SoSo Daily Sept. 26 | Avalanche Unveils $40M Grant Program Ahead of 'Avalanche9000' Upgrade

According to sosovalue, the price of $BTC is 65,150 USD, an increase of 3.14% from yesterday. The market cap of $BTC is 1.29 trillion USD, accounting for 53.9% of the total market cap; $BTC's 24-hour trading volume is 31.14 billion USD, making up 29.5% of the total trading volume.
The price of $ETH is 2,630.5 USD, up 2.14% from yesterday; the market cap of $ETH is 316.61 billion USD, representing 13.3% of the total market cap; $ETH's 24-hour trading volume is 17.40 billion USD, comprising 16.5% of the total trading volume.
The combined market capitalization of $BTC and $ETH accounts for 67.2% of the total cryptocurrency market cap, and their combined trading volumes constitute 46% 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 ZeroLend. As of 17:55 today, its market cap is 16.15M, with a coin price of 0.000646 USD, witnessing a 24-hour increase of 63.8%.
The second is Seamless Protocol. As of 17:55 today, its market cap is 49.85M, with a coin price of 1.9250 USD, witnessing a 24-hour increase of 55.8%.
The third is BarnBridge. As of 17:55 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 Suiswap. As of 17:55 today, its market cap is 5.95M, its coin price is 0.000595 USD, with a 24-hour rise of 34.8%.
In fifth place is MAGA. As of 17:55 today, its market cap is 116.28M, its coin price is 2.5250 USD, increasing by 31.7% 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, 15 are up and 1 is down. Notably, Meme, RWA, and DeFi sectors are worth mentioning.
Meme sector has risen 10.3% relative to the UTC 0 time, led by gains in trump (38%), LOBO (25.6%), and cate (25.2%).
RWA sector has increased 4.86% relative to UTC 0, with cpool (12.3%), PRCL (11%), and pendle (8.93%) leading the rise.
DeFi sector has risen 3.96%, with ZERO (61.1%), SEAM (55.8%), and sswp (38.1%) leading the rise.

Let's go through the Crypto news worth paying attention today according to sosovalue:
The first is:The program, called Retro9000, is supposed to encourage developers to build on Avalanche ahead of a much-anticipated upgrade known as Avalanche9000.
Next news:Ethena plans to launch new stablecoin backed by BlackRock's tokenized BUIDL fund
Next news:According to @EmberCN, it has been reported that in the Genesis Trading liquidation payout in August, the creditor who received the most $ETH compensation sold 12,100 $ETH (approximately 31.43 million USD) in the past three days. On August 2, they received 114,502 $ETH (approximately 358.19 million USD) from the Genesis Trading liquidation payout, making them the creditor with the highest $ETH compensation.
Next news:Bitcoin miner Bitdeer will soon launch a new state-of-the-art chip following a successful tape-out, the process when a chip manufacturer tests its designs. SEAL02, built in conjunction with world-leading semiconductor producer TSMC, will have an “exceptional” power efficiency ratio of 13.5 J/TH while running at lower speeds. The company plans to begin mass producing the new mining machines beginning in November. It is also currently conducting research into a new SEAL03 mining chip. Bitdeer Technologies Group entered into an agreement with Tether for the private sale of up to $150 million of its shares. The company has also entered the AI computing sector and reported a net loss of $17.7 million in the second quarter of 2014.
Next news:The crypto industry recorded $413 million in losses due to hacks and scams in Q3, a decrease from previous quarters. Decentralized finance (DeFi) was the primary target for hackers, while centralized finance (CeFi) experienced larger losses. Two major exploits accounted for the majority of the losses. Hacks accounted for 99.3% of the total losses, with Ethereum and BNB Chain being the most targeted networks. Immunefi, a bug bounty and security services platform, has paid out over $100 million in ethical hacker bounties.
Next news:Binance will add Hamster Kombat (HMSTR) to its Simple Earn, Swap, and Margin platforms. The HMSTR flexible product for Simple Earn will be available on Binance Simple Earn for subscription starting September 26, 2024, at 20:00. Binance Margin will add HMSTR as a new borrowable asset on both cross and isolated margin at 21:00 on September 26, 2024, along with the trading pairs HMSTR/USDT and HMSTR/FDUSD on both cross and isolated margin.
Next news:BTC has risen above 64,000 USDT, currently priced at 64,120 USDT, with a 24-hour increase of 0.9%.
Next news:Swiss equity token specialist Aktionariat AG has partnered with securities firm Taurus SA to increase liquidity and unlock value for tokenized small and medium-sized enterprises (SMEs) and their shareholders. The collaboration combines Aktionariat's expertise in tokenizing Swiss companies' equity with Taurus' institutional-grade trading technology. The partnership aims to provide access to TDX's network of banks, professional investors, and retail clients.
Next news:Guggenheim Treasury Services, a subsidiary of financial services giant Guggenheim Partners, has issued $20 million of tokenized commercial paper on the Ethereum blockchain.
Next news:What appears to be Telegram's most popular clicker game, Hamster Kombat, had its token go live for trading with 60 billion tokens distributed to 131 million qualifying user accounts. The distribution was based on Hamster Kombat user participation during season 1 of the tap-to-earn game on the Layer 1 The Open Network (TON) blockchain. Trading began for HMSTER tokens at 8 a.m. ET on Thursday. The 60 billion tokens represent 60% of the total supply of 100 billion HMSTR tokens. Another 15%, or 15 billion tokens, will be dropped during Season 2 of the game. Hamster Kombat's token airdrop follows in the footsteps of other Telegram-based games like Notcoin and Catizen. After Hamster Kombat announced that only 131 million of the game's over 300 million signups qualified to receive tokens, some players took to social media to complain about the planned distribution. The game's developers said 11.25% of the HMSTR tokens will be vested and unlocked ten months after the listing. Hamster Kombat's team also said it plans to launch a progressive web app, or PWA, for both desktops and Apple and Android devices.

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.