SoSo Daily Apr 22 | Whale who earned 5.30 million USD through TRUMP accumulates 3.36 million FARTCOIN tokens

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 Balance (EPT). As of 12:00 today, its market cap is 28.47M USD, with a coin price of 0.012289 USD, witnessing a 24-hour increase of 310%.
The second is Pixelverse (PIXFI). As of 12:00 today, its coin price is 0.00080200 USD, with a 24-hour increase of 74%.
The third is Nuls (NULS). As of 12:00 today, its coin price is 0.040950 USD, showing a 24-hour increase of 61.9%.
In fourth place is Onomy Protocol (NOM). As of 12:00 today, its coin price is 0.0069000 USD, with a 24-hour rise of 48.4%.
In fifth place is Orbiter Finance (OBT). As of 12:00 today, its coin price is 0.015342 USD, increasing by 44.2% over the last 24 hours.


Moving on, let's take a look at the sector performance in crypto market.
Acccording to sosovalue, out of 16 sectors, 10 are up and 6 are down. Notably, AI, Meme, and SocialFi sectors are worth mentioning.
AI sector has risen 2.72% relative to the UTC 0 time, led by gains in EPT (305%), CLANKER (28.6%), and ZEREBRO (24.1%).
Meme sector has increased 2.1% relative to UTC 0, with CLANKER (28.6%), popcat (25.4%), and ZEREBRO (24.1%) leading the rise.
SocialFi sector has fallen 3%, with 00 (-13%), bbl (-8.64%), and snt (-6.38%) leading the decline.

Let's go through the Crypto news worth paying attention today according to sosovalue:
The first is:Wu Shuo learned from @ai_9684xtpa monitoring that a whale who once profited 5.30 million USD through TRUMP tokens recently spent 3.07 million USDC to purchase 3.36 million FARTCOIN in the past 8 hours, with an average price of 0.9134 USD. FARTCOIN has risen 12% in the last 24 hours, currently priced at 1 USD, and the whale has an unrealized profit of 291 thousand USD.
Next news:

According to SoSoValue data, Bitcoin spot ETF saw a total net inflow of 381.40M USD yesterday (Eastern Time, April 21th).

The Bitcoin Spot ETF with the highest net inflow yesterday was Ark Invest and 21Shares's ETF ARKB, with a daily net inflow of 116.13M USD, and the total historical net inflow of ARKB currently stands at 2.60B USD.

The second highest was Fidelity's ETF FBTC, with a daily net inflow of 87.61M USD, and the total historical net inflow of FBTC currently stands at 11.37B USD.

As of the time of publication, the total net asset value of Bitcoin Spot ETFs is 97.61B USD, with an ETF net asset ratio (market capitalization relative to the total Bitcoin market cap) of 5.63%. The historical cumulative net inflow has reached 35.76B USD.

Source: https://sosovalue.com/zh/assets/etf/us-btc-spot

Next news:
Next news:The U.S. Securities and Exchange Commission (SEC) announced that Paul Atkins has officially been sworn in as the 34th Chairman. Atkins, a long-time supporter of cryptocurrencies, was nominated by President Trump on January 20 and confirmed by the Senate earlier this month. Atkins stated that he will focus on promoting capital formation, maintaining fair, orderly, and efficient markets, and protecting investors. He plans to prioritize establishing a regulatory framework for digital assets, contrasting with former Chairman Gary Gensler's approach of "regulating through enforcement." Since Gensler's departure, the SEC has withdrawn controversial crypto accounting guidance, halted enforcement actions against major industry players, and formed a crypto working group led by Commissioner Hester Peirce to encourage open discussions on cryptocurrency regulatory issues. Atkins served as an SEC Commissioner from 2002 to 2008 before founding the consulting firm Patomak Global Partners, whose clients include banks, crypto exchanges, and DeFi platforms.
Next news:Background: Bithumb is one of South Korea's major cryptocurrency exchanges, planning to strengthen its business structure by splitting its non-trading business units and to push for an initial public offering (IPO) this year.

Key Event: According to Bithumb's statement on South Korea's official electronic disclosure system DART, the split is scheduled to be implemented on July 31, 2025, with the new entity named Bithumb A. The split aims to prevent the risks of non-trading businesses from spreading to trading operations through independent liabilities, while enhancing the professionalism and competitiveness of each business unit. After the split, the shareholding ratio between Bithumb and the new entity will be approximately 56:44.

Performance: With the crypto market warming up in the second half of 2024, Bithumb's net profit last year reached 110 million USD, a year-on-year increase of 560%. South Korea's largest exchange, Upbit, reported a net profit of approximately 671 million USD last year.

Future Plans: This restructuring aligns with Bithumb's plan to conduct an IPO on the local Korean stock market in the second half of this year, with Samsung Securities as the underwriter. Bithumb is also considering the possibility of listing on Nasdaq.

Special Note: The content mentions SoSoValue.
Next news:The European Central Bank (ECB) is concerned that U.S. President Trump's support for the cryptocurrency industry may trigger financial "contagion" risks. These risks stem from previous events such as the collapse of the cryptocurrency exchange FTX, the failure of the CeFi lending platform BlockFi, and the crash of the DeFi project Terra Luna, which could pose a threat to the European economy. The European Commission has raised objections to the ECB's analysis, reflecting internal debates within Europe about the Trump administration's use of cryptocurrencies, especially stablecoins, to strengthen the influence of the U.S. dollar and promote asset inflows. The European Union's 2023 Markets in Crypto-Assets Regulation (MiCA) is seen as the first significant legislation targeting crypto enterprises, restricting the issuance of foreign currency-backed stablecoins. However, the proposed U.S. STABLE and GENIUS bills aim to expand the influence of U.S. dollar-backed stablecoins, causing the ECB to worry that MiCA's regulatory measures are insufficient. Some EU officials believe the ECB is exaggerating the threat posed by stablecoins to gain political support for its digital euro project. Nevertheless, the ECB warns that if EU issuers are required to simultaneously redeem tokens held both abroad and in Europe, it could trigger a reserve "run."
Next news:

Odaily Planet Daily reported that according to @EmberCN monitoring, a whale sold 11,328 $ETH at an average price of $1,618 yesterday, obtaining $18.23 million USDC, with a single swing profit of $271,000. Subsequently, the address continued to operate, using the obtained USDC as collateral on Aave to borrow 4,000 $ETH, which it sold at an average price of $1,618, obtaining approximately $6.47 million USDT.

Next news:Wu Shuo learned that crypto journalist Eleanor Terrett tweeted that the Oregon Attorney General has filed a lawsuit against Coinbase, accusing it of violating state securities laws by illegally offering and selling assets classified as "crypto securities" to Oregon residents. The lawsuit involves a total of 31 tokens, which is 18 more than the number mentioned in previous SEC cases, covering tokens such as AAVE, UNI, LINK, MKR, FLOW, XRP, and others. Previously, Coinbase responded by stating that the lawsuit is "baseless" and a "repetition of outdated theories that the SEC has already abandoned."
Next news:Wu Shuo has learned that Binance Wallet officially announced that the Hyperlane TGE originally scheduled for April 22 has been postponed due to a slight delay in the project. The new launch date will be announced after the project team is ready. Currently, the team is actively handling the final details before launch.
Next news:Wu said that South Korea's second-largest crypto exchange, Bithumb, will launch the PUMP/KRW trading pair. The trading will open at 6:00 PM local time. PumpBTC is a liquidity staking project based on the Babylon protocol.

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.