Daily Market Brief

May 28, 2024

Daily Market Brief 240528

Peter Chung
Rick Maeda
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  • Markets were broadly up on Monday, with $BTC showing sudden strength in NY's morning session, up almost 3.50% to over $70.5k.

  • Despite London and NY both being on public holidays, volumes were solid compared to the weekend's, with perpetual futures +42%, term futures +347%, and options +83% on the day.

  • In local-stablecoin starved Japan, banking giant Nomura Holdings, Nomura’s digital asset arm Laser Digital, and GMO Internet Group announced a partnership to explore the issuance of JPY and USD stablecoins in Japan. The trio also announced a "stablecoin-as-a-service" product, which aims to help companies issue stablecoins.

  • During the last 24 hours, the top three gainers were $NOT, $TURBO, and $MOG, while the top three losers were $LPT, $CORGIAI, and $LDO.

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Peter ChungHead of Research
Rick MaedaResearch Analyst