SoSo Daily Feb 15 | Tether acquires shares in Juventus, entering the sports industry.

Let's turn our attention to today's overall Crypto market situation.
As of 11:59 PM on February 14, 2025, according to sosovalue, the total market cap of the crypto market stands at 3.36 trillion US dollars, witnessing an increase of 0.103% compared to yesterday; the total trading volume is 122.01 billion US dollars, marking a decline of 0.122% from the previous day.

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 Juventus Fan Token (JUV). As of 23:50 today, its market cap is 17.02M, with a coin price of 2.1000 USD, witnessing a 24-hour increase of 99.8%.
The second is Stader (SD). As of 23:50 today, its coin price is 0.87190 USD, with a 24-hour increase of 32.6%.
The third is PinEye (PINEYE). As of 23:50 today, its coin price is 0.0017100 USD, showing a 24-hour increase of 31.5%.
In fourth place is Exeedme (XED). As of 23:50 today, its coin price is 0.012240 USD, with a 24-hour rise of 30.9%.
In fifth place is SafeMoon (SFM). As of 23:50 today, its coin price is 0.000039660 USD, increasing by 30.4% over the last 24 hours.




Let's go through the Crypto news worth paying attention today according to sosovalue:
The first is:Tether, the issuer of the stablecoin USDT, has acquired a stake in the Italian football club Juventus. This move marks Tether's entry into the sports industry, potentially expanding its influence beyond the cryptocurrency sector. The announcement was made during the Paris Blockchain Week, where Tether's CTO Paolo Ardoino was present.
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Foresight News reports that on February 5, the U.S. Securities and Exchange Commission (SEC) cryptocurrency working group met with representatives from Jito Labs and Multicoin Capital Management to discuss methods for addressing issues related to cryptocurrency asset regulation. The main topics included the possibility of incorporating staking features in exchange-traded products (ETPs) and the potential models for staking within cryptocurrency ETPs.

Foresight News reports that on February 5, the U.S. Securities and Exchange Commission (SEC) cryptocurrency working group met with representatives from Jito Labs and Multicoin Capital Management to discuss methods for addressing issues related to cryptocurrency asset regulation. The main topics included the possibility of incorporating staking features in exchange-traded products (ETPs) and the potential models for staking within cryptocurrency ETPs.

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According to SoSoValue, as of February 13th (Eastern Time), Bitcoin spot ETFs experienced a total net inflow of $4.03B.

Yesterday, Grayscale's ETF GBTC had a net outflow of $6.86M, bringing GBTC's total historical net outflow to $21.97B.

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 $1.25B.

The Bitcoin spot ETF with the highest net inflow for the day was VanEck's ETF HODL, with a daily net inflow of $4.18B, with HODL's total historical net inflow reaching $5.06B.

Following that, BlackRock's ETF IBIT had a daily net inflow of $26.21M, with IBIT's total historical net inflow reaching $40.88B.

As of this writing, the total net asset value of Bitcoin spot ETFs stands at $116.67B, with the ETF net asset ratio (the market value relative to the total market value of Bitcoin) reaching 6.11%. The historical cumulative net inflow has reached $44.23B.

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

Next news:JUST IN: 🇦🇪 Abu Dhabi's sovereign wealth fund discloses $436 million Bitcoin ETF holdings.
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Telegram's built-in encrypted wallet Wallet has announced support for zero-fee purchases of USDT, covering over 60 countries including Europe, Latin America, and Southeast Asia, aiming to reduce deposit costs and promote the adoption of stablecoins. This feature was launched in collaboration with The Open Platform (TOP) and the payment infrastructure platform Mercuryo, allowing users to exchange cryptocurrencies at a lower cost. USDT was launched on the TON blockchain earlier this year, and its circulation has increased to 1.40 billion.

Next news:According to Wu, Vitalik has published an article stating that although Layer 2 (L2) networks dominate the Ethereum ecosystem, increasing the gas capacity of Layer 1 (L1) by about 10 times holds significant long-term value. This also makes short-term L1 scalability reasonable in the next 1 to 2 years. The article elaborates through several application scenarios: L1 scalability can enhance the censorship resistance of L2; scenarios such as asset transfers across L2, large-scale exits from L2, issuing ERC20 tokens on L1, key storage wallet operations, and submitting L2 proofs all require an increase in L1 capacity to ensure smooth operations, reasonable costs, and security.
Next news:Foresight News reports that Coinbase has established a global partnership with the Aston Martin Aramco team, becoming its exclusive cryptocurrency partner. The Coinbase brand logo will appear on the head protection device and rear wing endplates of the AMR25 race car, as well as on the racing suits of drivers Fernando Alonso and Lance Stroll. Coinbase will fully invest in this partnership using the USDC stablecoin, while also including the Aston Martin Aramco team in the Coinbase Prime client list.
Next news:Wu learned that the Memecoin generation platform Pump Fun has announced the launch of its mobile application for iOS and Android, which supports free token creation, quick buying and selling of tokens, creating watchlists, and managing portfolios.
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According to Wu, Kaito AI published an introduction to the KAITO token, which will be used to drive market forces, serve as a network currency, and enable community governance. More content regarding the tokenomics will be released soon. Kaito AI aims to utilize artificial intelligence to tokenize things that are difficult to quantify, creating reference points to facilitate efficient market formation, making valuable information measurable and tradable.

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According to Bloomberg, Blockchain.com has hired former Goldman Sachs crypto investment banking head Justin Evans as CFO and former Velocity Global CFO Mike Wilcox as COO, planning to expand its workforce by 50%. This personnel adjustment reflects the company's long-standing goal of going public. Evans helped Goldman Sachs establish its crypto investment banking business and was involved in multiple crypto transactions. In 2023, Blockchain.com completed a $110 million funding round led by Kingsway Capital.

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.