SoSo Daily Jan 26 | OKX will launch spot trading for VINE (Vine Coin).

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 MULTI. As of 11:50 today, its market cap is 45.83M, with a coin price of 2.3666 USD, witnessing a 24-hour increase of 349%.
The second is CLAY. As of 11:50 today, its coin price is 0.00019040 USD, with a 24-hour increase of 135%.
The third is TOSHI. As of 11:50 today, its coin price is 0.0013710 USD, showing a 24-hour increase of 108%.
In fourth place is ZKF. As of 11:50 today, its coin price is 0.00051810 USD, with a 24-hour rise of 102%.
In fifth place is SOSO. As of 11:50 today, its coin price is 1.0050 USD, decreasing by 1.28% 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 7.94% relative to the UTC 0 time, led by gains in OM (26%), PLUME (12.6%), and PRCL (11.5%).
NFT sector has increased 4.18% relative to UTC 0, with VEE (52.3%), AQT (30.1%), and PENGU (11.5%) leading the rise.
AI sector has risen 2.04%, with HAT (18.9%), TAO (15.2%), and VVAIFU (12.9%) leading the rise.

Let's go through the Crypto news worth paying attention today according to sosovalue:
The first is:

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: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 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:

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:

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:At the "Seminar on the Disposal of Virtual Currencies Involved in Cases" organized by the China Banking and Insurance Regulatory Commission, Liu Xiaoyu, the Chairman of the Management Committee of Zhongyin Law Firm, stated that China's current "prohibitive" regulatory framework is detrimental to competing in the global Web3.0 landscape and hampers the development of the digital economy. He suggested that existing regulatory policies should be appropriately adjusted on the basis of risk prevention. Experts at the conference explored the disposal of virtual currencies from multiple dimensions, covering concepts of virtual currencies, legal attributes, the current status of legislation abroad, and practices of disposal in various regions. However, there are currently issues in China regarding the disposal of virtual currencies, including imperfect legislation and a lack of interpretative space in the law, which pose significant legal risks and practical difficulties for the disposal of virtual currencies.

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.