SoSo Daily Jul 8 | SoSoValue Now Available in French
As of 5:59 AM on July 8, 2025, according to sosovalue, the total market cap of the crypto market stands at 3.41 trillion US dollars, witnessing a decrease of 4.17% compared to yesterday; the total trading volume is 88.37 billion US dollars, marking an increase of 23.8% from the previous day.
Cryptocurrency Market Update - July 8, 2025
According to sosovalue, the price of $BTC is 108,210 USD, a decrease of 0.797% from yesterday. The market cap of $BTC is 2.15 trillion USD, accounting for 63.1% of the total market cap; $BTC's 24-hour trading volume is 26.37 billion USD, making up 29.8% of the total trading volume.
The price of $ETH is 2,552.2 USD, down 0.674% from yesterday; the market cap of $ETH is 308.09 billion USD, representing 9.03% of the total market cap; $ETH's 24-hour trading volume is 16.44 billion USD, comprising 18.6% of the total trading volume.
The combined market capitalization of $BTC and $ETH accounts for 72.13% of the total cryptocurrency market cap, and their combined trading volumes constitute 48.4% of the total trading volume.
As of 05:50 on 2025/07/08, according to sosovalue, the top five gainers are:
Top 1 gainer is Tokyo Games Token (TGT). As of 05:50 today, its market cap is 2.13M USD, with a coin price of 0.014420 USD, witnessing a 24-hour increase of 92.8%.
The second is MemeCore (M). As of 05:50 today, its coin price is 0.18880 USD, with a 24-hour increase of 87.9%.
The third is MuxyAI (MAI). As of 05:50 today, its coin price is 0.00066200 USD, showing a 24-hour increase of 59.9%.
In fourth place is Magic Crystal (MC). As of 05:50 today, its coin price is 0.17040 USD, with a 24-hour rise of 58.2%.
In fifth place is Stafi (FIS). As of 05:50 today, its coin price is 0.12370 USD, increasing by 57.6% 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, 0 are up and 16 are down. Notably, Meme, SocialFi, and AI sectors are worth mentioning.
Meme sector has fallen 2.27% relative to the UTC 0 time, led by declines in BENDOG (-32.9%), clay (-18.6%), and RFC (-18%).
SocialFi sector has decreased 2.65% relative to UTC 0, with cbk (-12%), kin (-11.7%), and pts (-9.58%) leading the drop.
AI sector has fallen 3.2%, with DTEC (-19.1%), vvaifu (-15.7%), and ava (-15.7%) 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:
According to SoSoValue data, Bitcoin spot ETF saw a total net inflow of 216.64M USD yesterday (Eastern Time, July 7th).
The Bitcoin Spot ETF with the highest net inflow yesterday was BlackRock's ETF IBIT, with a daily net inflow of 164.64M USD, and the total historical net inflow of IBIT currently stands at 52.81B USD.
The second highest was Fidelity's ETF FBTC, with a daily net inflow of 66.05M USD, and the total historical net inflow of FBTC currently stands at 12.28B USD.
The Bitcoin Spot ETF with the highest net outflow yesterday was Grayscale's ETF GBTC, with a daily net outflow of 10.21M USD, and the total historical net outflow of GBTC currently stands at 23.34B USD.
As of the time of publication, the total net asset value of Bitcoin Spot ETFs is 135.71B USD, with an ETF net asset ratio (market capitalization relative to the total Bitcoin market cap) of 6.32%. The historical cumulative net inflow has reached 49.86B USD.
Next news:Solana-based memecoin factory Pump.fun is planning to list its upcoming PUMP token in four days, according to a countdown on the Gate exchange website. The protocol will apparently offer 150 billion PUMP tokens priced at $0.04 worth of USDT.
According to Gate, the PUMP sale will begin on July 12 and run for 72 hours. More distribution details will be announced at a later date, though the protocol will offer 15% of the max supply of 1 trillion PUMP tokens. A Pump.fun representative declined to comment. @zoomerfied first broke the news on X.
“The sale operates on a first-come, first-served basis. For individual subscriptions, as long as the quota is sufficient, only a minimum purchase amount is required and there is no upper limit,” Gate writes in an FAQ.
The Block previously reported that Pump.fun is looking to raise capital at a $4 billion valuation. The team is also reportedly considering including a revenue-sharing mechanism for its native token.
Pump.fun, launched in early 2024, enables anyone to create a token. The platform, responsible for the majority of memecoin launches and trading on Solana, saw peak daily revenues of more than $7 million on Jan. 23, though that figure has since declined to about $1 million per day.
Pump has generated about $700 million in cumulative revenue since its launch in early 2024, making it one of the most successful projects in the crypto space, according to The Block's data.
A Pump.fun co-founder first teased a token launch last October.
Next news:On July 8th, according to on-chain analyst Ember (@EmberCN)'s monitoring, a whale/institutional address has transferred out the last 3,631 $ETH, marking that the address has transferred all 95,313 $ETH (approximately $234.00 million) redeemed from staking to centralized exchanges in the past month. Data shows that the average price of these $ETH when staked was approximately $2,878, while the average price when transferred to the exchange after redemption was approximately $2,454, resulting in an estimated book loss of approximately $40.41 million. [Deep Tide TechFlow]
Next news:According to 21st Century Business Herald, there have been recent market reports that Yiwu has cases of accepting stablecoin payments for foreign trade goods. After a field visit and investigation by reporters, when merchants were asked whether they could use stablecoins for payment, most merchants said they had not heard of stablecoins and did not understand them; some merchants also raised questions about their compliance and costs; only a few merchants supported stablecoin collection. [Foresight News]
Next news:
On July 8th, the BONK community announced that it is about to reach the significant milestone of 1 million BONK holders, currently having 949,892 holders.
When the number of holders reaches 1 million, 1 trillion BONK tokens, worth approximately $22.81 million, will be burned.
[BlockBeats]Next news:According to Spot On Chain monitoring, a whale who profited $13.60 million on Hyperliquid has re-entered the market, opening a 40x short position on BTC. In the past 19 hours, they have deposited a total of 4.00 million USDC, with a position size of 1,097.47 $BTC (approximately $118.8 million), an opening price of $107,926.6, and a liquidation price of $116,510. [Foresight News]
Next news:On July 8, according to Farside Investors monitoring, the U.S. Ethereum spot ETFs had a net inflow of $62.10 million yesterday.
ETHA: Net inflow of $53.20 million
FETH: Net inflow of $8.90 million [Deep Tide TechFlow]
Next news:On July 8, CoinDesk reported that the Dubai Financial Services Authority (DFSA) has approved the QCD Money Market Fund (QCDT), the first tokenized money market fund to be officially established in the Dubai International Financial Centre (DIFC). The fund is jointly launched by Qatar National Bank (QNB) and DMZ Finance, with the former responsible for investment strategy and asset allocation, and the latter providing the underlying digital infrastructure technology.
The fund aims to put traditional assets such as U.S. Treasury bonds on-chain, serving a variety of institutional application scenarios such as bank qualified collateral, stablecoin support, exchange reserves, and Web3 payment infrastructure. DMZ Finance is a Singapore-based fintech company focused on the tokenization and custody of real-world assets (RWA). [Deep Tide TechFlow]
Next news:Nasdaq-listed medical device technology company BioSig Technologies has announced a merger with Streamex Exchange Corporation, another Nasdaq-listed company, and has also signed a financing agreement of up to $1.1 billion to advance the development of its RWA tokenization business. The company will sell $100 million in senior secured convertible notes and a $1.0 billion equity line of credit, with Tether asset custodian Cantor Fitzgerald acting as co-lead placement agent for the deal. [Wu Shuo]
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.