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SoSo Daily Dec 16 | Due to the influence of being listed on Upbit, MOCA experienced a short-term increase of over 300%.

SoSo Newsletter
3KWords
Dec 16, 2024

Let's turn our attention to today's overall Crypto market situation.
As of 11:59 AM on December 16, 2024, according to sosovalue, the total market cap of the crypto market stands at 3.84 trillion US dollars, witnessing a decrease of 0.434% compared to yesterday; the total trading volume is 242.22 billion US dollars, marking an increase of 36.7% from the previous day.

According to sosovalue, the price of $BTC is 103,800 USD, an increase of 1.1% from yesterday. The market cap of $BTC is 2.05 trillion USD, accounting for 53.5% of the total market cap; $BTC's 24-hour trading volume is 89.57 billion USD, making up 37% of the total trading volume.
The price of $ETH is 3,912.6 USD, up 0.902% from yesterday; the market cap of $ETH is 471.27 billion USD, representing 12.3% of the total market cap; $ETH's 24-hour trading volume is 31.90 billion USD, comprising 13.2% of the total trading volume.
The combined market capitalization of $BTC and $ETH accounts for 65.8% of the total cryptocurrency market cap, and their combined trading volumes constitute 50.2% of the total trading volume.


Top 5 Token Gainers of the Day


After reviewing the overall crypto market situation, let's shift our focus to the top 5 token gainers of the day:


As of 11:50 Hong Kong time, according to sosovalue, the top five gainers are:


Top 1 Gainer: Moca Coin (MOCA)


As of 11:50 today, its market cap is 270.96M, with a coin price of 0.21262 USD, witnessing a 24-hour increase of 144%.


Second: Maro (MARO)


As of 11:50 today, its coin price is 0.00058200 USD, with a 24-hour increase of 62.3%.


Third: Refereum (RFR)


As of 11:50 today, its coin price is 0.000041300 USD, showing a 24-hour increase of 54.7%.


Fourth: Undead Blocks (UNDEAD)


As of 11:50 today, its coin price is 0.0044000 USD, with a 24-hour rise of 39.2%.


Fifth: CoW Protocol (COW)


As of 11:50 today, its coin price is 0.87120 USD, increasing by 33.4% 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, 7 are up and 9 are down. Notably, Meme, PayFi, and SocialFi sectors are worth mentioning.
Meme sector has fallen by 2.18% relative to the UTC 0 time, led by declines in LUCE (-21.1%), ZEREBRO (-13.9%), and ELIZA (-12.4%).
PayFi sector has decreased by 3.11% relative to UTC 0, with pip (-16%), xvg (-9.8%), and kmd (-7.42%) leading the drop.
SocialFi sector has fallen by 4.17%, with gft (-67.7%), cos (-28.2%), and GAL (-20%) leading the decline.

Let's go through the Crypto news worth paying attention today according to sosovalue:
The first is:According to Deep Tide TechFlow news, on December 16, market data shows that MOCA experienced a short-term increase of over 300%, currently priced at $0.3591, possibly influenced by its listing on Upbit.
Next news:Bitcoin price hits a new high, surpassing $106,000. On Sunday, Bitcoin briefly fell back after reaching an all-time high of $106,352, and is currently trading at $104,700, with a 2.72% increase in the past 24 hours. Analysts believe that Bitcoin may continue to rise, driving positive market sentiment. The new all-time high for Bitcoin marks its maturation as an asset class, supported by institutional demand, ETFs, and corporate finance. Factors driving Bitcoin's rise include comments from elected President Trump about establishing a strategic cryptocurrency reserve, MicroStrategy's entry into the Nasdaq 100 index, and Riot Platforms' purchase of Bitcoin. Investors are focusing on the Federal Reserve meeting this Wednesday, where a 25 basis point rate cut is expected.
Next news:

According to Foresight News, data from OpenSea shows that the floor price of the NFT series V-On-Vana, powered by Vana, has dropped to 0.4 $ETH (approximately $1,560), with a decline of 85% in just one hour.

According to Foresight News, data from OpenSea shows that the floor price of the NFT series V-On-Vana, powered by Vana, has dropped to 0.4 $ETH (approximately $1,560), with a decline of 85% in just one hour.


Next news:

According to SoSoValue data, during the trading days last week (Eastern Time from December 9 to December 13), Bitcoin spot ETFs had a net inflow of 2.17 billion USD for the week, marking five consecutive trading days of net inflows. The Bitcoin spot ETF with the highest net inflow last week was BlackRock's ETF IBIT, which had a weekly net inflow of 1.51 billion USD. Currently, the historical total net inflow for IBIT has reached 35.88 billion USD.


Next news:

According to Wu Shuo, monitoring by Spot On Chain revealed that one hour ago, Justin Sun's address applied to withdraw 52,905 $ETH (approximately $209 million) from Lido Finance. This batch of $ETH is part of the 392,474 $ETH (approximately $1.19 billion) purchased at an average price of $3,027 through three wallets from February to August of this year, with an estimated total profit of $349 million (+29%). It is worth noting that Justin Sun unstaked 80,251 $ETH (approximately $131 million) from Lido on October 4, 2023, and transferred it to Binance within the following four days.


Next news:Bitcoin has reached a historic high, continuing its longest weekly winning streak since 2021. This surge has been driven by the support for digital assets from President-elect Donald Trump and his plans to make the United States a dominant force in the sector. Bitcoin briefly rose over 2%, reaching an unprecedented $105,023, surpassing the previous peak of December 5. This momentum has helped boost the broader sentiment in the cryptocurrency market.
Next news:According to reports, Mark Longo, the owner of the internet-famous squirrel Peanut, stated in a post that he has sent a cease-and-desist letter to Binance through his law firm. The letter points out that Binance has used multiple intellectual properties without authorization, including the PNUT trademark and the image of a squirrel wearing a cowboy hat. The contents of the letter indicate that Longo has been using the PNUT-related trademarks in the United States since April 2017, primarily for educational and charitable projects related to animal protection, wildlife, and nature conservation. If the infringement is found to be intentional, the compensation amount could be as high as $150 thousand per infringement. The lawyer has demanded that Binance respond and cease all infringing activities by December 31.
Next news:Wu reported that Upbit announced the launch of the VANA trading pair (KRW, $BTC, USDT markets).
Next news:

According to Wu, the Bitcoin staking platform Solv Protocol announced on Twitter that SOLV will be launched on HyperliquidX.


Next news:Wu reported that Slow Fog's Chief Information Security Officer 23pds tweeted that the cryptocurrency theft Trojan MacOS Stealer has been open-sourced. Previously, the attack source code was sold for 1 $BTC, and now that it is open-sourced, more malicious attackers can easily access this tool. This not only allows attackers to have their own attack library but may also give rise to more covert and complex attack methods, posing greater challenges to the security of cryptocurrency assets.

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.

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