Daily Market Brief

Aug 13, 2024

Daily Market Brief 240813

Peter-Headshot
Peter Chung
Min-Headshot
Min Jung
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  • It's been a pretty choppy session around the 60k area, with a few geopolitical news drawing attention and eyes on the US CPI set for Wednesday. $BTC is currently trading at $59,349, up 1.1%, and $ETH at $2,722, up 6.6%.

  • Donald Trump and Elon Musk are set to go live soon on X spaces. The market is currently pricing a 51% chance for Harris and 46% for Trump. Even before the space starts, numerous memecoins are being created on pump.fun.

  • Other headlines include the Canto chain being halted due to a consensus issue, Perplexity and Polymarket announcing a partnership, and the SEC sending letters to venture capital funds including A16Z and Union Square Ventures concerning Uniswap.

  • During the last 24 hours, the top three gainers were $SATS, $CRV, and $DYM, while the top three losers were $OM, $LEO, and $MMX.

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