SoSo Daily Aug 4
Let's turn our attention to today's overall Crypto market situation.
As of 11:59 PM Hong Kong time on August 3, 2024, according to sosovalue, the total market cap of the crypto market stands at 2.25 trillion US dollars, witnessing a decrease of 1.83% compared to yesterday; the total trading volume is 89.11 billion US dollars, marking a decline of 20% from the previous day.
According to sosovalue, the price of $BTC is 60,680 USD, a decrease of 1.33% from yesterday. The market cap of $BTC is 1.20 trillion USD, accounting for 53.2% of the total market cap; $BTC's 24-hour trading volume is 32.18 billion USD, making up 36.1% of the total trading volume.
The price of $ETH is 2,902.8 USD, down 2.9% from yesterday; the market cap of $ETH is 349.07 billion USD, representing 15.5% of the total market cap; $ETH's 24-hour trading volume is 17.98 billion USD, comprising 20.2% of the total trading volume.
The combined market capitalization of $BTC and $ETH accounts for 68.7% of the total cryptocurrency market cap, and their combined trading volumes constitute 56.3% 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 RealFevr. As of 23:55 today, its market cap is 448.90K, with a coin price of 0.000034460 USD, witnessing a 24-hour increase of 100%.
The second is BarnBridge. As of 23:55 today, its coin price is 2.1520 USD, with a 24-hour increase of 44.4%.
The third is Dora Factory. As of 23:55 today, its coin price is 0.086700 USD, showing a 24-hour increase of 31.8%.
In fourth place is Pixelverse. As of 23:55 today, its coin price is 0.024366 USD, with a 24-hour rise of 31.5%.
In fifth place is IRISnet. As of 23:55 today, its coin price is 0.017460 USD, increasing by 23.9% over the last 24 hours.
Sector Performance in the Crypto Market
According to the latest data, out of 16 sectors, 15 are down and only 1 is up. Notably, the GameFi, AI, and RWA sectors are worth mentioning.
The GameFi sector has fallen -5.22% relative to the UTC 0 time, led by declines in RIDE (-16.5%), FAR (-14.4%), and WAS (-13.4%).
The AI sector has decreased -5.61% relative to UTC 0, with NFP (-10.1%), CLORE (-9.18%), and VAI (-8.4%) leading the drop.
The RWA sector has fallen -5.97%, with PRCL (-12.9%), TRVL (-10.8%), and CPOOL (-10.7%) leading the decline.
Let's go through the Crypto news worth paying attention today according to sosovalue:
The first is:Ethereum spot ETF had a total net outflow of $54.2704 million on August 2, Grayscale ETF ETHE had a single-day outflow of $61.4314 million, Fidelity ETF FETH had a inflow of $6.0176 million, and Franklin ETF EZET had a inflow of $1.1433 million.
Next news:
According to SoSoValue, as of August 2th (Eastern Time), Bitcoin spot ETFs experienced a total net outflow of $237.45M.
Yesterday, Grayscale's ETF GBTC had a net outflow of $45.95M, bringing GBTC's total historical net outflow to $19.06B.
Grayscale Bitcoin Mini Trust ETF $BTC had a net inflow of $ 9.88M，bringing Grayscale Bitcoin Mini Trust ETF $BTC's total historical net inflow to $219.00M.
The Bitcoin spot ETF with the highest net inflow for the day was BlackRock's ETF IBIT, with a daily net inflow of $42.81M, with IBIT's total historical net inflow reaching $20.10B.
As of this writing, the total net asset value of Bitcoin spot ETFs stands at $57.20B, with the ETF net asset ratio (the market value relative to the total market value of Bitcoin) reaching 4.63%. The historical cumulative net inflow has reached $17.51B.
Source: https://sosovalue.com/assets/etf
Next news:Wu learned that, according to Lookonchain, a potential cluster sold 14.53 million WIF on-chain today around 5:15-6:30 UTC+8 through 5 wallets, worth approximately 24 million USD. The cluster purchased these WIF at a cost of only 5,340 USD on November 30, 2023, and achieved a return of 4,497 times.
Next news:In the past week, the prices of Bitcoin ($BTC) and Ethereum ($ETH) have dropped after the interest rate meeting, while the volatility and trading volume of these two cryptocurrencies have increased since the interest rate meeting on August 1st. The open interest of Bitcoin and Ethereum has both slightly increased. In addition, the implied volatility of Bitcoin and Ethereum has decreased simultaneously. The funding rate of Bitcoin has slightly rebounded from a low level, which may reflect that market participants' leverage sentiment towards Bitcoin is gradually warming up. Market breadth indicators show that most cryptocurrencies have fallen, indicating a continued downward trend in the entire market over the past week.
Next news:According to Reuters, David Plouffe will join the campaign team of US Democratic presidential candidate Harris. Plouffe has previously joined the Binance Global Advisory Board and served as a global strategic advisor to Alchemy Pay.
Next news:Wu learned that, according to @EmberCN, the Uniswap team/investors/advisors have been continuously transferring UNI to Coinbase Prime recently. Just 1 hour ago, they transferred 1.13 million UNI (approximately $7.47 million) to Coinbase Prime. In the last 30 days, this address has transferred a total of 8.30 million UNI (approximately $65.98 million) to Coinbase Prime, with an average transfer price of $7.95.
Next news:According to Cointelegraph, Ripple's XRP market report for the second quarter of 2024 revealed a significant decrease in transaction volume on the XRP Ledger (XRPL) despite a surge in average transaction costs. The report highlighted that in the second quarter of 2024, on-chain transaction activity on XRPL dropped by 65.6%, approximately 86.38 million transactions, compared to 251.39 million transactions in the first quarter of 2023.
Next news:Foresight News reports that according to Bitget market data, Ethereum has risen above 3000 USDT and is currently priced at 2997.68 USDT.
Next news:The dYdX Foundation announced that the dYdX community has voted to distribute 5 million US dollars worth of DYDX tokens to traders as part of the fifth season of the incentive program initiated by Chaos Labs. It is expected that these tokens will be allocated to 2700 accounts. The complete list of accounts and their proposed incentive amounts can be viewed on the proposal page.
Next news:Odaily Planet Daily News: U.S. Republican presidential candidate Trump stated that he has reached an agreement with Fox News to debate Vice President Harris on September 4. If she is "unwilling or unable" to attend on that day, he will hold a town hall meeting online. Trump, in a post on Truth Social, mentioned that the debate will take place in Pennsylvania, with the location to be determined. Trump was originally scheduled to debate President Biden at an event hosted by ABC News, and Harris has been urging Trump to still participate. In the post, Trump stated that the ABC debate "has been partially terminated as Biden is no longer running." (FX168)
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.