SoSo Daily Oct 28 | Tether Releases Preview of Local AI Development Kit

According to sosovalue, the price of $BTC is 68,000 USD, an increase of 1.35% from yesterday. The market cap of $BTC is 1.34 trillion USD, accounting for 55.6% of the total market cap; $BTC's 24-hour trading volume is 16.24 billion USD, making up 28.1% of the total trading volume.
The price of $ETH is 2,507.4 USD, up 1% from yesterday; the market cap of $ETH is 301.90 billion USD, representing 12.5% of the total market cap; $ETH's 24-hour trading volume is 8.14 billion USD, comprising 14.1% 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 42.2% 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 23:50 UTC0 time, according to sosovalue, the top five token gainers are:
Top 1 gainer is Neiro on ETH. As of 23:50 today, its market cap is 105.60M, with a coin price of 0.10560 USD, witnessing a 24-hour increase of 64.7%.
The second is SHILL Token. As of 23:50 today, its market cap is 0.46258000, with a coin price of 0.0011450 USD, witnessing a 24-hour increase of 53.1%.
The third is TROY. As of 23:50 today, its market cap is 19.73M, with a coin price of 0.0019730 USD, showing a 24-hour increase of 38.5%.
In fourth place is Shadow Token. As of 23:50 today, its market cap is 83.30M, its coin price is 0.51590 USD, with a 24-hour rise of 33.5%.
In fifth place is Dreams Quest. As of 23:50 today, its market cap is 569.33K, its coin price is 0.00036400 USD, increasing by 30% 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, RWA, and Meme sectors are worth mentioning.
NFT sector has risen 3.88% relative to the UTC 0 time, led by gains in mplx (22.2%), dust (15.7%), and opul (9.22%).
RWA sector has increased 3.8% relative to UTC 0, with mpl (15.7%), om (13.9%), and cpool (6.92%) leading the rise.
Meme sector has risen 3.13%, with NEIRO (64.8%), APU (12.6%), and SC (12.2%) leading the rise.

Let's go through the Crypto news worth paying attention today according to sosovalue:
The first is:Wu learned that Tether CEO Paolo Ardoino tweeted that yesterday at the Lugano Plan ₿, a preview of Tether's Local AI development kit was showcased. This kit is centered around privacy and is supported by peer-to-peer technology, allowing code to be written once and run anywhere. Tether's AI SDK features a modular design that is compatible with mainstream AI models such as Marian and Llama, and it enables the loading and storage of model weights and fine-tuning numbers through a P2P data structure, which will be open-sourced after validation in real-world application scenarios.
Next news:According to Wu Shuo, Moonshot Listings has reported that Moonshot will launch the AI agent concept coins ai16z and LUNA. ai16z is an AI agent investment protocol developed by developers, while LUNA is an AI agent virtual character on Virtuals.
Next news:According to Deep Tide TechFlow news, on October 27, CryptoQuant CEO Ki Young Ju expressed his views on social media, denying that the current market is in a "meme coin cycle." He pointed out that social media is undergoing an evolution from being centered around personal relationships to being centered around shared interests, and that the next phase of Web3 will be driven by economic interests shaping the development of social networks. Ki Young Ju believes that meme tokens are merely a temporary combination of economic interests and shared interests during this transformation period of social media. He predicts that a future era will emerge where economic interests are highly aligned with the creation of social value on the internet, marking the true beginning of a meme coin bull market.
Next news:FTX has agreed to drop its lawsuit against the cryptocurrency exchange Bybit and reached a settlement agreement of $228 million, which will allow FTX to recover most of the funds held on the platform. The agreement will enable FTX to reclaim digital assets valued at $175 million from the Bybit exchange and sell other assets, including BIT tokens, to Bybit's investment arm Mirana Corp. for $53 million.
Next news:FTX has reached a settlement agreement with Bybit and dropped the related lawsuits, with the latter set to pay a settlement amount of $228 million. FTX will recover $175 million in digital assets from the Bybit exchange and sell additional assets to Bybit's investment arm, Mirana Corp., for $53 million. Previously, FTX accused Bybit of transferring $327 million in assets from associated accounts, which prevented other users from withdrawing their funds. The approved compensation plan by FTX will allocate at least $12.60 billion to affected users, and the compensation plan will commence within 60 days after the effective date.
Next news:According to Bitget's market data, Bitcoin has surged past 68,000 USDT, currently priced at 68,166.00 USDT, with a daily increase of 1.62%.
Next news:According to Wu, LOScoin, the first Web3 game social platform based on Telegram Bot in the Solana ecosystem, has announced the completion of a $2 million funding round, led by the Solana Foundation, with participation from CMS Holdings, YGG, and others. LOScoin aims to build a highly interactive, engaging, and economically active Web3 game social ecosystem.
Next news:Mike Dudas, co-founder of blockchain media The Block and a 6 million USD cryptocurrency investor, stated that Memecoins are an intriguing asset class similar to NFTs. As the pace of experimentation accelerates, Memecoins will showcase a variety of different styles, including community coins, cult coins, celebrity coins, and AI coins.
Next news:Multiple whale addresses have recently accumulated over 200,000 SOL, worth over 50 million USD.
Next news:Nic Carter, co-founder of Castle Island Ventures, believes that the current trading frenzy of meme coins is a market reaction to the oppressive regulatory framework of the U.S. Securities and Exchange Commission (SEC). If the SEC could adopt a more rational regulatory approach, the market demand for trading meme coins would decrease. Nonetheless, the fundamental demand for meme coin trading will always exist in the market.

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.