SoSo Daily Jan 14 | Robinhood fined 45 million dollars for multiple violations.

According to sosovalue, the price of $BTC is 94,925 USD, an increase of 0.79% from yesterday. The market cap of $BTC is 1.88 trillion USD, accounting for 54.8% of the total market cap; $BTC's 24-hour trading volume is 75.11 billion USD, making up 19.5% of the total trading volume.
The price of $ETH is 3,161.2 USD, down 2% from yesterday; the market cap of $ETH is 380.91 billion USD, representing 11.1% of the total market cap; $ETH's 24-hour trading volume is 39.53 billion USD, comprising 10.3% of the total trading volume.
The combined market capitalization of $BTC and $ETH accounts for 65.9% of the total cryptocurrency market cap, and their combined trading volumes constitute 29.8% 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 Hive AI. As of 05:50 today, its market cap is 74.96M, with a coin price of 0.074970 USD, witnessing a 24-hour increase of 65.5%.
The second is Ava AI. As of 05:50 today, its coin price is 0.27831 USD, with a 24-hour increase of 54.5%.
The third is Fartcoin. As of 05:50 today, its coin price is 1.0823 USD, showing a 24-hour increase of 42.9%.
In fourth place is AxonDAO Governance Token. As of 05:50 today, its coin price is 0.32751 USD, with a 24-hour rise of 39.3%.
In fifth place is Ancient8. As of 05:50 today, its coin price is 0.35340 USD, increasing by 24.6% 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, 14 are up and 2 are down. Notably, AI, Meme, and $ETH sectors are worth mentioning.
AI sector has risen 3.79% relative to the UTC 0 time, led by gains in BUZZ (58.4%), ava (49%), and fartcoin (41.5%).
Meme sector has increased 2.81% relative to UTC 0, with fartcoin (41.5%), AIXBT (27%), and gnon (19.3%) leading the rise.
$ETH sector has fallen -2%, with $eth (-2%) leading the decline.

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

According to reports, the U.S. Securities and Exchange Commission (SEC) announced that Robinhood Securities LLC and Robinhood Financial LLC have agreed to pay a total of 45 million USD in civil penalties to resolve a series of regulatory violations stemming from their brokerage operations. According to the SEC's order, the two companies failed to comply with multiple regulatory requirements, including failing to timely report suspicious trading activities, failing to implement adequate identity theft protection measures, failing to address known cybersecurity vulnerabilities that led to unauthorized access to customer information, failing to properly maintain electronic communications and core operational data, and failing to retain communication records with customers as required by law. Additionally, Robinhood Securities separately violated relevant provisions of the Securities Exchange Act, including failing to provide complete trading data (blue sheet data) and failing to comply with Regulation SHO requirements.

Next news:

According to SoSoValue, as of January 13th (Eastern Time), Bitcoin spot ETFs experienced a total net outflow of $284.19M.

Yesterday, Grayscale's ETF GBTC had a net outflow of $89.01M, bringing GBTC's total historical net outflow to $21.66B.

Grayscale Bitcoin Mini Trust ETF $BTC had a net outflow of $ 0.00 ，bringing Grayscale Bitcoin Mini Trust ETF $BTC's total historical net inflow to $923.99M.

The Bitcoin spot ETF with the highest net inflow for the day was BlackRock's ETF IBIT, with a daily net inflow of $29.46M, with IBIT's total historical net inflow reaching $37.70B.

As of this writing, the total net asset value of Bitcoin spot ETFs stands at $105.05B, with the ETF net asset ratio (the market value relative to the total market value of Bitcoin) reaching 5.67%. The historical cumulative net inflow has reached $35.93B.

Source: https://sosovalue.com/assets/etf

Next news:According to the South China Morning Post, the U.S. Supreme Court has declined to hear the appeal by Binance and its founder Changpeng Zhao in an attempt to avoid a class-action lawsuit from investors. The investors allege that Binance illegally sold unregistered tokens since 2017 and failed to warn them about the "significant risks," seeking compensation for their losses. In March 2024, the U.S. Court of Appeals for the Second Circuit ruled that although Binance is not a U.S. company, U.S. securities laws apply because token transactions are irrevocable in the U.S. after investors make payments. Binance cited a 2010 Supreme Court ruling, arguing that its offshore trading platform should not be subject to U.S. securities law, but the appeal was rejected.
Next news:On January 13, the U.S. Court of Appeals for the Third Circuit issued an opinion in the civil case between cryptocurrency exchange Coinbase and the U.S. Securities and Exchange Commission (SEC), ruling that the SEC's decision to refuse to formulate relevant rules was "arbitrary and capricious." This case originated from Coinbase's 2022 request for the SEC to establish regulatory rules for securities related to digital assets, which was denied by the SEC in 2023. The court partially supported Coinbase's appeal but did not require the SEC to initiate a rule-making process, stating that the SEC's reasons for refusal "lacked adequate explanation." (Cointelegraph)
Next news:The U.S. Commodity Futures Trading Commission (CFTC) is considering reviewing the legality of futures contracts from Crypto.com that allow investors to bet on the outcomes of major football games like the Super Bowl. The five members of the CFTC are voting on whether to conduct a 90-day review of these contracts. Although the agency does not have the authority to immediately halt trading, the review will extend until after the Super Bowl game day, and upon completion of the review, the commission may prohibit such contracts.
Next news:

According to a report by CoinPost, Japanese listed company Remixpoint announced on January 10 that it would purchase an additional 33.34 bitcoins, worth approximately 500 million yen. This purchase brings its total bitcoin holdings to 333.189 $BTC, which is estimated to be worth around 4.89 billion yen at current market value. Additionally, the company decided on January 9 to purchase crypto assets totaling 3 billion yen. This 500 million yen purchase is part of that plan.

Next news:

According to reports from @EmberCN, FTX/Alameda conducted its monthly SOL redemption transfer 3 hours ago: redeeming 182,421 SOL (32.35 million USD) from staking and distributing it to 20 addresses. Since last November, FTX/Alameda's staking address has cumulatively redeemed and transferred out 4.45 million SOL (516.88 million USD) through this method, with an average transfer price of 116.2 USD.

Next news:

According to Wu Shuo, Arkham monitoring has revealed that the Pump fun: Fee Account transferred approximately 122,620 SOL, worth about $21.65 million, to Kraken again today at 2:10 UTC+8 through wallet: 8sp5im...Rac3sM. Currently, Pump fun still holds 6,125 SOL and 101,000 JITSOL, totaling approximately $22.60 million.

Next news:According to The Washington Post, David Sacks and the Trump transition team are closely collaborating with leaders in the crypto industry to formulate legislative strategies. Trump is expected to sign an executive order on his first day in office, which may involve "debanking" and the repeal of controversial crypto accounting policies that require banks to account for digital assets on their balance sheets. This individual stated that the Trump team has made it clear that this matter is a priority.
Next news:According to Wu, Jesse Pollak, the head of the Base protocol, tweeted that after posting a tweet about Base belonging to everyone, he received many contacts from Chinese developers and expressed pride in being able to build together with them. He emphasized that supporting Chinese developers is one of his top priorities for 2025.

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.