SoSo Daily Jun 12 | $SOSO Rallies 15% as SSI Protocol Revenue Climbs to #2 on Base
SoSo NewsletterJun 12, 2025
Crypto Market Update
Let'$s turn our attention to today'$s overall Crypto market situation.
As of 6 PM Hong Kong time on June 12, 2025, according to sosovalue, the total market cap of the crypto market stands at 3.53 trillion US dollars, witnessing a decrease of 3.77% compared to yesterday; the total trading volume is 120.14 billion US dollars, marking a decline of 9.37% from the previous day.
According to sosovalue, the price of $BTC is 108,320 USD, a decrease of 0.606% from yesterday. The market cap of $BTC is 2.15 trillion USD, accounting for 61% of the total market cap; $BTC'$s 24-hour trading volume is 29.54 billion USD, making up 24.6% of the total trading volume.
The price of $ETH is 2,762.9 USD, down 2.34% from yesterday; the market cap of $ETH is 333.54 billion USD, representing 9.45% of the total market cap; $ETH'$s 24-hour trading volume is 23.49 billion USD, comprising 19.6% of the total trading volume.
The combined market capitalization of $BTC and $ETH accounts for 70.45% of the total cryptocurrency market cap, and their combined trading volumes constitute 44.2% of the total trading volume.
After reviewing the overall crypto market situation, let'$s shift our focus to the top 5 token gainers of the day:
As of 18:00 Hong Kong time, according to sosovalue, the top five gainers are:
Top 1 gainer is Everdome. As of 18:00 today, its market cap is 8.60M, with a coin price of 0.00028670 USD, witnessing a 24-hour increase of 74.7%.
The second is Shark Cat. As of 18:00 today, its coin price is 0.0055786 USD, with a 24-hour increase of 50.8%.
The third is LETSTOP. As of 18:00 today, its coin price is 0.079270 USD, showing a 24-hour increase of 48.7%.
In fourth place is Kin. As of 18:00 today, its coin price is 0.0000020102 USD, with a 24-hour rise of 45.1%.
In fifth place is Raft. As of 18:00 today, its coin price is 0.00015890 USD, increasing by 39.3% over the last 24 hours.
Moving on, let'$s take a look at the sector performance in crypto market.
According to sosovalue, out of 16 sectors, 1 is up and 15 are down. Notably, Layer2, RWA, and AI sectors are worth mentioning.
Layer2 sector has fallen 5.45% relative to the UTC 0 time, led by declines in SKATE (-26.8%), corn (-18.5%), and ata (-11.8%).
RWA sector has decreased 5.61% relative to UTC 0, with MGT (-32.7%), cpool (-10.8%), and nxra (-10.4%) leading the drop.
AI sector has fallen 6.22%, with MAI (-25.9%), cookie (-17.2%), and ava (-17.1%) leading the decline.
According to sosovalue, out of 16 sectors, 1 is up and 15 are down. Notably, Layer2, RWA, and AI sectors are worth mentioning.
Layer2 sector has fallen 5.45% relative to the UTC 0 time, led by declines in SKATE (-26.8%), corn (-18.5%), and ata (-11.8%).
RWA sector has decreased 5.61% relative to UTC 0, with MGT (-32.7%), cpool (-10.8%), and nxra (-10.4%) leading the drop.
AI sector has fallen 6.22%, with MAI (-25.9%), cookie (-17.2%), and ava (-17.1%) leading the decline.
Let'$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:Odaily Planet Daily reports that according to on-chain analyst Yu Jin'$s monitoring, the Bitrue hacker is currently using 16.35 million $DAI to purchase $ETH, then laundering the $ETH through Tornado. This $DAI was obtained by selling $ETH at a price of $3,885 in March last year. In April 2023, the hacker stole various tokens worth $23 million from the Bitrue exchange, then converted these assets into $ETH; in March 2024, he sold 4,207 $ETH at the price of $3,885 to exchange for 16.35 million $DAI; one hour ago, he transferred the $DAI and $ETH to a new address and is currently converting $DAI back into $ETH, then laundering the $ETH through Tornado.
Next news:Tether, through its independent investment arm Tether Investments, has acquired approximately 31.9% of Canadian precious metals royalty company Elemental Altus Royalties Corp. for about 89 million USD. This investment allows Tether to gain diversified exposure to global gold production via royalties and streaming models, avoiding the risks associated with direct mining operations. The acquisition price was 1.55 CAD per share, with Tether holding a total of approximately 82.78 million common shares, accounting for 33.7% of the company’$s issued shares. Elemental CEO Frederick Bell welcomed Tether as a major shareholder, considering this a positive development for both the company and the gold royalties industry. This transaction is part of Tether'$s strategy to integrate long-term stable assets such as gold and Bitcoin into its ecosystem. Tether also secured an option to purchase an additional 34.44 million Elemental shares in the future, which if exercised, would increase its stake to 47.7%. Tether CEO Paolo Ardoino emphasized that this move aims to build a more resilient and transparent financial system, strengthening asset backing within its ecosystem. The Tether Group currently holds over 1.07 billion USD in Bitcoin and nearly 80 tons of physical gold and includes gold in its products and risk strategies through its Tether Gold token. Tether Investments indicated that it may seek further collaboration with Elemental'$s leadership on governance and long-term strategic planning in the future.
Next news:According to ChainCatcher, Sonic Labs has invested 400,000 $S tokens in Hey Anon, as per official announcements. Hey Anon is a pioneering on-chain AI protocol that is redefining how users interact with DeFi on Sonic. This investment is supported by the Sonic Innovators Fund.
Next news:XRP Ledger (XRPL) mainnet has adopted the stablecoin $USDC one week after Circle, the issuer of $USDC, went public. Circle'$s platforms, Circle Mint and Circle API, now support $USDC on XRPL, enhancing liquidity on the network. XRPL, linked to Ripple, plans to launch an Ethereum Virtual Machine (EVM) sidechain in Q2 2025. $XRP, XRPL'$s native token, is the fourth-largest cryptocurrency by market capitalization. Circle completed its IPO on June 5, with its stock price surging nearly 200% shortly after. $USDC accounts for about 25% of the total stablecoin supply, second to Tether'$s USDT at 65%.
Next news:
According to ChainCatcher, as monitored by Lookonchain, the mysterious whale address 0x1f25 has been identified as user @AguilaTrades.
In the past 4 days, they transferred 29.85 million $USDC from Bybit to Hyperliquid to take a 20x leveraged long position on BTC.
Currently, they have an unrealized loss exceeding 5.50 million USD, but as Bitcoin'$s price declined again, they chose to add to their position and continue going long.
Next news:ChainCatcher reports that cross-border e-commerce company $DDC Enterprise announced the addition of 38 bitcoins to its corporate treasury, bringing its total holdings to 138 BTC. Since May of this year, its bitcoin investment has achieved a 22% return. The company stated it will continue to implement a strict bitcoin accumulation strategy to further strengthen its strategic goal of becoming a leading global corporate treasury.
Next news:According to ChainCatcher news and monitored by Lookonchain, aura'$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.
Next news:Wu Shuo learned from Caixin that Chinese internet giant Tencent is reportedly studying a deal to acquire game developer Nexon for 15 billion USD. Tencent has a long-standing cooperation with Nexon, such as acting as the agent for the Chinese version of the game "Dungeon & Fighter." Nexon'$s Web3 investments include MapleStory Universe, Oasys, and CCP Games.
Okay that'$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 Jun 12 | $SOSO Rallies 15% as SSI Protocol Revenue Climbs to #2 on Base
SoSo NewsletterJun 12, 2025
Crypto Market Update
Let's turn our attention to today's overall Crypto market situation.
As of 6 PM Hong Kong time on June 12, 2025, according to sosovalue, the total market cap of the crypto market stands at 3.53 trillion US dollars, witnessing a decrease of 3.77% compared to yesterday; the total trading volume is 120.14 billion US dollars, marking a decline of 9.37% from the previous day.
According to sosovalue, the price of BTC is 108,320 USD, a decrease of 0.606% from yesterday. The market cap of BTC is 2.15 trillion USD, accounting for 61% of the total market cap; BTC's 24-hour trading volume is 29.54 billion USD, making up 24.6% of the total trading volume.
The price of ETH is 2,762.9 USD, down 2.34% from yesterday; the market cap of ETH is 333.54 billion USD, representing 9.45% of the total market cap; ETH's 24-hour trading volume is 23.49 billion USD, comprising 19.6% of the total trading volume.
The combined market capitalization of BTC and ETH accounts for 70.45% of the total cryptocurrency market cap, and their combined trading volumes constitute 44.2% 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 18:00 Hong Kong time, according to sosovalue, the top five gainers are:
Top 1 gainer is Everdome. As of 18:00 today, its market cap is 8.60M, with a coin price of 0.00028670 USD, witnessing a 24-hour increase of 74.7%.
The second is Shark Cat. As of 18:00 today, its coin price is 0.0055786 USD, with a 24-hour increase of 50.8%.
The third is LETSTOP. As of 18:00 today, its coin price is 0.079270 USD, showing a 24-hour increase of 48.7%.
In fourth place is Kin. As of 18:00 today, its coin price is 0.0000020102 USD, with a 24-hour rise of 45.1%.
In fifth place is Raft. As of 18:00 today, its coin price is 0.00015890 USD, increasing by 39.3% 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, 1 is up and 15 are down. Notably, Layer2, RWA, and AI sectors are worth mentioning.
Layer2 sector has fallen 5.45% relative to the UTC 0 time, led by declines in SKATE (-26.8%), corn (-18.5%), and ata (-11.8%).
RWA sector has decreased 5.61% relative to UTC 0, with MGT (-32.7%), cpool (-10.8%), and nxra (-10.4%) leading the drop.
AI sector has fallen 6.22%, with MAI (-25.9%), cookie (-17.2%), and ava (-17.1%) leading the decline.
According to sosovalue, out of 16 sectors, 1 is up and 15 are down. Notably, Layer2, RWA, and AI sectors are worth mentioning.
Layer2 sector has fallen 5.45% relative to the UTC 0 time, led by declines in SKATE (-26.8%), corn (-18.5%), and ata (-11.8%).
RWA sector has decreased 5.61% relative to UTC 0, with MGT (-32.7%), cpool (-10.8%), and nxra (-10.4%) leading the drop.
AI sector has fallen 6.22%, with MAI (-25.9%), cookie (-17.2%), and ava (-17.1%) 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:Odaily Planet Daily reports that according to on-chain analyst Yu Jin's monitoring, the Bitrue hacker is currently using 16.35 million DAI to purchase ETH, then laundering the ETH through Tornado. This DAI was obtained by selling ETH at a price of $3,885 in March last year. In April 2023, the hacker stole various tokens worth $23 million from the Bitrue exchange, then converted these assets into ETH; in March 2024, he sold 4,207 ETH at the price of $3,885 to exchange for 16.35 million DAI; one hour ago, he transferred the DAI and ETH to a new address and is currently converting DAI back into ETH, then laundering the ETH through Tornado.
Next news:Tether, through its independent investment arm Tether Investments, has acquired approximately 31.9% of Canadian precious metals royalty company Elemental Altus Royalties Corp. for about 89 million USD. This investment allows Tether to gain diversified exposure to global gold production via royalties and streaming models, avoiding the risks associated with direct mining operations. The acquisition price was 1.55 CAD per share, with Tether holding a total of approximately 82.78 million common shares, accounting for 33.7% of the company’s issued shares. Elemental CEO Frederick Bell welcomed Tether as a major shareholder, considering this a positive development for both the company and the gold royalties industry. This transaction is part of Tether's strategy to integrate long-term stable assets such as gold and Bitcoin into its ecosystem. Tether also secured an option to purchase an additional 34.44 million Elemental shares in the future, which if exercised, would increase its stake to 47.7%. Tether CEO Paolo Ardoino emphasized that this move aims to build a more resilient and transparent financial system, strengthening asset backing within its ecosystem. The Tether Group currently holds over 1.07 billion USD in Bitcoin and nearly 80 tons of physical gold and includes gold in its products and risk strategies through its Tether Gold token. Tether Investments indicated that it may seek further collaboration with Elemental's leadership on governance and long-term strategic planning in the future.
Next news:According to ChainCatcher, Sonic Labs has invested 400,000 S tokens in Hey Anon, as per official announcements. Hey Anon is a pioneering on-chain AI protocol that is redefining how users interact with DeFi on Sonic. This investment is supported by the Sonic Innovators Fund.
Next news:XRP Ledger (XRPL) mainnet has adopted the stablecoin USDC one week after Circle, the issuer of USDC, went public. Circle's platforms, Circle Mint and Circle API, now support USDC on XRPL, enhancing liquidity on the network. XRPL, linked to Ripple, plans to launch an Ethereum Virtual Machine (EVM) sidechain in Q2 2025. XRP, XRPL's native token, is the fourth-largest cryptocurrency by market capitalization. Circle completed its IPO on June 5, with its stock price surging nearly 200% shortly after. USDC accounts for about 25% of the total stablecoin supply, second to Tether's USDT at 65%.
Next news:
According to ChainCatcher, as monitored by Lookonchain, the mysterious whale address 0x1f25 has been identified as user @AguilaTrades.
In the past 4 days, they transferred 29.85 million USDC from Bybit to Hyperliquid to take a 20x leveraged long position on BTC.
Currently, they have an unrealized loss exceeding 5.50 million USD, but as Bitcoin's price declined again, they chose to add to their position and continue going long.
Next news:ChainCatcher reports that cross-border e-commerce company DDC Enterprise announced the addition of 38 bitcoins to its corporate treasury, bringing its total holdings to 138 BTC. Since May of this year, its bitcoin investment has achieved a 22% return. The company stated it will continue to implement a strict bitcoin accumulation strategy to further strengthen its strategic goal of becoming a leading global corporate treasury.
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.
Next news:Wu Shuo learned from Caixin that Chinese internet giant Tencent is reportedly studying a deal to acquire game developer Nexon for 15 billion USD. Tencent has a long-standing cooperation with Nexon, such as acting as the agent for the Chinese version of the game "Dungeon & Fighter." Nexon's Web3 investments include MapleStory Universe, Oasys, and CCP Games.
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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