Daily Market Update: June 25, 2024

June 25, 2024

BTC is currently trading around $61,600 and ETH around $3,400. Notable gainers in the last 24 hours are BRETTPEPE, and WIF. The global crypto market cap is $2.40T, up 1.5% over the last day.  DeFi Total Value Locked is ~$96b and BTC dominance is around 55%.

Notable news includes: the ECB released its first CBDC progress report; the ECB expanded its distributed ledger technology test to include 48 financial institutions; the German government moved an additional $24m of seized BTC to exchanges; Bitcoin payments app Strike launched in the UK; the Biden administration rehired Carole House, who has criticized the US’s crypto policy delays, as a crypto policy advisor; WikiLeaks founder Julian Assange was freed from prison after reaching a plea deal with US authorities; Donald Trump is in discussions to speak at the Bitcoin 2024 conference; VanEck filed Form 8-A for its proposed spot Ethereum ETF in a positive sign for a potential near-term approval and launch; The Fear & Greed Index fell to Fear and hit its lowest score in 18 months; ZKsync developer Matter Labs released the ZKsync 3.0 roadmap that includes a new Elastic Chain aimed at improving interoperability; Ethereum L2 Blast introduced its foundation to aid protocol governance; Fetch.ai, SingularityNET, and Ocean Protocol announced updates to their Artificial Superintelligence Alliance token merger, which will start on July 1; The Solana Foundation unveiled tools to enable crypto transactions within any website or app; and, singer Jason Derulo sold his JASON celebrity memecoins despite saying he wouldn’t.

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Brian Rudick, Senior Strategist | TwitterTelegramLinkedIn

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