August 1st marks the beginning of the final five months of 2024, a year that has already been extraordinary for the crypto industry. This year has been unforgettable, with the crypto sector making a significant entrance on Wall Street with the launch of the first U.S. Bitcoin and Ethereum spot ETFs. The U.S. regulatory stance has also become more favorable towards crypto, recognizing it as a pivotal factor in the 2024 U.S. Presidential Election. Over and above that, banks and other financial institutions are eagerly lining up to offer crypto services.

As we approach the end of the year, we are particularly focused on three key factors that we believe will largely determine the crypto market’s direction for the remainder of 2024. These factors are the U.S. crypto ETFs, the involvement of financial institutions, and importantly, the macroeconomic environment.