SoSo Daily Jul 22

Let's turn our attention to today's overall Crypto market situation.
As of 5:59 PM Hong Kong time on July 22, 2024, according to sosovalue, the total market cap of the crypto market stands at 2.57 trillion US dollars, witnessing a decrease of 0.522% compared to yesterday; the total trading volume is 116.19 billion US dollars, marking an increase of 94.8% from the previous day.

According to sosovalue, the price of $BTC is 67,467 USD, an increase of 1.23% from yesterday. The market cap of $BTC is 1.33 trillion USD, accounting for 51.8% of the total market cap; $BTC's 24-hour trading volume is 47.55 billion USD, making up 40.9% of the total trading volume.
The price of $ETH is 3,470 USD, up 0.0404% from yesterday; the market cap of $ETH is 417.20 billion USD, representing 16.2% of the total market cap; $ETH's 24-hour trading volume is 20.76 billion USD, comprising 17.9% of the total trading volume.
The combined market capitalization of $BTC and $ETH accounts for 68% of the total cryptocurrency market cap, and their combined trading volumes constitute 58.8% 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 BarnBridge. As of 17:55 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 Lunr. As of 17:55 today, its coin price is 0.075460 USD, with a 24-hour increase of 39.9%.
The third is Bitcoin Cats. As of 17:55 today, its coin price is 0.0034270 USD, showing a 24-hour increase of 29.8%.
In fourth place is MANEKI. As of 17:55 today, its coin price is 0.011531 USD, with a 24-hour rise of 29.1%.
In fifth place is Ruby Protocol. As of 17:55 today, its coin price is 0.0032840 USD, increasing by 26.2% 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, 10 are up and 6 are down. Notably, Meme and Payment sectors are worth mentioning.
Meme sector has risen 5.01% relative to the UTC 0 time, led by gains in MANEKI (32.1%), MUMU (25.2%), and MEW (23.7%).
Payment sector has increased 3.4% relative to UTC 0, with RUBY (31.4%), ECOX (13.9%), and ZPAY (12%) 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 19th (Eastern Time), Bitcoin spot ETFs experienced a total net inflow of $427.21M.

Yesterday, Grayscale's ETF GBTC had a net inflow of $20.28M, bringing GBTC's total historical net outflow to $18.69B.

The Bitcoin spot ETF with the highest net inflow for the day was Fidelity's ETF FBTC, with a daily net inflow of $141.02M, with FBTC's total historical net inflow reaching $9.96B.

Following that, BlackRock's ETF IBIT had a daily net inflow of $116.20M, with IBIT's total historical net inflow reaching $18.97B.

As of this writing, the total net asset value of Bitcoin spot ETFs stands at $60.93B, with the ETF net asset ratio (the market value relative to the total market value of Bitcoin) reaching 4.61%. The historical cumulative net inflow has reached $17.05B.

Source: https://sosovalue.com/assets/etf

Next news: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:JUST IN: 🇺🇸 CNBC discusses the possibility of the US Government holding #Bitcoin as a reserve currency. https://t.co/7GKt4VXBVs

Next news:The cryptocurrency exchange Gate announced that it will stop providing services in Japan and will stop opening new accounts for Japanese residents from July 22, 2024. It has launched a legal compliance program in Japan to support customers in migrating transactions to crypto asset trading providers that comply with Japanese regulations.
Next news:Foresight News reported that ZK Rollup Zircuit, compatible with EVM, announced the completion of a new round of financing. The specific investment amount was not disclosed. Investors include Binance Labs, Mirana Ventures, Amber Group, Selini, Robot Ventures, Nomad Capital, Borderless Capital, as well as angel investors from Renzo, ether.fi, Pendle, Parallel, LayerZero, Axelar, F2Pool, Nonce, KelpDAO, ETHGlobal, Maelstrom, and other companies. The mainnet of Zircuit's first phase will launch in the coming weeks.
Next news:Foresight News reported that the ether.fi Foundation has announced the updated ownership claim period for the 2nd quarter of ETHFI. The next token claim will start at 8:01 on July 25th, Beijing time.

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.