SoSo Daily Aug 15

Let's turn our attention to today's overall Crypto market situation.
As of 11:59 PM New York time on August 14, 2024, according to sosovalue, the total market cap of the crypto market stands at 2.18 trillion US dollars, witnessing a decrease of 2.01% compared to yesterday; the total trading volume is 84.19 billion US dollars, marking an increase of 1.84% from the previous day.

According to sosovalue, the price of $BTC is 58,716 USD, a decrease of 3.08% from yesterday. The market cap of $BTC is 1.16 trillion USD, accounting for 53.2% of the total market cap; $BTC's 24-hour trading volume is 28.22 billion USD, making up 33.5% of the total trading volume.
The price of $ETH is 2,662.8 USD, down 1.46% from yesterday; the market cap of $ETH is 320.27 billion USD, representing 14.7% of the total market cap; $ETH's 24-hour trading volume is 12.94 billion USD, comprising 15.4% of the total trading volume.
The combined market capitalization of $BTC and $ETH accounts for 67.9% of the total cryptocurrency market cap, and their combined trading volumes constitute 48.9% 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 Holograph Utility Token (HLG). As of 23:55 today, its market cap is 3.63M, with a coin price of 0.0023820 USD, witnessing a 24-hour increase of 48.7%.
The second is BarnBridge (BOND). As of 23:55 today, its coin price is 2.1520 USD, with a 24-hour increase of 44.4%.
The third is Metronome (MET). As of 23:55 today, its coin price is 0.42450 USD, showing a 24-hour increase of 31.5%.
In fourth place is QuarkChain (QKC). As of 23:55 today, its coin price is 0.011425 USD, with a 24-hour rise of 21.9%.
In fifth place is Stader (SD). As of 23:55 today, its coin price is 0.62600 USD, increasing by 20.3% 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, Meme, and GameFi sectors are worth mentioning.
SocialFi sector has risen 5.53% relative to the UTC 0 time, led by gains in TON (6.66%), BERRY (1.13%), and COS (1.06%).
Meme sector has decreased -3.37% relative to UTC 0, with TREMP (-15.3%), APU (-14.3%), and MUMU (-13.9%) leading the drop.
GameFi sector has fallen -3.54%, with FYN (-23.1%), FITFI (-15.2%), and HOOK (-12.2%) leading the decline.

Let's go through the Crypto news worth paying attention today according to sosovalue:
The first is:Sahara Labs, a crypto-AI startup, has raised $37 million in a strategic funding round co-led by Pantera Capital and Polychain Capital. The round also included investors like Binance Labs, Samsung Next, and others. This funding follows a $6 million seed round, bringing the total to $43 million. Sahara Labs, co-founded by Sean Ren and Tyler Zhou, is developing the Sahara AI platform aimed at democratizing AI through a decentralized blockchain approach. The platform will feature an AI-native blockchain, a marketplace for AI assets, and development tools to support collaborative AI development and deployment. Sahara AI also has partnerships for use cases in various sectors, including entertainment and automotive.
Next news:MetaMask has launched a new blockchain-based debit card in collaboration with Mastercard and Baanx. This innovative card enables MetaMask users to make purchases directly from their self-custodial crypto wallets, enhancing the usability of cryptocurrencies for everyday transactions.
Next news:Goldman Sachs has disclosed ownership of over $400 million in bitcoin ETFs, as revealed in a recent 13F filing.
Next news:

According to SoSoValue, as of August 13th (Eastern Time), Bitcoin spot ETFs experienced a total net inflow of $38.94M.

Yesterday, Grayscale's ETF GBTC had a net outflow of $28.65M, bringing GBTC's total historical net outflow to $19.49B.

Grayscale Bitcoin Mini Trust ETF $BTC had a net outflow of $ 0.00 ，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 BlackRock's ETF IBIT, with a daily net inflow of $34.55M, with IBIT's total historical net inflow reaching $20.36B.

Following that, Fidelity's ETF FBTC had a daily net inflow of $22.56M, with FBTC's total historical net inflow reaching $9.74B.

As of this writing, the total net asset value of Bitcoin spot ETFs stands at $55.34B, 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 $17.40B.

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

Next news:

Foresight News reported that according to Bitget market data, Bitcoin has dropped below 59000 USDT, currently trading at 58948 USDT, with a 1% decrease in the past 24 hours.

Next news:The U.S. announced that the seasonally adjusted core CPI monthly rate in July was 0.2%, which was expected to be 0.20% and the previous value was 0.10%. The U.S. unadjusted CPI annual rate in July was 2.9%, which was expected to be 3.0% and the previous value was 3.0%.
Next news:Australia’s securities watchdog sues ASX over alleged ‘misleading’ claims on paused blockchain project
Next news:Foresight News: According to Lookonchain monitoring, a whale incurred losses by selling 500 billion PEPE tokens (approximately $4 million) 15 minutes ago. The whale had accumulated 750.38 billion PEPE tokens (approximately $8.34 million) at a high price from Kraken and deposited 500 billion PEPE tokens (approximately $4 million) into Kraken 15 minutes ago, leaving 250.33 billion PEPE tokens (approximately $2.02 million). In this transaction, the whale incurred a loss of over $2.30 million on the PEPE tokens.
Next news:dYdX Chain to allow users to list ‘virtually unlimited’ markets in upcoming upgrade

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.