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SoSo Daily Dec 22 | Richard Heart, the founder of Hex, is wanted by Interpol on charges of tax evasion and assault.

$BTC
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SoSo Newsletter
3KWords
Dec 22, 2024


Crypto Market Overview


Let's turn our attention to today's overall Crypto market situation.


As of 11:59 AM on December 22, 2024, according to sosovalue, the total market cap of the crypto market stands at 3.50 trillion US dollars, witnessing a decrease of 3.19% compared to yesterday; the total trading volume is 190.22 billion US dollars, marking a decline of 36.9% from the previous day.




According to sosovalue, the price of $BTC is 97,083 USD, a decrease of 1.2% from yesterday. The market cap of $BTC is 1.92 trillion USD, accounting for 54.9% of the total market cap; $BTC's 24-hour trading volume is 46.54 billion USD, making up 24.5% of the total trading volume.
The price of $ETH is 3,381.1 USD, down 1.78% from yesterday; the market cap of $ETH is 407.26 billion USD, representing 11.6% of the total market cap; $ETH's 24-hour trading volume is 29.80 billion USD, comprising 15.7% of the total trading volume.
The combined market capitalization of $BTC and $ETH accounts for 66.5% of the total cryptocurrency market cap, and their combined trading volumes constitute 40.2% 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 Strips Finance (STRP). As of 11:50 today, its market cap is 66.63M, with a coin price of 2.2003 USD, witnessing a 24-hour increase of 302%.
The second is NexGami (NEXG). As of 11:50 today, its coin price is 0.00051460 USD, with a 24-hour increase of 112%.
The third is Shoggoth (SHOGGOTH). As of 11:50 today, its coin price is 0.052400 USD, showing a 24-hour increase of 95.5%.
In fourth place is Saros (SAROS). As of 11:50 today, its coin price is 0.013081 USD, with a 24-hour rise of 65.9%.
In fifth place is Numogram (GNON). As of 11:50 today, its coin price is 0.051565 USD, increasing by 43.8% 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, 0 are up and 16 are down. Notably, AI, GameFi, and NFT sectors are worth mentioning.
AI sector has fallen -5.77% relative to the UTC 0 time, led by declines in vxv (-20.5%), AIXBT (-18.1%), and GRIFFAIN (-17.6%).
GameFi sector has decreased -6.02% relative to UTC 0, with AVACN (-41.6%), ELIX (-15.6%), and GEEK (-13.5%) leading the drop.
NFT sector has fallen -6.42%, with sn (-39%), orb (-23.5%), and xmon (-14.6%) leading the decline.

Let's go through the Crypto news worth paying attention today according to sosovalue:
The first is:The International Criminal Police Organization (Interpol) has issued a "red notice" for Richard James Schueler, the founder of Hex and PulseChain, at the request of Finland. Finland accuses Schueler of involvement in fraud amounting to hundreds of millions of euros and an assault on a 16-year-old boy. Schueler is alleged to have failed to submit business tax returns for several years and did not fully disclose income information on his personal tax returns, resulting in tax evasion of hundreds of millions of euros. Additionally, he is accused of assaulting a 16-year-old boy in a separate incident. The U.S. Securities and Exchange Commission (SEC) has also filed a lawsuit against Schueler, accusing him of selling unregistered securities through his cryptocurrency projects. Schueler posted a mysterious message on social media that seems to respond to the news of the red notice.
Next news:

New York-based asset management company GraniteShares, with over 10 billion USD in AUM, has submitted an application for a 2x leveraged ETF for cryptocurrency companies listed on the US stock market. The components include crypto-related companies such as Riot Platforms, Marathon Digital, MicroStrategy, and Robinhood. These funds will simultaneously go long and short, with the long 2x ETF generating twice the daily returns of the corresponding stocks. (Crypto.news)


Next news:

According to Foresight News, Germany's DekaBank has obtained a cryptocurrency custody license issued by the country's regulatory body, BaFin, and the European Central Bank (ECB). Commerzbank was the first German bank to receive such a license last year, while other major banks have yet to obtain one. BaFin has issued an additional 11 cryptocurrency custody licenses, primarily aimed at cryptocurrency companies.


Next news:The price of $BTC has fallen below $97,000, with a daily decline of 0.02%. According to a report by PANews on December 21, OKX market data shows that $BTC has just dropped below $97,000, with the current trading price at $96,973.20, reflecting a daily decrease of 0.02%.
Next news:Microstrategy has appointed three new members to its board of directors: Brian Brooks, Jane Dietze, and Gregg Winiarski, increasing the board's total to nine members. This move comes ahead of Microstrategy's addition to the Nasdaq 100 index. Each new board member will receive an equity package valued at $2 million. Brian Brooks, known for his roles at Binance.US and Coinbase, brings significant experience in digital assets. Jane Dietze, the chief investment officer at Brown University, and Gregg Winiarski, chief legal officer at Fanatics, also join the board. This expansion coincides with Microstrategy's recent acquisition of $1.5 billion in bitcoin, bringing its total holdings to 439,000 BTC.
Next news:

Odaily Planet Daily reported that on-chain analyst Yu Jin monitored that Arthur Hayes marked an address to stake 9.02 million ENA, and then deposited 7 million ENA into Binance, worth 8.47 million USD. Previously, Arthur Hayes posted expressing support for Ethena, stating, "If a DeFi protocol has not yet integrated USDe or sUSDe, then you should exit."


Next news:According to reports from @EmberCN, in October, 21 addresses spent 32.45 million USD in USDC at an average price of 3.64 USD to purchase 8.92 million EIGEN tokens. Since last night, they have started to gradually redeem EIGEN and sell it on-chain. Since 7 PM last night, four addresses have redeemed 1,270,507 EIGEN (5.02 million USD) from the EigenLayer staking contract and are currently selling it on-chain for $ETH or USDC. A few days ago, when EIGEN peaked at 5.6 USD, these 8.92 million EIGEN tokens had an unrealized profit of 17.65 million USD; however, it has now fallen back near the cost line.
Next news:Wormhole DAO will launch in the first quarter of 2025.
Next news:
Currently, at least 10 companies are either adopting or considering MicroStrategy's Bitcoin strategy, including: artificial intelligence company Genius Group, pick-and-shovel solution provider Worksport, Amazon, MicroStrategy, MARA Holdings, Tesla, Coinbase, Hut 8 Mining Corp, Block Inc., and OneMedNet. (Crypto news)


Next news:

According to Foresight News, on-chain analyst @ai_9684xtpa monitored that "smart money profiting $4.92 million through PEPE trading in the past six months" has once again increased its position by 47.53 billion PEPE, worth $820,000, with an average price of $0.00001724. Currently, it has an unrealized gain of $142,000. Since December, four other whales heavily invested in PEPE include: a whale that made a profit of $6.24 million by buying low and selling high, who re-entered the market on December 21 with 250 billion PEPE at a cost of $0.00001697; address 0x53A...63F4A, which first established a position on December 16 with 230.10 billion PEPE at a cost of $0.00002455; a whale with an 85% win rate in $ETH trading that entered the market on December 15 with 788.20 billion PEPE at an average price of $0.00002394. A whale with a 100% win rate in PEPE trading has additionally increased its position by $3.68 million in PEPE, with a current holding of 1.13 trillion PEPE at an average cost of $0.00001647.



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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