SoSo Daily Apr 28

As of 5:59 AM on April 28, 2024, the total market cap of the crypto market is 2.38 trillion US dollars, showing a 24-hour change of +2.27%; the total trading volume is 52.03 billion US dollars, with a 24-hour change of -19%.

According to sosovalue, the price of $BTC is 63,942 USD, an increase of 1.51% from yesterday. The market cap of $BTC is 1.26 trillion USD, accounting for 52.9% of the total market cap; $BTC's 24-hour trading volume is 23.30 billion USD, making up 44.8% of the total trading volume.
The price of $ETH is 3,313.1 USD, up 6.28% from yesterday; the market cap of $ETH is 404.36 billion USD, representing 17% of the total market cap; $ETH's 24-hour trading volume is 11.15 billion USD, comprising 21.4% of the total trading volume.
The combined market capitalization of $BTC and $ETH accounts for 69.9% of the total cryptocurrency market cap, and their combined trading volumes constitute 66.2% 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 Samoyedcoin. As of 05:55 today, its market cap is 37.69M, with a coin price of 0.0090170 USD, witnessing a 24-hour increase of 27%.
The second is DSLA Protocol. As of 05:55 today, its coin price is 0.00078740 USD, with a 24-hour increase of 25.7%.
The third is Ether.fi. As of 05:55 today, its coin price is 4.1580 USD, showing a 24-hour increase of 22.7%.
In fourth place is PAAL AI. As of 05:55 today, its coin price is 0.37778 USD, with a 24-hour rise of 21.9%.
In fifth place is Helium. As of 05:55 today, its coin price is 4.1690 USD, increasing by 20% 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 16 sectors, 16 are up and 0 are down. Notably, $ETH sector has risen 6.26% relative to the UTC 0 time, led by gains in $eth (6.26%).
Layer2 sector has increased 5.7% relative to UTC 0, with ata (18.2%), op (15.1%), and STRK (13.9%) leading the rise.
NFT sector has risen 4.03%, with gq (18.1%), blur (13.8%), and xpnet (10.4%) leading the rise.

Let's go through the Crypto news worth paying attention today according to sosovalue:
The first is:Taiwan prosecutors seek 20-year prison sentences for suspects involved in the Ace Exchange case. The recommendation for such severe sentences is justified by the increased scale of the losses incurred. This move indicates the seriousness with which the authorities are treating the case, highlighting the significant financial impact it has had. Taiwan has filed a new round of charges against David Pan, founder of crypto exchange ACE, and 31 other suspects for alleged money laundering and fraud, recommending a minimum 20-year prison sentence for the four main suspects. Prosecutors estimate that more than 1,200 people were defrauded of an estimated $24.56 million. Taiwan prosecutors are recommending a minimum 20-year prison sentence for the four main suspects in the fraud and money laundering case related to the cryptocurrency trading platform ACE Exchange. The Taipei District Prosecutors’ Office indicted 32 people, including ACE Exchange founder David Pan, his business partner Lin Keng-Hong, and prominent attorney Wang Chen-Huan. Over 1,200 individuals were deceived, with losses now estimated at 800 million New Taiwan Dollars (US$24.56 million), up from the previously estimated 340 million New Taiwan Dollars ($10.6 million). The prosecutors also recommended at least 12 years for Wang, considering his role. In January 2024, Taipei City Police arrested Pan and 14 others, revealing Pan’s association with the fraudulent crypto wallet service known as “Alfred” or “Afu Wallet,” and a related crypto card. The suspects promoted investments in various tokens, leading to significant losses for investors. A Taiwanese court ruled that the defendant’s property should be seized, with some assets already confiscated. ACE Exchange, in response, stated that Pan’s fraudulent activity was not related to the platform’s operations.
Next news: A "PAPER HAND" trader frequently traded Gummy and Maneki in the past 5 days and lost 125.52 SOL. According to BlockBeats, on April 27, according to Lookonchain monitoring, the trader made 7 transactions, 6 of which were losses, buying when the price was high and selling in a panic after the price fell.
Next news: An $ETH whale deposited 1,000 $ETH to Binance with an average holding price of $394. The whale sold $ETH at a rebound, making a profit of $2.85 million. The address still holds 1,001 $ETH with a floating profit of $2.86 million.
Next news: Ethereum has seen a significant increase in its value, rising by more than 2.5% in the past hour. According to BlockBeats and OKX market data on April 28, Ethereum is now trading at $3,230.
Next news: VeChain has acknowledged a balance issue with X-node rewards following an infrastructure upgrade. The problem was reported by users after the upgrade last Friday. VeChain's team is currently investigating the issue and working towards a resolution. They have promised to keep the community updated once the issue is confirmed and resolved.
Next news: The Bitcoin Volatility Index, known as BITVOL, experienced a significant drop to 60.53, marking a daily decline of 8.07% on April 26. The BITVOL Index measures the 30-day expected implied volatility derived from the price of tradable Bitcoin options. Another news article mentions that the Bitcoin Volatility Index (BitVol) fell to 58.17, marking a daily decline of 3.9% and reaching a new low in nearly two months. The BitVol index measures the 30-day expected implied volatility derived from the price of tradable Bitcoin options.
Next news: According to BlockBeats, on April 27, DTCC data revealed that the spot Ethereum ETF 'Franklin Ethereum TR Ethereum ETF' (code EZET), launched by asset management company Franklin Templeton, has been listed on the DTCC (U.S. Securities Depository and Clearing Corporation) website. The create/redeem column for this ETF shows 'Y'. Franklin Templeton's spot Ethereum ETF, EZET, is now listed on the DTCC, awaiting the SEC's decision amidst growing frustration. Franklin Templeton has launched its Ethereum ETF, named the Franklin Ethereum TR Ethereum ETF and coded as EZET, listed on the DTCC. The listing on the DTCC does not imply SEC approval for the S-1 filing for a spot Ether ETF. The asset management firm submitted the S-1 filing to the SEC on February 12, aiming for approval to list the ETF as "Franklin Ethereum ETF" on the Chicago Board Options Exchange. The SEC has postponed its decision on the application until June 11, extending the review period by an additional 45 days. This move places Franklin Templeton among industry giants like BlackRock, Grayscale, VanEck, and ARK Invest in the Ethereum ETF race. However, the outlook for Ethereum-based funds remains uncertain, with Bloomberg ETF analyst Eric Balchunas estimating a 35% chance of SEC approval in May, influenced by SEC Chair Gary Gensler's stance on Ether as a security.
Next news: In 2024, the cryptocurrency market is witnessing a significant bull run, with emerging trends that could reshape the industry. Key developments include the Blastup presale, which has attracted over 12,000 investors and is projected to offer explosive returns. Other cryptocurrencies like Aptos, Render, and Optimism are experiencing varied market movements, reflecting the volatile nature of the market. Starknet's technology, focusing on scalability and privacy, is also highlighted as a potential growth area. The article emphasizes the importance of innovative projects like Blastup within the established Blast ecosystem for investors seeking future gains.
Next news: Google Cloud recently launched a Web3 portal with testnet tools, blockchain datasets, and learning resources for developers, receiving mixed reactions from the crypto industry.
Next news: Recent regulatory action against ConsenSys and Samourai has instilled fear among other crypto service providers operating in the United States. Phoenix and Wasabi, two notable crypto service providers, have decided to exit the US market amid the crackdown on self-custody wallets.

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.