SoSo Daily Jun 19

Let's turn our attention to today's overall Crypto market situation.
As of 5:59 PM on June 19, 2024, according to sosovalue, the total market cap of the crypto market stands at 2.49 trillion US dollars, witnessing an increase of 2.13% compared to yesterday; the total trading volume is 89.73 billion US dollars, marking a decline of 29.9% from the previous day.

According to sosovalue, the price of $BTC is 65,082 USD, an increase of 0.731% from yesterday. The market cap of $BTC is 1.28 trillion USD, accounting for 51.4% of the total market cap; $BTC's 24-hour trading volume is 29.41 billion USD, making up 32.8% of the total trading volume.
The price of $ETH is 3,561.2 USD, up 4.47% from yesterday; the market cap of $ETH is 435.45 billion USD, representing 17.5% of the total market cap; $ETH's 24-hour trading volume is 17.23 billion USD, comprising 19.2% of the total trading volume.
The combined market capitalization of $BTC and $ETH accounts for 68.9% of the total cryptocurrency market cap, and their combined trading volumes constitute 52.0% 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 17:55 Hong Kong time, according to sosovalue, the top five gainers are:
Top 1 gainer is Polkadex. As of 17:55 today, its market cap is 3.02M, with a coin price of 0.40510 USD, witnessing a 24-hour increase of 50.8%.
The second is Degen. As of 17:55 today, its coin price is 0.011548 USD, with a 24-hour increase of 42.4%.
The third is Strips Finance. As of 17:55 today, its coin price is 0.68590 USD, showing a 24-hour increase of 36.5%.
In fourth place is Turbo. As of 17:55 today, its coin price is 0.0047737 USD, with a 24-hour rise of 34.6%.
In fifth place is Doland Tremp. As of 17:55 today, its coin price is 0.68320 USD, increasing by 29.8% 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, 14 are up and 2 are down. Notably, AI, RWA, and DePIN sectors are worth mentioning.
AI sector has risen 13.8% relative to the UTC 0 time, led by gains in FET (24.1%), AGIX (22.9%), and OCEAN (21.6%).
RWA sector has increased 10.3% relative to UTC 0, with MKR (13.7%), POLYX (9.01%), and MPL (8.46%) leading the rise.
DePIN sector has risen 7.54%, with OCEAN (21.6%), WSI (21.5%), and ZCN (17.3%) leading the rise.

Let's go through the Crypto news worth paying attention today according to sosovalue:
The first is:The U.S. Securities and Exchange Commission (SEC) has concluded its investigation into Ethereum 2.0, with no securities charges for $ETH sales. Consensys, a key Ethereum infrastructure development company, announced the closure of the SEC's investigation, indicating a significant victory for Ethereum developers and industry participants. This decision marks the end of legal uncertainties surrounding Ethereum's status as a security.
Next news: Bitwise has filed an amended S-1 registration statement for its Ethereum spot ETF with details of a $2.5 million seed investment and plans for Bitwise Investment Manager, LLC to purchase 100,000 initial shares at $25 each. Pantera Capital Management LP has expressed interest in buying up to $100 million worth of shares. The SEC has approved 19b-4 filings for eight Ether ETF bidders, including Bitwise, paving the way for potential trading on U.S. exchanges. The SEC has also concluded its investigation into whether Ether is a security, with no charges against Ethereum 2.0 sales.
Next news: Bitcoin spot ETFs in the U.S. faced significant net outflows, with total outflows exceeding $600 million, impacting $BTC price amid a downturn. Fidelity FBTC led the trend with substantial withdrawals. Grayscale's GBTC reported notable outflows, contributing to the overall negative trend in ETF flows.
Next news: The SEC has concluded its investigation into Ethereum, stating that $ETH is not a security and will not face any charges. This decision is a significant victory for Ethereum developers and industry participants. ConsenSys, a key player in the Ethereum community, emphasized that while this marks a major win, the battle is not entirely over. The investigation was part of efforts to determine if $ETH should be classified as a security, and the positive outcome is seen as a result of various factors, including the approval of spot $ETH ETFs and the easing of the crypto regulatory environment.
Next news: Brazil's Federal Revenue is taking action to investigate potential tax liabilities and illegal activities involving Brazilians on foreign cryptocurrency exchanges. The authorities plan to issue ordinances, request data, and subpoena exchanges to ensure compliance with tax laws and collect owed taxes. Notable exchanges like Binance, Coinbase, OKX, and KuCoin will be affected by these measures.
Next news: Montenegrin Prime Minister Milojko Spajic's involvement as an early investor in Terraform Labs, the company behind the cryptocurrency Terra (LUNA), has been exposed through court documents released by the SEC. Spajic invested $75,000 in April 2018, just days before the company's official registration in Singapore. This revelation contradicts his earlier denials of personal investment in failed crypto projects, potentially leading to further complications for him, especially in light of the significant financial losses incurred by Terraform Labs in May 2022.
Next news: Hashdex has submitted applications and proposals for various ETFs that combine Bitcoin and Ethereum, aiming to provide investors with exposure to these leading cryptocurrencies. The ETFs are designed to be market value-weighted or market cap-weighted, with plans to include other digital assets post-approval. Hashdex is seeking regulatory approval from the U.S. Securities and Exchange Commission (SEC) for these innovative ETF offerings, which could mark significant developments in the crypto fund landscape.
Next news: Binance introduces HODLer Airdrops for BNB holders through Simple Earn, offering airdropped tokens from projects planning to list on Binance. The program rewards long-term BNB holders with retrospective benefits based on their holdings. Binance will take snapshots of user balances to calculate average balances for distribution.
Next news: Bitcoin experiences price fluctuations and drops below key levels, sparking mixed analyses from experts. Despite concerns over liquidations and economic uncertainties, analysts remain cautiously optimistic about potential recovery and long-term prospects.
Next news: Rumors surrounding the DJT tokens, falsely linked to Donald Trump, caused significant market turbulence with losses exceeding $150 million. Various Trump-themed meme coins, including TREMP and MAGA (TRUMP), experienced substantial declines in value. Despite the surge in DJT token price, skepticism remains among industry experts about its legitimacy and association with Trump.

Okay that's all for today. Thank you for tuning in, and we hope you found it helpful. Visit sosovalue.com, our one-stop financial research platform for crypto investors, to stay abreast of the latest market trends and key information. Until next time, goodbye.