SoSo Daily Apr 11 | U.S. stock index futures decline further.
Crypto Market Overview
Let's turn our attention to today's overall Crypto market situation.
As of 12:01 AM on April 11, 2025, according to sosovalue, the total market cap of the crypto market stands at 2.62 trillion US dollars, witnessing a decrease of 5.76% compared to yesterday; the total trading volume is 118.29 billion US dollars, marking a decline of 43.1% from the previous day.
Cryptocurrency Market Update
According to sosovalue, the price of $BTC is 79,562 USD, a decrease of 3.7% from yesterday. The market cap of $BTC is 1.58 trillion USD, accounting for 60.2% of the total market cap; $BTC's 24-hour trading volume is 43.21 billion USD, making up 36.5% of the total trading volume.
The price of $ETH is 1,520.2 USD, down 8.94% from yesterday; the market cap of $ETH is 183.46 billion USD, representing 7% of the total market cap; $ETH's 24-hour trading volume is 21.21 billion USD, comprising 17.9% of the total trading volume.
The combined market capitalization of $BTC and $ETH accounts for 67.2% of the total cryptocurrency market cap, and their combined trading volumes constitute 54.4% 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 12:00 Hong Kong time, according to sosovalue, the top five gainers are:
Top 1 gainer is PumpBTC. As of 00:00 today, its market cap is 13.68M, with a coin price of 0.048000 USD, witnessing a 24-hour increase of 380%.
The second is bAI Fund. As of 00:00 today, its coin price is 0.0049400 USD, with a 24-hour increase of 349%.
The third is Amnis Finance. As of 00:00 today, its coin price is 0.071690 USD, showing a 24-hour increase of 32%.
In fourth place is tomiNet. As of 00:00 today, its coin price is 0.0034340 USD, with a 24-hour rise of 27.4%.
In fifth place is LUCE. As of 00:00 today, its coin price is 0.011890 USD, increasing by 24.4% over the last 24 hours.
Sector Performance in the Crypto Market
According to sosovalue, out of 16 sectors, 1 is up and 15 are down. Notably, the RWA, SocialFi, and $ETH sectors are worth mentioning.
RWA Sector
The RWA sector has fallen by 5.4% relative to the UTC 0 time, led by declines in smt (-18.4%), lto (-12%), and MGT (-11.3%).
SocialFi Sector
The SocialFi sector has decreased by 6.64% relative to UTC 0, with pts (-22.3%), b3tr (-13.2%), and mlk (-10.2%) leading the drop.
Let's go through the Crypto news worth paying attention today according to sosovalue:
The first is:
According to Deep Tide TechFlow news on April 10, as reported by Jin10 Data, the decline in the three major U.S. stock index futures has widened, with Nasdaq futures down over 2%, S&P 500 futures down 1.7%, and Dow futures down 1.2%.
Next news:
According to TechFlow, on April 10, Jinshi Data reported that the U.S. inflation rate in March dropped to 2.4%, exceeding expectations. The Federal Reserve is considering how to respond to Trump's shift in stance on tariffs. The Consumer Price Index (CPI) year-on-year, released by the U.S. Bureau of Labor Statistics on Thursday, was lower than February's 2.8% and also below economists' forecast of 2.5%.
The data also showed that the core inflation rate in January rose by 2.8% year-on-year, down from 3.1% in February and lower than economists' expectation of 3%. The Federal Reserve is facing a dilemma: whether to cut interest rates to prevent a potential economic slowdown triggered by Trump's comprehensive tariffs on U.S. trading partners, or to raise rates to curb rising inflation.
Next news:
In March, the unadjusted CPI in the United States had a year-on-year rate of 2.4%, expected to be 2.60%, and the previous value was 2.80%. The seasonally adjusted CPI in the United States for March had a month-on-month rate of -0.1%, expected to be 0.10%, and the previous value was 0.20%. The unadjusted core CPI in the United States for March had a year-on-year rate of 2.8%, expected to be 3.00%, and the previous value was 3.10%. The seasonally adjusted core CPI in the United States for March had a month-on-month rate of 0.1%, expected to be 0.30%, and the previous value was 0.20%.
Next news:
According to Deep Tide TechFlow news, on April 10, HTX market data shows that $BTC has fallen below $82,000, currently reported at $81,873, with a 24-hour increase narrowing to 8.5%.
Next news:
According to Wu, monitored by EmberCN, an $ETH whale that was on the brink of liquidation multiple times sold 26,881 $ETH (approximately 42.04 million DAI) in the past hour and a half, paying off all its borrowings and unloading leverage, thus ending the liquidation pressure. This whale had previously reduced its position multiple times before liquidation to lower the liquidation threshold. After this sell-off, it still holds 11,600 $ETH (approximately 18.26 million).
Next news:
Nasdaq has submitted a rule change application to the U.S. SEC to list the Avalanche (AVAX) spot ETF launched by VanEck on the exchange. This application comes about a month after VanEck's initial ETF proposal and closely follows a similar application submitted by Grayscale. Bloomberg analyst James Seyffart stated that the market generally expects the AVAX and DOGE spot ETFs to be approved eventually, with AVAX likely to be approved by the end of December this year, and DOGE possibly in mid-October. (Decrypt)
Next news:Wu learned that OKX has announced a collateral mirror program for tokenized money market funds in collaboration with Standard Chartered, Brevan Howard, and Franklin Templeton under the Dubai VARA framework, with Standard Chartered acting as the independent custodian. This program allows institutions to use cryptocurrencies and tokenized assets as trading collateral, enhancing capital efficiency and risk protection, and aims to connect traditional finance with crypto infrastructure while complying with high regulatory standards.
Next news:Meanwhile, a bitcoin life insurance startup based in Bermuda, has raised $40 million in a Series A funding round co-led by Framework Ventures and Fulgur Ventures. This follows $20.5 million in prior seed financing. The company offers a $BTC Whole Life insurance product, which provides tax-advantaged growth and a guaranteed payout in bitcoin. Meanwhile aims to provide financial services that preserve wealth in regions with high inflation or currency instability. The firm is regulated by the Bermuda Monetary Authority and is also working on a $100 million $BTC Private Credit Fund to offer institutional investors exposure to bitcoin.
Next news:
According to Foresight News, monitoring by Yu Jin shows that a certain address has sold another 9,000 $ETH in the past 20 minutes, exchanging it for 14.01 million USDT. In total, this address has sold 35,881 $ETH in the past 2 hours, with an average selling price of $1,562. The address held approximately 65,000 $ETH on March 11.
According to Foresight News, monitoring by Yu Jin shows that a certain address has sold another 9,000 $ETH in the past 20 minutes, exchanging it for 14.01 million USDT. In total, this address has sold 35,881 $ETH in the past 2 hours, with an average selling price of $1,562. The address held approximately 65,000 $ETH on March 11.
Next news:
According to Wu, Coinbase has announced that Wayfinder (PROMPT) will launch on the Base network. Users are not allowed to transfer this asset through other networks, as it may result in loss of funds. If liquidity conditions are met, the PROMPT-USD trading pair will open for trading in phases later on. WayFinder is an integrated agent of multiple artificial intelligences that can execute smart contracts and complete algorithmic trading on-chain.
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.