Let's turn our attention to today's overall Crypto market situation.
As of 11:59 AM on April 30, 2024, according to sosovalue, the total market cap of the crypto market stands at 2.25 trillion US dollars, witnessing a decrease of 2.58% compared to yesterday; the total trading volume is 72.92 billion US dollars, marking an increase of 23.9% from the previous day.
According to sosovalue, the price of $BTC is 61,204 USD, a decrease of 1.68% from yesterday. The market cap of $BTC is 1.21T USD, accounting for 53.6% of the total market cap; $BTC's 24-hour trading volume is 16.18B USD, making up 22.2% of the total trading volume.
The price of $ETH is 3,007.6 USD, down 4.74% from yesterday; the market cap of $ETH is 367.09B USD, representing 16.3% of the total market cap; $ETH's 24-hour trading volume is 10.79B USD, comprising 14.8% 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 37% 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 11:50, according to the latest data, the top five gainers are:
Top 1 gainer is FLEX Coin. As of 11:50 today, its market cap is 32.30M, with a coin price of 0.32740 USD, witnessing a 24-hour increase of 139%.
The second is DSLA Protocol. As of 11:50 today, its coin price is 0.00078740 USD, with a 24-hour increase of 25.7%.
The third is Amp. As of 11:50 today, its coin price is 0.0083520 USD, showing a 24-hour increase of 21.7%.
In fourth place is Helium. As of 11:50 today, its coin price is 4.1690 USD, with a 24-hour rise of 20%.
In fifth place is WeSendit. As of 11:50 today, its coin price is 0.012370 USD, increasing by 18.6% 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, $ETH sector has fallen 4.74% relative to the UTC 0 time, led by declines in $eth (-4.74%).
AI sector has decreased 5.32% relative to UTC 0, with clore (-11.5%), agi (-10.3%), and vxv (-9.26%) leading the decline.
RWA sector has fallen 5.69%, with token (-9.72%), om (-8.63%), and pendle (-8.19%) leading the decline.
Let's go through the Crypto news worth paying attention today according to sosovalue:
The first is:On April 30, spot Bitcoin and Ethereum ETFs began trading in Hong Kong, leading to Huaxia Bitcoin (03042.HK), Harvest Bitcoin (03439.HK), and Boshi Bitcoin (03008.HK) all rising by more than 3% in early trading. Hong Kong's new Bitcoin and Ethereum ETFs are set to begin trading, with expectations to surpass the US's initial ETF scale. Three Bitcoin and Ethereum spot ETFs in Hong Kong have officially started trading now. Non-Hong Kong residents can also subscribe or purchase ETF products if they meet local regulatory requirements, such as passing customer due diligence. The first six Bitcoin and Ethereum spot ETFs launched in Hong Kong had a total transaction volume of over HK$49 million as of noon close on April 30. The transaction amounts for each ETF were as follows: Huaxia Bitcoin ETF (3042.HK) reached HK$22.98 million; Huaxia Ethereum ETF (3046.HK) reached HK$11.03 million; Harvest Bitcoin Spot ETF (3439.HK) reached HK$8.12 million; Boshi Hashkey Bitcoin ETF (3008.HK) had a transaction amount of approximately HK$3.6 million; Harvest Ethereum Spot ETF (3179.HK) reached HK$2.186 million; Boshi Hashkey Ethereum ETF (3009.HK) reached HK$1.537 million. Crypto investing entered a new phase Tuesday after Hong Kong debuted exchange-traded funds that invest directly in Bitcoin and Ether. The move comes after the US launched spot-Bitcoin ETFs in January, which have attracted $53 billion of assets so far in an historic rollout. On April 30, the first batch of six Bitcoin and Ethereum spot ETFs launched in Hong Kong, trading a total of about HK$87.58 million on their first day of listing. The ETFs included Huaxia Bitcoin ETF (3042.HK) with HK$37.16 million, Huaxia Ethereum ETF (3046.HK) with HK$12.66 million, Harvest Bitcoin Spot ETF (3439.HK) with HK$17.89 million, Boshi Hashkey Bitcoin ETF (3008.HK) with approximately HK$12.44 million, Harvest Ethereum Spot ETF (3179.HK) with HK$4.95 million, and Boshi Hashkey Ethereum ETF (3009.HK) with HK$2.48 million. Bitcoin and Ethereum spot ETFs began trading in Hong Kong, marking a significant event in the cryptocurrency market. However, the first-day trading volumes were significantly lower than those recorded in the United States in January 2024. The six new crypto ETFs in Hong Kong managed to hit $12 million in trading volume, a figure that pales in comparison to the $4.6 billion first-day trading volume of U.S. Bitcoin ETFs. The trading volumes of individual ETFs varied, with the China Asset Management (CAM) Bitcoin ETF performing the best among them, recording HK$4.6 million in trading volume. Despite the lower than expected trading volumes, the launch of these ETFs in Hong Kong was a milestone, following the approval to start trading on April 30. The initial offering period for CAM's Bitcoin and Ethereum spot ETFs attracted $140 million, indicating significant investor interest. Additionally, the Hong Kong Stock Exchange (HKEX) had previously seen success with its cryptocurrency futures ETFs, which attracted $529 million in net inflows in the first quarter of 2024. This story is still developing, and further information will be added as it becomes available.
Next news: Bitcoin's value has experienced fluctuations in the past few days, with prices falling below $62,000 and then recovering above $63,000. On April 28, Bitcoin rebounded above $64,000 with a 1.63% increase. However, on April 29, its value dropped below $63,000, and then on April 30, it briefly fell below $63,000 and $62,000. These fluctuations are based on OKX market data and indicate a 24-hour drop of 0.53% to 3.1%.
Next news: EigenLayer allocates 45% of tokens to community, introduces staking airdrops. The total number of EigenLayer tokens is 1.67 billion, with 45% allocated to the community through pledge airdrops, community programs, and ecosystem development. Additionally, 29.5% of the tokens are allocated to investors and 25.5% to early contributors, with a three-year lock-up period. The first year involves a full lock-up, followed by a gradual release at a rate of 4% per month. EigenLayer introduces staking as community airdrops, distributing 15% of the token supply over multiple seasons. The first season will see 5% of the token supply issued based on staking activity, with a structured claim period.
Next news: Payment giant Stripe announces integration with Avalanche network. According to BlockBeats, on April 29, payment giant Stripe announced the integration of the Avalanche network. The integration allows users to seamlessly access crypto products and decentralized applications, such as decentralized trading platforms and NFT platforms running on Avalanche. At the same time, users can use debit or credit cards in the Avalanche ecosystem wallet core to purchase Avalanche's native AVAX coins, and Stripe will be responsible for all matters related to KYC.
Next news: Tether becomes the majority stakeholder in BlackRock Neurotech by investing $200 million, positioning itself as a significant player in the advancement of Brain-Computer Interface (BCI) technology for treating neurological conditions. This investment makes Tether a top rival of Elon Musk’s Neuralink in the neurotechnology space. Tether's investment in BlackRock Neurotech aims to fund the launch and commercialization of medical solutions, boost research and development efforts, and create a bridge between the brain and artificial intelligence computing. BlackRock Neurotech, founded in 2008, specializes in BCI technology for aiding individuals with paralysis, lost function, and neurological disorders, enabling patients to control devices with their thoughts. Tether's CEO Paolo Ardoino expressed the company's commitment to nurturing emerging technologies with transformative capabilities, highlighting the potential of BCI to open new realms of communication, rehabilitation, and cognitive enhancement.
Next news: The U.S. Securities and Exchange Commission (SEC) has initiated a formal investigation into Ethereum's status as a security, following allegations that Ethereum ($ETH) has been traded as an unregistered security for at least a year. The investigation, known as the "Ethereum 2.0" investigation, was approved by the SEC's five-member commission and focuses on potential unregistered offerings and sales of Ether since at least 2018. Court documents from ConsenSys' lawsuit against the SEC revealed that SEC Chairman Gary Gensler and the SEC believed Ether was a security for at least a year. The investigation was formally launched in March 2023, authorizing subpoenas for individuals and entities involved in $ETH trading. The SEC's Enforcement Department, led by Gurbir Grewal, is leading the investigation, and the details are to be kept confidential by subpoena recipients as per SEC instructions.
Next news: Hong Kong welcomes the first issuance of virtual asset spot ETFs, with six ETFs approved by the Hong Kong Securities Regulatory Commission under China Asset Management (Hong Kong), Bosera International, and Harvest International. The ETFs will be officially listed on the Hong Kong Stock Exchange, offering open access to professional and retail investors in Hong Kong. Mainland Chinese investors are currently not allowed to participate in buying and selling. The launch of spot cryptocurrency ETFs in Hong Kong is a significant milestone in the cryptocurrency investment industry, with bold market predictions and expectations of attracting mainland Chinese investors in the future.
Next news: Former Binance CEO Changpeng "CZ" Zhao may face a three-year prison sentence in the U.S. despite a possible 18-month plea agreement. Meanwhile, the CFTC seeks to ban election betting in the U.S.
Next news: CoinShares data reported by BlockBeats on April 29, digital asset investment products experienced a significant outflow of $435 million in the last week, marking the third consecutive week of outflows and the largest since March this year. The outflows were predominantly from Grayscale, totaling $440 million, its lowest level in nine weeks. ETP trading volume also decreased to $11.8 billion. Bitcoin, Ethereum, Solana, Litecoin, and Chainlink saw notable movements, with Bitcoin and Ethereum experiencing outflows of $423 million and $39 million, respectively, while Solana, Litecoin, and Chainlink recorded inflows of $4 million, $3 million, and $2.8 million.
Next news: According to SoSoValue, Bitcoin spot ETFs experienced a total net outflow of $51.53M on April 29th. Grayscale's ETF GBTC had a net outflow of $24.66M, while Bitwise's ETF BITB had a daily net inflow of $6.84M. Valkyrie's ETF BRRR had a daily net inflow of $2.67M. The total net asset value of Bitcoin spot ETFs stands at $52.21B, with the historical cumulative net inflow reaching $11.94B. Source: https://sosovalue.xyz/assets/etf
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.