Daily market Brief

Apr 26, 2024

Daily Market Brief 240426

Peter Chung
Min Jung
PDF Download
  • $BTC rallied during the US hours and recovered all the losses from the European hours, now trading at $64,497. 4/24 $IBIT flow reported yesterday was $0, ending a 71-day positive flow streak.

  • The most notable headline yesterday was ConsenSys filing a preemptive suit against the SEC, revealing that it received a Wells Notice over MetaMask swap and staking, while the denial of the Ethereum spot ETF from the SEC is highly likely.

  • Recent project updates include Movement Labs raising $38M in a Series A funding round, the opening of the BounceBit Megadrop, and Renzo changing its tokenomics following an incident.

  • The biggest gainers yesterday were $PEPE, $NEAR, and $WIF, while the biggest losers were $IMX, $HBAR, and $KAS.

Back to list
Peter ChungHead of Research
Min JungResearch Analyst