SoSo Daily Apr 18 | A certain whale, after being silent for 2.8 years, has purchased 3,659.83 ETH.
Let's turn our attention to today's overall Crypto market situation.
As of 6:01 AM on April 18, 2025, according to sosovalue, the total market cap of the crypto market stands at 2.75 trillion US dollars, witnessing a decrease of 1.3% compared to yesterday; the total trading volume is 68.07 billion US dollars, marking a decline of 19.3% from the previous day.
Cryptocurrency Market Update
According to sosovalue, the price of $BTC is 84,728 USD, an increase of 0.399% from yesterday. The market cap of $BTC is 1.68 trillion USD, accounting for 61.1% of the total market cap; $BTC's 24-hour trading volume is 18.63 billion USD, making up 27.4% of the total trading volume.
The price of $ETH is 1,581.2 USD, down 1.12% from yesterday; the market cap of $ETH is 190.85 billion USD, representing 6.93% of the total market cap; $ETH's 24-hour trading volume is 10.03 billion USD, comprising 14.7% of the total trading volume.
The combined market capitalization of $BTC and $ETH accounts for 68.03% of the total cryptocurrency market cap, and their combined trading volumes constitute 42.1% 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 12:00 Hong Kong time, according to sosovalue, the top five gainers are:
Top 1 gainer is Lybra Finance (LBR). As of 06:00 today, its market cap is 7.58M, with a coin price of 0.090363 USD, witnessing a 24-hour increase of 547%.
The second is Keep Network (KEEP). As of 06:00 today, its coin price is 0.10851 USD, with a 24-hour increase of 67.6%.
The third is Threshold Network (T). As of 06:00 today, its coin price is 0.024300 USD, showing a 24-hour increase of 63.5%.
In fourth place is COMBO. As of 06:00 today, its coin price is 0.042900 USD, with a 24-hour rise of 46.8%.
In fifth place is Masa (MASA). As of 06:00 today, its coin price is 0.019140 USD, increasing by 45% over the last 24 hours.
Sector Performance in the Crypto Market
According to sosovalue, out of 16 sectors, 11 are up and 5 are down. Notably, the AI, GameFi, and DePIN sectors are worth mentioning.
AI Sector
The AI sector has risen by 2.97% relative to the UTC 0 time, led by gains in MASA (48.3%), comai (19.5%), and degenai (14.5%).
GameFi Sector
The GameFi sector has increased by 2.75% relative to UTC 0, with combo (47.8%), OL (30%), and GM (25.6%) leading the rise.
DePIN Sector
The DePIN sector has risen by 2.31%, with zcn (28.9%), ankr (10.7%), and oxt (10.7%) leading the rise.
Let's go through the Crypto news worth paying attention today according to sosovalue:
The first is:
According to Wu, as monitored by Onchain Lens, a certain whale spent approximately 5.88 million DAI to purchase 3,659.83 $ETH after being inactive for 2.8 years. At the same time, this whale also transferred 1,000 $ETH (approximately 1.61 million USD) through Tornado Cash.
Next news:
According to Foresight News, monitored by Lookonchain, a whale that previously lost approximately 700 thousand USD on Fartcoin has spent 14,725 SOL (approximately 1.98 million USD) to purchase 2.22 million Fartcoin at a price of 0.89 USD per coin, currently showing an unrealized loss of about 297 thousand USD.
According to Foresight News, monitored by Lookonchain, a whale that previously lost approximately 700 thousand USD on Fartcoin has spent 14,725 SOL (approximately 1.98 million USD) to purchase 2.22 million Fartcoin at a price of 0.89 USD per coin, currently showing an unrealized loss of about 297 thousand USD.
Next news:
According to Wu's report, the official announcement states that the 10th Binance Wallet exclusive Token Generation Event (TGE) will take place on April 18 from 09:00 to 11:00 (UTC), featuring the Lorenzo Protocol, with PancakeSwap as the trading platform. According to the latest rules, users must complete a valid purchase of Binance Alpha tokens through Binance Wallet (non-private key version) or Binance Exchange between March 19, 2025, and April 17, 2025, in order to participate in this subscription.
Next news:
According to SoSoValue data, Bitcoin spot ETF saw a total net inflow of 107.83M USD yesterday (Eastern Time, April 17th).
The Bitcoin Spot ETF with the highest net inflow yesterday was BlackRock's ETF IBIT, with a daily net inflow of 80.96M USD, and the total historical net inflow of IBIT currently stands at 39.75B USD.
The second highest was Fidelity's ETF FBTC, with a daily net inflow of 25.90M USD, and the total historical net inflow of FBTC currently stands at 11.28B USD.
As of the time of publication, the total net asset value of Bitcoin Spot ETFs is 94.51B USD, with an ETF net asset ratio (market capitalization relative to the total Bitcoin market cap) of 5.59%. The historical cumulative net inflow has reached 35.37B USD.
Source: https://sosovalue.com/zh/assets/etf/us-btc-spot
Next news:
The cryptocurrency exchange eXch announced that it will cease operations on May 1, after being accused of links to North Korea's Lazarus Group, allegedly providing money laundering services for approximately $35 million of the $1.40 billion stolen in the Bybit case. eXch stated that it decided to adopt a strategy of "stopping and retreating" due to being targeted by transatlantic law enforcement actions, and will no longer operate in a hostile environment, although it acknowledged having handled a small amount of funds related to the Bybit hacking incident in February. (Cointelegraph)
Next news:
According to Wu, the market maker Wintermute announced on Twitter that the decentralized lending protocol Euler has officially joined its venture capital division, Wintermute Ventures. In March of this year, Euler made a recovery two years after suffering a $197 million hack.
Next news:
According to Wu, Lookonchain monitoring has revealed that Galaxy Digital deposited 12,500 $ETH to Binance 8 hours ago, worth approximately 20 million USD. In the past 6 days, Galaxy Digital has deposited a total of 62,181 $ETH (about 99.46 million USD) to the exchange.
Next news:
According to SoSoValue data, Wu reported that on April 17th (Eastern Time), none of the nine Ethereum spot ETFs experienced any net inflows or outflows throughout the day, reflecting a state of zero movement.
Next news:
According to TechFlow, on April 18, Cointelegraph reported that the cryptocurrency research institution Galaxy Research proposed a plan called "Multi-Weighted Election Aggregation" (MESA) aimed at reducing the inflation rate of Solana.
This proposal allows validators to vote on multiple deflation rates, with the final result being determined by a weighted average. This mechanism will replace the traditional yes/no binary voting system, enabling validators to allocate votes among multiple options. According to the proposal, Solana will maintain a final inflation rate of 1.5%, determining the path through the aggregation of votes on different deflation rate options.
Next news:Wu learned that the Ministry of Finance of Slovenia announced the "Draft Law on Taxation of Gains from the Disposal of Crypto Assets" and the "Draft Amendment to the Law on Taxation of Gains from the Disposal of Derivative Financial Instruments" on April 17, 2025, initiating a public consultation process that will end on May 5. The draft proposes a tax rate of 25% on the gains from the disposal of crypto assets by Slovenian tax residents, effective from January 1, 2026. This tax applies only to conversions into fiat currency, payments for goods or services, or transfers to others, and excludes exchanges between crypto assets and transfers between wallets of the same holder.
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.