SoSo Daily Jan 9 | The crypto data platform SoSoValue has completed a $15 million funding round, led by Hongshan.
Let's turn our attention to today's overall Crypto market situation.
As of 11:59 PM on January 8, 2025, according to sosovalue, the total market cap of the crypto market stands at 3.47 trillion US dollars, witnessing a decrease of 3.43% compared to yesterday; the total trading volume is 199.56 billion US dollars, marking an increase of 8.48% from the previous day.
According to sosovalue, the price of $BTC is 95,068 USD, a decrease of 1.95% from yesterday. The market cap of $BTC is 1.88 trillion USD, accounting for 54.2% of the total market cap; $BTC's 24-hour trading volume is 66.47 billion USD, making up 33.3% of the total trading volume.
The price of $ETH is 3,327.1 USD, down 1.6% from yesterday; the market cap of $ETH is 400.84 billion USD, representing 11.5% of the total market cap; $ETH's 24-hour trading volume is 35.34 billion USD, comprising 17.7% of the total trading volume.
The combined market capitalization of $BTC and $ETH accounts for 65.7% of the total cryptocurrency market cap, and their combined trading volumes constitute 51.0% 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 NexGami. As of 23:50 today, its market cap is 0E-8, with a coin price of 0.00044160 USD, witnessing a 24-hour increase of 145%.
The second is MAX. As of 23:50 today, its coin price is 0.18661 USD, with a 24-hour increase of 31.1%.
The third is KALM. As of 23:50 today, its coin price is 0.017720 USD, showing a 24-hour increase of 27.9%.
In fourth place is Alpha Quark. As of 23:50 today, its coin price is 1.5591 USD, with a 24-hour rise of 27.5%.
In fifth place is Eesee. As of 23:50 today, its coin price is 0.036730 USD, increasing by 24.8% 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, DePIN, and AI sectors are worth mentioning.
The Layer2 sector has fallen by 4.48% relative to the UTC 0 time, led by declines in AIX (-15.8%), SONIC (-15.3%), and cweb (-12.6%).
The DePIN sector has decreased by 4.85% relative to UTC 0, with ncdt (-10.3%), dimo (-10%), and akt (-9.45%) leading the drop.
The AI sector has fallen by 5.48%, with swarms (-33.7%), ALCH (-19.8%), and cookie (-18.3%) leading the decline.
Let's go through the Crypto news worth paying attention today according to sosovalue:
The first is:
According to Deep Tide TechFlow, on January 8, Fortune reported that the crypto data platform SoSoValue announced the completion of a $15 million financing round, led by Hongshan and SmallSpark, with participation from Mirana Ventures and Safepal, achieving a valuation of $200 million. After this round of financing, the company's total financing amount has approached $20 million.
SoSoValue was founded in 2023 by Jessie Lo, May Wang, and Jivvva Kwan. The platform provides data services such as real-time cryptocurrency prices, AI news aggregation, and ETF fund flows. The company plans to utilize the new funding to launch the SoSoValue Indices Protocol, which will automatically purchase digital assets and package them into tokens through smart contracts.
Next news:
According to Wu, the ADP employment number in the U.S. for December is 122 thousand, with expectations of 140 thousand and a previous value of 146 thousand.
Next news:1. $BTC has fallen below $95,000, trading at $94,979.20 on the OKX market as of January 8.
2. The cryptocurrency experienced a 3.04% decrease in value on the same day.
Next news:
Ethereum Layer 2 blockchain development team Movement Labs has announced that it is about to complete a $100 million Series B funding round, with a valuation of $3 billion. This round of financing is co-led by CoinFund and Nova Fund under Brevan Howard, and is expected to close by the end of January. Investors will receive a combination of equity and Move tokens, with the latter being the primary component. Previously, Movement Labs completed a $38 million Series A funding round led by Polychain Capital in April 2024. (Fortune)
Next news:Ethereum falls below 3300 USDT
Next news:Pyth Network has announced a partnership with Revolut to enhance data sharing in the decentralized finance (DeFi) sector. This collaboration aims to leverage Pyth Network's expertise in providing high-fidelity financial data to improve Revolut's offerings in the DeFi space. The partnership is expected to facilitate better access to real-time market data, benefiting users by providing more accurate and timely information for financial decision-making.
Next news:
Odaily Planet Daily reports that Coinglass data shows that in the past 4 hours, the total liquidation across the network reached $86.37 million, with long positions liquidated at $80.46 million and short positions liquidated at $5.91 million.
Next news:
According to Foresight News, Sonic SVM has announced a joint launch with Galaxy Interactive of the G.A.M.E. (Game, AI, Meme, Ecosystem) Fund No. 1, aimed at promoting the development of Web3 games, AI Agents, and TikTok Web3 applications within the Sonic SVM ecosystem. The specific scale of the fund has not been disclosed. The fund will provide: token or equity investments ranging from 200 thousand to 1 million dollars; technical support and infrastructure resources; integration with Sonic's TikTok Applayer.
According to Foresight News, Sonic SVM has announced a joint launch with Galaxy Interactive of the G.A.M.E. (Game, AI, Meme, Ecosystem) Fund No. 1, aimed at promoting the development of Web3 games, AI Agents, and TikTok Web3 applications within the Sonic SVM ecosystem. The specific scale of the fund has not been disclosed. The fund will provide: token or equity investments ranging from 200 thousand to 1 million dollars; technical support and infrastructure resources; integration with Sonic's TikTok Applayer.
Next news:Bitcoin has fallen below 93,000 USDT.
Next news:Do Kwon, cofounder of Terra, is set to face a criminal trial in 2026. The trial is delayed due to the extensive amount of evidence that lawyers need to review. This case is significant in the cryptocurrency world, as Terra was a major player before its collapse.
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.