The Daily Modern Market Snapshot: Thu 7 Aug
Majors: BTC 115k; ETH 3.7k; SOL 169
Headlines
- Markets bounce back amidst global tension as BRICS consider joint response to Trump tariffs
- Tom Lee says ETH can flip BTC and that zero downtime is what Wall Street cares about
- Ventuals goes live on Hyperliquid testnet to trade tokenised private market stocks
Notable PA
- REKT runs to ATH at $540M up 8% on the day
- PENGU +7% to $2.9B
- USELESS bounces 13%, TROLL pulls back 8% to $160M after insane run to $200M yesterday
Notable Sales
- Tyler Hobbs, Fidenza - 42 ETH
- Tyler Hobbs, Fidenza - 41 ETH
- Tyler Hobbs, Fidenza - 40.95 ETH
Web 3 Round Up
- China reportedly testing out stablecoins on fear of capital outflows, reports FT
- Bakkt plan to buy 30% stake in Japan's Marusho Hotta, rename to 'bitcoin . jp' and pursue BTC treasury strategy
- Parataxis Holdings said it is merging with SilverBox Corp IV SPAC to gather $640 million for a NYSE-traded Bitcoin treasury company
- Nasdaq-listed Cosmos Health enters $300 million facility for Ethereum treasury strategy
- Tornado Cash developer Roman Storm found guilty of unlicensed money transmitting conspiracy, but not of conspiracy to commit money laundering or violate international sanctions
- Nomura backed Laser Digital receives permission to roll out crypto derivatives in Dubai
- BOB raises another $9.5M in additional strategic rounds to have a total of $21M raised to build the gateway to BTC DeFi
- Michigan Retirement System Pension Fund has almost tripled its stake in ARK's BTC ETF
More News
- Pudgy Penguins announce collaboration with Ava Studio to allow holders to create viral AI content of their Penguin with the Ava studio
- SUP Foundation announces $20M total raised with Series B Funding to bring Super Gaming's 200M lifetime players on chain this fall
- Art Blocks announces the coming conclusion of the ArtBlocks 500: the first 500 pieces in the first chapter of Art Blocks generative art history
- Magic Eden distributes 10M $ME airdrop as part of season 2 rewards yesterday
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