SoSo Daily Apr 14 | U.S. Secretary of Commerce: The tariff exemptions on electronic products implemented by the Trump administration are only a temporary measure.
Crypto Market Overview
Let's turn our attention to today's overall Crypto market situation.
As of 12:01 AM on April 14, 2025, according to sosovalue, the total market cap of the crypto market stands at 2.73 trillion US dollars, witnessing a decrease of 4.35% compared to yesterday; the total trading volume is 88.26 billion US dollars, marking an increase of 10.2% from the previous day.
Cryptocurrency Market Update
According to sosovalue, the price of $BTC is 83,783 USD, a decrease of 1.75% from yesterday. The market cap of $BTC is 1.66 trillion USD, accounting for 60.8% of the total market cap; $BTC's 24-hour trading volume is 28.36 billion USD, making up 32.1% of the total trading volume.
The price of $ETH is 1,598 USD, down 2.81% from yesterday; the market cap of $ETH is 192.85 billion USD, representing 7.06% of the total market cap; $ETH's 24-hour trading volume is 13.65 billion USD, comprising 15.5% of the total trading volume.
The combined market capitalization of $BTC and $ETH accounts for 67.86% of the total cryptocurrency market cap, and their combined trading volumes constitute 47.6% 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.
Sector Performance in the Crypto Market
According to sosovalue, all 16 sectors are down today. Notably, the DePIN, SocialFi, and RWA sectors are worth mentioning.
DePIN Sector
The DePIN sector has fallen by 4.96% relative to the UTC 0 time, led by declines in GRASS (-14.8%), nodl (-12.9%), and ator (-9.69%).
SocialFi Sector
The SocialFi sector has decreased by 5.35% relative to UTC 0, with rss3 (-19.5%), SUIA (-9.47%), and pts (-8.53%) leading the drop.
RWA Sector
The RWA sector has fallen by a significant 44.6%, with om (-83.7%), hifi (-18.9%), and lto (-16%) leading the decline.
Let's go through the Crypto news worth paying attention today according to sosovalue:
The first is:
U.S. Secretary of Commerce Howard Lutnick stated on April 13 that the Trump administration's recent tariff exemptions on electronic products such as smartphones and computers are only temporary measures. Tariffs on semiconductors and electronic products will be implemented within a month, while tariffs on pharmaceuticals are expected to be implemented in the next month or two. (CoinDesk)
Next news:Bitcoin fell below 84,000 USDT.
Next news:The Layer 1 blockchain token $OM of MANTRA suddenly plummeted 90% on Sunday, causing panic among investors. According to The Block's price page, the $OM token dropped from $5.21 to around $0.50 in just 90 minutes. Community leader Dustin McDaniel stated on Telegram that the team is investigating the reasons behind the price drop. MANTRA's X account claimed that the incident was caused by "reckless liquidations" rather than issues with the project itself. Co-founder John Patrick Mullin pointed out that a forced liquidation of a major investor on a centralized exchange (CEX) was the main reason. Previously, MANTRA had been accused of controlling the token circulation to manipulate prices. Mullin denied these allegations and emphasized the strategic partnership with Dubai real estate company DAMAC. According to DefiLlama, MANTRA's total locked value is only $13 million, while the fully diluted market cap of the token is $9.50 billion. The governance head of Castle Labs noted that recently three wallets transferred millions of dollars worth of $OM tokens to OKX and Binance. A Hong Kong court had previously ordered six members of MANTRA DAO to disclose financial records.
Next news:Waylon Wilcox, a 45-year-old from Pennsylvania, pleaded guilty to underreporting income from the sale of 97 CryptoPunk NFTs, avoiding $3.3 million in taxes. This case marks a significant legal precedent in the U.S. for tax evasion related to NFT sales. Wilcox faces up to six years in prison, though his guilty plea may reduce his sentence. The IRS emphasizes the importance of compliance in virtual currency transactions. The CryptoPunk market has seen fluctuations, with recent sales incurring losses, despite an increase in floor price in $ETH terms. Yuga Labs, the owner of CryptoPunks, faced backlash over a spin-off collection but has since committed to preserving the original collection on the blockchain.
Next news:
Odaily Planet Daily reported that Coinglass data shows that in the past hour, the total liquidation across the network was 21.45 million USD, with long positions liquidated at 20.55 million USD and short positions liquidated at 900.70 thousand USD.
Next news:
According to a report by CoinDesk on April 13, Jamie Dimon, the CEO of JPMorgan Chase, stated that he is preparing to navigate the turmoil in the nearly $30 trillion U.S. Treasury market, and that the Federal Reserve will only take action when they begin to feel a bit of panic. The U.S. Treasury market plays a central role in global finance, setting the tone for all market factors, from mortgage rates to corporate bond yields.
Jamie Dimon warned that if the financial system were to become paralyzed again, the consequences could ripple through the entire economy. Turmoil in the U.S. Treasury market leading to Federal Reserve intervention could prompt some investors to turn to Bitcoin ($BTC), which is often seen as a hedge against currency instability — as was the case in 2020 when the Federal Reserve took aggressive stimulus measures, causing Bitcoin prices to soar.
Next news:
According to Wu, Solix DePIN has announced that it has secured $29.50 million in funding from the Eclip Foundation to accelerate the development of its core technology, the MODEL CONTEXT PROTOCOL (MCP). The funds will be used for technological upgrades, global expansion, launching AI-driven smart bandwidth allocation features, and plans to collaborate with cloud services and content delivery networks. Solix is committed to building a decentralized bandwidth market as an alternative to traditional bandwidth resource allocation methods.
Next news:U.S. Treasury bonds have long been regarded as a risk-free asset, but recent risks have increased. With the U.S. imposing tariffs on China, the dollar and U.S. stock markets have also seen declines. Investors are on the lookout for new investment opportunities.
Next news:
Odaily Planet Daily News According to monitoring by Lookonchain, a certain whale sold 1.56 million Fartcoin (1.26 million USD) 30 minutes ago and then purchased 11.62 million RFC, which may have caused the market capitalization of RFC to briefly surge to over 100 million USD.
Next news:
According to Deep Tide TechFlow, on April 13, reported by Jinshi, U.S. Trade Representative Katherine Tai stated that the tariff exemptions on electronics reflect a shift from reciprocal tariffs to national security tariffs. We must consider the semiconductor supply chain more prudently. It is believed that the U.S. will reach meaningful tariff agreements with several countries in the coming weeks.
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.