Key insights

• 📉 Global crypto market cap is down 14% in Q2, but average hourly traded volume is up by more than 3x
• 😨 Fear and greed index has been trading towards fear since Q1, currently at 57 in neutral territory
• 💱 Bitcoin's dominance at 53% indicates no altcoin season, liquidity down 18% in the last month
• 💼 Inflows from spot Bitcoin ETFs and institutional investors driving market activity
• 🛒 Retail market activity is slow, indicated by metrics like Google search trends and YouTube subscribers
• 💹 Crypto sector statistics: 11% positive growth, stable coin profits, 5 sectors with most new token listings
• 📊 Market sentiment: meme coins surpassing other categories, Salana ecosystem popularity, decline in AI popularity
• 📈 Ethereum's dominance at 62% with ETF approval and low gas fees, Expansion of market shares by Salana and BNB
• 💵 Stablecoins USDT and USDC dominating the market
• 🔄 Increased volume for stablecoins like USDC in non-US markets, Market cap of newcomer stablecoin USDE has surged
• 💼 Spot ethereum ETFs gaining traction with Black Rock leading in assets under management, NFT trading activity on Bitcoin and Solana chains
• 📜 Regulatory clarity in the US, UK, Brazil, EU, Asia, and Bitcoin and Ethereum ETFs approvals
• 📈 Bullish outlook for the crypto market, UK government potential crypto regulations, Opportunity to find undervalued gems

Q&A

• What can be expected for the crypto market's future and how can investors gain a competitive edge?

  The crypto market is expected to see bullish moves with potential retail interest increase. The report suggests that the UK government may develop crypto regulations to create a more mature market, presenting an opportunity to find undervalued gems. It emphasizes that staying informed and educated provides a competitive edge for investors.

• What does the report discuss about global regulations on cryptocurrencies and their impact?

  The report discusses global regulations on cryptocurrencies, including regulatory clarity in the US, UK's FCA authorization for digital currency companies, regulations in Brazil, EU, Japan, South Korea, China, and India, approval of spot Bitcoin ETFs and their global holdings, institutions holding Bitcoin ETFs, Coinbase's role, impact of Ethereum ETFs on the market, and supply.

• What developments are observed in the cryptocurrency market with regard to stablecoins, ETFs, NFTs, and political landscape?

  The cryptocurrency market is witnessing an increase in volume for stablecoins like USDC in non-US markets, surge in the market cap of newcomer stablecoin USDE, spot Ethereum ETFs gaining traction with Black Rock leading in assets under management, NFT trading activity on Bitcoin and Solana chains, outperformance of Solana-based meme coins over Ethereum-based ones, and a shift in the political landscape towards favoring crypto, with bipartisanship, presidential support, and notable actions from politicians benefiting or working against crypto.

• How is Ethereum performing in the market and what are the key factors driving its dominance?

  Ethereum's dominance is at 62%, driven by ETF approval and low gas fees. The report highlights the expanded market shares of Salana and BNB, Ethereum generating more revenue than all other chains combined, growth of Layer 2 solutions like Arbitrum and Bas, and the dominance of stablecoins USDT and USDC in the market.

• What information does the Coin Bureau deals page present?

  The Coin Bureau deals page offers trading discounts and bonuses. It presents statistics on crypto sector growth, stable coin profits, market sentiment, meme coin popularity, and smart contract layer ones, including positive growth in the crypto sector, stable coin profits, new token listings in sectors, market sentiment favoring meme coins, popularity of the Salana ecosystem, decline in AI popularity, shift in traffic towards meme coins, popular cryptocurrencies per continent, and smart contract layer ones with a combined market cap under $700.

• What are the major trends in the cryptocurrency market for the first half of 2024?

  The major trends in the cryptocurrency market for the first half of 2024 include a decrease in global crypto market cap, an increase in average hourly traded volume, fluctuating fear and greed index, the absence of altcoin season indicated by Bitcoin's dominance, and a slowdown in market activity since March. Additionally, the report discusses the impact of institutional investors, retail market activity, and the slow uptake in retail market activity.

• 00:00 The report covers the first 6 months of 2024, highlighting market trends including a decrease in global crypto market cap, an increase in average hourly traded volume, and fluctuating fear and greed index. It questions whether history is repeating itself, suggests that we are in the middle of a bull market driven by institutional investors, and indicates a slow uptake in retail market activity.
• 04:04 The Coin Bureau deals page offers trading discounts and bonuses. The report presents stats on crypto sector growth, stable coin profits, market sentiment, meme coin popularity, and smart contract layer ones.
• 08:51 Ethereum's dominance is at 62%, driven by ETF approval and low gas fees. Salana and BNB have expanded market shares. Ethereum generates more revenue than all other chains combined. Layer 2s like Arbitrum and Bas are growing. Stablecoins dominate the market with USDT and USDC leading the pack.
• 13:08 The cryptocurrency market is witnessing an increase in volume for stablecoins and tokenized funds. Ethereum ETFs are gaining traction, with Black Rock leading in assets under management. NFT trading has seen activity on Bitcoin and Solana chains. Solana-based meme coins have outperformed Ethereum-based ones, possibly due to recent launches. The political landscape has become more favorable towards crypto, with both bipartisan and presidential support, as well as actions from politicians that benefit or work against crypto.
• 17:46 The report discusses global regulations on cryptocurrencies, including US, UK, Brazil, EU, Asia, and Bitcoin and Ethereum ETFs. It also explores the impact of Coinbase and Ethereum ETFs on the market.
• 22:47 The crypto market is expected to see bullish moves with the potential for retail interest to increase. The UK government may develop crypto regulations, creating a more mature market. This presents an opportunity to find undervalued gems. Staying informed and educated provides a competitive edge for investors.