Daily Market Brief

Sep 27, 2024

Daily Market Brief 240927

RM
Rick Maeda
Min-Headshot
Min Jung
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  • With the positive US jobs data, $BTC hit the 65k mark. Currently, $BTC is trading at $65,175, and $ETH at $2,632.

  • During his interview on CNBC, Gary Gensler reaffirmed that Bitcoin is not considered a security, but stressed the need for robust investor protection. See the full interview here.

  • A few project updates include Robinhood and Revolut exploring the creation of their own stablecoins, Ethena planning to launch a new stablecoin backed by BlackRock's tokenized BUIDL fund, and Singapore's court granting WazirX a four-month conditional moratorium.

  • Over the last 24 hours, the top three gainers were $DOG, $SHIB, and $AXL, while the top three losers were $PEPE, $MX, and $TAO.

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RM
Rick MaedaResearch Analyst
Min-Headshot
Min JungResearch Analyst