Daily Market Brief

Jul 17, 2024

Daily Market Brief 240717

Peter-Headshot
Peter Chung
Min-Headshot
Min Jung
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  • The market continues to rally even with the Mt. Gox headline, with $BTC now at $65,049 and $ETH now at $3,442. The $BTC ETF saw $300.9M net inflows on Monday, marking the seventh consecutive positive day, with early indicators showing the trend will continue with positive numbers for Tuesday.

  • Trump has picked Ohio senator JD Vance as his 2024 running mate. JD Vance is a crypto-friendly figure who voted for the SAB21 repeal and also held $250k worth of $BTC in 2022.

  • A few headlines include Kraken successfully receiving funds from the Mt. Gox Trustee, set to distribute within 7-14 days, Richard Kim, a former general partner at Galaxy, gambling away investor funds, and Li.Fi protocol being exploited.

  • During the last 24 hours, the top three gainers were $WLD, $LUNC, and $CORE, while the top three losers were $TRUMP, $WEMIX, and $NOT.

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Peter-Headshot
Peter ChungHead of Research
Min-Headshot
Min JungResearch Analyst