SoSo Daily Dec 3 | Coinbase Integrates Apple Pay into Fiat-to-Crypto Platform

According to sosovalue, the price of $BTC is 95,581 USD, a decrease of 2.28% from yesterday. The market cap of $BTC is 1.89 trillion USD, accounting for 52.2% of the total market cap; $BTC's 24-hour trading volume is 101.29 billion USD, making up 25.6% of the total trading volume.
The price of $ETH is 3,628.9 USD, down 2.68% from yesterday; the market cap of $ETH is 437.07 billion USD, representing 12.1% of the total market cap; $ETH's 24-hour trading volume is 47.26 billion USD, comprising 11.9% of the total trading volume.
The combined market capitalization of $BTC and $ETH accounts for 64.3% of the total cryptocurrency market cap, and their combined trading volumes constitute 37.5% 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 Avive. As of 01:50 today, its market cap is 1.88M, with a coin price of 0.00063380 USD, witnessing a 24-hour increase of 214%.
The second is Unifi Protocol DAO. As of 01:50 today, its coin price is 1.4915 USD, with a 24-hour increase of 186%.
The third is XYO Network. As of 01:50 today, its coin price is 0.018268 USD, showing a 24-hour increase of 111%.
In fourth place is TENET. As of 01:50 today, its coin price is 0.010570 USD, with a 24-hour rise of 92.5%.
In fifth place is MOO DENG. As of 01:50 today, its coin price is 0.61639 USD, increasing by 79.9% 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, 9 are up and 7 are down. Notably, PayFi, RWA, and DeFi sectors are worth mentioning.
PayFi sector has risen 9.52% relative to the UTC 0 time, led by gains in XVG (29.6%), CIRUS (28%), and XRP (13.2%).
RWA sector has increased 6.95% relative to UTC 0, with ONDO (30.3%), CPOOL (13.3%), and CTC (11.2%) leading the rise.
DeFi sector has risen 6.68%, with VELA (223%), UNFI (184%), and TENET (98%) leading the rise.

Let's go through the Crypto news worth paying attention today according to sosovalue:
The first is:Coinbase, the largest U.S. cryptocurrency exchange, has integrated Apple Pay into its fiat-to-crypto payment platform, Coinbase Onramp. This integration aims to simplify the process of purchasing cryptocurrencies by reducing the steps required to fund self-custody wallets. Initially rolled out to a select group of clients, the Onramp platform, formerly known as Coinbase Pay, is a software development kit and API series that allows developers to embed fiat-to-crypto ramps into applications. It supports over 60 currencies and offers a streamlined KYC process. The integration with Apple Pay, used by approximately 60 million people in the U.S., was announced in October. Following the news, Coinbase's stock rose by over 4%.
Next news:

According to Wu's report, Arkham monitoring revealed that 18 minutes ago, the U.S. government was transferring 19,799.99 $BTC (1.92 billion USD) of Bitcoin to a new address (bc1q0av...mzhspm).

Next news:MicroStrategy has acquired an additional 15,400 $BTC for $1.5 billion, bringing its total holdings to 402,100 BTC. The purchase was made at an average price of $95,976 per bitcoin between Nov. 25 and Dec. 1. This acquisition follows the sale of 3,728,507 shares, with $11.3 billion worth of shares still available for sale as part of a $42 billion capital raise plan. MicroStrategy's total bitcoin holdings are valued at over $38 billion, bought at an average price of $58,263 per bitcoin. The company has been consistently acquiring bitcoin, with recent purchases including 55,500 $BTC for $5.4 billion. MicroStrategy uses "Bitcoin Yield" to measure growth in bitcoin holdings, reporting a 63.3% year-to-date yield. Michael Saylor, the company's co-founder, has also advised Microsoft to adopt bitcoin as a treasury asset.
Next news:

According to Deep Tide TechFlow news, on December 2nd, Bitcoin briefly surpassed $98,000, currently reported at $97,985.33, with a 24-hour increase of 0.98% according to HTX market data.

Next news:Coinbase plans to add the memecoin Moo Deng (MOODENG) to its listing roadmap, marking the third memecoin addition after Dogwifhat (WIF) and Pepe (PEPE). MOODENG, based on a popular pygmy hippopotamus from Thailand, has seen significant trading activity and a 68% price increase in the past 24 hours, with a market cap over $579 million. It outperformed other memecoins, as the GMCI Index for memecoins fell by nearly 6%.
Next news:RTFKT, a startup known for its NFT digital shoes and acquired by Nike in 2021, is shutting down by January. Despite the closure, its Ethereum-based tokens will remain accessible. RTFKT plans to launch a new website to honor its legacy. The startup, launched in 2020, gained fame through collaborations with brands like Nike and artists such as Jeff Staple and Takashi Murakami. Nike acquired RTFKT to enhance its metaverse presence but has not commented on the shutdown. RTFKT, ranked ninth in NFT earnings, has generated significant revenue and trading volume, notably from its CloneX collection. The company plans one final drop before closing.
Next news:Sonic Labs, a Layer 1 blockchain project spun off from the Fantom network, announced the production of its first block of transactions, marking the "Genesis" of its new blockchain. The network is expected to go public soon, following a snapshot for the S token airdrop. Sonic Labs recently introduced "testnet 2.0" called Blaze, showcasing significant performance improvements with an average block time of 1.17 seconds and a finality time of 0.85 seconds. The project aims for sub-second finality and high transaction throughput. It has raised $10 million from notable investors and plans to launch its mainnet by early December. The Sonic network will feature a bridge to Ethereum and a shared sequencer for multiple rollups.
Next news:

According to Protos, Coinbase has announced its exit from the Turkish cryptocurrency market and has applied for company liquidation with the Turkish Capital Markets Board. This decision comes after the company withdrew its preliminary application submitted three months ago. In a statement, Coinbase stated that it is "continuously assessing potential market expansion opportunities" to adapt to changing market conditions and regulatory environments.

Next news:BitGo, a digital asset infrastructure provider, has launched a new retail platform offering global access to its regulated services, including trading, staking, lending, and custody. Previously focused on institutional clients, BitGo aims to provide retail investors with the same level of security and compliance. The platform is now live, with a promotional offer for U.S. users. BitGo recently secured $100 million in funding and is involved in a strategic partnership with Justin Sun and the Tron ecosystem, which has stirred some controversy in the crypto industry.
Next news:

According to Wu, Grayscale has announced that it has opened the Grayscale XRP Trust to qualified investors, allowing them to gain exposure to XRP in the form of securities. As of December 2, the net asset value per share of the Grayscale XRP Trust is $54.07, with assets under management of $13.06 million.

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.