SoSo Daily Mar 19 | EOS has been renamed Vaulta, focusing on Web3 banking services.

Let's turn our attention to today's overall Crypto market situation.
As of 5:59 AM on March 19, 2025, according to sosovalue, the total market cap of the crypto market stands at 2.82 trillion US dollars, witnessing a decrease of 1.36% compared to yesterday; the total trading volume is 83.21 billion US dollars, marking a decline of 1.03% 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 Tutorial tut. As of 05:50 today, its market cap is 22.62M, with a coin price of 0.023812 USD, witnessing a 24-hour increase of 694%.
The second is Neiro on ETH. As of 05:50 today, its coin price is 0.000019417 USD, with a 24-hour increase of 511%.
The third is PAWSWAP. As of 05:50 today, its coin price is 0.000000030390 USD, showing a 24-hour increase of 326%.
In fourth place is GOATS. As of 05:50 today, its coin price is 0.00025890 USD, with a 24-hour rise of 152%.
In fifth place is RSS3. As of 05:50 today, its coin price is 0.082980 USD, increasing by 99.1% 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, 13 are up and 3 are down. Notably, SocialFi, Others, and RWA are worth mentioning.
SocialFi sector has risen 3.26% relative to the UTC 0 time, led by gains in rss3 (101%), push (43.3%), and gft (17%).
Others sector has increased 2.49% relative to UTC 0, with BMT (66.1%), trac (22%), and loom (17.8%) leading the rise.
RWA sector has risen 2.45%, with nxra (10.6%), mkr (9.47%), and PLUME (7.75%) leading the rise.

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

According to SoSoValue, as of March 18th (Eastern Time), Bitcoin spot ETFs experienced a total net inflow of $209.12M.

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 $1.11B.

The Bitcoin spot ETF with the highest net inflow for the day was BlackRock's ETF IBIT, with a daily net inflow of $218.12M, with IBIT's total historical net inflow reaching $39.50B.

As of this writing, the total net asset value of Bitcoin spot ETFs stands at $91.97B, with the ETF net asset ratio (the market value relative to the total market value of Bitcoin) reaching 5.65%. The historical cumulative net inflow has reached $35.79B.

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

Next news:

According to Blockworks, Solana DEX and automated market maker Raydium will launch a token issuance platform called LaunchLab, which will initially be based on the pump fun architecture. LaunchLab will provide multiple curve-matching tokens to meet supply and demand and will allow third-party UIs to set fees. LaunchLab aims to offer options for teams that do not want to develop projects from scratch and support liquidity migration for Raydium AMM v4. Additionally, LaunchLab will support multiple quoted tokens and integrate Raydium's liquidity provider locking tools. Previously, pump fun planned to launch its own AMM, adjusting its collaboration model with Raydium.

Next news:

According to Decrypt, the U.S. Department of Justice has dropped charges against Nader Al-Naji, the founder of the decentralized social network BitClout. Court documents show that federal prosecutors in New York requested to withdraw the fraud charges against him on February 28, without any preconditions. Last year, the Department of Justice accused Al-Naji of defrauding investors out of 3 million dollars through his crypto project and misappropriating funds for personal luxury living. Al-Naji, a former Google engineer, created the BitClout platform to tokenize Twitter personalities, attracting well-known investors such as Andreessen Horowitz, Coinbase Ventures, and the Winklevoss twins, but the project has faced controversy due to delays and criticism. Currently, the SEC and the Department of Justice have not responded to requests for comments.

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.
Next news:

Wu learned that David Sacks, the "Crypto Czar" and head of AI and cryptocurrency affairs at the White House, clarified his previous reports regarding the handling of cryptocurrency assets. He stated, "I did not 'sell off' my cryptocurrency; rather, I 'divested' it. Clearly, I did not want to do this, but government ethics rules required me to do so."

Next news:The stablecoin bill in Congress is raising significant questions about the future of banking. Traditional financial institutions and fintech startups are responding to President Trump's support for digital assets by developing crypto strategies. The advancement of stablecoin legislation in the Senate Banking Committee is expected to accelerate the launch of crypto products. Companies like Revolut Ltd. and Robinhood Markets Inc. are leading the way by showing interest in creating their own stablecoins, which are cryptocurrencies designed to track the US dollar or other real-world assets. The legislation could pave the way for more firms to enter the stablecoin market.
Next news:

According to Wu, data from SoSoValue reveals that yesterday (Eastern Time, March 18), the total net outflow of Ethereum spot ETFs was $52.82 million, marking a continuous 10-day net outflow. The largest single-day net outflow was from Blackrock's Ethereum ETF ETHA, with a net outflow of $40.17 million; currently, ETHA has a historical total net outflow of $4.11 billion. As of now, the total net asset value of Ethereum spot ETFs stands at $6.56 billion, with the ETF net asset ratio (market value as a percentage of Ethereum's total market value) reaching 2.85%, and the historical cumulative net inflow has reached $2.46 billion.

Next news:

The Bank of Japan's target interest rate is 0.5% as of March 19, with expectations also at 0.5% and the previous value at 0.50%. The Bank of Japan has maintained the interest rate, in line with market expectations.

Next news:

According to Wu, the Ethereum Foundation has stated that the activation of the Pectra testnet has revealed client issues related to deposit contract configuration changes on the Ethereum testnet. The recovery of Sepolia was straightforward, and the network has fully recovered; however, Holesky experienced a significant amount of inactive leaks during its recovery mechanism. In response, a new testnet will be launched: Hoodi. It will activate the Pectra network upgrade in epoch 2048 (Wednesday, March 26, 2025, 15:37:12 UTC+8). Additionally, to allow for migration time, the Holesky testnet will be supported until September 2025. All other Pectra functionalities, except for validator exits, can be tested on Holesky.

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.