SoSo Daily Feb 19 | Grayscale Launches Crypto Fund for Pyth to Enhance Solana Ecosystem Access
Crypto Market Overview
Let's turn our attention to today's overall Crypto market situation.
As of 11:59 PM on February 18, 2025, according to sosovalue, the total market cap of the crypto market stands at 3.26 trillion US dollars, witnessing a decrease of 3.08% compared to yesterday; the total trading volume is 124.63 billion US dollars, marking an increase of 15.6% from the previous day.
Cryptocurrency Market Update
According to sosovalue, the price of $BTC is 95,634 USD, a decrease of 0.153% from yesterday. The market cap of $BTC is 1.90 trillion USD, accounting for 58.2% of the total market cap; $BTC's 24-hour trading volume is 37.32 billion USD, making up 29.9% of the total trading volume.
The price of $ETH is 2,671 USD, down 2.66% from yesterday; the market cap of $ETH is 322.00 billion USD, representing 9.89% of the total market cap; $ETH's 24-hour trading volume is 24.06 billion USD, comprising 19.3% of the total trading volume.
The combined market capitalization of $BTC and $ETH accounts for 68.09% of the total cryptocurrency market cap, and their combined trading volumes constitute 49.2% 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 12:00 Hong Kong time, according to sosovalue, the top five gainers are:
Top 1 gainer is Game7. As of 23:50 today, its market cap is 11.78M, with a coin price of 0.0051200 USD, witnessing a 24-hour increase of 93.2%.
The second is Venom. As of 23:50 today, its coin price is 0.063110 USD, with a 24-hour increase of 61.9%.
The third is Quantlytica. As of 23:50 today, its coin price is 0.23254 USD, showing a 24-hour increase of 58.9%.
In fourth place is Sommelier. As of 23:50 today, its coin price is 0.0096300 USD, with a 24-hour rise of 43.3%.
In fifth place is Opulous. As of 23:50 today, its coin price is 0.063140 USD, increasing by 31% over the last 24 hours.
Crypto Market Sector Performance
Moving on, let's take a look at the sector performance in the crypto market.
According to sosovalue, out of 16 sectors, 1 is up and 15 are down. Notably, the Layer2, NFT, and GameFi sectors are worth mentioning.
Layer2 Sector
The Layer2 sector has fallen by 5.44% relative to the UTC 0 time, led by declines in EARNM (-10.2%), op (-9.87%), and lumia (-8.13%).
NFT Sector
The NFT sector has decreased by 5.55% relative to UTC 0, with taboo (-15.3%), orb (-13.9%), and talk (-12.9%) leading the drop.
GameFi Sector
The GameFi sector has fallen by 5.63%, with MNRY (-47.9%), XPET (-25.5%), and ULTI (-19.1%) leading the decline.
Let's go through the Crypto news worth paying attention today according to sosovalue:
The first is:Grayscale has launched a new cryptocurrency fund specifically for Pyth, aiming to broaden investor access within the Solana ecosystem. This move is part of Grayscale's strategy to expand its offerings and provide more opportunities for investors interested in the Solana blockchain and its associated projects.
Next news:Blockchain security company Blockaid has successfully raised $50 million in funding. The investment aims to enhance their efforts in addressing on-chain security threats. This funding round highlights the growing importance of cybersecurity in the blockchain industry.
Next news:Tether has made an unsolicited offer to acquire a majority stake in Adecoagro, a Latin American agribusiness valued at $1 billion. This move marks Tether's interest in expanding its investment portfolio into the agricultural sector.
Next news:According to Bloomberg, Nigeria is revising relevant regulations to impose taxes on cryptocurrency trading and digital transactions, aiming to increase fiscal revenue. The Nigerian Securities and Exchange Commission stated that new regulations are being formulated to ensure that all compliant trades on regulated exchanges are included in the formal tax system. Additionally, the country plans to grant full licenses to cryptocurrency exchanges within this year to further regulate the market.
Next news:MARA Holdings has successfully closed a deal to acquire a wind farm located in Texas. This acquisition is part of MARA Holdings' strategic expansion into renewable energy sources. The deal signifies the company's commitment to increasing its portfolio in sustainable energy projects.
Next news:
According to Wu, FTX creditor Sunil tweeted that the record date for FTX's next distribution is set for April 11, 2025, with the distribution expected to begin on May 30, 2025. This distribution will cover claims exceeding $50,000, as well as those under $50,000 that have been approved but did not receive payments in the first distribution.
Next news:Two senior professionals in the quantitative trading field have founded a blockchain startup aimed at helping other crypto projects replicate the success of the Solana network. Anit Chakraborty, who has worked as a software engineer at Hudson River Trading for over 15 years, co-founded Altius Labs with former Amber Group managing partner Annabelle Huang. They raised $11 million in seed funding through a round led by Peter Thiel's Founders Fund and digital asset investment firm Pantera.
Next news:
Wu learned that 0xBeans, the developers of Abstract, tweeted that some Abstract users may have been attacked, but the issue is limited to specific applications, possibly Cardex, and does not affect the entire Abstract Global Wallet (AGW) network. Users are advised to temporarily refrain from interacting with the Cardex application, and an investigation into the specific cause is underway with updates expected soon.
Next news:FTX has initiated the process of distributing an initial payout of $1.2 billion to its creditors. This development comes a year after the collapse of Sam Bankman-Fried's empire, which was triggered by a CoinDesk report. The recovery amount is unexpectedly high, indicating a positive turn for the creditors involved.
Next news:
According to the announcement released by the Securities and Exchange Commission (SEC), the XRP ETF 19b-4 filing submitted by Bitwise has been confirmed by the SEC. This submission is part of the SEC's process of soliciting public comments.
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.