SoSo Daily Oct. 8 | Binance to List Ethereum Layer 2 Scroll's Token SCR for Pre-Market Trading

According to sosovalue, the price of $BTC is 62,620 USD, a decrease of 0.384% from yesterday. The market cap of $BTC is 1.24 trillion USD, accounting for 54.3% of the total market cap; $BTC's 24-hour trading volume is 29.72 billion USD, making up 30.5% of the total trading volume.
The price of $ETH is 2,439.7 USD, down 0.854% from yesterday; the market cap of $ETH is 293.69 billion USD, representing 12.9% of the total market cap; $ETH's 24-hour trading volume is 15.25 billion USD, comprising 15.6% 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 46.1% 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 Thena. As of 11:55 today, its market cap is 20.89K, with a coin price of 0.00041950 USD, witnessing a 24-hour increase of 84.6%.
The second is Wing Finance. As of 11:55 today, its market cap is 31.15M, with a coin price of 6.7350 USD, witnessing a 24-hour increase of 53.7%.
The third is Epik Prime. As of 11:55 today, its market cap is 16.34M, with a coin price of 0.015520 USD, showing a 24-hour increase of 53.1%.
In fourth place is SUIA. As of 11:55 today, its market cap is 0E-8, its coin price is 0.097510 USD, with a 24-hour rise of 41.7%.
In fifth place is Santos FC Fan Token. As of 11:55 today, its market cap is 23.05M, its coin price is 4.1560 USD, increasing by 39.9% 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, 3 are up and 13 are down. Notably, the Meme sector is worth mentioning.
The Meme sector has fallen -2.22% relative to the UTC 0 time, led by declines in michi (-13.9%), popcat (-12%), and PORK (-9.35%).

Let's go through the Crypto news worth paying attention today according to sosovalue:
The first is:Crypto exchange Binance is set to list Ethereum Layer 2 network Scroll’s native token SCR for pre-market trading. Prior to the listing, the project will be added to Binance Launchpool for users to farm SCR airdrops. Binance will then open pre-market trading for the SCR/USDT pair. The service is unavailable in certain regions.
Next news:

According to SoSoValue, as of October 7th (Eastern Time), Bitcoin spot ETFs experienced a total net inflow of $235.19M.

Yesterday, Grayscale's ETF GBTC had a net outflow of $0.00 , bringing GBTC's total historical net outflow to $20.14B.

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 Fidelity's ETF FBTC, with a daily net inflow of $103.68M, with FBTC's total historical net inflow reaching $9.95B.

Following that, BlackRock's ETF IBIT had a daily net inflow of $97.88M, with IBIT's total historical net inflow reaching $21.66B.

As of this writing, the total net asset value of Bitcoin spot ETFs stands at $58.81B, with the ETF net asset ratio (the market value relative to the total market value of Bitcoin) reaching 4.72%. The historical cumulative net inflow has reached $18.73B.

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

Next news:A U.S. bankruptcy judge has approved FTX's reorganization plan, allowing for the distribution of funds to creditors. The plan ensures that 98% of creditors will receive at least 118% of their claim value in cash. However, there were objections to the plan, with some creditors advocating for payouts in cryptocurrencies instead of cash. The judge rejected the proposal for in-kind distributions and reaffirmed that the value of FTT, the native token of the exchange, is zero. The possibility of a reboot of FTX, known as 'FTX 2.0,' was ruled out as no investors were ready to commit capital. FTX filed for bankruptcy in 2022, and its CEO, Sam Bankman-Fried, was found guilty of wire fraud and conspiracy to commit wire fraud.
Next news:Meredith L Patterson, the widow of Len Sassaman, denied speculation that Len Sassaman was Satoshi Nakamoto in an interview with DL News. Patterson stated that HBO did not contact her while filming the documentary. Satoshi Nakamoto disappeared in 2011, and Sassaman passed away in the same year, a coincidence that led some to question their identity. Patterson mentioned that some technical errors in Sassaman's early designs and details such as his use of the Mac system do not align with the characteristics of Satoshi Nakamoto.
Next news:According to SoSoValue data, on October 7 (Eastern Time), the total net inflow for the Ethereum spot ETF was zero, marking the second trading day since its launch with a total net inflow of zero. The first instance of a single-day net inflow of zero occurred on August 30 (Eastern Time). As of the time of this report, the total net asset value of the Ethereum spot ETF is $6.70 billion, with the ETF net asset ratio (the market value's proportion of Ethereum's total market value) reaching 2.28%. The historical cumulative net outflow has reached $561 million.
Next news:According to Cointelegraph, Bitcoin financial services company Fold has submitted an S-4 filing to the U.S. Securities and Exchange Commission in preparation for going public. The Fold treasury currently holds over 1,000 Bitcoins. Founded in 2019, users can earn Bitcoin rewards through its debit card, similar to credit card cashback. The company currently has 574 thousand accounts.
Next news:Foresight News reports that more than twenty residents of Granbury, Texas, have filed a lawsuit against cryptocurrency mining company Marathon Digital, claiming that the Bitcoin mining facility operated by Marathon produces unbearable noise.
Next news:According to Foresight News, a wallet associated with the Ethereum Foundation deposited 2,500 $ETH, worth approximately $6.06 million, to the cryptocurrency exchange Bitstamp 24 minutes ago, as monitored by Lookonchain. On November 17, 2015, this wallet received 51,251 $ETH from the Ethereum Foundation (then valued at $51.20 thousand, currently worth $124.50 million).
Next news:Linea proposes decentralization roadmap including proof-of-stake model for block validation
Next news:Bitget Releases Announcement Regarding Abnormal BGB Price Fluctuations and Remedial Actions: On October 7, 2024, from 10:53:00 to 10:58:59 (UTC+8), the price of BGB tokens experienced abnormal volatility, affecting some users' open contracts and leveraged positions. After investigation, this anomaly was primarily caused by a few large leveraged trades, triggering a series of forced liquidations across staking loans, leveraged trading, and contract trading products. Bitget will fully compensate affected users. Eligible users are those who held or utilized the following products at the time of the abnormal occurrence: staking loans using BGB as collateral; leveraged positions that included BGB; and full or isolated contract positions that included BGB.

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.