SoSo Daily Jun 9 | Vitalik: AI has almost no help in my field of expertise.

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 MuxyAI ($MAI). As of 00:00 today, its market cap is 3.74M USD, with a coin price of 0.00527 USD, witnessing a 24-hour increase of 122%.
The second is Department Of Government Efficiency ($DOGE). As of 00:00 today, its coin price is 0.01695 USD, with a 24-hour increase of 45.2%.
The third is $Pirate Nation ($PIRATE). As of 00:00 today, its coin price is 0.06685 USD, showing a 24-hour increase of 34.5%.
In fourth place is Moongate ($MGT). As of 00:00 today, its coin price is 0.00154 USD, with a 24-hour rise of 31.6%.
In fifth place is DinoLFG ($DINO). As of 00:00 today, its coin price is 0.0008812 USD, increasing by 29.2% 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, 7 are up and 9 are down. Notably, PayFi sector is worth mentioning.
PayFi sector has risen 3.34% relative to the UTC 0 time, led by gains in $KTA (16.7%), $pci (7.65%), and $plu (7.46%).

Let's go through the Crypto news worth paying attention today according to sosovalue:
The first is:ChainCatcher news: Vitalik posted on the X platform stating: My experience with artificial intelligence is somewhat opposite; in areas where I am an expert, AI is almost of no help, but in areas where I am a beginner, AI is very useful (recent examples: writing native Android applications, learning the internal structure of Linux).
Next news:Wu Shuo learned that Jack Zhang, co-founder and CEO of cross-border payment unicorn Airwallex, posted a message questioning the actual use cases of stablecoins. He stated that even if the price of stablecoins remains stable, if the recipient still requires accounting in the local currency (such as EUR), the off-ramp cost of stablecoins is much higher than that of the traditional interbank foreign exchange market, making it difficult to save costs. Additionally, Jack bluntly said, "After 15 years, no real use cases of cryptocurrencies have been seen," and asserted that "issuing currency is the responsibility of central banks," considering stablecoins merely financial speculation tools.
Next news:

ChainCatcher reports that, according to Onchain Lens monitoring, a certain whale deposited 1 trillion $PEPE tokens into Binance, worth 11.65 million USD.

This whale has held these $PEPE tokens for 21 days, initially withdrawing 2.21 trillion $PEPE tokens from Binance, valued at 27.68 million USD, and currently still holds 1.20 trillion $PEPE tokens (14 million USD).

Next news:According to ChainCatcher and reported by National Business Daily, the Hong Kong stablecoin regulations only allow designated licensed institutions to sell fiat-backed stablecoins in Hong Kong, and only fiat-backed stablecoins issued by licensed issuers may be sold to retail investors. Besides the aforementioned scenario, there is another "active promotion" scenario, where even if an entity is not directly engaged in regulated stablecoin activities, if it actively promotes to the public in Hong Kong or other regions that it is conducting or appears to be conducting such activities, it is also required to apply for a license.
Next news:ChainCatcher news: Strategy founder Michael Saylor once again released information related to the Bitcoin Tracker, accompanied by the caption: "Sending out more orange dots." Typically, the day after he posts Bitcoin Tracker information, Strategy discloses data on its increased Bitcoin holdings.
Next news:ChainCatcher reports that, according to Cointelegraph, U.S. Republican Congressman Tim Burchett has introduced the HR 3798 bill, aiming to establish a national strategic Bitcoin reserve and enshrine it into federal law.
Next news:ChainCatcher news: White House Press Secretary Karoline Leavitt expressed regret during an interview regarding Elon Musk's recent criticism of a certain bill. Leavitt stated: "I think it's unfortunate that now he has returned to his company but is criticizing the bill he once strongly supported. He had never publicly opposed it before. Of course, he has the right to speak up for his company."
Next news:ChainCatcher news: Cathie Wood recently expressed strong support for Tesla stock in an interview. She stated that if she could only choose one stock to invest in, she would choose TSLA. "This is the integration of our three major platforms—robots, energy storage, and artificial intelligence. It will not stop at Robotaxis; the future development of humanoid robots goes far beyond that. Our $2,600 price target (for 2030) is unrelated to humanoid robots—we simply believe this will be an investment period." Elon Musk shared this segment of the interview.
Next news:ChainCatcher news: Nick Tomaino, founder of 1confirmation, posted on the X platform stating that Polymarket is the first mainstream consumer crypto product that succeeded without token speculation. He believes more similar products will emerge in the future as the infrastructure and user experience are already in place. What is needed are more visionary founders who have confidence in themselves, regardless of public opinion. The collaboration between X and Polymarket represents a significant victory for cryptocurrency. Without USDC on Ethereum, Polymarket's success would have been impossible.
Next news:According to ChainCatcher, citing Russian news agencies such as RIA Novosti and the Russian newspaper Izvestia, Errol Musk, Elon Musk's father, arrived in Moscow on June 7 to attend the "Future 2050 International Forum" held from June 9 to 10. On the 7th, Errol gave an interview to Russian media in Moscow, frankly stating that the public dispute between his son Elon and Trump was a mistake. Errol said, "This is just a small matter that will be over by tomorrow." He explained, "Both sides have endured five months of high-pressure situations and need a breather. They are extremely exhausted and under great stress from clearing opposing forces and working to restore national order, so such incidents are to be expected." Furthermore, Errol clearly stated, "Trump will surely win; he is the elected president, so I think Elon made a mistake."

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.