Crypto market continues to slide, and $ETH briefly dipped below $3K. As of now, $BTC is trading at $92,195 and $ETH is trading at $3,030. Bitcoin dominance stands at 59.43%.
Monad’s public token sale on Coinbase started strong but quickly lost momentum, reaching only 45% subscription in the first six hours with over $100M still unsold. The softer demand contrasts sharply with recent oversubscribed launches, as investors cite concerns over valuation and heavy VC allocations, even as $MON now trades at roughly a $4B pre-market valuation.
A few other headlines include: Strategy has acquired 8,178 BTC for ~$835.6 million at ~$102,171 per bitcoin, Aave is launching an Apple Store app offering high-yield crypto returns, and the White House is moving closer to allowing the IRS to surveil international crypto transactions.
During the last 24 hours, the top three gainers were $ICP, $XPL, and $HASH, while the top three losers were $SOON, $PUMP, and $DCR.
