As of 11:59 AM on February 17, 2024, the total market cap of the crypto market is 1.95 trillion US dollars, showing a decrease of 1.13% compared to the previous day. The 24-hour trading volume is 70.37 billion US dollars, indicating a decline of 20.9% from the previous day.
According to sosovalue, the price of $BTC is 51,969 USD, a decrease of 0.596% from yesterday. The market cap of $BTC is 1.02T USD, accounting for 52.4% of the total market cap; $BTC's 24-hour trading volume is 31.99B USD, making up 45.5% of the total trading volume.
The price of $ETH is 2,793.4 USD, down 1.85% from yesterday; the market cap of $ETH is 335.67B USD, representing 17.3% of the total market cap; $ETH's 24-hour trading volume is 25.58B USD, comprising 36.4% of the total trading volume.
The combined market capitalization of $BTC and $ETH accounts for 69.7% of the total cryptocurrency market cap, and their combined trading volumes constitute 81.9% 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 11:55, according to the latest data, the top five gainers are:
Top 1 gainer is Livepeer. As of 11:55 today, its market cap is 443.10M, with a coin price of 14.350 USD, witnessing a 24-hour increase of 68%.
The second is Matrix AI Network. As of 11:55 today, its coin price is 0.028969 USD, with a 24-hour increase of 35.7%.
The third is Santos FC Fan Token. As of 11:55 today, its coin price is 6.3410 USD, showing a 24-hour increase of 32.2%.
In fourth place is Bitget Token. As of 11:55 today, its coin price is 1.1092 USD, with a 24-hour rise of 29.8%.
In fifth place is Rejuve.AI. As of 11:55 today, its coin price is 0.029060 USD, increasing by 28.4% over the last 24 hours.
Moving on, let's take a look at the sector performance in the crypto market.
According to sosovalue, out of 15 sectors, 13 are up and 2 are down. Notably, Socialfi sector has risen 2.16% relative to the UTC 0 time, led by gains in rss3 (11.6%), sylo (8.99%), and audio (8.65%).
Meme sector has decreased -2.08% relative to UTC 0, with bitcoin (-26.8%), wif (-9.22%), and silly (-9.11%) leading the decline.
Let's go through the Crypto news worth paying attention today according to sosovalue:
The first is:Coinbase, the cryptocurrency exchange platform, reported strong fourth-quarter earnings, surpassing profit estimates and exceeding market expectations. The company's net income for the quarter was $273 million, marking its first profitable quarter since 2021. Coinbase's total revenue for the quarter reached $954 million, with transaction revenues increasing to $529 million. The positive financial performance was driven by a market rebound and increased trading volumes. The company's stock price surged following the earnings report, with shares rising by as much as 15%. Analysts have become more optimistic about Coinbase's future prospects, citing the positive impact of rising cryptocurrency prices on the exchange's revenue.
Next news: The Uniswap Foundation announced that the launch of Uniswap v4 is tentatively scheduled for the Q3 of 2024 and is currently in the first phase, including core code completion, testing, gas optimization, security enhancements, and the finalization of peripherals. The second phase is to conduct comprehensive audits and community audit competitions, and deploy v4 to the test network.
Next news: Asset manager Jupiter's crypto investment was scrapped by the compliance team, according to the Financial Times. The firm's Gold & Silver Fund made a $2.58 million investment in an XRP ETP, which was later cancelled.
Next news: The U.S. Treasury, represented by Under Secretary Brian Nelson, has called for stronger legislative tools and resources to combat crypto-related crimes and illicit finance. This call for action was made during a congressional hearing focused on terrorism and crypto crimes. The Treasury seeks enhanced authorities to address the evolving challenges of today's financial landscape, including the need for new sanctions tools and increased oversight of stablecoins. Additionally, the Treasury clarified that cryptocurrencies accounted for only a small part of the funding of militant groups Hamas and Palestinian Islamic Jihad, refuting claims of significant crypto funding for these groups. The House Financial Services Committee has been actively addressing the role of cryptocurrency in illicit finance, with a focus on anti-money laundering measures and regulatory gaps. The committee's bipartisan effort underscores the importance of combating financial crime in the cryptocurrency space.
Next news: The Aptos Foundation has partnered with Jambo to launch the JamboPhone, which is priced at $99. According to BlockBeats news on February 16th, the Aptos Foundation jointly launched JamboPhone with Web3 application Jambo, which is priced at $99 and is now available in over 40 countries/regions. The phone aims to promote Web3 access in emerging markets. JamboPhone comes pre-installed with the Aptos ecosystem wallet Petra and JamboApp, providing direct access to the Aptos ecosystem and other ecosystems.
Next news: The total open interest of Ethereum futures contracts across the entire network has exceeded $10 billion, according to CoinGlass data reported by BlockBeats on February 16th. The total open interest has risen to 3.5924 million $ETH, marking an increase of 1.26% in the past 24 hours. Binance holds the highest open interest in Ethereum contracts, with 1.1894 million $ETH (approximately $3.369 billion), showing a 2.89% increase in holdings in the past 24 hours. Bybit follows with the second-highest open interest, having 0.6622 million $ETH (approximately $1.875 billion), but experienced a 0.91% decrease in holdings in the past 24 hours.
Next news: Over $4.6 million worth of BEAM was stolen through a three-address exploit, resulting in 1639 $ETH in profits for the hacker. According to spot on chain monitoring, three wallets were hacked and lost 18.1 million BEAM (approximately $4.63 million) in the past 11 hours, becoming victims of a phishing attack. The hacker sold all the stolen BEAM for approximately $0.0256 per token and exchanged it for 1,639 $ETH, causing a 6.7% drop in the BEAM price. Users should be wary of phishing attacks, understand common phishing activities, and avoid asset losses.
Next news: Yuga Labs, the company behind the Bored Ape Yacht Club NFT collection, has announced its acquisition of Proof, a significant player in the NFT space. This acquisition includes Proof Collective and popular collections such as Moonbirds, Oddities, Mythics, and the Grails exhibition series. The move is aimed at bolstering Yuga Labs' vision of becoming the 'front door of Web3,' as stated by CEO Daniel Alegre. By integrating Proof's assets, team, and intellectual property into its ecosystem, Yuga Labs seeks to enhance its offerings and solidify its position in the digital art and blockchain community. A notable part of this acquisition is the incorporation of the Moonbirds collection into Otherside, Yuga Labs' metaverse project, which is designed as a collaborative space for content creators, communities, and brands. Kevin Rose, CEO and founder of Proof, expressed enthusiasm for Moonbirds' new home, anticipating a fruitful future for the collection's collectors within the Otherside metaverse. This integration highlights Yuga Labs' commitment to fostering digital fine art and community engagement. Additionally, Yuga Labs has a history of strategic acquisitions and partnerships, including Roar Studios for the Otherside metaverse and the Web3 ecosystem WeNew, along with its flagship NFT collection, 10KTF. These moves, along with partnerships with brands like Louis Vuitton and Gucci, showcase Yuga Labs' aggressive expansion strategy and its dedication to building a cohesive, interoperable digital world.
Next news: The launch of spot Bitcoin ETFs has reignited enthusiasm for Bitcoin as analysts predict a potential breach of a new all-time high this year. With higher demand and an expected supply crunch due to the upcoming Bitcoin halving, investors may be driven by FOMO to cash in on potentially lucrative gains. Retail investors, particularly Bitcoin believers, have already shown interest in these ETFs, and more funds may flow in from this group in the coming days.
Next news: Coinbase International, the global version of the cryptocurrency exchange Coinbase, announced it will list Polkadot (DOT), Internet Computer (ICP), and NEAR Protocol (NEAR) altcoins on its futures platform. The altcoins will be listed in the DOT-PERP, ICP-PERP, and NEAR-PERP markets on February 22, 2024, at 13:00 Turkey time (UTC+3). Additionally, Coinbase Global is set to report its earnings after the market closes in the US today, with analysts expecting fourth-quarter earnings per share of $0.02 and revenue of $826 million. However, Coinbase still faces regulatory challenges, including a lawsuit from the SEC for allegedly operating as an unregistered securities exchange. A judge heard arguments last month and will decide on the necessity of a hearing in the coming weeks.
Okay that's all for today. Thank you for tuning in, and we hope you found it helpful. Visit sosovalue.xyz, our one-stop financial research platform for crypto investors, to stay abreast of the latest market trends and key information. Until next time, goodbye.