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

According to sosovalue, the price of $BTC is 91,680 USD, an increase of 1.49% from yesterday. The market cap of $BTC is 1.81 trillion USD, accounting for 56.3% of the total market cap; $BTC's 24-hour trading volume is 78.13 billion USD, making up 32.9% of the total trading volume.
The price of $ETH is 3,127.6 USD, up 2.22% from yesterday; the market cap of $ETH is 376.64 billion USD, representing 11.7% of the total market cap; $ETH's 24-hour trading volume is 38.40 billion USD, comprising 16.2% of the total trading volume.
The combined market capitalization of $BTC and $ETH accounts for 68.0% of the total cryptocurrency market cap, and their combined trading volumes constitute 49.1% 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 12:00 Hong Kong time, according to sosovalue, the top five gainers are:
Top 1 gainer is Counterfire Economic Coin (CEC). As of 11:50 today, its market cap is 0E-8, with a coin price of 0.033420 USD, witnessing a 24-hour increase of 127%.
The second is Lybra Finance (LBR). As of 11:50 today, its coin price is 0.14523 USD, with a 24-hour increase of 66.5%.
The third is Choise.com (CHO). As of 11:50 today, its coin price is 0.023320 USD, showing a 24-hour increase of 60.6%.
In fourth place is sudoswap (SUDO). As of 11:50 today, its coin price is 0.17636 USD, with a 24-hour rise of 50.8%.
In fifth place is BarnBridge (BOND). As of 11:50 today, 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 crypto market.
According to sosovalue, out of 16 sectors, 15 are up and 1 is down. Notably, Layer2, DePIN, and AI are worth mentioning.
Layer2 sector has risen 4.64% relative to the UTC 0 time, led by gains in SKL (15%), A8 (14.7%), and TT (8.84%).
DePIN sector has increased 4.22% relative to UTC 0, with WSI (38.1%), POKT (20.1%), and DVPN (18.1%) leading the rise.
AI sector has risen 3.19%, with VVAIFU (59.2%), PAAL (26%), and NOS (17.8%) leading the rise.

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:Yesterday, Grayscale saw a net inflow of $54.40 million in $BTC and a net outflow of $13.30 million in ETHE.
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 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: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:According to Decrypt, the U.S. District Court for the Northern District of California ruled that Lido DAO can be considered a general partnership, and its members are legally responsible for its operational actions. The court dismissed Lido's claim that it is a non-legal entity and determined that Lido participants profit through governance and operations, and cannot evade responsibility due to its decentralized structure. The ruling pointed out that members holding Lido governance tokens (LDO), who make decisions and profit from staking rewards, constitute a partnership. Moreover, although Lido does not directly sell tokens, its promotional and marketing activities for tokens through cryptocurrency exchanges are viewed as securities sales, thus it still bears legal responsibility. This case sets a new legal precedent regarding the legal status of decentralized autonomous organizations (DAOs) and the responsibilities of their members.
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: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:

Bitcoin L2 solution Bitfinity Network announced the completion of a $12 million funding round, which includes $7 million invested by institutions such as Polychain Beacon Fund, ParaFi, Draft Ventures, and Warburg Serres, as well as $5 million raised through community over-the-counter (OTC) token sales. The project will leverage the Chain Fusion technology of the Internet Computer Protocol (ICP) to enable the operation of native Bitcoin assets within the Ethereum-compatible ecosystem. (Cointelegraph)

Next news:According to GMGN data, the new coin ELIZA issued by a16z founder Shaw saw its market value rise to 60 million USD within an hour of its creation, peaking at 100 million USD. Shaw stated that 10% of the tokens will be distributed to ELIZA holders who were snapshot on vvaifu.fun. Odaily reminds users that the prices of meme coins are highly volatile, and investors should participate with caution.

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.