SoSo Daily May 5 | New York Post X Account Hacked, Sending Scam Direct Messages to Cryptocurrency Users
Crypto Market Update
Let's turn our attention to today's overall Crypto market situation.
As of 6:01 AM Hong Kong time on May 5, 2025, according to sosovalue, the total market cap of the crypto market stands at 3.05 trillion US dollars, witnessing a decrease of 2.77% compared to yesterday; the total trading volume is 58.99 billion US dollars, marking an increase of 13.8% from the previous day.
Cryptocurrency Market Update
According to sosovalue, the price of $BTC is 94,695 USD, a decrease of 1.5% from yesterday. The market cap of $BTC is 1.88 trillion USD, accounting for 61.7% of the total market cap; $BTC's 24-hour trading volume is 18.81 billion USD, making up 31.9% of the total trading volume.
The price of $ETH is 1,817.8 USD, down 1.61% from yesterday; the market cap of $ETH is 219.46 billion USD, representing 7.2% of the total market cap; $ETH's 24-hour trading volume is 8.43 billion USD, comprising 14.3% of the total trading volume.
The combined market capitalization of $BTC and $ETH accounts for 68.9% of the total cryptocurrency market cap, and their combined trading volumes constitute 46.2% of the total trading volume.
As of 06:00 on 2025/05/05, according to sosovalue, the top five gainers are:
Top 1 gainer is New XAI gork. As of 06:00 today, its market cap is 63.89M, with a coin price of 0.063890 USD, witnessing a 24-hour increase of 47.2%.
The second is Celsius Network. As of 06:00 today, its coin price is 0.12702 USD, with a 24-hour increase of 37.5%.
The third is Lybra Finance. As of 06:00 today, its coin price is 0.073286 USD, showing a 24-hour increase of 31.6%.
In fourth place is Share. As of 06:00 today, its coin price is 0.0022650 USD, with a 24-hour rise of 30.5%.
In fifth place is Ava AI. As of 06:00 today, its coin price is 0.087100 USD, increasing by 30.4% over the last 24 hours.
Crypto Market Sector Performance Update
Moving on, let's take a look at the sector performance in crypto market.
According to sosovalue, out of 15 sectors, 4 are up and 12 are down. Today, there are no sector with a price change exceeding 2%.
Let's go through the Crypto news worth paying attention today according to sosovalue:
The first is:The official X account of the New York Post appears to have been hacked, with several users in the cryptocurrency community receiving unauthorized private messages from the account. The scammer impersonated a journalist, inviting users to participate in a podcast and directing them to Telegram. Alex Katz, founder of Kerberus, revealed that after gaining unauthorized access, the scammer did not post the common wallet theft links but instead guided users to Telegram via private messages. To prevent the New York Post team from detecting the account compromise, the scammer blocks users' replies after sending messages. (Cointelegraph)
Next news:A whale that built a position in WBTC at a high level five months ago has allegedly sold 85.26 WBTC in the past five days, with an estimated loss of 365 thousand USD.
Next news:Wu reported that Bloomberg analyst James Seyffart stated that the Litecoin ETF filed by Canary Funds will receive a decision from the U.S. Securities and Exchange Commission (SEC) by May 5 at the latest, with a possibility of a delayed decision. Previously, the SEC had announced delays for multiple applications but did not include this ETF. He believes that if any assets are likely to be approved early, Litecoin might have a certain chance, although he personally leans towards expecting a delay.
Next news:
According to the Financial Times, the Maldives government has signed a joint venture agreement with Dubai-based MBS Global Investments to build a blockchain and digital asset financial center in Malé with a total investment of 8.80 billion USD. The government hopes to use this project to drive economic transformation from tourism and fisheries.
MBS is the family office of Qatari billionaire Sheikh Nayef bin Eid Al Thani, which has currently secured preliminary funding commitments exceeding 4 to 5 billion USD.
Next news:According to Foresight News, gold advocate and economist Peter Schiff tweeted, "Both U.S. stock index futures and the U.S. dollar are facing sell-offs. However, gold and Bitcoin are showing completely opposite trends again. Gold is behaving like a safe-haven asset, rising by about 1%. Meanwhile, Bitcoin's trading performance resembles that of a risk asset, falling by about 2%. Clearly, Bitcoin is not digital gold."
Next news:A "zero-day" vulnerability on the Solana blockchain affected the confidential transfer feature of certain tokens adhering to the Token-2022 standard. The flaw allowed attackers to mint tokens without limits or steal tokens from user accounts through forged zero-knowledge proofs. The vulnerability was discovered on April 16, and the Solana Foundation privately organized validators to deploy two critical fixes within two days, successfully patching the issue. This feature has been supported since October 2023 but has a low adoption rate. Paxos denied that its USDP stablecoin used this feature, and the vulnerability did not impact Paxos products. The Foundation confirmed all funds are secure, with no known exploit incidents. Solana co-founder Anatoly Yakovenko defended the Foundation's coordinated upgrade efforts, emphasizing the support of major validators.
Next news:Wu Says has learned that Trump stated the U.S. film industry is rapidly declining, and other countries are attracting American filmmakers and production companies through various incentives, severely impacting Hollywood and other regions. To address this situation, he has authorized the U.S. Department of Commerce and the Office of the U.S. Trade Representative to immediately initiate procedures to impose a 100% tariff on all imported foreign-produced films.
Next news:French police rescued a kidnapping victim during a late-night raid on Saturday. The kidnappers demanded a ransom of 5 million to 7 million euros, and the victim was the father of a cryptocurrency millionaire. The kidnappers cut off one of the victim's fingers, mimicking recent violent extortion cases targeting crypto billionaires. The incident occurred in Paris's 14th arrondissement, and five men in their twenties involved in the case have been arrested by the police. The victim and his son run a crypto marketing company based in Malta and have been subjected to multiple crypto-related threats. Similar violent crypto crime cases have been increasing globally.
Next news:Bitcoin falls below 95,000 USDT
Next news:According to Wu Shuo's information and data from Token Terminal, Pump Fun's fees have reached 294 million USD since the beginning of this year, surpassing Ethereum's 249 million USD. Additionally, Pump Fun's weekly fee capture level has exceeded Ethereum's for 9 consecutive weeks.
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.