Daily Market Brief

Jul 31, 2024

Daily Market Brief 240731

Peter-Headshot
Peter Chung
Min-Headshot
Min Jung
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  • $BTC traded rangebound as the market waits for the FOMC statement tomorrow. As of now, $BTC is trading at $66,184 and $ETH is trading at $3,278.

  • On the ETF front, the spot ETH ETF continues to see outflows. However, the outflow of $ETHE continues to decrease and recorded a $120.3M outflow on Tuesday.

  • A few headlines include the SEC amending the statement that tokens like SOL are securities, $ZKX protocol shutting down, and Circle said to be trading around a $5B valuation ahead of a planned IPO.

  • During the last 24 hours, the top three gainers were $BOME, $COMP, and $AIOZ, while the top three losers were $WEMIX, $ENA and $PENDLE.

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