Market Analysis Report

10 June 2024

MVIS-CryptoCompare Index

The MVIS CryptoCompare Digital Assets 10 Index closed at 2,167.43 yesterday at 5 pm (GMT) and has since dropped 0.12%.

See the live index here

Market Update

At the time of writing, the Bitcoin price is sitting at $3,877 representing a gain of 0.63% in the last 24 hours. More than $140M worth of BTC were exchanged in the BTC/USD market representing an 8% share of the global daily volume. The BTC/KRW pair represents an 8% share.

The Ethereum price has increased 0.76% over the past 24 hours and is currently sitting at $138, with over $60M worth of Ether exchanged in the past 24 hours on the ETH/USD pair which has a 4% market share of the daily trading volume.

See live charts here and here

Switzerland's Main Stock Exchange Launches Ethereum ETP Trading

Switzerland’s main stock exchange, the Zurich-based SIX, has reportedly launched trading of an Ethereum exchange-traded product, the Amun Ethereum ETP (AETH). According to the exchange’s website, the first trading day was on the 5th of March and the Swiss startup Amun AG will be the ETP supplier. On top of that, Flow Traders B.V., a liquidity provider that specializes in exchange-traded products, is set to provide AETH market making services.

Read more here

QuadrigaCX CEO Widow Demands a Reimbursement of $225,000

Jennifer Robertson, the widow of Gerald Cotten and actual CEO of Canada’s biggest crypto exchange QuadrigaCX, has requested for reimbursement of $225,000 in court fees. Robertson, who initially filed an affidavit with the Supreme Court of Nova Scotia to reveal the death of CEO Gerald Cotten and the loss of over $150 million in crypto and cash by QuadrigaCX, reportedly claimed she had spent $225,000 to secure QuadrigaCX protection from creditors. News that wasn't well received by the QuadrigaCX's creditors who are protesting against the reimbursement of $225,000 to Robertson. Gavin D. F. MacDonald, a partner at Cox & Palmer, a law firm representing the creditors of QuadrigaCX, said:

"We are concerned about the repayment by the applicants of C$300,000 to Ms. Robertson in the first week of March contemplated by the filed cash flow projection.The repayment contemplated by the cash flow is inappropriate until such time as the monitor has reviewed the requested information and satisfied itself as to the source of funds used to fund the CCAA proceeding."

Read more here

Huobi's Over-the-Counter (OTC) Trading Desk Adds XRP

Recently, Singapore-based digital asset exchange, Huobi, has announced that it is supporting XRP trading through its over-the-counter (OTC) exchange. In the press release published, Huobi Global's management stated that the XRP trading started at 10:00 March 6 (GMT+8). Commenting on the new listing, the CEO of Huobi Global, Livio Weng, stated:

"In addition to serving as Huobi Global’s main onramp, Huobi OTC is also our main platform for users who prefer peer-to-peer (P2P) trading. It’s thus very important to our overall trading ecosystem. The addition of Ripple (XRP) is a big step forward in expanding our already extensive offering here."

Read more here

State of the Crypto

Bitcoin is up 0.63% at $3,877.630 with a volume of Ƀ36.9k - $143.2M on the USD pairs.

Ether is up 0.08% against Bitcoin at Ƀ0.03553 per Ether and up 0.76% against the dollar to $138.61 with average volume Ƀ126.2k on the ETH/BTC pair.

Litecoin is up 5.22% against the dollar for the day at $56.06 and up 4.73% to Ƀ0.01438 on volumes of Ƀ98.9k.

EOS is up 1.23% to Ƀ0.0009687 on Ƀ54.7k volume.

Ripple is up 0.23% to Ƀ0.00008133 with volumes of Ƀ21.8k and up 0.86% against the dollar at $0.3169.

Zcash is down 0.54% for the day to Ƀ0.01289 per ZEC and up 0.08% against the dollar to $50.81 with an average volume of Ƀ13.0k for the 24 hour period.

Dash is up 0.9% at Ƀ0.02128 with Ƀ9.8k volume and up 1.52% against the dollar at $83.72.

Ether Classic is up 1.63% to Ƀ0.001122 with volumes of Ƀ8.4k and up 2.31% against the dollar at $4.43.

Bitcoin Cash is down 0.24% to Ƀ0.03394 with volumes of Ƀ7.1k and up 0.31% against the dollar at $131.51.

Tron is down 1.81% to Ƀ0.00000596 on Ƀ6.1k volume.

Neo is up 0.4% for the day to Ƀ0.002258 per NEO and up 1.82% against the dollar to $8.95 with an average volume of Ƀ5.0k for the 24 hour period.

Waves is down 3.61% to Ƀ0.0006568 on Ƀ2.2k volume.

Stellar is down 0% to Ƀ0.00002189 on Ƀ1.9k volume.

Cardano is up 0.27% to Ƀ0.000011 on Ƀ1.2k volume.

Monero is up 2.1% against the dollar at $50.95 and up 1.49% against Bitcoin at Ƀ0.01292 on volumes of Ƀ1.2k.

Iota is down 0.74% to Ƀ0.00007066 on Ƀ479.608 volume.

Stratis is down 0.18% to Ƀ0.000218 on Ƀ281.445 volume.

NEM is up 0.18% to Ƀ0.00001084 on Ƀ258.409 volume.
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