SoSo Daily Dec 25 | Russian Finance Minister: Russia is using Bitcoin in foreign trade.

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 BarnBridge (BOND). As of 17:50 today, its market cap is 6.81M, with a coin price of 0.69980 USD, witnessing a 24-hour increase of 95.5%.
The second is Shoggoth (SHOGGOTH). As of 17:50 today, its coin price is 0.059000 USD, with a 24-hour increase of 54.5%.
The third is SelfKey (KEY). As of 17:50 today, its coin price is 0.0013000 USD, showing a 24-hour increase of 44.1%.
In fourth place is L7DEX (LSD7). As of 17:50 today, its coin price is 0.0013590 USD, with a 24-hour rise of 38.4%.
In fifth place is Stargate Finance (STG). As of 17:50 today, its coin price is 0.44240 USD, increasing by 35.3% 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, 5 are up and 11 are down. Notably, RWA, PayFi, and DePIN sectors are worth mentioning.
RWA sector has fallen by 2.05% relative to the UTC 0 time, led by declines in MGT (-8.96%), ondo (-5.78%), and ctc (-4.99%).
PayFi sector has decreased by 2.56% relative to UTC 0, with nim (-10.5%), kasta (-8.54%), and xlm (-6.55%) leading the drop.
DePIN sector has fallen by 3.21%, with EARNM (-11%), GRASS (-7.26%), and stos (-7.13%) leading the decline.

Let's go through the Crypto news worth paying attention today according to sosovalue:
The first is:Russian Finance Minister: Russia is using Bitcoin in foreign trade.
Next news:

Turkey launched new cryptocurrency regulatory regulations in the last week of 2024. According to official documents, the new rules require users conducting transactions exceeding 15,000 Turkish Lira (approximately 425 USD) to provide their identity information to cryptocurrency service providers in the country. This new anti-money laundering (AML) regulation aims to prevent money laundering and the financing of terrorism through cryptocurrency transactions. The regulation will take effect on February 25, 2025. (Cointelegraph)

Next news:The U.S. spot Bitcoin ETFs have experienced net outflows for four consecutive days, totaling $340 million. According to SoSoValue data, 12 ETFs saw a total outflow of $1.52 billion over the past four days. Previously, these funds had achieved net inflows for 15 consecutive days, attracting over $6.70 billion. BlackRock's IBIT, Fidelity's FBTC, and Ark with 21Shares' ARKB saw net outflows of $188.70 million, $83 million, and $75 million, respectively. Bitwise's BITB was the only fund to achieve net inflows, increasing by $8.50 million. Meanwhile, the spot Ethereum ETF realized a net inflow of $53.50 million on Tuesday.
Next news:Israel will launch six Bitcoin mutual funds next week. These funds will be introduced in Tel Aviv, marking an important development for Israel in the cryptocurrency investment sector.
Next news:Floki is preparing to launch a European Exchange-Traded Product (ETP) as the Decentralized Autonomous Organization (DAO) proposes to provide early liquidity. This move is part of Floki's strategy to expand its presence in the European market and enhance its financial offerings.
Next news:

According to Foresight News, as reported by The Daily Hodl, Robinhood CEO Vlad Tenev predicted in a recent interview with investor Anthony Pompliano that stocks and other traditional financial (TradFi) assets will eventually be transferred on-chain like cryptocurrencies. The elected President of the United States, Donald Trump, and his administration will formulate policies to accelerate the transfer of stocks, private companies, and real-world assets (RWA) to on-chain through tokenization.

Next news:

According to Wu, AI superchain Swan Chain (formerly known as FilSwan) has announced the completion of a $2 million financing round, with participation from DWF Labs, Optimism Foundation, and Promontory, among others. Swan Chain is an AI DePIN infrastructure project built on the OP Stack, and it has previously received investments from institutions including Binance Labs and Protocol Labs.

Next news:According to Wu, Scam Sniffer has issued a security alert after users reported being redirected to a fake Pudgy Penguins website when visiting a news portal in Singapore. Investigations show that this is part of a larger malicious advertising campaign. The mechanics of the attack are as follows: malicious ads are served through the Google ad network, ads load suspicious code from Adloox, the code checks if you have a web3 wallet, and if detected, redirects you to a fake site named pudqypenguin. Currently, the attack is only targeting Pudgy Penguins users, but this method could easily be applied to other projects, so please be sure to check URLs carefully. How users can protect themselves: enable ad blockers, use a separate browser for crypto, and carefully check URLs before connecting wallets.
Next news:In 2024, cryptocurrency-related stocks in the United States experienced significant volatility. MicroStrategy and Core Scientific emerged as the best-performing companies, with increases of 402% and 307%, respectively. MicroStrategy continued to increase its Bitcoin holdings, while Core Scientific signed a long-term contract with AI company CoreWeave. Other well-performing companies included Terawulf, Hut 8, and Bitdeer Technologies. Meanwhile, companies such as Canaan, CleanSpark, and MARA Holdings underperformed, with stock prices dropping by 5%, 6%, and 16%, respectively. Overall, 2024 is a pivotal year for the cryptocurrency market and related stocks, influenced by the launch of Bitcoin ETFs, the Bitcoin halving, and Donald Trump's election as president.
Next news:A whale deposited 2,000 $ETH to Binance 50 minutes ago and currently holds 37,688 ETH. Additionally, the whale established a $LINK position worth 15.50 million dollars at an average price of $29.24 between December 14 and 17, making it its second largest position asset, but currently has an unrealized loss of over 2.44 million dollars.

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.