SoSo Daily Oct. 12 | Ripple co-founder Chris Larsen donates $1 million in crypto to PAC supporting Kamala Harris' campaign

According to sosovalue, the price of $BTC is 62,561 USD, an increase of 3.1% from yesterday. The market cap of $BTC is 1.24 trillion USD, accounting for 54.2% of the total market cap; $BTC's 24-hour trading volume is 32.27 billion USD, making up 37% of the total trading volume.
The price of $ETH is 2,438.7 USD, up 1.14% from yesterday; the market cap of $ETH is 293.58 billion USD, representing 12.9% of the total market cap; $ETH's 24-hour trading volume is 12.81 billion USD, comprising 14.7% 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 51.7% 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 03:30 UTC0 time, according to sosovalue, the top five token gainers are:
Top 1 gainer is Neiro on ETH. As of 03:30 today, its market cap is 112.00M, with a coin price of 0.11200 USD, witnessing a 24-hour increase of 49.1%.
The second is Silly Dragon. As of 03:30 today, its market cap is 21.81M, with a coin price of 0.021810 USD, witnessing a 24-hour increase of 39.9%.
The third is Axelar. As of 03:30 today, its market cap is 624.78M, with a coin price of 0.77250 USD, showing a 24-hour increase of 31.9%.
In fourth place is WhiteBIT Token. As of 03:30 today, its market cap is 2.17B, its coin price is 15.027 USD, with a 24-hour rise of 30.3%.
In fifth place is LOBO•THE•WOLF•PUP. As of 03:30 today, its market cap is 22.26M, its coin price is 0.0012715 USD, increasing by 27.8% 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, 16 are up and 0 are down. Notably, AI, Meme, and DePIN sectors are worth mentioning.
AI sector has risen 7.35% relative to the UTC 0 time, led by gains in arkm (14.7%), lai (11.9%), and dbc (11.7%).
Meme sector has increased 4.69% relative to UTC 0, with silly (43.7%), LOBO (30.8%), and myro (25.4%) leading the rise.
DePIN sector has risen 3.78%, with flt (14.4%), dbc (11.7%), and MSN (10.8%) leading the rise.

Let's go through the Crypto news worth paying attention today according to sosovalue:
The first is:Ripple co-founder Chris Larsen donates $1 million in crypto to PAC supporting Kamala Harris' campaign
Next news:According to Wu, the Singaporean cryptocurrency trading platform Fairdesk announced via Twitter that it will officially shut down all services on November 30, 2024. Users must liquidate their accounts (futures and spot positions) by October 17, after which the platform will only retain withdrawal functionality until the closure on November 30. Since its establishment in 2021, Fairdesk has provided trading services to users in the United States and Canada, but the platform has decided to permanently close due to changes in the regulatory environment.
Next news:German citizen Horst Jicha has fled after failing to appear in court in a $150 million cryptocurrency fraud case in New York, and he is now a fugitive. He tampered with his ankle monitor on October 3 and subsequently did not show up for his hearing. The Brooklyn U.S. Attorney's Office is actively investigating to apprehend him. Of Jicha's $5 million bail, $4 million was personally guaranteed by his partners, children, and three others, with an additional $1 million in cash held by the federal government, putting their bail amounts at personal risk.
Next news:The defunct crypto exchange Mt. Gox has postponed its repayment deadline to 2025, providing temporary relief from selling pressure on Bitcoin. Mt. Gox, once one of the largest platforms for bitcoin trading, suffered a security breach in 2014 that resulted in the loss of 850,000 BTC.
Next news:According to a document dated October 11, Wu Shuo has learned that the U.S. SEC has once again postponed its decision on the spot Ethereum ETF options. The document states that the SEC has delayed making a decision on the proposed rule change, which aims to allow the Cboe exchange to list options related to several popular spot Ethereum ETFs. Initially, the SEC was required to make a decision on the proposal by October 19, 2024. Following this extension, the new review deadline has been postponed to December 3, 2024. The SEC stated that this extended timeframe will provide it with more time to fully assess the potential impact of the proposal on the market.
Next news:According to reports, the Avalanche Foundation tweeted that it has reached an agreement to repurchase all AVAX tokens sold to the Luna Foundation Guard (LFG) before April 2022, and is currently awaiting approval from the bankruptcy court. This move ensures that LFG will not violate the original agreement regarding the restrictions on the use of the tokens and protects the tokens from the complexities of liquidation by the bankruptcy trustee, while returning 1.97 million AVAX to the foundation's holdings. This further enhances the foundation's ability to support the continued growth and development of the Avalanche ecosystem.
Next news:According to Bitget market data, Bitcoin has risen above 61,000 USDT, currently quoted at 61,020.21 USDT, with a daily increase of 1.18%.
Next news:Yesterday, the net inflow for the US spot $BTC ETF was $253.54 million.
Next news:According to Wu Shuo, Khosla Ventures has raised a $405 million Special Purpose Vehicle (SPV) to invest in OpenAI's $6.60 billion funding round, as reported by The Information. Sources revealed that the SPV will consist of funds from Khosla Ventures and external investors. Venture capitalists typically support startups, but they also aggregate funds through SPVs to participate in later funding rounds. Previous projects that Khosla Ventures has invested in include: NEAR ecosystem blockchain infrastructure company Calimero Network, Worldcoin, investment application Seashell, Chain (XCN), and others.
Next news:According to Wu, Spot On Chain monitoring shows that GSR Markets withdrew 25.40 million NEIRO (approximately $2.41 million) from Bybit 8 hours ago. In the past three days, this market maker has withdrawn a total of 40.40 million NEIRO from Bybit, accounting for 4.04% of the total token supply. Currently, GSR's holdings have surpassed Wintermute's 27.63 million NEIRO (approximately $2.82 million).

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.