Key insights

• 💼 2024 Q2 was challenging for the crypto market with a decline in total market cap and trading volumes
• 📉 BTC maintained over 50% dominance while most altcoins continued to decline
• 💰 Stable coin market cap grew despite the overall decline
• 📉 Bitcoin's weak performance in Q2, decline in price, mining hash rate, and underperformance against traditional asset classes
• 📊 Blackrock's AUM had net inflows but total assets decreased by 7%
• 📈 Layer 2 transactions are increasing
• 🎨 NFT trading volumes have fallen, with Ethereum and Solana leading the market
• 💎 Opportunity to research undervalued gems during this period

Q&A

• How did the political spotlight affect the crypto industry in 2024 Q2?

  The political spotlight on crypto could attract new users and lead to a more mature industry. This period offers an opportunity to research undervalued gems. Altcoin gems and insights are available in the Coin Bureau Club, and the future of the crypto market looks promising.

• What were the trends in DeFi, NFT, and Dex trading volumes in 2024 Q2?

  In 2024 Q2, there was a decline in DeFi market cap despite an Ethereum ETF rally, Ethereum dominating DeFi market share, Solana gaining traction, TON coin's growth and potential, mixed performance in key DeFi segments, significant gains in Athena's TVL, rough trading volumes for NFTs across top 10 blockchains, a significant decline in NFT trading volumes with Ethereum and Solana leading, a decline in NFT lending and centralized exchange activity, and a decrease in Dex trading volumes attributed to a lack of retail investors.

• How did specific assets and projects perform in 2024 Q2?

  Blackrock's AUM had net inflows but total assets decreased by 7%, Ethereum's price declined despite ETF approval, layer 2 transactions are increasing, and Salana experienced a loss in price despite growth in celebrity tokens and increased activity.

• What were the notable cryptocurrency movements and trends in 2024 Q2?

  In 2024 Q2, notable cryptocurrency movements included growth and decline of various currencies, popular categories such as meme coins, real-world assets, and AI cryptos, price declines in new projects with low float and high fully diluted valuation, Bitcoin's weak performance, decline in price and mining hash rate, underperformance against traditional asset classes, decline in daily transactions for Runes protocol, and the rise of layer 2 transactions.

• What were the key highlights for the crypto market in 2024 Q2?

  The key highlights for the crypto market in 2024 Q2 include a significant decline in total market cap and trading volumes, BTC maintaining over 50% dominance, most altcoins continuing to decline, general price performance decrease with exceptions like not coin, and stable coin market cap growth despite the overall decline.

• 00:00 2024 Q2 was a challenging period for the crypto market with a significant decline in total market cap and trading volumes. BTC maintained over 50% dominance while most altcoins continued to decline. Price performance analysis showed a general decrease, with some exceptions such as not coin. Stable coin market cap grew despite the overall decline.
• 03:38 Cryptocurrency movements, popular categories, new projects, bitcoin's performance, and the launch of runes protocol are highlighted in the report. Bitcoin experienced declines in price, mining hash rate, and underperformed against traditional assets. Runes protocol saw a decline in daily transactions since its launch.
• 07:08 Blackrock's AUM saw net inflows but total assets under management decreased. Ethereum's price declined despite ETF approval. Layer 2 transactions on the rise. Salana experienced a loss in price despite growth in celebrity tokens and increased activity.
• 10:49 The report discusses the rise of meme coins, the performance of Solana and other chains in DeFi, the growth of TON coin, mixed performance in DeFi segments, and the trends in NFT trading volumes.
• 14:23 The NFT market has experienced a significant decline in trading volumes, with Ethereum and Solana leading the pack. NFT lending and centralized exchanges have also seen a downturn, while decentralized exchanges have experienced positive growth.
• 18:05 The report analyzes Dex trading volumes, showing a decrease in activity mainly due to a lack of retail investors. However, the potential political spotlight on crypto could attract new users and lead to a more mature industry. This period offers an opportunity to research undervalued gems. Altcoin gems and insights can be found in the Coin Bureau Club for those looking to start. The future of the crypto market looks promising.