Daily Market Brief

Jul 24, 2024

Daily Market Brief 240724

Peter-Headshot
Peter Chung
RM
Rick Maeda
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  • Ethereum spot ETFs started trading today, and the 9 newly launched products did an impressive $1.083b in volume on its first day, 23% of Bitcoin spot ETFs’ collective day 1 volumes. As of writing, $ETH is up 1.50% while $BTC is down 2.40%.

  • With a busy earnings week in traditional markets, stocks were down on the day: Alphabet failed to see strength despite a revenue beat, Tesla fell on an earnings miss, and UPS saw its biggest ever drop on disappointing numbers.

  • The first batch of Mt Gox creditors, limited to Kraken users, reportedly received their $BTC today, ending a decade-long struggle for many.

  • During the last 24 hours, the top three gainers were $ENS, $ANT, and $PEPE, while the top three losers were $TIA, $CORE, and $GAL.

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Peter-Headshot
Peter ChungHead of Research
RM
Rick MaedaResearch Analyst