SoSo Daily May 24 | Solana Launches New Validation Service SAS, Supporting Multiple Data Verification Methods

After reviewing the overall crypto market situation, let's shift our focus to the top 5 token gainers of the day:
As of 17:50 Hong Kong time, according to sosovalue, the top five gainers are:
Top 1 gainer is Gitcoin (GTC). As of 17:50 today, its market cap is 2.90K, with a coin price of 0.000047640 USD, witnessing a 24-hour increase of 72%.
The second is SHILL Token (SHILL). As of 17:50 today, its coin price is 0.00041260 USD, with a 24-hour increase of 49.9%.
The third is Streamflow (STREAM). As of 17:50 today, its coin price is 0.060010 USD, showing a 24-hour increase of 43.3%.
In fourth place is Space Nation Oikos (OIK). As of 17:50 today, its coin price is 0.062290 USD, with a 24-hour rise of 39%.
In fifth place is BOSagora (BOA). As of 17:50 today, its coin price is 0.011400 USD, increasing by 37.5% 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, 2 are up and 14 are down. Notably, AI, Meme, and Layer2 sectors are worth mentioning.
AI sector has fallen 3.72% relative to the UTC 0 time, led by declines in CXT (-28.4%), ava (-26.8%), and dsla (-21%).
Meme sector has decreased 4.09% relative to UTC 0, with TERMINUS (-11.9%), DARK (-11.7%), and popcat (-11.5%) leading the drop.
Layer2 sector has fallen 4.18%, with MERL (-18.3%), cult (-16.8%), and SAGA (-14.4%) leading the decline.

Let's go through the Crypto news worth paying attention today according to sosovalue:
The first is:Solana has launched a new verification service, SAS, which supports multiple data verification methods aimed at enhancing the security and reliability of blockchain data.
Next news:In the United States' first case involving cryptocurrency manipulation, a trader successfully overturned a fraud conviction for allegedly exploiting Mango Markets' rules to steal 110 million USD. U.S. District Judge Arun Subramanian dismissed Avraham Eisenberg's fraud and manipulation convictions on Friday and acquitted him of the third charge. The judge ruled that the trial evidence was insufficient to support the jury's finding that Eisenberg made false statements regarding Mango Markets, a decentralized finance platform operated by smart contracts.
Next news:

According to Wu Shuo's report and monitoring by OnchainLens, renowned trader James Wynn currently holds a 40x leveraged long position in Bitcoin worth nearly 1.20 billion USD, with unrealized losses exceeding 21 million USD and realized profits of 35.19 million USD. In addition, James is gradually closing his long position in PEPE.

Next news:Elon Musk changed his X account name from Kekius Maximus to Elon Musk.
Next news:Binance announced that it has additionally airdropped 50 SOON tokens to users who claimed the SOON airdrop.
Next news:Bitget Onchain Trading Launches PHDKitty Token
Next news:James Wynn closed his position in PEPE, accumulating a profit of 25.18 million USD.
Next news:

According to TechFlow, on May 24, Downdetector.com, a downtime tracking website, reported that Elon Musk's social media platform "X" experienced outages affecting tens of thousands of users in the United States on Saturday. Downdetector stated that as of 8:39 AM Eastern Time, over 25 thousand people reported issues with the social media platform.

Next news:

According to TechFlow on May 24, Cointelegraph reported that Jesse Myers, Bitcoin Strategy Head at Moon Inc., predicts that by 2045, Bitcoin treasury companies will hold 50% of all Bitcoin, far exceeding most Bitcoin holders' expectations. Myers stated on the X platform that Michael Saylor's Strategy company will hold Bitcoin worth 70 trillion USD by 2045, becoming the "most valuable company in history."

Myers explained that the total value of global assets is about 1 quadrillion USD, with Bitcoin accounting for only 0.2%. He believes that over time, more capital will "seep" into Bitcoin, especially from the bond market, which holds approximately 318 trillion USD in funds seeking better value storage.

He pointed out: "The outflow from fiat assets (bonds and currency) has already begun in the past two years. Hard currency assets (Bitcoin and gold) are the direction of capital flow." According to Bitbo data, listed companies, private enterprises, ETFs, and countries collectively hold about 3.23 million Bitcoins, valued at approximately 348.25 billion USD.

Next news:Wu Shuo has learned that Orbiter Token (OBT) has been launched on Binance Alpha.

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.