SoSo Daily Nov 5 | a16z crypto pledges $23 million to Fairshake PAC for 2026 US midterm pro-crypto candidates

According to sosovalue, the price of $BTC is 67,858 USD, a decrease of 1.42% from yesterday. The market cap of $BTC is 1.34 trillion USD, accounting for 56.9% of the total market cap; $BTC's 24-hour trading volume is 45.35 billion USD, making up 42.4% of the total trading volume.
The price of $ETH is 2,398.3 USD, down 2.45% from yesterday; the market cap of $ETH is 288.79 billion USD, representing 12.3% of the total market cap; $ETH's 24-hour trading volume is 17.18 billion USD, comprising 16.1% of the total trading volume.
The combined market capitalization of $BTC and $ETH accounts for 69.2% of the total cryptocurrency market cap, and their combined trading volumes constitute 58.5% 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 23:50 UTC0 time, according to sosovalue, the top five token gainers are:
Top 1 gainer is Vela Token. As of 23:50 today, its market cap is 1.97M, with a coin price of 0.10585 USD, witnessing a 24-hour increase of 388%.
The second is TROY. As of 23:50 today, its market cap is 42.37M, with a coin price of 0.0042370 USD, witnessing a 24-hour increase of 67.1%.
The third is DinoLFG. As of 23:50 today, its market cap is 3.29M, with a coin price of 0.010500 USD, showing a 24-hour increase of 52.2%.
In fourth place is Avive. As of 23:50 today, its market cap is 37.40K, its coin price is 0.00037400 USD, with a 24-hour rise of 49%.
In fifth place is BarnBridge. As of 23:50 today, its market cap is 20.90M, its coin price is 2.1520 USD, increasing by 44.4% 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, all 16 are down. Notably, DePIN, DeFi, and RWA sectors are worth mentioning.
DePIN sector has fallen -3.65% relative to the UTC 0 time, led by declines in GRASS (-16.6%), sersh (-11.4%), and flt (-10.1%).
DeFi sector has decreased -4.03% relative to UTC 0, with ooki (-22.9%), oxy (-18%), and rune (-16.1%) leading the drop.
RWA sector has fallen -4.61%, with LMR (-13.9%), PRCL (-8.18%), and mpl (-8.01%) leading the decline.

Let's go through the Crypto news worth paying attention today according to sosovalue:
The first is:a16z crypto pledges $23 million to Fairshake PAC for 2026 US midterm pro-crypto candidates
Next news:According to Wu, Deutsche Telekom, one of the largest telecommunications companies in Europe, will collaborate with Bankhaus Metzler through its subsidiary MMS to operate Bitcoin mining infrastructure using surplus energy. This project aims to provide data support for grid stability by utilizing renewable energy for mining, especially during periods of energy supply fluctuations. The hosting partner, Metis Solutions GmbH, is responsible for managing the mining machines located in Bockenheim.
Next news:State of Michigan's state pension fund discloses over $10 million worth of Ethereum ETF holdings
Next news:According to Bitget market data, Bitcoin has dropped below 68,000 USDT, currently priced at 67,998.68 USDT, with a daily decline of 1.10%.
Next news:Standard Chartered-backed Zodia Custody in talks to raise $50 million: Bloomberg
Next news:Vitalik Buterin expressed concern on social media regarding the discussions surrounding the removal of Russian developers from the Linux kernel. He believes that open source is a shared treasure of humanity and should be a space for free international cooperation. He warned that if such actions become normalized, the consequences will be very dire.
Next news:The largest address betting on Trump's victory on Polymarket has increased its position by $2.35 million in the past 6 hours.
Next news:According to Foresight News, the Solana re-staking protocol Fragmetric has completed its first round of financing, with investments from Solana founder Anatoly Yakovenko, Solana Foundation Chair Lily Liu, Jito Labs founder Lucas Bruder, Backpack founder Tristan, and Wintermute co-founder Yoann Turpin, among others. Fragmetric has launched the SANG system: SolanA Network Guard, providing users with a convenient and fair pathway to participate in re-staking by integrating SOL and LST to ensure the security and stability of the Solana network.
Next news:Three days ago, Wintermute received 3.70 quadrillion BABYDOGE from the UNCX Network token ownership contract, worth 7.58 million USD; as of four hours ago, these tokens have all been deposited into Bybit and Binance. Based on the value of holdings, BABYDOGE ranks as the TOP 3 Memecoin in Wintermute's portfolio.
Next news:Bitcoin struggles to reclaim $70,000 ahead of the US election, but analysts agree that volatility will be present before and after the election result is announced.

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.