SoSo Daily Jun 27 | Bybit has launched the SOSO USDT perpetual contract.

After reviewing the overall crypto market situation, let's shift our focus to the top 5 token gainers of the day:
As of 06:00 on June 27, 2025, according to sosovalue, the top five gainers are:
Top 1 gainer is Sahara AI (SAHARA). As of 06:00 today, its market cap is 164.55M USD, with a coin price of 0.080660 USD, witnessing a 24-hour increase of 303%.
The second is CESS Network (CESS). As of 06:00 today, its coin price is 0.0035000 USD, with a 24-hour increase of 250%.
The third is Onomy Protocol (NOM). As of 06:00 today, its coin price is 0.0022501 USD, showing a 24-hour increase of 232%.
In fourth place is XOCIETY (XO). As of 06:00 today, its coin price is 0.0049660 USD, with a 24-hour rise of 148%.
In fifth place is Oxygen (OXY). As of 06:00 today, its coin price is 0.0021610 USD, increasing by 43.9% 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, 0 are up and 16 are down. Notably, RWA, Meme, and PayFi sectors are worth mentioning.
RWA sector has fallen 2.57% relative to the UTC 0 time, led by declines in LTO (-33%), MGT (-18.1%), and SMT (-7.27%).
Meme sector has decreased 2.66% relative to UTC 0, with BANANA (-45.6%), TRUMP (-12.5%), and LOBO (-11.6%) leading the drop.
PayFi sector has fallen 3.74%, with KMD (-29.4%), CIRUS (-8.35%), and RUBY (-6.37%) leading the decline.

Let's go through the Crypto news worth paying attention today according to sosovalue:
The first is:

Bybit Innovation Zone has launched the SOSO USDT perpetual contract, supporting up to 20x leverage. [Foresight News]

Next news:Bakkt Holdings has filed an S-3 registration statement with the U.S. Securities and Exchange Commission for a total of $1,000,000,000, proposing to raise funds in stages through various securities. The specific issuance arrangements will depend on market conditions and terms. The proceeds from this fundraising are expected to be used for working capital and general corporate purposes, and some funds may also be allocated to Bitcoin or other digital assets in accordance with the updated investment policy. [吴说]
Next news:

According to SoSoValue data, Bitcoin spot ETF saw a total net inflow of 228.15M USD yesterday (Eastern Time, June 26th).

The Bitcoin Spot ETF with the highest net inflow yesterday was BlackRock's ETF IBIT, with a daily net inflow of 163.72M USD, and the total historical net inflow of IBIT currently stands at 52.16B USD.

The second highest was Fidelity's ETF FBTC, with a daily net inflow of 32.85M USD, and the total historical net inflow of FBTC currently stands at 11.80B USD.

As of the time of publication, the total net asset value of Bitcoin Spot ETFs is 133.53B USD, with an ETF net asset ratio (market capitalization relative to the total Bitcoin market cap) of 6.23%. The historical cumulative net inflow has reached 48.37B USD.

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

Next news:On June 27, Bloomberg reported that GF Securities' Hong Kong subsidiary has launched "GF Token," a tokenized securities product with daily interest and daily redemption, supporting multiple currencies including USD, HKD, and offshore RMB. Sources familiar with the matter revealed that the yield on the USD token is linked to the overnight secured financing rate (SOPR), while the specific rates for the HKD and RMB products are not yet clear. These tokenized securities feature daily interest accrual and daily redemption. The source requested anonymity because the matter has not been made public. GF Securities' move marks a further exploration by traditional financial institutions of blockchain technology in the securities field, particularly in providing offshore RMB-denominated tokenized products. [深潮 TechFlow]
Next news:The digital asset investment platform Jarsy has raised $5.00 million in a Pre-Seed round led by Breyer Capital, with participation from Karman Ventures and several angel investors.
It is reported that Jarsy officially announced its launch on Thursday. The platform aims to provide retail investors with tokenized shares of private company stock. Jarsy stated that it plans to use the funds for new product development and to strengthen its compliance measures. [Odaily星球日报]
Next news:A New York judge has denied a request from Ripple and the U.S. Securities and Exchange Commission to lift an injunction, which could have ultimately significantly cut fines previously brought by the agency in the Biden administration.

In an order filed on Thursday in the U.S. District Court for the Southern District of New York, Judge Analisa Torres alluded to the SEC's previous stance against Ripple involving claims that Ripple would likely continue to violate the law in pressing for an injunction.

"None of this has changed—and the parties hardly pretend that it has. Nevertheless, they now claim that it is in the public interest to cut the Civil Penalty by sixty percent and vacate the permanent injunction entered less than a year ago," Judge Torres said in the order.

The SEC and Ripple have been asking Judge Torres to allow their joint motion and issue a ruling that the court "dissolve the injunction against Ripple," allowing $50 million of the $75 million in fines to go to the SEC, with the remaining $25 million to be distributed to Ripple.

The dispute between Ripple and the SEC has been going on for years as both parties look to bring an end to the case. In 2020, the SEC accused Ripple of raising $1.3 billion through the sale of which it says is an unregistered security. Over a year ago, Judge Torres ruled that some of Ripple’s sales, called programmatic, did not violate securities laws because of a blind bid process in place for them. She did, however, rule that other direct sales of the token to institutional investors were securities.

That second part regarding institutional investors meant that Ripple would be fined $125 million.

Later in March, Ripple CEO Brad Garlinghouse said his company's legal battle with the SEC had effectively ended, and the SEC dropped its appeal. The latest in the case has been focused on the $125 million fine.

In a previous court document, both parties cited the SEC's sweeping changes in how it views cryptocurrency. Since former SEC Chair Gary Gensler left office in January as the Trump administration rolled in, the agency has dropped several investigations and charges against large crypto firms. The agency also rolled out a crypto task force, which has held several roundtables as it works to create a regulatory framework.

The SEC can decide to change course following an enforcement action, Judge Torres said on Thursday.

"But the parties do not have the authority to agree not to be bound by a court’s final judgment that a party violated an Act of Congress in such a manner that a permanent injunction and a civil penalty were necessary to prevent that party from violating the law again," Judge Torres said. "For that, the parties must show exceptional circumstances that outweigh the public interest or the administration of justice. They have not come close to doing so here."

Judge Torres also said Ripple and the SEC could withdraw their appeals or take an appeal.

Ripple and the SEC did not immediately respond to a request for comment.
Next news:On June 27th, in response to Bitcoin Magazine CEO David Bailey's proposal that "Coinbase needs to build a suitable Bitcoin vault," Coinbase CEO Brian Armstrong responded, "We are increasing our Bitcoin holdings every week." [深潮 TechFlow]
Next news:According to The Data Nerd, a whale withdrew 59,700 AAVE (approximately $1.54 million) and 1.54 million FET (approximately $1.05 million) from Binance 4 hours ago. [Foresight News]
Next news:On June 27, according to South Korean News1, Min Byung-deok, a member of the South Korean Democratic Party, today initiated an amendment to the "Capital Market and Financial Investment Business Act," which aims to include digital assets (virtual assets) in the scope of basic assets and trust property of financial investment products. The amendment will allow digital assets such as Bitcoin to be used as basic assets for financial products such as exchange-traded funds (ETFs), while providing a legal basis for trustees to hold and manage digital assets. This move is one of South Korean President Lee Jae-myung's core campaign promises and will bring a major turning point for the South Korean capital market.

If the bill passes, South Korean investors will be able to indirectly invest in digital assets through institutionalized financial products, which will help improve investor protection and market transparency. The U.S. Securities and Exchange Commission (SEC) has previously approved Bitcoin spot ETFs and Ethereum spot ETFs, while current regulations in South Korea do not allow the launch of such products. [深潮 TechFlow]
Next news:

On June 27th, according to Deribit data, over $17.00 billion in Bitcoin and Ethereum options are set to expire on Deribit today, marking the largest options expiry transaction so far this year. Among them:

Bitcoin: Notional value of $15.00 billion, put-call ratio of 0.74, maximum pain point: $102,000.00
Ethereum: Notional value of $2.30 billion, put-call ratio of 0.52, maximum pain point: $2,200.00

[BlockBeats]

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.