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SoSo Daily Apr 13 | The United States has announced exemptions from "reciprocal tariffs" on various products including chips, laptops, and smartphones.

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SoSo Newsletter
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Apr 13, 2025


Crypto Market Overview


Let's turn our attention to today's overall Crypto market situation.


As of 12:01 AM on April 13, 2025, according to sosovalue, the total market cap of the crypto market stands at 2.80 trillion US dollars, witnessing an increase of 1.04% compared to yesterday; the total trading volume is 80.10 billion US dollars, marking a decline of 24.2% from the previous day.





Cryptocurrency Market Update


According to sosovalue, the price of $BTC is 85,345 USD, an increase of 2.4% from yesterday. The market cap of $BTC is 1.69 trillion USD, accounting for 60.4% of the total market cap; $BTC's 24-hour trading volume is 22.42 billion USD, making up 28% of the total trading volume.


The price of $ETH is 1,644.7 USD, up 5.12% from yesterday; the market cap of $ETH is 198.49 billion USD, representing 7.08% of the total market cap; $ETH's 24-hour trading volume is 11.75 billion USD, comprising 14.7% of the total trading volume.


The combined market capitalization of $BTC and $ETH accounts for 67.48% of the total cryptocurrency market cap, and their combined trading volumes constitute 42.7% 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 16:00 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 16:00 today, its coin price is 0.0049400 USD, with a 24-hour increase of 349%.
The third is Amnis Finance. As of 16:00 today, its coin price is 0.071690 USD, showing a 24-hour increase of 32%.
In fourth place is tomiNet. As of 16:00 today, its coin price is 0.0034340 USD, with a 24-hour rise of 27.4%.
In fifth place is LUCE. As of 16:00 today, its coin price is 0.011890 USD, increasing by 24.4% over the last 24 hours.



Crypto Market Sector Performance


According to sosovalue, out of 16 sectors, 16 are up and 0 are down. Notably, the DePIN, PayFi, and NFT sectors are worth mentioning.



DePIN Sector


The DePIN sector has risen by 6.61% relative to the UTC 0 time, led by gains in AIOZ (29%), HNT (26.3%), and MOBILE (20.4%).




PayFi Sector


The PayFi sector has increased by 6.55% relative to UTC 0, with SVL (14.8%), RUBY (11.3%), and COTI (10.6%) leading the rise.




NFT Sector


The NFT sector has risen by 6.52%, with SUPER (17.4%), RMRK (16%), and PENGU (15.3%) leading the rise.





Let's go through the Crypto news worth paying attention today according to sosovalue:
The first is:According to reports from financial magazines, on the evening of April 11, Eastern Time, the U.S. Customs and Border Protection (CBP) released an update on tariffs. Based on a memorandum signed by President Trump, the U.S. has exempted 20 products under the Harmonized Tariff Schedule of the United States (HTSUS) from "reciprocal tariffs," including integrated circuits (HS 8542), smartphones (HS 8517.13.00), flat panel display modules (HS 8524), computers and parts (HS 8471, 8473.30), semiconductor manufacturing equipment (HS 8486), and others. This move means that the aforementioned goods will no longer be subject to a 125% reciprocal tariff.
Next news:Binance founder Changpeng Zhao (CZ) downplayed a report by The Wall Street Journal regarding his provision of evidence against TRON founder Justin Sun to U.S. prosecutors as part of a plea agreement. CZ stated on social media that this could be part of a smear campaign and questioned the authenticity of the report. Justin Sun also downplayed the report, referring to CZ as a "mentor and close friend." Additionally, the report mentioned that Binance executives met with U.S. Treasury officials to seek relief from oversight of its anti-money laundering compliance. The WSJ also claimed that Binance is in talks with the Trump-backed crypto project World Liberty Financial regarding listing matters.
Next news:In the past four hours, the entire network has seen liquidations exceeding 50 million dollars, primarily from short orders. According to Coinglass, the liquidation amount for short positions is 42.26 million dollars, while the liquidation amount for long positions is 8.42 million dollars.
Next news:According to reports, DWF Labs has created 6 DeFi liquidity pools for the Trump family project World Liberty Financial USD ($USD1), with a total value of 18 million USD, including: 1.50 million USDT and 1.50 million USD1, 2.50 million USDC and 2.50 million USD1, 490 thousand USDf and 500 thousand USD1, 318.50 thousand $ETH (500 thousand USD) and 500 thousand USD1, 3 million USDT and 3 million USD1, as well as 1.73 trillion BNB (1 million USD) and 1 million USD1, etc.
Next news:Binance Futures will launch USDT perpetual contracts for PUMPUSDT, STOUSDT, and FHEUSDT on April 12, 2025. According to the official announcement, the PUMPUSDT contract will go live at 22:30 (GMT+8), the STOUSDT contract will go live at 22:45 (GMT+8), and the FHEUSDT contract will go live at 23:00 (GMT+8), with a maximum leverage of 20x for all contracts. It is worth noting that PUMP, STO, and FHE have already been listed on Binance Alpha Markets.
Next news:Bitcoin breaks above 85,000 USDT
Next news:

According to Deep Tide TechFlow, on April 12, the blockchain analysis platform Lookonchain reported that a cryptocurrency whale sold a CryptoPunk NFT for 4,000 $ETH (approximately 6 million USD). The investor had purchased the NFT a year ago for 4,500 $ETH (approximately 15.70 million USD). Since the price of $ETH was 3,509 USD at the time of purchase, and has since dropped by 57% at the time of sale, the actual loss amounts to 9.73 million USD.


According to CryptoSlam data, despite the significant loss, this transaction ranks as one of the largest NFT transactions in the past 30 days. Currently, the floor price for CryptoPunks is around 43 $ETH (approximately 68 thousand USD), down over 61% from the historical high of 113.9 $ETH in October 2021. This transaction reflects the continued downturn of the once-thriving blue-chip NFT market, with NFT trading volume on Ethereum declining by over 53% in the past month.



Next news:

According to Deep Tide TechFlow, on April 12, the price of Bitcoin surpassed $85,000, with a 24-hour increase of 3.02%, as reported by HTX market.



Next news:

According to a message from Deep Tide TechFlow on April 12, the update log released by OpenAI indicates that GPT-4 will be retired from ChatGPT starting April 30, 2025, and will be completely replaced by GPT-4o. GPT-4o is OpenAI's newer native multimodal model, which has consistently outperformed GPT-4 in writing, coding, STEM, and other areas during head-to-head evaluations. Recent upgrades have further improved GPT-4o's instruction following, problem-solving, and conversational flow capabilities. GPT-4 will still remain available in the API.


Next news:

According to TechFlow news, on April 12, it was reported by Cryptopolitan that the Peshawar High Court in Pakistan has ordered the federal government to address the issue of illegal cryptocurrency trading nationwide within two months. The court requires the government to first develop relevant strategies and submit a comprehensive report.

This case was brought forward by lawyer Huzaifa Ahmad. According to the lawsuit, despite the State Bank of Pakistan issuing a notification back in 2018 declaring virtual currencies, including Bitcoin and Litecoin, as illegal payment methods, individuals and businesses continue to conduct transactions through internet channels. Particularly in Khyber Pakhtunkhwa, some training institutions not only offer Bitcoin and foreign exchange trading services but also market themselves on social media platforms such as TikTok, Facebook, and YouTube.

The Deputy Attorney General representing the federal government stated that the government is formulating relevant legislation, which is expected to take about a month to complete. The court has ultimately granted the government two months to submit the policy proposal.



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.

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