📈Daily Market Review📉

🔸Daily Macro:
🔹BTC Mkt:
BTC surged past $62K with a 10% gain, sparking a broader crypto market rebound. ETH and SOL also increased by more than 10%

🔹BTC ETF:
Prelim reports on Aug 9 showed a net inflow of $34.96M

🔹ETH ETF:
Prelim reports on Aug 9 showed a net outflow of $14.61M

🔹Macro Data:
U.S. initial unemployment claims dropped by 17K to 233K, the biggest decline in nearly 11 months, easing concerns about an economic recession and affecting Fed policy expectations

🔸Daily Focus:
🔹SUI & TAO:
Grayscale launched two new investment trusts: Bittensor(TAO) and Sui Positive news and market rebound led to a 35% rise in SUI and a 20% increase in TAO

🔹Market Outlook:
Grayscale’s new trusts could boost interest in Bittensor and Sui, both seen as leaders in decentralized AI and smart contract blockchains

🔸Next Focus:
🔹Genesis:
Genesis Global completed bankruptcy restructuring, distributing ~$4B in digital assets to creditors, with an average recovery of 64%

Full review:👉HERE👈