Let's turn our attention to today's overall Crypto market situation.
As of 11:59 PM Hong Kong time on September 14, 2024, according to sosovalue, the total market cap of the crypto market stands at 2.19 trillion US dollars, witnessing a decrease of 1.91% compared to yesterday; the total trading volume is 47.84 billion US dollars, marking a decline of 41.1% from the previous day.
According to sosovalue, the price of BTC is 59,993 USD, a decrease of 0.835% from yesterday. The market cap of BTC is 1.19 trillion USD, accounting for 54.1% of the total market cap; BTC's 24-hour trading volume is 11.21 billion USD, making up 23.4% of the total trading volume.
The price of ETH is 2,417.8 USD, down 0.877% from yesterday; the market cap of ETH is 290.94 billion USD, representing 13.3% of the total market cap; ETH's 24-hour trading volume is 7.44 billion USD, comprising 15.6% of the total trading volume.
The combined market capitalization of BTC and ETH accounts for 67.4% of the total cryptocurrency market cap, and their combined trading volumes constitute 39% 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 23:55, according to sosovalue, the top five gainers are:
Top 1 gainer is BarnBridge. As of 23:55 today, its market cap is 20.89M, with a coin price of 2.1520 USD, witnessing a 24-hour increase of 44.4%.
The second is GameGPT. As of 23:55 today, its coin price is 0.0037970 USD, with a 24-hour increase of 30.1%.
The third is r/CryptoCurrency Moons. As of 23:55 today, its coin price is 0.17930 USD, showing a 24-hour increase of 29.6%.
In fourth place is Maro. As of 23:55 today, its coin price is 0.00047150 USD, with a 24-hour rise of 23.4%.
In fifth place is UXLINK. As of 23:55 today, its coin price is 0.33670 USD, increasing by 21.1% 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, 3 are up and 13 are down. Notably, the Payment and RWA sectors are worth mentioning.
The Payment sector has risen 2.41% relative to the UTC 0 time, led by gains in XRP (3.98%), TWT (2.1%), and KLV (1.72%).
The RWA sector has decreased -2.19% relative to UTC 0, with LMR (-7.96%), NXRA (-5.91%), and TRU (-5.32%) leading the drop.
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:Foresight News reported that Jeremy Allaire, co-founder and CEO of Circle, announced that Circle will relocate its global headquarters to New York City and build a flagship space on the top floor of One World Trade Center, planning to open the new headquarters to the world in early 2025. He also stated that 2024 is a turning point for cryptocurrencies, with stablecoins truly breaking through in scale, importance, and usage in that year, and 2025 will be the year when this concept becomes mainstream.
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:Stablecoin issuers have frozen approximately $5 million worth of stablecoins linked to the North Korean hacking group, Lazarus Group, following an investigation by blockchain sleuth ZachXBT. The investigation, supported by teams from Metamask, Binance, TRM Labs, and Five I's LLC, revealed that Lazarus Group laundered over $200 million in stolen crypto into fiat over three years. The frozen funds are held in two wallets, which also contain additional assets not yet frozen. ZachXBT criticized Circle, the issuer of USDC, for their delayed response in freezing the assets compared to other issuers.
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:Wu learned that Binance Launchpool project Catizen has announced the token economics. Out of the total TGE supply of 30.5%: 15% is allocated for airdrops, 9% for pool launches, 5% for liquidity, 1.5% for funds, and 0% of the TGE is allocated to teams, investors, and advisors. The official statement indicates that in the next year, only Catizen users will be able to hold the CATI token.
Next news:Wu learned that, according to Lookonchain monitoring, the ETH/BTC exchange rate long position holder James Fickel is currently at a floating loss of approximately 18,000 ETH (43.70 million USD). From January 10th to July 1st, Fickel borrowed 3,061 WBTC (172 million USD) from Aave, and exchanged it for 56,445 ETH at a rate of 0.05424. Since August 7th, he spent 12 million USDC to purchase 211 WBTC, and exchanged 16,000 ETH for 671 WBTC at a rate of 0.042 (39.90 million USD) to repay Aave's debt. Currently, Fickel has a debt of 2,196 WBTC (132 million USD) on Aave, with a total loss of approximately 18,000 ETH (43.70 million USD).
Next news:According to DLNews, a survey by the Financial Industry Regulatory Authority (FINRA) in the United States shows that 55% of American Generation Z prefer to invest in cryptocurrencies. Generation Z prefers to manage their finances on-chain rather than online. They consider digital banking platforms to be cumbersome and opaque. Generation Z prefers to manage their finances on-chain through decentralized financial applications and digital dollar stablecoins. Generation Z refers to the generation born between 1997 and 2012, currently aged between 12 and 27 years old.
Next news:Foresight News: The Ethereum liquidity re-staking protocol Eigenpie has released the EGP token economic model. The total supply of EGP is 10 million, with allocations of 34% for private round distribution, 2% for public round distribution, 1% for third-party Launchpad distribution, 2.77% for CEX listing distribution, 15% for Magpie Treasury distribution, 15% for community incentives, 11% for airdrop distribution, 5% for liquidity distribution, 5.34% for strategic investors, and 8.89% for ecosystem distribution. Users can lock in vlEGP in Eigenpie to participate in protocol governance.
Next news:According to John Deaton, a pro-crypto attorney and Senate candidate, the SEC's overreach into the crypto industry has led to retail investors losing over $15 billion. Deaton criticizes the SEC for its regulatory actions, which he believes have negatively impacted small investors.
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.
Let's turn our attention to today's overall Crypto market situation.
As of 11:59 PM Hong Kong time on September 14, 2024, according to sosovalue, the total market cap of the crypto market stands at 2.19 trillion US dollars, witnessing a decrease of 1.91% compared to yesterday; the total trading volume is 47.84 billion US dollars, marking a decline of 41.1% from the previous day.
According to sosovalue, the price of BTC is 59,993 USD, a decrease of 0.835% from yesterday. The market cap of BTC is 1.19 trillion USD, accounting for 54.1% of the total market cap; BTC's 24-hour trading volume is 11.21 billion USD, making up 23.4% of the total trading volume.
The price of ETH is 2,417.8 USD, down 0.877% from yesterday; the market cap of ETH is 290.94 billion USD, representing 13.3% of the total market cap; ETH's 24-hour trading volume is 7.44 billion USD, comprising 15.6% of the total trading volume.
The combined market capitalization of BTC and ETH accounts for 67.4% of the total cryptocurrency market cap, and their combined trading volumes constitute 39% 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 23:55, according to sosovalue, the top five gainers are:
Top 1 gainer is BarnBridge. As of 23:55 today, its market cap is 20.89M, with a coin price of 2.1520 USD, witnessing a 24-hour increase of 44.4%.
The second is GameGPT. As of 23:55 today, its coin price is 0.0037970 USD, with a 24-hour increase of 30.1%.
The third is r/CryptoCurrency Moons. As of 23:55 today, its coin price is 0.17930 USD, showing a 24-hour increase of 29.6%.
In fourth place is Maro. As of 23:55 today, its coin price is 0.00047150 USD, with a 24-hour rise of 23.4%.
In fifth place is UXLINK. As of 23:55 today, its coin price is 0.33670 USD, increasing by 21.1% 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, 3 are up and 13 are down. Notably, the Payment and RWA sectors are worth mentioning.
The Payment sector has risen 2.41% relative to the UTC 0 time, led by gains in XRP (3.98%), TWT (2.1%), and KLV (1.72%).
The RWA sector has decreased -2.19% relative to UTC 0, with LMR (-7.96%), NXRA (-5.91%), and TRU (-5.32%) leading the drop.
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:Foresight News reported that Jeremy Allaire, co-founder and CEO of Circle, announced that Circle will relocate its global headquarters to New York City and build a flagship space on the top floor of One World Trade Center, planning to open the new headquarters to the world in early 2025. He also stated that 2024 is a turning point for cryptocurrencies, with stablecoins truly breaking through in scale, importance, and usage in that year, and 2025 will be the year when this concept becomes mainstream.
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:Stablecoin issuers have frozen approximately $5 million worth of stablecoins linked to the North Korean hacking group, Lazarus Group, following an investigation by blockchain sleuth ZachXBT. The investigation, supported by teams from Metamask, Binance, TRM Labs, and Five I's LLC, revealed that Lazarus Group laundered over $200 million in stolen crypto into fiat over three years. The frozen funds are held in two wallets, which also contain additional assets not yet frozen. ZachXBT criticized Circle, the issuer of USDC, for their delayed response in freezing the assets compared to other issuers.
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:Wu learned that Binance Launchpool project Catizen has announced the token economics. Out of the total TGE supply of 30.5%: 15% is allocated for airdrops, 9% for pool launches, 5% for liquidity, 1.5% for funds, and 0% of the TGE is allocated to teams, investors, and advisors. The official statement indicates that in the next year, only Catizen users will be able to hold the CATI token.
Next news:Wu learned that, according to Lookonchain monitoring, the ETH/BTC exchange rate long position holder James Fickel is currently at a floating loss of approximately 18,000 ETH (43.70 million USD). From January 10th to July 1st, Fickel borrowed 3,061 WBTC (172 million USD) from Aave, and exchanged it for 56,445 ETH at a rate of 0.05424. Since August 7th, he spent 12 million USDC to purchase 211 WBTC, and exchanged 16,000 ETH for 671 WBTC at a rate of 0.042 (39.90 million USD) to repay Aave's debt. Currently, Fickel has a debt of 2,196 WBTC (132 million USD) on Aave, with a total loss of approximately 18,000 ETH (43.70 million USD).
Next news:According to DLNews, a survey by the Financial Industry Regulatory Authority (FINRA) in the United States shows that 55% of American Generation Z prefer to invest in cryptocurrencies. Generation Z prefers to manage their finances on-chain rather than online. They consider digital banking platforms to be cumbersome and opaque. Generation Z prefers to manage their finances on-chain through decentralized financial applications and digital dollar stablecoins. Generation Z refers to the generation born between 1997 and 2012, currently aged between 12 and 27 years old.
Next news:Foresight News: The Ethereum liquidity re-staking protocol Eigenpie has released the EGP token economic model. The total supply of EGP is 10 million, with allocations of 34% for private round distribution, 2% for public round distribution, 1% for third-party Launchpad distribution, 2.77% for CEX listing distribution, 15% for Magpie Treasury distribution, 15% for community incentives, 11% for airdrop distribution, 5% for liquidity distribution, 5.34% for strategic investors, and 8.89% for ecosystem distribution. Users can lock in vlEGP in Eigenpie to participate in protocol governance.
Next news:According to John Deaton, a pro-crypto attorney and Senate candidate, the SEC's overreach into the crypto industry has led to retail investors losing over $15 billion. Deaton criticizes the SEC for its regulatory actions, which he believes have negatively impacted small investors.
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.
