Daily Market Brief

Jul 23, 2024

Daily Market Brief 240723

Peter-Headshot
Peter Chung
Min-Headshot
Min Jung
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  • The market remains rangebound with $BTC trading at $67,553 and $ETH trading at $3,440. On the ETF front, since July 5th, there have been positive daily inflows, including more than two days with 400M+ inflows last week.

  • The SEC has approved spot Ethereum ETF trading starting tonight. News report that the U.S. Securities and Exchange Commission has allowed registration forms from BlackRock, Fidelity, 21Shares, Bitwise Franklin Templeton, VanEck, and Invesco Galaxy to go effective as of Monday.

  • A few headlines include KelpDAO’s official website being hacked, crypto influencer Irene Zhao launching a memecoin with Jupiter, and Superstate introducing the Superstate Crypto Carry Fund.

  • During the last 24 hours, the top three gainers were $AIOZ, $AEVO, and $HNT, while the top three losers were $POPCAT, $MOG, and $AERO.

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Peter-Headshot
Peter ChungHead of Research
Min-Headshot
Min JungResearch Analyst