The Daily Modern Market Snapshot: Tue 22 July
Majors: BTC 117k; ETH 3.6k; SOL 198
Headlines
- BTC dominance continues to decline hitting $60%: ETH ETF inflows continue; BTC ETF has $131M outflow
- Solana outperforms other majors again: hits $200 before slight retrace
- Trump Media announces $2B BTC buy: DJT stock up 3%
Notable PA
- PUMP down 15% to $3.6B now below raise valuation
- HYPE down 7% to $43
- CryptoPunk floor settles at 47 ETH, $172,000
Notable Sales
- Autoglyph - 81.5 ETH
- CryptoPunk, Big Beard - 56 ETH
- Tyler Hobbs, Fidenza - 35.9 ETH
Web 3 Round Up
- Strategy announces another stock offering called Stretch: STRC shares will accumulate dividends at a variable rate per year, beginning at 9% PA
- Strategy buys another 6,220 BTC for $739M
- JP Morgan considering offering loans secured by customers' crypto holdings according to FT
- Gamesquare increases its crypto treasury program to $250M with an NFT Yield Strategy accounted for by $10M allocation
- Electric car maker Volcon announces $500M private placement to start BTC treasury strategy
- Mercurity Fintech announces $200M SOL treasury plans with backing from Solana Ventures
More News
- Polymarket announces acquisition of QCEX, a CFTC regulated exchange and clearinghouse for $112M: paves the way to welcome American traders again
- StablecoinX announces $360M in committed PIPE financing a stablecoin focused Ethena treasury
Social Crypto
- Kaito announces reputation threshold to filter out bots and low effort posts
- Kaito offers first initial community offering: Espresso $4M raise at $400M USD FDV; 0% at TGE, 12 month cliff
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