SoSo Daily Dec 21 | BTC spot ETF total net outflow was $276.93M yesterday, with the net asset ratio reaching 5.75%.

Let's turn our attention to today's overall Crypto market situation.
As of 11:59 AM on December 21, 2024, according to sosovalue, the total market cap of the crypto market stands at 3.56 trillion US dollars, witnessing an increase of 5.3% compared to yesterday; the total trading volume is 301.31 billion US dollars, marking a decline of 28.3% from the previous day.

According to sosovalue, the price of $BTC is 98,305 USD, an increase of 6.02% from yesterday. The market cap of $BTC is 1.95 trillion USD, accounting for 54.6% of the total market cap; $BTC's 24-hour trading volume is 86.45 billion USD, making up 28.7% of the total trading volume.
The price of $ETH is 3,445.6 USD, up 11% from yesterday; the market cap of $ETH is 415.03 billion USD, representing 11.6% of the total market cap; $ETH's 24-hour trading volume is 52.51 billion USD, comprising 17.4% of the total trading volume.
The combined market capitalization of $BTC and $ETH accounts for 66.2% of the total cryptocurrency market cap, and their combined trading volumes constitute 46.1% 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 12:00 Hong Kong time, according to sosovalue, the top five gainers are:
Top 1 gainer is dForce. As of 11:50 today, its market cap is 86.18M, with a coin price of 0.086990 USD, witnessing a 24-hour increase of 134%.
The second is AVACOIN. As of 11:50 today, its coin price is 0.000061600 USD, with a 24-hour increase of 110%.
The third is Mongy. As of 11:50 today, its coin price is 0.00018600 USD, showing a 24-hour increase of 91.8%.
In fourth place is sekoia by Virtuals. As of 11:50 today, its coin price is 0.030364 USD, with a 24-hour rise of 75.8%.
In fifth place is Moca Coin. As of 11:50 today, its coin price is 0.29516 USD, increasing by 73.5% 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, 16 are up and 0 are down. Notably, Meme, NFT, and GameFi sectors are worth mentioning.
Meme sector has risen 25.7% relative to the UTC 0 time, led by gains in MONGY (97.9%), SEKOIA (77.9%), and AIXBT (69.1%).
NFT sector has increased 24.4% relative to UTC 0, with MOCA (72.5%), talk (59.1%), and looks (35.5%) leading the rise.
GameFi sector has risen 23.7%, with AVACN (118%), ride (74.6%), and agld (51.9%) leading the rise.

Let's go through the Crypto news worth paying attention today according to sosovalue:
The first is:

According to SoSoValue, as of December 20th (Eastern Time), Bitcoin spot ETFs experienced a total net outflow of $276.93M.

Yesterday, Grayscale's ETF GBTC had a net outflow of $57.36M, bringing GBTC's total historical net outflow to $21.29B.

Grayscale Bitcoin Mini Trust ETF $BTC had a net inflow of $ 6.41M，bringing Grayscale Bitcoin Mini Trust ETF $BTC's total historical net inflow to $859.74M.

Following that, Franklin's ETF EZBC had a daily net inflow of $5.61M, with EZBC's total historical net inflow reaching $467.25M.

As of this writing, the total net asset value of Bitcoin spot ETFs stands at $109.72B, with the ETF net asset ratio (the market value relative to the total market value of Bitcoin) reaching 5.75%. The historical cumulative net inflow has reached $36.05B.

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

Next news:

According to Fortune, David Sacks was originally slated to serve as the "AI and Cryptocurrency Czar" for the Trump administration, but the scope of his position has changed. What was initially expected to be a leadership role will now shift to a general advisory role. Sacks will continue to provide advice on technology policy, but since he remains involved with Craft Ventures, he has not become a full-time government employee. Instead, former Trump administration Chief Technology Officer Michael Kratsios will lead the technology policy work.

Next news:Tai Mo Shan Ltd., a part of Jump Trading's crypto unit, has agreed to pay $123 million to settle claims by the US Securities and Exchange Commission (SEC). The SEC alleged that Tai Mo Shan misled investors regarding the stability of the TerraUSD algorithmic stablecoin and violated securities laws during the underwriting of TerraUSD's sister token, Luna. The settlement was reached without Tai Mo Shan admitting or denying the allegations.
Next news:Tether, the largest stablecoin issuer, has invested $775 million in Rumble, a YouTube-alternative platform. This strategic move aligns with Rumble's increasing focus on the crypto industry, following its recent decision to allocate $20 million to bitcoin. The investment led to a 44.6% surge in Rumble's stock during aftermarket trading. Tether's profits have soared amid rising interest rates, enabling it to make strategic investments in sectors like AI and decentralized messaging. Rumble plans to use $250 million for growth initiatives and the rest for a self-tender offer. The investment highlights the connection between cryptocurrency and free speech communities.
Next news:

According to Wu Shuo, Google has announced an update to its financial products and services policy, which will revise its cryptocurrency and related products policy in January 2025, clarifying the scope and requirements for advertising cryptocurrency-related businesses and services. Starting from January 15, 2025, advertisers targeting cryptocurrency exchanges in the UK can promote these products and services after meeting the following requirements and obtaining Google certification.

• UK (Cryptocurrency Exchanges and Software Wallets): Google allows advertisers to run ads for cryptocurrency exchanges and cryptocurrency wallet services targeting the UK, as long as they are registered with the Financial Conduct Authority (FCA). They must also comply with any other local legal requirements.
• UK (Hardware Wallets): Google allows ads promoting hardware wallets used to store cryptocurrency, NFTs, or other cryptocurrency asset private keys, but not additional services such as buying, selling, exchanging, or trading assets. They must also comply with any other local legal requirements.

Advertisers must also obtain Google certification.

Next news:Tether Holdings Ltd., the largest stablecoin issuer, is projected to achieve over $10 billion in net profits for 2024, according to CEO Paolo Ardoino. The surge in profits is attributed to the increased demand for Tether's USDT stablecoin, which has seen its market capitalization grow by nearly $50 billion this year, reaching over $140 billion. This growth is driven by the rally in Bitcoin and other cryptocurrencies. Tether's earnings are largely derived from investing its reserves in US Treasuries, gold, and other securities.
Next news:Nillion will launch its mainnet in February next year.
Next news:

According to Wu, monitoring by @EmberCN has revealed that the quarterly Chainlink unlock occurred 3 hours ago: 11.25 million LINK (258.14 million USD) was unlocked and transferred from three non-circulating supply addresses of Chainlink. Among this, 10.63 million LINK (243.82 million USD) was transferred to Binance, and 625 thousand LINK (14.32 million USD) was sent to the 0xD50...8Af multi-signature address.

Next news:Cryptocurrency companies Kraken, Ripple, and Ondo have pledged to donate to Trump's inauguration committee to support the incoming president. Kraken has donated $1 million for the inauguration ceremony of Trump and vice president-elect JD Vance on January 20.
Next news:

The Block Research data shows that the trading volume of decentralized exchanges (DEX) will exceed $300 billion in November 2024, surpassing the historical high of $260 billion set in May 2021. The proportion of DEX in the overall cryptocurrency trading volume has risen from 9.3% at the beginning of 2024 to 11%. Additionally, at the Emergence conference, Bitget CEO Gracy Chen revealed that Bitget is considering entering the U.S. market through a joint venture. Deribit CEO Luuk Strijers expressed skepticism about the sustainability of many platforms, believing that under regulatory pressure, a large number of platforms will exit the market due to high operational costs or being shut down by regulators. (TheBlock)

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.