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 LIKE, COMMENT & RT if you found this helpful
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