Daily Market Brief

Jul 2, 2024

Daily Market Brief 240702

PC
Peter Chung
MJ
Min Jung
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  • The market saw a small rally during Asian hours, with $BTC once reaching $63.5k, up 3%. $BTC is now at $62,890, and $ETH is at $3,442.

  • Circle announced that USDC and EURC are now available under the new EU Stablecoin Law. As Europe’s MiCA crypto framework comes into play, USDC issuer Circle has secured the EU’s first stablecoin license.

  • Other headlines include Sony preparing to launch a crypto exchange after acquiring Amber in Japan, $PTC being listed on Bybit, and “Roaring Kitty” being sued in New York for securities fraud.

  • During the last 24 hours, the top three gainers were $BONK, $ASTR, and $ZRO, while the top three losers were $ARKM, $POPCAT, and $FET

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PC
Peter ChungHead of Research
MJ
Min JungResearch Analyst