SoSo Daily Dec 2 | Spectral: A security vulnerability in Syntax has led to the removal of $200,000 in liquidity, and access is currently suspended.

According to sosovalue, the price of $BTC is 97,223 USD, an increase of 0.845% from yesterday. The market cap of $BTC is 1.92 trillion USD, accounting for 53% of the total market cap; $BTC's 24-hour trading volume is 43.28 billion USD, making up 19.5% of the total trading volume.
The price of $ETH is 3,708.6 USD, up 0.136% from yesterday; the market cap of $ETH is 446.67 billion USD, representing 12.3% of the total market cap; $ETH's 24-hour trading volume is 29.87 billion USD, comprising 13.5% of the total trading volume.
The combined market capitalization of $BTC and $ETH accounts for 65.3% of the total cryptocurrency market cap, and their combined trading volumes constitute 33% 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 23:50 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 Vela Token. As of 23:50 today, its coin price is 0.094200 USD, with a 24-hour increase of 223%.
The third is Helium Mobile. As of 23:50 today, its coin price is 0.0019956 USD, showing a 24-hour increase of 128%.
In fourth place is Wall Street Memes. As of 23:50 today, its coin price is 0.0025700 USD, with a 24-hour rise of 106%.
In fifth place is Kasta. As of 23:50 today, its coin price is 0.044688 USD, increasing by 89.1% 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, the PayFi, Meme, and AI sectors are worth mentioning.

The PayFi sector has risen by 15% relative to the UTC 0 time, led by gains in kasta (83.7%), klv (31%), and xrp (18.2%).

The Meme sector has increased by 5.56% relative to UTC 0, with wsm (106%), eliza (43.7%), and ELIZA (28.6%) leading the rise.

The AI sector has fallen by 4.47%, with LUNA (-32.3%), SEKOIA (-21.5%), and fartcoin (-19.2%) leading the decline.

Let's go through the Crypto news worth paying attention today according to sosovalue:
The first is:

According to Foresight News, the on-chain proxy machine intelligence network Spectral announced that it received an alert about a vulnerability affecting a specific token on the Syntax bonding curve contract, which resulted in approximately 200 thousand USD in liquidity being removed. In response to this issue, the Spectral team has temporarily disabled access to the Syntax application and paused the smart contract to prevent further program interactions. The Spectral team is currently collaborating with security experts to identify the root cause of the problem and develop a fix to restore normal platform operations as soon as possible.

Next news:Ripple's XRP token has surged, surpassing Solana in market capitalization to become the fourth most valuable cryptocurrency. XRP's price rose over 11% in the past 24 hours, reaching $2.18, its highest since 2018. Its market cap is now nearly $121 billion, compared to Solana's $112.2 billion. XRP has outperformed the GMCI 30 index, which increased by 1.30% in the last day. The surge follows SEC Chair Gary Gensler's announcement of his departure, amid Ripple's ongoing legal battle with the SEC. Investors are also anticipating the launch of spot XRP ETFs, following approvals for Bitcoin and Ethereum ETFs.
Next news:

According to Foresight News, Ethereum Foundation researcher Justin Drake stated that the Ethereum Beacon Chain was launched four years ago on December 1, 2020, with 50 million $ETH staked. Although it initially did not provide direct benefits to users, it has gradually grown to become one of the most powerful foundations in blockchain history. Looking ahead, Ethereum has the opportunity to become the settlement layer of the value internet. Despite the Beacon Chain being far from perfect, it is undergoing a long-term upgrade journey, which includes improvements in censorship mechanisms and MEV handling, reducing staking deposits, increasing finality speed, smart issuance, achieving smartwatch-level full-chain verification, and post-quantum security. Meanwhile, outside the consensus layer, there is hope to achieve complete sharding on the data layer and native rollups on the execution layer. Improvements to L1 will be implemented incrementally each year, with some enhancements, such as chain networking and post-quantum security, potentially requiring a complete redesign. L2 solutions are expected to provide significant performance improvements within a few months, including fast user experiences, low fees, unlimited throughput, and synchronous composability, among others.

Next news:

According to Wu's report, monitoring by Arkham reveals that the PNUT whale: 6jtAdr...ijN8Ci withdrew 10 million ACT from Binance today between 21:38 and 21:39 UTC+8, valued at approximately 6.11 million USD. Currently, this address is the ninth largest holder of ACT. Additionally, this whale also holds approximately 12.10 million USD in PNUT and 1.58 million USD in other Memecoins like GOAT.

Next news:Cathie Wood of Ark Investment Management LLC expressed her welcome for the anticipated era of regulatory easing following Trump's presidency, particularly in the fields of technology, cryptocurrency, and digital assets. Wood noted that the United States has almost lost its foothold in the cryptocurrency sector due to excessive regulation and mentioned the concerns of the outgoing Securities and Exchange Commission Chair Gary Gensler regarding the industry.
Next news:On December 1, the Moonshot platform announced the launch of a new project, Bertram The Pomeranian ($Bert), which currently has a market capitalization of 103.40 million and a 24-hour trading volume of 10.80 million.
Next news:XRP's market capitalization has surpassed $100 billion, reaching levels last seen in 2018. This surge has resulted in a 30% gain over the past week, outperforming major cryptocurrencies like Bitcoin. Over the past 30 days, XRP has seen a nearly 300% increase. This growth coincides with Ripple's RLUSD nearing approval.
Next news:Asia's weekly TOP10 crypto news (Nov 25 to Dec 1) Japan’s FSA Issues Warnings to Five Unregistered Overseas Crypto Exchanges, Wintermute Asia Announces Plans to Establish New Headquarters in Singapore, Metaplanet Aims to Raise $62 Million for Bitcoin Purchases.
Next news:SlowMist's Yuxian addressed concerns about the timeline for DEXX victims to recover funds, emphasizing that the process of disclosing the attacker's address involves rigorous comparison and analysis. He clarified that SlowMist's statistical results are not sequentially linked with other recovery steps, as most losses were disclosed shortly after the incident, with subsequent losses being minor. The process of handling false positives and negatives is time-consuming, and relying solely on SlowMist's final statistics could delay recovery. Yuxian highlighted that many tasks are parallel rather than sequential.
Next news:JUST IN: $XRP surpasses $2 https://t.co/88dGgTvxjV


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.