SoSo Daily Oct. 12 | BTC spot ETF total net inflow was $253.54M yesterday, with the net asset ratio reaching 4.71%.

Let's turn our attention to today's overall Crypto market situation.
As of 11:59 AM UTC0 time on October 12, 2024, according to sosovalue, the total market cap of the crypto market stands at 2.30 trillion US dollars, witnessing an increase of 1.41% compared to yesterday; the total trading volume is 83.83 billion US dollars, marking a decline of 9.63% from the previous day.

According to sosovalue, the price of $BTC is 62,937 USD, an increase of 2.88% from yesterday. The market cap of $BTC is 1.24 trillion USD, accounting for 54.1% of the total market cap; $BTC's 24-hour trading volume is 30.48 billion USD, making up 36.4% of the total trading volume.
The price of $ETH is 2,452.4 USD, up 1.43% from yesterday; the market cap of $ETH is 295.22 billion USD, representing 12.8% of the total market cap; $ETH's 24-hour trading volume is 11.92 billion USD, comprising 14.2% of the total trading volume.
The combined market capitalization of $BTC and $ETH accounts for 66.9% of the total cryptocurrency market cap, and their combined trading volumes constitute 50.6% 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 12:00 UTC0 time, according to sosovalue, the top five token gainers are:
Top 1 gainer is Epik Prime. As of 11:55 today, its market cap is 33.96M, with a coin price of 0.03225 USD, witnessing a 24-hour increase of 95.8%.
The second is Silly Dragon. As of 11:55 today, its market cap is 23.22M, with a coin price of 0.02322 USD, witnessing a 24-hour increase of 58.1%.
The third is Axelar. As of 11:55 today, its market cap is 652.03M, with a coin price of 0.8062 USD, showing a 24-hour increase of 35.2%.
In fourth place is Neiro on ETH. As of 11:55 today, its market cap is 115.80M, its coin price is 0.1158 USD, with a 24-hour rise of 34.2%.
In fifth place is Myro. As of 11:55 today, its market cap is 116.70M, its coin price is 0.1167 USD, increasing by 29.5% 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 NFT sectors are worth mentioning.
AI sector has risen 7.12% relative to the UTC 0 time, led by gains in arkm (17.8%), MASA (16.3%), and wld (11.1%).
Meme sector has increased 5.68% relative to UTC 0, with silly (59.8%), myro (29%), and mumu (28.9%) leading the rise.
NFT sector has risen 4.61%, with epik (94%), talk (10.1%), and coval (8.9%) leading the rise.

Let's go through the Crypto news worth paying attention today according to sosovalue:
The first is:

According to SoSoValue, as of October 11th (Eastern Time), Bitcoin spot ETFs experienced a total net inflow of $253.54M.

Yesterday, Grayscale's ETF GBTC had a net outflow of $22.09M, bringing GBTC's total historical net outflow to $20.19B.

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 $401.15M.

The Bitcoin spot ETF with the highest net inflow for the day was Fidelity's ETF FBTC, with a daily net inflow of $117.10M, with FBTC's total historical net inflow reaching $9.99B.

Following that, Ark Invest and 21Shares's ETF ARKB had a daily net inflow of $97.58M, with ARKB's total historical net inflow reaching $2.55B.

As of this writing, the total net asset value of Bitcoin spot ETFs stands at $58.66B, with the ETF net asset ratio (the market value relative to the total market value of Bitcoin) reaching 4.71%. The historical cumulative net inflow has reached $18.81B.

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

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 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:According to official announcements from Wu, the USDC trading zone under OKX's spot trading will add the following USDC trading pairs on October 14, 2024, from 5:00 PM to 5:30 PM (UTC+8): AEVO-USDC, ATH-USDC, CATI-USDC, ETHFI-USDC, JUP-USDC, ZETA-USDC.
Next news:The cybersecurity company Checkmarx has released a report revealing a dangerous malware lurking on the Python Package Index (PyPI) platform. This malware masquerades as decoding applications for popular wallets such as MetaMask, Atomic, and TronLink, and is capable of stealing sensitive user data like private keys and seed phrases. Checkmarx researchers stated that since these malicious packages were first discovered in March, the PyPI platform has implemented measures such as pausing new projects and new user accounts; however, the malware reappeared again in early October, with total downloads exceeding 3,700.
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 law firm Pomerantz LLP has announced that it has filed a class action lawsuit against the NASDAQ-listed cryptocurrency exchange Coinbase Global, Inc., involving allegations that Coinbase and certain of its executives and/or directors participated in securities fraud or other illegal business activities.
Next news:According to the official website of Huobi HTX, Huobi HTX has updated the Merkle tree asset proof data for October 2024 at 00:00:00 (UTC+8) on October 1. The reserve ratios of the 8 audited assets remain above 100%. This update marks the 24th public disclosure since Huobi HTX introduced the Merkle tree audit mechanism. The specific updated reserve ratios are: $BTC 100%, $ETH 101%, TRX 105%, USDT 100%, HTX 105%, XRP 102%, DOGE 101%, SOL 102%.
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:Two months ago, an institution bought 40,000 $ETH at an average price of $3,167. Ten hours ago, this institution transferred 22.20 thousand $ETH to a new address, equivalent to approximately $54.14 million. The institution currently still holds 27,927 $ETH across two addresses, totaling approximately $68.02 million, and has an unrealized loss of $20.41 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.