SoSo Daily Aug 22
Let's turn our attention to today's overall Crypto market situation.
As of 11:59 PM Hong Kong time on August 21, 2024, according to sosovalue, the total market cap of the crypto market stands at 2.24 trillion US dollars, witnessing an increase of 1.35% compared to yesterday; the total trading volume is 82.59 billion US dollars, marking a decline of 0.829% from the previous day.
According to sosovalue, the price of $BTC is 61,158 USD, an increase of 3.63% from yesterday. The market cap of $BTC is 1.21 trillion USD, accounting for 53.9% of the total market cap; $BTC's 24-hour trading volume is 26.76 billion USD, making up 32.4% of the total trading volume.
The price of $ETH is 2,630.7 USD, up 2.25% from yesterday; the market cap of $ETH is 316.45 billion USD, representing 14.1% of the total market cap; $ETH's 24-hour trading volume is 12.31 billion USD, comprising 14.9% 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 47.3% 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, according to sosovalue, the top five gainers are:
Top 1 gainer is Aventus. As of 23:55 today, its market cap is 27.93M, with a coin price of 3.0000 USD, witnessing a 24-hour increase of 85%.
The second is SERO. As of 23:55 today, its coin price is 0.010929 USD, with a 24-hour increase of 49.5%.
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 Rarible. As of 23:55 today, its coin price is 2.0570 USD, with a 24-hour rise of 31.7%.
In fifth place is WAGMI Games. As of 23:55 today, its coin price is 0.0000076050 USD, increasing by 30.8% 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, 15 are up and 1 is down. Notably, Layer2, DeFi, and AI sectors are worth mentioning.
Layer2 sector has risen 6.89% relative to the UTC 0 time, led by gains in RLY (19.8%), MATIC (13.8%), and STX (8.75%).
DeFi sector has increased 5.78% relative to UTC 0, with BOND (44.4%), QUICK (26.1%), and UX (23.2%) leading the rise.
AI sector has risen 3.78%, with NMR (13.7%), FET (10.2%), and PRE (6.61%) leading the rise.
Let's go through the Crypto news worth paying attention today according to sosovalue:
The first is:US spot bitcoin ETFs recorded $88.06 million in net inflows on Tuesday, marking the fourth consecutive day of positive flows. BlackRock’s IBIT led with $55.43 million, followed by Ark Invest and 21Shares’ ARKB with $51.91 million. Grayscale’s GBTC saw $12.81 million in net outflows. The total trading volume for the 12 ETFs was $1.35 billion on Tuesday. Meanwhile, nine spot ether ETFs experienced net outflows of $6.49 million, with Grayscale’s ETHE recording the largest loss of $36.99 million. The crypto market saw a decline, with bitcoin falling below $60,000 and ether dropping to $2,592.95.
Next news:Bitcoin Miner Bitfarms to Buy Rival Stronghold Digital for $175M in Stock, Debt
Next news:
1. ConsenSys Senior Legal Advisor: Binance and CZ Sued by Collective Plaintiffs in Seattle Federal Court
This is an intriguing class action lawsuit filed by top class action attorneys, accusing Binance of money laundering activities that have harmed consumers. Following the government's lawsuits and enforcement actions earlier this year, this civil lawsuit was expected and aims to profit from it. In simple terms, these plaintiffs and the American consumer groups they represent lost cryptocurrency in hacking and other theft incidents, which was then laundered through Binance. Binance was aware of this and to some extent encouraged this behavior as it is part of their profitable business model. The plaintiffs argue that this has harmed them as Binance is a crucial link in money laundering, constituting illegal extortion under the RICO Act, which could result in triple damages.
Next news:Polish national Roman Ziemian, co-founder of the digital currency trading platform FutureNet, has been arrested in Montenegro for allegedly defrauding users of approximately $21 million, as reported by multiple sources citing the country's police.
Next news:According to Arkham, Mt Gox transferred 1,264.7 $BTC to Bitstamp at 16:49 UTC+8 today, worth about $75.36 million. After the transfer, Mt. Gox now holds 34,164 $BTC (worth $2.03 billion).
Next news:On August 20, the total net outflow of Ethereum spot ETFs was $6.4867 million. Grayscale ETF ETHE had an outflow of $36.9906 million, BlackRock ETF ETHA had an inflow of $26.7749 million, and Bitwise ETF ETHW had an inflow of $3.7289 million.
Next news:BlackRock's Ethereum ETF, ETHA, has surpassed $1 billion in net inflows, making it the first Ethereum ETF to achieve this milestone. ETHA currently holds over $860 million in net assets, ranking only behind Grayscale's mini ether trust and Ethereum trust in terms of asset size. The net inflows of ETHA exceed the combined inflows of the next three highest ETFs.
Next news:Prometheum, a controversial crypto firm, is advancing its compliance strategy with the U.S. Securities and Exchange Commission by treating Uniswap and Arbitrum's tokens as securities. This move involves incorporating these tokens into its custody operation for crypto securities, despite differing opinions within the industry.
Next news:The number of institutional investors holding bitcoin ETFs rose 14% in the second quarter of the year to 1,100, according to a report by Bitwise.
Next news:Foresight News reported that, according to sources cited by TechCrunch, the developer of the on-chain IP protocol Story Protocol, PIP Labs, is currently valued at 2.25 billion dollars after the financing.
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.