Let's turn our attention to today's overall Crypto market situation.
As of 11:59 PM Hong Kong time on June 9, 2024, according to sosovalue, the total market cap of the crypto market stands at 2.69 trillion US dollars, witnessing an increase of 0.729% compared to yesterday; the total trading volume is 56.14 billion US dollars, marking a decline of 34.1% from the previous day.
According to sosovalue, the price of $BTC is 69,648 USD, an increase of 0.487% from yesterday. The market cap of $BTC is 1.37 trillion USD, accounting for 51.1% of the total market cap; $BTC's 24-hour trading volume is 18.60 billion USD, making up 33.1% of the total trading volume.
The price of $ETH is 3,706.4 USD, up 0.674% from yesterday; the market cap of $ETH is 445.33 billion USD, representing 16.6% of the total market cap; $ETH's 24-hour trading volume is 16.20 billion USD, comprising 28.9% of the total trading volume.
The combined market capitalization of $BTC and $ETH accounts for 67.7% of the total cryptocurrency market cap, and their combined trading volumes constitute 62.0% 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 23:55 Hong Kong time, according to sosovalue, the top five gainers are:
Top 1 gainer is Aperture Finance. As of 23:55 today, its market cap is 12.34M, with a coin price of 0.13577 USD, witnessing a 24-hour increase of 44%.
The second is Turbo. As of 23:55 today, its coin price is 0.0065172 USD, with a 24-hour increase of 26.2%.
The third is ALEX Lab. As of 23:55 today, its coin price is 0.21550 USD, showing a 24-hour increase of 20.3%.
In fourth place is Coinweb. As of 23:55 today, its coin price is 0.014275 USD, with a 24-hour rise of 19.8%.
In fifth place is V.SYSTEMS. As of 23:55 today, its coin price is 0.0015550 USD, increasing by 19% over the last 24 hours.
Moving on, let's take a look at the sector performance in crypto market.
According to sosovalue, out of 16 sectors, 14 are up and 2 are down. Notably, RWA, NFT, and SocialFi sectors are worth mentioning.
RWA sector has risen 4.9% relative to the UTC 0 time, led by gains in tru (13.9%), om (12.5%), and polyx (8.84%).
NFT sector has increased 2.09% relative to UTC 0, with mtd (9.99%), coval (9.91%), and audio (9.39%) leading the rise.
SocialFi sector has risen 2.09%, with moon (11.4%), chz (10.7%), and berry (7.65%) leading the rise.
Let's go through the Crypto news worth paying attention today according to sosovalue:
The first is:Friendtech announced plans to migrate from the Base network to the Friendchain network developed in partnership with Conduit, and will keep users informed of the migration schedule in the coming months as blockchain development progresses. The Friendtech team previously stated that it was excluded by the Base community. Decentralized social media platform Friend.tech, built on Coinbase's layer-2 network Base, has announced its plans to develop its own blockchain, Friendchain, in collaboration with Conduit. The decision has sparked confusion among users, with many questioning the necessity and value proposition of a social-focused blockchain. Despite the skepticism, the announcement led to a significant price spike in Friend.tech's native token, FRIEND, which surged 64% shortly after the announcement but then dropped sharply. This move comes after a major airdrop and a record high in transactions for Friend.tech, indicating a volatile period for the company.
Next news: Loopring, an Ethereum Layer 2 protocol, reported a security vulnerability in some Loopring smart wallets, particularly those utilizing Loopring's official Guardian. A hacker exploited this flaw by initiating a recovery process, posing as the wallet owner to reset ownership and withdraw assets.
Next news: Thailand launches its first Bitcoin ETF, South Korea's Ministry of Justice addresses virtual asset crimes, and a roundup of the top 10 crypto news from June 3rd to June 9th in Asia.
Next news: The Arbitrum Foundation has launched a $215 million Gaming Catalyst Program to promote gaming innovation on its Ethereum rollup-based layer-2 network. The initiative will distribute 225 million ARB tokens over three years to support game developers and enhance the ecosystem's growth. The program aims to increase recognition and usage of Arbitrum, Orbit, and Stylus among developers and players, with a five-member council overseeing strategic decisions for effective fund allocation.
Next news: Wintermute CEO Evgeny Gaevoy discusses the ideological split in Ethereum's leadership, highlighting concerns about conflicting capitalist and socialist ideologies within the community. The discussion raises worries about Ethereum's future success amid a controversy involving celebrity memecoins and potential ideological conflicts within its leadership.
Next news: XRP's price hits a two-month low of $0.498 amid increased selling pressure following Ripple's sale of 150 million XRP. Key indicators signal further declines, with momentum indicators like RSI and MFI below neutral levels. The Aroon Down Line indicates a strong downtrend, with potential drops to $0.491 or lower if selling pressure persists.
Next news: Arkham unlocked 79.203M GMT tokens valued at approximately $15.9 million, transferring them to a 4/5 multi-signature address. The tokens are expected to be distributed further, with potential transfers to exchanges like Binance.
Next news: Binance, the world's largest cryptocurrency exchange, achieves a milestone of 200 million users, eyeing 300 million by 2026 despite legal challenges. The growth from 130 million in 2022 to 200 million in June 2024 showcases rapid expansion. Binance also celebrates $100 billion in assets under custody. Founder Changpeng Zhao faces legal issues but the platform continues to thrive. CEO Richard emphasizes user-centric focus.
Next news: UniSat achieves record high of 9.6k trading users and regains over 40% share in Ordinals market volume since September. The recent airdrop of BRC-20 PIZZA to users showcases UniSat's engagement with its community.
Next news: Ahmad Shadid, founder and CEO of DePIN protocol io net, resigns, with COO Tory Green stepping in. Shadid cites past allegations as reason for resignation, aiming for io net's progress. 1 million IO tokens to be donated to GPU Internet Foundation.
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.