SoSo Daily Nov 24 | Cantor Fitzgerald is negotiating to acquire a 5% stake in Tether.

According to sosovalue, the price of $BTC is 97,262 USD, a decrease of 1.2% from yesterday. The market cap of $BTC is 1.92 trillion USD, accounting for 55.6% of the total market cap; $BTC's 24-hour trading volume is 43.03 billion USD, making up 16.8% of the total trading volume.
The price of $ETH is 3,345 USD, down 0.345% from yesterday; the market cap of $ETH is 402.84 billion USD, representing 11.6% of the total market cap; $ETH's 24-hour trading volume is 35.10 billion USD, comprising 13.7% of the total trading volume.
The combined market capitalization of $BTC and $ETH accounts for 67.2% of the total cryptocurrency market cap, and their combined trading volumes constitute 30.5% 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 12:00 Hong Kong time, according to sosovalue, the top five gainers are:
Top 1 gainer is Ternoa (CAPS). As of 11:50 today, its market cap is 13.61M, with a coin price of 0.0079050 USD, witnessing a 24-hour increase of 147%.
The second is Pixelverse (PIXFI). As of 11:50 today, its coin price is 0.0064200 USD, with a 24-hour increase of 85.9%.
The third is The Sandbox (SAND). As of 11:50 today, its coin price is 0.62140 USD, showing a 24-hour increase of 56.7%.
In fourth place is Koinos (KOIN). As of 11:50 today, its coin price is 0.27650 USD, with a 24-hour rise of 56.1%.
In fifth place is Prism (PRISM). As of 11:50 today, its coin price is 0.0013580 USD, increasing by 52.8% 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, 7 are up and 9 are down. Notably, GameFi, PayFi, and Meme sectors are worth mentioning.
GameFi sector has risen 11.2% relative to the UTC 0 time, led by gains in PIXFI (82.8%), sand (51.3%), and enj (33.6%).
PayFi sector has decreased 6.07% relative to UTC 0, with RUBY (-22%), nim (-11.5%), and xrp (-10.5%) leading the drop.
Meme sector has fallen 9.77%, with ELIZA (-38.6%), vvaifu (-27.8%), and FLAVIA (-27.5%) leading the decline.

Let's go through the Crypto news worth paying attention today according to sosovalue:
The first is:According to a report by The Wall Street Journal, Howard Lutnick, the CEO of Cantor Fitzgerald, is in negotiations with Tether to acquire a 5% stake in the company. This move could have a significant impact on the cryptocurrency market, as Tether is one of the most widely used stablecoins in the market.
Next news:

According to Foresight News, Elon Musk posted a "WOULD" meme on the X platform and expressed his liking for it. As a result, the token with the same name surged over 700 times in a short period, with a market capitalization currently reported at 6 million USD.

According to Foresight News, Elon Musk posted a "WOULD" meme on the X platform and expressed his liking for it. As a result, the token with the same name surged over 700 times in a short period, with a market capitalization currently reported at 6 million USD.

Next news:The U.S. market may launch a Solana ETF by the end of 2025. The Cboe BZX Exchange has submitted four applications for a spot Solana ETF, proposed by VanEck, 21Shares, Bitwise Asset Management, and Canary Capital. The U.S. Securities and Exchange Commission (SEC) is reviewing these applications, with a final deadline expected in early August. As Trump is elected president and a pro-crypto Congress is about to take office, optimism in the industry for the approval of the Solana ETF is increasing. Gary Gensler's resignation has further fueled this optimism among cryptocurrency supporters. Nate Geraci, president of ETF Store, and Alexander Blume, CEO of Two Prime Digital Assets, both believe that the Solana ETF will be approved by the end of next year. Blume pointed out that the success of spot Bitcoin and Ethereum ETFs, along with a more favorable regulatory environment, will drive the launch of the Solana ETF. Solana's price has recently hit an all-time high, and interest in cryptocurrencies continues to grow.
Next news:According to reports, around 22:30 on November 23, the price of the WBTC/USDT trading pair on Binance experienced a flash crash, dropping to as low as 5,209 USDT before quickly recovering to normal levels. The trading volume within 15 minutes surged from the usual less than 1 WBTC to 88.6 WBTC. The cause of the flash crash may be attributed to the low liquidity of this trading pair, resulting in price abnormalities due to a large market sell order. Some community members speculate that hackers could be using this low-liquidity trading pair for wash trading to launder money; however, Binance has not yet issued an official statement explaining the incident. Similar situations have previously occurred with niche trading pairs such as BNB/USDC, WBTC/BTC, and ARB/TUSD on Binance.
Next news:

Odaily Planet Daily reports that Jupiter announced on X that the first Jupuary vote will commence on November 25, seeking a support rate of 70%. If the required support is not met, the team will rapidly iterate new votes until the desired support rate milestone is achieved. Jupiter added that this is one of the most important votes in its history and one of the most interesting votes in DAO history.

Next news:

Foresight News reports that the Ethereum L2 Movement has launched the Parthenon testnet, which currently has a total transaction volume of 671 million, with active addresses reaching 15.80 million and 63 applications online.

Foresight News reports that the Ethereum L2 Movement has launched the Parthenon testnet, which currently has a total transaction volume of 671 million, with active addresses reaching 15.80 million and 63 applications online.

Next news:

According to Foresight News, the ai16z platform stated, "The DAO partners have decided to pause any distracting work to focus 100% of our efforts on ai16z and the degenai token, concentrating on launching our AI trader. ai16z and AI Combinator will be completely separated. We wish Ryze Labs success in accelerating the field of AI agents."

According to Foresight News, the ai16z platform stated, "The DAO partners have decided to pause any distracting work to focus 100% of our efforts on ai16z and the degenai token, concentrating on launching our AI trader. ai16z and AI Combinator will be completely separated. We wish Ryze Labs success in accelerating the field of AI agents."

Next news:

According to DL News, after investing $133 million in the 2024 elections, the cryptocurrency industry has raised $78 million for the 2026 midterm elections. Among them, Coinbase has pledged $25 million to the pro-cryptocurrency political action committee Fairshake, while Andreessen Horowitz has also committed over $23 million to Fairshake and its affiliated political action committee.

Next news:

According to Bitcoin.com, the U.S. Securities and Exchange Commission (SEC) released its enforcement report for the fiscal year 2024, showing that a total of 583 enforcement actions were initiated, an increase of 14% compared to 2023. The fines and settlement amounts reached a record $8.20 billion. The enforcement focus includes high-risk areas such as cryptocurrencies and private equity funds.

Next news:Elon Musk retweeted a video about Mars colonization posted by Mario Nawfal, stating that this is support from the "meme" OG creator.

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.