SoSo Daily May 6 | Bitget has launched USDT-margined perpetual contracts for ASR, ALPINE, and B2.

After reviewing the overall crypto market situation, let's shift our focus to the top 5 token gainers of the day:
As of 18:00 Hong Kong time, according to sosovalue, the top five gainers are:
Top 1 gainer is MYX Finance (MYX). As of 18:00 today, its market cap is 8.69M USD, with a coin price of 0.092100 USD, witnessing a 24-hour increase of 1440%.
The second is Alpaca Finance (ALPACA). As of 18:00 today, its coin price is 0.39840 USD, with a 24-hour increase of 116%.
The third is ECOx (ECOX). As of 18:00 today, its coin price is 0.043870 USD, showing a 24-hour increase of 41.8%.
In fourth place is Alpine F1 Team Fan Token (ALPINE). As of 18:00 today, its coin price is 1.1160 USD, with a 24-hour rise of 41.1%.
In fifth place is Lumoz (MOZ). As of 18:00 today, its coin price is 0.012500 USD, increasing by 38% over the last 24 hours.


Moving on, let's take a look at the sector performance in crypto market.
Acccording to sosovalue, out of 15 sectors, 3 are up and 13 are down. Notably, GameFi, Others, and DeFi sectors are worth mentioning.
GameFi sector has fallen 3.77% relative to the UTC 0 time, led by declines in KAP (-21.9%), DARK (-20.6%), and XPET (-17.1%).
Others sector has decreased 4.03% relative to UTC 0, with LOOM (-41.2%), ICX (-24.5%), and GTC (-20.7%) leading the drop.
DeFi sector has fallen 4.22%, with LAYER (-44.2%), BR (-22.6%), and CVP (-18.7%) leading the decline.

Let's go through the Crypto news worth paying attention today according to sosovalue:
The first is:Bitget has launched USDT-margined perpetual contracts for ASR, ALPINE, and B2.
Next news:According to official announcements obtained by Wu Shuo, Binance's derivatives platform will launch the following perpetual contracts: the B2USDT perpetual contract will go live on May 6, 2025, at 21:30 (UTC+8), with a maximum leverage of up to 50x; the MILKUSDT perpetual contract will be launched on May 6, 2025, at 21:45 (UTC+8), also with a maximum leverage of up to 50x. Previously, B2 and MILK were already listed on the Binance Alpha market.
Next news:The former CEO of Celsius, Alex Mashinsky's lawyer has requested the U.S. court to sentence him to no more than 366 days in prison. Mashinsky pleaded guilty last December to one count of commodity fraud and manipulating the price of CEL tokens. U.S. prosecutors had previously recommended a 20-year prison sentence, citing billions of dollars defrauded from clients. The defense criticized the prosecution's recommendation as excessively harsh, calling it a "venomous submission" and a "life sentence". Mashinsky, aged 59, would be over 79 years old if he serves the full sentence. Defense attorneys argued that the prosecution is trying to make him a scapegoat, ignoring his status as a non-violent first-time offender. Charges to which Mashinsky has not pleaded guilty include wire fraud. The sentencing is scheduled for May 8, 2024. Celsius was one of the cryptocurrency lending platforms that collapsed during the 2022 bear market. In 2023, the court approved its restructuring plan, and in 2024, it paid out 2.50 billion USD to over 250 thousand creditors. Some assets were used to establish the Bitcoin mining company Ionic Digital.
Next news:Binance founder and former CEO Zhao Changpeng (CZ) predicts that Bitcoin could rise to between 500 thousand and 1 million USD in this cycle, with the total cryptocurrency market capitalization expected to reach 5 trillion USD by the end of this year. He pointed out that the current Bitcoin price is about 93,900 USD, with an all-time high of 108,786 USD. Zhao also discussed future trends in the crypto space, believing that the vast majority of meme coins will fail, while the combination of artificial intelligence and blockchain, as well as decentralized science (DeSci), hold long-term potential. He praised the current US government's crypto-friendly stance and expects decentralized exchanges (DEX) to eventually surpass centralized exchanges (CEX). Zhao reflected on his incarceration experience last year, stating that it changed his priorities and that he will focus on mentoring new founders in the future, with no plans to return to the CEO position at Binance.
Next news:Obituary platform Legacy announced the passing of Zerebro co-founder Jeffy Yu at the age of 22.
Next news:According to Foresight News and monitored by Lookonchain, a trader who had been inactive for a week spent 1,046 SOL (approximately 149.20 thousand USD) purchasing LLJEFFY tokens two hours ago. Shortly after, rumors of Jeffy Yu's death surfaced, causing the price of LLJEFFY to plummet. The trader panic-sold all holdings, receiving only 394 SOL (approximately 56.20 thousand USD), incurring a loss of about 93 thousand USD within just one hour.
Next news:

Foresight News reports that SOL Strategies, a company listed on the Canadian Securities Exchange, announced it has purchased 122,524 SOL tokens at an average price of $148.96, utilizing the entire initial $20 million from its recently completed ATW financing instrument.

Next news:Citigroup (Citi) has partnered with SDX (SIX Digital Exchange), the digital asset platform under the Swiss Stock Exchange, to launch tokenization services for late-stage, pre-IPO unlisted shares on SDX's blockchain custody platform. Citi will serve as the custodian and issuance agent. The project is expected to go live in Q3 of this year, initially focusing on Switzerland, Singapore, and other regions in Asia (excluding U.S. investors).

SDX's blockchain securities custody system is built on R3 Corda technology, allowing investors to directly access tokenized assets through existing bank accounts. Digital asset bank Sygnum and Singapore's SBI Digital Markets will also participate in the project, assisting with equity sourcing and access services. (CoinDesk)
Next news:Wu Shuo has learned from the official announcement that Binance will launch Maple Finance (SYRUP) and Kamino Finance (KMNO) on 2025-05-06 at 15:00 (UTC) and enable seed tags. New spot trading pairs: SYRUP/USDT, SYRUP/USDC, KMNO/USDT, and KMNO/USDC.
Next news:

Odaily Planet Daily reports that Anysphere, the company behind the AI code editor Cursor, has just completed a $900 million financing round led by Thrive Capital, with a valuation reaching $9 billion. This round attracted top venture capital firms, including a16z and Accel. Cryptocurrency exchange FTX was a seed round investor in Cursor, but after FTX's bankruptcy liquidation, its liquidation team sold the Cursor shares they held for $200 thousand, and these shares have now surged in value to about $500 million.

Cursor is known as an AI-powered code editor and has recently developed rapidly. Before this round of financing, Anysphere raised $105 million in a Series B round led by Thrive Capital and Andreessen Horowitz at the end of 2023, with a valuation of $2.60 billion at that time. Its valuation has tripled in just a few months. (Financial Times)

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.