SoSo Daily Sep 13

Let's turn our attention to today's overall Crypto market situation.
As of 12 PM Hong Kong time on September 13, 2024, according to sosovalue, the total market cap of the crypto market stands at 2.13 trillion US dollars, witnessing a decrease of 0.91% compared to yesterday; the total trading volume is 70.42 billion US dollars, marking a decline of 17.6% from the previous day.

According to sosovalue, the price of $BTC is 57,852 USD, a decrease of 0.393% from yesterday. The market cap of $BTC is 1.14 trillion USD, accounting for 53.6% of the total market cap; $BTC's 24-hour trading volume is 29.51 billion USD, making up 41.9% of the total trading volume.
The price of $ETH is 2,352.4 USD, up 0.106% from yesterday; the market cap of $ETH is 283.06 billion USD, representing 13.3% of the total market cap; $ETH's 24-hour trading volume is 10.14 billion USD, comprising 14.4% of the total trading volume.
The combined market capitalization of $BTC and $ETH accounts for 66.9% of the total cryptocurrency market cap, and their combined trading volumes constitute 56.3% 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 Nervos Network (CKB). As of 11:55 today, its market cap is 595.85M, with a coin price of 0.013264 USD, witnessing a 24-hour increase of 47.4%.
The second is PolySwarm (NCT). As of 11:55 today, its coin price is 0.019010 USD, with a 24-hour increase of 46%.
The third is BarnBridge (BOND). As of 11:55 today, its coin price is 2.1520 USD, showing a 24-hour increase of 44.4%.
In fourth place is Quantstamp (QSP). As of 11:55 today, its coin price is 0.0012021 USD, with a 24-hour rise of 35.4%.
In fifth place is Dimitra (DMTR). As of 11:55 today, its coin price is 0.080630 USD, increasing by 30.3% 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, 11 are up and 5 are down. Notably, Payment, SocialFi, and AI sectors are worth mentioning.
Payment sector has risen 3.03% relative to the UTC 0 time, led by gains in TWT (7.47%), XRP (4.67%), and VELO (3.97%).
SocialFi sector has increased 2.14% relative to UTC 0, with MOON (16.6%), PTS (3.48%), and POOLX (3.43%) leading the rise.
AI sector has fallen -2.43%, with CUDOS (-10.8%), FET (-7.14%), and PAAL (-5.52%) leading the decline.

Let's go through the Crypto news worth paying attention today according to sosovalue:
The first is:eToro has settled with the SEC for $1.5 million and agreed to limit its crypto offerings to a select few, including bitcoin, Bitcoin Cash, and ether. The settlement resolves charges of operating unlawfully as a broker and clearing agency in its crypto operations. eToro, while not admitting to the SEC's findings, will comply with U.S. securities laws moving forward. This agreement enhances investor protection and provides a regulatory framework for other crypto intermediaries.
Next news:A judge ruled that the Commodity Futures Trading Commission (CFTC) does not have the authority to reject election contracts, stating that elections are not a form of "gaming." This decision came in response to the CFTC's public review of Kalshi's political prediction markets.
Next news:Wu learned that Binance announced the 58th Launchpool project as Hamster Kombat (HMSTR), a play-to-earn (P2E) game built on the Telegram mini-program platform. Users can receive HMSTR airdrop rewards by staking BNB and FDUSD. The staking period will start from 00:00 (UTC) on September 19, 2024, lasting for seven days. The total reward is 3 billion HMSTR, accounting for 3% of the total supply. Binance plans to launch HMSTR on September 26, 2024, at 12:00 (UTC), and will open HMSTR/USDT, HMSTR/BNB, HMSTR/FDUSD, and HMSTR/TRY trading pairs.
Next news:Anchorage Digital, the first and only U.S. federally chartered crypto bank, has been selected to take on the custody role for the ARK 21Shares Bitcoin ETF, according to a statement released by the companies on Thursday.
Next news:Grayscale announced the launch of a new XRP closed-end fund, which led to an 8% increase in the token's value. The fund aims to provide investors with exposure to XRP, the world's seventh most popular cryptocurrency with a market capitalization of over $32 billion. Grayscale's Head of Product & Research, Rayhaneh Sharif-Askary, highlighted XRP's potential to transform financial infrastructure through fast cross-border payments. Additionally, Grayscale recently launched an Avalanche trust and has converted its bitcoin and ether trusts into ETFs.
Next news:US authorities are exerting pressure on Nigeria to release Tigran Gambaryan, a detained Binance executive, citing his deteriorating health and humanitarian concerns. Gambaryan, detained for seven months on charges initially including money laundering and tax evasion, has faced severe health issues like a herniated disc and infections without proper medical care. High-level interventions from U.S. officials, including Secretary of State Antony Blinken, have intensified, especially following a distressing video of Gambaryan and a congressional visit. His detention has strained U.S.-Nigeria relations, with ongoing diplomatic efforts to secure his release and address accusations against Binance of harming Nigeria's economy through illegal financial activities.
Next news:World Liberty, a new cryptocurrency project led by Donald Trump's family, is set to launch on September 16. The project, named World Liberty Finance, is managed by Trump's sons, Eric Trump and Donald Trump Jr. Barron Trump, aged 18, is involved as the project's 'DeFi visionary.'
Next news:Foresight News reported that a survey of 2,500 cryptocurrency users in five emerging markets, as reported by The Block, showed that approximately $2.62 trillion was settled through stablecoins in the first half of 2024, with an annualized scale of $5.28 trillion. The survey was jointly conducted by institutions including Castle Island Ventures, Brevan Howard, Artemis, and Visa Crypto. Apart from cryptocurrency trading, stablecoins are most commonly used for currency exchange, commodity payments, remittances, and salary payments. There are regional differences in usage, with Turkish users primarily using it to earn profits, while Nigerian users mainly use it for USD savings. Ethereum is the most commonly used blockchain for stablecoins.
Next news:Wu learned that, according to Fox News reporter Eleanor Terrett, Republican Congressman John Rose from Tennessee is introducing a new bill named the “BRIDGE Digital Asset Act”. This bill aims to establish a joint advisory committee on digital assets between the U.S. Securities and Exchange Commission (SEC) and the U.S. Commodity Futures Trading Commission (CFTC). The purpose of this committee is to provide advice to both agencies on digital asset-related rules, regulations, and policies. The committee will consist of 20 private-sector participants representing various interests in the Crypto sector.
Next news:ParaFi Capital, a digital asset manager based in New York and backed by KKR & Co. co-founder Henry Kravis, is tokenizing a minority stake in its latest venture-capital fund. The fund, which closed in May, will have its LP interest available on the Securitize platform and will operate on the Avalanche blockchain, projects that ParaFi has invested in. This move marks the beginning of increased tokenization activities at ParaFi, which manages $1.2 billion in assets, according to founder Ben Forman.

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.