SoSo Daily Jun 23

Let's turn our attention to today's overall Crypto market situation.
As of 5:59 PM Hong Kong time on June 23, 2024, according to sosovalue, the total market cap of the crypto market stands at 2.45 trillion US dollars, witnessing a decrease of 0.632% compared to yesterday; the total trading volume is 36.77 billion US dollars, marking a decline of 20.9% from the previous day.

According to sosovalue, the price of $BTC is 64,122 USD, a decrease of 0.209% from yesterday. The market cap of $BTC is 1.26 trillion USD, accounting for 51.5% of the total market cap; $BTC's 24-hour trading volume is 41.39 billion USD, making up 113% of the total trading volume.
The price of $ETH is 3,473.8 USD, down 0.684% from yesterday; the market cap of $ETH is 424.76 billion USD, representing 17.3% of the total market cap; $ETH's 24-hour trading volume is 21.65 billion USD, comprising 58.9% of the total trading volume.
The combined market capitalization of $BTC and $ETH accounts for 68.8% of the total cryptocurrency market cap, and their combined trading volumes constitute 171.9% 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 XMON. As of 17:55 today, its market cap is 1.55M, with a coin price of 613.40 USD, witnessing a 24-hour increase of 40.7%.
The second is Muse DAO. As of 17:55 today, its coin price is 12.890 USD, with a 24-hour increase of 35%.
The third is Pluton. As of 17:55 today, its coin price is 4.3200 USD, showing a 24-hour increase of 34.2%.
In fourth place is NexGami. As of 17:55 today, its coin price is 0.026100 USD, with a 24-hour rise of 28.9%.
In fifth place is TENET. As of 17:55 today, its coin price is 0.026340 USD, increasing by 27.2% 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, 1 is up and 15 are down. Notably, SocialFi, RWA, and AI sectors are worth mentioning.
SocialFi sector has risen 4.65% relative to the UTC 0 time, led by gains in 00 (12%), ton (5.64%), and poolx (2.27%).
RWA sector has decreased -4.05% relative to UTC 0, with pro (-6.06%), tru (-5.25%), and mkr (-5.13%) leading the drop.
AI sector has fallen -4.92%, with vxv (-10.4%), ali (-10.4%), and trac (-8.61%) 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: A user lost $11 million in crypto assets to a phishing attack by signing multiple Permit phishing signatures, resulting in the loss of aEthMKR and Pendle USDe tokens. The victim's address is 0xfb...accfa, and the scammer's address is 0x73...bb96. The victim, identified as a MakerDAO governance delegate by Arkham, fell victim to the scam 5 hours ago.
Next news: Bitcoin miners have sold over 30,000 $BTC, equivalent to $2 billion, since June, the fastest rate in over a year. The recent halving event has reduced miners' profits, prompting the sell-off. Miner $BTC holdings are at their lowest in 14 years.
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: 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.
Next news: HODL15Capital Twitter disclosed the top ten companies globally holding Bitcoin as of June 22, with BlackRock leading at 305,614 $BTC, followed by Grayscale at 277,067 $BTC, and MicroStrategy at 226,331 BTC.
Next news: A new address deposited 1069 $ETH to bid for 110 fat penguin NFTs at 8.8 $ETH each on BendDAO, potentially to address bad debts. The floor price of these NFTs surged by 31.2% to 9.196 $ETH from a previous low of 7 ETH.
Next news: Binance implements risk control measures to prevent 'airdrop hunters' from exploiting the Megadrop events, enhancing security and fairness. The platform emphasizes its commitment to maintaining fairness and plans to strengthen these measures in future Megadrop seasons.
Next news: Marathon Digital Holdings launches a 2 megawatt pilot project in Finland to use heat generated from Bitcoin mining to warm a community of 11,000 residents. The initiative aims to provide an eco-friendly regional heating solution by recycling heat from digital asset computing, offering an alternative to fossil fuels.

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.