SoSo Daily Oct 31 | Privacy Blockchain Project Nillion Raises $25M to Expand 'Blind Computing'

Let's turn our attention to today's overall Crypto market situation.
As of 11:59 PM UTC0 time on October 30, 2024, according to sosovalue, the total market cap of the crypto market stands at 2.54 trillion US dollars, witnessing a decrease of 1.58% compared to yesterday; the total trading volume is 115.81 billion US dollars, marking a decline of 23.1% from the previous day.

According to sosovalue, the price of $BTC is 72,354 USD, a decrease of 0.526% from yesterday. The market cap of $BTC is 1.43 trillion USD, accounting for 56.2% of the total market cap; $BTC's 24-hour trading volume is 44.95 billion USD, making up 38.8% of the total trading volume.
The price of $ETH is 2,658.6 USD, up 0.75% from yesterday; the market cap of $ETH is 320.11 billion USD, representing 12.6% of the total market cap; $ETH's 24-hour trading volume is 21.54 billion USD, comprising 18.6% of the total trading volume.
The combined market capitalization of $BTC and $ETH accounts for 68.8% of the total cryptocurrency market cap, and their combined trading volumes constitute 57.4% 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 23:50 UTC0 time, according to sosovalue, the top five token gainers are:
Top 1 gainer is Quantstamp. As of 23:50 today, its market cap is 2.06M, with a coin price of 0.0028920 USD, witnessing a 24-hour increase of 62.4%.
The second is PIP. As of 23:50 today, its market cap is 6.92M, with a coin price of 0.031970 USD, witnessing a 24-hour increase of 50.9%.
The third is Act I The AI Prophecy. As of 23:50 today, its market cap is 36.98M, with a coin price of 0.039000 USD, showing a 24-hour increase of 44.5%.
In fourth place is TROY. As of 23:50 today, its market cap is 34.92M, its coin price is 0.0034920 USD, with a 24-hour rise of 36.9%.
In fifth place is Instadapp. As of 23:50 today, its market cap is 139.78M, its coin price is 1.6932 USD, increasing by 30.4% 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, 4 are up and 12 are down. Notably, GameFi, AI, and Meme sectors are worth mentioning.
GameFi sector has fallen -2.17% relative to the UTC 0 time, led by declines in virtual (-9.75%), aury (-8.19%), and 1 cat (-7.14%).
AI sector has decreased -3.28% relative to UTC 0, with virtual (-9.75%), ali (-6.2%), and trac (-6.05%) leading the drop.
Meme sector has fallen -3.42%, with wsm (-44.1%), Ban (-19.7%), and maneki (-18.7%) leading the decline.

Let's go through the Crypto news worth paying attention today according to sosovalue:
The first is:Privacy Blockchain Project Nillion Raises $25M to Expand 'Blind Computing'
Next news:Michael Saylor's MicroStrategy Plans to Raise $42B to Buy More Bitcoin Over Next 3 Years
Next news:AI Data Collection Startup Sapien Raises $10.5M Seed Funding Led by Variant
Next news:YouTube influencer MrBeast is linked to over 50 wallets suspected of insider trading, profiting 23 million dollars.
Next news:Kraken, the sixth largest cryptocurrency exchange by volume, has gone through a round of layoffs as it aims to eliminate organizational layers and become leaner and faster. Arjun Sethi has been announced as co-CEO to accelerate growth alongside current CEO David Ripley. The move comes amid a trend of downsizing in the crypto industry.
Next news:According to Foresight News, the consumer-level public chain Morph has officially launched on the Ethereum mainnet. During the Morph testnet period, over 6 million addresses were registered, more than 100 million transactions were executed, and over 200 projects were deployed, with more than 1 million community members participating. Additionally, Morph recently initiated the Centralized Exchange Coalition, uniting several exchanges including Bitget, HTX, MEXC, and Poloniex, to provide comprehensive support for marketing, user acquisition, and funding for developer projects.
Next news:Former FTX executive Nishad Singh, a key witness in the SBF case, will be sentenced today.
Next news:According to Bitget market data, Bitcoin has fallen below 72,000 USDT, currently trading at 71,940 USDT, with a 24-hour increase narrowing to 1.06%.
Next news:According to TASS, the Deputy Minister of Energy of Russia announced that due to the ongoing energy shortage, Russia will limit cryptocurrency mining in certain regions, including the Far East, southwestern Siberia, and the southern areas where power resources are limited. The power shortage may last until 2030, making large-scale mining difficult to sustain.
Next news:Felix, a WhatsApp-based payment startup, has partnered with Zero Hash to enhance its international remittance service. The collaboration will enable Felix to utilize stablecoins for faster and easier money transfers. Zero Hash will handle the technical and regulatory aspects of money movement, while Felix controls the customer experience. The use of stablecoins for cross-border payments is gaining popularity, with the market reaching nearly $180 billion. Zero Hash has previously worked with neobanks and payment processors, offering digital asset embedding. Felix primarily serves Latinos in the US for sending money abroad.

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.