Let's turn our attention to today's overall Crypto market situation.
As of 5:59 PM Hong Kong time on February 21, 2024, according to sosovalue, the total market cap of the crypto market stands at 1.94 trillion US dollars, witnessing a decrease of 0.818% compared to yesterday; the total trading volume is 91.25 billion US dollars, marking an increase of 31% from the previous day.
According to sosovalue, the price of $BTC is 51,084 USD, a decrease of 1.31% from yesterday. The market cap of $BTC is 1.00T USD, accounting for 51.6% of the total market cap; $BTC's 24-hour trading volume is 22.56B USD, making up 24.7% of the total trading volume.
The price of $ETH is 2,897 USD, down 0.12% from yesterday; the market cap of $ETH is 348.11B USD, representing 17.9% of the total market cap; $ETH's 24-hour trading volume is 16.45B USD, comprising 18% of the total trading volume.
The combined market capitalization of $BTC and $ETH accounts for 69.5% of the total cryptocurrency market cap, and their combined trading volumes constitute 42.7% 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 17:55, the top five gainers are:
Top 1 gainer is Aventus. As of 17:55 today, its market cap is 22.48M, with a coin price of 2.4284 USD, witnessing a 24-hour increase of 66%.
The second is Adappter. As of 17:55 today, its coin price is 0.0035256 USD, with a 24-hour increase of 48.2%.
The third is WINkLink. As of 17:55 today, its coin price is 0.00015120 USD, showing a 24-hour increase of 39.2%.
In fourth place is Wagmi. As of 17:55 today, its coin price is 0.016407 USD, with a 24-hour rise of 33.1%.
In fifth place is Huobi BTC. As of 17:55 today, its coin price is 26038 USD, increasing by 32.6% 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, Infra sector has fallen by 3.8% relative to the UTC 0 time, led by declines in multi (-32.7%), maro (-13.6%), and emaid (-12.9%).
NFT sector has decreased by 4.29% relative to UTC 0, with canto (-16.2%), 1 cat (-13.8%), and nfp (-9.69%) leading the decline.
DeFi sector has decreased by 4.38% relative to UTC 0, with pstake (-17.4%), sudo (-15.9%), and deus (-13.4%) leading the decline.
Let's go through the Crypto news worth paying attention today according to sosovalue:
The first is:Circle announced it will phase out support for USDC on the TRON blockchain, effective immediately. Circle will no longer mint USDC on TRON. By February 2025, Circle Mint customers can transfer USDC to other blockchains or exchange TRON-based USDC for fiat currency through Circle. Retail USDC holders and non-Circle customers can use global services to transfer USDC between blockchains or exchange for fiat currency.
Next news: StarkNet has initiated trading of its token, STRK, at a price of $5 after conducting what is considered the largest airdrop of the year. The project distributed a total of 728 million tokens to approximately 1.3 million addresses, marking a significant event in the cryptocurrency space.
Next news: Over 100 million STRK airdrop tokens have been claimed. BlockBeats reported on February 20th that the official StarkNet announcement stated that over 100 million STRK airdrop tokens have been claimed.
Next news: The UK government plans to introduce new regulations for stablecoins and crypto staking services within the next six months. This move is announced by the Economic Secretary to the Treasury, Bim Afolami, during an industry event hosted by Coinbase in London. The government aims to push for legislative progress quickly, emphasizing the commitment to clarity and regulation in the crypto market. The announcement comes amid increasing pressure to deliver specific proposals before the upcoming general election. The government's broader ambition is to establish the UK as a global crypto hub, but progress on crypto regulation has been slow. However, recent efforts include consultations on fiat-pegged stablecoins and the implementation of the Financial Services and Markets Act 2023. The Bank of England and the Financial Conduct Authority have also announced oversight plans, including stablecoin rules to be implemented by 2025. The move is seen as potentially influenced by the upcoming election and the desire to gain political advantage.
Next news: It seems that someone received an #airdrop of 1,432,800 $STRK ($3M) via 1,361 wallets!
The 1,361 wallets transferred $STRK to wallet"0x027c…9078" after claiming the #airdrop.
Next news: It seems that #Nethermind is selling $STRK!
Nethermind: Lido Node Operator received 10.25M $STRK($23M).
Then sold 209,100 $STRK for 671,326 $USDC at $3.21 via wallet"0x663e".
Next news: John Deaton, a pro-XRP lawyer, is emerging as a strong candidate against Senator Elizabeth Warren, who has expressed concerns over the threat to her position. Warren has rallied her donor base in response to speculation about Deaton's potential challenge to her Senate seat, emphasizing the need for a competitive election battle. She has highlighted the challenges posed by the crypto lobby and potential GOP support for Deaton, asserting that the crypto lobby has targeted her since she began advocating for consumer protection from crypto scams. Despite her confidence, actions suggest she is concerned about the influx of funding from various sources, including Wall Street and the GOP. Deaton, who intends to kickstart his campaign with a significant personal investment, is yet to confirm his candidacy officially. Warren's plea to supporters for financial contributions to her re-election campaign underscores the importance of countering well-funded opponents. The crypto industry's reaction includes criticism from a YouTuber, Thinking Crypto, who called Warren a "liar" and criticized her push for tougher crypto regulations, while highlighting Deaton as a "fighter" for his support towards Ripple's XRP amid the SEC lawsuit.
Next news: Tomorrow marks a significant milestone for the Stellar (XLM) network as it prepares for the most important update in its history. Community voting will commence for the introduction of Protocol 20, which will bring Soroban smart contracts to the Stellar network. This update, developed over two years by the Stellar Development Foundation (SDF) and the Stellar community, aims to enhance the network's functionality significantly. Protocol 20 is set to be the most substantial update to the Stellar network, focusing on improving performance, security, and stability through a slow and steady implementation process. Following the community vote, validators will adopt a phased approach to gradually increase the capacity for Soroban transactions, allowing for careful monitoring of the network's performance. The voting for Protocol 20 is scheduled to begin on February 20, heralding a new era for the Stellar altcoin network.
Next news: Despite a steep downturn in crypto startup funding over the last year, HACK VC has raised a $150 million fund dedicated to the digital asset industry. The venture capital firm, based in New York, plans to announce this on Tuesday. HACK VC has already deployed about a third of the new fund, which focuses on early-stage startups. According to Managing Partner Alex Pack, HACK VC, which has invested in companies including blockchain startup Mysten Labs and crypto financial firm Amber Group, previously raised a $200 million fund in 2022.
Next news: A certain smart money transferred 2700 $ETH out of Binance again 5 minutes ago. According to BlockBeats news on February 21st, as monitored by @AI_9684XTPA, a certain smart money transferred 2700 $ETH out of Binance 5 minutes ago. In the past two days, they have purchased a total of 5400 $ETH with a total value of $15.87 million and an average cost of $2930 per ETH.
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.