SoSo Daily Jan 25 | The European Central Bank plans to launch a digital euro in response to Trump's cryptocurrency policy.

Let's turn our attention to today's overall Crypto market situation.
As of 11:58 PM on January 24, 2025, according to sosovalue, the total market cap of the crypto market stands at 3.74 trillion US dollars, witnessing a decrease of 1.2% compared to yesterday; the total trading volume is 162.91 billion US dollars, marking a decline of 34.6% from the previous day.

According to sosovalue, the price of $BTC is 104,820 USD, an increase of 0.878% from yesterday. The market cap of $BTC is 2.08 trillion USD, accounting for 55.6% of the total market cap; $BTC's 24-hour trading volume is 53.91 billion USD, making up 33.1% of the total trading volume.
The price of $ETH is 3,310.2 USD, down 0.839% from yesterday; the market cap of $ETH is 398.89 billion USD, representing 10.7% of the total market cap; $ETH's 24-hour trading volume is 26.75 billion USD, comprising 16.4% of the total trading volume.
The combined market capitalization of $BTC and $ETH accounts for 66.3% of the total cryptocurrency market cap, and their combined trading volumes constitute 49.5% 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 SoSoValue. As of 23:50 today, its market cap is 38.08M, with a coin price of 0.54010 USD, witnessing a 24-hour increase of 440%.
The second is Proton. As of 23:50 today, its coin price is 0.0060551 USD, with a 24-hour increase of 113%.
The third is ForTube. As of 23:50 today, its coin price is 0.0031580 USD, showing a 24-hour increase of 79%.
In fourth place is InsurAce. As of 23:50 today, its coin price is 0.024200 USD, with a 24-hour rise of 76.6%.
In fifth place is SelfKey. As of 23:50 today, its coin price is 0.0011465 USD, increasing by 64.6% over the last 24 hours.

Let's go through the Crypto news worth paying attention today according to sosovalue:
The first is:Members of the European Central Bank's Governing Council stated that it is necessary to launch a digital euro in response to the push for cryptocurrencies by the Trump administration. This initiative aims to ensure the euro's position in the global financial system and to address potential currency competition. The introduction of the digital euro will provide consumers and businesses in the eurozone with a secure and convenient payment method, while also helping to combat money laundering and terrorist financing. The European Central Bank is studying the technical and legal framework for the digital euro to ensure its security and effectiveness.
Next news:According to a report by the WSJ, MicroStrategy may need to pay federal income tax on its unrealized Bitcoin gains. Under the Inflation Reduction Act (IRA) of 2022, the company could be subject to a 15% Corporate Alternative Minimum Tax (CAMT), which is based on adjusted GAAP earnings, and cryptocurrency assets are not exempt from this tax. MicroStrategy is negotiating with the Internal Revenue Service (IRS) to seek an exemption. If the exemption is not granted, the company may need to sell some Bitcoin to pay the taxes, which could impact its investment strategy. As of now, MicroStrategy holds over 450 thousand Bitcoins, with unrealized gains of approximately 19.30 billion dollars, and the tax could take effect starting in 2026.
Next news:
Next news:Propy, a real estate firm, is introducing crypto-backed loans for purchasing houses. This initiative is led by Natalia Karayaneva, aiming to integrate cryptocurrency into real estate transactions, offering a new financing option for buyers.
Next news:Wu learned that Coinbase International Exchange and Coinbase Advanced will launch perpetual contract trading markets for Toshi, Gigachad, and The Graph on January 30, 2025, at 9:30 AM (UTC) or later, including TOSHI-PERP, GIGA-PERP, and GRT-PERP.
Next news:According to Wu, the winning projects of the BNB 2024 Q4 hackathon have been announced: The first place is the blockchain-based salary platform Paynova; the second place includes the DeFi project Outrun and the decentralized AI agent launchpad AgentArcade; the third place consists of the music competition platform Rhythm Malural, the Telegram bot Star Bridge, and the blockchain Q&A platform DoubtEarn based on the BNB Smart Chain.
Next news:

According to documents from the U.S. Federal Government Office of Ethics, Howard Lutnick, the Commerce Secretary nominee by Trump, has detailed his financial status and pledged to sell his shares in multiple companies, including GE Healthcare, GE Vernova, GE Aerospace, and NASDAQ, after his nomination is confirmed. Notably, Howard Lutnick is a public supporter of Bitcoin and cryptocurrencies; he stated at the 2024 Bitcoin Conference that he holds Bitcoin and revealed that his company, Cantor Fitzgerald, also holds a significant amount of Bitcoin.

Next news:According to Wu, as reported by PR Newswire, Semler Scientific announced plans to issue a total principal of $75 million in convertible senior notes due in 2030 to qualified institutional buyers through a private placement, depending on market conditions. They also intend to grant the initial purchasers of the notes an option to purchase additional notes in an aggregate principal amount of up to $15 million within 13 days from the date of the note issuance. A portion of the net proceeds from the offering will be used for the costs of capped call transactions, and the remaining net proceeds will be used for general corporate purposes, including the acquisition of Bitcoin.
Next news:Wu reported that MicroStrategy announced the redemption of $1 billion in 2027 convertible notes and will settle all conversion requests in the form of common stock.
Next news:

SignalPlus has completed a $11 million Series B funding round, led by AppWorks and OKX Ventures, with participation from Avenir Group and HashKey. Reportedly, SignalPlus is an Asian cryptocurrency trading software service provider established in 2021, offering institutional-grade trading tools in the cryptocurrency space, aiming for global expansion. (TheBlock)

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.