SoSo Daily Oct. 14 | Gate Ventures and Boon Ventures have partnered with Movement Labs to establish a $20 million Move ecosystem fund.

According to sosovalue, the price of $BTC is 62,874 USD, a decrease of 0.526% 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 18.11 billion USD, making up 28.5% of the total trading volume.
The price of $ETH is 2,468.9 USD, down 0.302% from yesterday; the market cap of $ETH is 297.22 billion USD, representing 13% of the total market cap; $ETH's 24-hour trading volume is 8.18 billion USD, comprising 12.9% of the total trading volume.
The combined market capitalization of $BTC and $ETH accounts for 67.2% of the total cryptocurrency market cap, and their combined trading volumes constitute 41.4% 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 23:55 UTC0 time, according to sosovalue, the top five token gainers are:
Top 1 gainer is CARV. As of 23:55 today, its market cap is 0E-8, with a coin price of 1.1363 USD, witnessing a 24-hour increase of 89.1%.
The second is GME. As of 23:55 today, its market cap is 36.08M, with a coin price of 0.0052400 USD, witnessing a 24-hour increase of 47.2%.
The third is Dust Protocol. As of 23:55 today, its market cap is 6.16M, with a coin price of 0.18490 USD, showing a 24-hour increase of 27%.
In fourth place is Slerf. As of 23:55 today, its market cap is 109.90M, its coin price is 0.21980 USD, with a 24-hour rise of 23.6%.
In fifth place is L7DEX. As of 23:55 today, its market cap is 143.86K, its coin price is 0.0030200 USD, increasing by 22% 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, 1 is up and 15 are down. Notably, the AI sector is worth mentioning.
AI sector has fallen -2.34% relative to the UTC 0 time, led by declines in heart (-9.48%), paal (-6.37%), and tai (-6.08%).

Let's go through the Crypto news worth paying attention today according to sosovalue:
The first is:According to Foresight News and reported by Cointelegraph, venture capital firms Gate Ventures and Boon Ventures have announced a partnership with Movement Labs to establish a new $20 million fund that will invest in the Move ecosystem projects, including DeFi, GameFi, and interoperability solutions for data and asset transfer between the Move and EVM ecosystems. Startups supported by this initiative will also participate in its mentoring program and hackathons, with the opportunity to join the blockchain interoperability research grant program.
Next news:According to Foresight News, the Arbitrum community has released a proposal suggesting to transfer 220 million ARB tokens (approximately 122 million USD) from its Game Catalyst Program (GCP) to the Arbitrum DAO treasury, leaving 3.65 million ARB to continue operations for the GCP (around 2 million USD) until it indicates a need for more funding deployment. The proposal states that since the GCP was approved on June 10 (over 4 months ago), approximately 1.70 million ARB has been spent, but the GCP has failed to release progress as planned, has not created a website, published an RFP, or considered grants, and it is unclear whether permanent council members have been elected. Although GCP provided some updates in posts on the Arbitrum DAO forum, the pace of public updates seems to have not met the proposal's requirement for updates every two weeks.
Next news:The DeepBook airdrop claim website will open tomorrow at 17:55. The Sui liquidity protocol DeepBook has announced that the DEEP token will be launched on October 14th. The claim website will open at 17:55 Beijing time. Holders of DBClaimNFT can burn their NFTs on the claim website to receive the DEEP airdrop. The DEEP token will be publicly issued on centralized and decentralized exchanges at 18:00.
Next news:DeFi Technologies' subsidiary Valour has launched the Valour Sui (SUI) ETP on the Swedish stock market, providing retail and institutional investors with investment opportunities in SUI.
Next news:SpaceX's "Starship" ignited and launched, while the launch tower "Mechazilla" successfully caught the returning Super Heavy rocket.
Next news:The CME Bitcoin contract open interest is $9.82 billion, with a 24-hour increase of 4.54%.
Next news:Advocates of decentralized physical infrastructure networks, or DePIN, claim that these projects deliver real-world value and are resistant to bear markets. Akash CEO Greg Osuri discusses the appeal of DePIN to mainstream users and regulators. He also emphasizes the need for separate regulation for DePIN compared to other crypto sectors.
Next news:In April 2022, the Luna Foundation Guard purchased $100 million worth of Avalanche's AVAX tokens. However, the collapse of the Terra ecosystem put the future of the tokens into question. Now, the Avalanche Foundation has negotiated a deal to repurchase the tokens from Terraform Labs' bankrupt estate. The agreement is pending court approval.
Next news:Off The Grid, a cyberpunk-themed battle royale video game, has become the #1 free-to-play game on the Epic Games Store. The game, created by Neil Blomkamp and featuring partnerships with popular streamers, is gaining popularity on Twitch. It utilizes a blockchain network called GUNZ for its digital economy, allowing players to use in-game tokens to purchase and trade items. Gunzilla, the developer of Off The Grid, plans to allow other gaming studios to leverage GUNZ for their own projects.
Next news:The fund will support protocols targeting the Move programming language and interoperability with the Ethereum ecosystem.

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.