SoSo Daily Oct. 5 | Cosmos developers sold 4,000 ETH in the past 27 hours, worth approximately 9.50 million USD.

Let's turn our attention to today's overall Crypto market situation.
As of 5:59 PM UTC0 time on October 5, 2024, according to sosovalue, the total market cap of the crypto market stands at 2.25 trillion US dollars, witnessing a decrease of 1.71% compared to yesterday; the total trading volume is 54.43 billion US dollars, marking a decline of 40.9% from the previous day.

According to sosovalue, the price of $BTC is 62,016 USD, an increase of 0.0527% from yesterday. The market cap of $BTC is 1.23 trillion USD, accounting for 54.4% of the total market cap; $BTC's 24-hour trading volume is 14.99 billion USD, making up 27.5% of the total trading volume.
The price of $ETH is 2,410.2 USD, down 0.211% from yesterday; the market cap of $ETH is 290.12 billion USD, representing 12.9% of the total market cap; $ETH's 24-hour trading volume is 8.19 billion USD, comprising 15% 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 42.5% 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 BORA. As of 17:55 today, its market cap is 122.18M, with a coin price of 0.11110 USD, witnessing a 24-hour increase of 26.5%.
The second is MATH. As of 17:55 today, its market cap is 40.44M, with a coin price of 0.22620 USD, witnessing a 24-hour increase of 25.4%.
The third is DIA. As of 17:55 today, its market cap is 95.03M, with a coin price of 0.85910 USD, showing a 24-hour increase of 25.2%.
In fourth place is MET. As of 17:55 today, its market cap is 3.34M, its coin price is 0.46960 USD, with a 24-hour rise of 24.8%.
In fifth place is TRA. As of 17:55 today, its market cap is 10.41M, its coin price is 1.1256 USD, increasing by 22.9% 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, 5 are up and 11 are down. Notably, the Layer2 sector is worth mentioning.
Layer2 sector has fallen -2.09% relative to the UTC 0 time, led by declines in STX (-9.08%), CWEB (-8.25%), and A8 (-3.1%).

Let's go through the Crypto news worth paying attention today according to sosovalue:
The first is:According to reports from @EmberCN, 27 hours ago, the Cosmos developer Interchain Foundation sold 4,000 $ETH that were raised during the ICO in April 2017 (approximately $9.50 million). Over the past 5 months since the end of April this year, they have cumulatively sold 15,100 $ETH (approximately $37.09 million). The Cosmos developers raised approximately $17 million through the ICO in April 2017 (including 4,882.7 $BTC and 246,891 $ETH). Over the past seven years, the foundation has sold 4,499 $BTC and 223,305 $ETH, raising approximately $132.20 million. Currently, they hold 383.8 $BTC and 23,587 ETH.
Next news:According to Wu's report, monitored by @EmberCN, Ethereum co-founder Vitalik Buterin concentrated the sale of various meme tokens within 30 minutes, exchanging them for approximately 140.6 $ETH, valued at around 340 thousand USD. These tokens were all assets previously transferred to Vitalik's wallet by project parties or related addresses. Specifically, it includes: 100 thousand USDT (donation from the CATE project); 70.71 million Neiro (donation from the address 0x41e...f31); 11.76 billion MOODENG (donation from the MOODENG project); 7.80 million DEGEN (donation from the DEGEN project); 16.03 billion KABOSU (donation from the address 0x41e...f31).
Next news:According to Wu, QCP Capital's latest report indicates that the market is experiencing volatility as it enters a new quarter, primarily influenced by the escalation of conflict between Israel and Iran. Coinciding with the one-year anniversary of the Gaza War, Iran has launched a large-scale attack, and the market anticipates that Israel will respond with harsher retaliation, potentially targeting Iran's nuclear facilities and oil infrastructure. Meanwhile, the U.S. non-farm payroll data for September exceeded expectations, with an addition of 254 thousand jobs and an unemployment rate of 4.1%. This demonstrates that the U.S. labor market remains strong, boosting market risk sentiment. Bitcoin briefly rebounded to $62,000; although it has retreated from last week's high, the macroeconomic data supports market expectations for an 'Uptober' trend. Demand in the options market remains robust, with investors optimistic about the market's performance leading up to the end of the year. QCP recommends locking in profits at the current Bitcoin price level and preparing for a potential rebound by year-end.
Next news:According to data from the Hong Kong Stock Exchange, the total assets under management of three Bitcoin spot ETFs in Hong Kong reached HKD 2.06 billion. Among them, the two Ethereum ETFs managed by Huaxia Fund and managed by OSL have a total AUM exceeding HKD 1.28 billion, accounting for 62%; another spot Ethereum ETF has a total AUM of approximately HKD 784 million, accounting for about 38%.
Next news:According to Wu Shuo, the U.S. Attorney's Office for the Northern District of Ohio announced on Friday that the United States has filed a civil forfeiture complaint seeking the forfeiture of 200 thousand USDT. This action stems from an incident in February 2024, when Bitcoin worth 340 thousand dollars was fraudulently transferred from the wallet of a victim in Ohio, with the transferred Bitcoin being converted into USDT by the scammers. Investigators used blockchain technology to trace the stolen funds, which were then frozen. In July, a federal forfeiture order resulted in the tokens being transferred to a virtual wallet controlled by law enforcement. If the forfeiture is successful, these tokens will be returned to the victims in Ohio.
Next news:According to data from DefiLlama, the Solv Protocol generated up to $1.46 million in protocol fees in the past 24 hours, ranking 7th on DeFiLlama, surpassing Solana (approximately $1.20 million) and Uniswap (around $1.10 million) during the same period. As of now, the total value locked (TVL) of Solv Protocol has reached $1.40 billion, making it the protocol with the highest TVL in the Bitcoin Finance (BTCFI) ecosystem.
Next news:According to the Snapshot governance page, the Aave community has initiated an ARFC proposal vote to "add sUSDe, USDe, and weETH to Aave v3 on ZKsync," with voting set to conclude on October 8.
Next news:According to Wu, LinkedIn shows that MicroStrategy is hiring a "Bitcoin Advocacy Manager." This position is based at MicroStrategy's headquarters in Tysons, Virginia, USA. The main responsibilities include: leading the planning and execution of the annual corporate Bitcoin conference, promoting internal and external education programs for corporate Bitcoin adoption, establishing a Bitcoin community engagement center in Washington, D.C., and conducting Bitcoin-related marketing activities.
Next news:According to SoSoValue data, yesterday (October 4, Eastern Time), the total net inflow of Ethereum spot ETFs was $7.39 million. Yesterday, Grayscale's Ethereum Trust ETF ETHE saw a net outflow of $8.20 million, bringing its historical net outflow to $2.96 billion. The Ethereum spot ETF with the highest net inflow yesterday was BlackRock's ETF ETHA, with a net inflow of $14.72 million. This was followed by Bitwise ETF ETHW, which had a net inflow of $871.30 thousand.
Next news:Zhu Su, co-founder of Three Arrows Capital, stated that the allocation of institutional investment in Meme coins is likely to be a story for the fourth quarter of 2024.

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.