SoSo Daily Jan 26 | Paradigm Calls for Accelerated Ethereum Development with More Frequent Major Upgrades

According to sosovalue, the price of $BTC is 105,100 USD, an increase of 0.623% from yesterday. The market cap of $BTC is 2.08 trillion USD, accounting for 55.4% of the total market cap; $BTC's 24-hour trading volume is 18.81 billion USD, making up 20.4% of the total trading volume.
The price of $ETH is 3,342.3 USD, up 1.34% from yesterday; the market cap of $ETH is 402.77 billion USD, representing 10.7% of the total market cap; $ETH's 24-hour trading volume is 11.01 billion USD, comprising 11.9% of the total trading volume.
The combined market capitalization of $BTC and $ETH accounts for 66.1% of the total cryptocurrency market cap, and their combined trading volumes constitute 32.3% 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 Multichain. As of 16:00 today, its market cap is 27.53M, with a coin price of 1.4220 USD, witnessing a 24-hour increase of 166%.
The second is Toshi. As of 16:00 today, its coin price is 0.0012758 USD, with a 24-hour increase of 71.4%.
The third is NexGami. As of 16:00 today, its coin price is 0.00022780 USD, showing a 24-hour increase of 65.8%.
In fourth place is Onyxcoin. As of 16:00 today, its coin price is 0.038570 USD, with a 24-hour rise of 63.8%.
In fifth place is SoSoValue. As of 16:00 today, its coin price is 1.0112 USD, increasing by 41.5% 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, NFT, and AI sectors are worth mentioning.
RWA sector has risen 12.1% relative to the UTC 0 time, led by gains in OM (38.3%), PLUME (27.2%), and PRCL (11.5%).
NFT sector has increased 2.94% relative to UTC 0, with VEE (33.7%), AQT (31.1%), and PSL (12.1%) leading the rise.
AI sector has risen 2.75%, with SOSO (40.5%), HAT (22.1%), and SEKOIA (21.6%) leading the rise.

Let's go through the Crypto news worth paying attention today according to sosovalue:
The first is:Paradigm calls for accelerating Ethereum development: 'Ethereum can do more' https://t.co/RAEO9nMXPm
Next news:

According to The Street, Eric Trump, the second son of Donald Trump, has confirmed that U.S.-based cryptocurrency projects such as XRP and HBAR will soon enjoy a zero capital gains tax, while non-U.S. projects will face a 30% capital gains tax. Additionally, Senator Ted Cruz plans to overturn a controversial IRS regulation through the Congressional Review Act, which requires DeFi brokers to submit user data and income reports (Form 1099). Cruz criticized the rule for stifling innovation, invading privacy, and complicating tax reporting.

Next news:

According to Wu, Haseeb Qureshi, managing partner at Dragonfly, stated that in 2025, the U.S. Government Accountability Office (GAO) might launch a public spending reporting system based on the AVAX chain, achieving on-chain transparency management through stablecoins. He mentioned that the wallet addresses of government agencies and contractors will be made public and analyzed daily by the public.

Next news:

According to reports from @EmberCN, a whale who previously made a profit of $39.15 million on several MEME coins including PNUT, TRUMP, and MELANIA purchased 66,855 TRUMP for $2 million USDC 4 hours ago, at an average price of $29.9. This address has previously realized a profit of $24.38 million from TRUMP trades.

Next news:

According to Wu, OKX will launch VINE (Vine Coin) spot trading. The trading opening time is January 26, 2025, at 6:00 PM (UTC+8). VINE is a Memecoin released by the co-founder of the short video platform Vine.

Next news:According to Wu, Coinbase CEO Brian Armstrong tweeted that with approximately 1 million new tokens being created every week, the traditional method of reviewing listings one by one is no longer sustainable. He proposed shifting from a "whitelist" model to a "blacklist" model, helping users filter quality tokens through user evaluations and automatic scanning of on-chain data. Additionally, he emphasized that the integration between decentralized exchanges (DEX) and centralized exchanges (CEX) will continue to deepen, so that in the future, users will not need to worry about which platform the transactions occur on, thereby enhancing the overall trading experience.
Next news:

The cryptocurrency trading activity in Indonesia grew by 335.9% in 2024, reaching 650.61 trillion Indonesian Rupiah (40.20 billion USD). The Commodity Futures Trading Regulatory Agency (Bappebti) attributed this growth to an increase in the number of users and the volume of trades. As of November 2024, the number of registered cryptocurrency users has grown to 22.10 million. Bappebti head Tirta Karma Senjaya noted that public confidence in cryptocurrency trading has increased, expressing optimism that the user base will exceed 25 million in the near future. The most actively traded cryptocurrencies in Indonesia include USDT, $BTC, DOGE, PEPE, and XRP. (Bitcoin.com)

Next news:

According to reports from @EmberCN, a large holder of PEPE with the address marketparticipant.eth has transferred 32.548 billion PEPE to Binance, valued at approximately 4.90 million USD. This address has traded PEPE multiple times over the past 10 months, accumulating profits of around 1 million USD.

Next news:

According to Wu, Coinbase's Chief Legal Officer Paul Grewal has rebutted claims that the exchange "hates Solana." He pointed out that Coinbase has spent millions of dollars defending SOL against a lawsuit from the U.S. SEC, which falsely accuses SOL of being a security. My team and I wake up every day thinking about how to defeat this shameless attack. We will not stop because we believe in SOL. If you think this is hate, feel free to call me a hater.

Next news:

The P2P market Noones confirmed that it experienced a significant security breach earlier this month, resulting in a loss of approximately 8 million USD in crypto assets. NoOnes CEO Ray Youssef confirmed on the Telegram channel that the hacking incident occurred on January 1, due to a vulnerability in its Solana cross-chain bridge. The platform has currently shut down the affected Solana cross-chain bridge and stated that it will not restore Solana support until a comprehensive penetration test is completed. (Crowdfundinsider)

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.