Let's turn our attention to today's overall Crypto market situation.
As of 11:59 AM on September 10, 2024, according to sosovalue, the total market cap of the crypto market stands at 2.10 trillion US dollars, witnessing an increase of 1.46% compared to yesterday; the total trading volume is 84.92 billion US dollars, marking an increase of 22.5% from the previous day.
According to sosovalue, the price of $BTC is 57,234 USD, an increase of 3.64% from yesterday. The market cap of $BTC is 1.13 trillion USD, accounting for 53.8% of the total market cap; $BTC's 24-hour trading volume is 35.05 billion USD, making up 41.3% of the total trading volume.
The price of $ETH is 2,351.3 USD, up 1.63% from yesterday; the market cap of $ETH is 282.92 billion USD, representing 13.5% of the total market cap; $ETH's 24-hour trading volume is 14.75 billion USD, comprising 17.4% of the total trading volume.
The combined market capitalization of $BTC and $ETH accounts for 67.3% of the total cryptocurrency market cap, and their combined trading volumes constitute 58.7% 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 12:00 Hong Kong time, according to sosovalue, the top five gainers are:
Top 1 gainer is Raft. As of 11:55 today, its market cap is 428.37K, with a coin price of 0.00068000 USD, witnessing a 24-hour increase of 49.8%.
The second is BarnBridge. As of 11:55 today, its coin price is 2.1520 USD, with a 24-hour increase of 44.4%.
The third is Open Exchange Token. As of 11:55 today, its coin price is 0.0049060 USD, showing a 24-hour increase of 29.1%.
In fourth place is Hera Finance. As of 11:55 today, its coin price is 0.0011930 USD, with a 24-hour rise of 27.7%.
In fifth place is Aergo. As of 11:55 today, its coin price is 0.10460 USD, increasing by 21.6% 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, 16 are up and 0 are down. Notably, AI, NFT, and Meme sectors are worth mentioning.
AI sector has risen 7.57% relative to the UTC 0 time, led by gains in FET (14%), PAAL (13.9%), and CLORE (10.7%).
NFT sector has increased 6.38% relative to UTC 0, with APE (14.6%), TABOO (12.4%), and MPLX (12.1%) leading the rise.
Meme sector has risen 5.03%, with PEOPLE (17.4%), MUMU (15.7%), and SC (14.2%) leading the rise.
Let's go through the Crypto news worth paying attention today according to sosovalue:
The first is:
According to SoSoValue, as of September 9th (Eastern Time), Bitcoin spot ETFs experienced a total net inflow of $28.72M.
Yesterday, Grayscale's ETF GBTC had a net outflow of $22.76M, bringing GBTC's total historical net outflow to $20.04B.
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 $333.97M.
The Bitcoin spot ETF with the highest net inflow for the day was Fidelity's ETF FBTC, with a daily net inflow of $28.60M, with FBTC's total historical net inflow reaching $9.45B.
Following that, Bitwise's ETF BITB had a daily net inflow of $21.99M, with BITB's total historical net inflow reaching $1.95B.
As of this writing, the total net asset value of Bitcoin spot ETFs stands at $51.31B, with the ETF net asset ratio (the market value relative to the total market value of Bitcoin) reaching 4.56%. The historical cumulative net inflow has reached $16.92B.
Source: https://sosovalue.com/assets/etf
Next news:The FBI reported a 45% increase in losses related to cryptocurrency fraud in 2023 compared to the previous year, totaling $5.6 billion. Over 69,000 complaints were filed, with crypto-related issues accounting for 10% of all financial fraud complaints and half of the total losses. The most affected demographic was individuals over 60, followed by those in their 30s and 40s. Investment scams topped the list of reported crimes. The FBI highlighted the role of cryptocurrency's promotion and the 'fear of missing out' in facilitating these crimes. Additionally, the agency warned against the use of dating and messaging apps for scams, false job ads linked to labor trafficking, and the misuse of crypto kiosks for fraudulent activities.
Next news:a16z Crypto announced the 21 startups to join Crypto Startup Accelerator (CSX) Fall 2024 cohort, including Anera Labs, Banyan, Blocksense, Cork Protocol, Fermah, Future Primitive, MeshMap, Term Labs, zkSpin and more. a16z CSX invests a minimum of $500,000 in each company that’s accepted.
Next news:Japanese investment firm Metaplanet Inc. has purchased an additional 38.464 bitcoins worth approximately 300 million yen ($2 million), increasing its total bitcoin holdings to 398.832 bitcoins, valued at about 3.75 billion yen ($26 million). This acquisition reflects Metaplanet's continued optimism in bitcoin, amidst its recent price fluctuations. The company's stock also saw a rise of 4.42% following the purchase. Metaplanet has been actively buying bitcoin as part of its strategic treasury reserve asset, responding to economic pressures in Japan such as high government debt and negative real interest rates.
Next news:This week, the crypto market is expected to experience significant volatility due to two major events: the presidential debate between Donald Trump and Kamala Harris, and the upcoming U.S. Consumer Price Index (CPI) reading before the Federal Reserve's rate decision on September 18. QCP Capital's report highlights that while the crypto market has stabilized, elevated implied volatilities suggest continued anticipation of market fluctuations. The outcome of the debate could heavily influence the market, as analysts predict substantial price movements for bitcoin depending on the election results. Additionally, the derivatives market shows a cautious stance with a skew towards put options in bitcoin and ether, indicating concerns about potential declines. Despite this, QCP Capital remains optimistic in the long term, noting significant purchases of long-term bullish options and a recent positive bounce in bitcoin's price.
Next news:FTX, a bankrupt crypto exchange, has filed a motion to pay $14 million to Emergent Fidelity Technologies, an investment firm co-founded by Sam Bankman-Fried, to settle claims over Robinhood shares valued at over $600 million. The payment aims to cover Emergent's administrative expenses and avoid litigation costs. The settlement would also resolve Emergent’s Chapter 11 bankruptcy case in Antigua. The court hearing for this motion is scheduled for October 22. This settlement is part of FTX's reorganization plan to maximize repayment to creditors. Additionally, the U.S. Department of Justice seized and liquidated Robinhood shares worth $600 million, which were repurchased by Robinhood for approximately $606 million. A recent $12.7 billion settlement was approved involving FTX, Alameda, and the Commodity Futures Trading Commission, where the CFTC agreed to receive nothing as part of FTX's reorganization plan. Sam Bankman-Fried, co-founder of FTX, was recently sentenced to nearly 25 years in prison on multiple criminal charges, including wire fraud.
Next news:According to Lookonchain monitoring, a new address starting with BC1QGp3 withdrew 300 $BTC from Binance 2 hours ago, equivalent to approximately 17.19 million US dollars. Meanwhile, the price of Bitcoin has increased by about 4% in the past 24 hours.
Next news:Five U.S. states have reached a settlement agreement with GS Partners, a European company involved in crypto investment schemes, including tokenized investments in a Dubai skyscraper. According to an announcement from the Texas State Securities Board (TSSB), investors will receive full refunds.
Next news:The North Carolina General Assembly has overridden Governor Roy Cooper's veto to pass a bill that prohibits the state’s involvement in Federal Reserve branch testing of a central bank digital currency (CBDC). The bill, known as House Bill 690, also bans payments to the state using a CBDC. Governor Cooper criticized the bill as 'premature, vague, and reactionary,' arguing that North Carolina should wait for federal standards and safeguards. The bill's passage aligns with a broader national trend, as evidenced by the U.S. House's recent approval of the CBDC Anti-Surveillance State Act, which also opposes the issuance of a CBDC to individuals.
Next news:According to Cointelegraph, the U.S. Securities and Exchange Commission (SEC) has significantly increased its enforcement actions in the cryptocurrency industry for the fiscal year 2024. As per a report by Social Capital Markets, the total fines imposed by the SEC in this fiscal year for cryptocurrency companies and executives have surged to 4.70 billion U.S. dollars, a staggering 3018% increase from the 1.503 billion U.S. dollars in the fiscal year 2023. The report indicates that the SEC conducted a total of 11 enforcement actions this fiscal year, which is a decrease of 19 from the previous fiscal year, but the total fines reached a historical high. Among them, the 44.7 billion U.S. dollars settlement agreement reached by the SEC with Terraform Labs and its former CEO Do Kwon in June 2024 accounted for the majority, constituting the 'largest single enforcement action to date'.
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.