Daily Market Brief

Jul 1, 2024

Daily Market Brief 240701

Peter Chung
Min Jung
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  • During the weekend, the market saw a small rally with $BTC up 2.9%, trading at $62,754, and $ETH up 1.8%, trading at $3,437. On the ETF front, we are seeing small net inflows, with $73M recorded last Friday.

  • This week’s calendar includes the US unemployment rate on Friday, Fedspeak including Powell, and potential $ETH ETF news on Tuesday.

  • A few major headlines over the weekend include the growing USDT imbalance on Curve’s 3pool and the SEC suing Consensys over Metamask staking services and alleging that Lido and Rocketpool staking programs are securities.

  • During the last 24 hours, the top three gainers were $ZRO, $ENS, and $TURBO, while the top three losers were $WEMIX, $MX, and $TRUMP.

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Peter ChungHead of Research
Min JungResearch Analyst