Daily Market Brief

Jul 10, 2024

Daily Market Brief 240710

RM
Rick Maeda
Min-Headshot
Min Jung
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  • Despite the continuous headlines over the German government’s $BTC transfer and Powell’s commentary, the market remained silent with $BTC currently trading at $58,309 and $ETH at $3,065. On the ETF front, we saw a huge inflow of $294.8M on Monday.

  • Yesterday, Powell made a few comments on the US economy that could hint at the timing of a potential rate cut. To see more details, see here.

  • A few headlines include Polychain suing ex-general partner Niraj Pant for breaking the fund’s policy, $XAI updating its unlock schedule, and 21Shares and VanEck filing 19b-4's for a spot Solana ETF.

  • During the last 24 hours, the top three gainers were $POPCAT, $TIA, and $SEI, while the top three losers were $TURBO, $AXL, and $ELF.

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RM
Rick MaedaResearch Analyst
Min-Headshot
Min JungResearch Analyst