SoSo Daily Apr 19 | Canary Capital Seeks SEC Approval for Staked TRX ETF

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 Dark Eclipse (DARK). As of 12:00 today, its market cap is 30.96M, with a coin price of 0.030960 USD, witnessing a 24-hour increase of 932%.
The second is Lorenzo Protocol (BANK). As of 12:00 today, its coin price is 0.049940 USD, with a 24-hour increase of 899%.
The third is Voxies (VOXEL). As of 12:00 today, its coin price is 0.048300 USD, showing a 24-hour increase of 123%.
In fourth place is Raft (RAFT). As of 12:00 today, its coin price is 0.00050000 USD, with a 24-hour rise of 50.4%.
In fifth place is Eigenpie (EGP). As of 12:00 today, its coin price is 1.2560 USD, increasing by 39.9% over the last 24 hours.




Let's go through the Crypto news worth paying attention today according to sosovalue:
The first is:Canary Capital is seeking approval from the U.S. Securities and Exchange Commission (SEC) for an exchange-traded fund (ETF) that would track the Tron token (TRX) and include a staking component. The firm filed a registration statement with the SEC for the Canary Staked TRX ETF, with BitGo Trust Company as the custodian. The ETF aims to stake a portion of its assets through staking infrastructure providers. Canary Capital plans to launch additional crypto ETFs linked to Pengu, Sui, Hedera, and Litecoin. Other firms are also seeking SEC approval for ETFs focused on XRP and Solana, anticipating a more favorable response under the current administration. The Tron network, created by Justin Sun, is a decentralized platform with TRX as the ninth-largest cryptocurrency by market capitalization.
Next news:

According to Wu, Du Jun, co-founder of ABCDE, tweeted that ABCDE has officially ceased new project investments and suspended the fundraising plan for its second phase fund. The original team will continue to be responsible for post-investment support and exit arrangements for existing projects, ensuring that commitments to entrepreneurs and LPs are taken seriously. Furthermore, it has launched a new incubator brand called Vernal, which will announce the incubator shareholders, incubation rules, and the first batch of incubated projects in May.

Next news:

According to Wu's report, as monitored by Lookonchain, Abraxas Capital's related wallet withdrew 505 $BTC (approximately 42.64 million USD) from Binance again 9 hours ago. Over the past 4 days, this address has withdrawn a total of 2949 $BTC (approximately 250 million USD) from the exchange.

Next news:

According to Wu's report, CloverPool data shows that the Bitcoin network completed a new round of difficulty adjustment on April 19, 2025, at 17:13:37 (block height 893,088), with the difficulty value increased by 1.42% to 123.23 trillion, setting a new historical peak. The current average hash rate of the Bitcoin network has risen to 884.53 EH/s, and the next difficulty adjustment is expected to occur in approximately 13 days and 22 hours.

Next news:

The Bank for International Settlements (BIS) has released a report indicating that cryptocurrencies and decentralized finance (DeFi) have reached a "critical scale," posing potential risks to the traditional financial system. The report highlights that Bitcoin spot ETFs, the expansion of stablecoins, and the tokenization of real assets are deepening the connections between the crypto market and TradFi. It also warns that the crypto market may exacerbate wealth inequality, as small investors tend to increase their positions during market downturns, while the wealthy exit early. The BIS recommends a "containment" strategy, promoting the inclusion of DeFi within compliance frameworks such as KYC and information disclosure, and calls for further research on topics like DAO governance, stablecoin risks, and the "cryptonization" of emerging markets.

Next news:Bitget has launched the U-based BANK perpetual contract, with a leverage range of 1-50 times.
Next news:

Japanese fashion brand and Tokyo Stock Exchange-listed company ANAP announced that it has purchased 16.6591 $BTC (valued at approximately 200 million yen) through its subsidiary "ANAP Lightning Capital." This move is the latest action in the company's asset diversification strategy, aimed at leveraging Bitcoin as a form of "digital gold" to enhance financial stability and expand new revenue sources. (CoinPost)

Next news:

According to Wu Shuo, monitoring by Lookonchain has revealed that a certain Meme trader address purchased 19.14 million LUCE at a price of $0.0275 six months ago and has held it since, with a peak unrealized profit exceeding $5.20 million. Subsequently, LUCE has plummeted over 70%, and currently, there is an unrealized loss of $335 thousand.

Next news:

According to reports from Wu, Binance has announced that it is requiring all users in India to undergo identity verification (KYC) again to comply with anti-money laundering (AML) regulations. Both new and existing users are required to complete the KYC re-verification.

Next news:

According to Wu's report, monitored by Lookonchain, Galaxy Digital has withdrawn 606 thousand SOL (approximately 79.70 million USD) from exchanges in the past 4 days, and has staked 462 thousand SOL (approximately 60 million USD) of that amount.

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.