SoSo Daily Jul 20

Let's turn our attention to today's overall Crypto market situation.
As of 5:59 PM Hong Kong time on July 20, 2024, according to sosovalue, the total market cap of the crypto market stands at 2.57 trillion US dollars, witnessing an increase of 1.32% compared to yesterday; the total trading volume is 72.39 billion US dollars, marking a decline of 24% from the previous day.

According to sosovalue, the price of $BTC is 67,376 USD, an increase of 0.93% from yesterday. The market cap of $BTC is 1.33 trillion USD, accounting for 51.7% of the total market cap; $BTC's 24-hour trading volume is 23.03 billion USD, making up 31.8% of the total trading volume.
The price of $ETH is 3,526 USD, up 0.725% from yesterday; the market cap of $ETH is 423.92 billion USD, representing 16.5% of the total market cap; $ETH's 24-hour trading volume is 10.96 billion USD, comprising 15.1% of the total trading volume.
The combined market capitalization of $BTC and $ETH accounts for 68.2% of the total cryptocurrency market cap, and their combined trading volumes constitute 46.9% 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, according to sosovalue, the top five gainers are:
Top 1 gainer is Open Exchange Token (OX). As of 17:55 today, its market cap is 39.83M, with a coin price of 0.0067 USD, witnessing a 24-hour increase of 76.2%.
The second is Alephium (ALPH). As of 17:55 today, its coin price is 2.1620 USD, with a 24-hour increase of 49.3%.
The third is Orca (ORCA). As of 17:55 today, its coin price is 2.2760 USD, showing a 24-hour increase of 45%.
In fourth place is Adappter (ADP). As of 17:55 today, its coin price is 0.0026190 USD, with a 24-hour rise of 33.8%.
In fifth place is Celsius Network (CEL). As of 17:55 today, its coin price is 0.34641 USD, increasing by 29.7% 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, Meme, RWA, and GameFi sectors are worth mentioning.
Meme sector has risen 5.19% relative to the UTC 0 time, led by gains in turbo (28.9%), polydoge (26.4%), and mew (25.8%).
RWA sector has increased 2.92% relative to UTC 0, with LMR (31.2%), mpl (18.8%), and PROPC (16.2%) leading the rise.
GameFi sector has risen 2.23%, with mv (28.6%), was (19%), and shill (13.2%) leading the rise.

Let's go through the Crypto news worth paying attention today according to sosovalue:
The first is:The popularity of plant-based meat substitutes is declining, impacting producers like Beyond Meat. Reporter Maria Clara Cobo from New York highlights the challenges faced by these producers due to reduced consumer demand. The report also touches on other companies such as Intrum, Hawaiian Electric, and CommScope.

Next news: Thousands of people in the Houston area are still without power more than a week after Hurricane Beryl, due to a shortage of workers at CenterPoint Energy and poor vegetation management around power lines. Experts, including grid-reliability consultants and academics, highlight these issues as major factors in the prolonged outage.

Next news: The cryptocurrency industry is hoping for a win by former President Donald Trump in the upcoming 2024 US presidential election, as they believe his administration would adopt a softer approach on enforcement. This change is anticipated to end the prolonged battles with the SEC, which has been aggressively pursuing the digital-asset space. Trump, despite previous criticisms of cryptocurrencies, has recently shown more favorable attitudes, including hosting a Bitcoin-focused fundraiser, signaling a potential shift in policy if he returns to office.

Next news: Venture capitalist Mark Stevens, an early investor in Nvidia Corp., has seen his fortune grow to approximately $9 billion due to the company's stock surge, largely driven by the AI boom. Stevens, who first invested in Nvidia in 1993 as a partner at Sequoia Capital, has witnessed the company survive multiple challenges over the decades. His involvement with the Golden State Warriors has also enhanced his public profile and financial success.

Next news: Central bank digital currencies (CBDCs), once seen as the future of global finance, face skepticism in the U.S. primarily due to opposition from Donald Trump and his Republican allies. Trump's support for cryptocurrencies contrasts with his rejection of a digital dollar, which he and industry executives criticize as a potential tool for state surveillance and a threat to the crypto industry by eliminating financial intermediaries.

Next news: Odaily Planet Daily News OKX market shows that the Meme coin sector is generally up, with PEPE up 5.4% in the past 24 hours, now trading at 0.00001213 USDT; WIF up 2.3% in the past 24 hours, now trading at 2.47 USDT; FLOKI up 6.9% in the past 24 hours, now trading at 0.0001896 USDT; MEW up 30.1% in the past 24 hours, now trading at 0.005019 USDT; TURBO up 42.8% in the past 24 hours, now trading at 0.006239 USDT; MEME up 5% in the past 24 hours, now trading at 0.01673 USDT.

Next news: Vitalik: A blockchain is a "truth machine" in the specific sense that it provides consensus approximate-truth over when messages were sent. This reduces the blockchain's attack surface by a lot, but it does mean we need other tools to actually do (or rather, assist with) the latter kind of truth-finding.

Next news: Weekly Project Updates: Worldcoin Extends Token Unlock Period, Scroll TVL Surpasses $1 Billion, Binance Launches Airdrop Portal for BANANA, etc


Next news: Telegram CEO Pavel Durov announced plans to support blockchain. This month it will introduce a mini app store and an in-app browser with support for Web3-pages, and will also step up our efforts to fight the crypto scammers. It will also allow organizations to use their mini apps to issue labels for channels, creating a decentralized marketplace for third-party verification.

Next news: Cryptocurrency exchange BitForex announced that it will reopen for users to withdraw assets, saying that the team was detained by the police in Jiangsu Province, China on February 23, 2024. About $56.5 million flowed out of BitForex's hot wallet on February 23, and withdrawals were stopped after that.


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.