SoSo Daily Oct 22 | Northern Data considers selling its Bitcoin mining division to focus on artificial intelligence.

Let's turn our attention to today's overall Crypto market situation.
As of 11:58 PM UTC0 time on October 21, 2024, according to sosovalue, the total market cap of the crypto market stands at 2.44 trillion US dollars, witnessing a decrease of 3.27% compared to yesterday; the total trading volume is 120.89 billion US dollars, marking an increase of 58.8% from the previous day.

According to sosovalue, the price of $BTC is 67,378 USD, a decrease of 2.4% from yesterday. The market cap of $BTC is 1.33 trillion USD, accounting for 54.5% of the total market cap; $BTC's 24-hour trading volume is 40.38 billion USD, making up 33.4% of the total trading volume.
The price of $ETH is 2,666.3 USD, down 2.93% from yesterday; the market cap of $ETH is 321.00 billion USD, representing 13.1% of the total market cap; $ETH's 24-hour trading volume is 17.61 billion USD, comprising 14.6% of the total trading volume.
The combined market capitalization of $BTC and $ETH accounts for 67.6% of the total cryptocurrency market cap, and their combined trading volumes constitute 48% 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 PIP. As of 23:55 today, its market cap is 8.27M, with a coin price of 0.0382 USD, witnessing a 24-hour increase of 151%.
The second is Goatseus Maximus. As of 23:55 today, its market cap is 451.16M, with a coin price of 0.45116 USD, witnessing a 24-hour increase of 85.5%.
The third is Zephyr Protocol. As of 23:55 today, its market cap is 20.71M, with a coin price of 4.1340 USD, showing a 24-hour increase of 48.2%.
In fourth place is Eesee. As of 23:55 today, its market cap is 4.89M, its coin price is 0.01821 USD, with a 24-hour rise of 37.6%.
In fifth place is Stella. As of 23:55 today, its market cap is 71.23M, its coin price is 0.0795 USD, increasing by 22.9% 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, GameFi, Layer2, and AI sectors are worth mentioning.
GameFi sector has fallen -3.56% relative to the UTC 0 time, led by declines in WAT (-15.7%), fevr (-15.6%), and 1 cat (-11.5%).
Layer2 sector has decreased -4.76% relative to UTC 0, with arpa (-11.2%), TIA (-7.88%), and skl (-7.45%) leading the drop.
AI sector has fallen -6.01%, with tao (-9.27%), moov (-7.59%), and paal (-7.35%) leading the decline.

Let's go through the Crypto news worth paying attention today according to sosovalue:
The first is:According to TheMinerMag, Northern Data, based in Germany, is considering divesting its Bitcoin mining subsidiary to transition to a pure AI strategy. On Monday, Northern Data announced that it has initiated negotiations "with relevant parties regarding the possible divestment of its crypto mining business, Peak Mining." In a subsequent announcement, the company stated that the potential proceeds from this sale would be invested in acquiring more data centers, purchasing GPUs, and developing its AI product platform.
Next news:According to ZachXBT, the cryptocurrency payment provider Transak was recently attacked by a ransomware organization. In a blog post, Transak stated that the incident was limited to the names and basic identity information of a small number of users, while the ransomware group claimed that it also included personally identifiable information (PII) and more user data.
Next news:According to Bitget market data, Bitcoin has fallen below 68,000 USDT, currently reported at 67,886.23 USDT, with a daily decline of 1.62%.
Next news:Ripple co-founder Larsen invests $10 million in XRP to support Kamala Harris in the election
Next news:According to Foresight News, Rune Christensen, the founder of Sky (formerly MakerDAO), stated on social media, "I will draft an Atlas Edit proposal based on community feedback, which will set multiple voting options to choose from. The next steps will involve providing space for community feedback, where suggestions can be made on the forum. A community meeting will be held on October 25. After the community meeting, I will compile all the feedback and present a proposal for the implementation of Atlas Edit, which will begin voting on October 28. If approved, multi-choice voting will start in the week of November 4. Once a decision is made regarding the core brand direction, the next step will be to consider whether any changes to the tokenomics are needed, as well as the subsequent steps for the Sky brand and SKY token (if the vote successfully refocuses on the Maker brand)."
Next news:MetaMask and Space ID have announced an integration aimed at simplifying sending digital assets and accessing crypto wallets. The integration allows users to replace their public wallet addresses with a single, secure, and customizable handle when making transactions on MetaMask. Space ID is a web3 domain and identity platform that allows users to manage their digital assets with a single interface. The integration is expected to make it easier and safer for MetaMask users to send and receive crypto on any EVM-compatible chain.
Next news:According to Wu Shuo, as reported by Bloomberg, Qian Zhimin pleaded not guilty to charges of laundering Bitcoin in a London court. Earlier, the mastermind behind the UK's 60 thousand Bitcoin laundering case and the Tianjin Lantian Geri 43 billion yuan illegal fundraising case, Qian Zhimin, was sentenced by a British court for money laundering and will serve more than 6 years in prison.
Next news:Juventus Football Club official X suspected of being hacked, please do not click on any suspicious links.
Next news:Bridge, a stablecoin platform, has been acquired by Stripe in a $1.1 billion deal. Bridge, which has raised $54 million in funding, aims to be the blockchain equivalent of Stripe, allowing developers to integrate into its global system.
Next news:According to official news from Wu Shuo, Coinbase Assets has announced that FLR, INJ, SAND, and STX are now available for trading for users in New York State. New York users can buy, sell, convert, send, receive, and store these assets through the Coinbase website as well as the iOS and Android applications.

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.