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 62,356 USD, a decrease of 2.21% 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 28.71 billion USD, making up 30.3% of the total trading volume.
The price of $ETH is 2,442.2 USD, down 1.27% from yesterday; the market cap of $ETH is 293.98 billion USD, representing 13% of the total market cap; $ETH's 24-hour trading volume is 14.47 billion USD, comprising 15.3% of the total trading volume.
The combined market capitalization of $BTC and $ETH accounts for 67.4% of the total cryptocurrency market cap, and their combined trading volumes constitute 45.6% 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 Thena. As of 17:55 today, its market cap is 20.48K, with a coin price of 0.00041190 USD, witnessing a 24-hour increase of 49%.
The second is OG Fan Token. As of 17:55 today, its market cap is 12.57M, with a coin price of 9.4470 USD, witnessing a 24-hour increase of 48.6%.
The third is Epik Prime. As of 17:55 today, its market cap is 17.21M, with a coin price of 0.016340 USD, showing a 24-hour increase of 37.1%.
In fourth place is Permission Coin. As of 17:55 today, its market cap is 3.02M, its coin price is 0.00014120 USD, with a 24-hour rise of 35.2%.
In fifth place is Alpine F1 Team Fan Token. As of 17:55 today, its market cap is 18.99M, its coin price is 1.6720 USD, increasing by 28.8% 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, 1 is up and 15 are down. Notably, Layer2, GameFi, and Meme sectors are worth mentioning.
Layer2 sector has fallen -4.96% relative to the UTC 0 time, led by declines in DYM (-10.6%), SAGA (-10.2%), and zkf (-10.1%).
GameFi sector has decreased -5.84% relative to UTC 0, with undead (-25.5%), was (-12.2%), and cati (-10.8%) leading the drop.
Meme sector has fallen -6.19%, with mew (-15.6%), SC (-14.9%), and mumu (-12.9%) leading the decline.

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:Stocks tied to Chinese markets fell sharply on Tuesday after Beijing decided to hold off on new stimulus measures aimed at supporting the economy. QCP Capital analysts view this downturn as a potential opportunity for capital reallocation into the cryptocurrency market. During the Asian trading session, Chinese companies that traded on the Stock Exchange of Hong Kong, including Alibaba Group and JD.com, experienced significant declines. The MSCI AC Asia Pacific equity index recorded its largest drop in a month, while Hong Kong equities faced their steepest single-day loss since 2008. Additionally, the CBOE Volatility Index surged, reflecting increased market uncertainty. However, expectations in the crypto derivatives market for future bitcoin price swings are currently lower than recent actual volatility. Today's market decline comes after almost two weeks of China-related stock gains after Beijing announced a series of economic stimulus measures. The People’s Bank of China Governor emphasized that these efforts aim to stimulate domestic demand and financial markets, boosting investor confidence. In the past 24 hours, gold increased, while bitcoin traded flat.
Next news:Wu has learned that Crypto.com has filed a lawsuit against the U.S. Securities and Exchange Commission (SEC). Crypto.com stated that this lawsuit against the SEC was initiated after receiving a Wells notice from the Commission's staff. This notice indicates that while both parties have expressed that the next administration will adopt a more constructive and effective approach to promote the development of cryptocurrency technology in the U.S., the SEC's unauthorized and unjust enforcement actions continue. Currently, the SEC's improper enforcement actions have become a part of the challenges faced by legitimate and licensed cryptocurrency businesses operating in the U.S. Crypto.com believes that the SEC has unilaterally expanded its statutory authority and also contends that the SEC has established an unlawful rule that considers almost all cryptocurrency transactions as securities transactions, regardless of how they are sold, while similar transactions in Bitcoin ($BTC) and Ethereum ($ETH) are exempt from this classification. This illegal rule was never subjected to the notice and comment period required by the Administrative Procedure Act, and the agency's application of this rule has been arbitrary and capricious, especially when the characteristics of these cryptocurrency assets are nearly identical to those of $BTC and $ETH and are sold in the same manner.
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:Alchemy Pay's virtual card is now available on Google Pay and will soon be launched on Samsung Pay, providing users with a seamless way to use cryptocurrencies.
Next news:The South Korean government plans to implement foreign exchange controls on cross-border transactions involving stablecoins pegged to the US dollar and to expand the use of stablecoins as a means of payment and transaction in the real economy. The Financial Services Commission of South Korea will reference legislative cases from other countries and regions and consult with relevant departments to develop a regulatory framework for stablecoins. Initially, a stablecoin issuance system pegged to the Korean won will be established, which will gradually expand to include stablecoins pegged to foreign currencies.
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:According to Wu's report, Whale Alert has monitored that USDC Treasury destroyed 50 million USDC on the Ethereum blockchain at around 23:11 Beijing time today.
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: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.