SoSo Daily Oct 20 | U.S. prosecutors urge Biden to help release Binance executive arrested in Nigeria

Let's turn our attention to today's overall Crypto market situation.
As of 11:59 PM UTC0 time on October 19, 2024, according to sosovalue, the total market cap of the crypto market stands at 2.45 trillion US dollars, witnessing a decrease of 0.909% compared to yesterday; the total trading volume is 61.23 billion US dollars, marking a decline of 41% from the previous day.

According to sosovalue, the price of $BTC is 68,369 USD, a decrease of 0.0869% from yesterday. The market cap of $BTC is 1.35 trillion USD, accounting for 55.1% of the total market cap; $BTC's 24-hour trading volume is 14.10 billion USD, making up 23% of the total trading volume.
The price of $ETH is 2,647.3 USD, up 0.196% from yesterday; the market cap of $ETH is 318.71 billion USD, representing 13% of the total market cap; $ETH's 24-hour trading volume is 7.59 billion USD, comprising 12.4% of the total trading volume.
The combined market capitalization of $BTC and $ETH accounts for 68.1% of the total cryptocurrency market cap, and their combined trading volumes constitute 35.4% 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 Zephyr Protocol. As of 23:55 today, its market cap is 13.21M, with a coin price of 2.6430 USD, witnessing a 24-hour increase of 63%.
The second is MATH. As of 23:55 today, its market cap is 129.77M, with a coin price of 0.72590 USD, witnessing a 24-hour increase of 52.4%.
The third is Nosana. As of 23:55 today, its market cap is 185.31M, with a coin price of 2.2220 USD, showing a 24-hour increase of 30.4%.
In fourth place is Aleph.im. As of 23:55 today, its market cap is 49.17M, its coin price is 0.26372 USD, with a 24-hour rise of 19.4%.
In fifth place is ApeCoin. As of 23:55 today, its market cap is 629.10M, its coin price is 0.87200 USD, increasing by 18.3% 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, 9 are up and 7 are down. Notably, the NFT sector is worth mentioning.
The NFT sector has risen 2.09% relative to the UTC 0 time, led by gains in APE (18.3%), TABOO (11.8%), and MUSE (5.81%).

Let's go through the Crypto news worth paying attention today according to sosovalue:
The first is:A group of 18 state attorneys general is urging President Biden to help secure the release of Tigran Gambaryan, a Binance executive who has been detained in Nigeria since February 2024. The attorneys general have requested that Biden designate Gambaryan as a hostage under the Robert Levinson Hostage Rescue and Hostage-Taking Accountability Act. The organization is concerned about Gambaryan's deteriorating health and the illegitimate nature of his detention. In a letter, Attorney General Fomela wrote, "His unjustified and prolonged detention not only violates his rights but also poses a serious threat to his health and well-being... We have a responsibility to advocate for the rights of U.S. citizens overseas, and we urge the federal government to exert necessary diplomatic pressure to secure his release."
Next news:Weekly Project Updates: World Chain, Eclipse, and Fuel Launch Mainnets, Sui Foundation Responds to Allegations of $400 Million Token Dump, etc

Next news:Concerns increased over Gambaryan’s well-being on Oct. 18 after his illness prevented him from appearing in court.
Next news:This week, U.S. spot Bitcoin ETFs increased their holdings by 32,370 $BTC, while the Bitcoin production for this week was only 2,250 BTC.
Next news:KOL Murad of Memecoin stated that Memecoins are still widely ignored and misunderstood, even among cryptocurrency natives. A generational repricing is inevitable, and you should raise your expectations above the 1 trillion level.
Next news:Snapshot shows that Arbitrum has initiated a proposal for token swaps with a series of blue-chip projects, planning to swap with 3 to 7 of these projects, with a total swap cap of 2 million ARB tokens, and a maximum of 500 thousand ARB tokens per project. The proposal also incentivizes users who hold more than 50% of ARB tokens. The current opposition rate is 74%, and the voting will end on October 25.
Next news:NexFundAI, a trap token by law enforcement, exposes bad actors, but falling for similar schemes led by scammers can lead to major losses
Next news:Before his indictment on criminal charges, NYC Mayor Eric Adams promised to turn the city into a major crypto hub.
Next news:To confirm a potential breakout from its current crab walk, Bitcoin needs to close the week above $68,700, according to market analysts.
Next news:ECB paper claims older Bitcoin holders are exploiting new holders

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.