SoSo Daily Jan 30 | Trump Media Launches Truth.Fi Platform, Focusing on Cryptocurrency and ETFs

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 Covalent (CQT). As of 23:50 today, its market cap is 6.51M, with a coin price of 0.0076 USD, witnessing a 24-hour increase of 105%.
The second is WATCoin (WAT). As of 23:50 today, its coin price is 0.00018310 USD, with a 24-hour increase of 57.2%.
The third is DOSE. As of 23:50 today, its coin price is 0.00071400 USD, showing a 24-hour increase of 49.4%.
In fourth place is Vectorspace AI (VXV). As of 23:50 today, its coin price is 0.24085 USD, with a 24-hour rise of 47.8%.
In fifth place is TARS Protocol (TAI). As of 23:50 today, its coin price is 0.28127 USD, increasing by 40.7% 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, 16 are up and 0 are down. Notably, RWA, DeFi, and AI sectors are worth mentioning.
RWA sector has risen 5.38% relative to the UTC 0 time, led by gains in PLUME (22.8%), ondo (10.3%), and LMR (9.8%).
DeFi sector has increased 3.72% relative to UTC 0, with xcn (25.1%), paw (17.3%), and jto (14.1%) leading the rise.
AI sector has risen 3.6%, with vxv (47.8%), arc (39%), and tai (36%) leading the rise.

Let's go through the Crypto news worth paying attention today according to sosovalue:
The first is:Trump Media launches a new fintech platform, Truth.Fi, focusing on cryptocurrencies and ETFs.
Next news:Cryptio, a crypto accounting platform, has successfully raised $15 million in a Series A extension round. The funding will support the company's growth and expansion efforts. Antoine Scalia, the founder and CEO of Cryptio, continues to lead the company in its mission to provide comprehensive accounting solutions for the cryptocurrency industry.
Next news:Coinbase Global Inc. has announced the addition of several high-profile figures to its global advisory council. Chris LaCivita, known for his role as co-campaign manager for Donald Trump's presidential campaign, and William Dudley, former President of the Federal Reserve Bank of New York, are among the new advisers. The council will also include former US Senator Kyrsten Sinema of Arizona and Allen & Co. Managing Director Luis Alberto Moreno. This move is part of Coinbase's strategy to strengthen its position as the largest cryptocurrency exchange in the US by leveraging the expertise of these influential figures.
Next news:

According to Foresight News, the liquidity re-staking protocol Inception has announced the completion of a $3.50 million seed round financing, with participation from London Real Ventures, Gallet Capital, Metazero Capital, Kinetic Kollective, Zephyrus Capital, DSRV, Dewhales, Connectico Capital, Unreal Capital, and Absoluta Digital. The new funds are intended to support the development of a modular risk management framework, allowing users to select reward-generating assets to maximize point rewards and the utility of liquid staking tokens (LST).

According to Foresight News, the liquidity re-staking protocol Inception has announced the completion of a $3.50 million seed round financing, with participation from London Real Ventures, Gallet Capital, Metazero Capital, Kinetic Kollective, Zephyrus Capital, DSRV, Dewhales, Connectico Capital, Unreal Capital, and Absoluta Digital. The new funds are intended to support the development of a modular risk management framework, allowing users to select reward-generating assets to maximize point rewards and the utility of liquid staking tokens (LST).

Next news:

Robinhood has announced that it will soon launch trading for Bitcoin, crude oil, and gold futures. The announcement stated that the futures trading will feature a brand new intuitive trading ladder, and in addition to Bitcoin, crude oil, and gold, the new service will also support trading for S&P 500 index, US dollar, and euro futures. (The Block)

Next news:Bitcoin rose for the first time in five days as traders showed renewed interest in risk assets following the Federal Reserve's decision to keep interest rates unchanged. As the largest cryptocurrency by market capitalization, Bitcoin surged 4.5% on Wednesday, reaching $104,783. This brings the token within about $4,000 of the all-time high set last week on President Trump's inauguration day.
Next news:Wu has learned that the Federal Reserve announced the interest rate decision (upper limit) at 4.50%, with expectations also at 4.50%, and the previous value at 4.50%.
Next news:Digital Currency Group (DCG) has announced the spin-off of its crypto mining subsidiary, Fortitude, from its parent company, Foundry. This move is part of DCG's strategy to streamline its operations and focus on its core business areas. Fortitude will now operate independently, allowing it to better focus on its mining operations and growth opportunities in the cryptocurrency sector.
Next news:The price of Bitcoin has surpassed $103,000, with a daily increase of 1.01%. According to a report from PANews on January 30, OKX market data shows that Bitcoin has just crossed $103,000, with the current trading price at $103,005.40, reflecting a daily increase of 1.01%.
Next news:Federal Reserve Chairman calls on Congress to advance cryptocurrency regulatory framework. Jerome Powell stated that banks are fully capable of serving cryptocurrency clients and suggested that lawmakers should take action to address potential risks to households.

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.