The Daily Modern Market Snapshot: Tue 3 June

Majors: BTC 105k; ETH 2.6k; SOL 159

Headlines

- Strategy announces 2.5M new perpetual preferred shares called Stride to buy more BTC

- HYPE outperforms other majors: up 12% to $36; Binance US announce spot listing coming soon

- Tether announces XAUt0 - tokenised gold on the blockchain with TON: backed 1:1 by one fine troy ounce of London Bullion Market Association-certified gold, securely stored in a dedicated Swiss vault

Notable PA

- KTA up another 7% pushing past $1B FDV

- Launchcoin up another 16% to $150M

- Maker +12% to $989M on stablecoin bullishness + strong revenue

Notable Sales

- Adam Weitsman buys Skull of Luci for 120 ETH

- Rekt Drinks 'Ship Rekt' launches today on Opensea: 9AM PT

Web 3 Round Up

- Vitalik and ETH foundation shares plans to scale ETH 10x with 1 year timeframe

- Robinhood announces acquisition of Bitstamp, bringing Robinhood a globally scaled crypto exchange with customers across the EU, UK, US and Asia

- Ethereum L2 Morph CEO Cecilia Hsueh steps down with ex-Binance executive ready to take over

- Tether starts to send around 26,000 BTC to Twenty One capital as part of its investment into the BTC treasury company

- Russia's largest bank Sberbank launches structured bonds tied to BTC

- Norweigan Block Exchange becomes first publicly trades BTC treasury company in Norway

More News

- Pixel Vault begins an auction for 16 CryptoPunks which had been owned by PUNKS token holders: current bid is 16.8 ETH

- Ross Ulbricht receives $30M donation in BTC to his donation wallet

- META shareholders reject a BTC treasury proposal: 95% voted against

Social Crypto

- SKATE have set aside rewards of up to 1% of SKATE supply going to early yappers, Kaito ecosystem and top 20k yappers contributing to their AMM

- YuHu Kaito CEO shares value of attention article: projects have control over their own leaderboard, so can optimise for the level of insightfulness, alignment, sentiment etc

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