SoSo Daily Jun 16 | Bybit plans to launch Byreal, a hybrid decentralized exchange based on Solana, in the third quarter.

After reviewing the overall crypto market situation, let's shift our focus to the top 5 token gainers of the day:
As of 05:50 on June 16, 2025, according to sosovalue, the top five gainers are:
Top 1 gainer is TIME. As of 05:50 today, its market cap is 317.16K, with a coin price of 0.00000068127 USD, witnessing a 24-hour increase of 113%.
The second is Network3. As of 05:50 today, its coin price is 0.00022480 USD, with a 24-hour increase of 66.5%.
The third is Marinade. As of 05:50 today, its coin price is 0.16359 USD, showing a 24-hour increase of 34.7%.
In fourth place is Housecoin. As of 05:50 today, its coin price is 0.042190 USD, with a 24-hour rise of 31.2%.
In fifth place is Skate. As of 05:50 today, its coin price is 0.046470 USD, increasing by 28.4% over the last 24 hours.


Moving on, let's take a look at the sector performance in crypto market.
Acccording to sosovalue, out of 16 sectors, 14 are up and 2 are down. Notably, DeFi, RWA, and Layer1 sectors are worth mentioning.
DeFi sector has risen 2.76% relative to the UTC 0 time, led by gains in mnde (34.8%), NPT (26.4%), and SKATE (26.4%).
RWA sector has increased 2.49% relative to UTC 0, with KTA (10.4%), mkr (7.63%), and cpool (6.28%) leading the rise.
Layer1 sector has risen 2.43%, with mtrg (14.1%), KTA (10.4%), and tlos (9.77%) leading the rise.

Let's go through the Crypto news worth paying attention today according to sosovalue:
The first is:Cryptocurrency exchange Bybit plans to launch Byreal, a hybrid decentralized exchange based on Solana, in the third quarter. The platform combines the liquidity of centralized exchanges with the transparency of DeFi.
Next news:Metaplanet, a Japanese investment firm, recently acquired 1,112 $BTC for $117.2 million, raising its total Bitcoin holdings to 10,000 $BTC and surpassing Coinbase Global's 9,267 BTC. The company plans to allocate funds from an $210 million bond issuance toward Bitcoin purchases. Metaplanet's stock surged over 17% following the announcement, with a 408% increase since early 2024. The firm aims to hold over 210,000 $BTC by 2027, representing 1% of total Bitcoin supply, supported by a $5.4 billion equity offering to buy more Bitcoin. Meanwhile, Michael Saylor's Strategy leads globally with 582,000 $BTC holdings.
Next news:According to ChainCatcher, based on the announcement from Metaplanet, the company's board of directors has resolved to issue the 18th series of ordinary bonds to EVO FUND, amounting to 210 million USD with an interest rate of 0%. All the funds will be used to purchase Bitcoin. The bonds will mature on December 12, 2025, and early redemption is also permitted.
Next news:According to ChainCatcher, as reported by Cointelegraph, Michael Saylor, Executive Chairman of Strategy (formerly MicroStrategy), met with Pakistan's Finance Minister Muhammad Aurangzeb and Blockchain Minister Bilal Bin Saqib to discuss how Bitcoin can function as a national reserve asset. Saylor expressed his willingness to serve as an advisor for Pakistan's cryptocurrency program. Pakistan has recently shifted towards supporting cryptocurrencies, establishing a cryptocurrency regulatory body last month and planning to create a Bitcoin reserve. Minister Saqib stated that Pakistan should follow Saylor's example of transforming Strategy into a Bitcoin acquisition vehicle. The Pakistan Crypto Commission submitted a legal framework draft on June 6, with the Finance Ministry agreeing to expedite the approval process. The Pakistan government aims to lead the Global South in digital asset development and adoption.
Next news:

According to Wu Shuo and GMGN data, the Memecoin USELESS launched by LetsBONK fun has been continuously soaring recently, with its market value reaching up to 100 million USD. Unipcs, the soul figure of the Bonk community, is the second-largest holder of USELESS, holding 2.81% of the total tokens.

From May 11 to June 5, Unipcs spent 381.90 thousand USD to purchase 28.10 million USELESS tokens at an average price of $0.01353, and has never sold any. Currently, the unrealized profit has reached 1.90 million USD.

Next news:

According to data from SoSoValue, during last week’s trading days (June 9 to June 13, ET), Ethereum spot ETFs recorded a total weekly net inflow of $528 million, with none of the nine ETFs experiencing outflows.

The ETF with the highest weekly net inflow was BlackRock’s ETHA, which brought in $381 million. ETHA’s cumulative net inflow has now reached $5.24 billion.
Fidelity’s ETF FETH followed with a weekly net inflow of $78.49 million, bringing its total historical net inflow to $1.59 billion.

As of the time of writing, the total net asset value (NAV) of Ethereum spot ETFs stands at $10.03 billion, representing 3.26% of Ethereum’s total market capitalization. The cumulative net inflow has reached $3.85 billion.

Next news:According to ChainCatcher, based on on-chain data analyst Yu Jin's monitoring, trader AguilaTrades completed an increase in long positions early this morning. The current position is valued at 261 million USD, with 20x leverage long on 2,474 BTC. The opening price was 105,084 USD, the liquidation price is 99,849 USD, and the unrealized profit is 1.28 million USD.
Next news:

ChainCatcher reports that according to Protos, U.S. prosecutors have filed a motion to block expert witnesses for Tornado Cash founder Roman Storm from testifying, labeling them as a "Trojan horse" that would waste the jury's time and confuse jurors' understanding of privacy, tokenomics, and KYC. Roman Storm's defense team requires more time to respond to a large volume of documents, but prosecutors oppose a two-day extension.

Additionally, the U.S. Department of Justice has dropped the "unlicensed money transmission" charges against Roman Storm and no longer classifies Tornado Cash as a "financial institution," although money laundering charges remain. Roman Storm's trial is expected to begin on July 14 in New York, with Vitalik Buterin and the Ethereum Foundation expressing their support.

Next news:Foresight News reports that according to Lookonchain monitoring, a whale holding 20 million AURA tokens for over a year sold 10 million AURA tokens yesterday in exchange for 12,605 SOL (approximately 1.84 million USD), with a total profit exceeding 3.40 million USD.
Next news:Foresight News reports that according to monitoring by @ai_9684xtpa, a certain whale allegedly liquidated 1,605 $ETH about 5 hours ago (approximately 4.03 million USD). If sold, the loss would be 480,000 USD. This portion of $ETH was withdrawn by the address from OKX and Kanga Exchange between June 2024 and February 2025 at an average price of 2,814 USD. The current deposit price is 2,515 USD, reflecting a 10% decline during this period.

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.