SoSo Daily Mar 4 | The SoSoValue Index Token MAG7.ssi, which includes five crypto assets from the U.S. national reserve, has surged over 18% in the past two hours.

Let's turn our attention to today's overall Crypto market situation.
As of 11:59 PM on March 3, 2025, according to sosovalue, the total market cap of the crypto market stands at 2.94 trillion US dollars, witnessing a decrease of 11.3% compared to yesterday; the total trading volume is 205.53 billion US dollars, marking a decline of 1.13% 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 23:50 Hong Kong time, according to sosovalue, the top five gainers are:
Top 1 gainer is Neiro on ETH. As of 23:50 today, its market cap is 66.01K, with a coin price of 0.000066012 USD, witnessing a 24-hour increase of 434%.
The second is Maro. As of 23:50 today, its coin price is 0.0010399 USD, with a 24-hour increase of 203%.
The third is Plian. As of 23:50 today, its coin price is 0.00055900 USD, showing a 24-hour increase of 57%.
In fourth place is Aladdin DAO. As of 23:50 today, its coin price is 0.029200 USD, with a 24-hour rise of 39%.
In fifth place is Jeo Boden. As of 23:50 today, its coin price is 0.0037380 USD, increasing by 35.7% over the last 24 hours.




Let's go through the Crypto news worth paying attention today according to sosovalue:
The first is:

According to ChainCatcher, after U.S. President Trump announced the advancement of a strategic reserve of cryptocurrencies including $BTC, $ETH, XRP, SOL, and ADA, the SoSoValue Index Token MAG7.ssi surged over 18% in the past two hours.

Reportedly, MAG7.ssi is an index token issued on the Base chain, covering the top seven crypto assets by market capitalization, including the five tokens mentioned by Trump. As a result of this news, XRP within the index surged 32% in a short period, and ADA skyrocketed 67%, driving the overall increase of the MAG7.ssi index fund token.

As of now, the TVL (Total Value Locked) of the SoSoValue Index Token MAG7.ssi has reached $153 million, with a total of 162,522 holders. Additionally, the SoSoValue platform token SOSO has surged over 15% within an hour.

Next news:The price of Bitcoin fell back below 90 thousand after a sharp fluctuation on Sunday.
Next news:The U.S. Securities and Exchange Commission (SEC) is reportedly planning to drop its case against the cryptocurrency exchange Kraken. This development comes as Kraken's former COO, Dave Ripley, takes over as the new CEO. The case was initially part of the SEC's broader scrutiny of cryptocurrency exchanges. The decision to drop the case could have significant implications for Kraken and the wider cryptocurrency market.
Next news:Representatives Torres and Emmer have joined forces to establish the 'Congressional Crypto Caucus'. This initiative aims to influence and shape the United States' policy on digital assets. The caucus will focus on creating a regulatory framework that supports innovation while ensuring consumer protection and financial stability. This move highlights the growing importance of cryptocurrency in legislative discussions and the need for clear guidelines in the digital asset space.
Next news:Tether has appointed Simon McWilliams as its new Chief Financial Officer (CFO). This move comes as the company is making efforts towards achieving a full audit of its financials. Tether, known for its USDT stablecoin, is focusing on enhancing transparency and accountability in its operations. The appointment of McWilliams is seen as a strategic step in bolstering the company's financial management and audit processes.
Next news:The U.S. Senate is expected to vote on the repeal of the IRS cryptocurrency broker rule that threatens decentralized finance.
Next news:Previously, a whale on Hyperliquid opened a $13.45 million Bitcoin short position with 50x leverage.
Next news:Hut 8 Mining Corp reported a net income of $331 million for the year 2024. The company is also focusing on expanding its AI infrastructure, indicating a strategic shift towards integrating advanced technologies in its operations.
Next news:Aave has expanded its lending markets to Sonic, a blockchain that evolved from Fantom, marking its first Layer 1 expansion this year. This move follows a governance proposal approved by the Aave community. Sonic, which rebranded from Fantom and launched its mainnet in December 2024, offers a revenue-sharing model that allows protocols like Aave to earn from transaction fees. Aave's expansion is supported by significant liquidity commitments, including funding from the Sonic Foundation and incentives. Concurrently, Aave has decided to cease lending on the Polygon PoS chain due to risk concerns, despite Polygon's rejection of a related proposal. Aave continues to operate on multiple chains, with a total value locked exceeding $19 billion.
Next news:

According to @EntropyAdvisors data dashboard, the Ethena stablecoin USDe experienced its largest single-day redemption ever on March 1, with approximately 268 million USDe redeemed, resulting in a total decrease of about 4.7%. The largest redeemers on that day were from 0x59...705d (180 million) and Sky (70 million).

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.