SoSo Daily Sept. 14 | BTC spot ETF total net inflow was $263.07M yesterday, with the net asset ratio reaching 4.59%.
SoSo NewsletterSep 14, 2024

Let's turn our attention to today's overall Crypto market situation.
As of 12 PM Hong Kong time on September 14, 2024, according to sosovalue, the total market cap of the crypto market stands at 2.18 trillion US dollars, witnessing an increase of 0.829% compared to yesterday; the total trading volume is 79.98 billion US dollars, marking an increase of 13.6% from the previous day.

According to sosovalue, the price of BTC is 59,706 USD, an increase of 2.95% from yesterday. The market cap of BTC is 1.18 trillion USD, accounting for 54% of the total market cap; BTC's 24-hour trading volume is 29.94 billion USD, making up 37.4% of the total trading volume.
The price of ETH is 2,416.8 USD, up 2.51% from yesterday; the market cap of ETH is 290.83 billion USD, representing 13.3% of the total market cap; ETH's 24-hour trading volume is 12.68 billion USD, comprising 15.8% of the total trading volume.
The combined market capitalization of BTC and ETH accounts for 67.3% of the total cryptocurrency market cap, and their combined trading volumes constitute 53.2% of the total trading volume.

After reviewing the overall crypto market situation, let's shift our focus to the top 5 token gainers of the day:
As of 12:00 Hong Kong time, according to sosovalue, the top five gainers are:
Top 1 gainer is SuiPad. As of 11:55 today, its market cap is 3.84M, with a coin price of 0.055640 USD, witnessing a 24-hour increase of 50.8%.
The second is BarnBridge. As of 11:55 today, its coin price is 2.1520 USD, with a 24-hour increase of 44.4%.
The third is GameGPT. As of 11:55 today, its coin price is 0.0034790 USD, showing a 24-hour increase of 31.1%.
In fourth place is WAGMI Games. As of 11:55 today, its coin price is 0.0000065940 USD, with a 24-hour rise of 25.5%.
In fifth place is Morpheus Network. As of 11:55 today, its coin price is 0.51280 USD, increasing by 24.7% over the last 24 hours.


Moving on, let's take a look at the sector performance in the crypto market.
According to sosovalue, out of 16 sectors, 14 are up and 2 are down. Notably, AI, Payment, and BTC sectors are worth mentioning.
AI sector has risen 3.22% relative to the UTC 0 time, led by gains in clore (11%), tao (9.86%), and dbc (6.64%).
Payment sector has increased 3.21% relative to UTC 0, with cirus (8.52%), coti (8.35%), and velo (5.49%) leading the rise.
BTC sector has risen 2.95%, with btc (2.95%) leading the rise.

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

According to SoSoValue, as of September 13th (Eastern Time), Bitcoin spot ETFs experienced a total net inflow of $263.07M.


Yesterday, Grayscale's ETF GBTC had a net inflow of $6.66M, bringing GBTC's total historical net outflow to $20.04B.

Grayscale Bitcoin Mini Trust ETF BTC had a net outflow of $ 0.00 ,bringing Grayscale Bitcoin Mini Trust ETF BTC's total historical net inflow to $379.77M.

The Bitcoin spot ETF with the highest net inflow for the day was Fidelity's ETF FBTC, with a daily net inflow of $102.09M, with FBTC's total historical net inflow reaching $9.64B.

Following that, Ark Invest and 21Shares's ETF ARKB had a daily net inflow of $99.27M, with ARKB's total historical net inflow reaching $2.35B.


As of this writing, the total net asset value of Bitcoin spot ETFs stands at $54.31B, with the ETF net asset ratio (the market value relative to the total market value of Bitcoin) reaching 4.59%. The historical cumulative net inflow has reached $17.30B.


Source: https://sosovalue.com/assets/etf


Next news:The likelihood of a 50 basis point rate cut by the Federal Reserve next week has increased to 45% following a decent jobs report and faster-than-expected inflation data. This shift in expectations suggests that the U.S. central bank might start its monetary easing cycle more aggressively than previously anticipated.
Next news:MicroStrategy has purchased an additional 18,300 bitcoins for approximately $1.1 billion, increasing its total holdings to 244,800 BTC. The acquisition was made at an average price of $60,408 per bitcoin between August 6 and September 12, as per an SEC filing. The company's total bitcoin investment now stands at about $9.45 billion, with an average purchase price of $38,585 per bitcoin. This latest purchase was funded through the sale of 8,048,449 company shares, raising $1.11 billion. MicroStrategy's share price has seen a slight increase of 0.1% in pre-market trading, while bitcoin's current trading price is $57,800.
Next news:Foresight News: According to data monitored by Arkham, Grayscale Bitcoin Trust addresses transferred a total of 1400 BTC to two unmarked addresses approximately six hours ago, totaling about 83.94 million dollars, with each address transferring 700 BTC. Additionally, Grayscale's Coinbase Prime Deposit tagged address transferred 361.354 ETH to Coinbase Prime's hot wallet address, worth approximately 876.54 thousand dollars.
Next news:According to SoSoValue data, Wu learned that yesterday (September 13th, Eastern Time), the total net inflow of Ethereum spot ETF was 1.52 million US dollars. Grayscale Ethereum Trust ETF ETHE had a net outflow of 7.36 million US dollars yesterday, with a historical net outflow of 2.72 billion US dollars. The Ethereum spot ETF with the highest net inflow yesterday was Bitwise ETF ETHW, with a net inflow of 5.21 million US dollars. Following that was BlackRock ETF ETHA, with a net inflow of 3.67 million US dollars yesterday, and a total historical net inflow of 1.03 billion US dollars for ETHA.
Next news:According to a report by Cointelegraph, the latest development in the US SEC's lawsuit against Binance involves SEC accusing Binance and its US affiliate BAM Trading of facilitating the trading of tokens that are currently considered unregistered securities. The SEC has recently classified tokens such as Axie Infinity (AXS), Filecoin (FIL), Cosmos (ATOM), Sandbox (SAND), and Decentraland (MANA) as unregistered securities. The SEC alleges that the Binance platform actively promotes these newly classified security tokens to customers, emphasizing their potential investment returns.
Next news:Wormhole has successfully integrated World ID into the Solana blockchain, enabling developers to create applications that prioritize real humans. This integration was announced in a Worldcoin blog post, highlighting the ease of creating apps that verify human identity. The World ID project, supported by the Worldcoin Foundation, involves assigning digital IDs through eyeball scans to prove personhood. This development, previously available mainly on Ethereum, now extends to Solana, enhancing trust and security on the internet by distinguishing real users from AI entities. The Worldcoin project has garnered significant attention, partly due to its association with OpenAI CEO Sam Altman, and has approximately 6.6 million signups.
Next news:Foresight News: According to the Bitget market data, Bitcoin has risen above 58,000 USDT to now trade at 59,038 USDT, with a 24-hour increase of 2.41%.
Next news:Foresight News reported that Binance announced the identification of a global malicious software issue that severely impacts cryptocurrency transactions by changing withdrawal addresses during the trading process. This type of malicious software, commonly known as 'Clipper malware,' intercepts data stored in the clipboard, primarily targeting cryptocurrency wallet addresses. When users copy and paste a wallet address to transfer cryptocurrency, the malware replaces the original address with an address specified by the attacker. If users complete the transfer without noticing the change, the cryptocurrency will be sent to the attacker's wallet, resulting in financial losses. Activities involving this software have significantly increased, especially on August 27, 2024, leading to substantial financial losses for affected users.
Next news:Ethereum Foundation researcher Danny Ryan is stepping away from the Ethereum ecosystem after seven years of contributions. He cites personal reasons and the desire for new opportunities as his reasons for leaving, emphasizing that his departure is not due to any negative aspects of Ethereum or its core development. Ryan played a crucial role in Ethereum's transition to a proof-of-stake system, known as The Merge, and was instrumental in launching the Beacon Chain in 2021. Ether, the native token of Ethereum, remains the second-largest cryptocurrency by market capitalization.

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.

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SoSo Daily Sept. 14 | BTC spot ETF total net inflow was $263.07M yesterday, with the net asset ratio reaching 4.59%.
SoSo NewsletterSep 14, 2024

Let's turn our attention to today's overall Crypto market situation.
As of 12 PM Hong Kong time on September 14, 2024, according to sosovalue, the total market cap of the crypto market stands at 2.18 trillion US dollars, witnessing an increase of 0.829% compared to yesterday; the total trading volume is 79.98 billion US dollars, marking an increase of 13.6% from the previous day.

According to sosovalue, the price of BTC is 59,706 USD, an increase of 2.95% from yesterday. The market cap of BTC is 1.18 trillion USD, accounting for 54% of the total market cap; BTC's 24-hour trading volume is 29.94 billion USD, making up 37.4% of the total trading volume.
The price of ETH is 2,416.8 USD, up 2.51% from yesterday; the market cap of ETH is 290.83 billion USD, representing 13.3% of the total market cap; ETH's 24-hour trading volume is 12.68 billion USD, comprising 15.8% of the total trading volume.
The combined market capitalization of BTC and ETH accounts for 67.3% of the total cryptocurrency market cap, and their combined trading volumes constitute 53.2% of the total trading volume.

After reviewing the overall crypto market situation, let's shift our focus to the top 5 token gainers of the day:
As of 12:00 Hong Kong time, according to sosovalue, the top five gainers are:
Top 1 gainer is SuiPad. As of 11:55 today, its market cap is 3.84M, with a coin price of 0.055640 USD, witnessing a 24-hour increase of 50.8%.
The second is BarnBridge. As of 11:55 today, its coin price is 2.1520 USD, with a 24-hour increase of 44.4%.
The third is GameGPT. As of 11:55 today, its coin price is 0.0034790 USD, showing a 24-hour increase of 31.1%.
In fourth place is WAGMI Games. As of 11:55 today, its coin price is 0.0000065940 USD, with a 24-hour rise of 25.5%.
In fifth place is Morpheus Network. As of 11:55 today, its coin price is 0.51280 USD, increasing by 24.7% over the last 24 hours.


Moving on, let's take a look at the sector performance in the crypto market.
According to sosovalue, out of 16 sectors, 14 are up and 2 are down. Notably, AI, Payment, and BTC sectors are worth mentioning.
AI sector has risen 3.22% relative to the UTC 0 time, led by gains in clore (11%), tao (9.86%), and dbc (6.64%).
Payment sector has increased 3.21% relative to UTC 0, with cirus (8.52%), coti (8.35%), and velo (5.49%) leading the rise.
BTC sector has risen 2.95%, with btc (2.95%) leading the rise.

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

According to SoSoValue, as of September 13th (Eastern Time), Bitcoin spot ETFs experienced a total net inflow of $263.07M.


Yesterday, Grayscale's ETF GBTC had a net inflow of $6.66M, bringing GBTC's total historical net outflow to $20.04B.

Grayscale Bitcoin Mini Trust ETF BTC had a net outflow of $ 0.00 ,bringing Grayscale Bitcoin Mini Trust ETF BTC's total historical net inflow to $379.77M.

The Bitcoin spot ETF with the highest net inflow for the day was Fidelity's ETF FBTC, with a daily net inflow of $102.09M, with FBTC's total historical net inflow reaching $9.64B.

Following that, Ark Invest and 21Shares's ETF ARKB had a daily net inflow of $99.27M, with ARKB's total historical net inflow reaching $2.35B.


As of this writing, the total net asset value of Bitcoin spot ETFs stands at $54.31B, with the ETF net asset ratio (the market value relative to the total market value of Bitcoin) reaching 4.59%. The historical cumulative net inflow has reached $17.30B.


Source: https://sosovalue.com/assets/etf


Next news:The likelihood of a 50 basis point rate cut by the Federal Reserve next week has increased to 45% following a decent jobs report and faster-than-expected inflation data. This shift in expectations suggests that the U.S. central bank might start its monetary easing cycle more aggressively than previously anticipated.
Next news:MicroStrategy has purchased an additional 18,300 bitcoins for approximately $1.1 billion, increasing its total holdings to 244,800 BTC. The acquisition was made at an average price of $60,408 per bitcoin between August 6 and September 12, as per an SEC filing. The company's total bitcoin investment now stands at about $9.45 billion, with an average purchase price of $38,585 per bitcoin. This latest purchase was funded through the sale of 8,048,449 company shares, raising $1.11 billion. MicroStrategy's share price has seen a slight increase of 0.1% in pre-market trading, while bitcoin's current trading price is $57,800.
Next news:Foresight News: According to data monitored by Arkham, Grayscale Bitcoin Trust addresses transferred a total of 1400 BTC to two unmarked addresses approximately six hours ago, totaling about 83.94 million dollars, with each address transferring 700 BTC. Additionally, Grayscale's Coinbase Prime Deposit tagged address transferred 361.354 ETH to Coinbase Prime's hot wallet address, worth approximately 876.54 thousand dollars.
Next news:According to SoSoValue data, Wu learned that yesterday (September 13th, Eastern Time), the total net inflow of Ethereum spot ETF was 1.52 million US dollars. Grayscale Ethereum Trust ETF ETHE had a net outflow of 7.36 million US dollars yesterday, with a historical net outflow of 2.72 billion US dollars. The Ethereum spot ETF with the highest net inflow yesterday was Bitwise ETF ETHW, with a net inflow of 5.21 million US dollars. Following that was BlackRock ETF ETHA, with a net inflow of 3.67 million US dollars yesterday, and a total historical net inflow of 1.03 billion US dollars for ETHA.
Next news:According to a report by Cointelegraph, the latest development in the US SEC's lawsuit against Binance involves SEC accusing Binance and its US affiliate BAM Trading of facilitating the trading of tokens that are currently considered unregistered securities. The SEC has recently classified tokens such as Axie Infinity (AXS), Filecoin (FIL), Cosmos (ATOM), Sandbox (SAND), and Decentraland (MANA) as unregistered securities. The SEC alleges that the Binance platform actively promotes these newly classified security tokens to customers, emphasizing their potential investment returns.
Next news:Wormhole has successfully integrated World ID into the Solana blockchain, enabling developers to create applications that prioritize real humans. This integration was announced in a Worldcoin blog post, highlighting the ease of creating apps that verify human identity. The World ID project, supported by the Worldcoin Foundation, involves assigning digital IDs through eyeball scans to prove personhood. This development, previously available mainly on Ethereum, now extends to Solana, enhancing trust and security on the internet by distinguishing real users from AI entities. The Worldcoin project has garnered significant attention, partly due to its association with OpenAI CEO Sam Altman, and has approximately 6.6 million signups.
Next news:Foresight News: According to the Bitget market data, Bitcoin has risen above 58,000 USDT to now trade at 59,038 USDT, with a 24-hour increase of 2.41%.
Next news:Foresight News reported that Binance announced the identification of a global malicious software issue that severely impacts cryptocurrency transactions by changing withdrawal addresses during the trading process. This type of malicious software, commonly known as 'Clipper malware,' intercepts data stored in the clipboard, primarily targeting cryptocurrency wallet addresses. When users copy and paste a wallet address to transfer cryptocurrency, the malware replaces the original address with an address specified by the attacker. If users complete the transfer without noticing the change, the cryptocurrency will be sent to the attacker's wallet, resulting in financial losses. Activities involving this software have significantly increased, especially on August 27, 2024, leading to substantial financial losses for affected users.
Next news:Ethereum Foundation researcher Danny Ryan is stepping away from the Ethereum ecosystem after seven years of contributions. He cites personal reasons and the desire for new opportunities as his reasons for leaving, emphasizing that his departure is not due to any negative aspects of Ethereum or its core development. Ryan played a crucial role in Ethereum's transition to a proof-of-stake system, known as The Merge, and was instrumental in launching the Beacon Chain in 2021. Ether, the native token of Ethereum, remains the second-largest cryptocurrency by market capitalization.

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.

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