genesis NFTs up 13% to 3.12 ETH floor

- Memeland Captainz bounce 11% to 0.44 ETH floor

- CryptoPunk, Shades - 64 ETH

- MegaETH community NFT Bad Bunnz runs to 0.25 ETH floor

Web 3 Round Up

- Strategy buys another $427M of BTC at $106K

- Solana founder Raj Gokal KYC details doxxed on famous rapper Migos' insta account

- Michael Saylor criticises proof of reserves on security grounds

More News

- Axiom trading bot has generated more than $100M in revenue in first 4 months of launch

- French company The Blockchain Group completes $63M of convertible bond issuance to buy more BTC

- Dubai Land department unveil first real estate tokenisation platform on XRP Ledger

Social Crypto

- HUMA Finance drops 0.1% of supply to top 500 yappers; 0.1% to Kaito ecosystem; $630M FDV

- Skate provides invite codes, accessible in your Kaito Earn Dashboard

- Crypto casino YEET announces Kaito Yap Leaderboard

- Over $600k of uPatrons have been distributed to top 500 Yaprunners by Infinex

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