Let's turn our attention to today's overall Crypto market situation.
As of 5:59 AM on July 14, 2024, according to sosovalue, the total market cap of the crypto market stands at 2.32 trillion US dollars, witnessing an increase of 3.26% compared to yesterday; the total trading volume is 58.58 billion US dollars, marking a decline of 10.5% from the previous day.
According to sosovalue, the price of $BTC is 60,262 USD, an increase of 3.76% from yesterday. The market cap of $BTC is 1.19 trillion USD, accounting for 51.2% of the total market cap; $BTC's 24-hour trading volume is 16.09 billion USD, making up 27.5% of the total trading volume.
The price of $ETH is 3,201 USD, up 2.15% from yesterday; the market cap of $ETH is 384.80 billion USD, representing 16.6% of the total market cap; $ETH's 24-hour trading volume is 8.81 billion USD, comprising 15% of the total trading volume.
The combined market capitalization of $BTC and $ETH accounts for 67.8% of the total cryptocurrency market cap, and their combined trading volumes constitute 42.5% 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 RabbitX (RBX). As of today, its market cap is 18.65M, with a coin price of 0.034770 USD, witnessing a 24-hour increase of 69.4%.
The second is sudoswap (SUDO). As of today, its coin price is 0.16532 USD, with a 24-hour increase of 57%.
The third is Tottenham Hotspur FC Fan Token (SPURS). As of today, its coin price is 2.6910 USD, showing a 24-hour increase of 42.3%.
In fourth place is Doland Tremp (TREMP). As of today, its coin price is 0.55280 USD, with a 24-hour rise of 38.8%.
In fifth place is MAGA (TRUMP). As of today, its coin price is 8.4100 USD, increasing by 35% 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, 16 are up and 0 are down. Notably, Meme, RWA, and $BTC sectors are worth mentioning.
Meme sector has risen 4.39% relative to the UTC 0 time, led by gains in TREMP (39.7%), MICHI (38.3%), and TRUMP (32.4%).
RWA sector has increased 4% relative to UTC 0, with MKR (7.73%), PROPC (6.76%), and CPOOL (5.16%) leading the rise.
$BTC sector has risen 3.77%, with $BTC (3.77%) leading the rise.
Let's go through the Crypto news worth paying attention today according to sosovalue:
The first is:During a rally speech, Trump was shot, injured but stable. This incident led to a 44% surge in TRUMP and a 32% surge in MAGA, both related to Trump, within half an hour.
Next news: Bitcoin is gaining after the shooting at a Donald Trump rally, leading to speculation the incident will increase his chances of winning the presidential election. The former president, who has positioned himself as pro-crypto, said he was shot in the right ear after gunfire erupted at his political rally in Pennsylvania on Saturday. His campaign said he was “fine” after the incident and looking forward to going to the Republican National Convention that begins on Monday in Milwaukee.
Next news: The German government has likely concluded its bitcoin selloff, as indicated by the emptying of its wallet. Over several days, Germany transferred thousands of bitcoins, totaling 3846.05 $BTC ($223.81 million), to various exchanges including Kraken, Bitstamp, and Coinbase, among others. This move is part of Germany's plan to sell the 50,000 bitcoins it seized earlier this year from a defunct film piracy site. The selloff has been controversial, with at least one lawmaker opposing the plan.
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: 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: According to Coinglass data, the total open interest nominal value of $BTC options is 16.46 billion US dollars, while the open interest nominal value of $ETH options is 5.69 billion US dollars.
Next news: Following a six-day streak of positive net inflows that began on July 5, U.S.-based spot bitcoin exchange-traded funds (ETFs) have reached a new record for cumulative total net inflows of $15.81 billion, according to SoSoValue. The funds added over $1 billion in assets under management during this period, with the most significant single-day inflow of $310 million occurring on the latest trading day, Friday. Leading the inflows was BlackRock's IBIT, followed by Fidelity's FBTC and other funds like Grayscale's GBTC, Bitwise's BITB, and Ark Invest's ARKB. Despite the record inflows, bitcoin's price has dropped approximately 17.5% from $71,500 to $58,900. The total trading volume on July 12 was $1.15 billion, lower than the $2.5 billion traded on June 7. The industry is also anticipating the launch of spot Ethereum ETFs after regulatory discussions.
Next news: According to Cryptoslate, Shiba Inu (SHIB)'s anonymous lead developers, Shytoshi Kusama and Kaal Dhairya, plan to transfer project control to the community by the end of the year and establish a dedicated committee to lead certain affairs.
Next news: Blockchain data analysis company Bitrace reported that the TRON network address TNVaKW of Cambodia's Huivong Group was frozen by Tether for over 29.62 million USDT on July 13th. This address is related to the collateral business activated by Huivong Group on July 9, 2024. Additionally, Huivong Group has activated a new business address, TQuFSv, and transferred 114.80 thousand USDC from the frozen address. Huivong Group's other collateral and payment-related addresses have not been frozen in the past six months. The freezing may be related to activities such as money laundering, aiding fraud, or theft of coins.
Next news: Arthur Hayes criticized Trump's sudden interest in cryptocurrency in his blog, suggesting that Trump's intentions are insincere. Hayes believes that Trump is trying to boost his election image by pleasing the young, politically active cryptocurrency community, but this attention is superficial. Once re-elected, Trump's interest in cryptocurrency may fade. Hayes points out that many cryptocurrency experts blindly donate to Trump's campaign, mistakenly thinking that this can prevent crackdowns on cryptocurrency.
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.