SoSo Daily Jun 11 | The SEC requires updated filings; Solana spot ETF is expected to be approved within 4 months.
Crypto Market Update
Let's turn our attention to today's overall Crypto market situation.
As of 6 AM Hong Kong time on June 11, 2025, according to sosovalue, the total market cap of the crypto market stands at 3.58 trillion US dollars, witnessing a decrease of 1.21% compared to yesterday; the total trading volume is 139.25 billion US dollars, marking an increase of 11.2% from the previous day.
Cryptocurrency Market Update - June 11, 2025
According to sosovalue, the price of $BTC is 109,500 USD, an increase of 0.267% from yesterday. The market cap of $BTC is 2.18 trillion USD, accounting for 60.8% of the total market cap; $BTC's 24-hour trading volume is 34.45 billion USD, making up 24.7% of the total trading volume.
The price of $ETH is 2,794.1 USD, up 5.04% from yesterday; the market cap of $ETH is 337.31 billion USD, representing 9.43% of the total market cap; $ETH's 24-hour trading volume is 35.56 billion USD, comprising 25.5% of the total trading volume.
The combined market capitalization of $BTC and $ETH accounts for 70.23% of the total cryptocurrency market cap, and their combined trading volumes constitute 50.2% of the total trading volume.
As of 06:00 on June 11, 2025, according to sosovalue, the top five gainers are:
Top 1 gainer is HOME. As of 06:00 today, its market cap is 78.95M USD, with a coin price of 0.029026 USD, witnessing a 24-hour increase of 7160%.
The second is Resolv. As of 06:00 today, its coin price is 0.30010 USD, with a 24-hour increase of 275%.
The third is ADreward. As of 06:00 today, its coin price is 0.0000041340 USD, showing a 24-hour increase of 76%.
In fourth place is Witnet. As of 06:00 today, its coin price is 0.0010679 USD, with a 24-hour rise of 73.8%.
In fifth place is DinoLFG. As of 06:00 today, its coin price is 0.0021767 USD, increasing by 48% 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, all 16 are up and 0 are down. Notably, DeFi, Layer2, and $ETH sectors are worth mentioning.
DeFi sector has risen 6.91% relative to the UTC 0 time, led by gains in $HOME (7160%), $RESOLV (273%), and rpl (27.9%).
Layer2 sector has increased 5.76% relative to UTC 0, with op (13.2%), arb (12.4%), and Move (10.3%) leading the rise.
$ETH sector has risen 5.08%, with $eth (5.08%) leading the rise.
Let's go through the Crypto news worth paying attention today according to sosovalue:
The first is:The U.S. Securities and Exchange Commission (SEC) has requested the proposed spot Solana Exchange-Traded Fund (ETF) issuers to update their S-1 filings, indicating that approval may be imminent. Following the approval of spot Bitcoin and Ethereum ETFs last year, many companies have submitted fund proposals tracking cryptocurrencies such as $SOL and XRP. Although analysts believe altcoin funds have a higher probability of approval, the SEC has not yet approved any such funds. Bloomberg senior ETF analyst Eric Balchunas expects the Solana spot ETF to be approved within two to four months. Solana's price rose by 4% following the release of the relevant news, and related company stocks also saw gains. Several companies declined to comment further.
Next news:Bullish, a cryptocurrency exchange backed by billionaire Peter Thiel, has confidentially filed for an initial public offering (IPO) in the United States, according to the Financial Times. The filing was made with the Securities and Exchange Commission recently, allowing Bullish to prepare for its public listing without immediate disclosure of financial details. Jefferies is expected to be the lead underwriter for the IPO. Bullish is a regulated global crypto exchange with tier-1 licenses and acquired crypto media outlet CoinDesk in November 2023. The company previously attempted an IPO via a special purpose acquisition company in 2021 but did not proceed. This planned IPO follows the recent successful debut of Circle, whose stock surged nearly 200% on its first day. The Block has sought comment from Bullish.
Next news:
According to SoSoValue data, Bitcoin spot ETF saw a total net inflow of 431.12M USD yesterday (Eastern Time, June 10th).
The Bitcoin Spot ETF with the highest net inflow yesterday was BlackRock's ETF IBIT, with a daily net inflow of 336.74M USD, and the total historical net inflow of IBIT currently stands at 49.11B USD.
The second highest was Fidelity's ETF FBTC, with a daily net inflow of 67.07M USD, and the total historical net inflow of FBTC currently stands at 11.68B USD.
The Bitcoin Spot ETF with the highest net outflow yesterday was Bitwise's ETF BITB, with a daily net outflow of 597.27K USD, and the total historical net inflow of BITB currently stands at 2.04B USD.
As of the time of publication, the total net asset value of Bitcoin Spot ETFs is 132.83B USD, with an ETF net asset ratio (market capitalization relative to the total Bitcoin market cap) of 6.08%. The historical cumulative net inflow has reached 45.06B USD.
Next news:According to ChainCatcher news and monitoring by Onchain Lens, a certain whale has continued to increase its 20x long Bitcoin position, which is currently valued at over 300 million USD, with unrealized profits exceeding 4.60 million USD. The current position is 2,817.58 $BTC, with a liquidation price of 105,780 USD.
Next news:
According to data from SoSoValue, Ethereum spot ETFs recorded a total net inflow of $125 million on June 10 (ET).
The ETF with the largest single-day net inflow was BlackRock’s ETHA, which brought in $80.59 million. ETHA’s cumulative net inflow has now reached $4.971 billion.
Fidelity’s ETF FETH followed, recording a net inflow of $26.32 million, bringing its cumulative total to $1.555 billion.
As of the time of writing, the total net asset value (NAV) of Ethereum spot ETFs stands at $10.65 billion, representing 3.18% of Ethereum’s total market capitalization. The cumulative net inflow has reached $3.504 billion.
Next news:According to Protos, Jason Hughes, Vice President of the OCEAN mining pool, announced he is selling all his Bitcoin holdings and exiting the industry due to his opposition to Bitcoin Core's upcoming adjustment of the OP_RETURN rules.Yesterday, 31 core developers signed a letter planning to increase the default mempool transaction limit to 4 million bytes in the next Bitcoin Core v30 update (October), supporting data on-chain applications such as DAOs and oracles. This move has sparked controversy; Hughes expressed disappointment, believing that Bitcoin's uniqueness no longer exists. He has also received job offers outside the crypto industry.
Next news:According to ChainCatcher, as reported by Techfundingnews, London-based fintech infrastructure platform OpenTrade has completed a $7 million strategic funding round led by Notion Capital and Mercury Fund, with participation from AlbionVC, a16z crypto, and CMCC Global. OpenTrade enables fintech companies to directly embed real-world asset (RWA)-based stablecoin yield products into existing applications, transforming stablecoins from passive payment tools into active savings tools with annual interest rates of up to 3-9%. Since its launch in early 2024, OpenTrade has processed over $175 million in transaction volume and manages $47 million in client assets, achieving an average monthly growth rate of 20% over the past six months.
Next news:Odaily Planet Daily reports that the decentralized identity platform Humanity Protocol has announced the acquisition of the Web3 event infrastructure platform Moongate. Moongate specializes in providing ticketing, credential management, and access control services for global events. This acquisition will help Humanity Protocol promote its palm-based Proof of Humanity identity verification technology through real-world use cases. Moongate will continue to operate under its independent brand while deeply integrating into the Humanity Protocol ecosystem to support on-chain identity and biometric verification. Both parties will launch pilot projects and flagship events to showcase the applications of decentralized identity.
Next news:Odaily Planet Daily News: According to OnchainLens monitoring, a newly created wallet address withdrew 200 $BTC from Binance today, with a total value of approximately 22 million USD based on the current price.
Next news:According to ChainCatcher, based on monitoring by on-chain analysis platform Lookonchain (@lookonchain), James Wynn apparently created a new wallet 6 days ago and has continued speculative operations — taking a 40x long position on Bitcoin ($BTC) and a 10x long position on PEPE. Currently, this wallet has unrealized profits exceeding 2 million USD.
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 Jun 11 | The SEC requires updated filings; Solana spot ETF is expected to be approved within 4 months.
Crypto Market Update
Let's turn our attention to today's overall Crypto market situation.
As of 6 AM Hong Kong time on June 11, 2025, according to sosovalue, the total market cap of the crypto market stands at 3.58 trillion US dollars, witnessing a decrease of 1.21% compared to yesterday; the total trading volume is 139.25 billion US dollars, marking an increase of 11.2% from the previous day.
Cryptocurrency Market Update - June 11, 2025
According to sosovalue, the price of BTC is 109,500 USD, an increase of 0.267% from yesterday. The market cap of BTC is 2.18 trillion USD, accounting for 60.8% of the total market cap; BTC's 24-hour trading volume is 34.45 billion USD, making up 24.7% of the total trading volume.
The price of ETH is 2,794.1 USD, up 5.04% from yesterday; the market cap of ETH is 337.31 billion USD, representing 9.43% of the total market cap; ETH's 24-hour trading volume is 35.56 billion USD, comprising 25.5% of the total trading volume.
The combined market capitalization of BTC and ETH accounts for 70.23% of the total cryptocurrency market cap, and their combined trading volumes constitute 50.2% of the total trading volume.
As of 06:00 on June 11, 2025, according to sosovalue, the top five gainers are:
Top 1 gainer is HOME. As of 06:00 today, its market cap is 78.95M USD, with a coin price of 0.029026 USD, witnessing a 24-hour increase of 7160%.
The second is Resolv. As of 06:00 today, its coin price is 0.30010 USD, with a 24-hour increase of 275%.
The third is ADreward. As of 06:00 today, its coin price is 0.0000041340 USD, showing a 24-hour increase of 76%.
In fourth place is Witnet. As of 06:00 today, its coin price is 0.0010679 USD, with a 24-hour rise of 73.8%.
In fifth place is DinoLFG. As of 06:00 today, its coin price is 0.0021767 USD, increasing by 48% 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, all 16 are up and 0 are down. Notably, DeFi, Layer2, and ETH sectors are worth mentioning.
DeFi sector has risen 6.91% relative to the UTC 0 time, led by gains in HOME (7160%), RESOLV (273%), and rpl (27.9%).
Layer2 sector has increased 5.76% relative to UTC 0, with op (13.2%), arb (12.4%), and Move (10.3%) leading the rise.
ETH sector has risen 5.08%, with eth (5.08%) leading the rise.
Let's go through the Crypto news worth paying attention today according to sosovalue:
The first is:The U.S. Securities and Exchange Commission (SEC) has requested the proposed spot Solana Exchange-Traded Fund (ETF) issuers to update their S-1 filings, indicating that approval may be imminent. Following the approval of spot Bitcoin and Ethereum ETFs last year, many companies have submitted fund proposals tracking cryptocurrencies such as SOL and XRP. Although analysts believe altcoin funds have a higher probability of approval, the SEC has not yet approved any such funds. Bloomberg senior ETF analyst Eric Balchunas expects the Solana spot ETF to be approved within two to four months. Solana's price rose by 4% following the release of the relevant news, and related company stocks also saw gains. Several companies declined to comment further.
Next news:Bullish, a cryptocurrency exchange backed by billionaire Peter Thiel, has confidentially filed for an initial public offering (IPO) in the United States, according to the Financial Times. The filing was made with the Securities and Exchange Commission recently, allowing Bullish to prepare for its public listing without immediate disclosure of financial details. Jefferies is expected to be the lead underwriter for the IPO. Bullish is a regulated global crypto exchange with tier-1 licenses and acquired crypto media outlet CoinDesk in November 2023. The company previously attempted an IPO via a special purpose acquisition company in 2021 but did not proceed. This planned IPO follows the recent successful debut of Circle, whose stock surged nearly 200% on its first day. The Block has sought comment from Bullish.
Next news:
According to SoSoValue data, Bitcoin spot ETF saw a total net inflow of 431.12M USD yesterday (Eastern Time, June 10th).
The Bitcoin Spot ETF with the highest net inflow yesterday was BlackRock's ETF IBIT, with a daily net inflow of 336.74M USD, and the total historical net inflow of IBIT currently stands at 49.11B USD.
The second highest was Fidelity's ETF FBTC, with a daily net inflow of 67.07M USD, and the total historical net inflow of FBTC currently stands at 11.68B USD.
The Bitcoin Spot ETF with the highest net outflow yesterday was Bitwise's ETF BITB, with a daily net outflow of 597.27K USD, and the total historical net inflow of BITB currently stands at 2.04B USD.
As of the time of publication, the total net asset value of Bitcoin Spot ETFs is 132.83B USD, with an ETF net asset ratio (market capitalization relative to the total Bitcoin market cap) of 6.08%. The historical cumulative net inflow has reached 45.06B USD.
Next news:According to ChainCatcher news and monitoring by Onchain Lens, a certain whale has continued to increase its 20x long Bitcoin position, which is currently valued at over 300 million USD, with unrealized profits exceeding 4.60 million USD. The current position is 2,817.58 BTC, with a liquidation price of 105,780 USD.
Next news:
According to data from SoSoValue, Ethereum spot ETFs recorded a total net inflow of $125 million on June 10 (ET).
The ETF with the largest single-day net inflow was BlackRock’s ETHA, which brought in $80.59 million. ETHA’s cumulative net inflow has now reached $4.971 billion.
Fidelity’s ETF FETH followed, recording a net inflow of $26.32 million, bringing its cumulative total to $1.555 billion.
As of the time of writing, the total net asset value (NAV) of Ethereum spot ETFs stands at $10.65 billion, representing 3.18% of Ethereum’s total market capitalization. The cumulative net inflow has reached $3.504 billion.
Next news:According to Protos, Jason Hughes, Vice President of the OCEAN mining pool, announced he is selling all his Bitcoin holdings and exiting the industry due to his opposition to Bitcoin Core's upcoming adjustment of the OP_RETURN rules.Yesterday, 31 core developers signed a letter planning to increase the default mempool transaction limit to 4 million bytes in the next Bitcoin Core v30 update (October), supporting data on-chain applications such as DAOs and oracles. This move has sparked controversy; Hughes expressed disappointment, believing that Bitcoin's uniqueness no longer exists. He has also received job offers outside the crypto industry.
Next news:According to ChainCatcher, as reported by Techfundingnews, London-based fintech infrastructure platform OpenTrade has completed a $7 million strategic funding round led by Notion Capital and Mercury Fund, with participation from AlbionVC, a16z crypto, and CMCC Global. OpenTrade enables fintech companies to directly embed real-world asset (RWA)-based stablecoin yield products into existing applications, transforming stablecoins from passive payment tools into active savings tools with annual interest rates of up to 3-9%. Since its launch in early 2024, OpenTrade has processed over $175 million in transaction volume and manages $47 million in client assets, achieving an average monthly growth rate of 20% over the past six months.
Next news:Odaily Planet Daily reports that the decentralized identity platform Humanity Protocol has announced the acquisition of the Web3 event infrastructure platform Moongate. Moongate specializes in providing ticketing, credential management, and access control services for global events. This acquisition will help Humanity Protocol promote its palm-based Proof of Humanity identity verification technology through real-world use cases. Moongate will continue to operate under its independent brand while deeply integrating into the Humanity Protocol ecosystem to support on-chain identity and biometric verification. Both parties will launch pilot projects and flagship events to showcase the applications of decentralized identity.
Next news:Odaily Planet Daily News: According to OnchainLens monitoring, a newly created wallet address withdrew 200 BTC from Binance today, with a total value of approximately 22 million USD based on the current price.
Next news:According to ChainCatcher, based on monitoring by on-chain analysis platform Lookonchain (@lookonchain), James Wynn apparently created a new wallet 6 days ago and has continued speculative operations — taking a 40x long position on Bitcoin (BTC) and a 10x long position on PEPE. Currently, this wallet has unrealized profits exceeding 2 million USD.
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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