SoSo Daily Feb 12 | Today, USDC Treasury added approximately 186 million USDC on the Ethereum chain.

Let's turn our attention to today's overall Crypto market situation.
As of 11:59 AM on February 12, 2025, according to sosovalue, the total market cap of the crypto market stands at 3.29 trillion US dollars, witnessing a decrease of 3.28% compared to yesterday; the total trading volume is 117.85 billion US dollars, marking an increase of 4.21% from the previous day.

According to sosovalue, the price of $BTC is 96,074 USD, a decrease of 2.12% from yesterday. The market cap of $BTC is 1.90 trillion USD, accounting for 57.9% of the total market cap; $BTC's 24-hour trading volume is 34.40 billion USD, making up 29.2% of the total trading volume.
The price of $ETH is 2,626.6 USD, down 3.03% from yesterday; the market cap of $ETH is 316.61 billion USD, representing 9.62% of the total market cap; $ETH's 24-hour trading volume is 20.36 billion USD, comprising 17.3% of the total trading volume.
The combined market capitalization of $BTC and $ETH accounts for 67.52% of the total cryptocurrency market cap, and their combined trading volumes constitute 46.5% 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 11:50 Hong Kong time, according to sosovalue, the top five gainers are:
Top 1 gainer is Solayer. As of 11:50 today, its market cap is 247.08M, with a coin price of 1.1231 USD, witnessing a 24-hour increase of 462%.
The second is Neiro on ETH. As of 11:50 today, its coin price is 0.0033221 USD, with a 24-hour increase of 388%.
The third is Plian. As of 11:50 today, its coin price is 0.0045000 USD, showing a 24-hour increase of 151%.
In fourth place is B3. As of 11:50 today, its coin price is 0.013770 USD, with a 24-hour rise of 138%.
In fifth place is Stool Prisondente. As of 11:50 today, its coin price is 0.074400 USD, increasing by 119% 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, 1 is up and 15 are down. Notably, GameFi, DePIN, and AI sectors are worth mentioning.
GameFi sector has fallen by 5.03% relative to the UTC 0 time, led by declines in GEEK (-18.8%), NEXG (-17.8%), and KARRAT (-15.6%).
DePIN sector has decreased by 6.35% relative to UTC 0, with HNT (-24.1%), AIOZ (-17.6%), and POKT (-9.07%) leading the drop.
AI sector has fallen by 6.85%, with VADER (-24.5%), SEKOIA (-22.4%), and FLAVIA (-18.3%) leading the decline.

Let's go through the Crypto news worth paying attention today according to sosovalue:
The first is:Wu reported that, according to Whale Alert monitoring, the USDC Treasury minted an additional 97,652,392 USDC on the Ethereum chain at 15:43 UTC+8 on February 12. About two hours earlier, the USDC Treasury also minted an additional 88,369,674 USDC on the Ethereum chain.
Next news:Former CFTC Commissioner and current a16z Policy Head, Brian Quintenz, is being considered by Trump for the position of CFTC Head. This move highlights Quintenz's extensive experience in financial regulation and his current role in the cryptocurrency sector with a16z, a prominent venture capital firm. The appointment could signal a shift in regulatory focus towards digital assets.
Next news:

According to SoSoValue, as of February 11th (Eastern Time), Bitcoin spot ETFs experienced a total net outflow of $56.76M.

Yesterday, Grayscale's ETF GBTC had a net outflow of $0.00 , bringing GBTC's total historical net outflow to $21.95B.

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 $1.24B.

The Bitcoin spot ETF with the highest net inflow for the day was BlackRock's ETF IBIT, with a daily net inflow of $23.80M, with IBIT's total historical net inflow reaching $40.87B.

As of this writing, the total net asset value of Bitcoin spot ETFs stands at $111.78B, with the ETF net asset ratio (the market value relative to the total market value of Bitcoin) reaching 5.92%. The historical cumulative net inflow has reached $40.46B.

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

Next news:

According to Wu, zklend has officially acknowledged that it was hacked, stating that the hacker may keep 10% of the funds as a white-hat bounty and return the remaining 90% (specifically, 3,300 $ETH). Upon receiving the transfer, they agree to waive any and all liabilities related to the attack. Currently, the withdrawal functionality on the zklend protocol has been suspended.

Next news:Wu learned that, according to Arkham monitoring, the Trump family's project World Liberty spent $5.47 million to purchase 830.50 thousand MOVE tokens and 1,917 $ETH through Cow Protocol from 4:09-4:25 UTC+8 on February 12th.
Next news:The U.S. Consumer Price Index (CPI) report for January is expected to be released on Wednesday. Analysts suggest that a softer CPI could potentially lead to gains in Bitcoin. However, a significant surge in Bitcoin prices appears unlikely despite the potential positive impact of the CPI report.
Next news:Wu has learned that the DeFi project InfiniFi has announced the completion of a $3 million oversubscribed seed round financing, led by Electric Capital, with participation from New Form Capital, Kraynos Capital, and others. InfiniFi plans to launch a dollar-pegged Deposit Receipt Token (DRT) in the second quarter of 2025 and will integrate with protocols such as AAVE, Pendle, and Ethena.
Next news:

QCP Capital pointed out that, from multiple indicators, we have not seen signs of panic on Wall Street. Credit yields remain at cyclical lows, and the credit spread between investment-grade bonds and junk bonds has not widened. The VIX seems to be stabilizing at 16, indicating that market participants have purchased protective measures against any further negative news. Powell's testimony in the Senate reinforced the Fed's "wait-and-see" stance on interest rate cuts, suggesting that the pace of cuts may slow down in 2025. However, despite the Fed's tough stance, the Dollar Index (DXY) has failed to rise. Any positive news could force dollar bulls to massively cover their positions, potentially driving up risk assets. Tonight's CPI data could be the catalyst for a significant drop in the Dollar Index. For participants still holding long positions in cryptocurrencies, following institutional flows and purchasing downside protection may be the best strategy.

Next news:

The decentralized AI blockchain platform Sahara AI has announced the launch of Sahara AI Studio, officially opening early access to create an integrated AI research and development platform that consolidates core functions such as dataset management, model training, secure storage, and scalable computing power. Sahara AI Studio optimizes the AI development process and enhances data security and computational efficiency through four major modules: Data Hub, Model Hub, Compute Hub, and Vaults. The official statement indicates that more testing slots will be gradually opened to support AI research and development under the Web3 ecosystem. Previously, during Season 2, Sahara AI attracted over 2.11 million registered users, with more than 330 thousand approved data points and a total distribution of over 6.59 million Sahara Points, becoming a popular project in the Web3 AI space.

Next news:The total net inflow of Ethereum spot ETFs yesterday was $12.58 million, with an ETF net asset ratio of 3.14%.

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.