SoSo Daily Apr 22 | GSR assists Upexi in raising $100 million through a private placement to establish the Solana Treasury
Let's turn our attention to today's overall Crypto market situation.
As of 00:01 on April 22, 2025, according to sosovalue, the total market cap of the crypto market stands at 2.82 trillion US dollars, witnessing an increase of 0.114% compared to yesterday; the total trading volume is 101.13 billion US dollars, marking a significant rise of 94.1% from the previous day.
Cryptocurrency Market Update - April 22, 2025
According to sosovalue, the price of $BTC is 87,499 USD, an increase of 2.72% from yesterday. The market cap of $BTC is 1.74 trillion USD, accounting for 61.6% of the total market cap; $BTC's 24-hour trading volume is 39.75 billion USD, making up 39.3% of the total trading volume.
The price of $ETH is 1,578.6 USD, down 0.549% from yesterday; the market cap of $ETH is 190.55 billion USD, representing 6.75% of the total market cap; $ETH's 24-hour trading volume is 15.17 billion USD, comprising 15% of the total trading volume.
The combined market capitalization of $BTC and $ETH accounts for 68.35% of the total cryptocurrency market cap, and their combined trading volumes constitute 54.3% of the total trading volume.
As of 12:00 Hong Kong time, according to sosovalue, the top five gainers are:
Top 1 gainer is Balance (EPT). As of 00:00 today, its market cap is 31.43M, with a coin price of 0.013566 USD, witnessing a 24-hour increase of 352%.
The second is Orbiter Finance (OBT). As of 00:00 today, its coin price is 0.019032 USD, with a 24-hour increase of 87.5%.
The third is Loom Network (NEW) (LOOM). As of 00:00 today, its coin price is 0.031360 USD, showing a 24-hour increase of 71.8%.
In fourth place is Neiro on $ETH (NEIRO). As of 00:00 today, its coin price is 0.029420 USD, with a 24-hour rise of 54.4%.
In fifth place is Pixels (PIXEL). As of 00:00 today, its coin price is 0.045770 USD, increasing by 48.9% over the last 24 hours.
Acccording to sosovalue, out of 16 sectors, 13 are up and 3 are down. Notably, $BTC and SocialFi sectors are worth mentioning.
$BTC sector has risen 2.72% relative to the UTC 0 time, led by gains in $btc with a 2.72% increase.
SocialFi sector has decreased 2.66% relative to UTC 0, with 00 dropping 19.1%, bbl down 10.1%, and snt falling 6.84% leading the decline.
Let's go through the Crypto news worth paying attention today according to sosovalue:
The first is:GSR assisted consumer goods company Upexi in creating a Solana treasury and led a $100 million private investment in public equity (PIPE) to support this initiative. Upexi plans not only to establish its treasury but also to accumulate more SOL and engage in staking. GSR Research Director Brian Rudick stated that this investment reflects the market's growing demand for high-quality crypto assets, emphasizing Solana's advantages in speed, scalability, and developer ecosystem. Previously, commercial real estate financing company Janover also established its Solana treasury, holding 83,000 SOL and planning to stake them.
Next news:
According to Deep Tide TechFlow, on April 21, Bitget will list Zora (ZORA) in the Innovation Zone, NFT, and Public Chain Zone. The deposit channel is now open, and the trading channel will open on April 23 at 21:00 (UTC+8).
Next news:
According to Wu, FOX Business Network senior reporter Charles Gasparino stated that he learned from sources on Wall Street that Paul Atkins is expected to be sworn in as the Chairman of the SEC as early as Tuesday. This comes after the U.S. Senate voted to approve President Donald Trump’s nomination of Paul Atkins to lead the Securities and Exchange Commission.
Next news:Elon Musk may announce the date for withdrawing from the 'Department of Government Efficiency' on Tuesday.
Next news:Wu said that Binance announced the exclusive 11th TGE Hyperlane for Binance Wallet. The event time is from 17:00 to 19:00 on April 22, 2025. Participants must have purchased Binance Alpha tokens worth at least 20 USD in total through the Binance non-custodial wallet or the spot/funding accounts on the Binance exchange between 16:00:00 on March 22, 2025, and 15:59:59 on April 21, 2025, to qualify for participation.
Next news:Wu Shuo learned that Sign Foundation announced the SIGN tokenomics, with a total supply of 10 billion tokens and an initial circulation of 12%. It will be deployed on Ethereum and distributed through BNB Chain and Base. $SIGN is used for ecosystem incentives and governance, with 40% allocated to the community and 10% of the TGE as an airdrop. Except for the airdrop, the remaining tokens will be released linearly on a monthly or quarterly basis, lasting up to 5 years. The on-chain snapshot time is April 25, 2025, at 12:00 (UTC). Sign Protocol secured $16 million in funding led by YZI in January this year, with a total cumulative public fundraising amount reaching $28.65 million.
Next news:Initia releases token economic model: total supply of 1 billion tokens, with 5% allocated for airdrops.
Next news:The U.S. market opened after a three-day holiday, with the Dow Jones, Nasdaq, and S&P 500 indices all dropping about 3.5%, and the U.S. dollar falling to a three-year low. Trump once again criticized Federal Reserve Chair Powell, calling for an early rate cut and pointing out that the European Central Bank has cut rates seven times in the past year. Bitcoin outperformed traditional markets, with its price approaching $88,000, marking a six-week high. Kronos Research analyzed that the rise in Bitcoin's price was driven by increased global liquidity and renewed institutional interest. Crypto analysts noted that the Federal Reserve's leadership position being threatened could affect the dollar's stability, supporting Bitcoin's role as a store of value. Bitcoin faces short-term resistance levels at $88,000 and $92,000-$93,000, while the long-term bullish outlook remains. Bitcoin spot ETF trading volume hit a new low since 2025 but still shows a downward trend when calculated over five days.
Next news:Wu said that Coinbase announced it will support the Reserve Rights (RSR) token on the Base network. Users are not allowed to transfer this asset through other networks, as it may lead to asset loss. Trading will begin at or after 9:00 AM Pacific Time on April 22, 2025, provided liquidity conditions are met. The RSR-USD trading pair will be launched in phases.
Next news:
According to a report by Jinshi Data on April 21, Deep Tide TechFlow news indicates that Citigroup expects the Federal Reserve to implement its next rate cut in June, a shift from the previous prediction of May; meanwhile, it maintains its expectation of a 125 basis point cut by 2025.
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.