SoSo Daily Aug 22

Let's turn our attention to today's overall Crypto market situation.
As of 5:59 AM on August 22, 2024, according to sosovalue, the total market cap of the crypto market stands at 2.23 trillion US dollars, witnessing an increase of 0.878% compared to yesterday; the total trading volume is 86.44 billion US dollars, marking an increase of 15.5% from the previous day.

According to sosovalue, the price of $BTC is 60,705 USD, an increase of 2.23% from yesterday. The market cap of $BTC is 1.20 trillion USD, accounting for 53.7% of the total market cap; $BTC's 24-hour trading volume is 35.69 billion USD, making up 41.3% of the total trading volume.
The price of $ETH is 2,619.8 USD, up 1.04% from yesterday; the market cap of $ETH is 315.14 billion USD, representing 14.1% of the total market cap; $ETH's 24-hour trading volume is 12.65 billion USD, comprising 14.6% of the total trading volume.
The combined market capitalization of $BTC and $ETH accounts for 67.8% of the total cryptocurrency market cap, and their combined trading volumes constitute 55.9% 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 05:55 Hong Kong time, according to sosovalue, the top five gainers are:
Top 1 gainer is Ruby Protocol. As of 05:55 today, its market cap is 122.99K, with a coin price of 0.0014700 USD, witnessing a 24-hour increase of 56.4%.
The second is WAGMI Games. As of 05:55 today, its coin price is 0.0000089990 USD, with a 24-hour increase of 54.1%.
The third is Aventus. As of 05:55 today, its coin price is 2.4000 USD, showing a 24-hour increase of 44.5%.
In fourth place is BarnBridge. As of 05:55 today, its coin price is 2.1520 USD, with a 24-hour rise of 44.4%.
In fifth place is Circuits of Value. As of 05:55 today, its coin price is 0.0027200 USD, increasing by 43.2% 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, 15 are up and 1 is down. Notably, Layer2, DeFi, and AI sectors are worth mentioning.
Layer2 sector has risen 6.14% relative to the UTC 0 time, led by gains in MATIC (12.8%), RLY (11.4%), and STX (8.51%).
DeFi sector has increased 4.78% relative to UTC 0, with BOND (44.4%), PRISMA (42.3%), and QUICK (28.8%) leading the rise.
AI sector has risen 3.65%, with NMR (12.8%), FET (9.64%), and SPEC (8.54%) 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 21th (Eastern Time), Bitcoin spot ETFs experienced a total net inflow of $39.43M.

Yesterday, Grayscale's ETF GBTC had a net outflow of $9.82M, bringing GBTC's total historical net outflow to $19.67B.

Grayscale Bitcoin Mini Trust ETF $BTC had a net inflow of $ 14.20M，bringing Grayscale Bitcoin Mini Trust ETF $BTC's total historical net inflow to $301.85M.

Following that, Fidelity's ETF FBTC had a daily net inflow of $10.69M, with FBTC's total historical net inflow reaching $9.82B.

As of this writing, the total net asset value of Bitcoin spot ETFs stands at $55.96B, 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 $17.56B.

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

Next news:On August 21, the total net outflow of Ethereum spot ETFs was $17.9688 million. Grayscale ETF ETHE had an outflow of $31.1431 million, Fidelity ETF FETH had an inflow of $7.9286 million, and Grayscale mini ETF $ETH had an inflow of $4.2422 million.
Next news:Bitcoin Miner Bitfarms to Buy Rival Stronghold Digital for $175M in Stock, Debt
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:McDonald's Instagram account was reportedly hacked to promote a Solana-based memecoin named GRIMACE. The incident led to a temporary spike in the token's market value to $20 million before plummeting below $1 million. The promotional post was deleted, but evidence suggests it was presented as a McDonald's experiment. Additionally, the profile page hinted at a potential scam involving $700,000 in Solana. This event coincides with a period of high volatility in the Solana memecoin market, which has seen significant financial movements and record outflows.
Next news:The Golem multi-signature address: 0x7d...6CF9, which raised 820,000 $ETH in the ICO in 2016, transferred 4,000 $ETH to Coinbase Deposit and Binance Deposit. Currently, the Golem multi-signature address: 0x7d...6CF9 still holds 22,834 $ETH, worth about 59.81 million US dollars.
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: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:Mercado Libre, a major Latin American e-commerce company, has introduced a U.S. dollar-tied stablecoin named Meli Dollar. This new cryptocurrency will be available to customers of its digital bank subsidiary, Mercado Pago, who can trade it using their Brazilian reais balances.
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.