SoSo Daily Aug 17

Let's turn our attention to today's overall Crypto market situation.
As of 6 PM Hong Kong time on August 17, 2024, according to sosovalue, the total market cap of the crypto market stands at 2.18 trillion US dollars, witnessing an increase of 0.634% compared to yesterday; the total trading volume is 50.58 billion US dollars, marking a decline of 45.2% from the previous day.

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. 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 Lista DAO. As of 17:55 today, its coin price is 0.43100 USD, with a 24-hour increase of 34.8%.
The third is SuperRare. As of 17:55 today, its coin price is 0.19700 USD, showing a 24-hour increase of 28.1%.
In fourth place is OKT Chain. As of 17:55 today, its coin price is 7.5600 USD, with a 24-hour rise of 25.6%.
In fifth place is BounceBit. As of 17:55 today, its coin price is 0.32180 USD, increasing by 24.2% 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, 14 are up and 2 are down. Notably, NFT and CeFi sectors are worth mentioning.
NFT sector has risen 4.49% relative to the UTC 0 time, led by gains in rare (38.5%), blur (10.5%), and TNSR (6.9%).
CeFi sector has increased 2.92% relative to UTC 0, with yld (14.5%), ht (11.3%), and wrx (4.57%) 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 16th (Eastern Time), Bitcoin spot ETFs experienced a total net inflow of $36.02M.

Yesterday, Grayscale's ETF GBTC had a net outflow of $72.90M, bringing GBTC's total historical net outflow to $19.65B.

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 $287.65M.

The Bitcoin spot ETF with the highest net inflow for the day was Fidelity's ETF FBTC, with a daily net inflow of $61.35M, with FBTC's total historical net inflow reaching $9.80B.

Following that, BlackRock's ETF IBIT had a daily net inflow of $20.39M, with IBIT's total historical net inflow reaching $20.39B.

As of this writing, the total net asset value of Bitcoin spot ETFs stands at $54.35B, with the ETF net asset ratio (the market value relative to the total market value of Bitcoin) reaching 4.65%. The historical cumulative net inflow has reached $17.37B.

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

Next news:Franklin Templeton has filed an S-1 registration with the SEC for a new 'Crypto Index ETF' that will include holdings in Bitcoin ($BTC) and Ethereum ($ETH). This move follows a similar step taken by Hashdex, indicating a growing interest in cryptocurrency investments among traditional investment firms.
Next news:Foresight News: According to on-chain analyst Yu Jin, the 36.78 million BLUR tokens (equivalent to $5.64 million) unlocked yesterday were transferred to Coinbase Prime 3 hours ago.
Next news:Foresight News reports that according to Etherscan data, the current gas fee on the Ethereum network has dropped below 1 gwei, currently at 0.83 gwei.
Next news:Wu learned that, according to Arkham monitoring data, the asset management company Metalpha, marked as Gnosis Safe Proxy, transferred 10 thousand $ETH to Binance approximately two hours ago, worth about 26.02 million US dollars. Yesterday, the asset management company Metalpha applied to redeem 10 thousand $ETH from Lido.
Next news:Spot Ethereum ETFs have recorded $24 million in net inflows, while Grayscale’s Ethereum Trust (ETHE) has experienced a shift back to negative flows.
Next news:Foresight News: According to The Data Nerd's monitoring, 5 hours ago, an Ethereum address holding 6 years deposited 1039 $ETH into Binance, worth approximately 2.70 million US dollars.
Next news:Foresight News: According to Ember Monitor, Huang Licheng continued to buy BLAST after the market crash on August 5th: he has spent a total of 1379 $ETH to buy 330 million BLAST in the past 12 days (worth 3.58 million USD), reclaiming the top spot on the BLAST leaderboard.
Next news:Wu learned that QCP Capital's latest report pointed out that the market has shown resilience to various 'supply shocks' news regarding $BTC and $ETH this week, especially after Jump's unstaking and selling of $ETH, the market still rose, maintaining a constructive and optimistic outlook for the year-end. QCP Capital made the following comments on the market this week: the current market macro sentiment has improved, the slowdown in U.S. inflation has boosted market confidence, leading the stock market to return to historical highs. Continued interest rate cuts by major central banks such as the Reserve Bank of New Zealand have strengthened the global monetary easing trend; the market remains concerned about the selling pressure that the U.S. government's address may bring, as the U.S. government transferred 10,000 $BTC (approximately $591 million) related to the Silk Road enforcement action to a Coinbase wallet. Although the sale has not been confirmed, the market remains cautious about the remaining 203.20 thousand $BTC and other crypto assets in the wallet; Musk did not discuss cryptocurrencies at all during his 2-hour interview with Trump, which disappointed the market.
Next news:

Foresight News reported that Babylon announced on Twitter that the first phase of the Bitcoin staking mainnet will be launched next week, allowing Bitcoin holders to start locking $BTC for staking.

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.