SoSo Daily Nov 20 | Bitcoin spot ETF options trading has been launched, with IBIT being the first to introduce it.
Crypto Market Overview
Let's turn our attention to today's overall Crypto market situation.
As of 11:59 AM on November 20, 2024, according to sosovalue, the total market cap of the crypto market stands at 3.25 trillion US dollars, witnessing a decrease of 0.634% compared to yesterday; the total trading volume is 232.10 billion US dollars, marking a decline of 2.34% from the previous day.
Cryptocurrency Market Update
According to sosovalue, the price of $BTC is 93,450 USD, an increase of 1.96% from yesterday. The market cap of $BTC is 1.85 trillion USD, accounting for 56.9% of the total market cap; $BTC's 24-hour trading volume is 88.16 billion USD, making up 38% of the total trading volume.
The price of $ETH is 3,099.7 USD, down 0.858% from yesterday; the market cap of $ETH is 373.28 billion USD, representing 11.5% of the total market cap; $ETH's 24-hour trading volume is 29.46 billion USD, comprising 12.7% of the total trading volume.
The combined market capitalization of $BTC and $ETH accounts for 68.4% of the total cryptocurrency market cap, and their combined trading volumes constitute 50.7% 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 ai16zeliza. As of 11:50 today, its market cap is 0E-8, with a coin price of 0.0259 USD, witnessing a 24-hour increase of 1200%.
The second is Open Loot. As of 11:50 today, its coin price is 0.10828 USD, with a 24-hour increase of 983%.
The third is Clover Finance. As of 11:50 today, its coin price is 0.11837 USD, showing a 24-hour increase of 69.9%.
In fourth place is BarnBridge. As of 11:50 today, its coin price is 2.1520 USD, with a 24-hour rise of 44.4%.
In fifth place is AllianceBlock Nexera. As of 11:50 today, its coin price is 0.03842 USD, increasing by 35.4% over the last 24 hours.
Moving on, let's take a look at the sector performance in crypto market.
According to sosovalue, out of 16 sectors, 3 are up and 13 are down. Notably, GameFi, AI, and RWA sectors are worth mentioning.
GameFi sector has fallen -2.84% relative to the UTC 0 time, led by declines in CEC (-50.7%), cros (-15.5%), and ride (-13.8%).
AI sector has decreased -3% relative to UTC 0, with vvaifu (-36.2%), ai16z (-26.8%), and fartcoin (-25.3%) leading the drop.
RWA sector has fallen -3.72%, with polyx (-8.83%), tru (-7.8%), and om (-7.23%) leading the decline.
Let's go through the Crypto news worth paying attention today according to sosovalue:
The first is:The trading of Bitcoin spot ETF options has officially launched, with BlackRock's iShares Bitcoin Trust (IBIT) being the first to roll out. Following the U.S. Securities and Exchange Commission's approval of 11 Bitcoin ETFs, companies are actively seeking to list and trade options for their spot Bitcoin funds. IBIT is the first Bitcoin ETF to receive options approval, with assets under management nearing $45 billion. Options and derivatives provide liquidity and price discovery for large institutions, typically used for hedging trades, while retail investors use them for speculation. Market analysts believe that options trading will reduce Bitcoin's volatility. Grayscale has also quickly submitted an updated prospectus for its Bitcoin covered call ETF.
Next news:
According to Foresight News, monitored by @ai_9684xtpa, a certain whale deposited 100 WBTC (worth 9.22 million USD) to Binance after Bitcoin reached a new high early this morning, suspected to be a sell-off. This whale has accumulated a total of 1197 WBTC from trading platforms since February 2023, with a cost as low as 26,395 USD; if this sale occurs, it will yield a profit of 6.58 million USD, bringing the total profit to 19.69 million USD so far.
Next news:Teresa Goody Guillén is a senior official at the U.S. Securities and Exchange Commission, and according to informed sources, she is one of the candidates being considered by President-elect Donald Trump to lead the agency.
Next news:
Foresight News reports that, according to monitoring by The Data Nerd, 5 hours ago, a certain whale withdrew 69.30 billion BONK (approximately 3.70 million USD) from Binance and then transferred it to a wallet. This wallet has accumulated deposits of 610.95 billion BONK over the past month, amounting to approximately 34.13 million USD.
Foresight News reports that, according to monitoring by The Data Nerd, 5 hours ago, a certain whale withdrew 69.30 billion BONK (approximately 3.70 million USD) from Binance and then transferred it to a wallet. This wallet has accumulated deposits of 610.95 billion BONK over the past month, amounting to approximately 34.13 million USD.
Next news:
According to Foresight News, the emoji token launch platform emojicoin.fun, launched by the DeFi infrastructure protocol Econia Labs within the Aptos ecosystem, has gone live on the mainnet. It supports features such as fair launches, prevention of front-running, on-chain direct communication, and refundable deposits.
According to Foresight News, the emoji token launch platform emojicoin.fun, launched by the DeFi infrastructure protocol Econia Labs within the Aptos ecosystem, has gone live on the mainnet. It supports features such as fair launches, prevention of front-running, on-chain direct communication, and refundable deposits.
Next news:
Foresight News reports that Upbit has announced the addition of JASMY and NCT trading pairs in the $BTC and USDT markets on November 20 at 14:00.
Foresight News reports that Upbit has announced the addition of JASMY and NCT trading pairs in the $BTC and USDT markets on November 20 at 14:00.
Next news:OpenLayer, a crypto-AI startup founded by former Robinhood employees, raised $5 million in seed funding. Investors include a16z Crypto Startup Accelerator, Geometry, IOSG Ventures, and others. The funding round, structured as a SAFE, began in June and closed in August. OpenLayer, co-founded by Yuchen Jiang, Kevin Yin, and Chen Chen, addresses data access challenges highlighted during their time at Robinhood. The startup functions as an AI data layer, allowing users to contribute and validate data via a Chrome extension. OpenLayer launched as an AVS on EigenLayer, with over 48,575 restakers and a restaked value of 3.38 million ether. The platform is used by firms in social networking, gaming, and AI sectors. OpenLayer plans to launch its own token and expand its team.
Next news:Russia plans to ban cryptocurrency mining in certain regions during winter to address power shortages. A government committee led by Deputy Prime Minister Alexander Novak plans to restrict cryptocurrency mining activities during the heating season. The ban covers six regions in the North Caucasus and occupied Ukraine, prohibiting mining from December 2024 to March 2031. The Trans-Baikal region in Siberia will also face a similar winter mining ban. This move comes after Russian President Putin signed new regulations for cryptocurrency mining. The government has also approved amendments to tax laws concerning cryptocurrency trading and mining income. Additionally, the government has set a monthly electricity limit of 6,000 kWh for unregistered individual miners; those exceeding this limit must register as individual entrepreneurs to continue mining.
Next news:
According to Foresight News, Canadian investment fund SOL Global Investments has announced that it has reached an agreement with Canaccord Genuity Corp. and Clarus Securities Inc. as co-lead underwriters and co-bookrunners, representing a group of underwriters. Under this agreement, the underwriters will issue up to 18 million shares of the company at an offering price of $0.20 per share on a "best efforts" agency basis; this issuance will raise a maximum total of $3.60 million for the company. The company plans to use the net proceeds from the issuance to purchase Solana tokens through cryptocurrency exchanges at current market prices. Additionally, the company has made it clear that the Solana tokens acquired from the net proceeds of the issuance will not be used as collateral for any current or future secured debt of the company.
Next news:
According to Foresight News and reported by Cointelegraph, Michael Saylor, the founder of MicroStrategy, stated during the X Spaces event hosted by VanEck, "The proposer contacted me to present to the Microsoft board, and I agreed to give a three-minute speech to promote why Microsoft should purchase Bitcoin." Michael Saylor added, "98.5% of Microsoft's enterprise value (total company value) is leveraged from quarterly earnings, while 1.5% of its stock value comes from tangible assets. If half of the stock's enterprise value is based on tangible assets or properties like Bitcoin, then it would be a more stable stock with lower risk."
According to Foresight News and reported by Cointelegraph, Michael Saylor, the founder of MicroStrategy, stated during the X Spaces event hosted by VanEck, "The proposer contacted me to present to the Microsoft board, and I agreed to give a three-minute speech to promote why Microsoft should purchase Bitcoin." Michael Saylor added, "98.5% of Microsoft's enterprise value (total company value) is leveraged from quarterly earnings, while 1.5% of its stock value comes from tangible assets. If half of the stock's enterprise value is based on tangible assets or properties like Bitcoin, then it would be a more stable stock with lower risk."
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.
SoSo Daily Nov 20 | Bitcoin spot ETF options trading has been launched, with IBIT being the first to introduce it.
Crypto Market Overview
Let's turn our attention to today's overall Crypto market situation.
As of 11:59 AM on November 20, 2024, according to sosovalue, the total market cap of the crypto market stands at 3.25 trillion US dollars, witnessing a decrease of 0.634% compared to yesterday; the total trading volume is 232.10 billion US dollars, marking a decline of 2.34% from the previous day.
Cryptocurrency Market Update
According to sosovalue, the price of BTC is 93,450 USD, an increase of 1.96% from yesterday. The market cap of BTC is 1.85 trillion USD, accounting for 56.9% of the total market cap; BTC's 24-hour trading volume is 88.16 billion USD, making up 38% of the total trading volume.
The price of ETH is 3,099.7 USD, down 0.858% from yesterday; the market cap of ETH is 373.28 billion USD, representing 11.5% of the total market cap; ETH's 24-hour trading volume is 29.46 billion USD, comprising 12.7% of the total trading volume.
The combined market capitalization of BTC and ETH accounts for 68.4% of the total cryptocurrency market cap, and their combined trading volumes constitute 50.7% 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 ai16zeliza. As of 11:50 today, its market cap is 0E-8, with a coin price of 0.0259 USD, witnessing a 24-hour increase of 1200%.
The second is Open Loot. As of 11:50 today, its coin price is 0.10828 USD, with a 24-hour increase of 983%.
The third is Clover Finance. As of 11:50 today, its coin price is 0.11837 USD, showing a 24-hour increase of 69.9%.
In fourth place is BarnBridge. As of 11:50 today, its coin price is 2.1520 USD, with a 24-hour rise of 44.4%.
In fifth place is AllianceBlock Nexera. As of 11:50 today, its coin price is 0.03842 USD, increasing by 35.4% over the last 24 hours.
Moving on, let's take a look at the sector performance in crypto market.
According to sosovalue, out of 16 sectors, 3 are up and 13 are down. Notably, GameFi, AI, and RWA sectors are worth mentioning.
GameFi sector has fallen -2.84% relative to the UTC 0 time, led by declines in CEC (-50.7%), cros (-15.5%), and ride (-13.8%).
AI sector has decreased -3% relative to UTC 0, with vvaifu (-36.2%), ai16z (-26.8%), and fartcoin (-25.3%) leading the drop.
RWA sector has fallen -3.72%, with polyx (-8.83%), tru (-7.8%), and om (-7.23%) leading the decline.
Let's go through the Crypto news worth paying attention today according to sosovalue:
The first is:The trading of Bitcoin spot ETF options has officially launched, with BlackRock's iShares Bitcoin Trust (IBIT) being the first to roll out. Following the U.S. Securities and Exchange Commission's approval of 11 Bitcoin ETFs, companies are actively seeking to list and trade options for their spot Bitcoin funds. IBIT is the first Bitcoin ETF to receive options approval, with assets under management nearing $45 billion. Options and derivatives provide liquidity and price discovery for large institutions, typically used for hedging trades, while retail investors use them for speculation. Market analysts believe that options trading will reduce Bitcoin's volatility. Grayscale has also quickly submitted an updated prospectus for its Bitcoin covered call ETF.
Next news:
According to Foresight News, monitored by @ai_9684xtpa, a certain whale deposited 100 WBTC (worth 9.22 million USD) to Binance after Bitcoin reached a new high early this morning, suspected to be a sell-off. This whale has accumulated a total of 1197 WBTC from trading platforms since February 2023, with a cost as low as 26,395 USD; if this sale occurs, it will yield a profit of 6.58 million USD, bringing the total profit to 19.69 million USD so far.
Next news:Teresa Goody Guillén is a senior official at the U.S. Securities and Exchange Commission, and according to informed sources, she is one of the candidates being considered by President-elect Donald Trump to lead the agency.
Next news:
Foresight News reports that, according to monitoring by The Data Nerd, 5 hours ago, a certain whale withdrew 69.30 billion BONK (approximately 3.70 million USD) from Binance and then transferred it to a wallet. This wallet has accumulated deposits of 610.95 billion BONK over the past month, amounting to approximately 34.13 million USD.
Foresight News reports that, according to monitoring by The Data Nerd, 5 hours ago, a certain whale withdrew 69.30 billion BONK (approximately 3.70 million USD) from Binance and then transferred it to a wallet. This wallet has accumulated deposits of 610.95 billion BONK over the past month, amounting to approximately 34.13 million USD.
Next news:
According to Foresight News, the emoji token launch platform emojicoin.fun, launched by the DeFi infrastructure protocol Econia Labs within the Aptos ecosystem, has gone live on the mainnet. It supports features such as fair launches, prevention of front-running, on-chain direct communication, and refundable deposits.
According to Foresight News, the emoji token launch platform emojicoin.fun, launched by the DeFi infrastructure protocol Econia Labs within the Aptos ecosystem, has gone live on the mainnet. It supports features such as fair launches, prevention of front-running, on-chain direct communication, and refundable deposits.
Next news:
Foresight News reports that Upbit has announced the addition of JASMY and NCT trading pairs in the BTC and USDT markets on November 20 at 14:00.
Foresight News reports that Upbit has announced the addition of JASMY and NCT trading pairs in the BTC and USDT markets on November 20 at 14:00.
Next news:OpenLayer, a crypto-AI startup founded by former Robinhood employees, raised $5 million in seed funding. Investors include a16z Crypto Startup Accelerator, Geometry, IOSG Ventures, and others. The funding round, structured as a SAFE, began in June and closed in August. OpenLayer, co-founded by Yuchen Jiang, Kevin Yin, and Chen Chen, addresses data access challenges highlighted during their time at Robinhood. The startup functions as an AI data layer, allowing users to contribute and validate data via a Chrome extension. OpenLayer launched as an AVS on EigenLayer, with over 48,575 restakers and a restaked value of 3.38 million ether. The platform is used by firms in social networking, gaming, and AI sectors. OpenLayer plans to launch its own token and expand its team.
Next news:Russia plans to ban cryptocurrency mining in certain regions during winter to address power shortages. A government committee led by Deputy Prime Minister Alexander Novak plans to restrict cryptocurrency mining activities during the heating season. The ban covers six regions in the North Caucasus and occupied Ukraine, prohibiting mining from December 2024 to March 2031. The Trans-Baikal region in Siberia will also face a similar winter mining ban. This move comes after Russian President Putin signed new regulations for cryptocurrency mining. The government has also approved amendments to tax laws concerning cryptocurrency trading and mining income. Additionally, the government has set a monthly electricity limit of 6,000 kWh for unregistered individual miners; those exceeding this limit must register as individual entrepreneurs to continue mining.
Next news:
According to Foresight News, Canadian investment fund SOL Global Investments has announced that it has reached an agreement with Canaccord Genuity Corp. and Clarus Securities Inc. as co-lead underwriters and co-bookrunners, representing a group of underwriters. Under this agreement, the underwriters will issue up to 18 million shares of the company at an offering price of $0.20 per share on a "best efforts" agency basis; this issuance will raise a maximum total of $3.60 million for the company. The company plans to use the net proceeds from the issuance to purchase Solana tokens through cryptocurrency exchanges at current market prices. Additionally, the company has made it clear that the Solana tokens acquired from the net proceeds of the issuance will not be used as collateral for any current or future secured debt of the company.
Next news:
According to Foresight News and reported by Cointelegraph, Michael Saylor, the founder of MicroStrategy, stated during the X Spaces event hosted by VanEck, "The proposer contacted me to present to the Microsoft board, and I agreed to give a three-minute speech to promote why Microsoft should purchase Bitcoin." Michael Saylor added, "98.5% of Microsoft's enterprise value (total company value) is leveraged from quarterly earnings, while 1.5% of its stock value comes from tangible assets. If half of the stock's enterprise value is based on tangible assets or properties like Bitcoin, then it would be a more stable stock with lower risk."
According to Foresight News and reported by Cointelegraph, Michael Saylor, the founder of MicroStrategy, stated during the X Spaces event hosted by VanEck, "The proposer contacted me to present to the Microsoft board, and I agreed to give a three-minute speech to promote why Microsoft should purchase Bitcoin." Michael Saylor added, "98.5% of Microsoft's enterprise value (total company value) is leveraged from quarterly earnings, while 1.5% of its stock value comes from tangible assets. If half of the stock's enterprise value is based on tangible assets or properties like Bitcoin, then it would be a more stable stock with lower risk."
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.
