The Daily Modern Market Snapshot: Wed 5 Nov
Majors: BTC 101k; ETH 3.3k; SOL 156
Headlines
- Crypto tumbles again as BTC dips below $100K with $2B of liquidations across the market
- Strategy offers STRE, first ever Euro denominated perpetual preferred stock to European and global institutional investors
- Hyperliquid premarkets for Monad and MegaETH wick up violently, shorts get liquidated
Notable PA
- Momentum Finance launches settles at $1.2B FDV, went as high as $4B FDV
- ASTER +13% $1.03
- ZCASH - 8% to $438
- HYPE +8% to $40
- Open interest on JELLY JELLY was larger than its FDV as it short squeezed up
Notables Sales
- CryptoPunk, Cap Forward - 37 ETH
- CryptoPunk floor dips to 32 ETH
Web 3 Round Up
- Berachain restarts chain after $12M of exploited Balancer funds are returned safely
- Monad teases Mainnet launch date
- ZKsync announces utility plan for ZK token, shifting focus from only governance
- FTX founder SBF has appealed his 25 year prison sentence
- Gemini is preparing to launch a prediction market according to Bloomberg
- Nasdaq listed BTC mining company Canaan raises $72M from investors like Galaxy Digital to fund utility grade computing and energy infra projects
- Pudgy Penguins partners with Virtuals to help create Pudgy imaginations directly on X
- Pump Fun has added onramps with Revolut, Venmo, Google Pay and PayPal
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