As of 2 PM Hong Kong time on February 15, 2024, according to sosovalue, the total market cap of the crypto market stands at 1.93 trillion US dollars, witnessing an increase of 3.76% compared to yesterday; the total trading volume is 83.45 billion US dollars, marking a rise of 4.45% from the previous day.
According to sosovalue, the price of $BTC is 51,717 USD, a 24-hour increase of 4.43%. The market cap of $BTC is 1.02 trillion USD, accounting for 52.5% of the total market cap; $BTC's 24-hour trading volume is 37.33 billion USD, making up 44.7% of the total trading volume.
The price of $ETH is 2,779.7 USD, up 5.63% from yesterday; the market cap of $ETH is 334.03 billion USD, representing 17.3% of the total market cap; $ETH's 24-hour trading volume is 20.21 billion USD, comprising 24.2% of the total trading volume.
The combined market capitalization of $BTC and $ETH accounts for 69.8% of the total cryptocurrency market cap, and their combined trading volumes constitute 68.9% of the total trading volume.
After reviewing the overall crypto market situation, let's shift our focus to the top 5 token gainers of the day:
As of 05:55, according to sosovalue, the top five gainers are:
Top 1 gainer is Prom. As of 05:55 today, its market cap is 219.57M, with a coin price of 12.031 USD, witnessing a 24-hour increase of 57.7%.
The second is Drops Ownership Power. As of 05:55 today, its coin price is 0.088270 USD, with a 24-hour increase of 42.1%.
The third is GAMEE. As of 05:55 today, its coin price is 0.037575 USD, showing a 24-hour increase of 33.6%.
In fourth place is Sentinel. As of 05:55 today, its coin price is 0.0024913 USD, with a 24-hour rise of 30.1%.
In fifth place is GuildFi. As of 05:55 today, its coin price is 0.27150 USD, increasing by 27.4% over the last 24 hours.
Moving on, let's take a look at the sector performance in crypto market.
Acccording to sosovalue, out of 15 sectors, 13 are up and 2 are down. Notably, GameFi sector has risen 6.59% relative to the UTC 0 time, led by gains in prom (59.2%), gmee (35%), and gf (29.9%).
Meme sector has increased 5.97% relative to UTC 0, with $myro (26.3%), dino (21.9%), and kishu (20.5%) leading the rise.
$ETH sector has risen 5.61%, with $eth (5.61%) leading the rise.
Let's go through the Crypto news worth paying attention today according to sosovalue:
The first is:CoinShares reported a record inflow of $1.1 billion into digital asset investment products last week, with Bitcoin ETFs in the United States accounting for the majority of the inflows. The total inflow since the start of the year is $2.7 billion, with assets under management reaching $59 billion. Ethereum and Cardano also saw inflows due to price increases. Outflows from Canada and Germany have slowed, while Switzerland saw an inflow of $35 million. Blockchain stocks experienced some outflows, primarily due to a single issuer's outflow of $67 million.
Next news: Robinhood Markets (HOOD) experiences a pre-market dip ahead of its earnings release scheduled for today after the U.S. stock market closes. Despite the dip, there is anticipation for the company's financial health, especially considering its strategic partnership with MetaMask and recent developments. Analysts expect a promising outlook with an estimated EPS of $0.07 in Q4 and a revenue of $452.78 million, indicating a 19.2% year-over-year surge. Robinhood has also reported a substantial increase in assets under custody and net deposits, reflecting robust annual growth. Additionally, Robinhood's expansion into international markets and its introduction of commission-free trading for major cryptocurrencies are seen as strategic moves that could shape its future in the financial and cryptocurrency sectors.
Next news: Bitcoin's market capitalization has surpassed $1 trillion, with the total market capitalization of cryptocurrencies exceeding $2 trillion. Bitcoin's price has reached new highs, surpassing $51,000 and $52,000. The cryptocurrency market is experiencing a surge, with altcoins also seeing notable gains. Analysts predict further bullish momentum and institutional inflows into Bitcoin. The rise in Bitcoin's market cap solidifies its position as a major player in the financial world.
Next news: Ethereum co-founder Jeffrey Wilcke transferred a significant amount of $ETH to Kraken, adding to previous transfers. He still holds a substantial amount of ETH.
Next news: StarkNet, an Ethereum Layer 2 network, is set to distribute approximately 700 million STRK tokens to nearly 1.3 million addresses starting February 20th. This airdrop, facilitated by the StarkNet Foundation, targets not only StarkNet ecosystem users but also Ethereum mainnet $ETH stakers, liquidity staking token holders, and some developers outside the Web3 community. Eligible recipients have four months, until June 20th, to claim their tokens. Ethereum Layer 2 scaling protocol StarkNet will begin distributing its native network token, STRK, on Feb. 20, with 700 million tokens allocated across nine different recipient categories. Around 1.3 million wallets, including those of Ethereum solo and liquid stakers, StarkNet developers and users, as well as projects and developers from outside the Web3 ecosystem, will be eligible to claim the tokens. StarkNet, known for pioneering zero-knowledge rollup (ZK-rollups) technology, allows transactions and smart contract functions to be processed off-chain, with cryptographic proofs submitted to Ethereum. The StarkNet Foundation has launched a portal for individuals to check their eligibility for STRK tokens. The tokens will be used for governance, paying fees, and future staking. StarkWare co-founder and CEO Eli Ben-Sasson emphasized that the token distribution aims to prioritize StarkNet users, contributors, and developers. The distribution also includes Ethereum community members, protocol guild contributors, Ethereum Improvement Proposal authors, and developers. StarkNet also allocates tokens to open-source developers based on GitHub project contributions, promoting inclusivity within the wider development space. The StarkNet Foundation and StarkWare have cautioned against airdrop scams and announced a pilot program called "Devonomics" to distribute a 10% cut of network fees to developers. StarkNet, developed by zero-knowledge proof pioneer StarkWare, is set to begin its 'broad' token distribution on Feb. 20. The native STRK token will be distributed to nearly 1.3 million eligible wallets, marking what the StarkNet Foundation describes as the 'broadest distribution of its kind' to date. Solo stakers on Ethereum running up to 12 validators will receive thousands of tokens per validator. For the first time, the distribution will also include non-Web3 open source software developers based on their GitHub contributions. The StarkNet Foundation aims to set a precedent of inclusivity with this move. The STRK token will carry utility within the network, allowing holders to vote on major changes, pay network fees, and potentially contribute to the security of StarkNet through staking. The distribution is part of the StarkNet Foundation's efforts to promote adoption of StarkNet and is referred to as 'provisions' rather than an airdrop. A diverse set of users, contributors, and developers will share in the 900 million STRK tokens on offer, which represents 9% of the total supply. StarkNet has tailored token eligibility criteria to mitigate Sybil attacks and collaborated with Trust Labs to screen users. Around 5 billion STRK tokens (49.9% of the total supply) are allocated to core contributors and investors, with a one-year cliff and a linear release over four years. The StarkNet Foundation promises further token distributions in the future. LAYER-2 CHAIN STARKNET'S MUCH-AWAITED STRK TOKEN AIRDROP COMING NEXT WEEK
THE AIRDROP WILL HAPPEN ON FEB.20, AND ELIGIBLE USERS HAVE UNTIL JUNE 20 TO CLAIM THEIR TOKENS.
Next news: Genesis receives court approval to sell $1.3 billion worth of GBTC stock. According to a report by Blockbeats on February 15th, Genesis has been granted court approval to sell GBTC shares worth $1.3 billion.
Next news: On February 14th, Citibank, in collaboration with traditional financial giants WisdomTree and Wellington Management, announced their exploration of the tokenization of private equity funds using the Avalanche subnetwork testnet Spruce. Citi Bank has conducted tests on tokenizing private equity funds using the Avalanche blockchain platform. The firm explored various use cases through Avalanche's subnet, specifically targeting the private markets sector. Citi has embarked on leveraging blockchain technology to initiate the tokenization process in private markets. The financial giant has partnered with Wellington Management and WisdomTree to complete a proof of concept on the tokenization of private funds, demonstrating the potential for tokenized private equity funds to be issued and held safely. Utilizing the Avalanche Spruce institutional test subnet, Citi explored smart contract capabilities, offering new operational efficiencies and compliance with low-risk entry for buy- and sell-side organizations. The initiative also involved assessing transfer scenarios with smart contracts and using a private fund token as collateral in an automated loan contract. This move by Citi reflects a broader trend among financial institutions to adopt blockchain technology for its benefits in transaction recording, security, and reducing fraud risks. Citi Bank has chosen Avalanche's Spruce subnet for a proof-of-concept experiment to explore the tokenization of private equity funds. This collaboration with traditional finance giants like WisdomTree and Wellington Management marks a significant move towards restructuring capital markets using blockchain technology. The experiment included peer-to-peer token transfers, secondary transfers for trading, and validation of new features through secured lending. Citi has successfully completed a proof-of-concept for tokenizing private equity funds on the Avalanche blockchain, in collaboration with Ava Labs, traditional financial institutions, and digital asset companies. This project aimed to explore the potential of blockchain technology in transforming the private equity industry by using simulated workflows in a Wellington Management-issued private equity fund. ABN AMRO acted as the investor, and WisdomTree simulated the platform on the permissioned Avalanche Evergreen Spruce subnet. The partners tested smart contracts for distribution rules, verified identities with WisdomTree, and collaborated with DTCC Digital Assets for using a private fund token as collateral in an automated lending contract. Despite the success, Citi highlighted outstanding legal and technical issues, including regulatory status of tokens, anti-money laundering, and the need for matured identity standards and secured data flows. Citi remains optimistic about the transformative potential of blockchain for private equity, citing the need for further development on technical issues like end-to-end data rails and tokenized cash leg for atomic settlement.
Next news: COW DAO has launched an AMM trading platform aimed at protecting LPs from MEV impact. According to an official announcement on BlockBeats on February 15th, COW DAO has launched its first product, COW AMM, to protect LPs. This solution will safeguard LPs from the impact of MEV known as "Loss and Rebalancing (LVR)". LVR refers to the losses suffered by liquidity providers on decentralized AMM trading platforms due to constant rebalancing of liquidity pools by arbitrage robots.
Next news: Kenetic Capital transferred 4.1 million RNDR tokens, equivalent to 20.4 million USD, to Binance 6 hours ago. According to spot on chain monitoring on February 14, Kenetic Capital deposited 4.1 million RNDR tokens (equivalent to $20.4 million) into Binance six hours ago. It is reported that Kenetic Capital's address starting with 0xF26 is the largest institutional holder of RNDR before depositing all of its 6.6 million RNDR tokens (equivalent to $32.5 million) into a CEX since December 24, 2023. The estimated total profit is $15.95 million.
Next news: Bitcoin has surpassed the $50,000 mark, reaching its highest level since December 2021. This surge in Bitcoin's price has been driven by factors such as increased institutional demand, inflows into spot Bitcoin ETFs, and anticipation of the upcoming Bitcoin halving. However, there are mixed sentiments among analysts, with some cautioning about potential price corrections and others remaining optimistic about further gains. The market is closely watching key resistance levels and on-chain data to gauge the sustainability of Bitcoin's rally.
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