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 98,430 USD, a decrease of 0.445% from yesterday. The market cap of $BTC is 1.95 trillion USD, accounting for 55.7% of the total market cap; $BTC's 24-hour trading volume is 69.17 billion USD, making up 23.7% of the total trading volume.
The price of $ETH is 3,354.5 USD, up 0.292% from yesterday; the market cap of $ETH is 403.98 billion USD, representing 11.5% of the total market cap; $ETH's 24-hour trading volume is 37.75 billion USD, comprising 12.9% of the total trading volume.
The combined market capitalization of $BTC and $ETH accounts for 67.2% of the total cryptocurrency market cap, and their combined trading volumes constitute 36.6% 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 MEMEFI. As of 11:50 today, its market cap is , with a coin price of 0.0064290 USD, witnessing a 24-hour increase of 114%.
The second is Pencils Protocol. As of 11:50 today, its coin price is 0.20330 USD, with a 24-hour increase of 74.5%.
The third is Share. As of 11:50 today, its coin price is 0.0037990 USD, showing a 24-hour increase of 64.8%.
In fourth place is Blocto. As of 11:50 today, its coin price is 0.0056900 USD, with a 24-hour rise of 47.4%.
In fifth place is Stellar. As of 11:50 today, its coin price is 0.44110 USD, increasing by 47.1% 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, 15 are up and 1 is down. Notably, Meme, PayFi, and Others sectors are worth mentioning.
Meme sector has risen 11.1% relative to the UTC 0 time, led by gains in trump (34.7%), sfm (25%), and wojak (21.7%).
PayFi sector has increased 9.19% relative to UTC 0, with xlm (47.9%), coti (35.5%), and cirus (12.7%) leading the rise.
Others sector has risen 8.43%, with shr (51.9%), blt (47.4%), and vtho1 (42.3%) 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: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 Cryptoslate, asset management company VanEck has released its latest report, reaffirming the target price for Bitcoin in this cycle at 180 thousand USD, stating that the current market is still in the early stages of a bull market. The report notes that Bitcoin recently broke through the 100 thousand USD mark, with key indicators such as funding rates, relative unrealized profit (RUP), and retail interest all showing strong upward trends. Since November 12, the funding rate has remained above 10%, and the 30-day average of the RUP indicator is 0.54, still below the market peak threshold of 0.70. Additionally, the Google search interest for "cryptocurrency" is only 34% of the high point in May 2021, while Coinbase's ranking in the app store has risen from 412 to 9, indicating a resurgence of retail interest but not yet overheated.
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: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: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:

According to Wu, 19 tokens including BNB, DYDX, AR, COW, DOGS, FWOG, GOAT, LQTY, MOODENG, and PNUT have been listed in the coin listing roadmap by Kraken. Kraken stated that the inclusion of a token in this roadmap does not guarantee that it will be listed. Fund transfers and trading for these tokens are not supported until they are officially announced for listing on the Kraken Pro X account.

Next news:Michael Gilroy, former fintech head at Coatue Management, is co-founding a new venture capital firm with Gokul Rajaram, a tech investor and Coinbase board member. They aim to raise up to $500 million for their first fund, focusing on early-stage fintech and software firms in the U.S. Fundraising discussions with anchor investors are ongoing, but formal fundraising will start in 2025. The new firm is yet to be named. Gilroy has extensive experience at Coatue, which has a diverse tech portfolio, including a recent $150 million investment in bitcoin miner Hut 8.

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.