SoSo Daily Aug 10

Let's turn our attention to today's overall Crypto market situation.
As of 11:59 AM on August 10, 2024, according to sosovalue, the total market cap of the crypto market stands at 2.23 trillion US dollars, witnessing an increase of 0.428% compared to yesterday; the total trading volume is 92.69 billion US dollars, marking a decline of 30.9% from the previous day.

According to sosovalue, the price of $BTC is 60,914 USD, an increase of 0.427% from yesterday. The market cap of $BTC is 1.20 trillion USD, accounting for 54% of the total market cap; $BTC's 24-hour trading volume is 22.94 billion USD, making up 24.7% of the total trading volume.
The price of $ETH is 2,636.5 USD, up 0.0588% from yesterday; the market cap of $ETH is 317.07 billion USD, representing 14.2% of the total market cap; $ETH's 24-hour trading volume is 14.29 billion USD, comprising 15.4% 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 40.1% 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 12:00 Hong Kong time, according to sosovalue, the top five gainers are:
Top 1 gainer is Lifeform. As of 11:55 today, its market cap is 4.22M, with a coin price of 0.035180 USD, witnessing a 24-hour increase of 53.7%.
The second is BarnBridge. As of 11:55 today, its coin price is 2.1520 USD, with a 24-hour increase of 44.4%.
The third is Kujira. As of 11:55 today, its coin price is 0.53910 USD, showing a 24-hour increase of 41.9%.
In fourth place is Chain Games. As of 11:55 today, its coin price is 0.026929 USD, with a 24-hour rise of 37.5%.
In fifth place is Agility. As of 11:55 today, its coin price is 0.0016940 USD, increasing by 34.4% 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, 15 are up and 1 is down. Notably, the SocialFi sector is worth mentioning.
The SocialFi sector has risen 4.12% relative to the UTC 0 time, led by gains in SUIA (8.31% change), pts (7.98% change), and rss3 (7.02% change).

Let's go through the Crypto news worth paying attention today according to sosovalue:
The first is:Foresight News: According to Bitget market data, Bitcoin has dropped below 50000 USDT, currently trading at 49974.90 USDT, with a daily decline of 14.20%.
Next news:Odaily Planet Daily News: According to OKX market data, $BTC has dropped below 61000 USDT, currently trading at 60995 USDT, with a 24-hour decrease of 6.12%.
Next news:Wu learned that according to SoSoValue data, the total net outflow of Ethereum spot ETF yesterday (August 9th, US Eastern Time) was 15.71 million US dollars. The Grayscale Ethereum Trust ETF ETHE had a net outflow of 41.68 million US dollars in a single day. The Grayscale Ethereum Mini Trust ETF $ETH had a net inflow of 2.44 million US dollars in a single day. The Ethereum spot ETF with the highest net inflow yesterday was BlackRock ETF ETHA, with a daily net inflow of 19.64 million US dollars. Following that was Fidelity ETF FETH, with a daily net inflow of 3.89 million US dollars.
Next news:

According to SoSoValue, as of August 9th (Eastern Time), Bitcoin spot ETFs experienced a total net outflow of $89.73M.

Yesterday, Grayscale's ETF GBTC had a net outflow of $77.00M, bringing GBTC's total historical net outflow to $19.45B.

Grayscale Bitcoin Mini Trust ETF $BTC had a net inflow of $ 15.61M，bringing Grayscale Bitcoin Mini Trust ETF $BTC's total historical net inflow to $266.13M.

Following that, BlackRock's ETF IBIT had a daily net inflow of $9.65M, with IBIT's total historical net inflow reaching $20.32B.

As of this writing, the total net asset value of Bitcoin spot ETFs stands at $55.11B, with the ETF net asset ratio (the market value relative to the total market value of Bitcoin) reaching 4.6%. The historical cumulative net inflow has reached $17.34B.

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

Next news:The U.S. Securities and Exchange Commission (SEC) has delayed its decision on the proposed exchange-traded fund (ETF) by Hashdex that would hold bitcoin and ether. This postponement adds to the ongoing uncertainty in the cryptocurrency market regarding regulatory approvals.
Next news:Ripple has initiated testing of its new stablecoin, RLUSD, on both the XRP Ledger and Ethereum platforms.
Next news:Foresight News: According to on-chain data analyst @ai_9684xtpa, in the past 18 hours, the $ETH whale vladilena.eth has staked a total of 11,060 $ETH, worth 28.55 million US dollars, on ether.fi. Subsequently, the address purchased 9,212 weETH PT, expiring on December 26, 2024, worth 23.37 million US dollars. Previously, this whale received an airdrop of 21,792 ETHFI (approximately 10.8 million US dollars).
Next news:Over the past year, the U.S. Securities and Exchange Commission (SEC) has subpoenaed at least three venture capital firms, seeking details on any token deals they have conducted, as reported by DL News. The subpoenas are part of a broader SEC crackdown on the crypto industry, which has included charges against major crypto exchanges like Binance, Coinbase, and Kraken following the FTX collapse in late 2022. SEC Chair Gary Gensler emphasizes that most cryptocurrencies are securities, urging firms to register. Meanwhile, the crypto industry seeks clearer regulations, and lawmakers are working on a federal framework. Additionally, other regulators have expressed concerns about the venture capital's due diligence practices in the crypto sector, highlighting a 'trust deficit' and potential oversight failures in the wake of the FTX scandal.
Next news:The U.S. Securities and Exchange Commission (SEC) has reached a settlement with Ideanomics regarding a $40 million cryptocurrency revenue fraud financial report. The SEC accused Ideanomics of overstating revenue by over $40 million in 2019 through false accounting reports related to cryptocurrency transactions. These false reports led to an overvaluation of financial statements, deceiving shareholders and the public, creating a misunderstanding of the company's financial condition. All parties involved agreed to the settlement, with Ideanomics' former Chairman and CEO, Bruno Wu, agreeing to pay over $3.30 million in ill-gotten gains, prejudgment interest, and a $200,000 penalty. Ideanomics agreed to pay a $1.40 million fine and will hire an independent compliance advisor to review and strengthen its internal accounting controls. (Cointelegraph)
Next news:According to Arkham monitoring, Grayscale has transferred 7706 $ETH to the Coinbase Prime address.

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.