Let's turn our attention to today's overall Crypto market situation.
As of 11:59 PM Hong Kong time on September 4, 2024, according to sosovalue, the total market cap of the crypto market stands at 2.12 trillion US dollars, witnessing a decrease of 0.732% compared to yesterday; the total trading volume is 94.31 billion US dollars, marking an increase of 40.7% from the previous day.
According to sosovalue, the price of $BTC is 57,971 USD, an increase of 0.84% from yesterday. The market cap of $BTC is 1.14 trillion USD, accounting for 53.9% of the total market cap; $BTC's 24-hour trading volume is 36.42 billion USD, making up 38.6% of the total trading volume.
The price of $ETH is 2,450.8 USD, up 1.05% from yesterday; the market cap of $ETH is 294.87 billion USD, representing 13.9% of the total market cap; $ETH's 24-hour trading volume is 17.80 billion USD, comprising 18.9% 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 57.5% 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, according to sosovalue, the top five gainers are:
Top 1 gainer is CANTO. As of 23:55 today, its market cap is 14.95M, with a coin price of 0.024569 USD, witnessing a 24-hour increase of 61.2%.
The second is SERO. As of 23:55 today, its coin price is 0.023100 USD, with a 24-hour increase of 53.5%.
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 TENET. As of 23:55 today, its coin price is 0.0070600 USD, with a 24-hour rise of 31%.
In fifth place is Vega Protocol. As of 23:55 today, its coin price is 0.068800 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, 14 are up and 2 are down. Notably, GameFi, DeFi, and SocialFi sectors are worth mentioning.
GameFi sector has risen 3.01% relative to the UTC 0 time, led by gains in WAS (19.4%), NADA (13.2%), and GMT (12.5%).
DeFi sector has increased 2.95% relative to UTC 0, with BOND (44.4%), VEGA (35.6%), and TENET (32.5%) leading the rise.
SocialFi sector has fallen -4.47%, with 00 (-8.02%), BERRY (-7.29%), and SYLO (-6.91%) leading the decline.
Let's go through the Crypto news worth paying attention today according to sosovalue:
The first is:Uniswap Labs has agreed to pay $175,000 to settle charges by the CFTC for offering illegal leveraged and margined commodities transactions, according to a CFTC press release.
Next news:
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:Polygon is set to begin the highly anticipated swap of POL tokens for MATIC. This migration will also introduce changes in tokenomics, including a new emission rate of 2%.
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.
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: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:Former Mt. Gox CEO Mark Karpeles is set to launch a new crypto exchange named EllipX in Europe, focusing on transparency and user-friendliness. The exchange, based in Poland, aims to be compliant with MiCA regulations and will feature a compartmentalized structure to enhance transparency. Karpeles, serving as the CTO, emphasizes the importance of transparency in the wake of the FTX collapse. EllipX will also introduce a user-friendly wallet and a non-profit organization, Ungox, to rate crypto projects and exchanges. Additionally, Mt. Gox NFT owners will receive trading fee discounts, and all former Mt. Gox customers from 2010 to 2014 will get a free NFT.
Next news:Brad Garlinghouse, CEO of Ripple, announced that the company is close to launching its U.S. dollar-pegged stablecoin, Ripple USD (RLUSD), during a fireside chat at Korea Blockchain Week in Seoul. The stablecoin, currently in a closed beta, is expected to launch in weeks. Garlinghouse also discussed the dominance of USDT and USDC in the stablecoin market, Ripple's recent legal victory against the SEC, and his views on the regulatory environment in the U.S., advising against incorporating crypto companies there. He expressed optimism about the future of crypto, citing potential legislative clarity from U.S. lawmakers rather than the SEC.
Next news:Binance has hired U.K.-based Grant Thornton to advise on accounting and tax matters, it announced Wednesday.
Next news:DeFi project Pendle claims to have safeguarded around $105 million in funds that could have been drained from Penpie following a hack on Tuesday on the independent Pendle ecosystem yield optimizer. In a post-mortem following the incident early Wednesday morning, Pendle said the funds were protected following a prompt pause in its contracts. However, the attacker still managed to exploit Penpie’s protocol for around $27.3 million, with various stolen assets exchanged for 11,109 $ETH, according to blockchain analytics provider Lookonchain. Blockchain security firm PeckShield said the root cause was introducing an “evil market” — a malicious contract used to inflate the staking balances on Penpie to claim unwarranted rewards. Pendle confirmed that the vulnerability was linked to a unique feature that allowed permissionless listing of Pendle markets on Penpie. It claimed its in-house monitoring system immediately detected the suspicious contract, which had been funded from Tornado Cash. However, it was not able to prevent the initial attack. Penpie’s PNP token fell more than 33% immediately following the incident, according to CoinGecko data, while Pendle’s native token is down around 9% over the past 24 hours, per The Block’s Pendle Price Page. Penpie, which remains paused, later said it was willing to negotiate with the hacker following the exploit. In exchange for their cooperation, it offered no legal action to be pursued, the attacker's identity would remain confidential, and they would receive a percentage of the funds as a bounty reward.
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.