Crypto Daily Report – June 11

• A rare CryptoPunk NFT called “Covid Alien” was sold at Sotheby’s on Thursday for $11.8 million. Created by Larva Labs, CryptoPunks were among the first NFTs available on the Ethereum blockchain and consist of 10,000 unique, pixelated characters.
• Ledger, a manufacturer of hardware wallets for crypto, completed a $380 million Series C financing led by 10T Holdings on Thursday, implying a $1.5 billion valuation for the company. This new raise comes nearly 12 months after the company experienced a significant data breach, signifying restored confidence from investors.
• To no one’s surprise, the IMF raised concerns on Thursday about El Salvador’s move to adopt bitcoin as legal tender. According to IMF spokesperson Gerry Rice, “Adoption of bitcoin as legal tender raises a number of macroeconomic, financial and legal issues that require very careful analysis so we are following developments closely and will continue our consultation with authorities.”