Daily Market Brief

Aug 12, 2024

Daily Market Brief 240812

Peter-Headshot
Peter Chung
Min-Headshot
Min Jung
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  • After a rangebound market over the weekend, the market continues to slide during Sunday's US hours. $BTC is now trading at $58,713 down 3.6%, and $ETH is trading at $2,553 also down 2.2%.

  • Over the weekend, notable headlines included BitGo announcing the movement of WBTC custody, the SEC subpoenaing three crypto VCs, and Near launching Chain Signatures.

  • This week’s calendar includes the CPI release on Wednesday, token unlocks for $APT, $SAND, and $ARB, and the live proposal from Ethena to add SOL as backing for USDe. The market is still keeping an eye on the USD/JPY.

  • During the last 24 hours, the top three gainers were $T, $ULTIMA, and $GLM, while the top three losers were $MEW, $TURBO, $TIA.

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