Daily Market Brief

Sep 5, 2024

Daily Market Brief 240905

Peter-Headshot
Peter Chung
Min-Headshot
Min Jung
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  • $BTC retraced the early sell-off during the US hours and remained at the same level as yesterday. As of now, $BTC is trading at $57,973 and $ETH at $2,450.

  • The CFTC has issued an order against Uniswap Labs for facilitating illegal digital asset derivatives trading. Uniswap Labs is required to pay a $175,000 civil monetary penalty and must cease any violations of the Commodity Exchange Act (CEA), as charged.

  • Other news includes $NEAR changing its X profile to “it’s all a lie” and Coinbase’s CFO announcing that Kamala Harris is using the firm to accept crypto donations.

  • During the last 24 hours, the top three gainers were $1INCH, $AAVE, and $GMT, while the top three losers were $TON, $NOT, and $SUN.

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