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SoSo Daily Dec 31 | Vitalik donated 50 ETH to Alexey Pertsev through Juice Box.

SoSo Newsletter
3KWords
Dec 31, 2024


Crypto Market Overview


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


As of 5:59 PM on December 31, 2024, according to sosovalue, the total market cap of the crypto market stands at 3.41 trillion US dollars, witnessing an increase of 0.0548% compared to yesterday; the total trading volume is 168.15 billion US dollars, marking a rise of 7.84% from the previous day.




According to sosovalue, the price of $BTC is 94,150 USD, an increase of 0.338% from yesterday. The market cap of $BTC is 1.86 trillion USD, accounting for 54.7% of the total market cap; $BTC's 24-hour trading volume is 56.17 billion USD, making up 33.4% of the total trading volume.
The price of $ETH is 3,366 USD, down 0.745% from yesterday; the market cap of $ETH is 405.51 billion USD, representing 11.9% of the total market cap; $ETH's 24-hour trading volume is 24.79 billion USD, comprising 14.7% of the total trading volume.
The combined market capitalization of $BTC and $ETH accounts for 66.6% of the total cryptocurrency market cap, and their combined trading volumes constitute 48.1% 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 17:50, according to sosovalue, the top five gainers are:
Top 1 gainer is Alchemist AI (ALCH). As of 17:50 today, its market cap is 101.92M, with a coin price of 0.11990 USD, witnessing a 24-hour increase of 69.4%.
The second is ai16zeliza (ELIZA). As of 17:50 today, its coin price is 0.0086600 USD, with a 24-hour increase of 63.4%.
The third is Saros (SAROS). As of 17:50 today, its coin price is 0.015320 USD, showing a 24-hour increase of 50.9%.
In fourth place is Paysenger EGO (EGO). As of 17:50 today, its coin price is 0.020340 USD, with a 24-hour rise of 47%.
In fifth place is Dolos The Bully (BULLY). As of 17:50 today, its coin price is 0.068672 USD, increasing by 44.4% 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, AI sector is worth mentioning.
AI sector has risen 5.46% relative to the UTC 0 time, led by gains in ALCH (68.2%), GAME (45.8%), and FLAVIA (41.8%).

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

According to Foresight News, Vitalik donated 50 $ETH to support Alexey Pertsev through Juice Box, as reported by on-chain information. In May of this year, Alexey Pertsev, co-founder of Tornado Cash, was sentenced to 64 months in prison by a Dutch court for money laundering. Alexey Pertsev has filed an appeal.


Next news:Montenegro has extradited Do Kwon, the co-founder of Terraform Labs, to the United States. Do Kwon faces criminal charges in the U.S. related to the collapse of TerraUSD and Luna associated with Terraform Labs, including securities fraud, money laundering, and electronic fraud. The extradition was carried out following a decision by the Montenegrin Ministry of Justice, after months of legal proceedings and competing extradition requests from South Korea. Do Kwon was arrested in Montenegro in March 2023 after being detained for possessing forged travel documents.
Next news:

According to TechFlow news on December 31, based on HTX market data, Bitcoin has rebounded, breaking through $94,000, currently priced at $94,177.38, with a 24-hour increase of 2.21%.



Next news:BTC breaks through $93,000, daily increase of 0.97%. According to a report from PANews on December 31, OKX market data shows that $BTC has just surpassed $93,000, with the current trading price at $93,011.70 and a daily increase of 0.97%.
Next news:Elon Musk has changed the name and avatar of X to Kekius Maximus.
Next news:

According to Foresight News, several industry observers interviewed by CNBC have predicted the price of Bitcoin in 2025, with the highest expectation being that Bitcoin could rise to 250 thousand dollars. James Butterfill, the research director at CoinShares, stated that the price of Bitcoin in 2025 could be between 80 thousand and 150 thousand dollars. Matrixport indicated that Bitcoin could reach 160 thousand dollars by 2025. Alex Thorn, the research director at Galaxy Digital, expects Bitcoin to break through 150 thousand dollars in the first half of this year and reach 185 thousand dollars in the fourth quarter. The research director at Standard Chartered Bank predicts that Bitcoin will reach 200 thousand dollars by the end of 2025. Carol Alexander, a finance professor at the University of Sussex, believes that the price of Bitcoin could reach 200 thousand dollars next year. Youwei Yang, the chief economist at Bit Mining, expects the price of Bitcoin to be between 180 thousand and 190 thousand dollars in 2025. Sid Powell, CEO and co-founder of Maple Finance, predicts that Bitcoin's price will reach between 180 thousand and 200 thousand dollars by the end of 2025. Elitsa Taskova, chief product officer at Nexo, believes Bitcoin will reach 250 thousand dollars within a year.


Next news:Wu learned that Binance Labs announced an investment in THENA, which is a decentralized exchange (DEX) and liquidity protocol based on the BNB Chain. The specific amount of the investment has not been disclosed.
Next news:

Nate Geraci, CEO of ETF Store, emphasized that Crypto asset-related ETFs lead in capital inflows in 2024, with the largest 8 funds launched this year all belonging to this sector.


This list includes four spot $BTC ETFs, two Ethereum ETFs, and two MicroStrategy ETFs.


Over the past 12 months, these 8 funds have outperformed all approximately 740 ETFs.


BlackRock's spot $BTC ETF IBIT recorded over 37 billion USD in positive net inflow in less than a year, ranking first.


IBIT also became the best-performing ETF ever launched, accumulating nearly 53 billion USD in assets under management (AUM) within 11 months.


Fidelity's spot $BTC ETF FBTC ranked second with a total of 12.20 billion USD in inflows, while BlackRock's spot Ethereum ETF ETHA ranked third with 3.50 billion USD in positive net inflows.


This highlights the disparity in flows between $BTC and Ethereum ETFs, as the largest Ethereum ETF's inflows are 11 times lower than those of the largest $BTC fund.


The other two $BTC ETFs on the list are ARK 21shares's ARKB and Bitwise's BITB, which recorded inflows of 2.60 billion USD and 2.20 billion USD, respectively.


The first ETF related to MicroStrategy (YieldMax's MSTY) recorded the eighth largest net inflow of nearly 1.80 billion USD, followed closely by the second Ethereum ETF on the list (Fidelity's FETH) with slightly over 1.50 billion USD in net inflows.


Defiance's MSTX ranked in the top eight with 1.40 billion USD in inflows, becoming the second ETF related to MicroStrategy.


Analysts are optimistic about the prospects of US Crypto ETFs.


According to Bitwise estimates, $BTC ETFs alone are expected to attract 35 billion USD in inflows next year, exceeding 70 billion USD in total within less than two years.


Meanwhile, Bloomberg ETF analysts Eric Balchunas and James Seyffart anticipate a wave of new Crypto asset-related ETFs next year.


Additionally, Geraci recently predicted that the regulatory environment will become more favorable for the industry in the coming months, making it possible for a Solana (SOL) ETF to be approved by 2025.


According to data from Farside Investors, from November 6 to December 27, spot $BTC ETFs traded in the US recorded 12.10 billion USD in inflows, accounting for 34% of their capital flow this year to date.


This had an even more significant impact on spot Ethereum ETFs, which recorded 3.20 billion USD in inflows during the same period. These funds were enough to reverse a negative net flow of over 500 million USD for these funds, currently totaling nearly 2.70 billion USD.


Next news:Grayscale transferred a large amount of cryptocurrency in a short period, including 1,370.63 $BTC (approximately $130 million) and 194.056 $ETH (approximately $660 thousand). These transfers were sent to two unmarked addresses and a Coinbase Prime address.
Next news:According to reports, Bio Protocol has announced that Sean Wren has joined the team as the head of AI development. He will assist BioDAO in leveraging agent technology during the scientific research process, including roles such as laboratory assistants, project managers, community hosts, paper reviewers, and equipment funders. The team plans to integrate various AI technologies, focusing on maximizing integration using the elizaOS framework, and will pay attention to decentralized knowledge graph projects like PrimeIntellect and SciGraph. Sean has an engineering background with MakerDAO, having participated in the transition from SAI to DAI, and founded Agent Protocol.

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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