SoSo Daily Jul 26

Let's turn our attention to today's overall Crypto market situation.
As of 11:59 PM Hong Kong time on July 25, 2024, according to sosovalue, the total market cap of the crypto market stands at 2.46 trillion US dollars, witnessing a decrease of 0.835% compared to yesterday; the total trading volume is 112.33 billion US dollars, marking an increase of 35.3% from the previous day.

According to sosovalue, the price of $BTC is 65,800 USD, an increase of 0.648% from yesterday. The market cap of $BTC is 1.30 trillion USD, accounting for 52.8% of the total market cap; $BTC's 24-hour trading volume is 40.12 billion USD, making up 35.7% of the total trading volume.
The price of $ETH is 3,175.1 USD, down 4.82% from yesterday; the market cap of $ETH is 381.76 billion USD, representing 15.5% of the total market cap; $ETH's 24-hour trading volume is 26.35 billion USD, comprising 23.5% of the total trading volume.
The combined market capitalization of $BTC and $ETH accounts for 68.3% of the total cryptocurrency market cap, and their combined trading volumes constitute 59.2% 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 23:55 Hong Kong time, according to sosovalue, the top five gainers are:
Top 1 gainer is PowerPool Concentrated Voting Power (CVP). As of 23:55 today, its market cap is 15.51M, with a coin price of 0.47880 USD, witnessing a 24-hour increase of 108%.
The second is MUMU THE BULL (MUMU). As of 23:55 today, its coin price is 0.000061770 USD, with a 24-hour increase of 61.8%.
The third is BarnBridge (BOND). As of 23:55 today, its coin price is 2.1520 USD, showing a 24-hour increase of 44.4%.
In fourth place is IRISnet (IRIS). As of 23:55 today, its coin price is 0.017930 USD, with a 24-hour rise of 41%.
In fifth place is Kava Lend (HARD). As of 23:55 today, its coin price is 0.10870 USD, increasing by 25.7% 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, 1 is up and 15 are down. Notably, SocialFi, NFT, and $ETH sectors are worth mentioning.
SocialFi sector has fallen -3.13% relative to the UTC 0 time, led by declines in moon (-26.1%), pts (-26%), and push (-6.68%).
NFT sector has decreased -3.38% relative to UTC 0, with mplx (-14.1%), boson (-10.8%), and rmrk (-10.7%) leading the drop.
$ETH sector has fallen -4.81%, with $eth (-4.81%) leading the decline.

Let's go through the Crypto news worth paying attention today according to sosovalue:
The first is:Most Ether ETFs were in the green during the Wednesday U.S. trading session, but Grayscale's converted Ethereum Trust ETF posted a net outflow of over $800 million.
Next news:

According to SoSoValue, as of July 24th (Eastern Time), Bitcoin spot ETFs experienced a total net inflow of $44.51M.

Yesterday, Grayscale's ETF GBTC had a net outflow of $26.22M, bringing GBTC's total historical net outflow to $18.75B.

The Bitcoin spot ETF with the highest net inflow for the day was BlackRock's ETF IBIT, with a daily net inflow of $65.99M, with IBIT's total historical net inflow reaching $19.63B.

Following that, Ark Invest and 21Shares's ETF ARKB had a daily net inflow of $3.29M, with ARKB's total historical net inflow reaching $2.60B.

As of this writing, the total net asset value of Bitcoin spot ETFs stands at $60.11B, 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 $17.50B.

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

Next news:Coinbase's CBPL Fined $4.5M by UK Regulator for Lapses in Onboarding Controls

Despite the restrictions in place, CBPL onboarded and/or provided e-money services to 13,416 high-risk customers, the Financial Conduct Authority said.
Next news:Michael Novogratz's Galaxy Asset Management has successfully raised $113 million for its new venture fund, Galaxy Ventures, aimed at investing in early-stage companies in the crypto sector. The fund, which began fundraising in the second quarter of this year, targets a final goal of $150 million and has attracted interest from institutional allocators, family offices, and high-net-worth individuals. Galaxy Ventures plans to build a portfolio of around 30 investments in companies innovating in digital assets, led by General Partners Will Nuelle and Mike Giampapa. The fund's strategy focuses on supporting advancements in global payments, financial market access, and foundational infrastructure for the financial internet-of-value.
Next news:Foresight News: According to Bitget market data, Bitcoin has dropped below 64000 USDT, currently trading at 63988 USDT, with a 2.5% intraday decline.
Next news:On Wednesday, Ark Invest sold 118,209 shares of ARKB spot Bitcoin ETF through its ARKW, worth $7.76 million. This is the first time the company has sold ARKB shares since launching the spot Bitcoin ETF in January this year. According to the company's latest disclosure, ARKB is the largest holding in its ARKW ETF, with a weight of 10.98% as of July 24, higher than Tesla, Roku, and Coinbase stocks (with weights of 9.5%, 8.48%, and 8.23% respectively).
Next news:India has seen as many as 92 cases since 2020 till April 2024 involving dark net and cryptocurrencies to purchase drugs, the nation's junior Home Minister Nityanand Rai said to parliament on Wednesday.
Next news:Foresight News reported that according to Coinglass data, the entire network liquidated $112 million in the past hour, with long positions liquidated $108 million and short positions liquidated $4 million. Among them, Ethereum liquidated $38.38 million, and Bitcoin liquidated $31.89 million.
Next news:Foresight News: According to Bitget market data, Ethereum has dropped below 3200 USDT, currently trading at 3198.66 USDT, with a daily decline of 4.14%.
Next news:Foresight News: According to Arkham data, approximately 14 minutes ago, Grayscale transferred 97,227 $ETH worth around 306 million USD to the Coinbase Prime address. Additionally, Grayscale also moved 1,400 $BTC (valued at around 89.90 million USD) to 2 unknown addresses.

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.