SoSo Daily Jan 24 | BTC spot ETF total net inflow was $188.65M yesterday, marking a 6 days of consistent inflow.
Let's turn our attention to today's overall Crypto market situation.
As of 11:59 AM on January 24, 2025, according to sosovalue, the total market cap of the crypto market stands at 3.79 trillion US dollars, witnessing an increase of 2.5% compared to yesterday; the total trading volume is 257.18 billion US dollars, marking a significant rise of 48.6% from the previous day.
According to sosovalue, the price of $BTC is 105,430 USD, an increase of 3.42% from yesterday. The market cap of $BTC is 2.09 trillion USD, accounting for 55.1% of the total market cap; $BTC's 24-hour trading volume is 97.56 billion USD, making up 37.9% of the total trading volume.
The price of $ETH is 3,399.3 USD, up 5.8% from yesterday; the market cap of $ETH is 409.63 billion USD, representing 10.8% of the total market cap; $ETH's 24-hour trading volume is 37.70 billion USD, comprising 14.7% of the total trading volume.
The combined market capitalization of $BTC and $ETH accounts for 65.9% of the total cryptocurrency market cap, and their combined trading volumes constitute 52.6% 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 Sky. As of 11:50 today, its market cap is 0E-8, with a coin price of 0.055050 USD, witnessing a 24-hour increase of 1000%.
The second is SoSoValue. As of 11:50 today, its coin price is 0.89190 USD, with a 24-hour increase of 792%.
The third is Meson Network. As of 11:50 today, its coin price is 0.23120 USD, showing a 24-hour increase of 184%.
In fourth place is Onyxcoin. As of 11:50 today, its coin price is 0.026360 USD, with a 24-hour rise of 122%.
In fifth place is InsurAce. As of 11:50 today, its coin price is 0.020010 USD, increasing by 77.2% 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, 16 are up and 0 are down. Notably, RWA, DeFi, and $ETH sectors are worth mentioning.
RWA sector has risen 8.15% relative to the UTC 0 time, led by gains in gfi (30.3%), smt (24.2%), and ondo (17.6%).
DeFi sector has increased 6.5% relative to UTC 0, with SKY (1010%), SOSO (789%), and xcn (108%) leading the rise.
$ETH sector has risen 5.78%, with $eth (5.78%) 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 January 23th (Eastern Time), Bitcoin spot ETFs experienced a total net inflow of $188.65M.
Yesterday, Grayscale's ETF GBTC had a net outflow of $49.94M, bringing GBTC's total historical net outflow to $21.75B.
Grayscale Bitcoin Mini Trust ETF $BTC had a net inflow of $ 11.90M，bringing Grayscale Bitcoin Mini Trust ETF $BTC's total historical net inflow to $1.11B.
The Bitcoin spot ETF with the highest net inflow for the day was BlackRock's ETF IBIT, with a daily net inflow of $154.64M, with IBIT's total historical net inflow reaching $39.57B.
Following that, Bitwise's ETF BITB had a daily net inflow of $42.15M, with BITB's total historical net inflow reaching $2.43B.
As of this writing, the total net asset value of Bitcoin spot ETFs stands at $121.60B, with the ETF net asset ratio (the market value relative to the total market value of Bitcoin) reaching 5.94%. The historical cumulative net inflow has reached $39.42B.
Source: https://sosovalue.com/assets/etf
Next news:
According to reports, Ethereum founder Vitalik Buterin published a blog post discussing Ethereum's Layer 1 (L1) and Layer 2 (L2) scaling strategies for 2025 and beyond. Vitalik pointed out that L2 protocols are the core pathway for Ethereum's expansion, with their technology and social collaboration pushing Ethereum closer to "escape velocity"—the point at which sufficient network effects and value accumulation drive its continuous growth. At the same time, Vitalik highlighted two major challenges currently faced: the scale of scaling and the issue of heterogeneity (including standards, interoperability, proof system security, user experience, and economic models). He proposed targeted solutions, including increasing data block capacity, optimizing L2 proof system security, accelerating the advancement of interoperability standards, and reinforcing $ETH's core position in the Ethereum economy.
Next news:Former President Donald Trump has issued an executive order aimed at establishing a regulatory framework for digital assets in the United States. This move is intended to provide clarity and guidance for the cryptocurrency industry, ensuring that the U.S. remains competitive in the global digital economy. The order outlines the need for collaboration between various government agencies to address the challenges and opportunities presented by digital assets.
Next news:
According to official announcements, Binance Futures will launch USD-margined perpetual contracts for VINEUSDT and PIPPINUSDT, with a maximum leverage of up to 25 times. The specific opening times are as follows: the VINEUSDT perpetual contract will be launched on January 24, 2025, at 18:00 (Beijing Time), and the PIPPINUSDT perpetual contract will be launched at 18:15 (Beijing Time). Vine Coin and Pippin have been listed on the Binance Alpha Market.
Next news:According to official announcements, Bithumb has added AERO and SOLV KRW trading pairs.
Next news:
Odaily Planet Daily News: According to monitoring by Lookonchain, Circle has recently minted 250 million USDC on Solana 10 minutes ago. Over the past week, Circle has minted 3.50 billion USDC on Solana.
Next news:
According to multiple blockchain security experts, North Korean hackers may be behind the Phemex exchange theft incident. Phemex was attacked on January 23, resulting in losses exceeding 70 million USD in cryptocurrency. This attack appears to follow a similar pattern to vulnerabilities exploited in other well-known crypto exchanges. Taylor Monahan, Chief Security Researcher at MetaMask, stated that the attackers extracted large amounts of assets simultaneously from multiple chains, prioritizing the exchange of freezeable stablecoins (such as USDC and USDT), and then liquidated other tokens in order of their value. These operations were not scripted but performed manually, with assets being sent to new addresses for exchange manually, and once completed, they would be transferred to another new address. These assets would then remain stored until a real money laundering team retrieves them next week or next month. Currently, Phemex holds approximately 1.80 billion USD in crypto assets, most of which are its exchange token PT, totaling 1.10 billion USD. (The Block)
Next news:
SoSoValue has announced that the SOSO token first quarter airdrop is now open for claims, with the airdrop claim period lasting 4 months. The number of eligible users for the first quarter is 200 thousand, and the distribution amount of SOSO tokens is 1.5%. Based on the latest financing valuation, this season's airdrop is valued at over 15 million USD. The maximum airdrop amount per user is approximately 120,000 USD worth of SOSO, and users can claim it before February 25, 2025.
Next news:According to Wu, on-chain detective ZachXBT reported that the P2P market Noones was allegedly attacked on January 1-2, 2025, on Ethereum, Tron, Solana, and BSC, resulting in a loss of approximately 7.90 million USD. Noones' hot wallet experienced hundreds of suspicious outgoing transactions, each amounting to less than 7,000 USD. The platform subsequently announced maintenance but did not provide an official statement regarding the security incident. The stolen funds were bridged to Ethereum and BSC and then deposited into Tornado Cash to obscure the flow of funds.
Next news:
The Bank of Japan raised interest rates by 25 basis points as expected, increasing the target rate from 0.25% to 0.50%. This is the largest rate hike since 2007, with the interest rate reaching its highest level since October 2008. Since resuming interest rate hikes in March last year, the Bank of Japan has raised rates three times in less than 12 months.
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.