SoSo Daily Nov 19 | Donald Trump's Truth Social in Talks to Acquire Crypto Platform Bakkt

Let's turn our attention to today's overall Crypto market situation.
As of 5:59 AM UTC0 time on November 19, 2024, according to sosovalue, the total market cap of the crypto market stands at 3.22 trillion US dollars, witnessing a decrease of 0.363% compared to yesterday; the total trading volume is 250.83 billion US dollars, marking an increase of 35.6% from the previous day.

According to sosovalue, the price of $BTC is 91,805 USD, an increase of 1.31% from yesterday. The market cap of $BTC is 1.82 trillion USD, accounting for 56.4% of the total market cap; $BTC's 24-hour trading volume is 86.36 billion USD, making up 34.4% of the total trading volume.
The price of $ETH is 3,132.2 USD, up 0.443% from yesterday; the market cap of $ETH is 377.20 billion USD, representing 11.7% of the total market cap; $ETH's 24-hour trading volume is 37.54 billion USD, comprising 15% 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 49.4% 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 05:50 UTC0 time, according to sosovalue, the top five token gainers are:
Top 1 gainer is Urolithin A ($URO). As of 05:50 today, its market cap is 94.08M, with a coin price of 0.094109 USD, witnessing a 24-hour increase of 91.1%.
The second is Dejitaru Tsuka (TSUKA). As of 05:50 today, its market cap is 18.99M, with a coin price of 0.018993 USD, witnessing a 24-hour increase of 77.6%.
The third is WeSendit (WSI). As of 05:50 today, its market cap is 5.57M, with a coin price of 0.012166 USD, showing a 24-hour increase of 65.3%.
In fourth place is sudoswap (SUDO). As of 05:50 today, its market cap is 4.87M, its coin price is 0.19174 USD, with a 24-hour rise of 60.1%.
In fifth place is Choise.com (CHO). As of 05:50 today, its market cap is 2.46M, its coin price is 0.022440 USD, increasing by 56.2% 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, 13 are up and 3 are down. Notably, DePIN, Layer2, and PayFi sectors are worth mentioning.
DePIN sector has risen 2.8% relative to the UTC 0 time, led by gains in wsi (67.7%), pokt (29.8%), and xyo (24%).
Layer2 sector has increased 2.39% relative to UTC 0, with A8 (16%), mnw (10.2%), and cweb (9.71%) leading the rise.
PayFi sector has fallen -3.02%, with clv (-11.3%), pip (-6.99%), and xrp (-4.43%) leading the decline.

Let's go through the Crypto news worth paying attention today according to sosovalue:
The first is:Donald Trump's social media company Truth Social is reportedly in advanced talks to acquire crypto platform Bakkt from the Intercontinental Exchange. This represents Trump's growing involvement with the crypto industry and the latest twist for Bakkt, which has gone through multiple reinventions since its founding in 2018.
Next news:Coinbase CEO Brian Armstrong is meeting with President-elect Donald Trump on Monday to discuss 'personnel appointments,' The Wall Street Journal reported, citing people familiar with the matter.
Next news:Yesterday, Grayscale saw a net inflow of $54.40 million in $BTC and a net outflow of $13.30 million in ETHE.
Next news:Heather 'Razzlekhan' Morgan sentenced to 18 months for role in Bitfinex heist: Bloomberg
Next news:A crypto miner agreed to pay a $4 million penalty to settle US Securities and Exchange Commission allegations that it engaged in a scheme to bribe Japanese officials, the agency said Monday. BIT Mining Ltd., formerly known as 500.com Limited, between 2017 and 2019 paid $2.5 million in cash bribes and gifts, including to members of the Japanese parliament, to try to win a bid to open a casino resort in Japan, the SEC said.
Next news:Wu said that MicroStrategy (Nasdaq: MSTR) announced plans to privately issue $1.75 billion of 0% convertible senior notes due in 2029, with an additional $250 million purchase option offered to initial purchasers. The notes are unsecured senior debt, with no periodic interest payments, maturing on December 1, 2029, and MicroStrategy can redeem them in whole or in part after 2026. The notes can be converted into cash, MicroStrategy Class A common stock, or a combination of both. The company plans to use the net proceeds from this issuance to purchase Bitcoin and for general corporate purposes.
Next news:The Russian government has approved draft amendments to a bill on taxing income and expenditures from crypto transactions and mining. Under the proposed legislation, cryptocurrencies will be classified as property for tax purposes. Income derived from mining activities will be taxed based on its market value at the time of receipt, with expenses related to mining operations being deductible. Crypto transactions will be exempt from value-added tax, and income from trading will be subject to the same tax rates as income from securities transactions, with a maximum personal income tax rate of 15%. The amendments also require mining operators to report information on the individuals using their infrastructure. The decision to tax mining income aims to balance the interests of businesses and the government. The original bill on cryptocurrency taxation was introduced in December 2020 and passed its first reading in 2021. The Russian government has also set a limit for unregistered individuals to mine bitcoin with a monthly power consumption of no more than 6,000 kilowatt-hours.
Next news:

According to SoSoValue, as of November 18th (Eastern Time), Bitcoin spot ETFs experienced a total net inflow of $254.82M.

Yesterday, Grayscale's ETF GBTC had a net inflow of $5.82M, bringing GBTC's total historical net outflow to $20.27B.

Grayscale Bitcoin Mini Trust ETF $BTC had a net inflow of $ 54.39M，bringing Grayscale Bitcoin Mini Trust ETF $BTC's total historical net inflow to $648.42M.

The Bitcoin spot ETF with the highest net inflow for the day was BlackRock's ETF IBIT, with a daily net inflow of $89.33M, with IBIT's total historical net inflow reaching $29.37B.

Following that, Fidelity's ETF FBTC had a daily net inflow of $59.95M, with FBTC's total historical net inflow reaching $10.83B.

As of this writing, the total net asset value of Bitcoin spot ETFs stands at $95.93B, with the ETF net asset ratio (the market value relative to the total market value of Bitcoin) reaching 5.3%. The historical cumulative net inflow has reached $27.71B.

Source: https://sosovalue.com/assets/etf

Next news:The Japanese cryptocurrency exchange operator DMM's gaming and NFT division, DMM Crypto, will shut down its Seamoon Protocol. The company announced that no new services will be added to the ecosystem, and discussions are ongoing regarding the future arrangements for the existing services on the platform. The Seamoon Protocol is supported by the SMP token in the DM2 Verse on the Oasys L2 blockchain. In August this year, DMM Crypto partnered with the stablecoin platform Progmat to issue its own stablecoin, but the project has now been terminated ahead of schedule. (Cointelegraph)
Next news:Japanese investment firm Metaplanet Inc. has announced the issuance of $11.3 million in bonds to purchase more bitcoin.

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.