The Daily Modern Market Snapshot: Wed 11 June

Majors: BTC 109k; ETH 2.7k; SOL 166

Headlines

- HYPE surges another 5% to $42; meanwhile memes run hot

- Solana ETFs could be approved in 4 months as SEC requests issuers to update S1 filings

- Infinex announce that BTC, Dogecoin and XRP are now tradeable onchain via Near Intents

Notable PA

- FARTCOIN +9% to $1.34

- SPX +15% to $1.57

- LAUNCHCOIN +26% to $0.26

Notable Sales

- CryptoPunk, 44 ETH

- Pudgy Penguin, Pudgy Man - 13.29 ETH

- Jack Butcher, Opepen, Set 73 Ed 1 - 8.89 ETH

Web 3 Round Up

- Crypto exchange Bullish backed by Peter Thiel files for US IPO

- Societe General will issue a stablecoin on ETH and Solana with BNY acting as asset custodian

- Open Trade announces additional $7M funding to take stablecoin yield mainstream

- Connecticut passes legislation barring the state and local governments from investing in crypto

More News

- KLED team accused of announcing $500k of buybacks after which founding team sold $800k of tokens

- RISE announces a further $4M raise from Galaxy: earlier support from Vitalik amongst others to build ultra fast L2

- Pudgy Penguins announce they have acquired the PENGU ticker on Hyperliquid

LIKE, COMMENT & RT if you found this helpful