SoSo Daily Oct. 4 | Grayscale Launches New Fund for Aave Governance Token Exposure

According to sosovalue, the price of $BTC is 60,750 USD, an increase of 0.132% from yesterday. The market cap of $BTC is 1.20 trillion USD, accounting for 54.5% of the total market cap; $BTC's 24-hour trading volume is 24.70 billion USD, making up 23.1% of the total trading volume.
The price of $ETH is 2,349.6 USD, down 0.71% from yesterday; the market cap of $ETH is 282.83 billion USD, representing 12.8% of the total market cap; $ETH's 24-hour trading volume is 18.36 billion USD, comprising 17.2% 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 40.3% 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 23:55 UTC0 time, according to sosovalue, the top five token gainers are:
Top 1 gainer is WeSendit. As of 23:55 today, its market cap is 4.35M, with a coin price of 0.010526 USD, witnessing a 24-hour increase of 38.6%.
The second is FARCANA. As of 23:55 today, its market cap is 10.29M, with a coin price of 0.011740 USD, witnessing a 24-hour increase of 37.6%.
The third is WXT Token. As of 23:55 today, its market cap is 15.08M, with a coin price of 0.0065550 USD, showing a 24-hour increase of 29.6%.
In fourth place is Prisma Governance Token. As of 23:55 today, its market cap is 1.47M, its coin price is 0.027990 USD, with a 24-hour rise of 21.5%.
In fifth place is SHILL Token. As of 23:55 today, its market cap is 0.38703200, its coin price is 0.00095800 USD, increasing by 20.8% 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, 3 are up and 13 are down. Notably, the AI sector is worth mentioning.
The AI sector has fallen -3.24% relative to the UTC 0 time, led by declines in nos (-9.19%), tai (-7.58%), and num (-6.51%).

Let's go through the Crypto news worth paying attention today according to sosovalue:
The first is:Grayscale Investment has launched the Grayscale Aave Trust, a new fund that provides investors exposure to the governance token AAVE. The trust is available for eligible individual and institutional accredited investors. Aave is a decentralized finance crypto platform that allows investors to borrow and lend crypto using smart contracts. Grayscale aims to revolutionize traditional finance by leveraging blockchain technology and smart contracts to optimize lending and borrowing.
Next news:Mercado Bitcoin plans to offer its corporate and retail customers support for international payments, allowing users to transact with Brazilian Reais.
Next news:Binance Labs has invested in Sophon, a ZKsync 'elastic chain' being built using Matter Labs' framework. The investment brings Sophon's total funding to over $70 million. Sophon aims to create a seamless ecosystem integrating web3 with everyday lifestyle applications. The mainnet launch is expected next month.
Next news:According to Bitget market data, Bitcoin has fallen below 61,000 USDT, currently priced at 60,911.00 USDT, with a daily decline of 0.44%.
Next news:An upcoming HBO documentary aims to reveal the true identity of the pseudonymous creator of Bitcoin, Satoshi Nakamoto. The documentary, entitled 'Money Electric: The Bitcoin Mystery,' was created by Cullen Hoback, the director of 'Q: Into the Storm.' Galaxy Digital's Head of Research Alex Thorn claims the true identity of Nakamoto is Len Sassaman.
Next news:Private credit is a fast-growing sector in the blockchain-based real-world asset sector, with $9 billion of assets. RWA platform Credbull has launched a $500M private credit fund with fixed high yield on Plume Network.
Next news:Analysts at J.P. Morgan suggest that increasing geopolitical tensions and November's presidential election are driving investors towards gold and bitcoin as safe-haven assets in what they describe as the 'debasement trade.' The price of gold has sharply risen over the past quarter, approaching the $2,700 level on Sept. 26. This increase in gold prices is influenced by a decline in the dollar and a drop in real U.S. Treasury yields. The 'debasement trade' is driven by factors such as geopolitical uncertainty, inflation concerns, government deficits, and waning confidence in fiat currencies. Bitcoin, often seen as 'digital gold,' may follow the trend of rising gold prices. However, there is currently a negative correlation between bitcoin and gold.
Next news:The CFTC Subcommittee has approved guidelines for letting firms use tokenized shares as collateral, potentially allowing companies like BlackRock and Franklin Templeton to pledge tokenized shares of their money-market funds in trading.
Next news:Wu reported that Coinbase has announced the addition of support for Arkham (ARKM) perpetual contracts on Coinbase International Exchange and Coinbase Advanced. The ARKM-PERP market will open on October 10, 2024, at 17:30 (Beijing Time) or later. ARKM is the native token of the blockchain analysis platform Arkham.
Next news:Telegram has been experiencing massive outages in several countries since around 10:30 am UTC on Oct. 3.

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.