SoSo Daily May 12 | Guotai Junan International Expands Tokenized Securities Business, Receives No Objection Confirmation from CSRC

After reviewing the overall crypto market situation, let's shift our focus to the top 5 token gainers of the day:
As of 00:00 Hong Kong time, according to sosovalue, the top five gainers are:
Top 1 gainer is Koinos (KOIN). As of 00:00 today, its market cap is 5.83M USD, with a coin price of 0.070540 USD, witnessing a 24-hour increase of 69%.
The second is Blocto (BLT). As of 00:00 today, its coin price is 0.0013082 USD, with a 24-hour increase of 64.9%.
The third is MOO DENG (MOODENG). As of 00:00 today, its coin price is 0.22078 USD, showing a 24-hour increase of 60.2%.
In fourth place is Gari Network (GARI). As of 00:00 today, its coin price is 0.0041650 USD, with a 24-hour rise of 59.8%.
In fifth place is Wombat Exchange (WOM). As of 00:00 today, its coin price is 0.025070 USD, increasing by 48.6% 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, 0 are up and 16 are down. Notably, NFT, PayFi, and Meme sectors are worth mentioning.
NFT sector has fallen 4.01% relative to the UTC 0 time, led by declines in DOOD (-15.7%), vee (-9.3%), and muse (-9.12%).
PayFi sector has decreased 4.26% relative to UTC 0, with ecox (-16.8%), ultima (-9.36%), and pip (-6.51%) leading the drop.
Meme sector has fallen 5.88%, with GRIFT (-53.4%), UFD (-50.3%), and CULT (-49.1%) leading the decline.

Let's go through the Crypto news worth paying attention today according to sosovalue:
The first is:Wu Shuo has learned that Guotai Junan International announced that its business plan for tokenized securities distribution and digital bond issuance submitted to the Hong Kong Securities and Futures Commission has been confirmed with no further issues. The company plans to expand tokenized distribution of structured products, funds, and bonds based on the existing foundation, and to serve as a coordinator in digital bond issuance, aiming to promote fintech applications and enhance market service capabilities.
Next news:The founder of Defillama revealed that a hacker successfully breached one of the addresses in Lido oracle's multisignature, extracting ETH. After the extraction, the hacker exposed their own trail, and the incident has drawn attention within the industry.
Next news:Ethereum's price surged by 40% over the past three days, attracting widespread market attention and successfully topping the Douyin trending chart at number one.
Next news:

According to TechFlow, on May 11, Lido announced on social media that Lido DAO has initiated an emergency proposal to replace the single Lido oracle node managed by Chorus One due to a suspected leak of Chorus One's oracle private key.

Staking users are unaffected, and the protocol remains secure and operational. Lido's oracle system employs a 9-of-5 multisignature mechanism, so a failure of a single oracle does not threaten the system, and the other nodes remain unaffected.

• The oracle system is operating normally, with no software or data anomalies detected;
• The remaining 8 oracle nodes have been inspected and found uncompromised;
• There is no evidence of a broader attack on Chorus One as a whole.

Next news:Hyperliquid 50x whale sells 3,724 $ETH, earning approximately 3.75 million USD
Next news:According to a report by the Financial Times, OpenAI and Microsoft are in negotiations aimed at unlocking new funding support and planning a future initial public offering (IPO). This news was forwarded by Jinshi and reported by PANews on May 11.
Next news:According to a report by PANews on May 11, Cointelegraph pointed out that Bitcoin's price fluctuated upwards over the weekend, reaching a recent high of nearly $105,000. Analyst Rekt Capital stated that the key weekly closing price for Bitcoin is approximately $104,500, which must be converted into a support level. Analysts believe that Bitcoin is on the verge of starting a second round of price discovery and an upward trend. The key lies in whether Bitcoin can close above the upper boundary of its recently regained reaccumulation zone this week. Market data shows that liquidity is currently concentrated near the current price, with $106,000 becoming the next key resistance level. However, some traders remain cautious about the short-term trend, fearing that the current rise may be a "false breakout," with the price potentially falling back to $102,000 or lower.
Next news:According to TechFlow, on May 11, Nick Tomaino, founder of 1confirmation, posted on the X platform stating that Ethereum is the leading platform for stablecoins, DeFi, NFTs, prediction markets, decentralized identity, decentralized social applications, and more. Numerous developers and companies such as Coinbase, BlackRock, Fidelity, Stripe, Kraken, Deutsche Bank, Sony, Visa, Polymarket, Uniswap, Aave, and Opensea are thriving within the Ethereum ecosystem. $ETH is a trusted and neutral store of value; as applications within the ecosystem continue to grow, its scarcity increases accordingly. It is also a capital-generating asset, with its protocol continuously evolving.
Next news:

According to TechFlow, on May 11, Michael Saylor, founder of Strategy, once again released information related to the Bitcoin Tracker, stating: "Connecting the dots."

Based on previous patterns, Strategy always discloses information about increasing Bitcoin holdings the day after such related announcements.

Next news:Nick Tomaino, founder of 1confirmation, stated on the X platform that Ethereum is the leading platform for applications such as stablecoins, DeFi, NFTs, prediction markets, decentralized identity, and decentralized social networks. Numerous developers and companies like Coinbase, BlackRock, Fidelity, Stripe, Kraken, Deutsche Bank, Sony, Visa, Polymarket, Uniswap, Aave, and Opensea are thriving within the Ethereum ecosystem. $ETH is regarded as a trusted and neutral store of value, and as the ecosystem's applications diversify, its scarcity is gradually increasing. At the same time, $ETH is also a capital-generating asset, with its protocol continuously evolving.

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.