SoSo Daily Jan 25 | SoSoValue Launches Index Token Staking Mining Activity
Crypto Market Overview
Let's turn our attention to today's overall Crypto market situation.
As of 5:59 PM on January 25, 2025, according to sosovalue, the total market cap of the crypto market stands at 3.74 trillion US dollars, witnessing a decrease of 2.93% compared to yesterday; the total trading volume is 115.16 billion US dollars, marking a decline of 44.7% from the previous day.
According to sosovalue, the price of $BTC is 104,770 USD, a decrease of 1.66% from yesterday. The market cap of $BTC is 2.08 trillion USD, accounting for 55.5% of the total market cap; $BTC's 24-hour trading volume is 30.50 billion USD, making up 26.5% of the total trading volume.
The price of $ETH is 3,341.8 USD, down 1.79% from yesterday; the market cap of $ETH is 402.70 billion USD, representing 10.8% of the total market cap; $ETH's 24-hour trading volume is 16.75 billion USD, comprising 14.5% of the total trading volume.
The combined market capitalization of $BTC and $ETH accounts for 66.3% of the total cryptocurrency market cap, and their combined trading volumes constitute 41.0% 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 17:50 Hong Kong time, according to sosovalue, the top five gainers are:
Top 1 gainer is NexGami. As of 17:50 today, its market cap is 0E-8, with a coin price of 0.00023730 USD, witnessing a 24-hour increase of 120%.
The second is Adappter. As of 17:50 today, its coin price is 0.0047270 USD, with a 24-hour increase of 111%.
The third is Toshi. As of 17:50 today, its coin price is 0.00095112 USD, showing a 24-hour increase of 84.5%.
In fourth place is SoSoValue. As of 17:50 today, its coin price is 1.0917 USD, with a 24-hour rise of 67.4%.
In fifth place is Celsius Network. As of 17:50 today, its coin price is 0.22630 USD, increasing by 60.3% over the last 24 hours.
Crypto Market Sector Performance
Moving on, let's take a look at the sector performance in the crypto market.
According to sosovalue, all 16 sectors are down today. Notably, the Meme, NFT, and RWA sectors are worth mentioning.
Meme Sector
The Meme sector has fallen by 3.18% relative to the UTC 0 time, led by declines in silly (-24.6%), moodeng (-17.4%), and shoggoth (-17.2%).
NFT Sector
The NFT sector has decreased by 4.45% relative to UTC 0, with orb (-16.4%), coval (-10.8%), and ANIME (-9.3%) leading the drop.
RWA Sector
The RWA sector has fallen by 4.47%, with gfi (-10.3%), cpool (-9.79%), and om (-9.7%) leading the decline.
Let's go through the Crypto news worth paying attention today according to sosovalue:
The first is:
AI-driven asset management and investment research platform SoSoValue launched its exclusive "index token staking mining" event on its official website at 8 PM Beijing time on January 25. As a result of this news, the platform's token $SOSO surged by 64.89% in just one hour, with a fully diluted valuation (FDV) exceeding 1.60 billion USD.
Next news:
According to Foresight News, SoSoValue announced a donation of MAG7 index tokens worth 4.70 million USD to the 47 trillion foundation (composed of seven assets including $BTC, $ETH, SOL, etc.). According to the announcement, the first batch of tokens worth 1 million USD will be available for claiming on January 29, 2025. Eligible holders of $ETH, AAVE, LINK, ONDO, and ENA (with a snapshot date of January 20) can visit the official SoSoValue website to claim their tokens.
Next news:Wu learned that the on-chain DEX aggregator Jupiter on the Solana blockchain announced on X that it has acquired a majority stake in the cryptocurrency trading platform Moonshot. Jupiter's founder meow stated that the Moonshot team is smart and energetic, and exploring the future of Memes together is very interesting.
Next news:Wu learned that the Solana-based aggregated DEX Jupiter announced the launch of the all-chain network Jupnet, which includes three main systems: a decentralized oracle network DOVE for verification and execution, an Omnichain ledger network capable of hosting an all-chain ledger, and Aggregated Decentralized Identity (ADI). Additionally, the Doves validators of Jupnet have expanded the Solana codebase, adding new data structures, BLS signature mechanisms, and all-chain consensus logic to operate within an all-chain environment.
Next news:
According to Wu Shuo, as reported by SolanaFloor, the operating system framework elizaOS developed by ai16zdao has announced a partnership with Jupiter to launch a $10 million MAGIC FUND to provide financial support for OS AI developers.
Next news:
According to Wu, the official website of the Department of Government Efficiency (D.O.G.E.) shows that the logo featuring the Shiba Inu element has reportedly been removed. Previously, the Department of Government Efficiency replaced the logo containing the Shiba Inu element with the new logo of Dogecoin.
Next news:
According to Foresight News, JuCoin has released an adjustment statement regarding the first phase of the Launchpad project JU IEO: all issued platform tokens JU will be given away for free; the JU trading pair will officially open at 21:00, with an opening price of 1 JU = 0.1 USDT; all invested funds will be refunded through the original route. JuCoin stated that this adjustment was made after discovering that a large number of off-site individuals were purchasing platform tokens at low prices.
According to Foresight News, JuCoin has released an adjustment statement regarding the first phase of the Launchpad project JU IEO: all issued platform tokens JU will be given away for free; the JU trading pair will officially open at 21:00, with an opening price of 1 JU = 0.1 USDT; all invested funds will be refunded through the original route. JuCoin stated that this adjustment was made after discovering that a large number of off-site individuals were purchasing platform tokens at low prices.
Next news:Virtuals Protocol will expand to Solana, and 1% of transaction fees will be converted to SOL.
Next news:
According to Wu, the Secretariat of the Legislative Council of Hong Kong recently released a "Special Bulletin," summarizing the latest developments and policy measures in financial services. The bulletin points out that Hong Kong continues to make progress in areas such as asset management, capital market connectivity, green finance, and financial technology. Among the topics mentioned, the "Stablecoin Bill" is currently under review, aiming to introduce a licensing system for stablecoin issuers, providing a specific regulatory framework for the virtual asset industry. In addition, the Internal Affairs Committee of the Legislative Council has established a subcommittee to examine the application and development of Web3 and virtual asset technologies in Hong Kong, and to propose recommendations for the implementation of relevant laws and policies.
Next news:Elon Musk is exploring the use of blockchain technology to enhance the efficiency of the U.S. government.
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.