SoSo Daily Apr 16 | ZKsync: Confirms that the airdrop administrator account was hacked, resulting in the theft of 5 million USD in ZK tokens, but user funds are safe.
Crypto Market Overview
Let's turn our attention to today's overall Crypto market situation.
As of 12:01 AM on April 16, 2025, according to sosovalue, the total market cap of the crypto market stands at 2.73 trillion US dollars, witnessing a decrease of 2.99% compared to yesterday; the total trading volume is 80.91 billion US dollars, marking a decline of 17.2% from the previous day.
Cryptocurrency Market Update
According to sosovalue, the price of $BTC is 83,659 USD, a decrease of 1.1% 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 26.01 billion USD, making up 32.1% of the total trading volume.
The price of $ETH is 1,589.3 USD, down 2.12% from yesterday; the market cap of $ETH is 191.82 billion USD, representing 7.03% of the total market cap; $ETH's 24-hour trading volume is 11.47 billion USD, comprising 14.2% of the total trading volume.
The combined market capitalization of $BTC and $ETH accounts for 67.83% of the total cryptocurrency market cap, and their combined trading volumes constitute 46.3% 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, out of 16 sectors, 2 are up and 14 are down. Notably, the DePIN, Meme, and AI sectors are worth mentioning.
DePIN Sector
The DePIN sector has fallen by 3.63% relative to the UTC 0 time, led by declines in OMNIA (-14.3%), nodl (-12.6%), and aleph (-12.4%).
Meme Sector
The Meme sector has decreased by 3.95% relative to UTC 0, with BAI (-23.3%), popcat (-19.6%), and peng (-16.5%) leading the drop.
AI Sector
The AI sector has fallen by 4.52%, with BAI (-23.3%), pippin (-14.8%), and PROMPT (-14.5%) leading the decline.
Let's go through the Crypto news worth paying attention today according to sosovalue:
The first is:ZKsync: Confirms that the airdrop administrator account was hacked, resulting in the theft of 5 million USD worth of ZK tokens, but user funds are safe.
Next news:Ethena Labs announced that it has reached an agreement with the German financial regulatory authority BaFin, deciding not to seek MiCAR authorization in Germany. This decision marks a significant adjustment in Ethena Labs' strategic approach to the European market.
Next news:
According to Wu, Lookonchain monitoring has revealed that a certain whale has withdrawn a total of 2,372 bitcoins (approximately $201.00 million) from Binance and Kraken in the past 8 hours. Currently, they hold a total of 16,780 bitcoins (approximately $1.42 billion).
Next news:
According to Fortune, the Trump family is set to launch a blockchain-based real estate game similar to MONOPOLY GO!, led by long-time business partner Bill Zanker. The game is scheduled to be released at the end of April and has not been authorized by Hasbro (Hasbro is the rights holder for the MONOPOLY game and is a well-known toy and game company in the United States). This marks another move into the crypto space for the Trump family following their NFT, DeFi platform, and Bitcoin mining ventures.
Next news:Treehouse Finance, a decentralized finance startup, has achieved a $400 million valuation in a new funding round. The funding was structured as a simple agreement for future tokens (SAFT) and closed last year. The lead investor is believed to be MassMutual Ventures, although not officially confirmed. Other notable investors include Guy Young, Darius Sit, and Rich Teo. Treehouse focuses on fixed-income products in DeFi, offering Decentralized Offered Rates (DOR) and tAssets. The company plans to launch its mainnet in June and establish an ecosystem fund to support adoption. Treehouse aims to expand its offerings and scale its team strategically.
Next news:
According to Wu, CleanSpark, a U.S. Bitcoin mining company, announced an expansion of its credit line with Coinbase Prime to $200 million to support non-dilutive growth and initiate a self-funded operational model. The company will sell part of its monthly Bitcoin output to cover operating costs while officially launching an institutional-level Bitcoin treasury management team. CleanSpark CEO Zach Bradford stated that the company's Bitcoin holdings have exceeded 12,000 coins, valued at approximately $1 billion, with a target hash rate of 50 EH/s, aiming to enhance shareholder value through balanced strategies.
Next news:
According to TechFlow, on April 15, reported by Jin10 Data, the EU expects the U.S. to maintain its tariff policy due to minimal progress in negotiations.
Next news:Wu learned that Tether announced a strategic investment in the fintech company Fizen Limited to promote the development of global stablecoin applications and self-custody solutions. Fizen focuses on self-custody wallets and digital payments, and the investment will help enhance its blockchain capabilities, support multi-chain stablecoin transactions, address financial service challenges for unbanked populations, and promote merchants to accept stablecoin payments through instant fiat settlements, such as QR codes.
Next news:According to Bloomberg, Bitdeer plans to use the 90-day tariff suspension period to transport mining machines from Southeast Asia to the United States and will begin production in the U.S. in the second half of this year. The company will focus on using its mining machines for self-mining rather than selling them to other miners. The company is also expanding its global influence, entering new markets such as Canada and Ethiopia, while advancing its strategic transformation towards artificial intelligence and high-performance computing.
Next news:Standard Chartered analysts expect that by 2028, the total supply of stablecoins could grow from the current $230 billion to $2 trillion, an increase of nearly tenfold. This growth is anticipated to be driven by U.S. legislation that will establish formal rules for the industry. The analysts noted that the GENIUS Act is set to become law this summer, which will legalize the industry and accelerate the adoption of stablecoins. This growth is expected to drive demand for $1.60 trillion in U.S. Treasuries over the next four years. The analysts also mentioned that the stablecoin industry may adopt Circle's reserve approach, with stablecoin issuers expected to hold around $1.75 trillion in U.S. Treasuries by 2028. The analysts believe that the increase in stablecoin reserves will elevate demand for the dollar and may support dollar hegemony. However, they also pointed out that in the long run, if the development of stablecoins shifts to tokens pegged to other currencies, the dollar may face risks.
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.