SoSo Daily Jan 17 | Trump Plans to Make Cryptocurrency a National Priority

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 Alpha Quark (AQT). As of 05:50 today, its market cap is 107.11M, with a coin price of 3.9956 USD, witnessing a 24-hour increase of 85.8%.
The second is Onyxcoin (XCN). As of 05:50 today, its coin price is 0.0053600 USD, with a 24-hour increase of 61.9%.
The third is zkLink (ZKL). As of 05:50 today, its coin price is 0.16080 USD, showing a 24-hour increase of 56.4%.
In fourth place is Morpho Token (MORPHO). As of 05:50 today, its coin price is 4.0227 USD, with a 24-hour rise of 39.8%.
In fifth place is LUKSO (LYX). As of 05:50 today, its coin price is 2.6310 USD, increasing by 36.7% over the last 24 hours.




Let's go through the Crypto news worth paying attention today according to sosovalue:
The first is:U.S. presidential candidate Donald Trump plans to issue an executive order that elevates cryptocurrency to a national policy priority and grants industry insiders a voice within his administration. According to sources familiar with the matter, the order is expected to designate cryptocurrency as a national focus or priority, aimed at guiding government agencies in their collaboration with the industry. Additionally, there are plans to establish a cryptocurrency advisory committee to advocate for the industry's policy priorities.
Next news:

According to SoSoValue, as of January 16th (Eastern Time), Bitcoin spot ETFs experienced a total net inflow of $626.15M.

Yesterday, Grayscale's ETF GBTC had a net outflow of $69.97M, bringing GBTC's total historical net outflow to $21.68B.

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 $937.68M.

The Bitcoin spot ETF with the highest net inflow for the day was BlackRock's ETF IBIT, with a daily net inflow of $527.87M, with IBIT's total historical net inflow reaching $38.04B.

Following that, Ark Invest and 21Shares's ETF ARKB had a daily net inflow of $155.44M, with ARKB's total historical net inflow reaching $2.69B.

As of this writing, the total net asset value of Bitcoin spot ETFs stands at $114.82B, with the ETF net asset ratio (the market value relative to the total market value of Bitcoin) reaching 5.78%. The historical cumulative net inflow has reached $37.10B.

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

Next news:According to Bloomberg, cryptocurrency wallet provider Phantom Technologies Inc. has announced the completion of a $150 million financing round, led by Sequoia Capital and Paradigm, with the company’s valuation reaching $3 billion, doubling from previous figures. Recently, Phantom has seen a rise in its wallet application rankings on the iPhone App Store due to the perception that newly elected U.S. President Trump will bring a more favorable regulatory environment for cryptocurrencies. Phantom is a non-custodial wallet that initially gained popularity within the Solana ecosystem and now supports multiple blockchains, including Ethereum and Bitcoin.
Next news:

According to SoSoValue data, it has been reported that yesterday (Eastern Time, January 16), the total net inflow for Ethereum spot ETFs reached 167 million USD. The Ethereum spot ETF with the highest net inflow yesterday was BlackRock's ETF ETHA, with a net inflow of 111 million USD in a single day. Currently, the historical total net inflow for ETHA has reached 3.83 billion USD.

Next news:According to official announcements, Bithumb will launch DKA and BOUNTY trading pairs in Korean Won.
Next news:

The Solana social graph protocol Tapestry has completed a $5.75 million Series A funding round, led by Union Square Ventures and Fabric Ventures, with participation from Stellation Capital, Slow Ventures, and Foresight Ventures. Tapestry previously completed a $4 million seed round in January 2022 and a $2 million seed extension round in August of the same year. The protocol utilizes Solana's state compression technology to provide convenient social feature integration for blockchain applications and plans to expand to ecosystems such as Aptos, Monad, and Berachain. (TheBlock)

Next news:

SEC's Chief Legal Counsel Megan Barbero will leave her position on January 20. Barbero has served as Chief Legal Counsel since February 2023, overseeing how the SEC's legal department handles disputes with cryptocurrency firms in federal court and providing guidance on its enforcement stance. Previously, Gurbir Grewal, the head of the SEC's enforcement division, left in October 2024, and Paul Munter, the head of the accounting division, also announced his upcoming departure this week. (CoinDesk)

Next news:

Digital advertising platform EarnOS has announced the completion of a $5 million seed round funding, led by Escape Velocity, with other participants including Animoca Brands, GD1, Laser Digital, as well as strategic partners XION, MystenLabs, and Opacity Network. EarnOS is leveraging Web3 technology to transform the current digital advertising model. It utilizes XION's Chain Abstraction to create new ways for mainstream brands and enterprises to incentivize active internet users.

Next news:Multicoin Capital has released a proposal for Solana, suggesting to adjust the issuance rate of SOL to a market-based solution.
Next news:Senator Cynthia Lummis, a supporter of cryptocurrencies, has questioned the Federal Deposit Insurance Corporation (FDIC) regarding allegations of destroying documents related to digital assets and warned that criminal liability will be pursued for related illegal activities. In a letter to the FDIC chairman, Lummis stated that a whistleblower revealed that the FDIC destroyed materials and monitored whistleblowers in an attempt to prevent documents from being submitted to the Senate. She emphasized that this behavior is "illegal and unacceptable," and if it is confirmed that someone intentionally destroyed materials or obstructed Senate oversight, a criminal complaint will be submitted to the Department of Justice. Lummis has demanded that the FDIC preserve all materials related to the agency's activities concerning digital assets since January 1, 2022, including communications with other federal and state banking regulators regarding digital assets, as well as materials related to pending law enforcement actions. (The Block)

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.