SoSo Daily Oct. 9 | Crypto.com Sues SEC, Chair Gary Gensler After Receiving Wells Notice

According to sosovalue, the price of $BTC is 62,163 USD, a decrease of 0.0982% from yesterday. The market cap of $BTC is 1.23 trillion USD, accounting for 54.2% of the total market cap; $BTC's 24-hour trading volume is 25.00 billion USD, making up 28.4% of the total trading volume.
The price of $ETH is 2,440.9 USD, up 0.75% from yesterday; the market cap of $ETH is 293.83 billion USD, representing 13% of the total market cap; $ETH's 24-hour trading volume is 14.24 billion USD, comprising 16.2% 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 44.6% 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 23:55 UTC0 time, according to sosovalue, the top five token gainers are:
Top 1 gainer is Thena. As of 23:55 today, its market cap is 22.39K, with a coin price of 0.00045020 USD, witnessing a 24-hour increase of 66.9%.
The second is Wing Finance. As of 23:55 today, its market cap is 28.97M, with a coin price of 6.2620 USD, witnessing a 24-hour increase of 42%.
The third is Epik Prime. As of 23:55 today, its market cap is 15.31M, with a coin price of 0.014540 USD, showing a 24-hour increase of 38.5%.
In fourth place is MOO DENG. As of 23:55 today, its market cap is 161.64M, its coin price is 0.16328 USD, with a 24-hour rise of 29.4%.
In fifth place is Cellframe. As of 23:55 today, its market cap is 26.32M, its coin price is 0.91450 USD, increasing by 28.1% 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, CeFi and GameFi sectors are worth mentioning.
CeFi sector has risen 2.42% relative to the UTC 0 time, led by gains in troy (15.1%), ox (13.1%), and lovely (9.09%).
GameFi sector has decreased -2.42% relative to UTC 0, with wlkn (-8.49%), naka (-8.25%), and prime (-7.59%) leading the drop.

Let's go through the Crypto news worth paying attention today according to sosovalue:
The first is:Crypto.com sues SEC and Chair Gary Gensler after receiving Wells Notice
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:Once seen as a peer-to-peer digital currency, Bitcoin has evolved into an asset worth over $1.3 trillion, with increasing utility at the forefront of decentralized finance (DeFi). Despite its immense value and significance, Bitcoin has been criticized for its slow adaptation to innovations in the DeFi space and the broader on-chain innovations. Staking, for instance —where users lock their assets into a network to receive rewards— remains inaccessible for Bitcoin holders. In response to Bitcoin’s limitations, Solv Protocol has introduced an innovative approach to enable greater participation in DeFi through its Staking Abstraction Layer (SAL). With BNB Chain, Ceffu, and Chainlink as launch partners, Solv’s SAL represents a comprehensive smart contract suite designed to simplify and standardize Bitcoin staking across multiple blockchain ecosystems. The idea is to abstract away the complexities that have made Bitcoin staking intimidating for both users and developers. SAL facilitates seamless interaction between Bitcoin mainnet and EVM-compatible chains, while integrating with LST issuers, staking protocols, and validators. Through these partnerships, Solv offers a user-friendly platform where Bitcoin holders can earn yields without facing the complexities that have traditionally hindered $BTC staking. SAL is more than just another staking platform; it’s a suite of smart contracts designed to simplify and standardize Bitcoin staking across chains. It removes the complexities that have made Bitcoin staking intimidating for both users and developers. SAL facilitates seamless interaction between Bitcoin’s mainnet and Ethereum-compatible chains while integrating with LST issuers, staking protocols, and validators. To achieve this, SAL unites key players in the ecosystem. Staking platforms like Babylon and CoreDAO are integrated into SAL, allowing users to stake their Bitcoin with fewer steps and earn rewards. LST issuers like Solv and Lombard enable users to keep their Bitcoin liquid while staking. Validators like Ceffu and Fireblocks ensure all transactions are secure and accurately match staked Bitcoin with the LSTs issued. SAL also works with yield distributors like Pendle to guarantee that rewards are distributed fairly and transparently. Users can participate in restaking by staking their Bitcoin on networks like Babylon, leveraging Bitcoin’s economic security to support Proof of Stake (PoS) ecosystems. They can also earn validator rewards by staking their Bitcoin on Layer 2 networks such as CoreDAO and Stacks, earn yields by operating validator nodes or delegating BTC. For those seeking to minimize risk, Bitcoin holders can participate in delta-neutral trading strategies curated by Solv, on platforms such as GMX and Ethena, earning yields in $BTC through liquidity provision and basis trading, with minimal exposure to market volatility. These diverse opportunities transform Bitcoin from a passive store of value into a dynamic, yield-generating asset, all while maintaining liquidity. SAL is designed to address the challenges of Bitcoin staking—such as cross-chain complexity, limited programmability, and liquidity constraints—while also building the infrastructure for long-term growth. "We strive to make it easy for people to participate in Bitcoin staking with minimal friction," said Ryan Chow, CEO of Solv Protocol. "By simplifying the process, Bitcoin holders can now engage in staking, earn yields, and maintain liquidity without needing to navigate the complexities that previously held Bitcoin back from its full potential." Chow also emphasized the importance of partnerships with industry leaders such as BNB Chain, Ceffu and Chainlink: “We are creating an ecosystem where Bitcoin holders can not only store value but also grow it through yield-generating opportunities.” As Bitcoin staking continues to evolve, SAL is poised to play a pivotal role in driving mass adoption. With over 20,000 $BTC already staked through Solv’s platform, the momentum is clear. As more protocols and validators integrate with SAL, Bitcoin is set to transform from a static asset into a fully integrated player in the onchain ecosystems.
Next news:According to Bitget's market data, Bitcoin has dropped below 62,000 USDT, currently priced at 61,952.09 USDT, with a daily decline of 0.48%.
Next news:Based on current prices and the potential implications of Donald Trump winning the U.S. presidential race, Standard Chartered's Geoff Kendrick forecasts that by the end of 2025, solana's price could increase fivefold, ether could rise fourfold, and bitcoin could triple in value.
Next news:Crypto.com received a Wells Notice from the U.S. Securities and Exchange Commission.
Next news:Cross-chain interoperability protocol deBridge has introduced deBridge Hooks, enabling real-time trustless data transfers between blockchains. Solflare Wallet and Solana-based decentralized exchange Zeta Markets are among the new feature’s launch partners. The project claimed that by incorporating deBridge Hooks, assets and custom data can now be transferred across chains near-instantly. Key use cases include cross-chain asset distribution, blockchain abstraction for user acquisition, smoother user onboarding and automated action triggers for protocols and dapps. deBridge also unveiled plans for its DBR token, which is expected to launch on Oct. 17.
Next news:According to CoinDesk, AI Web3 startup Bluwhale plans to raise $10 million through node sales. The company uses smartphones as collateral for loans, and the node sales activity will continue from now until the end of November.
Next news:According to Fortune, Kiva AI, a startup focused on developing AI applications for specific fields, announced the completion of a $7 million seed round financing, led by cryptocurrency venture capital firm Coinfund. Institutional investors such as Protagonist, Hashkey, and Peer VC also participated in this round. The funding will mainly be used to recruit high-level engineers to build, sell, and deliver Kiva AI's products.
Next news:According to reports, the official Twitter account of Injective, an L1 blockchain based on Cosmos, announced that NTT Digital, a Web3 subsidiary of the Japanese mobile communications company NTT Docomo, has officially joined Injective as its latest validator. NTT chose Injective as its primary blockchain partner to expand into Web3.

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.