As of 11:59 PM on April 24, 2024, the total market cap of the crypto market is 2.42 trillion US dollars, showing a 0.763% increase from the previous day; the total trading volume is 65.82 billion US dollars, indicating a 6.55% increase from the previous day.
According to sosovalue, the price of $BTC is 64,290 USD, a decrease of 3.2% from yesterday. The market cap of $BTC is 1.27 trillion USD, accounting for 52.3% of the total market cap; $BTC's 24-hour trading volume is 16.60 billion USD, making up 25.2% of the total trading volume.
The price of $ETH is 3,140.5 USD, down 2.45% from yesterday; the market cap of $ETH is 383.28 billion USD, representing 15.8% of the total market cap; $ETH's 24-hour trading volume is 9.25 billion USD, comprising 14% 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 12:00 Hong Kong time, according to sosovalue, the top five gainers are:
Top 1 gainer is Samoyedcoin. As of 23:55 today, its market cap is 41.26M, with a coin price of 0.0098720 USD, witnessing a 24-hour increase of 53.1%.
The second is SUIA. As of 23:55 today, its coin price is 0.16017 USD, with a 24-hour increase of 44.6%.
The third is Contentos. As of 23:55 today, its coin price is 0.019529 USD, showing a 24-hour increase of 30.4%.
In fourth place is Forta. As of 23:55 today, its coin price is 0.34320 USD, with a 24-hour rise of 26%.
In fifth place is Euler. As of 23:55 today, its coin price is 5.8530 USD, increasing by 22.9% 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, 1 is up and 15 are down. Notably, Others sector is worth mentioning.
Others sector has fallen -4.97% relative to the UTC 0 time, led by declines in block (-26.5%), noia (-18.8%), and trac (-17%).
Layer2 sector has decreased -5.08% relative to UTC 0, with STRK (-8.66%), SAVM (-8.63%), and TIA (-7.99%) leading the drop.
AI sector has decreased -6.09% relative to UTC 0, with nos (-12.1%), tao (-9.46%), and wld (-8.88%) leading the decline.
Let's go through the Crypto news worth paying attention today according to sosovalue:
The first is:US prosecutors seek a 36-month prison sentence for former Binance CEO Zhao Changpeng, according to court documents reported by BlockBeats on April 24. Attorneys with the U.S. Department of Justice and former Binance CEO Changpeng Zhao filed their sentencing memos on Tuesday night, suggesting that Zhao should spend 3 years in prison. Binance founder and former CEO Changpeng Zhao is expected to be sentenced on April 30 after pleading guilty to money laundering in November 2023. U.S. prosecutors have recommended a 36-month prison sentence for Zhao, citing his willful violation of U.S. laws against money laundering. The US Department of Justice recommended a 36-month prison sentence for Changpeng Zhao, the former CEO of Binance, the world's largest crypto exchange. The DOJ stated that the sentence would not only send a message to Zhao but also to the world, emphasizing that the price for violating US law must be significant to effectively punish Zhao for his criminal acts and to deter others. US prosecutors have recommended a 36-month prison sentence for Changpeng Zhao, the founder of Binance, the world's largest cryptocurrency exchange, for violating anti-money laundering laws. The Department of Justice argues Binance founder Changpeng Zhao should serve 36 months in prison and pay a $50 million fine for violating US sanctions law. The U.S. Department of Justice (DOJ) has recommended a three-year prison sentence for Changpeng
“CZ” Zhao, the founder and former CEO of Binance, following his guilty plea for violating the Bank Secrecy Act. Federal prosecutors are pushing for a tougher 3-year prison term for Binance founder and former CEO Changpeng “CZ” Zhao in connection with his role in the global cryptocurrency exchange’s violation of sanctions and money laundering laws. The U.S. government has accused Binance founder Changpeng “CZ” Zhao of putting national security at risk for personal gain, recommending a double sentence of 36 months in prison for violating the Bank Secrecy Act. Former Binance CEO Changpeng Zhao apologizes for his actions ahead of sentencing, acknowledging poor decisions related to anti-money laundering and sanctions violations. In a letter to U.S. Judge Richard A. Jones, Zhao expressed regret and accepted full responsibility, highlighting his failure to implement necessary compliance controls at Binance. He received support from 161 letters, including notable figures like Max Baucus and Samson Mow. Zhao plans to focus on philanthropy, having launched Giggle Academy for free basic education. U.S. prosecutors seek a 36-month imprisonment, while Zhao's defense requests probation, citing his cooperation and financial penalties already paid. Zhao is scheduled for sentencing on April 30 after pleading guilty and agreeing to a $50 million fine, with Binance paying a $4.3 billion settlement.
Next news: According to various sources, Bitcoin spot ETFs experienced significant net inflows, with Grayscale's ETF GBTC seeing a net outflow. Fidelity's ETF FBTC and BlackRock's ETF IBIT recorded substantial net inflows, contributing to the overall positive trend. The total net asset value of Bitcoin spot ETFs stands at $55.72B, with the ETF net asset ratio reaching 4.26%. The historical cumulative net inflow has reached $12.38B. Additionally, there were reports of outflows from digital asset investment products, with Bitcoin leading the outflows by $192 million. The US spot $BTC ETFs recorded a total of $264 million in outflows between April 15th and 18th, indicating a waning demand for new spot $BTC ETFs.
Next news: Harvest Global Investments Limited, China Asset Management (Hong Kong), and other fund companies have received approval from the Hong Kong Securities and Futures Commission (SFC) for the launch of Bitcoin and Ethereum spot ETFs. These ETFs are scheduled to be listed and traded at the end of April, providing retail and institutional investors with a regulated and convenient way to invest in digital assets.
Next news: The Department of Justice (DOJ) has arrested the founders of the privacy-focused crypto wallet Samourai on charges of money laundering and operating an unlicensed money transmitting service. The DOJ alleges that Samourai Wallet executed over $2 billion in transactions unlawfully and laundered over $100 million in criminal proceeds. The founders, Keonne Rodriguez and William Lonergan Hill, are accused of facilitating illegal activities through the wallet's privacy-enhancing features. The U.S. government has seized the company's domain and is seeking the extradition of one of the founders from Portugal. This case reflects the increasing scrutiny and legal action against crypto mixing services by regulatory authorities.
Next news: Bitcoin and Ethereum prices fluctuate in the cryptocurrency market. Bitcoin rebounds above $65,000, $66,000, and $67,000, with varying 24-hour changes. Ethereum also rebounds above $3,200. The price movements are based on OKX market data reported by BlockBeats from April 22 to April 25.
Next news: CZ, the founder and former CEO of Binance, submitted a letter of apology to the judge overseeing his case, taking full responsibility for his actions and promising to establish necessary compliance controls at Binance. This move comes alongside 161 letters of appeal from various individuals across different industries, including notable figures such as former U.S. Ambassador to China Max S. Baucus, and professionals from academia and the business sector, all showing support for CZ.
Next news: Block, formerly known as Square, has announced the development of a full Bitcoin mining system, including a three-nanometer chip for $BTC mining. This initiative, led by CEO Jack Dorsey, aims to decentralize Bitcoin mining, addressing challenges faced by mining operators. The announcement follows the completion of a prototype design for a five-nanometer $BTC mining chip in May 2023, highlighting concerns over the centralization of chip development. Block's move comes amid the Bitcoin halving event on April 19, which reduced the block reward for miners, and Intel's decision to end shipping its Blockscale 1000 series ASIC mining chips as part of cost-cutting measures. Block is seeking feedback from the mining community on various challenges, including purchasing miners, maintenance, transparency, and software issues.
Next news: According to BlockBeats, on April 24, SlowMist Chief Information Security Officer (CISO) 23PDS reported that the Lazarus organization is actively targeting individuals in the cryptocurrency industry via LinkedIn. They initiate contact with managers or HR personnel, posing as job seekers looking for React/Blockchain developer positions. The attackers then invite the targets to access their own repository and run the relevant code to demonstrate their skills. However, this repository contains malicious code snippets designed to steal employee permissions or assets.
Next news: Renzo Restaked $ETH (EZETH) has experienced significant depegging on Uniswap due to insufficient liquidity, resulting in a brief fall to $688. A large $ETH whale is continuously buying ezETH, and a net profit of 99 $ETH was made by spending 2,400 $ETH to buy 2,499 ezETH. The EZETH/WETH liquidity pool is only $3.2 million, and EZETH is quoted at $1,934.36 on Uniswap's Ethereum mainnet. Renzo is a new project of Binance Launchpool.
Next news: ZK blockchain gaming ecosystem Tevaera completes $5 million financing, led by Laser Digital. The round saw participation from HashKey Capital, Fenbushi Capital, Matter Labs, Draper Dragon, Faculty Group, Crypto.com Capital, Cogitent Ventures, Selini Capital, DWF Labs, etc. Tevaera plans to launch two new games and the first decentralized L3 game chain on zkSync. Last year, Tevaera attracted over 850,000 'soul-bound' players through its multiplayer game Teva Run, Guardian NFT, and Teva Market.
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.