Daily Market Brief

Jun 28, 2024

Daily Market Brief 240628

Peter Chung
Min Jung
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  • The market continues to trade in a range-bound pattern, with $BTC trading at $61,685 and $ETH at $3,450. We are seeing small inflows on the $BTC ETF front.

  • Yesterday’s major headline was VanEck filing for the first Solana ETF in the US. Following the news, $SOL is up 9%, with most of the Solana-related cryptos outperforming.

  • In fundraising news, Vitalik Buterin is backing the new blockchain ‘MegaETH,’ Bitcoin startup Rebar raised $2.9M to build MEV products, and Ora raised $20M from Polychain.

  • During the last 24 hours, the top three gainers were $MOG, $POPCAT, and $SATS, while the top three losers were $FET, $OCEAN, and $AGIX.

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Peter ChungHead of Research
Min JungResearch Analyst