Let's turn our attention to today's overall Crypto market situation.
As of 5:59 AM on September 5, 2024, according to sosovalue, the total market cap of the crypto market stands at 2.09 trillion US dollars, witnessing a decrease of 0.258% compared to yesterday; the total trading volume is 80.98 billion US dollars, marking a decline of 0.705% from the previous day.
According to sosovalue, the price of $BTC is 57,195 USD, an increase of 1.7% from yesterday. The market cap of $BTC is 1.13 trillion USD, accounting for 53.9% of the total market cap; $BTC's 24-hour trading volume is 32.62 billion USD, making up 40.3% of the total trading volume.
The price of $ETH is 2,409.7 USD, up 1.91% from yesterday; the market cap of $ETH is 289.91 billion USD, representing 13.8% of the total market cap; $ETH's 24-hour trading volume is 13.60 billion USD, comprising 16.8% 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 57.1% 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 05:55 Hong Kong time, according to sosovalue, the top five gainers are:
Top 1 gainer is Neiro. As of 05:55 today, its market cap is 3.43M, with a coin price of 0.0034300 USD, witnessing a 24-hour increase of 66.5%.
The second is BarnBridge. As of 05:55 today, its coin price is 2.1520 USD, with a 24-hour increase of 44.4%.
The third is Vega Protocol. As of 05:55 today, its coin price is 0.076100 USD, showing a 24-hour increase of 38.4%.
In fourth place is SERO. As of 05:55 today, its coin price is 0.022949 USD, with a 24-hour rise of 32.7%.
In fifth place is Vesper Finance. As of 05:55 today, its coin price is 0.31450 USD, increasing by 26.8% 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, DePIN, Meme, and SocialFi sectors are worth mentioning.
DePIN sector has risen 2.87% relative to the UTC 0 time, led by gains in hnt (10.2%), akt (6.39%), and lpt (5.35%).
Meme sector has increased 2.57% relative to UTC 0, with sfm (17.8%), APU (16.6%), and peng (14.8%) leading the rise.
SocialFi sector has fallen -3.32%, with berry (-9.7%), sylo (-5.43%), and ton (-4.21%) 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 4th (Eastern Time), Bitcoin spot ETFs experienced a total net outflow of $37.29M.
Yesterday, Grayscale's ETF GBTC had a net outflow of $34.25M, bringing GBTC's total historical net outflow to $19.94B.
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.
The Bitcoin spot ETF with the highest net inflow for the day was Bitwise's ETF BITB, with a daily net inflow of $9.46M, with BITB's total historical net inflow reaching $1.98B.
As of this writing, the total net asset value of Bitcoin spot ETFs stands at $52.58B, with the ETF net asset ratio (the market value relative to the total market value of Bitcoin) reaching 4.59%. The historical cumulative net inflow has reached $17.27B.
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:Future Forward PAC, a prominent Democratic and liberal-leaning political action committee, has partnered with Coinbase Commerce to accept cryptocurrency donations. This move allows the PAC to receive funds in various cryptocurrencies like Bitcoin, Ethereum, and USDC, among others. Coinbase Commerce, known for its instant settlement of transactions and support for multiple assets, also converts donations into the stablecoin USDC to minimize volatility. This development follows similar actions by other political campaigns, including the Trump campaign, which also adopted Coinbase Commerce for crypto donations earlier.
Next news:Binance has hired U.K.-based Grant Thornton to advise on accounting and tax matters, it announced Wednesday.
Next news:Switzerland’s fourth-largest bank, ZKB, has started offering Bitcoin and Ether to its retail customers, marking a significant move in the adoption of cryptocurrencies by traditional financial institutions.
Next news:Foresight News reported that according to Bloomberg, a Nigerian court has postponed the ruling on the bail application of Binance detained executive Tigran Gambaryan. This executive has been detained in Nigeria for over six months.
Next news:United Texas Bank, known for its connections to the cryptocurrency industry, has received a cease and desist order from the Federal Reserve due to significant deficiencies in its risk management, particularly concerning crypto customers and foreign correspondent banking. The Federal Reserve's examination in May 2023 highlighted issues in the bank's governance and oversight by its board of directors and senior management. The bank has agreed to the order and is taking steps to improve its compliance with Bank Secrecy Act and anti-money laundering regulations. This incident marks another recent enforcement action by the Fed against banks involved with cryptocurrencies, raising concerns within the crypto community about a potential coordinated crackdown, referred to as "Chokepoint 2.0."
Next news:
Deep Tide TechFlow news, on September 4th, according to @ai_9684xtpa's monitoring, a whale investor liquidated $12.40 million worth of Ethereum at an average price of $2520 on September 2nd, causing a loss of $105 thousand at that time, but successfully avoiding a larger loss of over $730 thousand. Just two days later, the investor repurchased all $ETH at $2376, even increasing the holding by 275 ETH.
Next news:The U.S. Securities and Exchange Commission (SEC) has postponed its decision on the approval of the 7RCC Spot Bitcoin and Carbon Credit Futures ETF to November 21. The delay allows the SEC more time to review the proposal and consider public comments, including one from a university student emphasizing the impact of carbon credit companies. The proposed ETF by 7RCC aims to allocate 80% of its assets in bitcoin and 20% in instruments linked to Carbon Credit Futures. An S-1 registration for this ETF was filed in December 2023, shortly before the SEC approved 11 other spot bitcoin ETFs.
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.