SoSo Daily Jul 8 | SoSoValue Now Available in French

After reviewing the overall crypto market situation, let's shift our focus to the top 5 token gainers of the day:
As of 11:50 Hong Kong time, according to sosovalue, the top five gainers are:
Top 1 gainer is Tokyo Games Token ($TGT). As of 11:50 today, its market cap is 2.09M USD, with a coin price of 0.014170 USD, witnessing a 24-hour increase of 76.2%.
The second is Elderglade ($ELDE). As of 11:50 today, its coin price is 0.021560 USD, with a 24-hour increase of 62.7%.
The third is Stafi ($FIS). As of 11:50 today, its coin price is 0.14180 USD, showing a 24-hour increase of 52.5%.
In fourth place is Measurable Data ($MDT). As of 11:50 today, its coin price is 0.016560 USD, with a 24-hour rise of 30.1%.
In fifth place is MuxyAI ($MAI). As of 11:50 today, its coin price is 0.00053000 USD, increasing by 29.3% over the last 24 hours.


Moving on, let's take a look at the sector performance in crypto market.
According to sosovalue, out of 15 sectors, 4 are up and 12 are down. Notably, AI sector is worth mentioning.
AI sector has fallen 2.02% relative to the UTC 0 time, led by declines in AVA (-10.3%), VADER (-9.67%), and Fartcoin (-9.14%).

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: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 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: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 a report by China Business News, the "Stablecoin Ordinance" will take effect on August 1, 2024, at which time the Hong Kong Monetary Authority will begin accepting license applications. A reporter learned from industry insiders that Hong Kong's stablecoin licenses are relatively scarce and highly sought after, with the number of licenses expected to be only in the single digits. However, in addition to JD.com, Standard Chartered, and Circle, which have already been officially announced, more than 40 companies are preparing to submit applications. Law firms report that there are dozens more potential applicants currently in the consultation or material preparation stage, making the competition extremely fierce. The applicant institutions are basically China's largest financial institutions and internet companies, while some smaller companies intending to apply have little hope. [Foresight News]
Next 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]

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.