SoSo Daily Jul 8 | SoSoValue Now Available in French

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, AI, SocialFi, and NFT sectors are worth mentioning.
AI sector has fallen 2.41% relative to the UTC 0 time, led by declines in DTEC (-21.9%), hat (-15.7%), and GORK (-13.4%).
SocialFi sector has decreased 3.12% relative to UTC 0, with pts (-11.2%), acs (-8.56%), and rfr (-7.41%) leading the drop.
NFT sector has fallen 3.28%, with gq (-21.4%), epik (-15.6%), and sn (-11.8%) leading the decline.

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

SoSoValue has officially rolled out French language support across its main platform, expanding accessibility for French-speaking users worldwide. That makes 10 languages and counting — we’re building SoSoValue for everyone, everywhere. Visitors can now navigate the full suite of crypto research and investment tools in French.

To ensure the best experience, users are encouraged to flag mistranslations or suggest improvements — helpful contributions will be rewarded with EXP.

Next news:Venture capital firm Paradigm has led the Series A $11.5 million funding round for Kuru Labs, a startup building a decentralized exchange on the high-performance Ethereum-compatible Monad Layer 1.

Kuru uses a "hybrid CLOB-AMM model" that combines the automated market maker (AMM) functions often seen in crypto with the central limit order book (CLOB) architecture true to traditional exchanges to achieve a new level of functionality.

"Each order book comes with a default market maker, and the strategy that the market maker follows is that of an AMM," Kuru co-founder Vaibhav Prakash told The Block in an interview. "So you will always have liquidity to trade against. It might not be the best price because it's still an AMM, but it still offers you the benefits of placing limit orders natively."

In other words, Kuru is designed so that it doesn’t necessarily need to work with traditional market makers.

Angel investors include 0xDesigner, Viktor Bunin, Zagabond, Tristan Yver, Kevin Pang, Will Price, Alex Watts, Jordan Hagan, 3nes, Shreyas Hariharan, Auri, and Joe Takayama. The firm raised about $2.2 million in seed funding.

"Paradigm really makes sense for us because it has actually helped a lot of exchanges onchain take off," Prakash said. "They really understand market dynamics and microstructure. Their investments in Ellipsis Labs, Sorella Labs, Uniswap all mean that the people we work with at Paradigm really understand how markets work onchain. I don't think we would have been happier with any other VC doing this for us."
Next news:Robinhood announced the launch of tokenized stocks last week, but sparked strong opposition for providing private equity to OpenAI without consent. Brokerage firm Bernstein believes that despite OpenAI's objections, Robinhood still defines tokens as derivatives and is doubling down on stock tokenization, betting on the support of the U.S. Securities and Exchange Commission (SEC) and the CLARITY Act to unlock the tokenized asset market.
Bernstein analysts wrote that, as Robinhood pointed out, the tokenization of private equity often lacks key rights such as company consent and pre-emptive rights, and although companies such as OpenAI and SpaceX already have liquidity in the private market, there is still strong market demand for tokenizing less liquid private assets. (The Block) [Odaily Planet Daily]
Next news:The U.S. Securities and Exchange Commission (SEC) is urging issuers to revise and resubmit spot Solana ETF applications before the end of July, suggesting a faster-than-expected approval timeline. This comes after the REX-Osprey $SOL and Staking ETF received automatic approval and began trading last week under different regulatory rules, meaning a spot Solana ETF would join Bitcoin and Ethereum as the only spot cryptocurrency funds approved in the U.S., while applications for XRP, Dogecoin, and Litecoin are still pending. (CoinDesk) [Odaily Planet Daily]
Next news:CoreWeave announced the acquisition of digital infrastructure company Core Scientific in an all-stock transaction. The deal is valued at $20.40 per share. The agreed-upon share exchange ratio implies a company valuation of approximately $9.00 billion. (Golden Ten) [Odaily Planet Daily]
Next news:On July 8th, US President $Trump sent trade letters to Japan and South Korea, stating that he would impose a 25% tariff on the two countries. [BlockBeats]
Next news:NYSE-listed $DDC Enterprise Limited increased its holdings by 230 $BTC, for a total of 368 BTC. Previously, $DDC Enterprise completed a $528.00 million financing to purchase Bitcoin. [Foresight News]
Next news:TrumpMeme officially announced on social media that the $TRUMP token is about to be launched on the Tron network. [ChainCatcher]
Next news:Arkham posted on the X platform that a U.S. government-labeled address just transferred $10.00 worth of $ETH to Coinbase, suspected to be a test transaction. It is reported that the address holds approximately 86 $ETH, initially seized from Chase Senecal in October 2022. [Odaily Planet Daily]
Next news:According to NLNico, Semler Scientific increased its holdings by 187 $BTC, and currently holds a total of 4,636 BTC. [Foresight News]

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.