The Daily Modern Market Snapshot: Tue 13 May

Majors: BTC 102k; ETH 2.4k; SOL 171

Headlines

- COIN up 8% on news it will enter S&P 500

- BTC Magazine CEO David Bailey announces merger with Kindly MD to create public company focused on BTC treasury strategy: raised $710M

- Pump Fun introduces revenue sharing for token creators as launchpad wars heat up

Notable PA

- LAUNCHCOIN up 464% to $92M as Believe ecosystem coins moon: many Web2 builders launching coins with working products and Nikita Bier involved

- Ben Pasternak +250% to 66M

- DEGEN +62% to 259M

- KAITO +11% to $1.90

Notable Sales

- CryptoPunk, Cowboy Hat - 80 ETH

- CryptoPunk, Top Hat - 70.49 ETH

- XCOPY, Empire Things - 24 ETH

Web 3 Round Up

- First federally chartered cryptobank Anchorage Digital moves into stablecoin business with acquisition of Mountain Protocol

- Animoca Brands plans US listing, CEO Yat Siu reveals

- Paradigm reveal Multiverse Finance: opportunity to use your bets in prediction markets as collateral

- Michael Saylor's Strategy buys another 13,390 BTC for $1.34 BILLION

- REDACTED announces token trading on May 13th and inclusion on Binance Alpha: Jirasan NFTs down 2% to 0.19 ETH

More News

- NYC Mayor proclaims New York City to be open for business for those in crypto industry: NYC inaugural crypto summit later this month

- Abstract Chain announces full EVM equivalence: teams with previosuly audited protocols can deploy without worrying about code changes

- Blast does not renew service agreement with multisig Safe: building their own multisig functionality into Blast Mobile

In partnership with @SeedifyFund - they have built a permissionless launchpad with priority access for SFUND stakers and creators with strong Kaito & Ethos scores to improve the SFUND flywheel

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