SoSo Daily Oct. 12 | Neiro Responds to Gotbit Market Maker Controversy

According to sosovalue, the price of $BTC is 63,103 USD, an increase of 0.295% from yesterday. The market cap of $BTC is 1.25 trillion USD, accounting for 54.1% of the total market cap; $BTC's 24-hour trading volume is 24.22 billion USD, making up 33% of the total trading volume.
The price of $ETH is 2,475.7 USD, up 1.05% from yesterday; the market cap of $ETH is 298.03 billion USD, representing 12.9% of the total market cap; $ETH's 24-hour trading volume is 10.67 billion USD, comprising 14.5% 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 47.5% 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 17:55 UTC0 time, according to sosovalue, the top five token gainers are:
Top 1 gainer is Silly Dragon. As of 17:55 today, its market cap is 22.32M, with a coin price of 0.022320 USD, witnessing a 24-hour increase of 56.5%.
The second is Epik Prime. As of 17:55 today, its market cap is 31.39M, with a coin price of 0.029810 USD, witnessing a 24-hour increase of 46.7%.
The third is Neiro on ETH. As of 17:55 today, its market cap is 122.10M, with a coin price of 0.12210 USD, showing a 24-hour increase of 31.6%.
In fourth place is Picasso. As of 17:55 today, its market cap is 5.46M, its coin price is 0.00065000 USD, with a 24-hour rise of 30%.
In fifth place is WhiteBIT Token. As of 17:55 today, its market cap is 2.18B, its coin price is 15.097 USD, increasing by 28.3% 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, 15 are up and 1 is down. Notably, AI, NFT, and GameFi sectors are worth mentioning.
AI sector has risen 4.33% relative to the UTC 0 time, led by gains in arkm (14.3%), MASA (9.41%), and tao (8.34%).
NFT sector has increased 2.95% relative to UTC 0, with epik (24.2%), talk (10.1%), and mplx (8.5%) leading the rise.
GameFi sector has risen 2.34%, with roco (15.6%), brn (15.5%), and DREAMS (14%) leading the rise.

Let's go through the Crypto news worth paying attention today according to sosovalue:
The first is:Wu learned that Neiro issued a statement saying that any issues involving Gotbit or its employees are unrelated to Neiro. They have withdrawn some MM funds from the community multisig and while waiting for the remaining funds, Chief Technology Officer S will allocate his personal funds to the market-making business. ZachXBT questioned that the Neiro team is well aware of Gotbit's bad reputation but chooses to turn a blind eye. Chief Technology Officer S explained: When Sun Yuchen tweeted for us to list on HTX, we did not have market makers, and HTX required a market maker. Gotbit was the only market maker we had good connections with, and the agreement provided by Gotbit was also the most affordable. Ultimately, I take full responsibility for this. I should have been more careful. I am shocked by the outcome and have paid a heavy price for it.
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: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:James Howells, an IT engineer from Newport, UK, is suing the Newport City Council for £495 million (approximately $647 million) after accidentally discarding a hard drive containing 8,000 bitcoins. Howells has made several attempts to retrieve the hard drive from a local landfill but has faced opposition from the council, which has repeatedly denied his requests to excavate the site. Howells has assembled a team of legal experts to file a lawsuit, which is expected to be heard in December. (Cointelegraph)
Next news:According to Wu Shuo, OKX announced that it will launch X (X empire) on October 15, 2024, and will open spot trading and pre-market futures trading. According to the announcement, X token deposits will open at 20:00 Beijing time on October 15, the collective auction will take place from 19:00 to 20:00 on October 24, and the X/USDT spot trading will start at 20:00 on the same day, with the withdrawal function opening at 18:00 on October 25. The pre-market contracts will be settled 3 hours after the listing of the X token, and the settlement price will be determined within 2 to 3 hours after the token is listed. X empire is a "Tap-to-earn" game based on Telegram, claiming to have more than 50 million users.
Next news:

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 Bitget market data, SUI has risen above 2.2 USDT, reaching a new all-time high, with a 24-hour increase of 13.64%.
Next news:Bitget has launched U-based CARV perpetual contracts, with a maximum leverage of 20x. Contract strategy trading is now open for synchronization.
Next news:According to official news, Bitget will launch pre-market trading for X Empire (X) at 16:00. Users can trade in advance before the spot trading of X opens.
Next news:Bitget officially launches the Telegram App Center, aimed at encouraging developers to introduce innovative applications and bots, further enriching the ecosystem. The Bitget Telegram App Center is a curated platform featuring over 600 applications and bots developed on the Telegram Open Network (TON).

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.