SoSo Daily Dec 4 | South Korea's largest opposition party threatens to impeach President Yoon Suk-yeol.

According to sosovalue, the price of $BTC is 96,242 USD, an increase of 1.32% from yesterday. The market cap of $BTC is 1.90 trillion USD, accounting for 50.9% of the total market cap; $BTC's 24-hour trading volume is 86.55 billion USD, making up 20.7% of the total trading volume.
The price of $ETH is 3,729.2 USD, up 3.19% from yesterday; the market cap of $ETH is 449.15 billion USD, representing 12% of the total market cap; $ETH's 24-hour trading volume is 44.34 billion USD, comprising 10.6% of the total trading volume.
The combined market capitalization of $BTC and $ETH accounts for 62.9% of the total cryptocurrency market cap, and their combined trading volumes constitute 31.3% 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 Artyfact. As of 11:50 today, its market cap is 32.94M, with a coin price of 1.5453 USD, witnessing a 24-hour increase of 114%.
The second is PolkaBridge. As of 11:50 today, its coin price is 0.080850 USD, with a 24-hour increase of 98%.
The third is Aladdin DAO. As of 11:50 today, its coin price is 0.11633 USD, showing a 24-hour increase of 86.5%.
In fourth place is SWFTCOIN. As of 11:50 today, its coin price is 0.0084340 USD, with a 24-hour rise of 79.4%.
In fifth place is TRON. As of 11:50 today, its coin price is 0.38790 USD, increasing by 61.9% 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, 15 are up and 1 is down. Notably, CeFi, NFT, and Layer1 sectors are worth mentioning.
CeFi sector has risen 17.1% relative to the UTC 0 time, led by gains in swftc (76.3%), amp (53.4%), and ht (28.7%).
NFT sector has increased 14% relative to UTC 0, with dome (72.7%), hello (42.7%), and epik (33%) leading the rise.
Layer1 sector has risen 9.51%, with trx (61.9%), HYPE (42%), and soul (22.1%) leading the rise.

Let's go through the Crypto news worth paying attention today according to sosovalue:
The first is:South Korea's largest opposition party, the Democratic Party, has demanded President Yoon Suk-yeol's immediate resignation, threatening to initiate impeachment proceedings if he does not comply. Yoon announced the implementation of martial law and lifted it six hours later. The Democratic Party claims this action is a serious violation of the constitution and the root cause of public unrest. Following an emergency meeting in the National Assembly, the Democratic Party issued a resolution declaring the martial law invalid and unconstitutional, stating that if Yoon does not resign, they will immediately start the impeachment process.
Next news:Foundry, a subsidiary of Digital Currency Group (DCG), has announced layoffs affecting 16% of its U.S. workforce. The decision is part of a strategic shift to concentrate on its core business operations.
Next news:

According to SoSoValue data, on December 3rd, Eastern Time, the Ethereum spot ETF saw a net inflow of $133 million in a single day, marking seven consecutive days of net inflows. Among these, the Fidelity ETF FETH had the highest single-day net inflow, reaching $73.72 million, with a historical cumulative net inflow of $918 million; BlackRock's ETF ETHA followed closely with a single-day net inflow of $65.29 million and a historical cumulative net inflow of $2.22 billion. Grayscale's Ethereum Trust ETF ETHE experienced a net outflow of $6.37 million, with a historical cumulative net outflow of $3.42 billion. The total net asset value of Ethereum spot ETFs reached $11.22 billion, accounting for 2.58% of Ethereum's total market capitalization.

Next news:BNB briefly reached 774.6 USDT, setting a new all-time high.
Next news:

According to SoSoValue, as of December 3th (Eastern Time), Bitcoin spot ETFs experienced a total net inflow of $675.97M.

Yesterday, Grayscale's ETF GBTC had a net outflow of $0.00 , bringing GBTC's total historical net outflow to $20.55B.

Grayscale Bitcoin Mini Trust ETF $BTC had a net outflow of $ 0.00 ，bringing Grayscale Bitcoin Mini Trust ETF $BTC's total historical net inflow to $729.09M.

The Bitcoin spot ETF with the highest net inflow for the day was BlackRock's ETF IBIT, with a daily net inflow of $693.25M, with IBIT's total historical net inflow reaching $32.77B.

Following that, Fidelity's ETF FBTC had a daily net inflow of $52.17M, with FBTC's total historical net inflow reaching $11.53B.

As of this writing, the total net asset value of Bitcoin spot ETFs stands at $104.25B, with the ETF net asset ratio (the market value relative to the total market value of Bitcoin) reaching 5.51%. The historical cumulative net inflow has reached $31.73B.

Source: https://sosovalue.com/assets/etf

Next news:The U.S. government has transferred approximately $33.60 million worth of cryptocurrency from its wallet to two unknown addresses, with the funds having been seized from the collapsed cryptocurrency exchange FTX and trading firm Alameda. According to data from Arkham Intelligence, the government conducted multiple transactions on Tuesday, including the transfer of 5,024 Ether (about $18 million) to two addresses starting with "0x9cd" and "0x9ac." The government wallet, labeled "FTX Alameda Seized Funds," also transferred $13 million in BUSD, $1.50 million in SHIB, and various other tokens to these two addresses. These transfers occurred after a general increase in the cryptocurrency market. Ether has risen 0.3% in the past 24 hours, trading at $3,643, up from $2,460 a month ago. Notably, Ethereum's on-chain transaction volume reached $183.74 billion in November, marking the highest monthly trading volume of the year. The Block Research noted in its newsletter this week: "This growth may be attributed to capital rotation, with market participants reallocating funds from CEXs to on-chain activities as they move down the risk curve."
Next news:South Korean President Yoon Suk-yeol announced a state of emergency martial law, leading to a decline in the local cryptocurrency market. Around 10:30 PM on Tuesday, President Yoon stated in a televised address that the emergency martial law was implemented to protect South Korea from the threats of North Korean communist forces and to eliminate anti-state elements. The martial law means direct military control over civil affairs and is typically enacted when public order is under significant threat. This announcement caused a sharp drop in cryptocurrency prices on major exchanges such as Upbit, Bithumb, and Coinone. Bitcoin fell by about 12% at one point on Upbit, while Tether (USDT) dropped to 1,200 Korean won, approximately 84 cents. Most altcoins, including Ripple (XRP), Shiba Inu, and Dogecoin, also experienced double-digit declines. The Upbit market index fell by 13.28% over the past day. Due to a surge in traffic, Upbit's mobile trading application is currently inaccessible.
Next news:Since its launch on November 29, the HYPE token has skyrocketed over 200%, currently priced at $12.11, driving its fully diluted valuation to over $12 billion. HYPE's market capitalization is approximately $4 billion, with a 24-hour trading volume exceeding $258 million. Hyperliquid leads in trading volume and total locked value among decentralized perpetual swap platforms. Anmol Singh, co-founder of Zeta Markets, believes that decentralized exchanges (DEXs) are becoming the preferred choice for token issuance, and expects that by 2025, most token issuances will occur on DEXs. HYPE plays a crucial role in the HyperLiquid ecosystem, allowing for staking to secure the network and serving as the native gas token for HyperEVM.
Next news:

Odaily Planet Daily reported that according to monitoring by Lookonchain, whales continue to accumulate PEPE. Over the past 20 days, a whale has withdrawn a total of 33.709 billion PEPE (6.92 million USD) from Binance.

Next news:GAIB, a crypto-AI startup, has raised $5 million in a pre-seed funding round led by Hack VC, with participation from Faction VC, Hashed, and others. Founded in June, GAIB aims to tokenize GPUs to make AI computing more accessible. The funding round was structured as a SAFE with token warrants. GAIB's platform will allow AI cloud companies to stake GPUs, which will be tokenized for investment. The startup plans a pilot launch this month and an alpha product launch within two months. GAIB will operate on multiple blockchains, including Ethereum and Polygon. The team, based in Singapore, plans to expand.

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.