SoSo Daily Sept. 25 | SEC Settles Charges Against TrueCoin LLC and TrustToken Inc. for Sale of Stablecoin TrueUSD

Let's turn our attention to today's overall Crypto market situation.
As of 11:59 PM UTC0 time on September 24, 2024, according to sosovalue, the total market cap of the crypto market stands at 2.36 trillion US dollars, witnessing an increase of 0.201% compared to yesterday; the total trading volume is 93.50 billion US dollars, marking a decline of 4.22% from the previous day.

According to sosovalue, the price of $BTC is 64,256 USD, an increase of 1.45% from yesterday. The market cap of $BTC is 1.27 trillion USD, accounting for 53.8% of the total market cap; $BTC's 24-hour trading volume is 31.12 billion USD, making up 33.3% of the total trading volume.
The price of $ETH is 2,652.2 USD, up 0.198% from yesterday; the market cap of $ETH is 319.22 billion USD, representing 13.5% of the total market cap; $ETH's 24-hour trading volume is 16.74 billion USD, comprising 17.9% of the total trading volume.
The combined market capitalization of $BTC and $ETH accounts for 67.3% of the total cryptocurrency market cap, and their combined trading volumes constitute 51.2% 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 23:55 UTC0 time, according to sosovalue, the top five token gainers are:
Top 1 gainer is Aperture Finance. As of 23:55 today, its market cap is 731.75K, with a coin price of 0.0080500 USD, witnessing a 24-hour increase of 72.7%.
The second is BarnBridge. As of 23:55 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 Fluence. As of 23:55 today, its market cap is 17.99M, with a coin price of 0.33650 USD, showing a 24-hour increase of 43.1%.
In fourth place is Shark Cat. As of 23:55 today, its market cap is 21.39M, its coin price is 0.021610 USD, with a 24-hour rise of 38.4%.
In fifth place is Karrat. As of 23:55 today, its market cap is 74.82M, its coin price is 0.64290 USD, increasing by 32.8% 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, 14 are up and 2 are down. Notably, Meme, NFT, and SocialFi sectors are worth mentioning.
Meme sector has risen 3.37% relative to the UTC 0 time, led by gains in SC (38.4%), FIGHT (21.1%), and trump (20.3%).
NFT sector has increased 3.28% relative to UTC 0, with boson (22.6%), epik (12.1%), and bubble (8.42%) leading the rise.
SocialFi sector has fallen -5.61%, with cheel (-21.7%), rfr (-11%), and berry (-7.17%) leading the decline.

Let's go through the Crypto news worth paying attention today according to sosovalue:
The first is:The U.S. Securities and Exchange Commission has settled charges against TrueCoin LLC and TrustToken Inc. for the sale of stablecoin TrueUSD. Both companies agreed to pay penalties and disgorgement for engaging in unregistered offers and sales of investment contracts. The SEC found that TrueCoin and TrustToken falsely marketed the investment opportunity as safe and trustworthy, while a large portion of the assets was invested in a risky offshore fund.
Next news:Top Democrat Maxine Waters calls for a 'grand bargain on stablecoins' before the end of 2024, ending years of negotiations on stablecoin legislation in Washington.
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.
Next news:Former co-CEO of Alameda Research Caroline Ellison has been sentenced to two years for her role in the collapse of crypto exchange FTX, causing consumers to lose billions of dollars. Ellison pleaded guilty to multiple counts of fraud and money laundering. She will also forfeit about $11 billion. Ellison cooperated with the government and testified against former FTX CEO Sam Bankman-Fried. Bankman-Fried was sentenced to 25 years in prison earlier this year.
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:Grayscale transfers 30,135 $ETH to Coinbase Prime, approximately 79.60 million USD
Next news:According to Foresight News, Layer3, the infrastructure for distribution, identity, and incentives, has announced its expansion to the Solana network in October, aiming to create a consumer distribution layer for the Solana protocol. Layer3 on Solana will be a brand new independent platform featuring a new design and new rankings, with L3 tokens available on Solana via Wormhole. Several projects, including Drift Protocol, Jupiter Exchange, and Magic Eden, have confirmed they will launch on Layer3.
Next news:According to the New York Times, musician Sean "Diddy" Combs, who is under investigation for extortion and sex trafficking, is being held in the same unit as SBF at the Metropolitan Detention Center (MDC) in Brooklyn. The two are living in a dormitory-style room along with other defendants assigned to the same area. Combs' lawyer stated that the MDC houses 1,200 inmates and has long been plagued by complaints. A detainee previously died from injuries sustained in a fight in July, with their lawyer describing the prison as "an overcrowded, understaffed, and neglected federal facility, a hellish existence."
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:U.S. Congressman Brad Sherman: The SEC Should Regulate Cryptocurrencies and Legislate to Clarify Their Securities Status

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.