SoSo Daily Nov 23 | BTC spot ETF total net inflow was $490.35M yesterday, marking a 5 days of consistent inflow.

According to sosovalue, the price of $BTC is 98,757 USD, a decrease of 0.0343% from yesterday. The market cap of $BTC is 1.95 trillion USD, accounting for 56% of the total market cap; $BTC's 24-hour trading volume is 81.34 billion USD, making up 27.6% of the total trading volume.
The price of $ETH is 3,349.5 USD, down 0.788% from yesterday; the market cap of $ETH is 403.38 billion USD, representing 11.6% of the total market cap; $ETH's 24-hour trading volume is 38.64 billion USD, comprising 13.1% of the total trading volume.
The combined market capitalization of $BTC and $ETH accounts for 67.6% of the total cryptocurrency market cap, and their combined trading volumes constitute 40.7% 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 MEMEFI. As of 16:00 today, its market cap is 0E-8, with a coin price of 0.0068910 USD, witnessing a 24-hour increase of 130%.
The second is Blocto. As of 16:00 today, its coin price is 0.0062500 USD, with a 24-hour increase of 66.7%.
The third is Sologenic. As of 16:00 today, its coin price is 0.72292 USD, showing a 24-hour increase of 61.5%.
In fourth place is Mobius. As of 16:00 today, its coin price is 0.0097830 USD, with a 24-hour rise of 52.7%.
In fifth place is Stellar. As of 16:00 today, its coin price is 0.43400 USD, increasing by 52% 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, 14 are up and 2 are down. Notably, PayFi, Meme, and Layer2 sectors are worth mentioning.
PayFi sector has risen 12.8% relative to the UTC 0 time, led by gains in XLM (53.2%), COTI (29.2%), and LTC (14.2%).
Meme sector has increased 9.28% relative to UTC 0, with TRUMP (34.7%), COQ (28.5%), and VINU (26.3%) leading the rise.
Layer2 sector has risen 5.73%, with POL (14.8%), NVIR (12.2%), and DYM (10.7%) leading the rise.

Let's go through the Crypto news worth paying attention today according to sosovalue:
The first is:

According to SoSoValue, as of November 22th (Eastern Time), Bitcoin spot ETFs experienced a total net inflow of $490.35M.

Yesterday, Grayscale's ETF GBTC had a net outflow of $67.05M, bringing GBTC's total historical net outflow to $20.33B.

Grayscale Bitcoin Mini Trust ETF $BTC had a net inflow of $ 5.72M，bringing Grayscale Bitcoin Mini Trust ETF $BTC's total historical net inflow to $696.84M.

The Bitcoin spot ETF with the highest net inflow for the day was BlackRock's ETF IBIT, with a daily net inflow of $513.20M, with IBIT's total historical net inflow reaching $31.33B.

Following that, Fidelity's ETF FBTC had a daily net inflow of $21.71M, with FBTC's total historical net inflow reaching $11.54B.

As of this writing, the total net asset value of Bitcoin spot ETFs stands at $107.49B, with the ETF net asset ratio (the market value relative to the total market value of Bitcoin) reaching 5.48%. The historical cumulative net inflow has reached $30.84B.

Source: https://sosovalue.com/assets/etf

Next news:Jaime Lizárraga, a commissioner of the U.S. Securities and Exchange Commission (SEC), announced plans to resign early next year, just one day after SEC Chairman Gary Gensler also announced his resignation in January. Lizárraga stated that his departure is to support his wife, who is battling breast cancer. This move will make Caroline Crenshaw the only Democratic leader at the SEC. During his time at the SEC, Lizárraga focused on protecting investors and promoting capital formation and had previously worked with Gensler at the U.S. Treasury after the 2008 financial crisis. Although he rarely spoke out on the crypto industry, he pointed out in November 2022 that the digital asset market lacks transparency.
Next news:U.S. presidential candidate Donald Trump has nominated Wall Street giant Scott Bessenet as Secretary of the Treasury. Bessenet is known for his pro-cryptocurrency stance.
Next news:On November 21, the total net outflow of Ethereum spot ETF was $9.0492 million. Grayscale ETF ETHE had a net outflow of $27.0753 million on a single day, and Fidelity ETF FETH had a net inflow of $16.79 million on a single day.
Next news:According to Decrypt, Coinbase has signed a sponsorship agreement with the NBA's Los Angeles Clippers, becoming the official partner of the Clippers. This collaboration marks the beginning of a multi-year partnership that will provide fans with exclusive experiences, limited edition merchandise, and unique digital and physical collectibles. The financial details of the partnership have not been disclosed. Coinbase will offer both new and existing users $5 worth of Bitcoin, along with seasonal benefits for creating a Coinbase account. The Coinbase brand will be prominently displayed on signage within the Intuit Dome, which is the Clippers' new home arena for the first time this year. Previously, Coinbase partnered with the NBA's Golden State Warriors, with its brand appearing in significant locations at the Chase Center and on the team's limited edition merchandise.
Next news:

According to Foresight News, on-chain detective ZachXBT posted in his personal Telegram channel that a wallet associated with crypto KOL JRNY was suspected to have been transferred and sold approximately $4 million worth of crypto assets, indicating that the wallet's private key may have been compromised.

According to Foresight News, on-chain detective ZachXBT posted in his personal Telegram channel that a wallet associated with crypto KOL JRNY was suspected to have been transferred and sold approximately $4 million worth of crypto assets, indicating that the wallet's private key may have been compromised.

Next news:

According to reports from @EmberCN, it has been observed that the ZKasino address began misappropriating "funds prepared for refunding to users" for on-chain leveraged long positions on $ETH 7 hours ago. They deposited 5,270 $ETH into Aave as collateral to borrow 11.59 million DAI, and subsequently increased their position by 3,500 ETH.

Next news:

According to a report from the U.S. Commodity Futures Trading Commission (CFTC) Global Markets Advisory Committee on November 21, the CFTC supports the use of blockchain technology for managing trading collateral in the U.S. derivatives market. The report highlights that blockchain technology, including distributed ledgers and tokenization, can address longstanding challenges faced by traditional derivatives exchanges while expanding the variety of assets available for collateralized trading. Trump may appoint a pro-crypto commissioner to lead the CFTC. Additionally, there will be leadership changes at the SEC, which has previously shown signs of accepting tokenized assets as trading collateral. (Cointelegraph)

Next news:Gary Gensler, the chairman of the U.S. Securities and Exchange Commission (SEC), announced that he will step down on January 20, 2025. This news has sparked hopes for a compromise in cryptocurrency cases and regulation. During Gensler's tenure, the SEC filed multiple lawsuits against major cryptocurrency companies, including Coinbase, accusing them of failing to register as required by law. With Gensler's departure, the SEC may adopt a different strategy to handle these cases, potentially including settlements or dismissals of lawsuits. Nevertheless, the lawsuits against Coinbase, Kraken, and Binance will continue. The new chairman may change the SEC's priorities, influencing the future direction of regulation.
Next news:

According to Foresight News and Money Today, a court in Seoul has declared the South Korean crypto lending platform Delio bankrupt. As part of the bankruptcy proceedings, Delio will be required to sell its assets and distribute the proceeds to its creditors. Creditors have been instructed to submit their claims by February 21, 2025. A creditor meeting for Delio is scheduled for March 19, during which the future operational direction of the company will be discussed and possibly decided.

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.