SoSo Daily Jun 24

Let's turn our attention to today's overall Crypto market situation.
As of 11:59 PM Hong Kong time on June 23, 2024, according to sosovalue, the total market cap of the crypto market stands at 2.42 trillion US dollars, witnessing a decrease of 1.91% compared to yesterday; the total trading volume is 42.43 billion US dollars, marking an increase of 9.32% from the previous day.

According to sosovalue, the price of $BTC is 63,198 USD, a decrease of 1.66% from yesterday. The market cap of $BTC is 1.25 trillion USD, accounting for 51.5% of the total market cap; $BTC's 24-hour trading volume is 41.39 billion USD, making up 97.6% of the total trading volume.
The price of $ETH is 3,420.7 USD, down 2.15% from yesterday; the market cap of $ETH is 418.27 billion USD, representing 17.3% of the total market cap; $ETH's 24-hour trading volume is 21.65 billion USD, comprising 51% 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 148.6% 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 23:55 Hong Kong time, according to sosovalue, the top five gainers are:
Top 1 gainer is Autonolas. As of 23:55 today, its market cap is 68.63M, with a coin price of 1.6532 USD, witnessing a 24-hour increase of 107%.
The second is XMON. As of 23:55 today, its coin price is 651.00 USD, with a 24-hour increase of 46.5%.
The third is TENET. As of 23:55 today, its coin price is 0.026900 USD, showing a 24-hour increase of 33.7%.
In fourth place is Pluton. As of 23:55 today, its coin price is 4.3200 USD, with a 24-hour rise of 29%.
In fifth place is NexGami. As of 23:55 today, its coin price is 0.026100 USD, increasing by 28.9% over the last 24 hours.

Let's go through the Crypto news worth paying attention today according to sosovalue:
The first is:CoinStats, a cryptocurrency portfolio manager, faced a security breach impacting 1,590 crypto wallets. The company suspended user activity temporarily and assured that the breach was contained. Only 1.3% of wallets were affected, with connected wallets and CEXes unaffected. Affected users were advised to transfer funds from the compromised wallets. This incident aligns with a series of recent security breaches in the crypto industry.
Next news: Binance assists BtcTurk in investigating a cyber attack, freezing over $5.3 million in stolen funds. BtcTurk suspended cryptocurrency deposits and withdrawals due to the incident. Binance's security teams are actively involved in the investigation and will provide updates as needed.
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: Dogecoin's price has experienced a recent breakout from a descending triangle pattern, signaling a bearish sentiment. Factors such as a negative funding rate, a transfer of DOGE to Robinhood, and a strong correlation with Bitcoin influence its market outlook. Despite price pressure and reduced market demand, Futures traders remain bullish, with support at $0.12 and resistance at $0.17 in a horizontal channel established since April 13.
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’s General Counsel Eleanor Hughes faces substantial legal hurdles involving disputes with Nigerian officials and intense scrutiny from US authorities. The company recently reached a pivotal plea agreement with the Justice Department and US regulators, leading to a $4.3 billion fine and the incarceration of co-founder Changpeng “CZ” Zhao for enabling illicit activities on the platform.
Next news: Bitcoin ETFs have seen six days of outflows, impacting Fidelity Wise Origin Bitcoin Fund and Grayscale Bitcoin Trust. BlackRock's IBTC ETF, however, remains stable with no outflows, indicating investor confidence. BlackRock has increased its Bitcoin holdings significantly, potentially affecting market dynamics. Bitcoin's price is below $70,000, with uncertain future trends.

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.