SoSo Daily Sep 4
Let's turn our attention to today's overall Crypto market situation.
As of 5:59 AM on September 4, 2024, according to sosovalue, the total market cap of the crypto market stands at 2.07 trillion US dollars, witnessing a decrease of 5.6% compared to yesterday; the total trading volume is 81.56 billion US dollars, marking an increase of 18.2% from the previous day.
According to sosovalue, the price of $BTC is 56,252 USD, a decrease of 4.96% from yesterday. The market cap of $BTC is 1.11 trillion USD, accounting for 53.7% of the total market cap; $BTC's 24-hour trading volume is 29.52 billion USD, making up 36.2% of the total trading volume.
The price of $ETH is 2,365.2 USD, down 6.22% from yesterday; the market cap of $ETH is 284.56 billion USD, representing 13.8% of the total market cap; $ETH's 24-hour trading volume is 14.41 billion USD, comprising 17.7% 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 53.9% 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 BarnBridge (BOND). As of 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 CANTO. As of today, its coin price is 0.017207 USD, with a 24-hour increase of 39.8%.
The third is UXLINK. As of today, its coin price is 0.20860 USD, showing a 24-hour increase of 37.4%.
In fourth place is Nest Protocol (NEST). As of today, its coin price is 0.00078900 USD, with a 24-hour rise of 19.5%.
In fifth place is SERO. As of today, its coin price is 0.017499 USD, increasing by 19.3% 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, all 16 are down. Notably, RWA, AI, and SocialFi sectors are worth mentioning.
RWA sector has fallen -7.44% relative to the UTC 0 time, led by declines in pendle (-11.8%), PRCL (-10.9%), and gfi (-9.48%).
AI sector has decreased -7.61% relative to UTC 0, with nos (-10.5%), akt (-9.98%), and tao (-9.94%) leading the drop.
SocialFi sector has fallen -8.39%, with rfr (-30.6%), bbl (-14.2%), and 00 (-9.34%) leading the decline.
Let's go through the Crypto news worth paying attention today according to sosovalue:
The first is:
According to SoSoValue, as of September 3th (Eastern Time), Bitcoin spot ETFs experienced a total net outflow of $287.78M.
Yesterday, Grayscale's ETF GBTC had a net outflow of $50.40M, bringing GBTC's total historical net outflow to $19.90B.
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 $52.69B, with the ETF net asset ratio (the market value relative to the total market value of Bitcoin) reaching 4.58%. The historical cumulative net inflow has reached $17.31B.
Source: https://sosovalue.com/assets/etf
Next news:The U.S. Securities and Exchange Commission (SEC) has charged and settled with Galois Capital, a crypto-focused investment advisory firm, over issues related to the custody of client assets. The charges were specifically linked to a private fund primarily investing in cryptocurrencies. The SEC highlighted that Galois Capital's failure to adhere to Custody Rule provisions exposed investors to potential risks of asset loss, misuse, or misappropriation. Corey Schuster, co-chief of the SEC Enforcement Division’s Asset Management Unit, emphasized the importance of compliance to protect investors.
Next news:
Foresight News reported that according to Bitget market data, Bitcoin has dropped below 56000 USDT, currently trading at 55923.07 USDT, with a daily decline of 2.72%.
Next news:Foresight News: According to Arkham monitoring, Grayscale transferred approximately 2,044 $BTC to Coinbase Prime 14 minutes ago and 5,919 $ETH to Coinbase Prime 2 minutes ago.
Next news:Odaily Planet Daily News: Pendle stated on X platform that after a thorough investigation, they can confirm that the funds on Pendle are still safe. The team discovered a security vulnerability in the independent protocol Penpie built on Pendle. As a precautionary measure, Pendle has temporarily suspended all contract operations and will maintain close communication with the Penpie team to actively assist Penpie in resolving this issue as soon as possible. Earlier reports indicated that the Penpie reward protocol was attacked, resulting in a loss of approximately 27 million US dollars.
Next news:Bitfarms reported generating 233 $BTC in August, despite a drop in earnings compared to July due to increased network difficulty. The company sold 147 $BTC and added 86 $BTC to its treasury, now holding 1,103 BTC. Bitfarms also announced a $175 million acquisition of Stronghold Digital to expand its U.S. capacity. Meanwhile, Riot Platforms, which attempted to acquire Bitfarms earlier and now holds a 19.9% stake, criticized Bitfarms' governance and proposed further board changes ahead of a special meeting. Riot's concerns include the timing of the Stronghold acquisition and the appointment of new directors without consultation.
Next news:Matter Labs, the company behind ZKsync, has restructured to better align with the evolving needs of developers. As part of this restructuring, the company has laid off 16% of its workforce. The layoffs are a response to the changing demands for technology and support required by developers working on ZKsync.
Next news:A new CoinDesk report reveals details about the Donald Trump-connected crypto project, World Liberty Financial, which is reportedly based on the decentralized finance platform Aave and the Ethereum blockchain. The project, initially called The DeFiant Ones, involves Trump's sons and plans to use a credit account system. It draws inspiration from Dough Finance, although it's unclear if Dough's code will be used. The project will also feature a non-transferable governance token, WLFI, and has connections to Dough Finance co-founders. Amidst this, Trump has shifted from a crypto skeptic to a supporter, attracting endorsements from crypto figures.
Next news:Lara Trump’s and Tiffany Trump’s accounts on X were compromised earlier today, leading to unauthorized posts about a token linked to World Liberty Financial. The accounts have since been locked by X. The Trump family's crypto project, World Liberty Financial, confirmed the hack and advised against clicking on any links or purchasing tokens from the compromised accounts. The incident's full impact is still unclear, and the Trump campaign has been contacted for comments. This breach comes amid the Trump family's ongoing promotion of their new crypto project on platforms like Aave and Ethereum.
Next news:Foresight News: According to PeckShield monitoring, the Penpie attacker's tagged address has transferred 1000 $ETH (valued at approximately 2.44 million USD) to TornadoCash. Currently, about 1.01 million stolen $ETH (approximately 24.70 million USD) is still held at address 0x2f2d...1C39.
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.