The Daily Modern Market Snapshot: Wed 18 June

Majors: BTC 105k; ETH 2.5k; SOL 147

Headlines

- Majors dip as Iran - Israel conflict heats up: BTC dip to $103K bought back to $105K

- US Senate passes the stablecoin GENIUS bill

- Public company Eyenovia raises $50M to buy HYPE as part of HYPE treasury strategy

Notable Sales

- Gristle Buddeez Worldwide collection by Die mints out raising 137 ETH with 1989 pieces sold

- Day Gardens collection by Tyler Hobbs sells out for 325 ETH in total

- Beeple, Bull Run - 11 ETH

- CryptoPunk, Pilot Helmet - 99.75 ETH

Web 3 Round Up

- Treasury Secretary Scott Bessent projects stablecoins to grow to $3.7 trillion market cap by end of decade

- JP Morgan announces Kinexys, launching JPMD a USD deposit token for institutional clients on Base

- Coinbase seeks SEC approval to offer blockchain based stock trading

- Kraken backed Ink Foundation to airdrop INK token: token will debut on AAVE; more details to come soon

- Eigenlayer announces Eigencloud: cloud grade power and crypto grade trust; the first true crypto cloud

More News

- WIF creator launches new token PAWSE on Bullpen: criticism for 100% selling taxes for not trading on their platform in first few hours

- DDC Enterprise announces up to $528M raise to accelerate BTC treasury strategy

- Fold BTC wallet company secures $250M equity purchase facility to further BTC treasury strategy

- Capital gains on crypto goes to 0 in Thailand until 2029

- Ubyx announces $10M seed round to deliver global clearing system to unlock stablecoin ubiquity; backed by coinbase ventures, founders fund and van eck

Social Crypto

- Hana announces 1.5% of token supply for KAITO community

- GOAT Network creates leaderboard with 6 month campaign for 1% of supply

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