SoSo Daily May 25 | Elon Musk changed his X account name from Kekius Maximus to Elon Musk
Crypto Market Update
Let's turn our attention to today's overall Crypto market situation.
As of 00:00 Hong Kong time on May 25, 2025, according to sosovalue, the total market cap of the crypto market stands at 3.52 trillion US dollars, witnessing a decrease of 2.04% compared to yesterday; the total trading volume is 86.17 billion US dollars, marking a decline of 52.2% from the previous day.
Cryptocurrency Market Update - May 25, 2025
According to sosovalue, the price of $BTC is 107,760 USD, an increase of 0.413% from yesterday. The market cap of $BTC is 2.14 trillion USD, accounting for 60.9% of the total market cap; $BTC's 24-hour trading volume is 25.12 billion USD, making up 29.2% of the total trading volume.
The price of $ETH is 2,529.5 USD, up 0.119% from yesterday; the market cap of $ETH is 305.38 billion USD, representing 8.68% of the total market cap; $ETH's 24-hour trading volume is 11.34 billion USD, comprising 13.2% of the total trading volume.
The combined market capitalization of $BTC and $ETH accounts for 69.58% of the total cryptocurrency market cap, and their combined trading volumes constitute 42.4% of the total trading volume.
As of 12:00 Hong Kong time, according to sosovalue, the top five gainers are:
Top 1 gainer is NexGami (NEXG). As of 00:00 today, its coin price is 0.000043230 USD, witnessing a 24-hour increase of 82.7%.
The second is SHILL Token (SHILL). As of 00:00 today, its coin price is 0.00043460 USD, with a 24-hour increase of 59.7%.
The third is Ferrum Network (FRM). As of 00:00 today, its coin price is 0.00042390 USD, showing a 24-hour increase of 56.2%.
In fourth place is Gitcoin (GTC). As of 00:00 today, its coin price is 0.000040230 USD, with a 24-hour rise of 41.9%.
In fifth place is Flamingo Finance (FLM). As of 00:00 today, its coin price is 0.041200 USD, increasing by 30.4% over the last 24 hours.
Sector Performance in Crypto Market
Moving on, let's take a look at the sector performance in crypto market.
According to sosovalue, out of 16 sectors, 14 are up and 2 are down. Today, there are no sector with a price change exceeding 2%.
Let's go through the Crypto news worth paying attention today according to sosovalue:
The first is: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:
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:Odaily Planet Daily News: Elon Musk posted on the X platform saying, "I have returned to working 24 hours a day, sleeping in meeting rooms/server rooms/factory rooms. I must pay close attention to X/xAI and Tesla because we have critical technologies being launched. This week's X uptime issues indicate that significant operational improvements are needed. Failover redundancy was supposed to be effective but in reality, it did not work."
Next news:The New York Police Department arrested two suspects accused of kidnapping and torturing an Italian tourist to extort access to the tourist's financial accounts. John Walz, 37, and a 24-year-old female accomplice committed the crime on May 6 in a luxury apartment in SoHo, New York. The victim managed to escape after being detained and abused, subsequently reporting the incident to the authorities. Walz was an early adopter of Bitcoin and involved in the development of multiple cryptocurrency projects. He faces multiple charges, including second-degree assault, first-degree kidnapping, and unlawful imprisonment. This incident highlights an increase in violent crimes targeting cryptocurrency wealthy individuals.
Next news:Odaily Planet Daily News: OKX market data shows that $BTC rebounded and broke through 109,000 USDT, currently quoted at 109,018.5 USDT, with a 24-hour increase narrowing to 1.76%. (This news brief was AI-assisted generated)
Next news:Wu Shuo learned that, according to @EmberCN monitoring, James Wynn closed Bitcoin long positions worth approximately 1.20 billion USD sequentially between 6:40 and 7:27 AM on May 25, taking 47 minutes in total. The average opening price was 108,921 USD, and the average closing price was 107,746 USD, resulting in a loss of about 13.39 million USD on a single trade. Despite this loss, the cumulative profit from multiple opening and closing operations in recent days still amounts to approximately 8.45 million USD.
Next news:Bitcoin fell below 109,000 USDT
Next news:
Odaily Planet Daily reports, according to xDaily, that the X platform today appears to have experienced a large-scale network outage, possibly related to a fire at a data center leased by X in Oregon. Since 8:42 PM Beijing time yesterday, over 25 thousand users have reported abnormal network issues on the X platform.
Next news:Riot Platforms will expand its credit facility with Coinbase to 200 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.