SoSo Daily Dec 11 | Microsoft Shareholders Vote Against Bitcoin Reserves Proposal

According to sosovalue, the price of $BTC is 96,593 USD, a decrease of 0.703% from yesterday. The market cap of $BTC is 1.91 trillion USD, accounting for 53.1% of the total market cap; $BTC's 24-hour trading volume is 144.34 billion USD, making up 33.3% of the total trading volume.
The price of $ETH is 3,628.2 USD, down 2.26% from yesterday; the market cap of $ETH is 437.00 billion USD, representing 12.1% of the total market cap; $ETH's 24-hour trading volume is 64.90 billion USD, comprising 15% of the total trading volume.
The combined market capitalization of $BTC and $ETH accounts for 65.2% of the total cryptocurrency market cap, and their combined trading volumes constitute 48.3% 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 Magic Eden. As of 23:50 today, its market cap is 0E-8, with a coin price of 5.3660 USD, witnessing a 24-hour increase of 1690%.
The second is PAWSWAP. As of 23:50 today, its coin price is 0.000000026805 USD, with a 24-hour increase of 49.2%.
The third is Sender AI. As of 23:50 today, its coin price is 0.091300 USD, showing a 24-hour increase of 40.9%.
In fourth place is Voyager VGX. As of 23:50 today, its coin price is 0.024330 USD, with a 24-hour rise of 39%.
In fifth place is Usual. As of 23:50 today, its coin price is 0.73910 USD, increasing by 30.5% 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, 3 are up and 13 are down. Notably, RWA, PayFi, and Meme sectors are worth mentioning.
RWA sector has risen 5.59% relative to the UTC 0 time, led by gains in Usual (21.5%), ondo (14.1%), and cpool (12.9%).
PayFi sector has increased 5.35% relative to UTC 0, with clv (10.2%), xrp (7.13%), and xlm (6.26%) leading the rise.
Meme sector has fallen -4.92%, with gnon (-26.3%), BENDOG (-18.3%), and VADER (-17.4%) leading the decline.

Let's go through the Crypto news worth paying attention today according to sosovalue:
The first is:Microsoft shareholders have voted against a proposal to include Bitcoin in the company's financial reserves. The decision reflects a cautious approach towards cryptocurrency investments, aligning with the company's current financial strategy. This move indicates Microsoft's preference to maintain traditional asset management practices, avoiding the volatility associated with cryptocurrencies.
Next news:

According to OKX market data, $BTC has fallen below 97,000 USDT, currently reported at 96,989.6 USDT, with a 24H decline of 1.42%. (This news flash was generated with AI assistance)

Next news:Wu reported that MARA tweeted that the company raised funds through zero-interest convertible bonds to purchase 11,774 Bitcoins at a price of approximately 96 thousand USD each, totaling about 1.10 billion USD. As of December 9, 2024, MARA holds a total of 40,435 Bitcoins, with a total value of approximately 3.90 billion USD calculated at the current spot price of 96.50 thousand USD each. The company's Bitcoin returns for the quarter-to-date (QTD) and year-to-date (YTD) are 12.3% and 47.6%, respectively.
Next news:Web3 AI cloud firm Hyperbolic has secured $12 million in Series A funding, led by Variant and Polychain Capital, increasing its total funding to $20 million. Other investors include Chapter One, Lightspeed Faction, IOSG, Vertex, GSR, Wintermute Ventures, Blockchain Builders Fund, Alumni Ventures, and Ambush. Hyperbolic utilizes a decentralized network of GPU power, leveraging blockchain for authenticity and security, to offer open access to AI infrastructure and services. The funds will be used to enhance engineering and multidisciplinary teams and to develop its own blockchain. Previously, Hyperbolic raised $7 million in seed funding and $725,000 in pre-seed funding.
Next news:David Solomon, the CEO of Goldman Sachs, stated that the company might consider entering Bitcoin and Ethereum trading if the regulatory environment in the United States changes. At Reuters' Next conference, Solomon mentioned that Goldman Sachs' ability to participate in the cryptocurrency space is limited due to current regulatory constraints. He pointed out that as the regulatory framework evolves, Goldman Sachs will assess the possibility of entering the market. Solomon also mentioned that new regulatory changes for the cryptocurrency industry might arise following Trump's election as president. Since November, Bitcoin prices have reached new highs, exceeding 100 thousand USD. Goldman Sachs launched its cryptocurrency trading division in 2021 and participated in the testing of the Canton Network.
Next news:According to Wu Shuo, Tether has announced via an official announcement that its stablecoin USDT has been recognized by the Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM) as an "acceptable virtual asset" (AVA). This recognition covers USDT on the Ethereum, Solana, and Avalanche blockchains.
Next news:Bitcoin breaks through 98,000 USDT
Next news:ETH price falls below $3,800
On December 10, PANews reported that OKX market data shows the price of $ETH has just fallen below $3,800, with the current trading price at $3,798.77, down 0.67% for the day.
Next news:

Neptune Protocol, a decentralized lending platform based on the Eclipse blockchain, has completed a $3.90 million seed round financing, with participation from Bloccelerate, Animoca Ventures, CMS Holdings, and others. The funds will be used to support the launch of Eclipse's native stablecoin USDN, which is a modular blockchain powered by the Solana Virtual Machine (SVM). Additionally, Neptune Protocol is expected to launch its mainnet in Q4 2024. (The Block)

Next news:

According to Wu, Binance will launch Magic Eden (ME) with a seed tag. The trading open time is December 10, 2024, at 23:00 (UTC+8). Magic Eden is a multi-chain NFT marketplace.

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.