Daily Market Brief

Aug 19, 2024

Daily Market Brief 240819

Peter-Headshot
Peter Chung
Min-Headshot
Min Jung
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  • Market chopped around the $60k area during the weekend without significant headlines. However, as we headed into the Asia hours, the market slid a bit. $BTC is now trading at $58,446, and $ETH is now trading at $2,612.

  • Project headlines include $RARE rising 4x since being listed on Binance perps, Justin Sun betting on memecoins with a Tron-based token generator called sunpump, and Circle announcing plans to introduce a "tap-and-go" payment system for USDC–Circle-issued stablecoin on iPhones.

  • This week’s calendar includes the FOMC statement release on Thursday, the Democratic National Convention happening until Thursday, and the Jackson Hole meeting.

  • During the last 24 hours, the top three gainers were $PENDLE, $TON, and $MPLX, while the top three losers were $OM, $POPCAT, and $G.

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