SoSo Daily Aug 13
Let's turn our attention to today's overall Crypto market situation.
As of 5:59 PM Hong Kong time on August 13, 2024, according to sosovalue, the total market cap of the crypto market stands at 2.25 trillion US dollars, witnessing an increase of 2.12% compared to yesterday; the total trading volume is 85.83 billion US dollars, marking a decline of 19.1% from the previous day.
According to sosovalue, the price of $BTC is 61,201 USD, an increase of 3.21% from yesterday. The market cap of $BTC is 1.21 trillion USD, accounting for 53.7% of the total market cap; $BTC's 24-hour trading volume is 29.56 billion USD, making up 34.4% of the total trading volume.
The price of $ETH is 2,713.7 USD, up 2.21% from yesterday; the market cap of $ETH is 326.38 billion USD, representing 14.5% of the total market cap; $ETH's 24-hour trading volume is 17.21 billion USD, comprising 20.1% 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 54.5% 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 (BOND). As of 17:55 today, its market cap is 20.89M, with a coin price of 2.1520 USD, witnessing a 24-hour increase of 44.4%.
The second is CANTO. As of 17:55 today, its coin price is 0.064411 USD, with a 24-hour increase of 36.4%.
The third is Chain Games (CHAIN). As of 17:55 today, its coin price is 0.039241 USD, showing a 24-hour increase of 32.1%.
In fourth place is Banana Gun (BANANA). As of 17:55 today, its coin price is 43.880 USD, with a 24-hour rise of 20.7%.
In fifth place is RSIC•GENESIS•RUNE (RUNECOIN). As of 17:55 today, its coin price is 0.0043900 USD, increasing by 19.9% 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, 16 are up and 0 are down. Notably, RWA, $BTC, and Layer2 sectors are worth mentioning.
RWA sector has risen 3.73% relative to the UTC 0 time, led by gains in MKR (8.77%), SMT (6.34%), and GFI (5.98%).
$BTC sector has increased 3.25% relative to UTC 0, with $BTC (3.25%) leading the rise.
Layer2 sector has risen 3.21%, with STX (12.1%), TIA (9.13%), and DYM (7.92%) 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 August 12th (Eastern Time), Bitcoin spot ETFs experienced a total net inflow of $27.87M.
Yesterday, Grayscale's ETF GBTC had a net outflow of $11.77M, bringing GBTC's total historical net outflow to $19.46B.
Grayscale Bitcoin Mini Trust ETF $BTC had a net inflow of $ 7.85M，bringing Grayscale Bitcoin Mini Trust ETF $BTC's total historical net inflow to $273.99M.
The Bitcoin spot ETF with the highest net inflow for the day was Ark Invest and 21Shares's ETF ARKB, with a daily net inflow of $35.40M, with ARKB's total historical net inflow reaching $2.45B.
Following that, BlackRock's ETF IBIT had a daily net inflow of $13.45M, with IBIT's total historical net inflow reaching $20.33B.
As of this writing, the total net asset value of Bitcoin spot ETFs stands at $53.75B, 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 $17.37B.
Source: https://sosovalue.com/assets/etf
Next news:Defunct cryptocurrency hedge fund Three Arrows Capital's (3AC) liquidators have sued Terraform Labs for $1.3 billion, for losses the fund suffered following the 2022 crash, Bloomberg reported on Monday.
Next news:During the Trump-Musk X Space interview, there was a significant expectation that Trump would mention digital assets, with bettors giving over a 60 percent chance. However, Bitcoin and other cryptocurrencies went unmentioned throughout the event.
Next news:Wu learned that, according to Arkham monitoring, a wallet that received 2.19 billion US dollars in Bitcoin from Mt. Gox (starting with bc1q26) has just initiated test transactions. This bc1q26 wallet may be the 5th (and final) exchange BitGo cooperating with Mt. Gox trustees to distribute funds to Mt. Gox creditors, indicating that distribution to creditors is imminent.
Next news:It is worth noting that at the end of March this year, the global user base of Bitget Wallet just exceeded 20 million, showing a rapid growth of 50% in just four months. The leading global Web3 wallet, Bitget Wallet, recently released its latest user data, with a global user base surpassing 30 million. This milestone represents a 150% increase compared to the 12 million users announced in August last year. In July, the global download volume of the Bitget Wallet App surpassed MetaMask. According to data from data.ai, in July, its cumulative downloads on the Apple App Store and Google Play Store reached 1.70 million, an increase of approximately 140% compared to June. Bitget Wallet has achieved significant success in its international expansion strategy this year, with remarkable progress in its presence and penetration in major international markets. Currently, Bitget Wallet's users are spread across 168 countries and regions globally, establishing a strong user base on all continents. In Asia, Bitget Wallet's growth momentum is significant. Since the beginning of this year, the download volumes in Japan, the Philippines, and Thailand have increased by about 20 times compared to the same period last year; furthermore, the user growth rates in countries such as India, Vietnam, and Singapore have exceeded 300%. The African market has become a new growth engine for Bitget Wallet, especially represented by Nigeria. Due to the surge in downloads and searches, the Bitget Wallet App has repeatedly topped the charts in the Nigerian App Store, surpassing popular local apps like TikTok, WhatsApp, Telegram, and YouTube, demonstrating its strong appeal in emerging markets. In regions such as Europe, North America, and Oceania, Bitget Wallet has also made breakthroughs. In this year's market expansion, market developments in Russia, Italy, Sweden, and Australia have been particularly outstanding, with user growth exceeding 40 times compared to the same period last year; at the same time, market growth in countries like France, Portugal, the UK, Turkey, and Canada has also reached double-digit growth rates.
Next news:Japan’s Metaplanet has increased its bitcoin holdings by purchasing an additional $3.3 million worth of bitcoin, bringing its total holdings to 303 BTC.
Next news:Wu learned that, according to Whale Alert monitoring, Tether Treasury minted 1 billion USDT on the Ethereum blockchain at 20:09 Beijing time today.
Next news:The U.S. Securities and Exchange Commission (SEC) has filed a lawsuit against NovaTech and eight of its promoters, accusing them of operating a $650 million cryptocurrency pyramid scheme. The charges include fraud and multiple violations of federal securities laws.
Next news:Odaily Planet Daily News: Elon Musk stated in a post on X that a large-scale DDOS attack seems to have occurred during the live broadcast. We are working hard to prevent it. In the worst case scenario, we will continue the interview with Trump, but only allow a small number of audience to participate and will release the conversation later.
Next news:Foresight News: SpaceX is set to launch Fram2 at the end of this year. This will be the first manned mission to fly to the Earth's polar regions. Four space explorers from six countries will be the first group to fly across the Earth's poles and witness the polar wilderness from space. The mission will orbit the Earth for 3 to 5 weeks, with mission commander Chun Wang, co-founder of f2pool and stakefish.
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.