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SoSo Daily Feb 4 | BTC rebounded to break through 95,000 USDT, with the 24H decline narrowing to 4.68%.

SoSo Newsletter
3KWords
Feb 4, 2025


Crypto Market Overview


Let's turn our attention to today's overall Crypto market situation.


As of 11:59 PM on February 3, 2025, according to sosovalue, the total market cap of the crypto market stands at 3.47 trillion US dollars, witnessing an increase of 2.23% compared to yesterday; the total trading volume is 443.12 billion US dollars, marking a significant rise of 106% from the previous day.





Cryptocurrency Market Update


According to sosovalue, the price of $BTC is 101,300 USD, an increase of 3.68% from yesterday. The market cap of $BTC is 2.01 trillion USD, accounting for 57.8% of the total market cap; $BTC's 24-hour trading volume is 115.68 billion USD, making up 26.1% of the total trading volume.


The price of $ETH is 2,879.5 USD, up 0.343% from yesterday; the market cap of $ETH is 347.05 billion USD, representing 9.99% of the total market cap; $ETH's 24-hour trading volume is 103.54 billion USD, comprising 23.4% of the total trading volume.


The combined market capitalization of $BTC and $ETH accounts for 67.79% 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 23:50 Hong Kong time, according to sosovalue, the top five gainers are:
Top 1 gainer is Pencils Protocol (DAPP). As of 23:50 today, its market cap is 0E-8, with a coin price of 0.24110 USD, witnessing a 24-hour increase of 143%.
The second is VaderAI by Virtuals (VADER). As of 23:50 today, its coin price is 0.032613 USD, with a 24-hour increase of 114%.
The third is Top Hat (HAT). As of 23:50 today, its coin price is 0.021010 USD, showing a 24-hour increase of 69.6%.
In fourth place is Proton (XPR). As of 23:50 today, its coin price is 0.0052764 USD, with a 24-hour rise of 69.3%.
In fifth place is ORBIT (GRIFT). As of 23:50 today, its coin price is 0.057623 USD, increasing by 69.1% over the last 24 hours.



Sector Performance in the Crypto Market


According to sosovalue, out of 16 sectors, 16 are up and 0 are down. Notably, the RWA, AI, and DeFi sectors are worth mentioning.



RWA Sector


The RWA sector has risen by 14.9% relative to the UTC 0 time, led by gains in GFI (24.5%), OM (22.5%), and SMT (21.9%).




AI Sector


The AI sector has increased by 10% relative to UTC 0, with VADER (111%), VVAIFU (67.3%), and GRIFFAIN (65.4%) leading the rise.




DeFi Sector


The DeFi sector has risen by 6.57%, with DAPP (143%), XPR (65.5%), and BUZZ (46%) leading the rise.





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

According to OKX market data, $BTC has rebounded and surpassed 95,000 USDT, currently reported at 95,016.1 USDT, with a 24H decline narrowing to 4.68%. (This news item was generated with AI assistance)


Next news:According to Blockworks, sources have revealed that the Trump family project World Liberty Financial has been in discussions with a blockchain team regarding a "token swap" transaction. World Liberty Financial proposed a deal to purchase unlaunched WLFI tokens valued at a minimum of 10 million dollars for a fee of 10%. In return, World Liberty Financial would acquire the same amount of the native tokens of the blockchain project. The relevant tokens are not subject to any vesting period, and the minimum buy-in for the token swap partnership is set at 10 million dollars. Another blockchain project insider noted that while the minimum buy-in amount is 10 million dollars, a minimum of 15 million dollars is required to receive priority treatment from World Liberty Financial.
Next news:According to The New York Times, Mexican President Claudia Sheinbaum stated on the 10th that the new tariffs imposed by the United States on Mexico will be suspended for one month starting today. Mexico has reached a series of agreements with the Trump administration, including the deployment of 10,000 members of the Mexican National Guard to strengthen the northern border to combat drug trafficking, particularly fentanyl. The U.S. also hopes to prevent the trafficking of powerful weapons into Mexico. "Our team will start working today in two areas: security and trade," she said.
Next news:

According to Deep Tide TechFlow news, on February 3rd, according to HTX market data, Bitcoin has risen above $95,000, currently reported at $95,208.97, with the daily decline narrowing to 4.18%.



Next news:

Steve Yun, the former president of the TON Foundation and current board member, has founded a new venture capital firm, TVM Ventures, with its first fund size of $100 million, focusing on TON-based startups. The fund is backed by Yun himself and a Toncoin miner, although he has declined to disclose the identity or specific contributions of this miner. Yun stepped down as chairman of the TON Foundation last month but remains a board member. He established TVM Ventures in November 2024 and quickly began operations. (TheBlock)


Next news:Wu learned that the cryptocurrency exchange Kraken announced it has obtained a European Union Markets in Financial Instruments Directive (MiFID) license, which was acquired through the purchase of a Cypriot investment firm. This move enables Kraken to offer compliant and regulated derivative products to cryptocurrency traders in selected EU markets.
Next news:

U.S. Treasury Secretary Scott Bessent was recently appointed by President Donald Trump as the acting chair of the Consumer Financial Protection Bureau (CFPB). The CFPB is responsible for regulating the consumer financial market and has proposed several rules related to cryptocurrencies in recent years, including the "interpretive rule" released last month, aimed at protecting consumers from fraud in crypto transactions. Additionally, the CFPB is studying how existing regulations, such as the Electronic Funds Transfer Act, apply to emerging digital payment tools like stablecoins.


Next news:According to Bloomberg, Canadian Prime Minister Justin Trudeau confirmed that after discussions with President Trump, the U.S. tariffs will be delayed for 30 days. The two leaders expressed a positive attitude during the call, and Trudeau also announced the deployment of nearly 10,000 soldiers to enhance security at the Canadian border.
Next news:Bybit CEO: It is estimated that the total liquidation across the network in the past 24 hours is at least 8 billion to 10 billion dollars.
Next news:According to reports, on-chain analyst ZachXBT tweeted that Coinbase users have lost over 65 million dollars due to social engineering scams. Investigations reveal that from December 2024 to January 2025 alone, the amount stolen from Coinbase users has exceeded 65 million dollars, with the actual losses likely being even higher. Scammers have used tactics such as spoofed calls, emails, and phishing websites to deceive users into transferring funds to so-called "secure wallets." Analysis indicates that the main criminal groups are from the online scam organization Com and Indian hacker groups. Meanwhile, Coinbase has been criticized for failing to timely flag scam addresses, slow customer support responses, and not taking legal action to combat scam activities.

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.

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