The Daily Modern Market Snapshot: Thu 12 June

Majors: BTC 107k; ETH 2.7k; SOL 159

Headlines

- Stripe acquires digital wallet Privy: Privy will continue as an independent product

- Tether backed L1 Plasma doubles its deposit cap to $1B: fills up in minutes

- US personnel being moved out of the Middle East against fear of escalating tensions with Iran: oil ticks higher, main markets down but not drastically

Notable PA

- SPX Murad's coin +11% to $1.70

- REKT +10% to $145M

Notable Sales

- CryptoPunk, Red Hair - 55.5 ETH

- XCOPY, Grifter - 20 ETH

Web 3 Round Up

- ETH ETF inflows hit $240M yesterday: highest of two week streak, higher than BT's $164M Inflows

- One Balance announces $20M raise to help non crypto native software engineers to build applications that use crypto

- Gamestop announces intention to raise $1.75B via convertible notes to buy BTC: GME stock price goes down 5%

- Polygon Founder takes full control of Polygon Foundation

- Moody's explores bringing credit ratings to Solana

- USDHl stablecoin goes live on Hyperliquid with $1M cap via Felix and shares interest with holders

More News

- Pudgy Penguins announces partnership with Nascar

- Sonic announces season 2 airdrop will drop on June 18

- Christie's reveal Leo Messie and Refik Anadol collaboration for online sale 8-22 July

Social Crypto

- Infinex drops 100M uPatrons to sKAITO holders today: claim is live for eligible holders via Infinex account

- Mira Network announces 0.5% of upcoming token supply for top yappers and Kaito ecosystem as leaderboard goes live

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