SoSo Daily May 20 | JamesWynnReal opened a long position of 5,520 BTC with 40x leverage, with a position value reaching 570 million USD.

Let's turn our attention to today's overall Crypto market situation.
As of 12:01 PM on May 20, 2025, according to sosovalue, the total market cap of the crypto market stands at 3.44 trillion US dollars, witnessing an increase of 0.238% compared to yesterday; the total trading volume is 122.29 billion US dollars, marking a decline of 19% from the previous day.

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 Chain Guardians (CGG). As of 12:00 today, its market cap is 782.85K, with a coin price of 0.0069960 USD, witnessing a 24-hour increase of 106%.
The second is MetaCene (MAK). As of 12:00 today, its coin price is 0.0092660 USD, with a 24-hour increase of 82.9%.
The third is pSTAKE Finance (PSTAKE). As of 12:00 today, its coin price is 0.041030 USD, showing a 24-hour increase of 45.4%.
In fourth place is Serum (SRM). As of 12:00 today, its coin price is 0.017700 USD, with a 24-hour rise of 45.4%.
In fifth place is Wasder (WAS). As of 12:00 today, its coin price is 0.00061800 USD, increasing by 35.5% over the last 24 hours.




Let's go through the Crypto news worth paying attention today according to sosovalue:
The first is:JamesWynnReal opened a long position with 40x leverage on 5,520 $BTC, with the position value reaching 570 million USD.
Next news:On Monday evening, the U.S. Senate voted to pass a procedural motion on groundbreaking legislation regarding stablecoins—the Guidance and Establishment of National Innovation for U.S. Stablecoins Act (GENIUS Act)—allowing for further debate. The bill requires stablecoins to be fully backed by U.S. dollars or similar liquid assets, mandates annual audits for issuers with a market capitalization exceeding 50 billion USD, and increases regulations concerning foreign issuers. Some Democratic senators supported the bill, while Senate Minority Leader Schumer and other Democrats voted against it. After passing the procedural motion, senators will vote on amendments to the bill and push for a final vote. The legislation aims to regulate the stablecoin market and promote the healthy development of blockchain technology, but it has also raised concerns about the relationship between Trump and cryptocurrencies. Meanwhile, Congress plans to advance broader digital asset regulatory legislation, with some lawmakers proposing to merge the stablecoin bill with the market structure bill.
Next news:Anza, a developer studio spun out of Solana Labs, has proposed Alpenglow, described as the biggest change to Solana's core protocol. This upgrade introduces a redesigned consensus mechanism replacing the existing TowerBFT proof-of-stake and proof-of-history systems with new components named Votor and Rotor. Votor handles consensus logic with a faster direct communication method for block finalization, potentially reducing block processing times to 100–150 milliseconds. Rotor improves block propagation by optimizing bandwidth and using erasure-coding for block reconstruction. Solana founder Anatoly Yakovenko praised Alpenglow for meeting key requirements of consensus efficiency and finality. Anza also maintains Solana's Agave client validator software.
Next news:

According to SoSoValue data, Bitcoin spot ETF saw a total net inflow of 667.44M USD yesterday (Eastern Time, May 19th).

The Bitcoin Spot ETF with the highest net inflow yesterday was BlackRock's ETF IBIT, with a daily net inflow of 305.92M USD, and the total historical net inflow of IBIT currently stands at 45.86B USD.

The second highest was Fidelity's ETF FBTC, with a daily net inflow of 188.08M USD, and the total historical net inflow of FBTC currently stands at 11.78B USD.

The Bitcoin Spot ETF with the highest net outflow yesterday was Invesco and Galaxy Digital's ETF BTCO, with a daily net outflow of 5.27M USD, and the total historical net inflow of BTCO currently stands at 106.16M USD.

As of the time of publication, the total net asset value of Bitcoin Spot ETFs is 124.97B USD, with an ETF net asset ratio (market capitalization relative to the total Bitcoin market cap) of 5.96%. The historical cumulative net inflow has reached 42.44B USD.

Source: https://sosovalue.com/zh/assets/etf/us-btc-spot

Next news:Wu Shuo learned that, according to crypto journalist Eleanor Terrett, the U.S. Senate voted to pass the "cloture motion" to end debate and move the GENIUS Act into formal consideration. At least 15 Democratic senators, including Cortez Masto, Adam Schiff, and Mark Warner, changed their positions to vote in favor. Despite Minority Leader Schumer casting a dissenting vote, the motion was successfully passed. The bill will now proceed to full deliberation.
Next news:Wu Shuo learned that, according to OnchainLens monitoring, a certain whale deposited 186,002.69 SOL (approximately 31.08 million USD) into Coinbase after staking for 10 months. The whale initially staked 174,479.2 SOL (valued at 31.90 million USD at the time), earning a total of 11,540 SOL in rewards during the period. However, due to the decline in SOL price, the overall position still incurred a loss of about 823 thousand USD.
Next news:Bitcoin's price rebounded to $105,000 after the Wall Street opening, up 2.5% from the day's low. Market volatility persists, with traders divided on Bitcoin's future trajectory. Some analysts believe the Bitcoin bull market may be nearing its end. Renowned analyst Rekt Capital suggests that Bitcoin needs to maintain support around $104,400 to complete a pullback after the breakout. Trader Daan Crypto Trades is focusing on the $102,000 to $106,000 price range, wary of a price breakout. On-chain analytics firm Glassnode points out that $106,600 is an important short-term watch point, as a large number of Bitcoin holders are holding at this price level. On the other hand, trader Roman warns that multiple bearish signals indicate the bull market may be coming to an end, especially the weekly stochastic relative strength index (RSI) showing an overbought condition. Recently, the market has seen various short-term price forecasts, including a target price of $116,000 and a potential pullback risk to $90,000. This article does not constitute investment advice; investors should conduct their own research and judgment.
Next news:

Circle submitted an IPO application in April 2025, targeting a valuation of 5 billion USD, but according to insiders from banks and private equity, Circle is in talks with Coinbase and Ripple regarding potential acquisition deals.

Ripple had proposed an acquisition offer ranging from 4 billion to 5 billion USD, intending to pay with XRP and cash, but it was rejected.

Previously, Coinbase CEO Brian Armstrong, when asked about acquiring Circle, stated that there are currently no deals to announce, but future transactions will depend on decisions from both parties. (Fortune)

Next news:Background: Indonesian fintech company DigiAsia was listed on NASDAQ, focusing on cashless payment and digital wallet services. Its revenue reached 101 million USD in 2024, a year-on-year increase of 36%, with an expected revenue growth of 24% in 2025.

Key Event: DigiAsia announced plans to raise up to 100 million USD to purchase Bitcoin and establish a Bitcoin treasury reserve. The company intends to allocate 50% of its net profit to Bitcoin acquisitions. It is in discussions with regulated partners regarding Bitcoin yield strategies and is evaluating capital market solutions including equity-linked issuances, convertible bonds, and structured crypto financial instruments.

Market Reaction: After the announcement, DigiAsia's stock price surged 91% on NASDAQ but dropped 23.47% in after-hours trading. The stock has fallen 96% over the past year.

Industry Background: DigiAsia's Bitcoin investment strategy is similar to companies like Strategy and Metaplanet, which have also recently significantly increased their Bitcoin holdings.

Potential Impact: This move indicates growing interest among publicly traded companies in allocating assets to Bitcoin, which may drive the development of related markets and financial products.
Next news:Succinct announced the launch of the PROVE token as the native token of its zero-knowledge proof (ZK) validator network. This network is an Ethereum-based decentralized protocol designed to connect users who need proofs with entities generating proofs, supporting applications such as blockchain validation, cross-chain bridging, and artificial intelligence workloads. The network architecture adopts a design that separates off-chain execution from on-chain settlement. The PROVE token serves as a payment medium and incentive mechanism, supporting validator staking and penalty mechanisms, and grants governance rights to token holders. Currently, Succinct's validator network is in the second phase of the testnet and is expected to enter the mainnet soon. The project's core development team, Succinct Labs, completed a $55 million Series A funding round led by Paradigm in 2024.

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.