Let's turn our attention to today's overall Crypto market situation.
As of 12:39 PM on July 22, 2024, according to sosovalue, the total market cap of the crypto market stands at 2.58 trillion US dollars, witnessing an increase of 0.88% compared to yesterday; the total trading volume is 93.19 billion US dollars, marking an increase of 59% from the previous day.
According to sosovalue, the price of $BTC is 67,670 USD, an increase of 1.14% from yesterday. The market cap of $BTC is 1.34 trillion USD, accounting for 51.8% of the total market cap; $BTC's 24-hour trading volume is 31.62 billion USD, making up 33.9% of the total trading volume.
The price of $ETH is 3,505.4 USD, up 0.186% from yesterday; the market cap of $ETH is 421.44 billion USD, representing 16.3% of the total market cap; $ETH's 24-hour trading volume is 13.91 billion USD, comprising 14.9% of the total trading volume.
The combined market capitalization of $BTC and $ETH accounts for 68.1% of the total cryptocurrency market cap, and their combined trading volumes constitute 48.8% 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 12:35 Hong Kong time, according to sosovalue, the top five gainers are:
Top 1 gainer is BarnBridge (BOND). As of today, its market cap is 20.86M, with a coin price of 2.1520 USD, witnessing a 24-hour increase of 44.4%.
The second is cat in a dogs world (MEW). As of today, its coin price is 0.0080900 USD, with a 24-hour increase of 41.2%.
The third is Neon (NEON). As of today, its coin price is 0.72480 USD, showing a 24-hour increase of 40.2%.
In fourth place is MANEKI (MANEKI). As of today, its coin price is 0.010808 USD, with a 24-hour rise of 36.3%.
In fifth place is Ruby Protocol (RUBY). As of today, its coin price is 0.0033970 USD, increasing by 35.4% 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, 14 are up and 2 are down. Notably, Meme, Payment, and Layer1 sectors are worth mentioning.
Meme sector has risen 3.86% relative to the UTC 0 time, led by gains in mew (40.9%), maneki (31.7%), and mumu (29.5%).
Payment sector has increased 3.34% relative to UTC 0, with RUBY (40.1%), zpay (12%), and ecox (11.9%) leading the rise.
Layer1 sector has risen 2.38%, with avax (10.7%), azero (8.81%), and venom (8.6%) leading the rise.
Let's go through the Crypto news worth paying attention today according to sosovalue:
The first is:Cosmos' Keplr wallet is set to add Ethereum Virtual Machine (EVM) support, aiming to enhance its functionality as a multi-layer wallet solution. This integration will allow users to manage Ethereum-based assets directly within the Keplr interface, appealing to those active across both the Cosmos and Ethereum ecosystems. The move is part of Keplr's strategy to cater to the growing modular community, including users of various rollups that are typically EVM-based. The EVM support is expected to go live in beta soon, with technical implementations like EIP-6963 ensuring seamless multi-wallet usage.
Next news:MYX Finance has launched 'Project Origin Season 3: The Silurian Period' offering significant rewards including 5 million $MYX and $ZKP tokens. This season emphasizes stability and growth, featuring incentives like zero-slippage trading, low costs, and VIP rates. The campaign, starting on July 16th, includes various participation methods such as social media tasks and trading achievements. MYX Finance, supported by major investors and a $5 million seed funding, aims to enhance user experience and engagement through innovative mechanisms like the Matching Pool Mechanism (MPM).
Next news:Kaledora Fontana Kiernan-Linn, co-founder of Ostium, discusses the integration of perpetual swaps with real-world assets on The Scoop podcast. The episode highlights the evolution of digital asset trading and the technical challenges of creating perpetual-like instruments. It emphasizes the need for robust onchain data systems to support this integration.
Next news: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:Yesterday morning, the sudden announcement of the withdrawal of the US Democratic presidential candidate Biden on Twitter caused turbulence in the crypto market. In terms of options, the implied volatility has recently shown a trend of fluctuation and increase. Due to poor weekend liquidity, the IV volatility brought about by the latest news event appears more intense. Yesterday morning, the sudden announcement of the withdrawal of the US Democratic presidential candidate Biden on Twitter caused turbulence in the crypto market. $BTC briefly fell below 66,000 in the short term, then quickly regained all lost ground, and before the Asian market opened, it climbed below the $68,500 resistance level, showing a V-shaped reversal trend. Analysts have differing views on this event; some believe that Biden's withdrawal increases Trump's chances of winning. Considering Trump's statements indicating the possible use of Bitcoin as a strategic reserve asset and other pro-cryptocurrency remarks, this news has a positive impact on the coin price. On the other hand, some point out that since the riots on January 6th, the trust of the American people in Trump has also weakened. Trump's current competitor is now He Jinli. Although his chances of winning are still high, compared to the overwhelming gap with Biden, the threat of the new candidate is not insignificant. As the passion from the surviving shooting fades, Trump's prospects for victory seem to have become somewhat uncertain again. However, we can see that the impact of the direction of the US political situation this year on the coin price is gradually magnifying, and any further actions by the two parties may affect the short-term price trend. Source: TradingView On a macro level, this week will see the release of heavyweight indicators such as manufacturing/ services indices, GDP, PCE, etc. Considering the upcoming FOMC meeting next week, the data this week is crucial. Source: SignalPlus, Economic Calendar In terms of options, the implied volatility has recently shown a trend of fluctuation and increase. Due to poor weekend liquidity, the IV volatility brought about by the latest news event appears more intense. Insights from the term IV Curve can be gleaned to understand some market views. Regarding $BTC, the Bitcoin2024 conference scheduled for the 25th to 27th of this month has become a focal point of attention. Presidential candidate Trump will be the keynote speaker, and the market has priced in a high level of uncertainty, leading to a high Vol Premium for the expiry date 2AUG24 after the conference. As for $ETH, the spot ETF trading scheduled to start on July 23rd is eagerly anticipated by the community, with the front-end IV steadily rising to a high of 70%Vol. Source: Deribit (as of 2nd May 16:00 UTC+8) Source: SignalPlus Data Source: Deribit, $ETH trading overall distribution/26JUL24 trading distribution Data Source: Deribit, $BTC trading overall distribution Source: Deribit Block Trade Source: Deribit Block Trade You can search for SignalPlus in the Plugin Store of ChatGPT 4.0 to get real-time crypto information. If you want to receive our updates instantly, feel free to follow our Twitter account @SignalPlus_Web3, or join our WeChat group (add assistant WeChat: SignalPlus123), Telegram group, and Discord community to interact and exchange with more friends. SignalPlus Official Website: https://www.signalplus.com
Next news:According to Odaily Star Daily statistics, from July 15th to 21st, there were a total of 19 blockchain financing events with a total financing amount of approximately 82.55 million US dollars, an increase from the previous week. Among them, Allium Labs and Chainbase completed Series A financing of 16.50 million US dollars and 15.00 million US dollars respectively. Other significant financings include Mira's 9.00 million US dollars in seed funding, Caliza's 8.50 million US dollars in financing, and Zivoe's 8.35 million US dollars in a new round of financing. Additionally, several projects completed seed and Pre-Seed rounds of financing in the range of several million US dollars, involving multiple areas such as crypto payments, AI, and Web3 community platforms.
Next news:Foresight News reported that the Hong Kong Financial Services and the Treasury Bureau and the Monetary Authority recently released the "Consultation Conclusions - Legislative Proposals on the Regulation of Stablecoin Issuers in Hong Kong," incorporating two suggestions from CertiK aimed at enhancing risk management and user protection. The Financial Services and the Treasury Bureau and the Monetary Authority emphasized the importance of a sound regulatory environment in the "Consultation Conclusions" and plan to further refine the legislative proposal based on public feedback.
Next news:Foresight News reports that according to the Polkadot forum website, Web3 Foundation scientist Jonas has proposed reducing the inflation rate of Polkadot to 8%. Additionally, he suggested eliminating penalties for stakers when the staking rate does not match, simplifying the inflation system, and reducing unnecessary treasury income and system complexity.
Next news:Odaily Planet Daily summarized the airdrop projects that can be claimed from July 15th to July 21st, adding 3 new TON ecosystem free project airdrops. They also organized and introduced the interactive projects/tasks and important airdrop information added last week. Sanctum project announced the opening of airdrop claims on July 18th, with over 100,000 eligible addresses using a dynamic amount mechanism. Ola project announced the launch of a token airdrop query tool on July 17th, where eligible S1 users can receive 1% of Ola tokens. Pixelverse project revealed its airdrop plan on July 19th, with unclaimed tokens automatically transferred to the community incentive pool. ether.fi project announced that the airdrop claims for Season 2 will soon be open, and ether.fan NFT holders are eligible to receive ETHFI airdrops. TON ecosystem Meme airdrop summary, DUCKDUCK token and hamster token introduction. Owlto Finance announced the launch of a cross-chain activity, where the first 1000 participants can mint NFTs for free. CoinW launched a super airdrop event, with rewards including DOGE, PEPE, SATS, and more. Catizen plans to increase the airdrop share to 43%, Eigenpie will distribute some tokens to strategic angel investors, and Aevo will include Sharpe AI's native token SAI. The second season airdrop of Dmail will be distributed in late July.
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.