SoSo Daily Nov 29 | Taiwan accelerates the implementation of stricter anti-money laundering regulations for cryptocurrencies.

According to sosovalue, the price of $BTC is 97,244 USD, an increase of 1.88% from yesterday. The market cap of $BTC is 1.92 trillion USD, accounting for 54.6% of the total market cap; $BTC's 24-hour trading volume is 54.32 billion USD, making up 27.9% of the total trading volume.
The price of $ETH is 3,594.9 USD, down 0.707% from yesterday; the market cap of $ETH is 432.96 billion USD, representing 12.3% of the total market cap; $ETH's 24-hour trading volume is 29.31 billion USD, comprising 15% of the total trading volume.
The combined market capitalization of $BTC and $ETH accounts for 66.9% of the total cryptocurrency market cap, and their combined trading volumes constitute 42.9% 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 Avive. As of 11:50 today, its market cap is 9.19M, with a coin price of 0.0030950 USD, witnessing a 24-hour increase of 1760%.
The second is Moongate. As of 11:50 today, its coin price is 0.059500 USD, with a 24-hour increase of 325%.
The third is Opus. As of 11:50 today, its coin price is 0.059119 USD, showing a 24-hour increase of 304%.
In fourth place is Gifto. As of 11:50 today, its coin price is 0.024690 USD, with a 24-hour rise of 301%.
In fifth place is IRISnet. As of 11:50 today, its coin price is 0.023100 USD, increasing by 224% 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, 14 are up and 2 are down. Notably, AI, PayFi, and GameFi sectors are worth mentioning.
AI sector has risen 12.2% relative to the UTC 0 time, led by gains in opus (299%), VADER (113%), and SEKOIA (99.1%).
PayFi sector has increased 10% relative to UTC 0, with kasta (12.8%), xrp (12.6%), and twt (9.48%) leading the rise.
GameFi sector has risen 6.48%, with MAJOR (144%), virtual (42.8%), and myria (30.3%) leading the rise.

Let's go through the Crypto news worth paying attention today according to sosovalue:
The first is:The Financial Supervisory Commission of Taiwan will implement new anti-money laundering regulations on November 30, one month earlier than originally planned. The new rules require cryptocurrency service providers to complete anti-money laundering compliance registration, with non-compliance potentially resulting in up to two years of imprisonment and a fine of 5 million New Taiwan Dollars. Overseas virtual asset service providers must establish a company or branch in Taiwan and complete registration. This move is in response to societal demands for stronger fraud prevention measures. The new regulations also strengthen the review of fiat currency custody, information security, customer complaint handling, record-keeping, and information disclosure. Major Taiwanese cryptocurrency exchanges MaiCoin and BitoPro have been fined for violating anti-money laundering regulations.
Next news:In a challenge known as the "world's first adversarial agent game," a player successfully convinced the Freysa AI agent to transfer a cryptocurrency prize worth approximately $47,000. Although Freysa was programmed never to change its rules under any circumstances, participants attempted various methods to bypass this directive. Ultimately, the winner, known as p0pular.eth, deceived Freysa into believing that its "approveTransfer" function could be used to authorize the receipt of funds, successfully triggering the transfer. Freysa's interaction fee mechanism also caused the final prize pool to swell to $47,316.05.
Next news:

Odaily Planet Daily reported that according to Lookonchain monitoring, in the past 3 days, four whales purchased a total of 5.87 million VIRTUAL, worth 7.46 million USD.

• 0xF973...0798 spent 1.47 million USD to purchase 1.91 million VIRTUAL at a price of 0.77 USD.


• 0x015C...A631 spent 1.71 million USD to purchase 1.55 million VIRTUAL at a price of 1.1 USD.


• 0x696B...6Ca5 spent 1.08 million USD to purchase 1.21 million VIRTUAL at a price of 0.89 USD.


• 0xe7CE...241B spent 1.09 million USD to purchase 1.20 million VIRTUAL at a price of 0.91 USD.

Next news:

According to Wu, Ethereum Foundation researcher Justin Drake tweeted that the Ethereum Foundation is investing tens of millions of dollars into zkVM, which includes zkRISC-V formal verification, Poseidon cryptanalysis, and L2beat for zkVMs.

Next news:

According to official announcements, Bithumb will launch the VIRTUAL Korean Won trading pair at 5:00 PM local time on Friday, November 29. Only BASE network deposits will be supported, and other networks will not be supported. The deposit and withdrawal functions will be opened within 3 hours after the announcement is released.

Next news:According to Wu Shuo, as reported by Cryptonews, Japanese Prime Minister Shigeru Ishiba has restructured the ruling party's Web3 and cryptocurrency policy-making department. The new Digital Minister, Masaaki Taira, announced at a forum on November 27 that the Liberal Democratic Party will dissolve the existing Web3 project team (PT) and establish a dedicated agency within the party's Digital Society Promotion Department, led by former Web3 PT Secretary Akihisa Shiozaki. The government stated it will continue to promote the development of Web3-related businesses. Previously, Masaaki Taira served as the head of the Web3 PT and advocated for reforms to Japan's cryptocurrency tax regulations. Furthermore, according to Shigeru Ishiba's campaign declaration, the government plans to leverage blockchain technology and NFTs to promote local development projects, maximizing the value of local products such as food and tourism experiences.
Next news:HYPE surged by 95.41%, opening at $3.95.
Next news:According to Wu, OKX has announced its twenty-fifth asset reserve proof (snapshot date 11-13). Users' $BTC assets amount to 139 thousand coins, an increase of 1.87% compared to the last report (10-8), with an addition of 2,563 $BTC; users' $ETH assets are 1.68 million coins, which is up 7.90%, adding 123 thousand $ETH; users' USDT assets total 6.65 billion coins, reflecting a growth of 15.37%, with an increase of 880 million USDT. Data from Defillama shows that OKX's current reserve assets are valued at 26.61 billion USD, having increased by 1.88 billion USD over the past month.
Next news:According to Wu, as reported by Cryptoslate, Coinbase will stop providing rewards to USDC holders located in the European Economic Area (EEA) on December 1 due to the upcoming Markets in Crypto-Assets (MiCA) regulation. Coinbase stated that this move is a result of new requirements for electronic money tokens. Users will continue to earn yields on their USDC balances until November 30, and payouts will be made within the first 10 working days of December. Coinbase's USDC reward program is available in over 100 jurisdictions. It generates daily yield based on the user's USDC balance on the exchange, with annual percentage yields (APY) varying by the user's location.
Next news:

According to Foresight News, data from Deribit shows that 98 thousand Bitcoin options and 412 thousand Ethereum options are set to expire, with a nominal value of 9.48 billion USD and 1.47 billion USD, respectively. The Put Call Ratio for Bitcoin options is 0.84, with a maximum pain point at 80,000 USD. The Put Call Ratio for Ethereum options is 0.75, with a maximum pain point at 2,900 USD.

According to Foresight News, data from Deribit shows that 98 thousand Bitcoin options and 412 thousand Ethereum options are set to expire, with a nominal value of 9.48 billion USD and 1.47 billion USD, respectively. The Put Call Ratio for Bitcoin options is 0.84, with a maximum pain point at 80,000 USD. The Put Call Ratio for Ethereum options is 0.75, with a maximum pain point at 2,900 USD.

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.