SoSo Daily Apr 27 | Nike faces a class-action lawsuit from NFT holders over the closure of its RTFKT cryptocurrency business, with claims exceeding 5 million USD.

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 Playbux (PBUX). As of 12:00 today, its market cap is 146.97K USD, with a coin price of 0.0057200 USD, witnessing a 24-hour increase of 63.4%.
The second is COMBO. As of 12:00 today, its coin price is 0.025510 USD, with a 24-hour increase of 59.6%.
The third is Spectral (SPEC). As of 12:00 today, its coin price is 2.8320 USD, showing a 24-hour increase of 54.3%.
In fourth place is Duko (DUKO). As of 12:00 today, its coin price is 0.00036763 USD, with a 24-hour rise of 49.5%.
In fifth place is Bubblemaps (BMT). As of 12:00 today, its coin price is 0.12670 USD, increasing by 46.3% over the last 24 hours.




Let's go through the Crypto news worth paying attention today according to sosovalue:
The first is:Wu Shuo learned that, according to Reuters, Nike is facing a class-action lawsuit from NFT holders due to the sudden shutdown of its cryptocurrency business. The plaintiff, led by Australian resident Jagdeep Cheema, filed the lawsuit in the Brooklyn Federal Court in New York, accusing Nike of abruptly closing its RTFKT division in December 2024, which caused a sharp decline in demand for its NFTs. The plaintiff stated that if they had known in advance that these tokens were unregistered securities and that Nike would "suddenly pull out," they would not have purchased these NFTs at the prices at that time, or might not have bought them at all. The lawsuit alleges that Nike violated consumer protection laws in New York, California, Florida, and Oregon, seeking damages exceeding 5 million USD. Nike acquired RTFKT in December 2021 and announced the closure of the business on December 2, 2024.
Next news:Wu Shuo has learned that regarding the upcoming Ethereum Pectra upgrade, Vitalik Buterin stated that Account Abstraction is currently only halfway completed. Its ultimate goal is to enable non-ECDSA account types, such as multisig, key rotation, post-quantum secure accounts, and privacy protocol accounts, to receive native support at the Ethereum protocol layer. Recently, positive progress has been made in simplifying the EIP-7701 proposal to advance this implementation.
Next news:Wu said that Synthetix officially announced that, according to the SCCP-403 proposal, the platform has completed the transition to the 420 staking pool, and the old SNX staking positions have been liquidated as planned. If the collateralization ratio was ≥160% at the time of liquidation, the staking position can be restored within 6 months; positions below 160% have been permanently liquidated. This upgrade lays the foundation for supporting future products such as Perps v4 perpetual contracts and automated Vaults. Details on sUSD staking rewards and new rules will be announced in the coming weeks, and users can apply to participate in testing.
Next news:Wu said that Kaito founder Yu Hu tweeted that during the update process, the team mistakenly applied the new algorithm retrospectively to the past 12 months (L12M), causing changes in the data for long-term windows such as 30 days, 3 months, 6 months, and 12 months. They are currently rolling back to correct this, which is expected to take several hours to complete. During this period, the data displayed on the front end reflects a partially updated state and should not be considered final. The official update will be released once the correction is complete.
Next news:Wu Shuo has learned that Binance Alpha will launch Haedal Protocol (HAEDAL) for the first time, with trading set to begin on April 29, exact time to be announced. Haedal is a liquidity staking protocol based on Sui, allowing anyone to stake their Sui tokens.
Next news:Odaily Planet Daily News: According to the on-chain analysis platform @lookonchain, 18 hours ago, a trader exchanged approximately 1.18 million Fartcoins (valued at 1.22 million USD at the time) entirely for 78,671 TRUMP tokens. Data shows that the trader previously conducted 5 swing trades with Fartcoin, all profitable, with total gains of about 669 thousand USD.
Next news:According to Foresight News, ElizaOS (formerly ai16z) founder Shaw posted that the Quill project encountered a significant issue involving liquidity consumption at its launch. The project team had previously injected liquidity worth 30,000 SOL into the SOL/Quill and ai16z/Quill trading pairs, purchased and distributed 10 million Quill tokens to developers, and burned the remaining 3 million tokens. Shaw stated that the issue has been resolved.
Next news:Foresight News reports that according to on-chain analyst @ai_9684xtpa, a new address established a position 6 hours ago by acquiring 37.42 WBTC, with a transaction amount of approximately 3.53 million USD and an average price of 94,518 USD. Subsequently, the address deposited the WBTC into the Morpho platform and borrowed 1.33 million USDT.
Next news:Wu Shuo learned that Imran Khan, founding partner of Alliance DAO, pointed out in a post that Automated Market Makers (AMMs) are quietly competing to dominate the infrastructure of token launch platforms (Launchpads). The competition focuses on differentiated bonding curves, anti-front-running mechanisms, and refined fee frameworks. Successful AMMs are expected to build moats and generate substantial revenue, but their long-term advantages remain uncertain. It is anticipated that AMMs will design mechanisms to extend the binding period with launch platforms.
Next news:

Wu Shuo learned that according to monitoring by @ai_9684xtpa, since the announcement of the TRUMP dinner plan by Trump, the TRUMP token has performed remarkably within nine days:

• Binance spot trading volume increased by 202%
• Single-day trading volume reached 940 million USD
• Spot and contract 24-hour turnover reached 2.78 billion USD, ranking in the TOP 3
• DEX turnover reached 489 million USD
• TRUMP token price increased cumulatively by 94.6%, with a volatility of 112%

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.