SoSo Daily Oct. 1 | BTC spot ETF total net inflow was $61.30M yesterday, marking a 8 days of consistent inflow.

According to sosovalue, the price of $BTC is 63,736 USD, a decrease of 0.131% from yesterday. The market cap of $BTC is 1.26 trillion USD, accounting for 53.4% of the total market cap; $BTC's 24-hour trading volume is 25.43 billion USD, making up 26.5% of the total trading volume.
The price of $ETH is 2,628.7 USD, down 0.00875% from yesterday; the market cap of $ETH is 316.41 billion USD, representing 13.4% of the total market cap; $ETH's 24-hour trading volume is 14.80 billion USD, comprising 15.4% of the total trading volume.
The combined market capitalization of $BTC and $ETH accounts for 66.8% of the total cryptocurrency market cap, and their combined trading volumes constitute 41.9% 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 12:00 UTC0 time, according to sosovalue, the top five token gainers are:
Top 1 gainer is WeSendit. As of 11:55 today, its market cap is 4.79M, with a coin price of 0.011827 USD, witnessing a 24-hour increase of 156%.
The second is mfercoin. As of 11:55 today, its market cap is 24.72M, with a coin price of 0.024720 USD, witnessing a 24-hour increase of 84.2%.
The third is GUMMY. As of 11:55 today, its market cap is 16.52M, with a coin price of 0.020843 USD, showing a 24-hour increase of 73%.
In fourth place is Trabzonspor Fan Token. As of 11:55 today, its market cap is 10.03M, its coin price is 1.0854 USD, with a 24-hour rise of 39.9%.
In fifth place is Dora Factory. As of 11:55 today, its market cap is 61.36M, its coin price is 0.061360 USD, increasing by 37.1% 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, 9 are up and 7 are down. Today, there are no sectors with a price change exceeding 2%.

Let's go through the Crypto news worth paying attention today according to sosovalue:
The first is:

According to SoSoValue, as of September 30th (Eastern Time), Bitcoin spot ETFs experienced a total net inflow of $61.30M.

Yesterday, Grayscale's ETF GBTC had a net outflow of $0.00 , bringing GBTC's total historical net outflow to $20.09B.

Grayscale Bitcoin Mini Trust ETF $BTC had a net outflow of $ 0.00 ，bringing Grayscale Bitcoin Mini Trust ETF $BTC's total historical net inflow to $422.31M.

The Bitcoin spot ETF with the highest net inflow for the day was BlackRock's ETF IBIT, with a daily net inflow of $72.15M, with IBIT's total historical net inflow reaching $21.50B.

Following that, Fidelity's ETF FBTC had a daily net inflow of $8.32M, with FBTC's total historical net inflow reaching $9.99B.

As of this writing, the total net asset value of Bitcoin spot ETFs stands at $59.08B, with the ETF net asset ratio (the market value relative to the total market value of Bitcoin) reaching 4.69%. The historical cumulative net inflow has reached $18.86B.

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

Next news:According to reports, Binance will launch the EIGEN 1-75x U-based perpetual contract on October 1, 2024, at 14:00 (UTC+8). Additionally, on the same day at 15:00 (UTC+8), Binance will introduce EIGEN borrowable assets for both cross-margin and isolated-margin leverage, along with trading pairs EIGEN/USDT and EIGEN/FDUSD for both cross-margin and isolated-margin trading. Within one hour of EIGEN's listing on the Binance spot market, users can exchange EIGEN for $BTC, USDT, or other tokens supported by the instant exchange platform without incurring any fees.
Next news:According to Wu's report, @EmberCN states that EigenLayer (EIGEN) will be launched on major CEX platforms at 1 PM today. Whales like Justin Sun, who have made substantial $ETH deposits, will also experience their harvest time. Justin Sun has already claimed 5,374,267 EIGEN through 6 addresses last night (14 hours ago), which, based on the current off-market price of 4U, is worth up to 21.49 million USD.
Next news:Japanese investment firm Metaplanet Inc. has purchased an additional $6.9 million worth of bitcoin, bringing its total holdings to $32 million.
Next news:Robinhood's cryptocurrency division has announced that it is now offering deposit and withdrawal services for over 20 digital assets to European customers, supporting cryptocurrencies such as $BTC, $ETH, SOL, and USDC. This move is aimed at meeting the demands of the European customer base and expanding the company's operations in Europe. Robinhood positions this initiative as a way to help users gain better control over their digital assets and simplify access to DeFi.
Next news:According to Foresight News, a report by Cointelegraph states that U.S. District Court Judge Jamel Semper has dismissed a class-action lawsuit against Bitcoin mining company Iris Energy without prejudice, ruling that the investors who filed the lawsuit could not prove that the company had made false statements or intentionally misled investors. The lawsuit accused Iris Energy, its executives, and its underwriters (including JPMorgan and Citigroup Global Markets) of violating the Securities Act and the Securities Exchange Act during its IPO in 2021. The plaintiffs claimed that there were several key inaccuracies in the documents related to the Australian crypto mining company's IPO in November 2021 and in other statements made in the following months. Furthermore, they alleged that Iris concealed risks, failed to disclose information regarding loans for financing mining equipment, and made several "false and misleading" statements about the company's overall financial condition, including its profits, losses, and assets on hand. However, Judge Semper found that Iris was not obligated to disclose all details of its loan financing, and the plaintiffs failed to prove that Iris's disclosures were materially misleading.
Next news:According to Cointelegraph, Kasikornbank (KBank), the second largest bank by asset size in Thailand, plans to launch orbitx Custodian, which will be the country's first licensed digital asset custodian. orbitx Custodian has received a digital asset custodian license issued by the Ministry of Finance and will be regulated by the Thai SEC. The license for orbitx Custodian was obtained on September 13 but was announced two weeks later, and the business is expected to begin operations in early 2025.
Next news:Jesse Pollak, the lead developer of Base, a Coinbase-incubated Ethereum Layer 2 network, is taking on the role of heading Coinbase Wallet and joining the crypto exchange's executive team. Pollak expressed excitement about working closely with the wallet team and continuing to lead the Base team. Base will maintain its core values of being for everyone, a bridge not an island, and decentralized and open source. Coinbase Wallet, a non-custodial crypto wallet, will continue to support multiple blockchain networks. Pollak will also be joining Coinbase's executive team to further their mission of bringing more people and builders into the blockchain space.
Next news:According to Cointelegraph, the cryptocurrency exchange platform Gemini will close all accounts in Canada by December 31, and users have 90 days to withdraw their assets from the platform. Canadian financial regulators require cryptocurrency trading platforms to sign a pre-registration commitment, and Gemini has submitted its pre-registration application.
Next news:According to Fortune, the trading volume and inflow of funds for BlackRock's recent Ethereum ETF are significantly lower than that of the Bitcoin ETF. Robert Mitchnick, the company's head of digital assets, expects this situation to not change quickly. Speaking at the Messari Mainnet conference in New York, Mitchnick acknowledged that the performance of BlackRock's Ethereum ETF has been 'less impressive' compared to the Bitcoin ETF. However, he urged the audience to compare ETHA with the overall ETF market: 'It is very rare for an ETF like Ethereum to reach $1 billion in assets under management within seven weeks. In most cases, it takes many years for a new ETF to reach this scale.' Mitchnick said, 'I think for many investors, the investment narrative of Ethereum is not easy to digest, which is why we are so committed to an educational journey with many clients. So, you wouldn't expect them to be as big as Bitcoin in terms of volume and assets under management. But it's still a good start.'

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.