SoSo Daily Apr 15 | Kraken Expands into U.S. Equities Trading, Plans UK and European Growth
Let's turn our attention to today's overall Crypto market situation.
As of 12:01 AM on April 15, 2025, according to sosovalue, the total market cap of the crypto market stands at 2.76 trillion US dollars, witnessing a decrease of 0.622% compared to yesterday; the total trading volume is 97.79 billion US dollars, marking an increase of 10.2% from the previous day.
Cryptocurrency Market Update
According to sosovalue, the price of $BTC is 84,673 USD, an increase of 1.07% from yesterday. The market cap of $BTC is 1.68 trillion USD, accounting for 60.8% of the total market cap; $BTC's 24-hour trading volume is 33.42 billion USD, making up 34.2% of the total trading volume.
The price of $ETH is 1,625.3 USD, up 1.71% from yesterday; the market cap of $ETH is 196.16 billion USD, representing 7.1% of the total market cap; $ETH's 24-hour trading volume is 15.15 billion USD, comprising 15.5% of the total trading volume.
The combined market capitalization of $BTC and $ETH accounts for 67.9% of the total cryptocurrency market cap, and their combined trading volumes constitute 49.7% 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
Moving on, let's take a look at the sector performance in the crypto market.
According to sosovalue, out of 16 sectors, 11 are up and 5 are down. Notably, SocialFi and RWA sectors are worth mentioning.
SocialFi Sector
The SocialFi sector has risen by 2.39% relative to the UTC 0 time, led by gains in berry (37.5%), kin (4.85%), and ton (3.05%).
RWA Sector
The RWA sector has decreased by 5.17% relative to UTC 0, with om (-44%), trvl (-7.92%), and hifi (-5.93%) leading the drop.
Let's go through the Crypto news worth paying attention today according to sosovalue:
The first is:Kraken, a San Francisco-based crypto exchange, has launched U.S. equities trading on its platforms, allowing customers to manage crypto, stocks, and Wall Street funds from a single account. This expansion, in partnership with broker-dealer Alpaca, offers commission-free trading of over 11,000 U.S.-listed stocks and ETFs, with more than half available for fractional investment. Initially available in select U.S. states, Kraken plans a nationwide rollout and aims to expand into the UK, Europe, and Australia. The move aligns with the blockchain industry's goal of bringing stocks onchain and is seen as a step towards asset tokenization. Kraken's co-CEO highlights the growing demand for a seamless, all-in-one trading experience. The company also plans to acquire NinjaTrader and aims for an IPO in early 2026.
Next news:Tether announced its entry into the OCEAN mining pool, created by long-time Bitcoin core developer Luke Dashjr. Tether plans to invest its existing and future resources into this mining pool as part of its commitment to mining, with plans to invest approximately 500 million USD in building mining operations and acquiring stakes in existing companies by 2025. Tether is the largest stablecoin issuer by market capitalization, with a circulating supply of 144 billion USD and projected profits of 13 billion USD in 2024. Tether has also invested in mining operations in El Salvador, Paraguay, and Uruguay. The OCEAN mining pool was launched by Dashjr in November 2023, utilizing the DATUM Gateway protocol to support decentralized non-custodial mining in low-latency regions. Dashjr has faced criticism for his religious beliefs and conservative views on the Bitcoin protocol.
Next news:The U.S. Department of Homeland Security is investigating Anchorage Digital Bank, focusing on its anti-money laundering and financial crime policies and practices. The investigation is conducted by the El Dorado Task Force and involves inquiries with former employees. Anchorage has previously attracted the attention of regulators due to compliance issues and has been required to make corrections. Recently, Anchorage has secured partnerships with several large companies in the digital asset custody sector.
Next news:
According to CoinDesk, Visa will join the global US dollar network (USDG) stablecoin alliance initiated by the regulated digital asset company Paxos, becoming the first traditional financial institution to join the alliance. Robinhood, Kraken, Galaxy Digital, Anchorage Digital, Bullish, and Nuvei will also participate as the first members.
Next news:
According to Foresight News, Bloomberg ETF analyst Eric Balchunas posted on social media that Canada is set to launch a spot Solana ETF this week, following regulatory approval given to several issuers including Purpose, Evolve, CI, and 3iQ. These ETF products will offer staking services through TD Bank.
According to Foresight News, Bloomberg ETF analyst Eric Balchunas posted on social media that Canada is set to launch a spot Solana ETF this week, following regulatory approval given to several issuers including Purpose, Evolve, CI, and 3iQ. These ETF products will offer staking services through TD Bank.
Next news:
According to Wu, He Yi, the co-founder of Binance, stated that if project teams wish to list on Binance, they can allocate their budget towards user incentives, including applying for Binance Wallet IDO, Launchpool, or Mega Airdrop. Binance does not charge listing fees but welcomes cooperation through various types of airdrop initiatives.
Next news:
According to Wu, ZachXBT posted on platform X, stating that multiple sources indicate that Denko, the founder of Reef Finance, and user Fukogoryushu are suspected to be involved in the OM flash crash incident. The two had made multiple requests to others for loans collateralized by OM in the days leading up to the OM collapse. Notably, the Reef project had an $80 million over-the-counter transaction with Alameda in 2021 and was delisted by Binance in October 2024, amid previous controversies regarding market manipulation.
Next news:The U.S. SEC has postponed its review of Grayscale's spot Ethereum ETF to include staking features.
Next news:
According to Foresight News, NVIDIA has announced that the company plans to produce its next-generation artificial intelligence chips and supercomputers entirely in the United States for the first time. NVIDIA's expansion in the U.S. includes establishing factories in Arizona and Texas in collaboration with Foxconn, TSMC, and Wistron, with plans to support AI infrastructure valued at up to 500 billion USD over the next four years. NVIDIA stated that the company has acquired over one million square feet of space in Arizona and Texas for building and testing the Blackwell chips and AI systems.
Next news:Three institutions are suspected to be market makers for Binance's Megadrop new token KERNEL, having collectively received 17 million tokens.
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.