SoSo Daily Oct 31 | Binance will launch the TROYUSDT perpetual contract with a maximum leverage of 75 times.

Let's turn our attention to today's overall Crypto market situation.
As of 5:59 PM UTC0 time on October 31, 2024, according to sosovalue, the total market cap of the crypto market stands at 2.47 trillion US dollars, witnessing a decrease of 3.84% compared to yesterday; the total trading volume is 111.27 billion US dollars, marking a decline of 12% from the previous day.

According to sosovalue, the price of $BTC is 70,788 USD, a decrease of 1.54% from yesterday. The market cap of $BTC is 1.40 trillion USD, accounting for 56.6% of the total market cap; $BTC's 24-hour trading volume is 39.72 billion USD, making up 35.7% of the total trading volume.
The price of $ETH is 2,542.2 USD, down 4.93% from yesterday; the market cap of $ETH is 306.10 billion USD, representing 12.4% of the total market cap; $ETH's 24-hour trading volume is 19.85 billion USD, comprising 17.8% of the total trading volume.
The combined market capitalization of $BTC and $ETH accounts for 69% of the total cryptocurrency market cap, and their combined trading volumes constitute 53.5% 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 17:50 UTC0 time, according to sosovalue, the top five token gainers are:
Top 1 gainer is SHILL Token. As of 17:50 today, its market cap is 0.46258000, with a coin price of 0.0011450 USD, witnessing a 24-hour increase of 53.1%.
The second is BarnBridge. As of 17:50 today, its market cap is 20.90M, with a coin price of 2.1520 USD, witnessing a 24-hour increase of 44.4%.
The third is Instadapp. As of 17:50 today, its market cap is 169.81M, with a coin price of 2.0570 USD, showing a 24-hour increase of 32.2%.
In fourth place is Dreams Quest. As of 17:50 today, its market cap is 569.33K, its coin price is 0.00036400 USD, with a 24-hour rise of 30%.
In fifth place is Alongside Crypto Market Index. As of 17:50 today, its market cap is 1.68M, its coin price is 202.77 USD, increasing by 27.9% 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, 0 are up and 16 are down. Notably, NFT, DePIN, and $ETH sectors are worth mentioning.
NFT sector has fallen -4.64% relative to the UTC 0 time, led by declines in epik (-11.7%), psl (-11.5%), and coval (-9.46%).
DePIN sector has decreased -4.65% relative to UTC 0, with shdw (-25%), AVIVE (-21.3%), and honey (-9.95%) leading the drop.
$ETH sector has fallen -4.94%, with $eth (-4.94%) leading the decline.

Let's go through the Crypto news worth paying attention today according to sosovalue:
The first is:Binance will launch TROYUSDT perpetual contracts with a maximum leverage of 75 times.
Next news:According to Wu, Electric Capital partner Maria Shen released a global crypto developer distribution research report showing that, through the analysis of over 110 thousand developer profiles, North America's leading position in the share of cryptocurrency developers has been surpassed by Asia. The share of developers in North America has sharply declined from 44% in 2015 to 24% in 2024. Meanwhile, Asia's share has risen from 13% to 32%, making it the first continent for crypto talent for the first time. By country, the United States ranks first globally with a share of 18.8%, followed by India and the United Kingdom at 11.8% and 4.2%, respectively. Since 2015, the share of the United States among global crypto developers has plummeted by 51%.
Next news:According to Foresight News, the Web3 wallet Bitget Wallet has officially launched its Lite version—a multi-chain wallet integrated with Telegram @BitgetWallet_TGBot. During the community experience phase before the official release, the user base has exceeded 3 million within just a few days.
Next news:Crypto exchange Kraken has launched a new desktop trading application designed for active crypto traders. The application provides complete access to all of Kraken’s spot and futures markets and introduces new tools and functionalities. It is optimized for trade execution and multi-window support and features advanced tools, including ladder trading and auto-join order shortcuts. Kraken Desktop leverages a Rust-native tech stack to provide traders with greater responsiveness and reliability. The application is available for download on Windows, Mac, and Linux.
Next news:Axal, a firm building a verifiable autonomous agent network, has raised $2.5 million in pre-seed funding led by CMT Digital. The funds will be used to grow the team and launch the Axal Autopilot trading automation platform.
Next news:Spire Labs, an Ethereum scaling infrastructure developer, has raised $7 million in a seed funding round. The funding was led by Maven 11 Capital and Anagram, with participation from a16z Crypto Startup Accelerator and others. Spire Labs is focused on developing a rollup framework called Based Stack, which aims to enable builders to deploy application-specific chains on Ethereum. The company plans to launch the first testnet of Based Stack by the end of this year and the mainnet in the first quarter of 2025.
Next news:Glow Labs, an Ethereum-based solar project, has raised $30 million in a funding round led by Framework Ventures and Union Square Ventures. The funding will support Glow Lab's operations and the expansion of solar farms in India. Glow aims to power the planet with renewable energy using decentralized physical infrastructure networks. Solar farms on Glow's network are rewarded with GLW tokens and USDC rewards for their carbon credits. The company has already built several multi-million dollar solar farms in India, projected to eliminate over 85,000 tons of CO2 emissions.
Next news:Alliance Games has completed a $5 million Series A funding round, led by Animoca Brands and Asymm Ventures, with participation from The Spartan Group, Dialectic, Kyros Ventures, Coin98 Ventures, and investors Loi Luu and Sebastien. With the previous seed round funding, Alliance Games' total funding has reached $8 million.
Next news:Shares of Trump Media & Technology Group fell another 7% in pre-market trading, following a 22% drop yesterday.
Next news:Franklin Templeton's OnChain U.S. Government Money Market Fund (FOBXX) has now been launched on Base, a Layer 2 blockchain introduced by Coinbase (COIN). Currently, in addition to Base, Franklin Templeton's OnChain U.S. Government Money Market Fund (FOBXX) is also available on Arbitrum, Polygon, Avalanche, Aptos, and Stellar.

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.