Daily Market Brief

Jun 7, 2024

Daily Market Brief 240607

Peter Chung
Min Jung
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  • Another muted day ahead of the NFP release. $BTC traded within the 70-72k range and is now at $70,791, while $ETH is at $3,812.

  • Robinhood announced that the company will purchase Bitstamp, a crypto exchange, for $200 million. Robinhood Founder Vlad Tenev stated that this acquisition underscores the company’s effort to expand into the crypto market and the ex-US region.

  • A few notable headlines include IO Net listing through Binance Launchpool, Bybit allowing Chinese users, and Wormhole announcing “Stake for Governance.”

  • During the last 24 hours, the top three performers were $BRETT, $LPT, and $W, while the top three losers were $DOG, $TRUMP, and $PRIME.

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Peter ChungHead of Research
Min JungResearch Analyst