SoSo Daily Jan 13 | The DEX Mango Markets on Solana has announced that it will cease operations on Monday.

Let's turn our attention to today's overall Crypto market situation.
As of 11:59 PM 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 2.23% compared to yesterday; the total trading volume is 74.24 billion US dollars, marking a decline of 8.06% from the previous day.

According to sosovalue, the price of $BTC is 94,492 USD, a decrease of 0.114% from yesterday. The market cap of $BTC is 1.87 trillion USD, accounting for 54.4% of the total market cap; $BTC's 24-hour trading volume is 19.40 billion USD, making up 26.1% of the total trading volume.
The price of $ETH is 3,265.3 USD, down 0.534% from yesterday; the market cap of $ETH is 393.44 billion USD, representing 11.4% of the total market cap; $ETH's 24-hour trading volume is 10.62 billion USD, comprising 14.3% of the total trading volume.
The combined market capitalization of $BTC and $ETH accounts for 65.8% of the total cryptocurrency market cap, and their combined trading volumes constitute 40.4% 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 Raft. As of 23:50 today, its market cap is 748.48K, with a coin price of 0.00062620 USD, witnessing a 24-hour increase of 115%.
The second is Lifeform. As of 23:50 today, its coin price is 0.057160 USD, with a 24-hour increase of 59%.
The third is Prom. As of 23:50 today, its coin price is 6.9470 USD, showing a 24-hour increase of 27.2%.
In fourth place is Cross The Ages. As of 23:50 today, its coin price is 0.029030 USD, with a 24-hour rise of 22.3%.
In fifth place is LUCE. As of 23:50 today, its coin price is 0.030100 USD, increasing by 19.4% 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, 0 are up and 16 are down. Notably, PayFi, RWA, and AI sectors are worth mentioning.
PayFi sector has fallen -2.68% relative to the UTC 0 time, led by declines in ecox (-8.21%), RUBY (-7.52%), and cirus (-6.61%).
RWA sector has decreased -2.98% relative to UTC 0, with smt (-13.7%), nxra (-11.5%), and Usual (-7.55%) leading the drop.
AI sector has fallen -4.14%, with SPORE (-36.3%), BUZZ (-26.9%), and SEKOIA (-21.7%) leading the decline.

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

According to Wu, the DEX Mango Markets on Solana announced that it will cease operations on Monday. Mango v4 and Boost are gradually shutting down, and most lending on Mango will no longer be economically viable in the future. Mango was manipulated and hacked in October 2022, resulting in the theft of $110 million. Previously, the SEC's settlement required Mango's governance DAO and organization to destroy its MNGO tokens and delist them from all exchanges.

Next news:Bitcoin has fallen below 94,000 USDT.
Next news:MicroStrategy founder Michael Saylor has released Bitcoin tracking information for the tenth consecutive week and hinted at possibly increasing $BTC holdings again. According to past patterns, MicroStrategy typically increases its Bitcoin holdings the day after related news is released.
Next news:On January 13, PANews reported that Whale Alert monitoring showed that at 3:03 AM Beijing time, 1,850 bitcoins (approximately $175.67 million) were transferred from an unknown wallet to the Binance exchange.
Next news:

According to TechFlow, on January 12, Scam Sniffer issued a warning that the newly issued "NUDEAI" and "MAGA" tokens on the Base chain have been identified as fraudulent tokens. Attackers have transferred backdoor code from the SafeMath.mod() function to the MerkleProof.verifyCalldata() function in the smart contract, allowing for arbitrary asset transfers without user authorization.

The token contract addresses involved are: NUDEAI (0xcb33289e...85d4cf95af3574) and MAGA (0xc20fd8...f703e8b522372901). Scam Sniffer advises users to be cautious of such fraudulent tokens that implant backdoors through the transferFrom function and recommends conducting security verification before interacting with unknown tokens.

Next news:Cyberhaven Security Company suffered a phishing email attack, leading to malicious code being embedded in its browser plug-ins. This code aimed to access users' browser cookies and passwords. The attack affected multiple plug-ins, including Proxy SwitchyOmega (V3), impacting 500,000 users on the Google Store. The attack utilized the OAuth2 attack chain, allowing attackers to release a backdoor-laden extension update. This update could be triggered automatically, making detection challenging.
Next news:A whale deposited 50,227 SOL into Kraken 8 hours ago, and if sold, it would yield a profit of 1.23 million dollars. According to monitoring by @ai_9684xtpa, the SOL that this whale accumulated 8 months ago seems to be decreasing. Between June and July 2024, he withdrew 86,777 SOL from Kraken and Coinbase at an average price of 162.72 dollars. In the past three weeks, he has deposited 81,227 SOL into the exchange and made a profit of 2.33 million dollars.
Next news:Asia's weekly TOP10 crypto news (Jan 6 to Jan 12) Russia to Liquidate Bitcoin Seized in Infraud Hacking Case, Thailand to Pilot Cryptocurrency Payments in Phuket, South Korea’s FSC to Gradually Permit Corporations to Trade Virtual Assets, Bybit to Halt Trading Services for Indian Users
Next news:

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:

Wu's Weekly Macroeconomic Indicators and Analysis: Last week's Federal Reserve meeting minutes indicated a slowdown in the pace of interest rate cuts, and non-farm employment figures significantly exceeded market expectations; this week, key attention will be on U.S. inflation data CPI & PPI, as well as the Federal Reserve's Economic Conditions Beige Book and the European Central Bank's December monetary policy meeting minutes.

Last Week Review

• In December, the seasonally adjusted non-farm employment population in the U.S. was 256 thousand, significantly surpassing the market expectation of 160 thousand, reaching a new high since March 2024.
• The unemployment rate in the U.S. for December was 4.1%, estimated at 4.2%.
• The ADP employment figures in the U.S. for December increased by 122 thousand, expected at 140 thousand, and the previous value was 146 thousand.
• China's December Caixin Services PMI recorded 52.2, rising by 0.7 percentage points from November, the highest since June 2024, indicating accelerated expansion in service sector activities.
• The Federal Reserve's December monetary policy meeting minutes indicated that the Fed will slow down the pace of interest rate cuts.
• China's December CPI annual rate was +0.1%, as expected, with the previous value at +0.2%.
• For the week ending January 4, the number of initial unemployment claims in the U.S. was 201 thousand, the lowest since the week of February 17, 2024. The expectation was 218 thousand, and the previous value was 211 thousand.

This Week's Key Events & Indicators

January 14

• U.S. December PPI annual rate (21:30)

January 15

• U.S. December unadjusted CPI annual rate (21:30)

January 16

• Federal Reserve releases Economic Conditions Beige Book (03:00)
• European Central Bank releases December monetary policy meeting minutes (20:30)
• U.S. initial unemployment claims for the week ending January 11 (thousands) (21:30)

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.