Let's turn our attention to today's overall Crypto market situation.
As of 11:59 PM Hong Kong time on September 5, 2024, according to sosovalue, the total market cap of the crypto market stands at 2.06 trillion US dollars, witnessing a decrease of 4.05% compared to yesterday; the total trading volume is 77.84 billion US dollars, marking a decline of 17.5% from the previous day.
According to sosovalue, the price of $BTC is 56,185 USD, a decrease of 3.08% from yesterday. The market cap of $BTC is 1.11 trillion USD, accounting for 53.8% of the total market cap; $BTC's 24-hour trading volume is 29.60 billion USD, making up 38% of the total trading volume.
The price of $ETH is 2,368.8 USD, down 3.34% from yesterday; the market cap of $ETH is 285.00 billion USD, representing 13.8% of the total market cap; $ETH's 24-hour trading volume is 13.11 billion USD, comprising 16.8% of the total trading volume.
The combined market capitalization of $BTC and $ETH accounts for 67.6% of the total cryptocurrency market cap, and their combined trading volumes constitute 54.8% 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 Neiro. As of 23:55 today, its market cap is 4.33M, with a coin price of 0.0043300 USD, witnessing a 24-hour increase of 67.8%.
The second is Vega Protocol. As of 23:55 today, its coin price is 0.10700 USD, with a 24-hour increase of 55.1%.
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 SERO. As of 23:55 today, its coin price is 0.029571 USD, with a 24-hour rise of 29.6%.
In fifth place is Moonwell. As of 23:55 today, its coin price is 0.015620 USD, increasing by 19.1% 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, 1 is up and 15 are down. Notably, GameFi, AI, and RWA sectors are worth mentioning.
GameFi sector has fallen -3.43% relative to the UTC 0 time, led by declines in ELIX (-12.3%), wagmigames (-9.22%), and was (-9.18%).
AI sector has decreased -4.26% relative to UTC 0, with paal (-9.82%), man (-9.43%), and moov (-9.19%) leading the drop.
RWA sector has fallen -4.33%, with cpool (-13.7%), LMR (-9.3%), and klima (-8.26%) 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 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:The Blockchain Association is investigating the Federal Reserve's cease-and-desist order against United Texas Bank, which is part of a broader scrutiny under Operation Choke Point 2.0. This operation is seen as an attempt to limit the digital asset industry's access to traditional banking. The Fed highlighted deficiencies in United Texas Bank's risk management and compliance with anti-money laundering laws. The Blockchain Association and other industry figures have expressed concerns about regulatory actions targeting banks serving digital asset customers, suggesting a pattern of enforcement that could impact the broader crypto industry.
Next news:Robinhood's crypto-trading subsidiary previously prevented customers from withdrawing their purchased tokens. This policy was abandoned in 2022. Recently, the state of California fined Robinhood Crypto LLC $3.9 million for these past practices.
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:Foresight News reported that during an AMA session, Justin Drake from the Ethereum Foundation answered the question 'How many years or months until the Ethereum Foundation runs out of funds?' Justin Drake mentioned that the financial report of the Ethereum Foundation (EF) will be released soon. EF spends approximately 100 million USD annually. Based on the current price, the main Ethereum wallet of EF is valued at around 650 million USD. EF also has a fiat reserve that can cover several years of operating expenses. This is the least I know. As mentioned by Aya, due to regulatory reasons, Ethereum sales were temporarily suspended, so the reserve was only recently replenished. Roughly estimated, the foundation has about 10 years of funding reserves. This funding reserve will fluctuate with the price of Ethereum.
Next news:Foresight News: According to Arkham monitoring, the cryptocurrency custody company Copper transferred approximately 59,832 $ETH to OKX wallet 2 minutes ago, worth approximately 143.23 million USD.
Next news:According to CME's "Fed Watch": the probability of a 25 basis point rate cut by the Fed in September is 55.0% (down from 57.0% before the announcement), and the probability of a 50 basis point rate cut is 45.0% (up from 43.0% before the announcement). The probability of a cumulative 50 basis point rate cut by the Fed by November is 28.9%, the probability of a cumulative 75 basis point rate cut is 49.7%, and the probability of a cumulative 100 basis point rate cut is 21.3%. (Jinshi)
Next news:The U.S. announced that the ADP employment report for August showed an increase of 99 thousand jobs, marking the smallest growth since January 2021. The expectation was 145 thousand jobs, and the previous figure was revised from 122 thousand to 111 thousand.
Next news:Wu learned that Upbit, the largest exchange in South Korea, announced the launch of the BIGTIME Korean won trading market. BIGTIME is a free multiplayer role-playing action chain game.
Next news:Wu learned that Binance Futures announced the launch of up to 75 times leverage BSWUSDT perpetual contract at 14:00 UTC+8 on September 5th. BSW has been listed on Binance spot. Biswap is a DEX on the BNB Chain.
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.