Let's turn our attention to today's overall Crypto market situation.
As of 11:59 PM Hong Kong time on August 25, 2024, according to sosovalue, the total market cap of the crypto market stands at 2.37 trillion US dollars, witnessing a decrease of 0.749% compared to yesterday; the total trading volume is 62.10 billion US dollars, marking a decline of 15.6% from the previous day.
According to sosovalue, the price of $BTC is 64,288 USD, an increase of 0.204% from yesterday. The market cap of $BTC is 1.27 trillion USD, accounting for 53.7% of the total market cap; $BTC's 24-hour trading volume is 14.52 billion USD, making up 23.4% of the total trading volume.
The price of $ETH is 2,747.2 USD, down 0.751% from yesterday; the market cap of $ETH is 330.49 billion USD, representing 14% of the total market cap; $ETH's 24-hour trading volume is 8.16 billion USD, comprising 13.1% of the total trading volume.
The combined market capitalization of $BTC and $ETH accounts for 67.7% of the total cryptocurrency market cap, and their combined trading volumes constitute 36.5% 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 Cratos. As of 23:55 today, its market cap is 41.18M, with a coin price of 0.00067780 USD, witnessing a 24-hour increase of 51.3%.
The second is Sun Token. As of 23:55 today, its coin price is 0.036640 USD, with a 24-hour increase of 50.5%.
The third is MAPS. As of 23:55 today, its coin price is 0.017952 USD, showing a 24-hour increase of 47.2%.
In fourth place is BarnBridge. As of 23:55 today, its coin price is 2.1520 USD, with a 24-hour rise of 44.4%.
In fifth place is Velodrome Finance. As of 23:55 today, its coin price is 0.10100 USD, increasing by 43.5% 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, 3 are up and 13 are down. Notably, AI, Meme, and Layer2 sectors are worth mentioning.
AI sector has risen 2.7% relative to the UTC 0 time, led by gains in nos (10.5%), fet (7.91%), and pre (6.61%).
Meme sector has decreased -3.2% relative to UTC 0, with dino (-11.1%), APU (-8.58%), and FOXY (-8.42%) leading the drop.
Layer2 sector has fallen -3.39%, with matic (-8.19%), zkf (-7.99%), and BLAST (-6.36%) leading the decline.
Let's go through the Crypto news worth paying attention today according to sosovalue:
The first is:Telegram CEO Pavel Durov was arrested in France, leading to a 14% drop in the value of TON. The arrest was due to a warrant issued by France's OFIM, related to Telegram's insufficient moderation and lack of cooperation with law enforcement concerning violence against minors.
Next news:Odaily Planet Daily News: Yekaterina Mizulina, the head of the Russian Security Internet Alliance, believes that the arrest of Pavel Durov, one of the founders of Telegram, in France was at the request of the United States. She wrote on her personal Telegram channel: "I have long believed that it is very dangerous for the leader of Telegram to be outside Russia, as he could be arrested at any time, as has happened before at the request of the United States. I used to think that no one touched him because he might be cooperating with Western intelligence agencies, but recent news suggests that everything seems different." In addition, Mizulina believes that Durov's arrest is to crack down on the circulation of the super currency Toncoin on Telegram. She stated that this way, the United States will continue its sanction policy. (Jinshi)
Next news:Regarding the arrest of Telegram founder Pavel Durov in France, Vitalik commented: I've criticized Telegram before for not being serious with encryption. But (given the info available so far: the charge seems to be just being "unmoderated" and not giving up people's data), this looks very bad and worrying for the future of software and comms freedom in Europe.
Next news:According to Lookonchain monitoring, the largest holder of memecoin WIF on Solana once again spent 1.54 million USDC to buy 800,556 WIF at $1.92. This whale currently holds 28 million WIF (53.23 million US dollars), and the profit of WIF has exceeded $77 million.
Next news:Vitalik said that the kinds of applications that he want to see are applications that are useful in a sustainable way and don't sacrifice on the principles (permissionlessness, decentralization, etc). DEXes are great and he use them every week. Decentralized stablecoins (eg. RAI) and polymarket are great.
Next news:TON traders might view the recent dip as a chance to buy low if Durov’s arrest is an isolated incident.
Next news:Wu learned that, according to Ord io data, today Bitcoin's on-chain Runes activity ranks first, accounting for 69.1% of all transactions. According to Geniidata, the total trading volume of Runes in 24 hours is approximately 1.36 million US dollars, with a total market value of about 850 million US dollars and a growth rate of 6.36%.
Next news:Foresight News reported that Andrei Grachev, the founder of DWF Labs, tweeted, "We can't do much, but I have decided to do my best to support. I have purchased about $500 thousand worth of TON on the open market and will keep it on the chain until #FREEDUROV ends. This is not financial advice; I just want to support uncensored and decentralized technology. Together we are stronger."
Next news:Foresight News reported that WazirX issued a statement on X, stating: "The decision to take the restructuring path may raise some concerns, but we want to emphasize that this is the most favorable and legal way to address the current issues related to crypto. We believe this direction is in the best interest of the platform users, enabling us to move forward effectively. Unfortunately, external parties who have not invested in the platform may, for their own reasons, attempt to prolong this situation. Their intent seems to be to maintain uncertainty rather than seek solutions. Our primary goal is to help users recover funds as much as possible while exploring ways to enhance value. Rest assured, we are continuously evaluating all available options, but as mentioned earlier, these solutions take time and patience. Additionally, we are actively seeking various legal avenues and bounty programs to recover stolen assets. These efforts are ongoing, and we remain fully committed to achieving the best outcome for users. More details about the restructuring process will be provided next week. Please remember, this is not bankruptcy or liquidation - those paths take years to resolve. Be cautious of individuals who may try to influence your choices for personal gain. Unfortunately, some are trying to exploit this situation for their own benefit. We encourage everyone to focus on restructuring to achieve the most effective and prompt solution.
Next news:Foresight News: According to Coinglass data, the total liquidation in the past 24 hours amounted to 112 million USD. Among them, long positions liquidated 61.27 million USD, and short positions liquidated 50.85 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.