SoSo Daily Aug 21

Let's turn our attention to today's overall Crypto market situation.
As of 11:59 PM Hong Kong time on August 20, 2024, according to sosovalue, the total market cap of the crypto market stands at 2.19 trillion US dollars, witnessing a decrease of 0.815% compared to yesterday; the total trading volume is 83.28 billion US dollars, marking an increase of 13.5% from the previous day.

According to sosovalue, the price of $BTC is 59,021 USD, a decrease of 0.892% from yesterday. The market cap of $BTC is 1.17 trillion USD, accounting for 53.3% of the total market cap; $BTC's 24-hour trading volume is 31.19 billion USD, making up 37.4% of the total trading volume.
The price of $ETH is 2,573.4 USD, down 2.41% from yesterday; the market cap of $ETH is 309.55 billion USD, representing 14.2% of the total market cap; $ETH's 24-hour trading volume is 13.15 billion USD, comprising 15.8% of the total trading volume.
The combined market capitalization of $BTC and $ETH accounts for 67.5% of the total cryptocurrency market cap, and their combined trading volumes constitute 53.2% 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 23:55 Hong Kong time, according to sosovalue, the top five gainers are:
Top 1 gainer is Voxies. As of 23:55 today, its market cap is 41.85M, with a coin price of 0.22240 USD, witnessing a 24-hour increase of 60.8%.
The second is Sun Token. As of 23:55 today, its coin price is 0.016250 USD, with a 24-hour increase of 46.8%.
The third is BarnBridge. As of 23:55 today, its coin price is 2.1520 USD, showing a 24-hour increase of 44.4%.
In fourth place is Wall Street Memes. As of 23:55 today, its coin price is 0.0027860 USD, with a 24-hour rise of 37.1%.
In fifth place is League of Kingdoms. As of 23:55 today, its coin price is 0.18880 USD, increasing by 31.9% 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, 10 are up and 6 are down. Notably, Others, NFT, and $ETH sectors are worth mentioning.
Others sector has risen 3.5% relative to the UTC 0 time, led by gains in HTX (26.9%), nuls (21.5%), and abt (21%).
NFT sector has increased 3.02% relative to UTC 0, with coval (17%), nft (10.3%), and taboo (9.8%) leading the rise.
$ETH sector has fallen -2.41%, with $eth (-2.41%) leading the decline.

Let's go through the Crypto news worth paying attention today according to sosovalue:
The first is:The SEC has rejected filings for Solana ETFs, while the Mango Markets DAO has voted on a settlement proposal. Additionally, there are updates on spot bitcoin ETF flows and other related news.
Next news:Before Binance announced the launch of the BRETT future listing, an early BRETT holder: 0x85…528e transferred 19.29 million BRETTs to Bybit at 15:59 UTC+8, worth about $1.71 million. It spent 0.067 $ETH (about $178) on February 24 to purchase 96.946m BRETTs, and sold them in the past few months, earning tens of thousands of times the profit.
Next news:Wu learned that, according to Lookonchain monitoring, Tether Treasury has minted a total of 33 billion USDT in the past year, with 19 billion USDT minted on the Tron network and 14 billion USDT minted on the Ethereum mainnet.
Next news:Foresight News reported that the price of VOXEL surged following the news of Binance listing VOXELUSDT perpetual contract. According to Bitget market data, VOXEL broke through 0.25 USDT, currently trading at 0.25198 USDT, with a three-minute peak increase of 77% and a 24-hour increase of 67.26%.
Next news:

According to SoSoValue, as of August 19th (Eastern Time), Bitcoin spot ETFs experienced a total net inflow of $61.98M.

Yesterday, Grayscale's ETF GBTC had a net outflow of $0.00 , 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 BlackRock's ETF IBIT, with a daily net inflow of $92.68M, with IBIT's total historical net inflow reaching $20.48B.

Following that, Fidelity's ETF FBTC had a daily net inflow of $3.87M, with FBTC's total historical net inflow reaching $9.81B.

As of this writing, the total net asset value of Bitcoin spot ETFs stands at $53.77B, with the ETF net asset ratio (the market value relative to the total market value of Bitcoin) reaching 4.61%. The historical cumulative net inflow has reached $17.43B.

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

Next news:Foresight News: According to Lookonchain data, two whales collectively purchased $3.92 million worth of AAVE in the past 4 hours. The address '0x3737' previously profited over $28 million on PEPE. In the last 4 hours, this address spent 813 $ETH ($2.18 million) at an average price of $123 to buy 17,690 AAVE. The address '0x1D15' withdrew 13,717 AAVE ($1.73 million) from Binance an hour ago and currently holds 19,373 AAVE ($2.45 million).
Next news:State Street and Taurus have partnered to offer digital asset custody and tokenization services. This collaboration aims to enhance the infrastructure for managing and securing digital assets, reflecting the growing interest in cryptocurrency and blockchain technology in the financial sector.
Next news:Nigeria is set to introduce a licensing process for cryptocurrency operations, according to Bloomberg. The country's Securities and Exchange Commission (SEC) aims to issue its first licenses for digital service providers and tokenized assets as early as this month.
Next news:Curve founder Michael Egorov has published a proposal seeking funding for Swiss Stake AG, the company building Curve. Swiss Stake AG is seeking a grant of 21 million CRV (worth approximately $6.37 million). Currently, Swiss Stake AG directly or indirectly employs more than 25 individuals/entities to participate in Curve-related development and research.
Next news:Key Democratic patron Ron Conway departs from top crypto super PAC Fairshake, according to a recent report.

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.