SoSo Daily Oct 21 | Ethereum spot ETF saw a net inflow of 78.89 million USD last week.

According to sosovalue, the price of $BTC is 69,007 USD, an increase of 1.16% from yesterday. The market cap of $BTC is 1.36 trillion USD, accounting for 54.6% of the total market cap; $BTC's 24-hour trading volume is 25.25 billion USD, making up 28.4% of the total trading volume.
The price of $ETH is 2,736.5 USD, up 3.64% from yesterday; the market cap of $ETH is 329.44 billion USD, representing 13.2% of the total market cap; $ETH's 24-hour trading volume is 16.78 billion USD, comprising 18.9% of the total trading volume.
The combined market capitalization of $BTC and $ETH accounts for 67.8% of the total cryptocurrency market cap, and their combined trading volumes constitute 47.3% 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 PIP. As of 05:55 today, its market cap is 9.51M, with a coin price of 0.043910 USD, witnessing a 24-hour increase of 190%.
The second is ARPA. As of 05:55 today, its market cap is 61.81M, with a coin price of 0.062930 USD, witnessing a 24-hour increase of 51.1%.
The third is DeepBook. As of 05:55 today, its market cap is 221.04M, with a coin price of 0.088414 USD, showing a 24-hour increase of 44.1%.
In fourth place is Entangle. As of 05:55 today, its market cap is 13.30M, its coin price is 0.076210 USD, with a 24-hour rise of 36.3%.
In fifth place is Perpetual Protocol. As of 05:55 today, its market cap is 62.10M, its coin price is 0.85530 USD, increasing by 36.2% 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, NFT, DeFi, and Layer2 sectors are worth mentioning.
NFT sector has risen 8.69% relative to the UTC 0 time, led by gains in APE (21.9%), BLUR (15.2%), and BOSON (11.7%).
DeFi sector has increased 4.79% relative to UTC 0, with PERP (36.2%), DYDX (28.6%), and ALPHA (22.4%) leading the rise.
Layer2 sector has risen 4.46%, with ARPA (52.6%), OP (7.81%), and CTSI (7.38%) leading the rise.

Let's go through the Crypto news worth paying attention today according to sosovalue:
The first is:According to SoSoValue data, during the last trading week (from October 14 to October 18, Eastern Time), the Ethereum spot ETF saw a net inflow of 78.89 million USD. Among them, the Grayscale Ethereum Trust ETF (ETHE) experienced a net outflow of 31.03 million USD. The Ethereum spot ETF with the highest net inflow last week was the Blackrock Ethereum ETF (ETHA), with a weekly net inflow of 49.76 million USD. Following it was the Fidelity Ethereum ETF (FETH), which had a weekly net inflow of 43.52 million USD.
Next news:According to TechCrunch founder Michael Arrington, payment company Stripe has acquired the stablecoin platform Bridge for $1.10 billion. The software provided by Bridge helps businesses accept stablecoin payments, marking an expansion of Stripe's cryptocurrency adoption efforts. Bridge previously raised $58 million from investors, including $40 million in Series A funding, valuing the company at $200 million. Thus, the $1.10 billion price represents a significant increase compared to the company's previous valuation, making Bridge Stripe's largest acquisition to date and the biggest acquisition in the history of the cryptocurrency industry. (The Block)
Next news:According to Wu Shuo, Whale Alert has monitored that a dormant address holding 21 bitcoins (approximately 1.52 million USD) has been activated again after 10.9 years. The bitcoins in this address were valued at only $16,252 in 2013.
Next news:According to Wu's report, as monitored by Arkham, the APE whale: 0xdf...0321 withdrew 7.81 million APE from ApeCoin Staking at 11:16 UTC+8 today, and then transferred 7.77 million APE to OKX Deposit, worth approximately $11.81 million. With the recent launch of ApeChain and a surge of speculation on numerous memecoins on-chain, APE once increased over 120%.
Next news:According to Foresight News, PeckShield monitoring revealed that the attacker of Bunny Finance transferred 1,500 $ETH to Tornado Cash over the past two days, valued at approximately 4 million USD.
Next news:According to TheMinerMag, Bitcoin mining hosting provider Revolve Labs plans to establish an artificial intelligence data center in central Minnesota after withdrawing a mining expansion proposal due to community opposition. Revolve Labs held a meeting with the Glencoe Economic Development Authority in September, planning to expand its facilities in the city to accommodate one to two AI data centers, along with cooling systems and backup generators. The project is expected to have a capacity of 10 megawatts and employ around 10 people, with an estimated cost of 40 to 60 million dollars. As part of the Revolve Labs proposal, they intend to purchase two parcels of land totaling 6.2 acres and build a substation for the expansion. Revolve Labs currently operates a Bitcoin mining facility in Glencoe with a capacity of about 20 megawatts and a hash rate of 537 PH/s. Previously, the company attempted to increase its mining capacity in Minnesota but withdrew its application after community opposition due to noise concerns.
Next news:Foresight News reports that LayerZero has announced on Twitter that it has launched on the ApeChain mainnet. The integration of APE with LayerZero's OFT standard enables seamless cross-chain transfers, enhancing the utility of multiple blockchains while ensuring scalability and efficiency of transactions.
Next news:According to monitoring by PeckShield, the Truflation attacker has exchanged 1.37 million DAI for approximately 500 $ETH and sent it to eXch.
Next news:According to Foresight News, the OKX Connect protocol has added support for Solana (including Sonic-compatible networks) and the Sui network. For Telegram DApps that are already connected to OKX Connect, users can directly invoke the OKX App wallet to complete signature transactions and other interactions.
Next news:According to data from Alternative.me, the Cryptocurrency Fear and Greed Index has dropped to 72 today (yesterday it was 73, indicating a "greed" state), indicating that the market is still in a "greed" state.

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.