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SoSo Daily Sept. 24 | A certain whale withdrew 1,343 BTC from Binance and holds 1,951 BTC.

SoSo Newsletter
2KWords
Sep 24, 2024


Today's Crypto Market Overview


Let's turn our attention to today's overall Crypto market situation.
As of 5:59 PM UTC0 time on September 24, 2024, according to sosovalue, the total market cap of the crypto market stands at 2.34 trillion US dollars, witnessing a decrease of 0.3% compared to yesterday; the total trading volume is 85.76 billion US dollars, marking a decline of 15.5% from the previous day.




According to sosovalue, the price of $BTC is 63,825 USD, an increase of 0.801% from yesterday. The market cap of $BTC is 1.26 trillion USD, accounting for 53.8% of the total market cap; $BTC's 24-hour trading volume is 24.75 billion USD, making up 28.9% of the total trading volume.
The price of $ETH is 2,649.9 USD, down 0.694% from yesterday; the market cap of $ETH is 318.95 billion USD, representing 13.6% of the total market cap; $ETH's 24-hour trading volume is 14.07 billion USD, comprising 16.4% of the total trading volume.
The combined market capitalization of $BTC and $ETH accounts for 67.4% of the total cryptocurrency market cap, and their combined trading volumes constitute 45.3% 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 17:55 UTC0 time, according to sosovalue, the top five token gainers are:
Top 1 gainer is Aperture Finance. As of 17:55 today, its market cap is 660.84K, with a coin price of 0.0072700 USD, witnessing a 24-hour increase of 57%.
The second is BarnBridge. 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 third is GT-Protocol. As of 17:55 today, its market cap is 28.49M, with a coin price of 0.78670 USD, showing a 24-hour increase of 38.1%.
In fourth place is RabbitX. As of 17:55 today, its market cap is 7.19M, its coin price is 0.013110 USD, with a 24-hour rise of 29.5%.
In fifth place is Fight to MAGA. As of 17:55 today, its market cap is 8.13M, its coin price is 0.0082510 USD, increasing by 28.6% 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, 11 are up and 5 are down. Notably, Meme, NFT, and SocialFi sectors are worth mentioning.
Meme sector has risen 2.81% relative to the UTC 0 time, led by gains in SC (24.8%), FIGHT (21.1%), and wif (15.6%).
NFT sector has increased 2.4% relative to UTC 0, with boson (24.5%), coval (24%), and bubble (9.49%) leading the rise.
SocialFi sector has fallen -2.28%, with rfr (-16.3%), cheel (-8.73%), and push (-5.83%) leading the decline.

Let's go through the Crypto news worth paying attention today according to sosovalue:
The first is:A certain whale withdrew 1,343 $BTC from Binance 4 hours ago, worth approximately 84.80 million USD. Currently, this whale holds 1,951 $BTC, valued at around 123.60 million USD.
Next news:Kraken completed its acquisition of Coin Meester B.V. (BCM), one of the oldest registered crypto brokers in the Netherlands. The acquisition aims to expand the US-based exchange’s presence in the Netherlands and strengthen its operations as a registered Virtual Asset Service Provider (VASP) in France and Poland. Following the acquisition, Kraken can now offer VASP services directly or through a partnership in Germany, Spain, Italy, the Netherlands, Belgium, Ireland, France, and Poland.
Next news:U.S. spot Ethereum ETFs experienced the largest outflows since late July, with $79.21 million flowing out on Monday. The Grayscale Ethereum Trust (ETHE) saw the largest outflow of $80.55 million, while Bitwise's ETHW reported net inflows of $1.34 million. The total trading volume of these ETFs reached $167.35 million. In contrast, spot bitcoin ETFs recorded net inflows of $4.56 million on Monday.
Next news:According to monitoring by PeckShield, the WazirX hacker address has transferred the 10th batch of 5,000 $ETH (worth approximately 12 million USD) to a new address starting with 0xdBdE and has laundered 4,900 $ETH through Tornado Cash. So far, the WazirX hacker address has laundered a total of 52,500 $ETH (worth approximately 139 million USD) through Tornado Cash.
Next news:Crypto Exchange Kraken hires Natasha Powell as UK Head of Compliance
Next news:Binance will launch the LOKA/USDT perpetual contract, with a leverage of up to 75 times.
Next news:The wallet first started moving bitcoin to Kraken three weeks ago and has moved 10 $BTC so far in three separate transactions.
Next news:According to official news from Wu Shuo, the Movement ecological DeFi project Meridian has announced the completion of a $4 million seed round of financing. ParaFi Capital and Borderless Capital co-led the investment, with participation from Amber Group, Saison Capital, Interop Ventures, and Oak Grove Ventures. The funds will be used to expand the team and hire engineering, product, and marketing staff. Meridian is a decentralized liquid staking protocol platform built on the Movement network. Meridian is currently running on the Movement testnet and plans to launch alongside its mainnet.
Next news:Binance will launch the spot trading pairs 1MBABYDOGE/FDUSD, 1MBABYDOGE/TRY, BTC/EURI, CATI/BRL, NEIRO/FDUSD, and NEIRO/TRY on September 25, 2024, at 19:00, and will provide spot algorithm order services.
Next news:According to Wu's report, QCP Capital's latest report indicates that the Shanghai Composite Index (SSE) rose by 4.15% today, driven by large-scale stimulus measures from the People's Bank of China. The central bank's reserve requirement ratio was lowered by 50 basis points, releasing 1 trillion yuan in loan funds, and a 500 billion yuan stock market investment fund plan was introduced. Commodity prices responded positively, with Brent crude oil rising by 2.35% and copper prices increasing by 2.32%. China's strong policy actions closely followed the Federal Reserve's 50 basis point rate cut, indicating that the global easing trend is set to continue, providing strong support for asset prices in the short term. In the options market, the short-term skew for $ETH has shifted from bearish to bullish, with $ETH's implied volatility being 9% higher than that of $BTC, suggesting that market sentiment is leaning towards an upward trend, with expectations of higher volatility.

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.

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