Daily Market Brief

May 31, 2024

Daily Market Brief 240531

Rick Maeda
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  • Markets were relatively calm today with $BTC staying in its week-long $67.5k~$69.5k range.

  • Political memecoins - “PolitiFi” - whipsawed as a Manhattan jury found Trump guilty of 34 felony counts of falsifying business records, making him the first ex-President to become a convicted felon.

  • Some market participants are now expecting a June launch for the spot ETH ETFs after BlackRock became the second firm to file an updated Form S-1 with the SEC; VanEck was the first firm to do so, completing it the day the ETFs were approved.

  • During the last 24 hours, the top three gainers were $DOG, $JASMY, and $ORDI, while the top three losers were $TURBO, $POPCAT, and $WIF.

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Rick MaedaResearch Analyst