Le Lézard
Classified in: Science and technology, Business
Subjects: SVY, ECO

KuCoin Research Report Highlights Crypto Market Surge in May with AUM for BTC ETF Rebounded to $60 Bn Mark

VICTORIA, Seychelles , June 13, 2024 /CNW/ -- According to the latest monthly report by KuCoin Research, the crypto market experienced a significant uptick in activity and positive developments throughout May 2024. A major highlight was the unexpected regulatory approval of a Spot Ethereum ETF, which has significantly bolstered market confidence. The total assets under management (AUM) for Bitcoin spot ETFs rebounded to the $60 billion mark, reflecting renewed investor interest. Meanwhile,the stablecoin sector is showing mixed performance, with USDC and FDUSD seeing declines, while USDe achieving a new issuance peak.

Distinct trends were observed in public chains and Layer2 solutions, with platforms such as Base and Linea continuing to attract net inflows, standing out in a market shifting away from once-dominant narratives of high-performance public chains and low-cost on-chain fees. Despite a slight decrease in the number of disclosed crypto investment projects and funding amounts month-over-month, the year-over-year growth suggests sustained capital interest and developmental potential in the industry.

The KuCoin Monthly Research Report provides valuable insights and data analysis that helps industry participants make informed decisions and stay updated on the latest advancements. This commitment to knowledge dissemination reflects KuCoin's dedication to supporting the growth and maturation of the cryptocurrency ecosystem.

Read the full report here.

About KuCoin Research

KuCoin Research is a leading provider of research and analysis in the cryptocurrency industry. With a team of experienced analysts and researchers, KuCoin Research aims to deliver high-quality insights and reports to empower investors and industry professionals.



These press releases may also interest you

at 05:35
Allegion plc , a leading global security products and solutions provider, today reported financial results for its second quarter (ended June 30, 2024). "Strong execution by the entire Allegion team drove record Q2 revenue and adjusted EPS," said...

at 05:27
STL (NSE: STLTECH), a leading optical and digital solutions company today, announced that it has extended its partnership with Netomnia, one of the fastest-growing network operators in the UK. STL has been a trusted partner for Netomnia for the past...

at 05:20
Alphawave IP Group plc (LN: AWE, the "Company" or "Alphawave Semi"), a global leader in ultra-high-speed data connectivity for AI, compute and network architectures, is pleased to publish its trading and business update for the three months ended 30...

at 05:01
Current quarter diluted earnings per common share from continuing operations of $10.15 and current quarter adjusted diluted earnings per common share from continuing operations (a non-GAAP measure) of $9.80Total revenues of $4.7 billion, a second...

at 05:00
LanzaJet, a leading sustainable fuels technology company and sustainable fuels producer, today announced a strategic investment from Airbus, a worldwide leader at the forefront of the aviation industry. The investment enables LanzaJet to continue to...

at 05:00
Regrid announces the launch of Regrid Canada Parcels, marking their expansion into international parcel data. Regrid Canada Parcels provides over 8.7 million nationwide parcel boundaries across all 13 Canadian provinces and territories. This dataset,...

News published on and distributed by: