SoSo Daily Feb 21 | Figure Markets has launched a SEC-registered yield stablecoin to meet the surging demand for tokenized assets.

According to sosovalue, the price of $BTC is 98,305 USD, an increase of 1.81% from yesterday. The market cap of $BTC is 1.95 trillion USD, accounting for 57.9% of the total market cap; $BTC's 24-hour trading volume is 30.95 billion USD, making up 30.1% of the total trading volume.
The price of $ETH is 2,738.1 USD, up 0.868% from yesterday; the market cap of $ETH is 330.10 billion USD, representing 9.81% of the total market cap; $ETH's 24-hour trading volume is 14.74 billion USD, comprising 14.3% of the total trading volume.
The combined market capitalization of $BTC and $ETH accounts for 67.71% of the total cryptocurrency market cap, and their combined trading volumes constitute 44.4% 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 KAITO. As of 23:50 today, its market cap is 35.33M, with a coin price of 1.7664 USD, witnessing a 24-hour increase of 1670%.
The second is Pi Network. As of 23:50 today, its coin price is 0.86670 USD, with a 24-hour increase of 767%.
The third is Neiro on ETH. As of 23:50 today, its coin price is 0.000069593 USD, showing a 24-hour increase of 194%.
In fourth place is Story. As of 23:50 today, its coin price is 5.8340 USD, with a 24-hour rise of 102%.
In fifth place is jelly-my-jelly. As of 23:50 today, its coin price is 0.010493 USD, increasing by 62.6% 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, 15 are up and 1 is down. Notably, AI, RWA, and DePIN sectors are worth mentioning.
AI sector has risen 8.6% relative to the UTC 0 time, led by gains in KAITO (1530%), SEKOIA (44.3%), and arc (31.3%).
RWA sector has increased 5.18% relative to UTC 0, with mkr (21.5%), solo (8.55%), and pendle (8.04%) leading the rise.
DePIN sector has risen 4.81%, with GRASS (14.8%), pokt (13.1%), and honey (10.4%) leading the rise.

Let's go through the Crypto news worth paying attention today according to sosovalue:
The first is:Figure Markets has introduced a new SEC-registered yield-bearing stablecoin, responding to the increasing demand for tokenized assets. This move is part of a broader trend where financial institutions are exploring blockchain technology to offer innovative financial products. The stablecoin aims to provide investors with a secure and regulated option for earning yields, reflecting the growing interest in digital assets. The initiative is led by Mike Cagney, highlighting the company's commitment to expanding its offerings in the digital finance space.
Next news:Binance will launch KAITO U-based perpetual contracts.
Next news:

According to Wu, Vitalik Buterin, the co-founder of Ethereum, stated in his latest tweet that the Ethereum community in Argentina is filled with outstanding developers who have made significant contributions to the Ethereum ecosystem. Vitalik emphasized his confidence in the contributions of Argentina and the Latin American region in the crypto field, believing that education is crucial in this process. Vitalik also mentioned that Argentina might become the host of the Devconnect conference.

Next news:Wu reported that Fox Business reporter Eleanor Terrett tweeted that sources revealed the U.S. Securities and Exchange Commission (SEC) has shown a strong interest in staking, even requesting the industry to provide a memorandum regarding different types of staking and their benefits. The source expects that the SEC will soon release guidance on staking. Last week, staff from the SEC's Division of Trading and Markets participated in a staking webinar co-hosted with industry participants.
Next news:The European Central Bank plans to develop a settlement system for distributed ledger transactions.
Next news:

Odaily Planet Daily reported that the U.S. Securities and Exchange Commission (SEC) announced today the establishment of the Cyber and Emerging Technologies Unit (CETU), which focuses on combating misconduct related to the internet and protecting retail investors from bad actors in the emerging technology space. Led by Laura D'Allaird, CETU replaces the previous Crypto Assets and Cyber Unit and is composed of approximately 30 fraud experts and attorneys from various SEC offices. Specifically, CETU will leverage its staff's extensive experience in fintech and internet-related matters to combat misconduct related to the following priority areas of securities trading: fraud implemented using emerging technologies such as artificial intelligence and machine learning; fraud conducted through social media, the dark web, or fake websites; hacking to obtain material non-public information; acquisition of retail brokerage accounts; fraud involving blockchain technology and crypto assets; compliance of regulated entities with cybersecurity rules and regulations; and fraudulent disclosures by public issuers related to cybersecurity.

Next news:SynFutures, a decentralized exchange (DEX), has launched an AI-powered trading agent. This new feature aims to enhance trading efficiency and decision-making for users by leveraging artificial intelligence. The AI agent is designed to analyze market trends and execute trades automatically, providing a more streamlined and potentially profitable trading experience. This development is part of SynFutures' ongoing efforts to integrate advanced technologies into its platform.
Next news:Onramp and Arch have introduced a new lending service that uses Bitcoin as collateral. This service allows users to leverage their Bitcoin holdings to secure loans, providing a new financial tool for Bitcoin investors. The collaboration aims to offer more flexibility and options in the cryptocurrency lending market.
Next news:

The number of initial jobless claims in the U.S. for the week ending February 15 was 219 thousand, slightly above the expected 215 thousand. The previous value was revised from 213 thousand to 214 thousand.

Next news:KAITO has opened on-chain at a tentative price of $1.14.

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.