SoSo Daily Jun 12 | $SOSO Rallies 15% as SSI Protocol Revenue Climbs to #2 on Base
Crypto Market Update
Let's turn our attention to today's overall Crypto market situation.
As of 11:59 AM on June 12, 2025, according to sosovalue, the total market cap of the crypto market stands at 3.49 trillion US dollars, witnessing a decrease of 4.25% compared to yesterday; the total trading volume is 131.82 billion US dollars, marking a slight decline of 0.29% from the previous day.
Cryptocurrency Market Update - June 12, 2025
According to sosovalue, the price of $BTC is 106,900 USD, a decrease of 2.12% from yesterday. The market cap of $BTC is 2.13 trillion USD, accounting for 60.9% of the total market cap; $BTC's 24-hour trading volume is 34.14 billion USD, making up 25.9% of the total trading volume.
The price of $ETH is 2,729.3 USD, down 1.53% from yesterday; the market cap of $ETH is 329.49 billion USD, representing 9.44% of the total market cap; $ETH's 24-hour trading volume is 30.61 billion USD, comprising 23.2% of the total trading volume.
The combined market capitalization of $BTC and $ETH accounts for 70.34% of the total cryptocurrency market cap, and their combined trading volumes constitute 49.1% 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 11:50 Hong Kong time, according to sosovalue, the top five gainers are:
Top 1 gainer is Kin. As of 11:50 today, its market cap is 5.62M USD, with a coin price of 0.0000021244 USD, witnessing a 24-hour increase of 67.4%.
The second is LETSTOP. As of 11:50 today, its coin price is 0.085380 USD, with a 24-hour increase of 60.7%.
The third is Everdome. As of 11:50 today, its coin price is 0.00018500 USD, showing a 24-hour increase of 43.4%.
In fourth place is Aura Network. As of 11:50 today, its coin price is 0.0081530 USD, with a 24-hour rise of 37.8%.
In fifth place is NuLink. As of 11:50 today, its coin price is 0.0048670 USD, increasing by 30.8% over the last 24 hours.
Sector Performance in Crypto Market
Moving on, let's take a look at the sector performance in crypto market.
According to sosovalue, out of 16 sectors, 1 is up and 15 are down. Notably, DePIN, DeFi, and RWA sectors are worth mentioning.
DePIN sector has fallen 5.6% relative to the UTC 0 time, led by declines in GRASS (-14.1%), ROAM (-13.3%), and DTEC (-12.8%).
DeFi sector has decreased 5.63% relative to UTC 0, with mcb (-63.5%), drep (-56.3%), and anc (-51.7%) leading the drop.
RWA sector has fallen 6.02%, with RWA (-17.9%), pendle (-12.6%), and PLUME (-9.55%) leading the decline.
Let's go through the Crypto news worth paying attention today according to sosovalue:
The first is:
While the broader crypto market saw a pullback today, $SOSO defied the trend with a 15% surge over the past 24 hours—one of the strongest performances among Base ecosystem tokens.
This price action coincides with a rise in SSI protocol revenue, which has now climbed to the second-highest among all DeFi protocols on Base.
The recent release of a teaser video has fueled active discussion across the community, adding to the growing momentum behind the project.
Next news:ChainCatcher reports that, according to Bloomberg, Ant Group's international division is planning to apply for stablecoin licenses in Hong Kong and Singapore.
Next news:
According to SoSoValue data, Bitcoin spot ETF saw a total net inflow of 164.57M USD yesterday (Eastern Time, June 11th).
The Bitcoin Spot ETF with the highest net inflow yesterday was BlackRock's ETF IBIT, with a daily net inflow of 131.01M USD, and the total historical net inflow of IBIT currently stands at 49.24B USD.
The second highest was VanEck's ETF HODL, with a daily net inflow of 15.39M USD, and the total historical net inflow of HODL currently stands at 968.94M USD.
As of the time of publication, the total net asset value of Bitcoin Spot ETFs is 131.85B USD, with an ETF net asset ratio (market capitalization relative to the total Bitcoin market cap) of 6.09%. The historical cumulative net inflow has reached 45.22B USD.
Next news:
ChainCatcher reports that according to Onchain Lens monitoring, the whale with 20x leveraged long Bitcoin positions is suspected to be AguilaTrades (@AguilaTrades), with the current position value exceeding 432 million USD:
- Total deposits: 29.85 million USD;
- Position: 3,956.32 $BTC;
- Entry price: 108,638.7 USD;
- Liquidation price: 103,290 USD;
- Unrealized profit: over 2.70 million USD.
Next news:
Foresight News reported that, according to Onchain Lens monitoring, a certain whale deposited 8 million $USDC into HyperLiquid and spent 4.26 million $USDC to purchase 100 thousand $HYPE tokens at a price of 42.58 USD each, subsequently staking them. The whale also opened short positions on $HYPE (10x leverage), SPX (5x leverage), and FARTCOIN (3x leverage). Additionally, the whale holds short positions on SOL, TRUMP, and SUI.
Next news:U.S. Treasury Secretary Scott Baesert stated at a Senate hearing that the U.S. dollar-backed stablecoin market is expected to exceed $2 trillion within the next three years. Baesert supports the Senate Appropriations Committee's estimate that the GENIUS Act will drive the dollar stablecoin market to reach $2 trillion by the end of 2028. The Act requires stablecoins to be fully backed by U.S. dollars or similar liquid assets and mandates annual audits for issuers with a market capitalization exceeding $5 billion. The Senate has voted to advance the bill, and President Trump also supports signing it before August. Currently, the market capitalization of U.S. dollar-pegged stablecoins is $246.90 billion, accounting for over 96% of the stablecoin market. With the bill's progress, major banks such as Bank of America are preparing to issue their own stablecoins, and Circle, the issuer of $USDC, saw its stock price surge 235% on its recent first day of public trading.
Next news:According to Bloomberg, due to the ultimatum issued by the Monetary Authority of Singapore (MAS) on May 30, requiring unlicensed cryptocurrency companies that have operations in Singapore but provide services overseas to cease operations by June 30, unlicensed exchanges such as Bitget and Bybit are considering withdrawing from Singapore and relocating their staff to places like Dubai and Hong Kong.MAS stated that there will be no transition period, and the issuance of new licenses will be extremely limited. This measure applies to Singapore companies with front-office functions or overseas clients. Patrick Tan, Chief Legal Officer of ChainArgos, said this move is "almost equivalent to evacuation," and the industry is currently intensively assessing compliance risks.
Next news:According to Bitcoin Magazine, alternative investment and private credit firm F Street has announced the launch of a Bitcoin asset allocation program, aiming to accumulate $BTC worth 10 million USD. Since June 9, the company has started daily Bitcoin purchases using business revenue and financial funds. F Street's Chief Operating Officer Mike Doney stated that Bitcoin has the advantage of hedging against inflation and US dollar depreciation, and incorporating it into the company's finances is an important strategy to protect investors' interests.
Next news:The U.S. Senate passed a procedural vote to advance the GENIUS Act with a count of 68 to 30, paving the way for the final vote on stablecoin legislation. The Act requires stablecoins to be fully backed by the U.S. dollar or similar liquid assets, mandates annual audits for issuers with a market capitalization exceeding 50 billion USD, and includes regulatory provisions for foreign issuers. The bill received bipartisan support from some members but also faced opposition from certain Democratic senators. The Trump administration expressed support for the bill, with former President Trump himself hoping to sign the related legislation before August. There are differences between the Senate and the House of Representatives regarding stablecoin regulatory legislation that need to be reconciled. Trump and his family have recently been actively involved in the digital asset sector, raising some lawmakers' concerns about potential conflicts of interest. The House Financial Services Committee and the Agriculture Committee are also advancing related cryptocurrency regulatory bills.
Next news:According to ChainCatcher news and monitored by Lookonchain, aura's market capitalization surged from 900 thousand USD to over 110 million USD in just 2 days, an increase of 128 times. Trader HAkvH2 spent 132 thousand USD to purchase 10.45 million aura tokens and held them for 6 months. However, two days ago, right at the start of the surge, he sold all for 94 thousand USD, incurring a loss of 38 thousand USD. Had he not sold early, his profit could have exceeded 1 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 12 | $SOSO Rallies 15% as SSI Protocol Revenue Climbs to #2 on Base
Crypto Market Update
Let's turn our attention to today's overall Crypto market situation.
As of 11:59 AM on June 12, 2025, according to sosovalue, the total market cap of the crypto market stands at 3.49 trillion US dollars, witnessing a decrease of 4.25% compared to yesterday; the total trading volume is 131.82 billion US dollars, marking a slight decline of 0.29% from the previous day.
Cryptocurrency Market Update - June 12, 2025
According to sosovalue, the price of BTC is 106,900 USD, a decrease of 2.12% from yesterday. The market cap of BTC is 2.13 trillion USD, accounting for 60.9% of the total market cap; BTC's 24-hour trading volume is 34.14 billion USD, making up 25.9% of the total trading volume.
The price of ETH is 2,729.3 USD, down 1.53% from yesterday; the market cap of ETH is 329.49 billion USD, representing 9.44% of the total market cap; ETH's 24-hour trading volume is 30.61 billion USD, comprising 23.2% of the total trading volume.
The combined market capitalization of BTC and ETH accounts for 70.34% of the total cryptocurrency market cap, and their combined trading volumes constitute 49.1% 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 11:50 Hong Kong time, according to sosovalue, the top five gainers are:
Top 1 gainer is Kin. As of 11:50 today, its market cap is 5.62M USD, with a coin price of 0.0000021244 USD, witnessing a 24-hour increase of 67.4%.
The second is LETSTOP. As of 11:50 today, its coin price is 0.085380 USD, with a 24-hour increase of 60.7%.
The third is Everdome. As of 11:50 today, its coin price is 0.00018500 USD, showing a 24-hour increase of 43.4%.
In fourth place is Aura Network. As of 11:50 today, its coin price is 0.0081530 USD, with a 24-hour rise of 37.8%.
In fifth place is NuLink. As of 11:50 today, its coin price is 0.0048670 USD, increasing by 30.8% over the last 24 hours.
Sector Performance in Crypto Market
Moving on, let's take a look at the sector performance in crypto market.
According to sosovalue, out of 16 sectors, 1 is up and 15 are down. Notably, DePIN, DeFi, and RWA sectors are worth mentioning.
DePIN sector has fallen 5.6% relative to the UTC 0 time, led by declines in GRASS (-14.1%), ROAM (-13.3%), and DTEC (-12.8%).
DeFi sector has decreased 5.63% relative to UTC 0, with mcb (-63.5%), drep (-56.3%), and anc (-51.7%) leading the drop.
RWA sector has fallen 6.02%, with RWA (-17.9%), pendle (-12.6%), and PLUME (-9.55%) leading the decline.
Let's go through the Crypto news worth paying attention today according to sosovalue:
The first is:
While the broader crypto market saw a pullback today, $SOSO defied the trend with a 15% surge over the past 24 hours—one of the strongest performances among Base ecosystem tokens.
This price action coincides with a rise in SSI protocol revenue, which has now climbed to the second-highest among all DeFi protocols on Base.
The recent release of a teaser video has fueled active discussion across the community, adding to the growing momentum behind the project.
Next news:ChainCatcher reports that, according to Bloomberg, Ant Group's international division is planning to apply for stablecoin licenses in Hong Kong and Singapore.
Next news:
According to SoSoValue data, Bitcoin spot ETF saw a total net inflow of 164.57M USD yesterday (Eastern Time, June 11th).
The Bitcoin Spot ETF with the highest net inflow yesterday was BlackRock's ETF IBIT, with a daily net inflow of 131.01M USD, and the total historical net inflow of IBIT currently stands at 49.24B USD.
The second highest was VanEck's ETF HODL, with a daily net inflow of 15.39M USD, and the total historical net inflow of HODL currently stands at 968.94M USD.
As of the time of publication, the total net asset value of Bitcoin Spot ETFs is 131.85B USD, with an ETF net asset ratio (market capitalization relative to the total Bitcoin market cap) of 6.09%. The historical cumulative net inflow has reached 45.22B USD.
Next news:
ChainCatcher reports that according to Onchain Lens monitoring, the whale with 20x leveraged long Bitcoin positions is suspected to be AguilaTrades (@AguilaTrades), with the current position value exceeding 432 million USD:
- Total deposits: 29.85 million USD;
- Position: 3,956.32 BTC;
- Entry price: 108,638.7 USD;
- Liquidation price: 103,290 USD;
- Unrealized profit: over 2.70 million USD.
Next news:
Foresight News reported that, according to Onchain Lens monitoring, a certain whale deposited 8 million USDC into HyperLiquid and spent 4.26 million USDC to purchase 100 thousand HYPE tokens at a price of 42.58 USD each, subsequently staking them. The whale also opened short positions on HYPE (10x leverage), SPX (5x leverage), and FARTCOIN (3x leverage). Additionally, the whale holds short positions on SOL, TRUMP, and SUI.
Next news:U.S. Treasury Secretary Scott Baesert stated at a Senate hearing that the U.S. dollar-backed stablecoin market is expected to exceed $2 trillion within the next three years. Baesert supports the Senate Appropriations Committee's estimate that the GENIUS Act will drive the dollar stablecoin market to reach $2 trillion by the end of 2028. The Act requires stablecoins to be fully backed by U.S. dollars or similar liquid assets and mandates annual audits for issuers with a market capitalization exceeding $5 billion. The Senate has voted to advance the bill, and President Trump also supports signing it before August. Currently, the market capitalization of U.S. dollar-pegged stablecoins is $246.90 billion, accounting for over 96% of the stablecoin market. With the bill's progress, major banks such as Bank of America are preparing to issue their own stablecoins, and Circle, the issuer of USDC, saw its stock price surge 235% on its recent first day of public trading.
Next news:According to Bloomberg, due to the ultimatum issued by the Monetary Authority of Singapore (MAS) on May 30, requiring unlicensed cryptocurrency companies that have operations in Singapore but provide services overseas to cease operations by June 30, unlicensed exchanges such as Bitget and Bybit are considering withdrawing from Singapore and relocating their staff to places like Dubai and Hong Kong.MAS stated that there will be no transition period, and the issuance of new licenses will be extremely limited. This measure applies to Singapore companies with front-office functions or overseas clients. Patrick Tan, Chief Legal Officer of ChainArgos, said this move is "almost equivalent to evacuation," and the industry is currently intensively assessing compliance risks.
Next news:According to Bitcoin Magazine, alternative investment and private credit firm F Street has announced the launch of a Bitcoin asset allocation program, aiming to accumulate BTC worth 10 million USD. Since June 9, the company has started daily Bitcoin purchases using business revenue and financial funds. F Street's Chief Operating Officer Mike Doney stated that Bitcoin has the advantage of hedging against inflation and US dollar depreciation, and incorporating it into the company's finances is an important strategy to protect investors' interests.
Next news:The U.S. Senate passed a procedural vote to advance the GENIUS Act with a count of 68 to 30, paving the way for the final vote on stablecoin legislation. The Act requires stablecoins to be fully backed by the U.S. dollar or similar liquid assets, mandates annual audits for issuers with a market capitalization exceeding 50 billion USD, and includes regulatory provisions for foreign issuers. The bill received bipartisan support from some members but also faced opposition from certain Democratic senators. The Trump administration expressed support for the bill, with former President Trump himself hoping to sign the related legislation before August. There are differences between the Senate and the House of Representatives regarding stablecoin regulatory legislation that need to be reconciled. Trump and his family have recently been actively involved in the digital asset sector, raising some lawmakers' concerns about potential conflicts of interest. The House Financial Services Committee and the Agriculture Committee are also advancing related cryptocurrency regulatory bills.
Next news:According to ChainCatcher news and monitored by Lookonchain, aura's market capitalization surged from 900 thousand USD to over 110 million USD in just 2 days, an increase of 128 times. Trader HAkvH2 spent 132 thousand USD to purchase 10.45 million aura tokens and held them for 6 months. However, two days ago, right at the start of the surge, he sold all for 94 thousand USD, incurring a loss of 38 thousand USD. Had he not sold early, his profit could have exceeded 1 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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