Let's turn our attention to today's overall Crypto market situation.
As of 5:59 PM Hong Kong time on September 10, 2024, according to sosovalue, the total market cap of the crypto market stands at 2.11 trillion US dollars, witnessing a decrease of 0.0114% compared to yesterday; the total trading volume is 78.10 billion US dollars, marking a decline of 3.69% from the previous day.
According to sosovalue, the price of $BTC is 57,166 USD, an increase of 1.15% from yesterday. The market cap of $BTC is 1.13 trillion USD, accounting for 53.6% of the total market cap; $BTC's 24-hour trading volume is 33.24 billion USD, making up 42.6% of the total trading volume.
The price of $ETH is 2,350.8 USD, up 0.377% from yesterday; the market cap of $ETH is 282.86 billion USD, representing 13.4% of the total market cap; $ETH's 24-hour trading volume is 13.22 billion USD, comprising 16.9% of the total trading volume.
The combined market capitalization of $BTC and $ETH accounts for 67% of the total cryptocurrency market cap, and their combined trading volumes constitute 59.5% 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 17:55 Hong Kong time, according to sosovalue, the top five gainers are:
Top 1 gainer is BarnBridge (BOND). As of 17:55 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 Shark Cat (SHARKCAT). As of 17:55 today, its coin price is 0.017550 USD, with a 24-hour increase of 28.5%.
The third is RSIC•GENESIS•RUNE (RUNECOIN). As of 17:55 today, its coin price is 0.0030760 USD, showing a 24-hour increase of 23.5%.
In fourth place is BEER. As of 17:55 today, its coin price is 0.000021173 USD, with a 24-hour rise of 23.2%.
In fifth place is Hera Finance (HERA). As of 17:55 today, its coin price is 0.0012030 USD, increasing by 22.9% 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, SocialFi, and NFT sectors are worth mentioning.
AI sector has risen 4.82% relative to the UTC 0 time, led by gains in ALI (11.6%), DSLA (10.7%), and FET (9.89%).
SocialFi sector has increased 3.94% relative to UTC 0, with PTS (10.5%), PUSH (6.08%), and KIN (5.71%) leading the rise.
NFT sector has risen 3.13%, with SUPER (12.1%), LOOKS (9.13%), and AQT (8.84%) 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:Tron, Tether, and TRM Labs have launched the T3 Financial Crime Unit (T3 FCU) to address financial crimes involving USDT issued on the Tron blockchain, which is often used by malicious entities.
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: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:Nansen, a blockchain analytics firm, has acquired StakeWithUs, a staking service provider, to expand its cryptocurrency investment services. The acquisition will allow Nansen to integrate staking capabilities directly into its platform, offering users the ability to stake over 20 crypto assets including Ethereum, Solana, and Sui. Nansen's CEO, Alex Svanevik, emphasized that this move aims to enhance the staking experience for users and strengthen the firm's service offerings. Additionally, Nansen is developing an NSN Points program to incentivize staking, which is expected to launch in 2025.
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'.
Next news:
News from TechFlow in Shenzhen, macro researcher Adam from Greeks.live posted an analysis on social media X (formerly Twitter), pointing out that September 11th will be a day worth watching for trading. At 9:00 in the morning on that day, Trump and Harris will have a news debate; and at 8:30 in the evening, the US will release CPI data for August. These important events have pushed up the implied volatility (IV) of 'end date options' (options in extreme scenarios) for cryptocurrencies.
Adam noted that last week, the IV of Bitcoin ($BTC) end date options was generally around 50%, and it has now risen to about 65%. Ethereum ($ETH) has also shown a similar trend. Considering the Fed will announce its interest rate decision in a week, this week's IV should have support, and buyers may choose to bet on the current week or the following week.
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:State Street Global Advisors and Galaxy Digital have launched three new crypto ETFs, DECO, HECO, and TEKX, offering diversified exposure to blockchain and cryptocurrency markets. These ETFs, which began trading recently, include strategies like futures and options to manage volatility. The launch follows their July request to the U.S. SEC for permission, highlighting a shift towards more actively managed digital asset investments. This move aligns with broader trends in the financial industry, where investment advisors are increasingly adopting digital asset ETFs, as evidenced by significant inflows into such funds.
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.
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.