SoSo Daily Oct 17 | BTC spot ETF total net inflow was $458.54M yesterday, marking a 4 days of consistent inflow.

Let's turn our attention to today's overall Crypto market situation.
As of 5:59 AM UTC0 time on October 17, 2024, according to sosovalue, the total market cap of the crypto market stands at 2.43 trillion US dollars, witnessing a decrease of 0.745% compared to yesterday; the total trading volume is 102.11 billion US dollars, marking a decline of 24.6% from the previous day.

According to sosovalue, the price of $BTC is 67,333 USD, an increase of 0.17% from yesterday. The market cap of $BTC is 1.33 trillion USD, accounting for 54.9% of the total market cap; $BTC's 24-hour trading volume is 36.68 billion USD, making up 35.9% of the total trading volume.
The price of $ETH is 2,626.5 USD, up 0.286% from yesterday; the market cap of $ETH is 316.19 billion USD, representing 13% of the total market cap; $ETH's 24-hour trading volume is 16.49 billion USD, comprising 16.1% of the total trading volume.
The combined market capitalization of $BTC and $ETH accounts for 67.9% of the total cryptocurrency market cap, and their combined trading volumes constitute 52% 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 05:55 UTC0 time, according to sosovalue, the top five token gainers are:
Top 1 gainer is MetaCene. As of 05:55 today, its market cap is 0E-8, with a coin price of 0.046330 USD, witnessing a 24-hour increase of 40.4%.
The second is Polkadex. As of 05:55 today, its market cap is 822.84K, with a coin price of 0.11030 USD, witnessing a 24-hour increase of 31.8%.
The third is Drops Ownership Power. As of 05:55 today, its market cap is 37.20K, with a coin price of 0.0027640 USD, showing a 24-hour increase of 28.8%.
In fourth place is MATH. As of 05:55 today, its market cap is 64.68M, its coin price is 0.36180 USD, with a 24-hour rise of 27.4%.
In fifth place is Humans.ai. As of 05:55 today, its market cap is 99.15M, its coin price is 0.015710 USD, increasing by 27% 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, 5 are up and 11 are down. Notably, NFT, DePIN, and AI sectors are worth mentioning.
NFT sector has fallen -2.6% relative to the UTC 0 time, led by declines in EPIK (-13.5%), TALK (-11%), and COVAL (-8.51%).
DePIN sector has decreased -2.73% relative to UTC 0, with WIFI (-33.1%), NCDT (-13.3%), and WSI (-7.65%) leading the drop.
AI sector has fallen -4.95%, with ARKM (-9.56%), TAO (-7.86%), and TAI (-6.52%) leading the decline.

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

According to SoSoValue, as of October 16th (Eastern Time), Bitcoin spot ETFs experienced a total net inflow of $458.54M.

Yesterday, Grayscale's ETF GBTC had a net outflow of $0.00 , bringing GBTC's total historical net outflow to $20.14B.

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 $419.18M.

The Bitcoin spot ETF with the highest net inflow for the day was BlackRock's ETF IBIT, with a daily net inflow of $393.40M, with IBIT's total historical net inflow reaching $22.46B.

Following that, Fidelity's ETF FBTC had a daily net inflow of $14.81M, with FBTC's total historical net inflow reaching $10.27B.

As of this writing, the total net asset value of Bitcoin spot ETFs stands at $64.46B, with the ETF net asset ratio (the market value relative to the total market value of Bitcoin) reaching 4.82%. The historical cumulative net inflow has reached $20.19B.

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

Next news:According to information disclosed by security company Ancilia, the cross-chain lending protocol Radiant Capital suffered a cyber attack in the early hours of October 17, resulting in losses exceeding 50 million USD. Radiant is controlled by a multi-signature wallet, and the attackers gained control of the private keys of several signers, subsequently taking over multiple smart contracts. The suspect's wallet holds assets worth over 32 million USD based on Arbitrum and approximately 18 million USD in BNB Chain tokens. SlowMist has reminded users to revoke authorization for compromised addresses to avoid potential secondary damage.
Next news:According to Cointelegraph, a recent report released by Aspen Digital shows that interest in cryptocurrencies among private wealth in Asia is significantly increasing. The survey reveals that 76% of Asian private wealth has already ventured into digital assets, with another 18% planning to invest in the future, totaling up to 94%. The report surveyed 80 family offices and high-net-worth individuals in the Asia region, most of whom manage assets ranging from 10 million to 500 million USD. This represents a substantial increase compared to just 58% of respondents involved in digital assets in 2022. With the approval of spot Bitcoin ETFs in the United States and Hong Kong, 53% of respondents gained exposure to cryptocurrencies through funds or ETFs.
Next news:According to Foresight News, Vitalik has released a new article titled "Future Development of the Ethereum Protocol (Part Two: The Surge)". He stated that key goals for Ethereum include: achieving over 100,000 TPS on L1 + L2; maintaining decentralization and robustness on L1; ensuring that at least some L2s fully inherit Ethereum's core attributes (trustlessness, openness, and censorship resistance); and achieving maximum interoperability between L2s. Ethereum should function as an ecosystem, rather than 34 different blockchains.
Next news:According to Cointelegraph, blockchain analytics firm Chainalysis is facing a $650 million defamation lawsuit for allegedly mislabeling the YieldNodes project as a scam. The case will be heard in the New York Supreme Court. The plaintiff, Exceptional Media, claims that Chainalysis's erroneous classification has severely damaged its reputation and client base, and that there was malice involved. Chainalysis has filed multiple motions to dismiss, arguing that the complaint fails to prove its analysis was incorrect and maintains that YieldNodes could indeed be an investment scam. Chainalysis declined to comment on the case.
Next news:According to SoSoValue data, on October 16 (Eastern Time), the total net inflow of Ethereum spot ETFs reached 24.22 million USD. The Ethereum spot ETF with the highest single-day net inflow yesterday was BlackRock's ETF ETHA, which had a single-day net inflow of 11.89 million USD, bringing ETHA's historical total net inflow to 1.24 billion USD. Following that is Fidelity's ETF FETH, which had a single-day net inflow of 8.50 million USD, and FETH's historical total net inflow currently stands at 467 million USD. As of the time of writing, the total net asset value of Ethereum spot ETFs is 7.19 billion USD, with the ETF net asset ratio (the market cap as a percentage of Ethereum's total market cap) reaching 2.28%, and the historical cumulative net outflow has reached 530 million USD.
Next news:The asset management company Bitwise has submitted an XRP ETF S-1/A registration file to the U.S. Securities and Exchange Commission (SEC).
Next news:According to Cryptoslate, Siam Commercial Bank (SCB), the fourth largest bank in Thailand, has become the first financial institution in the country to offer stablecoin-based cross-border payment and remittance services. The stablecoin remittance service will be provided in collaboration with fintech company Lightnet. This move aims to reduce transaction costs and offer faster international transfers for its customers. The stablecoin-based service will allow SCB customers to send and receive payments globally 24 hours a day, 7 days a week. The service was trialed through the Bank of Thailand's digital asset sandbox to ensure the system meets regulatory standards and has flexibility for future expansion.
Next news:According to Wu, asset management giant VanEck has announced two long-term investments in the Web3 gaming sector, one of which is in the AI blockchain game Parallel, while the other has not yet been disclosed. (Note: VanEck holds PRIME/PROMPT tokens from Parallel.)
Next news:The Web3 game Seraph will launch the latest round of PTR testing at 11:00 and introduce the "RUSH Season 1" event.

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.