SoSo Daily Oct. 11 | Yesterday, the net inflow/outflow of US spot Ethereum ETF was zero

Let's turn our attention to today's overall Crypto market situation.
As of 5:59 AM UTC0 time on October 11, 2024, according to sosovalue, the total market cap of the crypto market stands at 2.22 trillion US dollars, witnessing a decrease of 1.33% compared to yesterday; the total trading volume is 91.59 billion US dollars, marking an increase of 4.72% from the previous day.

According to sosovalue, the price of $BTC is 60,642 USD, a decrease of 0.491% from yesterday. The market cap of $BTC is 1.20 trillion USD, accounting for 54% of the total market cap; $BTC's 24-hour trading volume is 31.09 billion USD, making up 33.9% of the total trading volume.
The price of $ETH is 2,408.6 USD, up 0.126% from yesterday; the market cap of $ETH is 289.95 billion USD, representing 13.1% of the total market cap; $ETH's 24-hour trading volume is 14.67 billion USD, comprising 16% of the total trading volume.
The combined market capitalization of $BTC and $ETH accounts for 67.1% of the total cryptocurrency market cap, and their combined trading volumes constitute 49.9% 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 05:55 UTC0 time, according to sosovalue, the top five token gainers are:
Top 1 gainer is Silly Dragon. As of 05:55 today, its market cap is 15.81M, with a coin price of 0.015810 USD, witnessing a 24-hour increase of 38.8%.
The second is Onomy Protocol. As of 05:55 today, its market cap is 4.14M, with a coin price of 0.030730 USD, witnessing a 24-hour increase of 36.2%.
The third is Neiro on ETH. As of 05:55 today, its market cap is 76.30M, with a coin price of 0.076300 USD, showing a 24-hour increase of 35.3%.
In fourth place is KALM. As of 05:55 today, its market cap is 262.67K, its coin price is 0.030750 USD, with a 24-hour rise of 30.7%.
In fifth place is Thena. As of 05:55 today, its market cap is 15.69K, its coin price is 0.00031520 USD, increasing by 29.3% 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, 6 are up and 10 are down. Notably, the AI sector is worth mentioning.
The AI sector has fallen -2.53% relative to the UTC 0 time, led by declines in heart (-7.21%), dsla (-6.05%), and iq (-5.86%).

Let's go through the Crypto news worth paying attention today according to sosovalue:
The first is:On October 9, the total net outflow of the US Bitcoin spot ETF was 40.5619 million US dollars. The total net inflow of the Ethereum spot ETF was zero, which was the third zero trading day after the launch.
Next news:The SEC sues crypto market maker Cumberland DRW for allegedly trading unregistered securities.
Next news:

According to SoSoValue, as of October 9th (Eastern Time), Bitcoin spot ETFs experienced a total net outflow of $40.56M.

Yesterday, Grayscale's ETF GBTC had a net outflow of $0.00 , bringing GBTC's total historical net outflow to $20.15B.

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 BlackRock's ETF IBIT, with a daily net inflow of $13.88M, with IBIT's total historical net inflow reaching $21.71B.

As of this writing, the total net asset value of Bitcoin spot ETFs stands at $56.63B, with the ETF net asset ratio (the market value relative to the total market value of Bitcoin) reaching 4.74%. The historical cumulative net inflow has reached $18.67B.

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

Next news:The SEC announced it was filing an appeal last week.
Next news:Prosecutors request 18-month prison sentence for Heather 'Razzlekhan' Morgan in Bitfinex hack case
Next news:

The Japanese listed company Metaplanet has once again purchased 108.99 $BTC, bringing its total holdings to 748.502 BTC.

Next news:According to on-chain analyst Yu Jin, a certain whale sold 31,563 AAVE 9 hours ago, worth approximately $4.51 million, with a profit of about $1.52 million. This address withdrew AAVE from Binance on July 2 at a price of $94.7, and after holding it for 3 months, sold it for a profit at a price of $142.8. Among them, 6,314 were sold on-chain, and 25,249 were transferred to Binance.
Next news:According to Wu Shuo, as reported by FOX Business, the cryptocurrency derivatives trading platform Bitnomial has sued the U.S. SEC, questioning its regulatory authority over XRP futures contracts. According to the lawsuit filed by Bitnomial, shortly after the lawsuit was submitted, the SEC contacted the trading platform, claiming that XRP futures are securities futures jointly regulated by the SEC and the Commodity Futures Trading Commission (CFTC), and stated that if Bitnomial continues to list XRP futures contracts, it will violate federal securities laws. The SEC also stated that Bitnomial must comply with additional requirements before listing XRP futures, including registering as a national securities exchange. The lawsuit points out that the SEC believes the underlying asset XRP is an investment contract, thus making trading of XRP a security under the Securities Exchange Act. Bitnomial disagrees with the SEC's perspective.
Next news:Commissioner Mark Uyeda criticizes SEC's approach to cryptocurrencies
Next news:Lookonchain tweeted that the address that previously suffered a phishing attack resulting in a loss of 15,079 fwDETH (approximately 35 million USD) may be related to Continue Capital.

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.