SoSo Daily Feb 18 | HyperEVM has officially launched.

According to sosovalue, the price of $BTC is 95,627 USD, a decrease of 0.445% from yesterday. The market cap of $BTC is 1.90 trillion USD, accounting for 58% of the total market cap; $BTC's 24-hour trading volume is 25.41 billion USD, making up 22.9% of the total trading volume.
The price of $ETH is 2,679.7 USD, down 2.76% from yesterday; the market cap of $ETH is 323.05 billion USD, representing 9.88% of the total market cap; $ETH's 24-hour trading volume is 25.66 billion USD, comprising 23.1% of the total trading volume.
The combined market capitalization of $BTC and $ETH accounts for 67.88% of the total cryptocurrency market cap, and their combined trading volumes constitute 46% 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 Mines of Dalarnia (DAR). As of 11:50 today, its market cap is 103.69M, with a coin price of 0.16700 USD, witnessing a 24-hour increase of 32.5%.
The second is Tamadoge (TAMA). As of 11:50 today, its coin price is 0.00095400 USD, with a 24-hour increase of 29.4%.
The third is Alchemy Pay (ACH). As of 11:50 today, its coin price is 0.032870 USD, showing a 24-hour increase of 26%.
In fourth place is SoSoValue (SOSO). As of 11:50 today, its coin price is 0.64870 USD, with a 24-hour rise of 22.7%.
In fifth place is Story (IP). As of 11:50 today, its coin price is 2.0760 USD, increasing by 20% over the last 24 hours.




Let's go through the Crypto news worth paying attention today according to sosovalue:
The first is:According to reports, the Hyper Foundation has announced via Twitter that HyperEVM has officially launched. This marks an important step towards achieving general programmability in Hyperliquid's high-performance financial system, thereby accommodating all financial visions. The initial mainnet release of HyperEVM includes: HyperEVM blocks built as part of L1 execution, inheriting all the security from the HyperBFT consensus; instant transfers between native spot HYPE and HyperEVM HYPE, with HYPE being the native gas token on HyperEVM; and the deployment of the standard WHYPE system contract at 0x555...5 for DeFi applications. In future network upgrades, universal ERC20 native transfers and precompiles will be enabled. While these features have been implemented on the testnet, the mainnet release is being carried out in phases to minimize the impact on existing users on L1. HyperEVM can combine with L1 state without affecting the low-latency trading experience of existing users.
Next news:

Robinhood plans to launch cryptocurrency services in Singapore in 2025, leveraging its recently acquired entity under the European digital asset exchange Bitstamp to expand in the Asia-Pacific region. Johann Kerbrat, Vice President of Robinhood Crypto, stated that the company will work with local regulators to advance the plan, with the expected launch of related services as early as the end of 2025, although the specific launch date has yet to be determined. (Bloomberg)

Next news:

OKX has announced that it is one of the first global cryptocurrency exchanges to obtain the MiCA license and officially operate in Europe. This marks a significant advancement in the compliance process for OKX and the cryptocurrency industry in the European Economic Area (EEA). Currently, OKX, through its European headquarters in Malta, provides localized cryptocurrency services to users in 28 EEA countries, supporting euro trading pairs, free bank transfers, and various fiat payment methods.

Next news:

The Ethereum official execution client Geth (go-ethereum) development team has issued an urgent announcement, requesting validators using version v1.15.1 to upgrade to version v1.15.2 as soon as possible. This update aims to fix regression issues to prevent block creation failures on the Ethereum mainnet, thereby avoiding missed block production opportunities for validators and the consequent loss of block rewards and transaction fees. (TheBlock)

Next news:According to Wu, meow, co-founder of Jupiter, tweeted that neither Jupiter nor Meteora has engaged in any insider trading or financial misconduct. He stated that the company has hired the well-known law firm Fenwick & West as an independent third party to conduct an investigation and publish a report. At the same time, he emphasized that the JUP token has consistently maintained high standards of transparency, being the only major protocol that provides detailed explanations for each token during three audit processes and has never engaged in over-the-counter (OTC) trading. Ben, the project leader of the decentralized trading platform Meteora, has chosen to resign. Meow stated that although he has full confidence in Ben's character, it is unacceptable that, as the project leader, Ben has shown insufficient judgment and attention to core aspects of the project in recent months.
Next news:

The European Securities and Markets Authority (ESMA) has released a consultation paper seeking public input on guidelines for assessing the competencies of employees at crypto asset service providers. According to the proposal, practitioners are required to possess expertise in key characteristics of crypto assets, market operations, blockchain technology, as well as an understanding of the regulatory framework and tax implications. ESMA mandates that service providers conduct annual development needs assessments for employees, maintain qualification records, and carry out regular evaluations. The consultation period for this paper is open until April 22, and ESMA plans to release the final guidelines in the third quarter of this year. (Cointelegraph)

Next news:According to Wu, monitoring by Lookonchain revealed that a trader made a profit of 7.32 million USD by trading the TRUMP token, but incurred a loss of 617 thousand USD on the MELANIA token and 1.76 million USD on the LIBRA token. The trader faced two losses on LIBRA: three days ago, the address spent 1.70 million USD to purchase LIBRA and sold it for 136 thousand USD, resulting in a loss of 1.56 million USD; after Javier Milei shared a post about how to buy LIBRA, the address again invested 300 thousand USD to purchase LIBRA, incurring another loss of 200 thousand USD.
Next news:According to a report by TASS, Russian power grid company Rosseti Group is expected to suffer losses exceeding 1.30 billion Russian rubles (approximately 14.20 million USD) in 2024 due to illegal cryptocurrency mining. Illegal mining operations have led to overloads in the power grid, causing voltage drops that damage electrical equipment and household appliances. Among these, the largest case of electricity theft occurred in Novosibirsk, involving over 32 thousand mining machines, with estimated losses reaching 197 million rubles.
Next news:Wu learned that, according to China Business News, a piece of news about 'an employee of the well-known quantitative private equity firm Kuande Investment accusing the company of using brain-control weapons to persecute employees on social media' continues to ferment in the private equity circle. Kuande Investment responded on February 18th: 'The company has noticed inappropriate comments about the company on online platforms. After verification, the commenter did work for the company for a short period (joined in July 2022 and voluntarily left in early September of the same year, with a tenure of about 1 month). Currently, the commenter has terminated the labor relationship with the company, and the comments made are personal actions, with inaccurate and misleading information.'
Next news:Wu learned that Binance has released a notice regarding changes to the token economics of BurgerCities (BURGER). The total supply of BurgerCities (BURGER) will increase or has already increased, with an annual inflation rate ranging from 6% to 12%.

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.