SoSo Daily May 1 | The U.S. Core PCE Price Index for March remained unchanged year-over-year, with a month-over-month rate of zero.

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 BSquared Network. As of 00:00 today, its market cap is 4.23M USD, with a coin price of 0.50309 USD, witnessing a 24-hour increase of 619%.
The second is PowerPool Concentrated Voting Power. As of 00:00 today, its coin price is 0.064942 USD, with a 24-hour increase of 318%.
The third is Alpaca Finance. As of 00:00 today, its coin price is 0.56530 USD, showing a 24-hour increase of 196%.
In fourth place is Biswap. As of 00:00 today, its coin price is 0.058470 USD, with a 24-hour rise of 86.7%.
In fifth place is zkLink. As of 00:00 today, its coin price is 0.060600 USD, increasing by 80.4% over the last 24 hours.


Moving on, let's take a look at the sector performance in crypto market.
According to sosovalue, out of 16 sectors, 7 are up and 9 are down. Notably, AI sector is worth mentioning.
AI sector has risen 2.35% relative to the UTC 0 time, led by gains in REX (40.5%), BAI (35.6%), and VADER (27.3%).

Let's go through the Crypto news worth paying attention today according to sosovalue:
The first is:

The US core PCE price index year-on-year for March was 2.6%, matching the expected 2.60%, with the previous value revised from 2.80% to 3%. The core PCE price index month-on-month for March was 0%, below the expected 0.10%, with the previous value revised from 0.40% to 0.5%.

Next news:Bitcoin drops below 93,000 USDT
Next news:Futures for the three major U.S. stock indices fell significantly. Nasdaq futures dropped by 2%, Dow Jones futures declined by 0.85%, and S&P 500 futures decreased by 1.45%. Previously released data showed that U.S. GDP experienced negative growth in the first quarter.
Next news:Wu Shuo has learned that Binance announced a limited-time Binance Alpha Points promotion starting from May 1st. During the promotion period, users can earn extra Alpha Points through eligible trades. Specifically, purchases of BSC Alpha tokens and limit order purchases of Alpha tokens (on any network) will be counted multiple times towards the user's Alpha trading volume.
Next news:Re7 Capital, a decentralized finance-focused investment firm managing over $600 million in digital assets, has launched a $10 million venture fund dedicated to SocialFi, aiming to back around 30 early-stage startups. Luc de Leyritz, general partner of SocialFi at Re7 Capital, considers SocialFi the most important category in crypto investing today. The fund typically writes $100,000–$300,000 checks and reserves additional capital for follow-on support. The fund is anchored by Re7 Capital with other backers including Lens and Dan Romero. Over 60% of the fund has been committed, with a second close expected in June. The fund targets startups building across blockchain ecosystems like Lens Chain and Farcaster. Leyritz highlights the alignment of infrastructure, talent, and user behavior as key factors for SocialFi's growth, expecting broader adoption within 12–24 months. Re7 Capital sees this fund as a timely expansion into early-stage crypto venture driven by attention, composability, and capital flows in SocialFi.
Next news:Nasdaq-listed company Semler Scientific has increased its Bitcoin investment again, spending 15.70 million USD to purchase 165 $BTC between April 25 and 29. Its total holdings have risen to 3,467 $BTC, with a market value exceeding 327 million USD. This marks Semler Scientific's second large purchase within a week. Previously, on April 25, the company bought 111 $BTC for 10 million USD. (Decrypt)
Next news:Grayscale Launches Grayscale Bitcoin Adopters ETF "BCOR"
Next news:According to CoinDesk, Movement Labs is investigating whether it was misled into signing a market-making agreement that granted an unknown intermediary control over 66 million MOVE tokens, triggering a $38 million sell-off after the token's debut. Rentech appeared on both sides of the transaction: once as a subsidiary of Web3Port and once as an agent for the Movement Foundation. Foundation officials initially described the Rentech deal as "possibly the worst agreement" they have ever seen, as it incentivized people to pump the price of MOVE before dumping tokens on retail investors.
Next news:Wu Shuo has learned that Mike Novogratz, CEO of digital asset company Galaxy Digital, announced that Galaxy plans to go public on Nasdaq on May 16, pending approval at a special shareholders meeting on May 9.
Next news:Wu Shuo learned that, according to @EmberCN monitoring, an address from the Compound team transferred 150 thousand COMP tokens (approximately 6.24 million USD) to centralized exchanges 20 minutes ago: 75 thousand tokens (about 3.12 million USD) were transferred to Binance, and 75 thousand tokens (about 3.12 million USD) were transferred to Kraken.

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.