SoSo Daily Oct. 11 | Bitnomial Sues SEC Over Securities Label on XRP Futures

Let's turn our attention to today's overall Crypto market situation.
As of 11:59 AM UTC0 time on October 11, 2024, according to sosovalue, the total market cap of the crypto market stands at 2.24 trillion US dollars, witnessing a decrease of 0.615% compared to yesterday; the total trading volume is 92.76 billion US dollars, marking an increase of 3.25% from the previous day.

According to sosovalue, the price of $BTC is 61,175 USD, a decrease of 0.142% from yesterday. The market cap of $BTC is 1.21 trillion USD, accounting for 54% of the total market cap; $BTC's 24-hour trading volume is 27.67 billion USD, making up 29.8% of the total trading volume.
The price of $ETH is 2,417.8 USD, up 0.468% from yesterday; the market cap of $ETH is 291.06 billion USD, representing 13% of the total market cap; $ETH's 24-hour trading volume is 14.69 billion USD, comprising 15.8% of the total trading volume.
The combined market capitalization of $BTC and $ETH accounts for 67% 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 11:55 UTC0 time, according to sosovalue, the top five token gainers are:
Top 1 gainer is LOBO•THE•WOLF•PUP. As of 11:55 today, its market cap is 20.36M, with a coin price of 0.0011631 USD, witnessing a 24-hour increase of 44.4%.
The second is Neiro on ETH. As of 11:55 today, its market cap is 86.80M, with a coin price of 0.086800 USD, witnessing a 24-hour increase of 44.2%.
The third is Shark Cat. As of 11:55 today, its market cap is 38.37M, with a coin price of 0.038760 USD, showing a 24-hour increase of 40.2%.
In fourth place is Onomy Protocol. As of 11:55 today, its market cap is 4.27M, its coin price is 0.031710 USD, with a 24-hour rise of 38.9%.
In fifth place is CATS. As of 11:55 today, its market cap is 0E-8, its coin price is 0.000091000 USD, increasing by 34.4% over the last 24 hours.


Moving on, let's take a look at the sector performance in crypto market.
According to sosovalue, out of 16 sectors, 14 are up and 2 are down. Notably, Layer2 and SocialFi sectors are worth mentioning.
Layer2 sector has risen 2.17% relative to the UTC 0 time, led by gains in zkf (14.1%), TIA (7.61%), and metis (6.12%).
SocialFi sector has increased 2.05% relative to UTC 0, with rfr (9.36%), moon (5.92%), and mlk (3.43%) leading the rise.

Let's go through the Crypto news worth paying attention today according to sosovalue:
The first is:Crypto derivatives exchange Bitnomial has filed a lawsuit against the U.S. Securities and Exchange Commission, alleging that the agency had “inappropriate” jurisdiction over its XRP Futures product. Bitnomial disagrees with the SEC’s view that XRP is a security and argues that the SEC effectively prevented the company from listing XRP Futures contracts. The legal dispute between Ripple and the SEC on XRP is still ongoing.
Next news: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:$35 million worth of tokens drained from a crypto whale in phishing attack
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:A Nigerian court rejected the bail request of Binance executive Tigran Gambaryan due to health issues.
Next news:MicroStrategy aims to become the leading bitcoin bank, according to founder Michael Saylor. The company has aggressively acquired bitcoin and currently holds 252,220 $BTC, valued at over $15 billion. Saylor believes that bitcoin is the top-performing asset of the 21st century and sees it as a powerful hedge against inflation. He envisions MicroStrategy becoming a trillion-dollar company by creating bitcoin capital market instruments and expanding into fixed income markets.
Next news:Wu said that South Korean NFT artist DeeKay tweeted that all his crypto wallets were stolen. He suspects that this attack may have been due to a mnemonic phrase leak. He had synchronized a photo of his handwritten mnemonic phrase (non-digital version) to Google Drive and hidden it in a random folder, but found no suspicious login activity. Although the funds were stolen, his NFT assets remained unaffected. He has now started to transfer valuable NFTs to a new secure wallet.
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:Prosecutors request 18-month prison sentence for Heather 'Razzlekhan' Morgan in Bitfinex hack case

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.