SoSo Daily Sept. 22 | Linea: There are no plans for any Linea token airdrops or sales, beware of scams.

Let's turn our attention to today's overall Crypto market situation.
As of 5:59 PM UTC0 time on September 22, 2024, according to sosovalue, the total market cap of the crypto market stands at 2.30 trillion US dollars, witnessing a decrease of 1.57% compared to yesterday; the total trading volume is 57.18 billion US dollars, marking a decline of 4.86% from the previous day.

According to sosovalue, the price of $BTC is 63,063 USD, a decrease of 0.377% from yesterday. The market cap of $BTC is 1.25 trillion USD, accounting for 54.2% of the total market cap; $BTC's 24-hour trading volume is 14.63 billion USD, making up 25.6% of the total trading volume.
The price of $ETH is 2,585 USD, up 0.595% from yesterday; the market cap of $ETH is 311.10 billion USD, representing 13.5% of the total market cap; $ETH's 24-hour trading volume is 10.80 billion USD, comprising 18.9% 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 44.5% 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 UTC0 time, according to sosovalue, the top five token gainers are:
Top 1 gainer is BarnBridge (BOND). As of 17:55 today, its market cap is 20.90M, with a coin price of 2.1520 USD, witnessing a 24-hour increase of 44.4%.
The second is Efforce (WOZX). As of 17:55 today, its market cap is 2.81M, with a coin price of 0.0045400 USD, witnessing a 24-hour increase of 40.2%.
The third is KILT Protocol (KILT). As of 17:55 today, its market cap is 32.17M, with a coin price of 0.22860 USD, showing a 24-hour increase of 29%.
In fourth place is Meson Network (MSN). As of 17:55 today, its market cap is not available, its coin price is 0.13990 USD, with a 24-hour rise of 25.8%.
In fifth place is Karrat (KARRAT). As of 17:55 today, its market cap is 43.84M, its coin price is 0.37670 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, 3 are up and 13 are down. Notably, Others, SocialFi, and Meme sectors are worth mentioning.
Others sector has fallen -2.09% relative to the UTC 0 time, led by declines in ONG (-10.3%), NLK (-8.7%), and POWR (-7.57%).
SocialFi sector has decreased -2.14% relative to UTC 0, with TAKI (-8.87%), SUIA (-8.81%), and UXLINK (-8.07%) leading the drop.
Meme sector has fallen -2.7%, with TIPS (-15.9%), SFM (-12.9%), and Neiro (-10.2%) leading the decline.

Let's go through the Crypto news worth paying attention today according to sosovalue:
The first is:According to Foresight News, Linea's official statement says, "There are currently no sales or airdrop forms for Linea tokens, and there are no related plans in the future. Please be cautious of scams claiming such activities."
Next news:According to Deep Tide TechFlow, on September 22, renowned chart analyst and founder of Factor Trading, Peter Brandt, posted on the X platform, predicting that the Bitcoin to gold ratio could rise by over 400% by 2025. Brandt had successfully predicted the significant drop of Bitcoin in 2018, which has led to his predictions being closely monitored by the market. As of September 22, 2024, 1 $BTC is approximately equal to 24 ounces of gold.
Next news:According to the "Procuratorial Daily", Yang and two others joined the black and gray industry trading platform "Huiwang" through a chat application in June this year, purchasing virtual currency "U Coin" and participating in illegal transactions. They bought "U Coin" from "U Merchants" at a low price, and then helped the "U Merchants" sell "U Coin" to a victim named Gao, collecting 220 thousand yuan in cash. They then placed this money at a location designated by the "U Merchants" and ultimately received a reward of 3,800 yuan. Prosecutors remind that activities related to virtual currency are illegal financial activities, and investors should remain vigilant to avoid falling into virtual currency scams and illegal financial activities.
Next news:Wu reported that UniSat announced that PizzaSwap will launch on Fractal on September 30, supporting assets bridged through Bool Bridge and SimpleBridge. At the same time, UniSat will open-source the index implementation of BRC-20 on Fractal on September 25. Additionally, Rune will be activated at block height 84,000. The team is also evaluating UniSat Wallet's support for CAT20 and plans to announce the integration after finalizing the engineering implementation of the protocol next week.
Next news:The associated address of the Divine Fish deposited 85.6 WBTC to Binance, valued at 5.37 million USD. The total asset value of this associated address currently reaches 54.68 million USD, with WBTC being its largest holding. The address still holds 638.874 WBTC, worth approximately 40.04 million USD.
Next news:Ki Young Ju, the CEO of CryptoQuant, stated that the cryptocurrency industry should reassess the contributions of Binance co-founder Changpeng Zhao (CZ), believing that CZ's achievements far outweigh his mistakes. He pointed out that the cryptocurrency industry, as an emerging field, inevitably experiences growing pains. Given that CZ has paid the relevant fines and his detention period is coming to an end, Ki Young Ju suggested that the industry should reevaluate CZ's contributions from a more objective and forward-looking perspective.
Next news:According to data from the Federal Reserve's official website, as of September 17, the size of the Federal Reserve's balance sheet has fallen to approximately $7.10 trillion, currently reported at $7.11 trillion. Since the beginning of the year, the cumulative reduction in the balance sheet has been about $1.39 trillion.
Next news:Arthur Hayes sold 1.59 million PENDLE tokens at an average price of $3.52 over the past two days, totaling $5.62 million. However, after his sale, the price of PENDLE unexpectedly increased by 24%, making this batch of tokens now worth $6.91 million. Hayes's actions resulted in a missed potential profit of about $1.29 million.
Next news:According to CoinGape, Bonk Inu announced at Solana Breakpoint 2024 that it will launch BONK ETP aimed at retail and institutional investors in the United States. BONK is a popular dog-themed meme token based on Solana. The team is collaborating with Osprey Funds, headquartered in New York, which assisted in launching one of the first $BTC ETFs and the Solana Trust, and plans to launch the ETP by the end of this year.
Next news:According to Foresight News, the International Monetary Fund (IMF) has released a document titled "Inclusive Strategies for the Adoption of Central Bank Digital Currencies by Intermediaries and Users." The document recommends implementing inclusive strategies for intermediaries and end-users, and introducing the REDI framework to help promote the adoption of Central Bank Digital Currencies (CBDCs). IMF staff stated that the successful adoption of CBDCs requires proactive strategic policies and design choices that benefit end-users and intermediaries. Therefore, they urge central banks to focus on stakeholder engagement.

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.