SoSo Daily Sept. 24 | Celestia Foundation Raises $100 Million in Funding Round Led by Bain Capital Crypto

According to sosovalue, the price of $BTC is 63,214 USD, a decrease of 0.959% from yesterday. The market cap of $BTC is 1.25 trillion USD, accounting for 53.9% of the total market cap; $BTC's 24-hour trading volume is 28.90 billion USD, making up 33.3% of the total trading volume.
The price of $ETH is 2,631.7 USD, down 1.14% from yesterday; the market cap of $ETH is 316.73 billion USD, representing 13.7% of the total market cap; $ETH's 24-hour trading volume is 16.51 billion USD, comprising 19% 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 52.3% 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 05:55 UTC0 time, according to sosovalue, the top five token gainers are:
Top 1 gainer is BarnBridge. As of 05:55 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 Refereum. As of 05:55 today, its market cap is 155.30K, with a coin price of 0.000031840 USD, witnessing a 24-hour increase of 43.5%.
The third is Circuits of Value. As of 05:55 today, its market cap is 6.03M, with a coin price of 0.0033800 USD, showing a 24-hour increase of 31%.
In fourth place is RabbitX. As of 05:55 today, its market cap is 7.02M, its coin price is 0.012810 USD, with a 24-hour rise of 28.4%.
In fifth place is holoride. As of 05:55 today, its market cap is 3.44M, its coin price is 0.0040140 USD, increasing by 27.5% 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, 6 are up and 10 are down. Notably, the NFT sector is worth mentioning.
The NFT sector has risen 2.06% relative to the UTC 0 time, led by gains in coval (31%), mplx (20%), and boson (9.48%).

Let's go through the Crypto news worth paying attention today according to sosovalue:
The first is:The Celestia Foundation has raised $100 million in a funding round led by Bain Capital Crypto. The foundation's total financing now stands at $155 million. Celestia is a modular blockchain network designed to help other blockchains scale by offloading their data requirements. The network developers have announced plans to scale Celestia to 1-gigabyte blocks. About two dozen rollups have deployed on Celestia since its launch in October 2023.
Next news:Decentralized crypto exchange Mango Markets is considering a settlement with the Commodity Futures Trading Commission (CFTC) over crypto trading violations.
Next news:

According to SoSoValue, as of September 23th (Eastern Time), Bitcoin spot ETFs experienced a total net inflow of $4.56M.

Yesterday, Grayscale's ETF GBTC had a net outflow of $40.33M, bringing GBTC's total historical net outflow to $20.11B.

Grayscale Bitcoin Mini Trust ETF $BTC had a net inflow of $ 8.42M，bringing Grayscale Bitcoin Mini Trust ETF $BTC's total historical net inflow to $416.59M.

The Bitcoin spot ETF with the highest net inflow for the day was Fidelity's ETF FBTC, with a daily net inflow of $24.93M, with FBTC's total historical net inflow reaching $9.81B.

Following that, BlackRock's ETF IBIT had a daily net inflow of $11.54M, with IBIT's total historical net inflow reaching $20.94B.

As of this writing, the total net asset value of Bitcoin spot ETFs stands at $57.91B, with the ETF net asset ratio (the market value relative to the total market value of Bitcoin) reaching 4.63%. The historical cumulative net inflow has reached $17.70B.

Source: https://sosovalue.com/assets/etf

Next news:According to SoSoValue data, the total net outflow of Ethereum spot ETFs yesterday (Eastern Time, September 23) was $79.21 million. Yesterday, Grayscale's Ethereum Trust ETF (ETHE) had a net outflow of $80.55 million, bringing the historical net outflow of ETHE to $2.85 billion. Grayscale's Ethereum Mini Trust ETF ($ETH) had a net outflow of $0.00 yesterday, while the historical total net inflow for Grayscale's Ethereum Mini Trust ($ETH) stands at $266 million. The Ethereum spot ETF with the highest single-day net inflow yesterday was Bitwise ETF (ETHW), with a net inflow of $1.34 million.
Next news:The Eigen Foundation announced that the transfer restrictions on the EIGEN token are expected to be lifted on September 30, 2024. The official reminder states that there is a 7-day withdrawal waiting period for currently staked EIGEN tokens when they are unstaked.
Next news:Investors in the proposed round would get warrants to buy tokens in the event the prediction market decides to issue one, The Information reported.
Next news:According to @EmberCN, Arthur Hayes, the founder of BitMEX, transferred 240 thousand PENDLE (worth 950 thousand USD) to Binance just 2 hours ago. His PENDLE is about to run out: he has sold 1.84 million PENDLE (worth 6.55 million USD) in the last 4 days and now holds only 253 thousand PENDLE. His average cost for PENDLE is approximately $2.89, and the recent average price for PENDLE transferred out is $3.57, resulting in a profit of 1.24 million USD.
Next news:According to Wu, Eric Balchunas, a senior ETF analyst at Bloomberg, disclosed on Twitter that BlackRock is taking innovative measures to ensure the security of its Bitcoin spot ETF (IBIT) assets. BlackRock operates its own blockchain nodes and extracts Bitcoin balances from Coinbase Prime's wallet address every night to verify the amount of Bitcoin held by IBIT. BlackRock is willing to show this verification data to institutional clients upon request, but will not make it public. This decision stems from the fact that BlackRock has received a significant amount of spam, such as sanctioned Bitcoins and NFTs, and publicly disclosing related information could lead to an increase in such spam. As an industry giant managing around 500 ETFs, BlackRock has entrusted its ETF assets to custodians for years without any major issues to date.
Next news:According to Foresight News, 21Shares, the issuer of ETPs, and its parent company 21.co announced the integration of Chainlink's Proof of Reserves on the Solana and Ethereum mainnets to enhance the transparency of 21.co's wrapped Bitcoin (21BTC). The company is utilizing Chainlink's Proof of Reserves within its digital asset management platform Onyx to automate real-time reserve verification and ensure the secure minting of 21BTC.
Next news:Eight doctors specializing in neurodevelopmental disorders stated in a friend-of-the-court brief that SBF has been diagnosed with Autism Spectrum Disorder (ASD) and Attention Deficit/Hyperactivity Disorder (ADHD), which may lead to misunderstandings during the criminal trial.

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.