Let's turn our attention to today's overall Crypto market situation.
As of 5:59 PM Hong Kong time on July 13, 2024, according to sosovalue, the total market cap of the crypto market stands at 2.28 trillion US dollars, witnessing an increase of 1.15% compared to yesterday; the total trading volume is 51.99 billion US dollars, marking a decline of 27.8% from the previous day.
According to sosovalue, the price of $BTC is 58,690 USD, an increase of 0.909% from yesterday. The market cap of $BTC is 1.16 trillion USD, accounting for 50.8% of the total market cap; $BTC's 24-hour trading volume is 14.35 billion USD, making up 27.6% of the total trading volume.
The price of $ETH is 3,156.3 USD, up 0.413% from yesterday; the market cap of $ETH is 379.43 billion USD, representing 16.7% of the total market cap; $ETH's 24-hour trading volume is 8.43 billion USD, comprising 16.2% of the total trading volume.
The combined market capitalization of $BTC and $ETH accounts for 67.5% of the total cryptocurrency market cap, and their combined trading volumes constitute 43.8% 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 RabbitX (RBX). As of 17:55 today, its market cap is 17.02M, with a coin price of 0.03172 USD, witnessing a 24-hour increase of 115%.
The second is Kava Lend (HARD). As of 17:55 today, its coin price is 0.13800 USD, with a 24-hour increase of 72.9%.
The third is IRISnet (IRIS). As of 17:55 today, its coin price is 0.01696 USD, showing a 24-hour increase of 40.7%.
In fourth place is sudoswap (SUDO). As of 17:55 today, its coin price is 0.13779 USD, with a 24-hour rise of 35.4%.
In fifth place is Tottenham Hotspur FC Fan Token (SPURS). As of 17:55 today, its coin price is 2.5360 USD, increasing by 34.3% 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, 15 are up and 1 is down. Notably, Payment and Meme sectors are worth mentioning.
Payment sector has risen 9.68% relative to the UTC 0 time, led by gains in XRP (15.3%), XLM (13.1%), and DASH (8.14%).
Meme sector has increased 2.23% relative to UTC 0, with MICHI (12.9%), GUMMY (8.82%), and POPCAT (8.05%) leading the rise.
Let's go through the Crypto news worth paying attention today according to sosovalue:
The first is:
According to SoSoValue, as of July 12th (Eastern Time), Bitcoin spot ETFs experienced a total net inflow of $310.21M.
Yesterday, Grayscale's ETF GBTC had a net inflow of $23.01M, bringing GBTC's total historical net outflow to $18.64B.
The Bitcoin spot ETF with the highest net inflow for the day was BlackRock's ETF IBIT, with a daily net inflow of $120.03M, with IBIT's total historical net inflow reaching $18.26B.
Following that, Fidelity's ETF FBTC had a daily net inflow of $115.14M, with FBTC's total historical net inflow reaching $9.72B.
As of this writing, the total net asset value of Bitcoin spot ETFs stands at $51.34B, with the ETF net asset ratio (the market value relative to the total market value of Bitcoin) reaching 4.52%. The historical cumulative net inflow has reached $15.81B.
Source: https://sosovalue.com/assets/etf
Next news: German Goverment transferred 752.166 $BTC to Flow Traders at 2:12 UTC+8 today and 3,094 $BTC to the suspected B2C2 Group. Currently, German Goverment has no $BTC positions, and all $BTC have been transferred to CEX or market makers.
Next news: MakerDAO announced that it will invest $1 billion in tokenized U.S. Treasury products through an open competition. BlackRock's BUIDL, Superstate and Ondo Finance are participating. The competition will open for applications on August 12. This marks a major adjustment to MakerDAO's reserve strategy.
Next news: FTX has reached a settlement agreement with the U.S. Commodity Futures Trading Commission (CFTC), with CFTC's $4 billion claim ranking behind all creditors and interests. FTX has filed a motion with the U.S. Bankruptcy Court in Delaware seeking approval of this agreement. According to the agreement, the funds paid to CFTC will be used to supplement the refund fund to compensate affected cryptocurrency holders. Additionally, CFTC will not have any further claims against FTX.
Next news: The police in Changzhi, Shanxi Province recently cracked down on a gang involved in money laundering using virtual currency, arresting a total of 11 suspects. These suspects are all locals in Changzhi who laundered money by buying virtual currency at low prices and selling it at high prices, with the amount involved exceeding 2 million yuan. The funds involved were transferred to multiple banks in Xi'an and Taiyuan for cash withdrawal. The police have conducted arrests in Xiaodian District of Taiyuan and Jingle County of Xinzhou, interrogated the members of the gang, and all suspects have been taken into criminal coercive measures. The case is currently under further investigation.
Next news: Billionaire Elon Musk has donated to a super political action committee working to elect Donald Trump to the White House, a major gambit by the world’s richest person to make his imprint on the US political landscape. Musk has contributed to a low-profile group called America PAC, according to people familiar with the matter, who requested anonymity to detail his plans. It’s unclear how much Musk has given, but the people characterized the figure as a sizable amount. The PAC is next required to disclose its list of donors on July 15.
Next news: An address associated with the Uniswap team/investor/advisor transferred 3.55 million UNI tokens to Coinbase Prime in the past 9 days, with a total value of approximately 29.82 million dollars. These tokens were initially obtained from Uniswap's token distribution contract in September 2020. Currently, the address still holds 5.45 million UNI tokens, worth around 44.24 million dollars.
Next news: The Blinks project SEND has released its token economics, which includes token airdrops for Blinks builders, Send it NFT holders, and top Solana community members, totaling 25%. Additionally, early SEND community supporters will receive 15% of the token allocation, initial liquidity accounts for 10%, core contributors account for 15%, and future grants and ecosystem development funds make up 35%.
Next news: According to sources and media reports on internal documents, OpenAI is developing a new artificial intelligence model, codenamed "Strawberry." This project, previously unreported, aims to enhance the model's advanced reasoning capabilities. Internal documents indicate that the Strawberry model will enable OpenAI's AI to conduct in-depth research and autonomously navigate the internet. Although an OpenAI spokesperson did not directly address the details of the Strawberry project, it was revealed that continuous research into new AI capabilities is common in the industry. Furthermore, the Strawberry project was originally named Q*, related to last year's event of the OpenAI CEO's dismissal, and may possess reasoning capabilities surpassing GPT-4.
Next news: The trial of Tornado Cash developer Roman Storm, originally scheduled for September, has been postponed by a U.S. judge to December 2. The trial is expected to last two weeks. The U.S. Department of Justice has accused Storm of continuing to control and operate Tornado Cash after May 2020, which is in violation of the law. Defense attorney Brian Klein argued that Storm has not been in control of the software since then. The judge stated that rulings on various motions will be made promptly.
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.