SoSo Daily Mar 18 | Robinhood Launches Prediction Market Center, Drawing on the Success of Polymarket

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 Crypton. As of 23:50 today, its market cap is 14.79K, with a coin price of 0.0013000 USD, witnessing a 24-hour increase of 202%.
The second is X Empire. As of 23:50 today, its coin price is 0.000082110 USD, with a 24-hour increase of 97.8%.
The third is Heroes of Mavia. As of 23:50 today, its coin price is 0.45720 USD, showing a 24-hour increase of 73.1%.
In fourth place is neur.sh. As of 23:50 today, its coin price is 0.0044000 USD, with a 24-hour rise of 69%.
In fifth place is Bubblemaps. As of 23:50 today, its coin price is 0.14700 USD, increasing by 60.5% over the last 24 hours.




Let's go through the Crypto news worth paying attention today according to sosovalue:
The first is:Robinhood has launched a new prediction market hub, inspired by the success of the crypto-based platform Polymarket. This move marks Robinhood's entry into the prediction market space, leveraging its existing user base and platform capabilities. The new hub aims to provide users with a platform to make predictions on various market outcomes, potentially increasing user engagement and diversifying Robinhood's offerings.
Next news:Standard Chartered has revised its year-end price target for Ether, reducing it to $4,000. The bank suggests that Ether is experiencing a structural decline, which has influenced this adjustment. This reflects a more cautious outlook on the cryptocurrency's performance by the end of the year.
Next news:Last week (March 3 to March 7, ET), Bitcoin spot ETF had a net outflow of US$799 million; Fidelity ETF FBTC had a net outflow of US$201 million; Ethereum spot ETF had a net outflow of US$120 million.
https://t.co/YanotfbWiJ
Next news:Ethena Labs and Securitize have announced the launch of Converge, a new Ethereum-compatible blockchain designed for institutional use in the DeFi space. Converge aims to enhance accessibility for institutions by offering compliant settlement and custodial services, integrating a native KYC wrapper, and providing access to whitelisted investment products. Ethena plans to transition its $6 billion DeFi ecosystem to this new platform. The network will support both permissionless and permissioned applications, with major DeFi protocols like Aave and Maple Finance as launch partners. Securitize will use Converge for issuing tokenized assets, including new products like leveraged credit and perpetual swaps. The launch is expected in Q2 2025, with the network secured by validators staking Ethena's ENA token.
Next news:Canary Capital Group has filed for a Sui exchange-traded fund (ETF) with the U.S. Securities and Exchange Commission, potentially introducing the first Sui ETF in the U.S. This move comes as the SEC shows a more favorable stance towards cryptocurrency investments. The Sui ETF would follow World Liberty Financial's plans to include SUI in its reserves. Canary Capital CEO Steven McClurg highlighted the growing developer interest in the SUI ecosystem, noting its rapid rise in market cap. While Sui investment products exist, such as the Grayscale Sui Trust, a Sui ETF would be publicly traded. The filing marks Canary's sixth crypto ETF attempt, alongside others like Litecoin and Solana. Sui, a Layer 1 blockchain by Mysten Labs, has a market cap of $7.4 billion, with its token price recently rising to $2.35.
Next news:YZi Labs has invested in Plume Network, a blockchain platform designed for Real World Assets (RWAs). Plume aims to integrate RWAs into a composable RWAfi ecosystem, bridging DeFi and traditional finance. With over 18 million wallets and 180 protocol partnerships, Plume facilitates the use of various assets like financial instruments and carbon credits. The investment will help Plume expand its market presence and onboard more financial institutions. YZi Labs supports Plume's mission to make RWAs as accessible as digital assets, enhancing the RWAfi ecosystem.
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According to SoSoValue, as of March 14th (Eastern Time), Bitcoin spot ETFs experienced a total net inflow of $32.12M.

Yesterday, Grayscale's ETF GBTC had a net outflow of $0.00 , bringing GBTC's total historical net outflow to $22.50B.

Grayscale Bitcoin Mini Trust ETF $BTC had a net outflow of $ 0.00 ，bringing Grayscale Bitcoin Mini Trust ETF $BTC's total historical net inflow to $1.09B.

The Bitcoin spot ETF with the highest net inflow for the day was Ark Invest and 21Shares's ETF ARKB, with a daily net inflow of $100.52M, with ARKB's total historical net inflow reaching $2.59B.

Following that, Bitwise's ETF BITB had a daily net inflow of $23.04M, with BITB's total historical net inflow reaching $2.03B.

As of this writing, the total net asset value of Bitcoin spot ETFs stands at $93.54B, with the ETF net asset ratio (the market value relative to the total market value of Bitcoin) reaching 5.61%. The historical cumulative net inflow has reached $35.30B.

Source: https://sosovalue.com/assets/etf

Next news:Kraken, a major cryptocurrency exchange, is planning to launch a colocation service to offer superfast trading capabilities. This service aims to enhance trading speed and efficiency for its users.
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According to Wu, Hashdex Nasdaq Crypto Index US ETF submitted a valid amendment to the S-1 form to the SEC on March 14. The document shows that before the index change date, the index components included Bitcoin and Ethereum. After the index change date, it is expected that the index components will include Bitcoin, Ethereum, SOL, XRP, ADA, LINK, AVAX, LTC, and UNI. Each index component operates on its respective network.

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.