SoSo Daily Mar 19 | Michael Saylor's Plan to Fund Bitcoin Purchases with New Preferred Stock

Let's turn our attention to today's overall Crypto market situation.
As of 11:59 PM on March 18, 2025, according to sosovalue, the total market cap of the crypto market stands at 2.81 trillion US dollars, witnessing a decrease of 3.1% compared to yesterday; the total trading volume is 83.93 billion US dollars, marking an increase of 0.16% 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 12:00 Hong Kong time, according to sosovalue, the top five gainers are:
Top 1 gainer is NEIRO. As of 23:50 today, its market cap is 19.42K, with a coin price of 0.000019417 USD, witnessing a 24-hour increase of 511%.
The second is PAW. As of 23:50 today, its coin price is 0.000000030390 USD, with a 24-hour increase of 327%.
The third is GOATS. As of 23:50 today, its coin price is 0.00019106 USD, showing a 24-hour increase of 93.8%.
In fourth place is BMT. As of 23:50 today, its coin price is 0.26740 USD, with a 24-hour rise of 81.7%.
In fifth place is CATS. As of 23:50 today, its coin price is 0.000010500 USD, increasing by 37.6% over the last 24 hours.




Let's go through the Crypto news worth paying attention today according to sosovalue:
The first is:MicroStrategy's Executive Chairman, Michael Saylor, is planning to fund additional Bitcoin purchases by issuing new preferred stock. This strategy aims to leverage the company's financial resources to increase its Bitcoin holdings, reflecting Saylor's continued bullish stance on the cryptocurrency.
Next news:EOS has rebranded to Vaulta, marking a strategic shift towards Web3 banking. The rebranding reflects the company's new focus and direction in the evolving digital finance landscape. Yyves La Rose, the founder and CEO of the Vaulta Foundation, is leading this transition.
Next news:Boerse Stuttgart's digital arm, BX Digital, has received approval from the Swiss Financial Market Supervisory Authority (FINMA) to engage in digital asset trading. This approval marks a significant step for Boerse Stuttgart as it expands its digital asset services. The Stuttgart Stock Exchange, which owns Boerse Stuttgart Digital, is now positioned to enhance its offerings in the digital financial market.
Next news:Xapo Bank has launched a new service offering bitcoin-backed U.S. dollar loans up to $1 million for its members. These loans are secured by bitcoin holdings and come with flexible repayment terms ranging from 30 to 365 days, with loan-to-value ratios between 20% and 40%. This move aims to restore trust in crypto lending, which was damaged by the collapse of lenders like Celsius and BlockFi in 2022. Xapo Bank, a fully licensed bank, differentiates itself by providing a regulated and trusted platform. The service allows members to access liquidity without selling their bitcoin, preserving its long-term value. Members can calculate borrowing limits and repayment details via the Xapo Bank app, with funds deposited instantly upon approval. Early repayment is penalty-free, and additional borrowing is possible after affordability checks. Xapo Bank, founded in 2013, has evolved from a Bitcoin wallet to a digital-first bank, offering secure and flexible financial solutions.
Next news:

The main DeFi protocol of Filecoin, the GLIF protocol, has launched its governance token GLF and distributed 94 million tokens through an airdrop, accounting for 9.4% of the total supply of GLF. GLIF initially planned to airdrop 100 million tokens but adjusted this based on participation, with the remaining tokens returning to the community reward pool for distribution later. GLIF is expanding its business and plans to support more decentralized physical infrastructure networks (DePINs). (TheBlock)

Next news:Crossmint, an enterprise blockchain company, has raised $23.6 million in a funding round led by Ribbit Capital. Other investors include Franklin Templeton, Nyca, First Round, Lightspeed Faction, and HF0. The funds will be used to enhance AI agent infrastructure and enterprise blockchain tools. Crossmint aims to simplify web3 product development, eliminating the need for companies to hire blockchain engineers. The platform is used by over 40,000 companies and developers, with a 1,100% growth in subscriptions over the past year. Crossmint supports over 40 blockchains and acquired NFT payments platform Winter in February 2024.
Next news:

According to Wu, Coinbase has launched Verified Pools, providing access to compliant and transparent on-chain liquidity pools for eligible institutional and retail users. This feature conducts KYC verification through Coinbase Verifications, reducing counterparty risk while optimizing trading efficiency and costs using the Uniswap v4 protocol and the Base network. Verified Pools are currently open to users in the United States, Singapore, the Netherlands, the British Virgin Islands, the Cayman Islands, and the Channel Islands.

Next news:

Blockchain payment company Halliday has completed a $20 million funding round, led by a16z, with participation from Avalanche Blizzard Fund, Credibly Neutral, and others. Previously, Halliday raised $6 million from a16z in 2022. Halliday's CEO and co-founder Griffin Dunaif stated that the company collaborates with charter banks, payment service providers, and other financial institutions interested in blockchain technology to help them accelerate their entry into the field by designing streamlined financial workflows. (Fortune)

Next news:According to reports, Wu has learned that Nasdaq is submitting a rule change application to the U.S. Securities and Exchange Commission (SEC) regarding the listing and trading of the 21Shares Polkadot Trust.
Next news:According to Bloomberg, ARK Investment Management founder and CEO Cathie Wood stated that most memecoins may ultimately become "worthless" and warned investors to proceed with caution. She pointed out that the combination of blockchain technology and AI is giving rise to "millions" of memecoins, but her private equity fund will not invest in these assets. Wood believes that memecoins may become "digital collectibles" in the future, with a few that can withstand the test of time, potentially including the memecoin launched by Trump. Meanwhile, she reiterated her bullish outlook on major crypto assets such as Bitcoin, Ethereum, and Solana, believing that their use cases are expanding, and she expects Bitcoin to potentially exceed 1 million dollars by 2030.

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.