SoSo Daily Dec 18 | The rumor that Binance Alpha has launched five tokens is false news.

Let's turn our attention to today's overall Crypto market situation.
As of 5:59 PM on December 18, 2024, according to sosovalue, the total market cap of the crypto market stands at 3.83 trillion US dollars, witnessing a decrease of 3.86% compared to yesterday; the total trading volume is 256.98 billion US dollars, marking a decline of 10.9% from the previous day.

According to sosovalue, the price of $BTC is 104,610 USD, a decrease of 2.64% from yesterday. The market cap of $BTC is 2.07 trillion USD, accounting for 54.1% of the total market cap; $BTC's 24-hour trading volume is 98.72 billion USD, making up 38.4% of the total trading volume.
The price of $ETH is 3,878.6 USD, down 2.56% from yesterday; the market cap of $ETH is 467.19 billion USD, representing 12.2% of the total market cap; $ETH's 24-hour trading volume is 35.12 billion USD, comprising 13.7% of the total trading volume.
The combined market capitalization of $BTC and $ETH accounts for 66.3% of the total cryptocurrency market cap, and their combined trading volumes constitute 52.1% 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 17:50 Hong Kong time, according to sosovalue, the top five gainers are:
Top 1 gainer is Hyperliquid. As of 17:50 today, its market cap is 8.39B, with a coin price of 25.137 USD, witnessing a 24-hour increase of 905%.
The second is BABB. As of 17:50 today, its coin price is 0.00017909 USD, with a 24-hour increase of 90.9%.
The third is Galaxia. As of 17:50 today, its coin price is 0.0021509 USD, showing a 24-hour increase of 47.8%.
In fourth place is Gearbox. As of 17:50 today, its coin price is 0.014443 USD, with a 24-hour rise of 43.7%.
In fifth place is GAME by Virtuals. As of 17:50 today, its coin price is 0.12950 USD, increasing by 39.9% 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, 2 are up and 14 are down. Notably, DeFi, DePIN, and PayFi sectors are worth mentioning.
DeFi sector has risen 5.56% relative to the UTC 0 time, led by gains in HYPE (908%), gear (42.3%), and LSD (35%).
DePIN sector has decreased 5.67% relative to UTC 0, with blz (-45.7%), ncdt (-20.1%), and zcn (-16.9%) leading the drop.
PayFi sector has fallen 6.1%, with kasta (-12.2%), ltc (-10.3%), and xno (-10.2%) leading the decline.

Let's go through the Crypto news worth paying attention today according to sosovalue:
The first is:Wu learned that the five tokens rumored to be launched on Binance Alpha on the afternoon of the 18th are false news. The reason is that Binance's official Golden V Twitter account posted a link containing information about the five tokens, but Binance later confirmed that the link was fake and may have been mistakenly posted by an operator.

According to the countdown displayed on the Binance Alpha page, the first batch of 5 projects will be announced at 18:00 Beijing time on December 18th, and notifications will be sent 10 minutes before the launch. This will include 3 projects from the BNB Chain ecosystem, 1 project from the Solana ecosystem, and 1 project from the Base ecosystem.
Next news:

Odaily Planet Daily News According to on-chain data analyst Yu Jin, another 2 addresses have transferred 21.92 million BLZ (approximately 1.99 million USD) into Binance through the same recharge address previously used. In the last hour, the total amount of BLZ transferred into Binance by this whale/institution has reached 178.40 million (approximately 17.88 million USD), accounting for 36% of the total BLZ supply. Previously reported, possibly influenced by Binance's announcement today to delist BLZ, a certain BLZ whale/institution address transferred 156.50 million BLZ (approximately 15.89 million USD) into Binance in the past half hour, which accounts for 31% of the total BLZ supply (total supply 500 million).

Next news:

According to Wu, the first batch of projects for Binance Alpha includes KOMA, Cheems, APX, ai16z, and AIXBT.

Next news:

According to TechCrunch, Avara, the development company behind Aave, Lens, and Family, has completed a $31 million financing round, led by Lightspeed Faction, with participation from Alchemy, Circle, Consensys, and others. With Lens, Avara is building a decentralized protocol that serves as infrastructure for social and consumer applications. The Lens v3 version is scheduled to launch on the mainnet in the first quarter of 2025.

Next news:MicroStrategy may suspend the issuance of convertible bonds to purchase Bitcoin in January.
Next news:

Odaily Planet Daily reports that market data shows USUAL briefly broke past 1.2 USDT, currently priced at 1.048 USDT, with a 24H increase of 24.58%.

Next news:According to official announcements, Binance will launch the LUMIAUSDT perpetual contract on December 18 at 19:30 (UTC+8), with a maximum leverage of 75 times. LUMIA was previously listed on Binance's spot market.
Next news:According to Wu, Deutsche Bank is developing an Ethereum L2 blockchain based on ZKsync technology, as reported by Bloomberg. The L2 solution developed by the bank is named Project Dama 2 and will be directly integrated with the Ethereum mainnet. The project design introduces a trusted validator mechanism and grants special supervisory powers to regulators to mitigate the risks of interactions with sanctioned entities, while ensuring a balance between blockchain transparency and financial compliance requirements. Deutsche Bank plans to launch a minimum viable product (MVP) in 2025 and is currently awaiting regulatory approval.
Next news:According to reports, Binance will launch the USUAL U perpetual contract on December 18, 2024, at 21:00 (UTC+8), with a maximum leverage of 75 times. Previously, Binance announced that spot trading for USUAL will begin on December 18 at 19:00 (UTC+8).
Next news:

According to Wu, as reported by Fortune, the tokenization startup Plume has completed a $20 million financing round, with participation from Brevan Howard Digital, Haun Ventures, Lightspeed Faction, and Galaxy Ventures, bringing the total funding to $30 million. The company is building a financing ecosystem for real-world assets, helping developers utilize this infrastructure to provide RWA financing.

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.