SoSo Daily Sept. 26 | Binance Launches Pre-Market Spot Trading Service with Actual Tokens

According to sosovalue, the price of $BTC is 63,158 USD, a decrease of 1.83% from yesterday. The market cap of $BTC is 1.25 trillion USD, accounting for 54% of the total market cap; $BTC's 24-hour trading volume is 21.95 billion USD, making up 26.8% of the total trading volume.
The price of $ETH is 2,580.3 USD, down 2.75% from yesterday; the market cap of $ETH is 310.57 billion USD, representing 13.4% of the total market cap; $ETH's 24-hour trading volume is 13.09 billion USD, comprising 16% 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 42.8% 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 NFTX. As of 23:55 today, its market cap is 10.46M, with a coin price of 24.897 USD, witnessing a 24-hour increase of 109%.
The second is Seamless Protocol. As of 23:55 today, its market cap is 57.27M, with a coin price of 2.2877 USD, witnessing a 24-hour increase of 87.2%.
The third is BarnBridge. As of 23:55 today, its market cap is 20.90M, with a coin price of 2.1520 USD, showing a 24-hour increase of 44.4%.
In fourth place is GT-Protocol. As of 23:55 today, its market cap is 32.36M, its coin price is 0.88690 USD, with a 24-hour rise of 38.8%.
In fifth place is ZeroLend. As of 23:55 today, its market cap is 11.86M, its coin price is 0.00047420 USD, increasing by 27.3% 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, 2 are up and 14 are down. Notably, Layer1, CeFi, and $ETH sectors are worth mentioning.
Layer1 sector has fallen -2.32% relative to the UTC 0 time, led by declines in GO (-16%), CFX (-7.63%), and ZETA (-5.87%).
CeFi sector has decreased -2.61% relative to UTC 0, with OX (-13.1%), SCLP (-10.5%), and CHO (-8.83%) leading the drop.
$ETH sector has fallen -2.75%, with $ETH (-2.75%) leading the decline.

Let's go through the Crypto news worth paying attention today according to sosovalue:
The first is:Binance has launched a pre-market spot trading service, allowing users to trade actual tokens before they are listed on the spot market. This service is the first of its kind, as other exchanges typically offer pre-market trading of derivatives. The Binance Pre-Market service is a collaboration between Binance Spot and Binance Launchpool, and it allows users to acquire new project tokens by staking BNB and other tokens. However, this service is not available in certain regions, including the U.S. and Canada.
Next news:In another effort to expand its presence in digital assets, PayPal announced plans to enable U.S. business customers to buy, sell, hold, and transfer cryptocurrencies. The service will not be available to business accounts based in New York State. PayPal's move follows several initiatives to capture market share in the digital assets industry. The company also plans to allow U.S. merchants to transfer cryptocurrency to third-party eligible wallets and receive supported tokens from external addresses.
Next news:Initia, a blockchain project developing a Layer 1 network and a system for 'interwoven optimistic rollups,' has raised $14 million in a Series A funding round. The round was led by Tomasz Tunguz's Theory Ventures, with participation from Delphi Ventures and Hack VC. Initia's fully diluted token valuation is now $350 million. The funding brings Initia's total funding to $22.5 million. Initia is developing a Layer 1 blockchain and a platform for interwoven optimistic rollups. Currently, 12 projects are using Initia's interwoven stack to build their Layer 2 networks. Initia's public testnet concluded last month, and the mainnet and token launch are expected within the next two months.
Next news:Visa to Help Banks Issue Fiat-Backed Tokens on Ethereum Via New Tokenized Asset Platform
Next news:According to on-chain data analyst Yu Jin's monitoring, a whale address that participated in the Ethereum ICO sold 8,510 $ETH (approximately $22.15 million) in the past two days. This address acquired 150,000 $ETH during the Ethereum ICO in 2015 (ICO price $0.311). Now, nine years later, this address has only sold 23,510 $ETH and still holds a total of 130,966 $ETH (approximately $342 million).
Next news:EOS Network Foundation announced that the EOS Spring 1.0 hard fork has been completed. The EOS network has been upgraded to Antelope Spring 1.0 and introduced the Savanna consensus algorithm.
Next news:The infrastructure supporting Bitcoin's second layer network, BitcoinOS (BOS), has open-sourced the BitSNARK verification protocol for further experimentation in Bitcoin. BitSNARK allows zk-SNARK proofs to run on Bitcoin without changing the core protocol.
Next news:According to on-chain data analyst @ai_9684xtpa, Sun Yuchen's address transferred 18 million TUSD to a new address 5 minutes ago.
Next news:Although professional investors may be warming up to Ethereum's application hosting potential, the investment case for its native crypto asset ether remains unclear, according to CoinShares. Ethereum transactions fuel ether's value far more than staking yields, monetary adoption, financial collateral use, or anything else. The demand for Ethereum transactions is highly concentrated in a few speculative use cases, raising concerns about the platform's long-term value. The primary use case for Ethereum is decentralized exchanges, with Uniswap leading the way. Token transfers, especially stablecoins, also play a critical role in the network's activity. The rise of Layer 2 solutions has helped address scaling issues but has also cannibalized demand for Ethereum's base layer. The challenge moving forward is to foster on-chain utility that adds meaningful long-term value and drives sustainable demand for Ethereum services.
Next news:With its much-anticipated token airdrop less than 24 hours away, Hamster Kombat's team has released details of its upcoming development roadmap. Besides plans to launch Season 2 of its popular tap-to-earn Telegram game, Hamster Kombat's creators also announced a series of other plans, including a strategy to use advertising revenue to buy back tokens for redistribution. Part of the Hamster Kombat experience involves funneling players to YouTube to watch videos. Hamster Kombat's team also said they planned to launch in new regions in an effort to grow its ecosystem. Season 2 of Hamster Kombat will also include the integration of NFTs as in-game assets, slated for November, the announcement said. Also that month, the team said it plans to launch a progressive web app, or PWA, for both desktops and Apple and Android devices. Thursday's Hamster Kombat token airdrop is one of this year's most highly-anticipated token launches. The game's team has said that of the over 300 million people who signed up to play Hamster Kombat using the popular messaging app Telegram, 131 million players qualified to receive tokens. Some people took to X in recent days to complain that Hamster Kombat's token distribution strategy has resulted in unfairly disqualifying millions of players. Hamster Kombat announced that 2.3 million bots and 'cheaters' had been disqualified from receiving tokens.

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.