SoSo Daily Jan 24 | Trump Signs Executive Order to Regulate Digital Assets in the U.S.

Let's turn our attention to today's overall Crypto market situation.
As of 11:59 PM on January 23, 2025, according to sosovalue, the total market cap of the crypto market stands at 3.74 trillion US dollars, witnessing a decrease of 1.35% compared to yesterday; the total trading volume is 248.92 billion US dollars, marking an increase of 48% from the previous day.

According to sosovalue, the price of $BTC is 103,940 USD, an increase of 0.223% from yesterday. The market cap of $BTC is 2.06 trillion USD, accounting for 55.1% of the total market cap; $BTC's 24-hour trading volume is 107.93 billion USD, making up 43.4% of the total trading volume.
The price of $ETH is 3,336.5 USD, up 2.9% from yesterday; the market cap of $ETH is 402.06 billion USD, representing 10.7% of the total market cap; $ETH's 24-hour trading volume is 33.37 billion USD, comprising 13.4% 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 56.8% 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 Meson Network (MSN). As of 23:50 today, its market cap is 0E-8, with a coin price of 0.14660 USD, witnessing a 24-hour increase of 155%.
The second is Onyxcoin (XCN). As of 23:50 today, its coin price is 0.023930 USD, with a 24-hour increase of 100%.
The third is Covalent (CQT). As of 23:50 today, its coin price is 0.0053000 USD, showing a 24-hour increase of 55.9%.
In fourth place is Super Trump (STRUMP). As of 23:50 today, its coin price is 0.0016160 USD, with a 24-hour rise of 50.6%.
In fifth place is Animecoin (ANIME). As of 23:50 today, its coin price is 0.087510 USD, increasing by 45.9% 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, 7 are up and 9 are down. Notably, $ETH, SocialFi, and AI sectors are worth mentioning.
$ETH sector has risen 2.82% relative to the UTC 0 time, led by gains in $eth (2.82%).
SocialFi sector has decreased 2.77% relative to UTC 0, with rfr (-15.7%), deso (-9.92%), and berry (-8.52%) leading the drop.
AI sector has fallen 4.6%, with max (-26.9%), send (-24.6%), and NEUR (-24.6%) leading the decline.

Let's go through the Crypto news worth paying attention today according to sosovalue:
The first is:Former President Donald Trump has issued an executive order aimed at establishing a regulatory framework for digital assets in the United States. This move is intended to provide clarity and guidance for the cryptocurrency industry, ensuring that the U.S. remains competitive in the global digital economy. The order outlines the need for collaboration between various government agencies to address the challenges and opportunities presented by digital assets.
Next news:

According to Wu Shuo, Fox reporter Eleanor Terrett reported that the U.S. Senate Banking Committee will vote at 10 AM Eastern Time (11 PM Beijing Time) today to decide whether Cynthia Lummis will serve as chair of the Digital Assets Subcommittee. Half an hour ago, Lummis posted, "Big things are coming," and hinted to pay attention to the announcement at 11 PM Beijing Time.

Next news:BTC breaks through $103,000, down 1.08% intraday. According to a PANews report on January 23, the OKX market shows that $BTC has just surpassed $103,000, with the current trading price at $103,062.90, down 1.08% intraday.
Next news:According to Wu, OKX announced on its official X that it has become the first virtual financial asset (VFA) exchange in Europe to receive pre-authorization from the Crypto Assets Market Regulatory Authority (MiCA). After obtaining full MiCA licensing, OKX will provide localized cryptocurrency services to over 400 million Europeans through its hub in Malta within the European Economic Area (EEA). OKX stated that customers in the region can deposit and withdraw euros for free via bank transfers and can easily purchase cryptocurrencies using cards and other trusted local payment methods.
Next news:Phemex, a cryptocurrency exchange, is investigating reports of a hack that resulted in $29 million being drained from its hot wallets. The incident has raised concerns about security measures in place at the exchange. Phemex is currently working to assess the situation and ensure the safety of its users' funds.
Next news:Wu learned that Binance Labs has been renamed to Yzi Labs, with the official X having changed its name. The announcement states that there will be a new leadership and investment focus.
Next news:JUST IN: 🇺🇸 President Trump says the United States will be the "world capital of artificial intelligence and crypto." https://t.co/1xWPFpQ0Fh

Next news:Zhao Changpeng stated that if the U.S. Securities and Exchange Commission (SEC) approves the tokenization of bonds and stocks, it would be very beneficial for the U.S. market. He believes that tokenization can enhance market liquidity and transparency while reducing trading costs. This initiative could attract more investors into the market, thereby promoting economic growth. Zhao Changpeng also pointed out that other countries are already exploring and implementing tokenization, and if the U.S. does not follow suit, it may find itself at a disadvantage in the global financial market competition.
Next news:

According to market news, Wu has learned that Ledger co-founder David Balland has been released after being kidnapped in France. Specific details of the case have not been disclosed, and a related investigation is underway.

Next news:Cryptocurrency exchange Phemex is investigating reports of a hacking attack in which approximately 29 million dollars were stolen from its hot wallet.

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.