SoSo Daily Nov 1 | CMT Digital leads $2.5M pre-seed round for autonomous agent network developer Axal

Let's turn our attention to today's overall Crypto market situation.
As of 11:59 PM UTC0 time on October 31, 2024, according to sosovalue, the total market cap of the crypto market stands at 2.46 trillion US dollars, witnessing a decrease of 4.71% compared to yesterday; the total trading volume is 112.48 billion US dollars, marking a decline of 2.88% from the previous day.

According to sosovalue, the price of $BTC is 70,292 USD, a decrease of 2.86% from yesterday. The market cap of $BTC is 1.39 trillion USD, accounting for 56.5% of the total market cap; $BTC's 24-hour trading volume is 45.81 billion USD, making up 40.7% of the total trading volume.
The price of $ETH is 2,519 USD, down 5.22% from yesterday; the market cap of $ETH is 303.31 billion USD, representing 12.3% of the total market cap; $ETH's 24-hour trading volume is 19.93 billion USD, comprising 17.7% 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 58.4% 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 Plian. As of 23:50 today, its market cap is 768.18K, with a coin price of 0.00075400 USD, witnessing a 24-hour increase of 72.1%.
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 BarnBridge. As of 23:50 today, its market cap is 20.90M, with a coin price of 2.1520 USD, showing a 24-hour increase of 44.4%.
In fourth place is Comedian. As of 23:50 today, its market cap is 30.23M, its coin price is 0.030228 USD, with a 24-hour rise of 31.2%.
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, all 16 are down. Notably, DeFi, NFT, and GameFi sectors are worth mentioning.
DeFi sector has fallen -5.26% relative to the UTC 0 time, led by declines in VELA (-23.8%), MARSH (-23.5%), and OOKI (-19.4%).
NFT sector has decreased -5.37% relative to UTC 0, with COVAL (-14.8%), EPIK (-14.6%), and APE (-8.17%) leading the drop.
GameFi sector has fallen -6.42%, with IMX (-12.6%), FIRE (-12.3%), and GOAL (-12.1%) leading the decline.

Let's go through the Crypto news worth paying attention today according to sosovalue:
The first is: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:The U.S. announced that the year-on-year core PCE price index for September was 2.7%, expected at 2.6%, and the previous value was 2.7%. The month-on-month core PCE price index for September was 0.3%, both expected and revised from a previous value of 0.1% to 0.2%. Analysts believe that the PCE inflation indicator experienced the largest monthly increase since April, supporting the Federal Reserve's decision to slow down its rate cuts after a significant reduction last month.
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.
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:BTC has fallen below $72,000, currently priced at $71,986.10 per coin, down 0.10% for the day.
Next news:Wu reported that at 15:55 Dubai time, CZ appeared at the Binance Blockchain Week event venue and delivered a keynote speech. Previously, CZ stated that he would attend the event in a personal capacity.
Next news:Leading tokenization firm Securitize has surpassed $1 billion in tokenized onchain assets and launched a new fund administrator service called Securitize Fund Services. The service aims to simplify and condense tokenized fund administration, assisting in regulatory compliance, tax services, financial reporting, and record keeping. The company plans to serve companies like BlackRock and Hamilton Lane in creating new crypto-based funds and expanding to additional blockchains.
Next news:MicroStrategy revealed plans to raise $42 billion over three years to acquire additional bitcoin, which analysts say is a 'win for all'. The company has already amassed over 252,000 bitcoins since 2020 and its stock has appreciated by about 290% year-to-date.
Next news:The Blockchain Association's member firms claim to have spent $400 million on costs associated with enforcement actions brought by the U.S. Securities and Exchange Commission (SEC) under Chair Gary Gensler. The association released this figure along with other survey results on how U.S. voters view the SEC and crypto. The SEC's Gensler has asserted that most cryptocurrencies are securities and has brought cases against big firms in the industry. The survey found that two-thirds of voters believe the SEC should wait for clearer guidelines from Congress.

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.