SoSo Daily Dec 31 | MicroStrategy has increased its Bitcoin holdings for the eighth consecutive week, adding 2,138 coins.

According to sosovalue, the price of $BTC is 92,838 USD, a decrease of 1.06% from yesterday. The market cap of $BTC is 1.84 trillion USD, accounting for 54.3% of the total market cap; $BTC's 24-hour trading volume is 58.55 billion USD, making up 33.3% of the total trading volume.
The price of $ETH is 3,362.5 USD, up 0.0134% from yesterday; the market cap of $ETH is 405.08 billion USD, representing 12% of the total market cap; $ETH's 24-hour trading volume is 27.73 billion USD, comprising 15.8% 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 49.1% 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 Eliza. As of 23:50 today, its market cap is 133.65M, with a coin price of 0.13365 USD, witnessing a 24-hour increase of 68.3%.
The second is Saros. As of 23:50 today, its coin price is 0.015134 USD, with a 24-hour increase of 49%.
The third is ai16z. As of 23:50 today, its coin price is 1.7220 USD, showing a 24-hour increase of 42.1%.
In fourth place is zerebro. As of 23:50 today, its coin price is 0.55670 USD, with a 24-hour rise of 40.8%.
In fifth place is Degen Spartan AI. As of 23:50 today, its coin price is 0.082235 USD, increasing by 36.5% 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, 4 are up and 12 are down. Notably, AI, NFT, and RWA sectors are worth mentioning.
AI sector has risen 2.09% relative to the UTC 0 time, led by gains in ai16z (41.8%), degenai (39.3%), and ZEREBRO (37.7%).
NFT sector has decreased -2.37% relative to UTC 0, with xpnet (-10.7%), MOCA (-9.42%), and coval (-7.84%) leading the drop.
RWA sector has fallen -3.25%, with MGT (-10.9%), LMR (-10.6%), and cpool (-8.22%) leading the decline.

Let's go through the Crypto news worth paying attention today according to sosovalue:
The first is:MicroStrategy has purchased an additional 2,138 bitcoins, marking the eighth consecutive week of increasing its cryptocurrency holdings. This move is part of the company's ongoing strategy to accumulate bitcoin as a key asset. The acquisition reflects MicroStrategy's continued confidence in bitcoin's potential as a store of value.
Next news:Tether, the issuer of the largest fiat-backed stablecoin, transferred 7,629 $BTC (worth approximately $700 million) to its bitcoin reserve address from Bitfinex's hot wallet. This is the largest transaction to Tether's strategic bitcoin reserve since March 2024. Tether began allocating up to 15% of its profits into bitcoin in May 2023, now holding over $7.6 billion in BTC. The company aims to diversify its holdings, primarily backed by U.S. Treasury bonds, by investing in sectors like AI and bitcoin mining. The recent transaction is not yet reflected on Tether's transparency page.
Next news:According to Wu, Binance Alpha has announced the 9th batch of project tokens, which include: COCO, vvaifu, MIRA, SKI, ALCH.
Next news:

According to Foresight News, the cryptocurrency payment platform MoonPay has announced that it has obtained the MiCA license issued by the Netherlands Authority for the Financial Markets. With the approval of MiCA, it can continue to provide fiat deposit and withdrawal services in Europe. The payment company stated that its operations span over 180 countries and support more than 100 digital assets.

According to Foresight News, the cryptocurrency payment platform MoonPay has announced that it has obtained the MiCA license issued by the Netherlands Authority for the Financial Markets. With the approval of MiCA, it can continue to provide fiat deposit and withdrawal services in Europe. The payment company stated that its operations span over 180 countries and support more than 100 digital assets.

Next news:

According to Foresight News, the artificial intelligence company Genius Group (stock code: GNS) has announced an additional increase of $10 million in its Bitcoin reserves, bringing the total to 319.4 Bitcoins, valued at $30 million, with an average price of $93,919 per Bitcoin. The company announced its "Bitcoin First" strategy on November 12, committing to hold 90% or more of its existing and future reserves in the form of Bitcoin, with an initial target of $120 million. In the six weeks following this announcement, the company purchased $30 million worth of Bitcoin.

According to Foresight News, the artificial intelligence company Genius Group (stock code: GNS) has announced an additional increase of $10 million in its Bitcoin reserves, bringing the total to 319.4 Bitcoins, valued at $30 million, with an average price of $93,919 per Bitcoin. The company announced its "Bitcoin First" strategy on November 12, committing to hold 90% or more of its existing and future reserves in the form of Bitcoin, with an initial target of $120 million. In the six weeks following this announcement, the company purchased $30 million worth of Bitcoin.

Next news:Bitcoin breaks through 94,000 USDT
Next news:QCP: Yesterday Saylor posted his $BTC purchase tracker again which could signal another round of imminent purchases, supporting prices further. We could expect spot to remain in this range in the near-term before things start to pick from Feb onwards. Options flows are also reflecting similar sentiments.
Next news:Bitcoin has fallen below 93,000 USDT.
Next news:

According to Foresight News and reported by Cointelegraph, the Vietnamese police successfully cracked down on a cryptocurrency scam worth 1.17 million USD, protecting 300 potential victims. The scam was orchestrated by "Million Smiles" company and involved a fraudulent token called QFS (Quantum Financial System), which defrauded approximately 30 billion Vietnamese dong (1.17 million USD) from around 100 businesses and 400 individuals. The company falsely claimed that QFS was related to ancestral treasures and spiritual beliefs, promised unrealistic high returns, and asserted that holding QFS could provide financing without collateral or interest. Police raided the headquarters of "Million Smiles" company and confiscated relevant documents and equipment, discovering that the QFS token was not legitimate.

According to Foresight News and reported by Cointelegraph, the Vietnamese police successfully cracked down on a cryptocurrency scam worth 1.17 million USD, protecting 300 potential victims. The scam was orchestrated by "Million Smiles" company and involved a fraudulent token called QFS (Quantum Financial System), which defrauded approximately 30 billion Vietnamese dong (1.17 million USD) from around 100 businesses and 400 individuals. The company falsely claimed that QFS was related to ancestral treasures and spiritual beliefs, promised unrealistic high returns, and asserted that holding QFS could provide financing without collateral or interest. Police raided the headquarters of "Million Smiles" company and confiscated relevant documents and equipment, discovering that the QFS token was not legitimate.

Next news:The European Union's Markets in Crypto-Assets (MiCA) regulation has come into full effect, significantly impacting the way cryptocurrencies are regulated in the region. However, Tether's USDT, the world's largest stablecoin, has yet to obtain MiCA compliance certification, leaving its future in the EU single market uncertain. According to data from CoinGecko, USDT's global market cap has decreased from 141 billion to 138 billion over the past ten days. MiCA imposes strict regulatory requirements on stablecoin issuers, including reserve and liquidity provisions. Agne Linge, Head of Growth at WeFi, pointed out that meeting these requirements may be economically challenging for large stablecoin issuers like Tether. Nonetheless, Linge believes that Tether's market capitalization and global adoption rate make it unlikely to face direct financial consequences from a potential exit from the EU. As regulatory uncertainty continues, some European exchanges have taken precautionary measures, such as Coinbase Europe removing USDT and five other stablecoins earlier this month. In contrast, major exchanges like Binance and Crypto.com continue to support USDT in Europe, stating they will closely monitor the implementation of MiCA before making significant changes. The full implementation of MiCA will reshape the cryptocurrency landscape in the EU, having profound effects on various companies. Uldis Teraudkalns, Chief Revenue Officer of Paybis, noted that MiCA may push both small and large companies outside the EU due to significantly increased compliance costs and investment requirements. Despite these challenges, Teraudkalns emphasized that entering the EU single market remains an important advantage.

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.