Let's turn our attention to today's overall Crypto market situation.
As of 5:59 PM Hong Kong time on August 31, 2024, according to sosovalue, the total market cap of the crypto market stands at 2.16 trillion US dollars, witnessing an increase of 0.123% compared to yesterday; the total trading volume is 60.25 billion US dollars, marking a decline of 37.7% from the previous day.
According to sosovalue, the price of $BTC is 59,020 USD, an increase of 0.664% from yesterday. The market cap of $BTC is 1.17 trillion USD, accounting for 54% of the total market cap; $BTC's 24-hour trading volume is 16.14 billion USD, making up 26.8% of the total trading volume.
The price of $ETH is 2,504.6 USD, up 1.55% from yesterday; the market cap of $ETH is 301.31 billion USD, representing 13.9% of the total market cap; $ETH's 24-hour trading volume is 8.61 billion USD, comprising 14.3% of the total trading volume.
The combined market capitalization of $BTC and $ETH accounts for 67.9% of the total cryptocurrency market cap, and their combined trading volumes constitute 41.1% 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 17:55 Hong Kong time, according to sosovalue, the top five gainers are:
Top 1 gainer is BarnBridge (BOND). 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 DIMO. As of 17:55 today, its coin price is 0.17990 USD, with a 24-hour increase of 27.2%.
The third is ECOx. As of 17:55 today, its coin price is 0.12190 USD, showing a 24-hour increase of 25.5%.
In fourth place is Kava Lend (HARD). As of 17:55 today, its coin price is 0.12170 USD, with a 24-hour rise of 22.3%.
In fifth place is sudoswap (SUDO). As of 17:55 today, its coin price is 0.097880 USD, increasing by 19.6% 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, 13 are up and 3 are down. Notably, the AI sector is worth mentioning.
The AI sector has risen 2.36% relative to the UTC 0 time, led by gains in MAN (8.71%), PRE (6.61%), and VAI (6.54%).
Let's go through the Crypto news worth paying attention today according to sosovalue:
The first is:
According to SoSoValue, as of August 30th (Eastern Time), Bitcoin spot ETFs experienced a total net outflow of $175.67M.
Yesterday, Grayscale's ETF GBTC had a net outflow of $70.22M, bringing GBTC's total historical net outflow to $19.85B.
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 $347.92M.
As of this writing, the total net asset value of Bitcoin spot ETFs stands at $53.78B, 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 $17.60B.
Source: https://sosovalue.com/assets/etf
Next news:Wu learned that according to SoSoValue data, the total net outflow of Ethereum spot ETF was 0.00 USD yesterday (August 30th, US Eastern Time). The daily net outflow of Grayscale Ethereum Trust ETF ETHE was 0.00 USD yesterday, with a historical net outflow of ETHE of 25.61 billion USD. The daily net outflow of Grayscale Ethereum Mini Trust ETF $ETH was 0.00 USD, with a historical total net inflow of $ETH of 2.39 billion USD. As of the deadline, the net asset value of Ethereum spot ETF was 69.71 billion USD, with an ETF net asset ratio (market value as a percentage of total Ethereum market value) of 2.3%, and the cumulative net outflow has reached 4.77 billion USD.
Next news:Elon Musk's X Is Reportedly Now Banned in Brazil Following Judge's Ruling
Next news:Wu learned that Vitalik had mentioned on Reddit three years ago that he held 325 thousand $ETH, which he obtained from pre-mining, specifically 11.90 million, of which he received...
Next news:Web3 game developer Legend of Arcadia has completed a $4 million seed round of financing, with participation from Animoca Brands, OKX Ventures, Arche Fund, and Selini Capital. Legend of Arcadia has developed a card-based role-playing game that is freely accessible on mobile devices and will introduce the in-game cryptocurrency ARCA. (TheBlock)
Next news:Odaily Planet Daily News: Sharpe AI officially announced on X platform that the SAI airdrop claim page will go live at 17:00 Beijing time today. Users are reminded to participate through official channels as there are phishing and scam links online. Stay vigilant.
Next news:QCP Capital stated that $BTC spot ETF has seen continuous outflows for four days, especially IBIT by BlackRock experiencing outflows of 13.50 million USD for the first time since May. US PCE data falling below expectations increases the possibility of a rate cut by the Federal Reserve in the fourth quarter. If next week's non-farm payroll data is weaker than expected, it will confirm the reason for the US rate cut since September, with the current probabilities being 33.0% (25 basis points) and 67% (50 basis points). Given the limited impact of recent macroeconomic news on the crypto market, Bitcoin may continue to fluctuate in the range of 58,000 to 65,000 USD in the short term, as the market awaits positive catalysts to break out of this range.
Next news:Telegram held $400 million in digital assets and generated significant revenues from crypto-related activities in 2023, according to a Financial Times report. The company's financials revealed that nearly $148 million, or about 40% of its annual revenue, came from its integrated wallet and the sale of collectibles. Additionally, Telegram's CEO Pavel Durov faced legal challenges as he was indicted by a French court over allegations that Telegram's services facilitated illicit activities. The report also highlighted Telegram's involvement in the sale of Toncoin tokens before a price drop and its growing popularity for hosting crypto games.
Next news:Wu learned that Brian Armstrong, the CEO of Coinbase, stated in a tweet that the first fully AI-managed crypto transaction has recently been completed. AI agents cannot access bank accounts but can access crypto wallets. They can now transact on Base using USDC with humans, merchants, or other AIs. These transactions are instant, global, and free. Brian Armstrong believes that this transaction is an important step in 'AI doing useful work'.
Next news:Foresight News reported that Vitalik Buterin, co-founder of Ethereum, responded to the question of 'Why do people choose to use DEX instead of CEX?' by stating that DEX is actually more convenient. Users do not need to register, go through the account and deposit/withdrawal process. They just need to enter the page, click 'Swap,' and then confirm in the wallet.
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.