The Daily Modern Market Snapshot: Wed 25 June

Majors: BTC 106k; ETH 2.4k; SOL 147

Headlines

-CRCL retraces 15% to $222: down from highs yesterday of around $300

- Sharplink Gaming purchases another 12.2K ETH for around $30M, taking total ETH holdings to 188K ETH

- Ledger announces NBA sports jersey sponsorship of San Antonio Spurs

Notable PA

- NEWT airdropped with KAITO support and trades as high as $700M FDV before retrace to around $450M FDV

- DOG on BTC +10% to $380M FDV

- SEI +8% on the day, +77% on the week to $3B FDV

Notable Sales

- XCOPY, Siphon - 30 ETH

- CryptoPunk, Nerd Glasses - 42 ETH

- Tyler Hobbes, Fidenza - 26 ETH

Web 3 Round Up

- Polymarket reportedly raising $200M at valuation over $1B

- Fed Chair Powell gives banks the go ahead to conduct crypto activities: "banks are free to conduct crypto activities"

- Metaplanet raises $510M to buy more BTC

- Robinhood CEO Vlad Tenev on CNBC explains crypto will replace traditional finance

- Trump's Truth Social files for BTC and ETH ETF with NYSE

More News

- NFT lending platform Gondi announces new version: full stack liquidity solution for NFTs where you can collect, sell, borrow and lend

- Certain creators airdropped up to $15,000 by Magic Newton via KAITO

- Coinbase reveals its key role in helping US Secret Service seize $225M in stolen crypto

- Cerebro portfolio management company announces integration with Ethos as part of its GTM to surface high signal quality users

- Infinex announces multiple passkeys, permitting other devices access to your Infinex account

Social Crypto

- Kaito Yaps for NEAR protocol are live

- Orderly announces revenue share from perp trading for Orderly Yappers

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