SoSo Daily Mar 28 | Paul Atkins, the SEC chairman nominee appointed by Trump, has faced criticism from Senator Elizabeth Warren due to his connections to cryptocurrency.
Let's turn our attention to today's overall Crypto market situation.
As of 11:59 PM on March 27, 2025, according to sosovalue, the total market cap of the crypto market stands at 2.95 trillion US dollars, witnessing a decrease of 1.43% compared to yesterday; the total trading volume is 92.07 billion US dollars, marking a decline of 2.41% from the previous day.
Cryptocurrency Market Update
According to sosovalue, the price of $BTC is 87,239 USD, an increase of 0.379% from yesterday. The market cap of $BTC is 1.73 trillion USD, accounting for 58.7% of the total market cap; $BTC's 24-hour trading volume is 24.75 billion USD, making up 26.9% of the total trading volume.
The price of $ETH is 2,003.8 USD, down 0.287% from yesterday; the market cap of $ETH is 241.75 billion USD, representing 8.2% of the total market cap; $ETH's 24-hour trading volume is 12.28 billion USD, comprising 13.3% of the total trading volume.
The combined market capitalization of $BTC and $ETH accounts for 66.9% of the total cryptocurrency market cap, and their combined trading volumes constitute 40.2% 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 03:00 Hong Kong time, according to sosovalue, the top five gainers are:
Top 1 gainer is NEIRO. As of 03:00 today, its market cap is 98.78K, with a coin price of 0.000098783 USD, witnessing a 24-hour increase of 700%.
The second is XPET. As of 03:00 today, its coin price is 0.029000 USD, with a 24-hour increase of 68.9%.
The third is PET. As of 03:00 today, its coin price is 0.015770 USD, showing a 24-hour increase of 53.7%.
In fourth place is KILT. As of 03:00 today, its coin price is 0.056500 USD, with a 24-hour rise of 43.4%.
In fifth place is BERRY. As of 03:00 today, its coin price is 0.00020000 USD, increasing by 43.3% over the last 24 hours.
Sector Performance in the Crypto Market
According to sosovalue, out of 16 sectors, 11 are up and 5 are down. Notably, the SocialFi, Others, and CeFi sectors are worth mentioning.
SocialFi Sector
The SocialFi sector has risen by 8.2% relative to the UTC 0 time, led by gains in b3tr (112%), pts (96%), and berry (17.8%).
Others Sector
The Others sector has increased by 3.19% relative to UTC 0, with WAL (165%), block (56.6%), and L3 (41.4%) leading the rise.
CeFi Sector
The CeFi sector has risen by 2.53%, with qash (19.1%), cro (5.78%), and wrx (4.5%) leading the rise.
Let's go through the Crypto news worth paying attention today according to sosovalue:
The first is:Paul Atkins, nominated by Donald Trump for the SEC chair position, is facing scrutiny from Senator Elizabeth Warren due to his connections with the cryptocurrency industry. This scrutiny comes ahead of his confirmation hearing, highlighting concerns about potential conflicts of interest and regulatory approaches towards cryptocurrencies.
Next news:
According to Wu, Binance has announced that Binance Launchpool will launch its 66th project - GUNZ (GUN), which is an L1 developed by Gunzilla Games for its AAA game. It is expected to go live within 12 hours before the new token pool starts.
Next news:The Sei Foundation is exploring the acquisition of the bankrupt 23andMe company, marking its boldest decentralized science (DeSci) investment to date. After obtaining judicial approval, 23andMe plans to sell its assets, which include customers' medical and ancestry data. The Sei Foundation intends to deploy 23andMe on the Sei blockchain, ensuring user data sovereignty and allowing users to choose how their data is monetized. Following the announcement, 23andMe's stock rose by 45%.
Next news:
According to reports, Binance has announced the results of the first batch of voting for new tokens, confirming that Mubarak (MUBARAK), CZ’S Dog (BROCCOLI714), Tutorial (TUT), and Banana For Scale (BANANAS31) will go live on March 28, 2025, at 05:00 (GMT+8) and will utilize seed tags. The spot trading pairs for these tokens will include USDT and USDC pairs, with the deposit channels expected to open within one hour and withdrawals anticipated to start on March 29.
Next news:
According to TechFlow reports on March 27, last week, the number of new unemployment claims in the United States decreased, while the unemployment rate seems to remain stable in March. The low layoff rate has alleviated the impact of a significant slowdown in hiring, keeping the labor market on a solid foundation, and the economic expansion is also back on track. However, Trump's aggressive trade policies and ambitious measures to significantly reduce the size of the federal government through large spending cuts and massive layoffs have cast a shadow over the economy.
Although the number of federal government employees applying for unemployment benefits has not increased significantly, there has been a rise in claims from the Washington D.C. metropolitan area, which includes parts of neighboring Maryland and Virginia.
This likely reflects layoffs among contractors and others who rely on government funding. A survey released by the World Federation of Large Enterprises on Tuesday indicated a slight improvement in consumer perceptions of the labor market in March, with economists expecting the unemployment rate to stabilize at 4.1% this month.
Next news:According to Reuters, the French state investment bank Bpifrance has announced the establishment of a new fund of up to 25 million euros, specifically for direct investments in local cryptocurrency projects that have not yet launched on exchanges, to support the development of the crypto business in France. This is its first fund specifically set up for purchasing tokens, having previously invested approximately 150 million euros in blockchain projects. Bpifrance stated that it will focus on investing in small new tokens issued by French teams and may assist them in launching on exchanges.
Next news:
According to Wu, Ethereum core developer @terencechain tweeted that the Ethereum mainnet Pectra upgrade is tentatively scheduled for April 30, with the specific implementation depending on some unresolved minor issues and confirmation from the core developer team's next meeting.
Next news:The U.S. Department of Justice has announced that it has seized $200 thousand worth of cryptocurrency from a terrorism financing scheme linked to Hamas. This action is part of the U.S. government's efforts to combat terrorism financing activities, aimed at cutting off funding sources for terrorist organizations. The Department of Justice stated that this cryptocurrency was laundered through a complex network of transactions involving multiple countries and regions. This seizure demonstrates the U.S. government's technical capabilities and determination in tracking and combating terrorism financing.
Next news:
According to Wu, Arkham monitoring has revealed that the U.S. government address "Sae-Heng Confiscated Funds" transferred 97.33599434 bitcoins (approximately 8.46 million USD) on March 27, 2025, at 17:23:27 (UTC).
Next news:
According to Wu, Coinbase has announced the open-sourcing of its Multi-Party Computation (MPC) cryptographic library, aimed at enhancing the transparency of digital asset key management and the industry's security standards. This library includes implementations for two-party and multi-party signatures of ECDSA and EdDSA, as well as tools for key generation, backup processes, and hierarchical key derivation, complete with documentation, examples, and performance benchmarks. The code is derived from a version used internally at Coinbase and has now been adapted for general use by developers. Coinbase stated that open-sourcing this library can provide a reference for organizations lacking professional teams and encourages community participation in code review and vulnerability reporting.
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.