SoSo Daily Jul 12 | A whale who lost $22.00 million in a contract trade added more than $5.34 million worth of HYPE short orders half an hour ago.

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 Kyber Network Crystal (KNC). As of 11:50 today, its market cap is 101.85M USD, with a coin price of 0.59860 USD, witnessing a 24-hour increase of 88.2%.
The second is IguVerse IGU (IGU). As of 11:50 today, its coin price is 0.0016001 USD, with a 24-hour increase of 79.8%.
The third is CESS Network (CESS). As of 11:50 today, its coin price is 0.0070600 USD, showing a 24-hour increase of 52.8%.
In fourth place is AllianceBlock Nexera (NXRA). As of 11:50 today, its coin price is 0.012500 USD, with a 24-hour rise of 37.1%.
In fifth place is Proton (XPR). As of 11:50 today, its coin price is 0.0044716 USD, increasing by 30.2% 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, 5 are up and 11 are down. Notably, PayFi, AI, and RWA sectors are worth mentioning.
PayFi sector has risen 6.66% relative to the UTC 0 time, led by gains in XLM (26.3%), KASTA (6.71%), and XRP (6.68%).
AI sector has fallen 3.11% relative to UTC 0, with MAI (-20.2%), GORK (-16.3%), and VVAIFU (-14.8%) leading the decline.
RWA sector has fallen 3.76%, with PRCL (-10.8%), Usual (-8.19%), and PLUME (-7.74%) leading the decline.

Let's go through the Crypto news worth paying attention today according to sosovalue:
The first is:On July 12, according to on-chain information, a whale added 49,939.28 HYPE5x short positions half an hour ago, with a current holding value of $79.50 million. In addition, the whale also holds 10x Bitcoin short positions worth $236.00 million and 10x Ethereum short positions worth $137.00 million. It is worth noting that the address has accumulated losses of $22.52 million on Hyperliquid. [BlockBeats]
Next news:According to SoSoValue data, yesterday (Eastern Time, July 11th), the total net inflow of Ethereum spot ETFs was $205.00 million.
The Ethereum spot ETF with the largest single-day net inflow yesterday was Blackrock's ETF ETHA, with a single-day net inflow of $137.00 million. Currently, ETHA's total historical net inflow has reached $6291.00 million.
The second largest was Grayscale's Ethereum Mini Trust ETF $ETH, with a single-day net inflow of $25.5071 million. Currently, $ETH's total historical net inflow has reached $824.00 million.
As of press time, the total net asset value of Ethereum spot ETFs is $13534.00 million, and the ETF net asset ratio (market value as a percentage of the total market value of Ethereum) is 3.77%, with a total historical net inflow of $5306.00 million. [Odaily Planet Daily]
Next news:On July 12, according to a report by Fortune citing people familiar with the matter, cryptocurrency and stablecoin infrastructure startup Zerohash is about to complete a financing round of approximately $100 million, with a valuation of nearly $1 billion. The round is led by listed online brokerage firm Interactive Brokers.

It is reported that Zerohash provides backend infrastructure support for digital assets such as cryptocurrencies and NFTs for banks, brokers, and fintech companies, and has now developed into an important player in the stablecoin field. Its core business includes partnering with Stripe to achieve fiat-to-stablecoin exchange through a network of banking relationships and regulatory licenses. It assists traditional financial institutions such as BlackRock and Franklin Templeton in participating in the tokenization competition and provides stablecoin exchange services for clients such as prediction market Kalshi and digital bank MoneyLion. [BlockBeats]
Next news:Linea project leader Declan Fox posted that he is ready to deliver on the LINEA plan announced in Bangkok and will release a detailed announcement later this month. When a community member asked if it was related to the TGE, Declan Fox replied "Yes" to confirm. [Foresight News]
Next news:According to Cointelegraph, BlockFi's bankruptcy administrator and the United States Department of Justice (DOJ) have reached an agreement to dismiss a lawsuit involving the transfer of $35.000 million in crypto assets. New Jersey Bankruptcy Court Judge Michael B. Kaplan approved the agreement on Friday. The case originated in May 2023, when the DOJ attempted to seize funds in BlockFi accounts belonging to two Estonian citizens, claiming it was related to a criminal fraud case. According to the settlement terms, the case was "dismissed with prejudice," with each party bearing its own legal fees. It is worth noting that BlockFi declared bankruptcy in November 2022 after the FTX collapse, currently owes approximately 100,000 creditors a total of $10.000 billion, and has set April 28, 2024 as the deadline for customers to withdraw their remaining crypto assets. [Foresight News]
Next news:Honeyland, a Solana blockchain strategy game launched by Hexagon Studios, has announced that it has been acquired by game infrastructure developer BRAVO READY. The specific acquisition amount has not yet been disclosed. Honeyland previously raised $4.00 million at a valuation of $20.00 million. Upon completion of the acquisition, Honeyland will be incorporated into BRAVO READY's real-time revenue-generating portfolio. (Businesswire) [Odaily Planet Daily]
Next news:On July 12th, Hyperliquid officially announced in an article that the open interest on its platform exceeded $10.6 billion, setting a new historical high. [Deep Tide TechFlow]
Next news:On July 12th, White House digital asset policy advisor Bo Hine posted on the X platform that an important week is coming up, and July 14th to July 20th will be the House of Representatives' "Crypto Week." The GENIUS Act will be sent to the desk of U.S. President Donald Trump, and the CLARITY Act will be sent to the Senate. "Crypto Week" will solidify the United States' role as the global cryptocurrency capital. [Deep Tide TechFlow]
Next news:On July 12, according to Ming Pao, Hong Kong-listed Qianxun Technology announced that it will cooperate with Luhu Securities to promote the application for a Hong Kong virtual asset trading license, and will explore new business areas in RWA business innovation and the settlement application of Hong Kong stablecoins in the trade of second-hand 3C electronic products. At the same time, it will introduce Hong Kong stablecoins as a settlement payment tool to optimize the payment process and reduce cross-border payment costs and exchange rate risks. [Shenchao TechFlow]
Next news:On July 12, according to the official announcement, Binance Alpha has now launched peaq (PEAQ). Eligible users can use Binance Alpha points to claim an airdrop of 643 PEAQ tokens after the launch begins. This airdrop will be distributed in two phases: Phase 1 (first 18 hours): Users holding at least 234 Alpha points can claim. Phase 2 (last 6 hours): Users holding at least 180 Alpha points can participate on a first-come, first-served basis until the airdrop pool is exhausted or the event ends. Please note that claiming the airdrop will consume 15 Binance Alpha points. Users need to confirm the claim on the Alpha activity page within 24 hours, otherwise it will be deemed as giving up the airdrop. [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.