SoSo Daily Jan 22 | CEO of Saudi Prince's Investment Company: Cryptocurrency Lacks Payment Scenarios, No Investment Considered for Now

Let's turn our attention to today's overall Crypto market situation.
As of 5:59 PM on January 22, 2025, according to sosovalue, the total market cap of the crypto market stands at 3.76 trillion US dollars, witnessing a decrease of 1.28% compared to yesterday; the total trading volume is 186.42 billion US dollars, marking a decline of 35% from the previous day.

According to sosovalue, the price of $BTC is 104,360 USD, a decrease of 1.71% from yesterday. The market cap of $BTC is 2.07 trillion USD, accounting for 55% of the total market cap; $BTC's 24-hour trading volume is 60.70 billion USD, making up 32.6% of the total trading volume.
The price of $ETH is 3,286.1 USD, down 1.94% from yesterday; the market cap of $ETH is 395.98 billion USD, representing 10.5% of the total market cap; $ETH's 24-hour trading volume is 23.23 billion USD, comprising 12.5% of the total trading volume.
The combined market capitalization of $BTC and $ETH accounts for 65.5% of the total cryptocurrency market cap, and their combined trading volumes constitute 45.1% 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 Tornado Cash (TORN). As of 17:50 today, its market cap is 75.53M, with a coin price of 19.822 USD, witnessing a 24-hour increase of 149%.
The second is ORBIT (GRIFT). As of 17:50 today, its coin price is 0.18498 USD, with a 24-hour increase of 70.3%.
The third is MAX. As of 17:50 today, its coin price is 0.10676 USD, showing a 24-hour increase of 68.7%.
In fourth place is Hive AI (BUZZ). As of 17:50 today, its coin price is 0.17481 USD, with a 24-hour rise of 66%.
In fifth place is PIPPIN. As of 17:50 today, its coin price is 0.21215 USD, increasing by 64.3% over the last 24 hours.

Let's go through the Crypto news worth paying attention today according to sosovalue:
The first is:The CEO of Kingdom Holding, Alwaleed Bin Talal's investment company, Talal Ibrahim al-Maiman, stated that the company will not invest in cryptocurrencies in the near future, as cryptocurrencies have not yet been adopted as a payment method for goods and services. The company employs a value investment approach similar to that of Warren Buffett and currently manages approximately $13.60 billion in assets, with a portfolio that includes sectors such as finance, hospitality, healthcare, media, technology, and real estate. (Coindesk)
Next news:Bitcoin falls below 104,000 USDT
Next news:According to reports, Binance has announced that the 6th phase of the HODLer airdrop is now live with the project Animecoin (ANIME). Users who subscribe to the Simple Earn product with BNB from 2025-01-17 00:00 (UTC) to 2025-01-21 23:59 (UTC) will receive the airdrop. Binance will list ANIME on 2025-01-23 14:00 (UTC) and will open trading pairs for USDT, USDC, BNB, FDUSD, and TRY. A seed label will be applied to ANIME.
Next news:According to Wu Shuo, DLNews reports that U.S. President Trump has appointed Danielle Sassoon as the acting head of the U.S. Attorney's Office for the Southern District of New York, responsible for matters in Manhattan and surrounding areas. Sassoon was one of the lead prosecutors in the federal case against FTX founder SBF. Additionally, she was one of six prosecutors in the Department of Justice's case against Terra founder Do Kwon. Sassoon graduated from Harvard University and Yale Law School, and she previously served as a clerk for the late Supreme Court Justice Antonin Scalia. She will lead the Southern District Attorney's Office until the confirmation process for Trump's nominated official, Jay Clayton, is completed.
Next news:The central bank and four other departments have issued a notice to support mainland residents in legally purchasing qualified investment products sold by financial institutions in Hong Kong and Macau. This initiative aims to promote the interconnectivity between the mainland and Hong Kong-Macau financial markets and further expand financial openness. The notice states that relevant departments will enhance regulatory cooperation to ensure the legality and compliance of cross-border investment activities, and protect the legal rights and interests of investors.
Next news:

The Ethereum Layer 2 project SOON has raised $22 million in funding through an NFT sale to celebrate the launch of its mainnet and invest in blockchain infrastructure. This round of financing was led by Hack VC, with participation from ABCDE, Anagram, Hypersphere, SNZ Capital, ArkStream Capital, and others. The announcement stated that a significant portion of the new funding will be used to support the development of the SOON ecosystem and to develop its infrastructure. (Cointelegraph)

Next news:

According to Foresight News, Bitget has officially announced the launch of the U-based PLUME perpetual contract, with a maximum leverage of 20 times. Contract strategy trading will also be opened simultaneously.

According to Foresight News, Bitget has officially announced the launch of the U-based PLUME perpetual contract, with a maximum leverage of 20 times. Contract strategy trading will also be opened simultaneously.

Next news:According to reports from French media @LeFildInfo on X, Eric Larch, the founder of cryptocurrency wallet provider Ledger, may have been kidnapped, with the kidnappers demanding a ransom in Bitcoin. Currently, the French police and the National Gendarmerie Intervention Group (GIGN) are conducting an investigation.
Next news:

According to Bloomberg, Coinbase has submitted an interlocutory appeal to the U.S. Court of Appeals for the Second Circuit, requesting a ruling that cryptocurrency transactions on its platform do not qualify as securities transactions and are therefore not governed by the Securities Act of 1933, which is typically used to guide the issuance and trading of stocks and bonds. Coinbase emphasizes that crypto assets are different from stocks and should not be included in the SEC's traditional regulatory framework.

Next news:Jupiter is set to distribute $612 million worth of JUP tokens in an airdrop scheduled for Wednesday. The total number of tokens to be airdropped is 700 million. This event is part of Jupiter's strategy to increase token circulation and engage with its community.

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.