SoSo Daily Feb 26 | SoSoValue Season 2 SSI token staking and SOSO Boost feature launched, with 6.72 million tokens staked within 2 hours
Crypto Market Overview
Let's turn our attention to today's overall Crypto market situation.
As of 11:59 PM on February 25, 2025, according to sosovalue, the total market cap of the crypto market stands at 3.04 trillion US dollars, witnessing a decrease of 4.01% compared to yesterday.
The total trading volume is 251.11 billion US dollars, marking an increase of 63.9% from the previous day.
According to sosovalue, the price of $BTC is 88,738 USD, a decrease of 3.07% from yesterday. The market cap of $BTC is 1.76 trillion USD, accounting for 57.8% of the total market cap; $BTC's 24-hour trading volume is 86.77 billion USD, making up 34.6% of the total trading volume.
The price of $ETH is 2,495.7 USD, down 0.709% from yesterday; the market cap of $ETH is 300.92 billion USD, representing 9.89% of the total market cap; $ETH's 24-hour trading volume is 43.63 billion USD, comprising 17.4% of the total trading volume.
The combined market capitalization of $BTC and $ETH accounts for 67.69% of the total cryptocurrency market cap, and their combined trading volumes constitute 52% 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 Alchemist AI. As of 23:50 today, its market cap is 21.51M, with a coin price of 0.025310 USD, witnessing a 24-hour increase of 71.2%.
The second is Open Exchange Token. As of 23:50 today, its coin price is 0.0059600 USD, with a 24-hour increase of 70%.
The third is Exeedme. As of 23:50 today, its coin price is 0.026720 USD, showing a 24-hour increase of 57.5%.
In fourth place is Ben Pasternak. As of 23:50 today, its coin price is 0.00035010 USD, with a 24-hour rise of 46.2%.
In fifth place is CoW Protocol. As of 23:50 today, its coin price is 0.42590 USD, increasing by 45.8% 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, 13 are up and 3 are down. Notably, SocialFi, Layer2, and $BTC sectors are worth mentioning.
SocialFi Sector
The SocialFi sector has risen by 3.36% relative to the UTC 0 time, led by gains in UXLINK (4.52%), chz (4.4%), and bbl (4.27%).
Layer2 Sector
The Layer2 sector has increased by 3.25% relative to UTC 0, with TIA (12.3%), mnw (9.44%), and imx (8.04%) leading the rise.
Let's go through the Crypto news worth paying attention today according to sosovalue:
The first is:
According to Foresight News, on-chain analyst Yujin has monitored that SoSoValue has officially launched the second season of SSI passive index fund token staking and the platform token SOSO staking Boost feature. On-chain data shows that within just 2 hours of the event's launch, the SOSO staking volume has reached 6.72 million tokens, accounting for 44.8% of the total EXP airdrop volume from the first season. According to the SSI staking airdrop event page data, the current APY for SSI staking is 64% after users activate the Boost feature.
According to DefiLlama, the TVL of the SSI index protocol has now reached $176 million, accounting for 6.08% of the total TVL on the Base network. Additionally, in the TVL rankings of the Uniswap liquidity pools on the Base chain, three out of the top four positions are occupied by SSI index tokens, demonstrating strong market demand and liquidity advantages.
Next news:The U.S. Securities and Exchange Commission (SEC) has terminated its investigation into Uniswap Labs. This move follows the agency's conclusion of similar investigations into other major participants in the cryptocurrency industry. Uniswap is the creator of the world's largest decentralized crypto exchange and received a Wells notice from the SEC last year, accusing it of operating as an unregistered exchange and broker-dealer. Under the leadership of new acting chair Mark T. Uyeda, the SEC is retracting several previous enforcement actions against the crypto industry. Uyeda has appointed Republican commissioner Hester Peirce to lead a "crypto task force" to collaborate with industry representatives on developing crypto-specific regulations. Amanda Tuminelli, the chief legal officer of the DeFi Education Fund, noted that the SEC's action is significant and provides more confidence to DeFi companies.
Next news:Aya Miyaguchi, the Executive Director of the Ethereum Foundation, will be promoted to the position of President of the non-profit organization, coinciding with a period when her leadership is under public scrutiny from members of the Ethereum community. According to a blog post, this decision has been in the works for a year. The new role will allow Miyaguchi to continue supporting the foundation's institutional relations and community development. Ethereum co-founder Vitalik Buterin stated that the foundation is working to improve its leadership structure and has nominated former researcher Danny Ryan as the new Executive Director. The foundation has faced criticism for a lack of transparency and complex structure, but Buterin is taking steps to make the organization more inclusive.
Next news:The U.S. spot Bitcoin ETF experienced over $500 million in net outflows on Monday, marking the fifth largest outflow since its launch in January 2024. Fidelity's FBTC led the net outflows with an amount of $247 million, followed by BlackRock's IBIT and Grayscale's GBTC products. The total net outflows for the spot Bitcoin ETF over five days reached $1.07 billion. Meanwhile, the U.S. spot Ethereum ETF also saw a net outflow of $78 million on Monday. Despite this, the cumulative net inflows for Bitcoin funds still exceed $39 billion. Trading volume slightly increased to $3.80 billion on Monday. Cryptocurrency prices fell, with Bitcoin and Ethereum dropping by 7.6% and 11.2%, respectively. Solana and XRP saw even larger declines of 14.4% and 13%. Analysts pointed out that the LIBRA scam and the Bybit hack incident may have affected market sentiment. Nevertheless, analysts remain optimistic about cryptocurrencies and suggest continuing to invest heavily.
Next news:Bybit, a cryptocurrency exchange, has announced a campaign against the Lazarus Group, a notorious hacking group, to recover approximately $1.5 billion in stolen crypto funds. The exchange is crowdsourcing efforts to freeze the stolen assets and prevent further losses. This initiative highlights the ongoing challenges faced by crypto platforms in securing digital assets against sophisticated cyber threats.
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Next news:
Regarding the recent widespread reports online about Binance user accounts being hacked, with hackers stealing coins through red envelopes, Binance co-founder He Yi stated that the user's email, Binance account, and Google verification were all compromised, and the user was aware that their accounts had been breached.
Next news:Mavryk Dynamics has successfully raised $5.2 million in funding to advance its blockchain technology aimed at real-world asset ownership. This investment will support the company's efforts to integrate blockchain solutions into tangible asset management, potentially transforming how assets are owned and traded. The funding round highlights growing investor interest in blockchain applications beyond cryptocurrencies.
Next news:
According to Deep Tide TechFlow, on February 25, data from Coinglass shows that the total liquidation amount in the cryptocurrency market in the past 24 hours reached $1.57 billion, with long positions liquidating $1.41 billion and short positions liquidating $155 million.
The liquidation amount for $BTC reached $745 million, $ETH liquidated $300 million, and SOL liquidated $105 million. A total of 381,955 people were liquidated in the past 24 hours, with the largest single liquidation occurring in the BTC-USDT trading pair on HTX, valued at $39.62 million.
Next news:Wu learned that Nasdaq has submitted a 19b-4 application for the Grayscale POLKADOT ETF.
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.