SoSo Daily Oct. 7 | Ethereum Proposal 'EIP-7781' Calls for Slot Time Reduction from 12 to 8 Seconds to Boost Transaction Throughput

According to sosovalue, the price of $BTC is 61,911 USD, a decrease of 0.352% from yesterday. The market cap of $BTC is 1.22 trillion USD, accounting for 53.9% of the total market cap; $BTC's 24-hour trading volume is 7.61 billion USD, making up 16.9% of the total trading volume.
The price of $ETH is 2,408.4 USD, down 0.462% from yesterday; the market cap of $ETH is 289.92 billion USD, representing 12.8% of the total market cap; $ETH's 24-hour trading volume is 6.10 billion USD, comprising 13.6% of the total trading volume.
The combined market capitalization of $BTC and $ETH accounts for 66.7% of the total cryptocurrency market cap, and their combined trading volumes constitute 30.5% 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 11:55 UTC0 time, according to sosovalue, the top five token gainers are:
Top 1 gainer is Neiro. As of today, its market cap is 1.45M, with a coin price of 0.0014524 USD, witnessing a 24-hour increase of 48%.
The second is Onomy Protocol. As of today, its market cap is 4.57M, with a coin price of 0.033980 USD, witnessing a 24-hour increase of 30.9%.
The third is SUIA. As of today, its market cap is 0E-8, with a coin price of 0.070150 USD, showing a 24-hour increase of 28.4%.
In fourth place is OG Fan Token. As of today, its market cap is 30.52M, its coin price is 6.1100 USD, with a 24-hour rise of 27.5%.
In fifth place is Scallop-Sui. As of today, its market cap is 20.16M, its coin price is 0.37880 USD, increasing by 25.3% 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, 16 are up and 0 are down. Notably, AI, Meme, and NFT sectors are worth mentioning.
AI sector has risen 6.16% relative to the UTC 0 time, led by gains in tao (13.6%), arkm (12.9%), and MASA (9.38%).
Meme sector has increased 5.52% relative to UTC 0, with Neiro (51.2%), SC (30.1%), and trump (24.5%) leading the rise.
NFT sector has risen 2.38%, with epik (24.6%), super (7.52%), and vee (6.61%) leading the rise.

Let's go through the Crypto news worth paying attention today according to sosovalue:
The first is:A new Ethereum proposal, EIP-7781, suggests reducing the blockchain’s slot time from 12 seconds to 8 seconds. This would increase transaction throughput by about 33% while maintaining peak bandwidth requirements.
Next news:According to reports, the Japanese listed company Metaplanet has purchased an additional 108.786 bitcoins for 1 billion yen, with an average price of 9,192,359 yen per bitcoin (approximately 61,863 USD). As of October 7, Metaplanet holds approximately 639.503 bitcoins, with a total purchase amount of 5.97 billion yen (approximately 40 million USD), and an average price of 9,326,856 yen per bitcoin (approximately 62,768 USD).
Next news:Bitget is currently verifying the abnormal price fluctuations of BGB and will provide feedback as soon as possible. Bitget will develop a compensation plan for users who have suffered actual losses due to this incident.
Next news:According to SoSoValue data, during the last trading week (Eastern Time from September 30 to October 4), the Ethereum spot ETF had a net outflow of $30.69 million. Among them, the Grayscale Ethereum Trust ETF (ETHE) experienced a weekly net outflow of $66.74 million. The Ethereum spot ETF with the highest net inflow last week was the Blackrock Ethereum ETF (ETHA), with a weekly net inflow of $55.83 million. Following that was the VanEck Ethereum ETF (ETHV), which had a weekly net inflow of $2.74 million.
Next news:Anduro unveils tokenization platform and partners with Vertalo for RWA project Avant
Next news:According to Wu, the Bitget exchange's platform token BGB suddenly plummeted from 1.14 to a low of 0.53 on the morning of October 7, a drop of over 50%. It has since begun to recover, but the reasons remain unknown. Similar situations were observed on July 5 and January 23 with OKB, which dropped from a high of $48 to a low of $25 before recovering.
Next news:On October 4, the U.S. government filed two legal lawsuits seeking to seize digital assets worth over 2.67 million USD stolen by the North Korean hacker group Lazarus Group. According to legal documents, the U.S. government is seeking to recover approximately 1.70 million USD in USDT, which the group stole during the Deribit hack in 2022, where 28 million USD was taken from the options exchange. U.S. law enforcement officials also applied to recover approximately 970 thousand USD in Avalanche-bridged Bitcoin (BTC.b), which was stolen after Lazarus Group hacked the gambling platform Stake.com in 2023. This malicious attack caused Stake losses exceeding 41 million USD. (Cointelegraph)
Next news:According to SoSoValue data, during the last trading week (Eastern Time from September 30 to October 4), Bitcoin spot ETFs experienced a net outflow of 301 million USD. Among them, the Grayscale ETF GBTC had a weekly net outflow of 47.12 million USD. The Bitcoin spot ETF with the highest net inflow last week was the BlackRock ETF IBIT, with a weekly net inflow of 135 million USD. Following that was the Invesco Galaxy Bitcoin ETF BTCO, which had a weekly net inflow of 2.44 million USD. The Bitcoin spot ETF with the highest net outflow last week was the ARK 21Shares Bitcoin ETF ARKB, with a weekly net outflow of 206 million USD.
Next news:ZachXBT has accused crypto KOL Ansem of promoting memecoins for price manipulation and sell-off activities. ZachXBT claims that Ansem has promoted hundreds of low market cap meme coins to his 507 thousand followers, which may have an excessive impact on the token prices. ZachXBT further pointed out that most of the low market cap tokens recommended by Ansem have significantly depreciated. Data shows that BODEN has dropped nearly 99% since its peak in April, while HOBBES, ZEUS, and WYNN have all decreased by about 98%.
Next news:According to Wu Shuo, NYDIG reports that despite experiencing a "seasonal slowdown" in the third quarter, Bitcoin remains the best-performing asset of the year to date, with an increase of 49.2%. The rolling 90-day correlation between Bitcoin and U.S. stocks continued to rise in the third quarter, ending the quarter at 0.46. The upcoming U.S. elections on November 5 will have a significant impact on market performance in the fourth quarter, with the market likely seeing greater gains if Trump wins.

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.