SoSo Daily Dec 22 | DekaBank of Germany has been granted a cryptocurrency custody license by BaFin and the European Central Bank.

According to sosovalue, the price of $BTC is 95,612 USD, a decrease of 2.1% from yesterday. The market cap of $BTC is 1.89 trillion USD, accounting for 54.9% of the total market cap; $BTC's 24-hour trading volume is 42.14 billion USD, making up 24.7% of the total trading volume.
The price of $ETH is 3,315.5 USD, down 2.04% from yesterday; the market cap of $ETH is 399.37 billion USD, representing 11.6% of the total market cap; $ETH's 24-hour trading volume is 25.42 billion USD, comprising 14.9% of the total trading volume.
The combined market capitalization of $BTC and $ETH accounts for 66.5% of the total cryptocurrency market cap, and their combined trading volumes constitute 39.6% 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 17:50, according to sosovalue, the top five gainers are:
Top 1 gainer is Shoggoth. As of 17:50 today, its market cap is 58.60M, with a coin price of 0.058600 USD, witnessing a 24-hour increase of 138%.
The second is TIME. As of 17:50 today, its coin price is 0.0000021520 USD, with a 24-hour increase of 121%.
The third is Strips Finance. As of 17:50 today, its coin price is 1.1833 USD, showing a 24-hour increase of 109%.
In fourth place is Omega Network. As of 17:50 today, its coin price is 0.0013400 USD, with a 24-hour rise of 61.3%.
In fifth place is LUCE. As of 17:50 today, its coin price is 0.088100 USD, increasing by 53% 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, GameFi, AI, and NFT sectors are worth mentioning.
GameFi sector has fallen -3.11% relative to the UTC 0 time, led by declines in rbls (-18.9%), AVACN (-15.9%), and ELIX (-14.2%).
AI sector has decreased -3.74% relative to UTC 0, with SEKOIA (-30%), arc (-21.5%), and fartcoin (-18.5%) leading the drop.
NFT sector has fallen -6.06%, with sn (-43.7%), talk (-22.1%), and PENGU (-16.4%) leading the decline.

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

According to Foresight News, Germany's DekaBank has obtained a cryptocurrency custody license issued by the country's regulatory body, BaFin, and the European Central Bank (ECB). Commerzbank was the first German bank to receive such a license last year, while other major banks have yet to obtain one. BaFin has issued an additional 11 cryptocurrency custody licenses, primarily aimed at cryptocurrency companies.

Next news:

According to Wu, Binance founder Changpeng Zhao tweeted that the United Arab Emirates (UAE) holds $40 billion worth of Bitcoin. However, the source of this information comes from some unknown niche websites, and there has been no official confirmation yet.

Next news:

Odaily Planet Daily reported that Coinglass data shows that in the past 24 hours, the total liquidation across the network was $278 million, of which $190 million were long position liquidations and $88.16 million were short position liquidations.

Next news:The price of $BTC has fallen below $97,000, down 0.56% for the day. According to a report by PANews on December 22, OKX market data shows that $BTC has just dropped below $97,000, with the current trading price at $96,976.00, down 0.56% for the day.
Next news:

Odaily Planet Daily News According to monitoring by Whale Alert, USDC Treasury issued an additional 50,000,000 USDC on the Ethereum blockchain at 18:02 Beijing time.

Next news:

Odaily Planet Daily reported that according to Coinglass data, the total Bitcoin contract open interest has fallen below $60 billion, currently reported at $59.97 billion, with a 24-hour decline of 4.02%. Since Trump's election victory on November 5, Bitcoin futures open interest has surged significantly, rising from $39 billion on November 5 to a record high of $68.10 billion on December 18, indicating increased trading activity and market speculation. Today, the contract open interest has dropped below $60 billion, down 11.89% from its peak.

Next news:According to The Washington Post, since October, the American conservative think tank National Center for Public Policy Research (NCPPR) has submitted shareholder proposals urging Microsoft and Amazon to consider investing in Bitcoin, believing that this would protect these companies and their investors from inflation. The organization stated that more Bitcoin proposals are in the works, and it believes that promoting the adoption of Bitcoin aligns with its agenda of "supporting freedom," as cryptocurrencies are fundamentally less controlled by the government. Microsoft shareholders have already voted against the Bitcoin investment proposal, while it remains uncertain whether Amazon will adopt this strategy.
Next news:

According to Foresight News, Asher Genoot, the CEO of the Nasdaq-listed Bitcoin mining company Hut 8, explained in a post why the company has chosen to establish a strategic Bitcoin reserve. He stated, "Fundamentals-first operational strategy + proactive capital management = exceptional value creation potential." A screenshot shared by Asher Genoot shows that Hut 8's strategic Bitcoin reserve supports a flywheel effect, combining capital and operational strategies to accelerate the overall value creation of the business. Its capital strategy includes: allocating capital to projects with high ROIC, capturing $BTC price increases and strengthening the balance sheet, increasing strategic $BTC reserves through low-cost production and strategic market purchases, and focusing on providing exceptional long-term returns to shareholders; its operational strategy includes: scaling operations and geographic reach, developing digital infrastructure platforms, expanding $BTC mining scale, and reducing $BTC mining costs.

Next news:

Odaily Planet Daily News OKX market shows that $ETH has rebounded above 3400 USDT, currently priced at 3400.2 USDT, with a 24H increase narrowing to 2.13%. (This news article was generated with AI assistance)

Next news:

According to Foresight News and reported by Barrons, MicroStrategy Chairman Michael Saylor recently did not explicitly state whether the company would be included in the S&P 500. However, he mentioned that, given the optimistic outlook on Bitcoin, MicroStrategy could report billions of dollars in quarterly net income next year due to the increase in the value of its Bitcoin holdings. The accounting rule changes set to take effect in 2025 may allow MicroStrategy to meet the profitability requirements for inclusion in the S&P 500.

According to Foresight News and reported by Barrons, MicroStrategy Chairman Michael Saylor recently did not explicitly state whether the company would be included in the S&P 500. However, he mentioned that, given the optimistic outlook on Bitcoin, MicroStrategy could report billions of dollars in quarterly net income next year due to the increase in the value of its Bitcoin holdings. The accounting rule changes set to take effect in 2025 may allow MicroStrategy to meet the profitability requirements for inclusion in the S&P 500.

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.