SoSo Daily Dec 26 | South Korea Imposes Sanctions on North Korean Cryptocurrency Hackers and IT Personnel

According to sosovalue, the price of $BTC is 95,801 USD, a decrease of 2.77% from yesterday. The market cap of $BTC is 1.90 trillion USD, accounting for 54.7% of the total market cap; $BTC's 24-hour trading volume is 43.81 billion USD, making up 28.2% of the total trading volume.
The price of $ETH is 3,326.5 USD, down 4.11% from yesterday; the market cap of $ETH is 400.72 billion USD, representing 11.6% of the total market cap; $ETH's 24-hour trading volume is 19.71 billion USD, comprising 12.7% 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 40.9% 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 WazirX. As of 17:50 today, its market cap is 18.99M, with a coin price of 0.041600 USD, witnessing a 24-hour increase of 55.8%.
The second is ISLAND. As of 17:50 today, its coin price is 0.17460 USD, with a 24-hour increase of 47.6%.
The third is REVOX. As of 17:50 today, its coin price is 0.027470 USD, showing a 24-hour increase of 44.4%.
In fourth place is DOSE. As of 17:50 today, its coin price is 0.0012730 USD, with a 24-hour rise of 32.5%.
In fifth place is Bitget Token. As of 17:50 today, its coin price is 7.3600 USD, increasing by 29.2% over the last 24 hours.




Let's go through the Crypto news worth paying attention today according to sosovalue:
The first is:The South Korean government has announced sanctions against 15 individuals and one entity, all of whom are from North Korea and involved in illicit cyber activities, including cryptocurrency theft. These individuals belong to the 313 Bureau under the Mechanical Industry Department of the Workers' Party of Korea, which has been under United Nations Security Council sanctions since 2016 and is responsible for North Korea's arms production, including its ballistic missile program. The South Korean Ministry of Foreign Affairs stated that North Korean IT personnel are sent to China, Russia, Southeast Asia, and Africa, disguising their identities to obtain work orders from global IT companies and engage in information theft and cyberattacks. The sanctions list includes an individual named Kim Jeol-min, who infiltrated IT companies in the United States and Canada, transferring significant amounts of foreign currency to Pyongyang. South Korea has also imposed sanctions on an entity that dispatches North Korean IT personnel and sends remittances to fund the North Korean regime and military. North Korean hackers are believed to be behind some of the largest cryptocurrency thefts. Last week, the U.S. Treasury Department sanctioned two individuals and one entity for laundering money for North Korea through a shell company in the UAE. According to blockchain analysis firm Chainalysis, North Korean hackers have stolen cryptocurrency worth $1.34 billion in 47 incidents, accounting for 61% of the total stolen amount for the year.
Next news:BTC price falls below $97,000

Background: According to a report by PANews, OKX market data shows that the price of $BTC fell below $97,000 on December 26.

Main Event: The current trading price of $BTC is $96,966.60, down 1.59% for the day.

Impact: This price change may affect investors' market sentiment and trading strategies.
Next news:U.S. publicly traded company KULR purchased 217 Bitcoins for a price of 21 million dollars, with an average price of 96,556 dollars.
Next news:

According to Foresight News, the Solana ecosystem liquidity platform Meteora posted on X, warning that donations to Mira should be cautious of malicious actors posting scam links. It is reported that the meme coin MIRA once had a market value exceeding 75 million USD, with significant market volatility. The largest holder of the token, @blader, stated that all proceeds will be directly used for rare disease research at the Hankinson Laboratory. Previously, ai16z founder Shaw announced a donation of 100,000 degenai to brain tumor patient Mira.

According to Foresight News, the Solana ecosystem liquidity platform Meteora posted on X, warning that donations to Mira should be cautious of malicious actors posting scam links. It is reported that the meme coin MIRA once had a market value exceeding 75 million USD, with significant market volatility. The largest holder of the token, @blader, stated that all proceeds will be directly used for rare disease research at the Hankinson Laboratory. Previously, ai16z founder Shaw announced a donation of 100,000 degenai to brain tumor patient Mira.

Next news:

According to Wu's report, mempool monitoring shows that the address ranked 30th on the Bitcoin rich list (starting with 3DR2iG) transferred 11,999 $BTC (approximately 1.19 billion USD) to an address starting with 31wXuL at 12:08 today (UTC+8). Currently, this address still holds 15,357 $BTC (approximately 1.51 billion USD).

Next news:The U.S. Congress will attempt to pass cryptocurrency legislation again in 2025, with the expectation that the new Congress will be the most supportive of cryptocurrencies. The House Financial Services Committee will be led by French Hill, who has been involved in several crypto-related bills, including the Stablecoin and Market Structure Act, FIT21. Although the stablecoin bill made progress in the Republican-led committee, it failed to gain broad support. In the Senate, Senator Bill Hagerty proposed a similar stablecoin regulatory framework draft. Despite the many challenges facing cryptocurrency legislation, with support from the Trump administration, lawmakers may reintroduce these bills in the new year.
Next news:Data: BGB's 24-hour trading volume ranks first among all CEX platforms, and its market capitalization has risen to 19th place.
Next news:ChainOpera AI successfully raised $17 million in seed funding to develop a blockchain L1 and AI operating system for decentralized AI agents and applications. The funding round was led by Finality Capital, Road Capital, and IDG Capital, with participation from various notable investors. The company aims to create a decentralized AI ecosystem focusing on AI creation, data sovereignty, and inclusive collaboration. ChainOpera's platform features unique tokenomics, a go-to-market strategy leveraging network effects, and a legal governance structure bridging Web2 and Web3 technologies. The company plans to release its flagship platform and mobile app soon, with a team of over 40 members across multiple global locations.
Next news:Bitcoin falls below 98,000 USDT
Next news:According to Wu, the administrator of the Khao Kheow Zoo's MOODENG in Thailand tweeted that Ethereum founder Vitalik donated 10 million Thai Baht (equivalent to 2.13 million RMB, 292.23 thousand USD) to the zoo and has adopted MOODENG and his family for two years.

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.