Daily Market BriefAug 20, 2024

Daily Market Brief 240820

  • Market recovered from the early sell-off during US hours, with $BTC nearing the 60k area again. As of now, $BTC is trading at $59,470 and $ETH is trading at $2,637.

  • Two notable headlines include speculation that SEC Chair Gary Gensler might be considered for Treasury Secretary if Kamala Harris wins the presidential election, and Solana ETF 19b-4 applications were withdrawn last week after the SEC expressed concerns to the issuers about SOL being a security.

  • On the project side, Tether announced plans to launch $USDT on Aptos, $SYS was listed on Binance futures, and Drift Protocol introduced a new prediction market called BET.

  • During the last 24 hours, the top three gainers were $FET, $W, and $SUI, while the top three losers were $NOT, $FTN, and $MPLX.

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