SoSo Daily Jan 12 | Polymarket has been blocked in Singapore.
Let's turn our attention to today's overall Crypto market situation.
As of 11:59 AM on January 12, 2025, according to sosovalue, the total market cap of the crypto market stands at 3.44 trillion US dollars, witnessing a decrease of 1.49% compared to yesterday; the total trading volume is 76.34 billion US dollars, marking a decline of 46.4% from the previous day.
According to sosovalue, the price of $BTC is 94,261 USD, a decrease of 0.386% from yesterday. The market cap of $BTC is 1.87 trillion USD, accounting for 54.3% of the total market cap; $BTC's 24-hour trading volume is 14.42 billion USD, making up 18.9% of the total trading volume.
The price of $ETH is 3,253.4 USD, down 0.623% from yesterday; the market cap of $ETH is 392.00 billion USD, representing 11.4% of the total market cap; $ETH's 24-hour trading volume is 9.96 billion USD, comprising 13.1% of the total trading volume.
The combined market capitalization of $BTC and $ETH accounts for 65.7% of the total cryptocurrency market cap, and their combined trading volumes constitute 32.0% 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 Prom. As of 11:50 today, its market cap is 137.37M, with a coin price of 7.5270 USD, witnessing a 24-hour increase of 37.4%.
The second is sci-hub. As of 11:50 today, its coin price is 0.014800 USD, with a 24-hour increase of 32.5%.
The third is Cross The Ages. As of 11:50 today, its coin price is 0.025250 USD, showing a 24-hour increase of 31.2%.
In fourth place is Mirror Protocol. As of 11:50 today, its coin price is 0.033800 USD, with a 24-hour rise of 27.1%.
In fifth place is Lifeform. As of 11:50 today, its coin price is 0.050570 USD, increasing by 23.3% 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, 1 is up and 15 are down. Notably, PayFi sector is worth mentioning.
PayFi sector has risen 2.56% relative to the UTC 0 time, led by gains in kasta (10.4%), tpt (4.04%), and xrp (3.12%).
Let's go through the Crypto news worth paying attention today according to sosovalue:
The first is:
According to @alexzuo4, the prediction site Polymarket was blocked upon its launch in Singapore, displaying: You are attempting to access an illegal gambling site hosted by an unlicensed gambling service provider. The licensed gambling operator in Singapore is the only authorized online gambling operator, and those found gambling with unlicensed gambling service providers will be subject to a fine of up to 10,000 SGD or a maximum of 6 months imprisonment.
Next news:
According to Foresight News and reported by The Block, Aiccelerate DAO, which aims to accelerate the integration of cryptocurrency and artificial intelligence (AI), distributed 100% of its project tokens to 245 advisors and insiders after launching the AICC token. This group includes the founder of Eliza Labs, the co-founder of the crypto media organization Bankless, and Coinbase Ventures, among others. Notably, Bankless Ventures sold the tokens shortly after the launch. In response, Bankless co-founder David Hoffman stated: "(I) agree that Bankless Ventures should not have sold the tokens - it was an impulsive mistake. We have repurchased all the sold tokens, restoring the total amount, and are discussing a self-imposed vesting schedule."
According to Foresight News and reported by The Block, Aiccelerate DAO, which aims to accelerate the integration of cryptocurrency and artificial intelligence (AI), distributed 100% of its project tokens to 245 advisors and insiders after launching the AICC token. This group includes the founder of Eliza Labs, the co-founder of the crypto media organization Bankless, and Coinbase Ventures, among others. Notably, Bankless Ventures sold the tokens shortly after the launch. In response, Bankless co-founder David Hoffman stated: "(I) agree that Bankless Ventures should not have sold the tokens - it was an impulsive mistake. We have repurchased all the sold tokens, restoring the total amount, and are discussing a self-imposed vesting schedule."
Next news:According to Foresight News, New York Attorney General Letitia James has taken legal action to recover over $2 million in cryptocurrency that was fraudulently obtained. The scammers promised remote job opportunities to lure these victims into purchasing cryptocurrency. In a recent statement, James said, "Scammers sent text messages to New York residents, promising them high-paying, flexible jobs, only to deceive them into buying cryptocurrency and then steal from them." With the assistance of the U.S. Secret Service, James stated that the stolen cryptocurrency has been frozen and urged people to be vigilant against text messages from unknown senders, especially suspicious texts claiming to offer jobs or other opportunities.
Next news:An insider spent 4.92 SOL to purchase 25.85 million AIOS, with a floating profit exceeding 3.05 million USD. According to Onchain Lens monitoring, this insider has not sold any tokens, with a current value exceeding 3.05 million USD.
Next news:
Odaily Planet Daily reported that Travis Hill, the acting chairman of the Federal Deposit Insurance Corporation (FDIC), recently acknowledged in a speech that the agency has engaged in "de-banking" practices against cryptocurrency companies. He pointed out that certain crypto-related businesses have lost their banking services without any explanation, calling this practice "unacceptable." Travis Hill further stated, "The long-term goal of the FDIC is to reduce the number of unbanked individuals, and depriving law-abiding customers of their bank accounts is unacceptable." He emphasized that the FDIC must ensure that no staff members pressure banks to abandon law-abiding customers. Additionally, he criticized the FDIC's current stance on cryptocurrencies, believing that the agency is overly cautious and stifling innovation. It is reported that the FDIC's leadership transition is expected to begin on January 20. (CryptoSlate)
Next news:
According to Wu, FTX creditor Sunil has released a preliminary allocation timeline for the FTX repayment plan. Creditors with claims below $50,000 are expected to collectively receive about $1.20 billion in compensation. FTX requires creditors to complete pre-allocation requirements (claim registration) by January 20 to ensure participation in the preliminary allocation. The first repayment is expected to begin in February 2025.
Next news:ElizaOS has released version 0.1.8, integrating networks such as Hyperliquid and Lens.
Next news:Tianfeng Securities stated in a report that AI represents plan A for maintaining the dominance of the US dollar, while cryptocurrencies represent plan B to hedge against challenges to the dollar's status. However, whether it is Bitcoin or AI, energy is an indispensable core element. Therefore, the essence of currency is credit, the essence of credit is order, the essence of order is technological competition, and the essence of technological competition is energy efficiency. Over the past two years, gold has emerged as a beneficiary of de-dollarization and has become a favorite among investors. However, MAGA cannot tolerate any erosion of the dollar's monetary hegemony, so Trump needs an alternative to maintain the dollar's status. This alternative must be something that the US can control and exert influence over, and gold is likely already off the table, while cryptocurrencies represented by Bitcoin may still have a chance.
Next news:Wu learned that the video sharing platform and cloud service provider Rumble (NASDAQ:RUM) announced a cloud service agreement with the Salvadoran government. This collaboration includes key technical support such as cloud storage, computing services, databases, load balancers, and Kubernetes integration. Previously, Tether announced a $775 million investment in Rumble.
Next news:
According to Foresight News and reported by Bitcoin.com, the Central Bank of Russia has introduced regulations to manage foreign exchange operations involving digital rights. Under Russian law, digital rights include electronic records such as cryptocurrencies, tokenized securities, and digital tokens. These rights represent claims or obligations associated with assets or services. The new decree will take effect on January 11 and outlines the obligations of residents engaged in such transactions, aiming to clarify and strengthen oversight of the use of digital assets for trade and payment purposes. The regulation also requires foreign trade contracts involving substantial settlements of digital rights to be registered with authorized banks, including import contracts exceeding 3 million rubles and export contracts exceeding 10 million rubles. By defining these requirements, the Central Bank of Russia aims to integrate digital rights into the broader financial system while reducing the risks associated with their use.
According to Foresight News and reported by Bitcoin.com, the Central Bank of Russia has introduced regulations to manage foreign exchange operations involving digital rights. Under Russian law, digital rights include electronic records such as cryptocurrencies, tokenized securities, and digital tokens. These rights represent claims or obligations associated with assets or services. The new decree will take effect on January 11 and outlines the obligations of residents engaged in such transactions, aiming to clarify and strengthen oversight of the use of digital assets for trade and payment purposes. The regulation also requires foreign trade contracts involving substantial settlements of digital rights to be registered with authorized banks, including import contracts exceeding 3 million rubles and export contracts exceeding 10 million rubles. By defining these requirements, the Central Bank of Russia aims to integrate digital rights into the broader financial system while reducing the risks associated with their use.
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.