SoSo Daily May 11 | Trump announced that India and Pakistan have agreed to a comprehensive immediate ceasefire.
SoSo Newsletter
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May 11, 2025
Let's turn our attention to today's overall Crypto market situation.
As of 00:01 Hong Kong time on May 11, 2025, according to sosovalue, the total market cap of the crypto market stands at 3.49 trillion US dollars, witnessing an increase of 1.72% compared to yesterday; the total trading volume is 127.20 billion US dollars, marking a decline of 29% from the previous day.
As of 00:01 Hong Kong time on May 11, 2025, according to sosovalue, the total market cap of the crypto market stands at 3.49 trillion US dollars, witnessing an increase of 1.72% compared to yesterday; the total trading volume is 127.20 billion US dollars, marking a decline of 29% from the previous day.
Cryptocurrency Market Update - May 11, 2025
According to sosovalue, the price of $BTC is 104,680 USD, an increase of 1.54% from yesterday. The market cap of $BTC is 2.08 trillion USD, accounting for 59.5% of the total market cap; $BTC's 24-hour trading volume is 19.08 billion USD, making up 15% of the total trading volume.
The price of $ETH is 2,578.2 USD, up 9.56% from yesterday; the market cap of $ETH is 311.26 billion USD, representing 8.91% of the total market cap; $ETH's 24-hour trading volume is 27.09 billion USD, comprising 21.3% of the total trading volume.
The combined market capitalization of $BTC and $ETH accounts for 68.41% of the total cryptocurrency market cap, and their combined trading volumes constitute 36.3% of the total trading volume.
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 NuLink. As of 00:00 today, its coin price is 0.0064260 USD, witnessing a 24-hour increase of 103%.
The second is Matr1x. As of 00:00 today, its coin price is 0.12735 USD, with a 24-hour increase of 84.8%.
The third is BOBO. As of 00:00 today, its coin price is 0.00000064000 USD, showing a 24-hour increase of 61.4%.
In fourth place is SafeMoon. As of 00:00 today, its coin price is 0.000030230 USD, with a 24-hour rise of 61.1%.
In fifth place is Ether.fi. As of 00:00 today, its coin price is 1.1270 USD, increasing by 51.3% over the last 24 hours.
As of 12:00 Hong Kong time, according to sosovalue, the top five gainers are:
Top 1 gainer is NuLink. As of 00:00 today, its coin price is 0.0064260 USD, witnessing a 24-hour increase of 103%.
The second is Matr1x. As of 00:00 today, its coin price is 0.12735 USD, with a 24-hour increase of 84.8%.
The third is BOBO. As of 00:00 today, its coin price is 0.00000064000 USD, showing a 24-hour increase of 61.4%.
In fourth place is SafeMoon. As of 00:00 today, its coin price is 0.000030230 USD, with a 24-hour rise of 61.1%.
In fifth place is Ether.fi. As of 00:00 today, its coin price is 1.1270 USD, increasing by 51.3% 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, 14 are up and 1 is down. Notably, Meme, Layer2, and $ETH sectors are worth mentioning.
Meme sector has risen 14.3% relative to the UTC 0 time, led by gains in BOBO (63.5%), sfm (60.4%), and NEIRO (52.3%).
Layer2 sector has increased 10.2% relative to UTC 0, with gel (26.8%), arb (26.4%), and op (18.5%) leading the rise.
$ETH sector has risen 9.52%, with $eth (9.52%) leading the rise.
Let's go through the Crypto news worth paying attention today according to sosovalue:
The first is:
According to TechFlow, on May 10, Walter Bloomberg reported that Trump announced India and Pakistan have agreed to implement a comprehensive and immediate ceasefire.
Next news:Odaily Planet Daily News: According to OnchainLens monitoring, a whale address has become active again after 3 months, transferring 7,078 $ETH to OKX. Based on the current price, the total value is approximately 17.20 million USD. This address is facing an unrealized loss of about 1.49 million USD from this operation.
Next news:Background Information:
Two 16-year-old boys from Pasco County, Florida, are facing a total of 22 felony charges for allegedly kidnapping a man in Las Vegas and stealing $4 million worth of cryptocurrency and NFTs. The incident occurred in November last year when the victim was kidnapped after attending a cryptocurrency-related event in downtown Las Vegas.
Main Events:
Three teenagers, under armed threat, forced the victim to drive for an hour to a remote desert near the Arizona border, compelling him to hand over his financial account passwords. The victim then walked five miles alone to a gas station to seek help. The two 16-year-olds are being tried as adults and face 11 felony charges each. The third suspect is reportedly no longer in the United States.
Impact and Related Background:
This incident highlights an increase in violent crimes targeting cryptocurrency millionaires. Similar cases include the kidnapping and extortion of a Ledger co-founder in France, as well as other abduction and threat incidents targeting cryptocurrency holders in various countries. Notably, streamer Amouranth has also experienced a home invasion robbery related to cryptocurrency.
Special Note:
This article does not mention SoSoValue.
Next news:SkyBridge founder Anthony Scaramucci recently stated on Anthony Pompliano's podcast that sovereign wealth funds (SWFs) have begun small-scale purchases of Bitcoin but large-scale buying will only occur after the U.S. clarifies digital asset regulations. He pointed out that if stablecoin regulation is approved, traditional banks are permitted to custody Bitcoin, and progress is made in asset tokenization, SWFs could invest hundreds of millions to billions of dollars in Bitcoin. Scaramucci believes that for Bitcoin's price to reach one million USD, sovereign institutions must recognize it as part of the global financial services infrastructure. (Cointelegraph)
Next news:Democratic Senators, including Chris Van Hollen of Maryland and Elizabeth Warren of Massachusetts, have requested senior officials from the Treasury and Justice Departments to provide answers regarding the relationship between cryptocurrency giant Binance and a digital asset project related to the Trump family. In a letter sent on Friday to Treasury Secretary Scott Baesler and Attorney General Pam Bondi, the senators expressed concerns about the connection between President Trump and an exchange that was found to have violated U.S. anti-money laundering and sanctions laws. Sheldon Whitehouse of Rhode Island and Richard Blumenthal of Connecticut also signed the letter.
Next news:According to Xinhua News Agency, high-level economic and trade consultations between China and the United States officially commenced on the morning of May 10 in Geneva, Switzerland. The Chinese delegation was led by He Lifeng, member of the Political Bureau of the CPC Central Committee and Vice Premier of the State Council, while the US delegation was headed by Treasury Secretary Janet Yellen. The consultations aim to promote the development of economic and trade relations between the two countries.
Next news:Background Information: Nick Tomaino, founder of 1confirmation, shared his views on the X platform discussing the potential of Bitcoin ($BTC) and Ethereum ($ETH) as internet-native stores of value.
Main Content:
- $BTC, as the first cryptocurrency serving the general public, has a market value exceeding 2 trillion dollars. Its math-trust-based store of value is changing the world. Nonetheless, $BTC currently primarily serves as an institutional asset for large enterprises and governments, lacking practical applications to attract new users, with market share expansion relying mainly on its store of value function.
- $ETH acts as a trusted and neutral internet-native store of value, supporting a variety of developer platforms including stablecoins, decentralized finance (DeFi), NFTs, prediction markets, decentralized social networks, and identity solutions. New use cases that have driven the sector over the past decade have all appeared on Ethereum, attracting new users and promoting increased value distribution and scarcity of ETH.
- Regarding whether there will be only one trusted and neutral internet-native store of value in the future, Nick Tomaino believes there may be multiple, but currently only $BTC and $ETH are viable options.
Potential Impact: This viewpoint emphasizes the important positions of $BTC and $ETH in the digital asset domain and their different application scenarios, suggesting that investors and industry observers should pay attention to the long-term development potential of both.
Next news:According to data disclosed by on-chain analyst Ali Martinez on the X platform, whale investors purchased more than 20,000 bitcoins in the past 48 hours. This information was reported by PANews on May 10.
Next news:
According to TechFlow's deep dive, on May 11, lookonchain monitoring revealed that a certain address traded RATO, converting 0.092 $ETH (203 USD) into 56.41 $ETH (136.90 thousand USD), achieving a 674-fold return.
Next news:In the past 24 hours, the total liquidation amount across the entire network reached 627 million USD, of which the liquidation amount for short positions was 342 million USD.
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.
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