Let's turn our attention to today's overall Crypto market situation.
As of 5:59 AM on June 23, 2024, according to sosovalue, the total market cap of the crypto market stands at 2.47 trillion US dollars, witnessing an increase of 0.275% compared to yesterday; the total trading volume is 37.59 billion US dollars, marking a decline of 51.1% from the previous day.
According to sosovalue, the price of $BTC is 64,380 USD, a decrease of 0.0686% from yesterday. The market cap of $BTC is 1.27 trillion USD, accounting for 51.3% of the total market cap; $BTC's 24-hour trading volume is 41.39 billion USD, making up 110% of the total trading volume.
The price of $ETH is 3,509.2 USD, up 0.00313% from yesterday; the market cap of $ETH is 429.09 billion USD, representing 17.3% of the total market cap; $ETH's 24-hour trading volume is 21.65 billion USD, comprising 57.6% of the total trading volume.
The combined market capitalization of $BTC and $ETH accounts for 68.6% of the total cryptocurrency market cap, and their combined trading volumes constitute 167.6% 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 Hong Kong time, according to sosovalue, the top five gainers are:
Top 1 gainer is Rats. As of today, its market cap is 122.88M, with a coin price of 0.00012288 USD, witnessing a 24-hour increase of 69.7%.
The second is BEER. As of today, its coin price is 0.000070300 USD, with a 24-hour increase of 36.2%.
The third is Shark Cat. As of today, its coin price is 0.038600 USD, showing a 24-hour increase of 32.4%.
In fourth place is NexGami. As of today, its coin price is 0.026100 USD, with a 24-hour rise of 28.9%.
In fifth place is Shyft Network. As of today, its coin price is 0.0098480 USD, increasing by 27.1% 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, 9 are up and 7 are down. Notably, SocialFi, RWA, and AI sectors are worth mentioning.
SocialFi sector has risen 4.71% relative to the UTC 0 time, led by gains in TON (5.39%), GAL (2.11%), and MBL (1.94%).
RWA sector has decreased -3.12% relative to UTC 0, with PRO (-7.99%), OM (-6.42%), and PRCL (-4.81%) leading the drop.
AI sector has fallen -4.41%, with VXV (-10.4%), TRAC (-8.61%), and FET (-7.49%) leading the decline.
Let's go through the Crypto news worth paying attention today according to sosovalue:
The first is:Binance assists BtcTurk in investigation and freezes over $5.3 million in stolen funds after a cyber attack. BtcTurk suspended cryptocurrency deposits and withdrawals. Binance's security teams are actively working on the case.
Next news: Weekly project updates include the launch of ZK & ZRO airdrops this week, with the Blast Airdrop scheduled for next week. Additionally, ENA will join Symbiotic for re-staking activities.
Next news: Rapper 50 Cent's X account and website were hacked, leading to a $300 million loss in a fraudulent cryptocurrency scheme involving the promotion of the 'GUNIT' token and a subsequent rug pull. 50 Cent clarified his lack of association with the cryptocurrency and secured his account post-incident. This event reflects a trend of celebrities being targeted in crypto schemes, similar to incidents involving Caitlyn Jenner. 50 Cent's Twitter account was also hacked, resulting in the promotion of the meme coin 'GUNIT' and a $300 million fraud. The rapper disclaimed any involvement with the cryptocurrency and Twitter froze his account to prevent further misuse. 50 Cent's tweet about GUNIT tokens led to a market value surge, but he later revealed his account was hacked, distancing himself from the token.
Next news: Eight spot Ethereum ETF applicants, including Bitwise, Fidelity, VanEck, Franklin, 21Shares, Grayscale, BlackRock, and Invesco, have submitted updated versions of their S-1 documents. Notably, Franklin set its fees at 0.19%, while VanEck announced a fee of 0.2%. BlackRock also disclosed a $10 million seed investment. The SEC is reviewing these filings, and a potential launch date for these ETFs is suggested for 2 July by Bloomberg analyst Eric Balchunas.
Next news: CoinStats, a cryptocurrency portfolio manager, faced a security breach impacting 1,590 crypto wallets. The company suspended user activity temporarily and confirmed that the breach was contained. Only 1.3% of wallets were affected, with connected wallets and CEXes unaffected. Affected users were advised to transfer their funds. This breach aligns with a series of recent security incidents in the crypto sector.
Next news: ZachXBT suggests a correlation between a large token transfer of 1.96 million AVAX to exchanges like Coinbase, Binance, and Gate and the 10% price drop in AVAX within 24 hours, reducing its value to $25.
Next news: Hong Kong establishes a Web3 and Virtual Asset Development Subcommittee to promote the industry's growth by collecting global insights, making policy recommendations, and positioning Hong Kong as a global hub for Web3. The initiative invites feedback from global industry builders to enhance investor protection, market confidence, and regulatory frameworks for virtual assets and DAOs.
Next news: Bitcoin spot ETFs experienced significant net outflows over the past week, with total outflows exceeding $900 million. Grayscale's GBTC and Fidelity's FBTC reported notable outflows, while BlackRock's IBIT recorded modest inflows. The trend of outflows coincides with market pressures on Bitcoin prices.
Next news: Dogecoin's price broke below the $0.13 resistance, signaling a bearish sentiment due to a descending triangle pattern. Factors like a negative funding rate and a substantial DOGE transfer to Robinhood impacted the market. However, a potential reversal above $0.13 could alter the outlook, with technical indicators indicating oversold conditions and a possible near-term recovery. Dogecoin's price movement closely aligns with Bitcoin, implying Bitcoin's trends may affect Dogecoin.
Next news: Singapore-based crypto financial research startup SoSoValue has secured $4.15 million in seed funding. The funding round was led by HongShan, GSR Markets, Alumni Ventures, CoinSummer Labs, and One Piece Labs, with participation from early Ethereum investors and founders of Web3 and AI technology companies. The investment will be utilized to enhance AI-driven data services and grow the global community of researchers.
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.