Let's turn our attention to today's overall Crypto market situation.
As of 11:59 AM Hong Kong time on August 15, 2024, according to sosovalue, the total market cap of the crypto market stands at 2.17 trillion US dollars, witnessing a decrease of 3.87% compared to yesterday; the total trading volume is 87.06 billion US dollars, marking an increase of 7.74% from the previous day.
According to sosovalue, the price of $BTC is 58,745 USD, a decrease of 4.16% from yesterday. The market cap of $BTC is 1.16 trillion USD, accounting for 53.4% of the total market cap; $BTC's 24-hour trading volume is 31.66 billion USD, making up 36.4% of the total trading volume.
The price of $ETH is 2,637.9 USD, down 4.09% from yesterday; the market cap of $ETH is 317.27 billion USD, representing 14.6% of the total market cap; $ETH's 24-hour trading volume is 15.47 billion USD, comprising 17.8% of the total trading volume.
The combined market capitalization of $BTC and $ETH accounts for 68% of the total cryptocurrency market cap, and their combined trading volumes constitute 54.2% 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 12:00 Hong Kong time, according to sosovalue, the top five gainers are:
Top 1 gainer is BarnBridge (BOND). As of 11:55 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 sudoswap (SUDO). As of 11:55 today, its coin price is 0.11862 USD, with a 24-hour increase of 38.9%.
The third is Holograph Utility Token (HLG). As of 11:55 today, its coin price is 0.0022920 USD, showing a 24-hour increase of 32.8%.
In fourth place is DeFiChain (DFI). As of 11:55 today, its coin price is 0.033800 USD, with a 24-hour rise of 32.5%.
In fifth place is Dust Protocol (DUST). As of 11:55 today, its coin price is 0.26300 USD, increasing by 19% 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, all 16 are down. Notably, $BTC, AI, and SocialFi sectors are worth mentioning.
$BTC sector has fallen -4.15% relative to the UTC 0 time, led by declines in $btc (-4.15%).
AI sector has decreased -4.16% relative to UTC 0, with MASA (-13.6%), moov (-13.4%), and spec (-10.6%) leading the drop.
SocialFi sector has fallen -6.56%, with gft (-8.38%), push (-8.37%), and rss3 (-7.54%) leading the decline.
Let's go through the Crypto news worth paying attention today according to sosovalue:
The first is:Foresight News reports that according to Bitget market data, Bitcoin briefly fell below 58,000 USDT, reaching a low of 57,855 USDT, and is currently trading at 58,095 USDT, with a daily decline of 1.29%.
Next news:Spot bitcoin ETFs experienced a significant outflow of $81 million, marking the end of a two-day streak of positive inflows.
Next news:Foresight News: According to on-chain analyst @ai_9684xtpa, a whale transferred 500 billion PEPE tokens to Kraken 11 hours ago, resulting in a loss of approximately 1.53 million US dollars upon selling. Currently, the whale still holds 250.30 billion PEPE tokens, with an unrealized loss of about 780 thousand US dollars.
Next news:Senate Majority Leader Chuck Schumer expressed optimism that U.S. crypto legislation could be enacted this year. He made these remarks at an event where crypto insiders showed support for Vice President Kamala Harris as their preferred presidential candidate.
Next news: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:Binance has agreed to pay $1.7 million to the Brazilian Securities Commission to settle an investigation into its unauthorized derivatives offerings. The settlement comes after the commission rejected Binance's initial proposal in August 2023.
Next news:Foresight News: Bitcoin mining company Marathon Digital Holdings announced the completion of its issuance of 2.125% convertible senior notes due in 2031, with a total principal amount of $300 million. The company purchased 4,144 bitcoins for $249 million at an average price of $59,500 per bitcoin based on note proceeds between August 12 and August 14, 2024. Currently, they hold over 25,000 bitcoins.
Next news:Morgan Stanley has disclosed a significant investment of $187 million in BlackRock's spot Bitcoin ETF during the second quarter. Concurrently, the financial giant nearly liquidated its entire stake in Grayscale's Bitcoin Trust (GBTC), marking a notable shift in its cryptocurrency investment strategy.
Next news:The U.S. government has transferred $600 million worth of Bitcoin, originally seized from the Silk Road, to Coinbase Prime. This move does not necessarily indicate an intention to sell the cryptocurrency. Meanwhile, Bitcoin's price has been relatively stable at around $59,000, despite a brief drop from $61,000 earlier in the day, which occurred prior to the transaction.
Next news:Wu learned that according to Trader T's monitoring, hedge fund Millennium Management reduced its positions in spot Bitcoin ETFs in the second quarter: decreased by 14% in FBTC, currently holding 589 million USD; decreased by 48% in IBIT, currently holding 371 million USD; decreased by 52% in GBTC, currently holding 82 million USD; increased by 71% in BITB, currently holding 65 million USD; increased by 8837% in MSTR, currently holding 121 million USD.
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.