SoSo Daily Apr 24 | A major whale institution transferred 1,485 BTC to Binance, earning approximately 50.13 million USD.

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 Zora. As of 12:00 today, its market cap is 61.23M, with a coin price of 0.024490 USD, witnessing a 24-hour increase of 2350%.
The second is Initia. As of 12:00 today, its coin price is 0.64750 USD, with a 24-hour increase of 548%.
The third is MEMEFI. As of 12:00 today, its coin price is 0.0027205 USD, showing a 24-hour increase of 108%.
In fourth place is jelly-my-jelly. As of 12:00 today, its coin price is 0.022880 USD, with a 24-hour rise of 63.1%.
In fifth place is Foxy. As of 12:00 today, its coin price is 0.0022560 USD, increasing by 43.2% 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, 0 are up and 16 are down. Notably, PayFi, RWA, and GameFi sectors are worth mentioning.
PayFi sector has fallen 4.26% relative to the UTC 0 time, led by declines in RUBY (-16%), ecox (-8.42%), and klv (-8.06%).
RWA sector has decreased 4.36% relative to UTC 0, with MGT (-14.6%), lumia (-10.6%), and mpl (-8.57%) leading the drop.
GameFi sector has fallen 4.44%, with GEEK (-36.9%), MAX (-31.2%), and shill (-24.9%) leading the decline.

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

Foresight News reports that according to Ember monitoring, a certain whale/institution transferred 1,485 $BTC to Binance 30 minutes ago, valued at approximately $139 million.

Over the past 11 months, they withdrew 5,700 $BTC from Binance at an average price of $80,449. Starting two months ago, they gradually transferred $BTC back to Binance to sell; today's transfer of 1,485 $BTC is the final batch.

The overall average transfer price to Binance is $89,244, with a profit of about $50.13 million.

Next news:

According to SoSoValue data, Bitcoin spot ETF saw a total net inflow of 916.91M USD yesterday (Eastern Time, April 23th).

The Bitcoin Spot ETF with the highest net inflow yesterday was BlackRock's ETF IBIT, with a daily net inflow of 643.16M USD, and the total historical net inflow of IBIT currently stands at 40.63B USD.

The second highest was Ark Invest and 21Shares's ETF ARKB, with a daily net inflow of 129.50M USD, and the total historical net inflow of ARKB currently stands at 3.00B USD.

The Bitcoin Spot ETF with the highest net outflow yesterday was Bitwise's ETF BITB, with a daily net outflow of 15.25M USD, and the total historical net inflow of BITB currently stands at 2.08B USD.

As of the time of publication, the total net asset value of Bitcoin Spot ETFs is 106.39B USD, with an ETF net asset ratio (market capitalization relative to the total Bitcoin market cap) of 5.72%. The historical cumulative net inflow has reached 37.61B USD.

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

Next news:Japanese investment company Metaplanet announced the purchase of an additional 145 bitcoins, bringing its total holdings to 5,000 bitcoins, valued at approximately 460.00 million USD. CEO Simon Gerovich stated that they have achieved 50% of their goal to hold 10,000 bitcoins by the end of 2025 and plan to become the world's leading bitcoin holding company. Since launching their bitcoin adoption strategy in April 2024, Metaplanet has been actively acquiring bitcoins, targeting holdings of 21,000 bitcoins by the end of 2026. The company evaluates the effectiveness of its bitcoin acquisition strategy using the $BTC Yield metric, achieving a 121.1% return year-to-date. Metaplanet's bitcoin holdings place it among the top ten corporate bitcoin holders globally. Meanwhile, Cantor Fitzgerald, SoftBank, Bitfinex, and Tether announced a joint launch of the bitcoin-native publicly listed company Twenty One, with a market value of 3.60 billion USD, planning to hold over 42,000 bitcoins and challenging Michael Saylor's Strategy. Coinbase's head of institutional strategy, John D’Agostino, pointed out that institutional capital such as sovereign wealth funds is also actively buying bitcoin, driving its price upward.
Next news:

Foresight News reports that, according to Ai Yi's monitoring, a "whale borrowing coins to long $BTC" transferred 5 million USDC from Coinbase to purchase 53.401 WBTC and added collateral to Aave.

Currently, the whale has deposited a total of 309.64 WBTC, borrowed 16.48 million USDT, with an average long price of $88,327. Liquidation will only be triggered if $BTC falls to $68,241.

Next news:Bitcoin falls below 93,000 USDT
Next news:

Foresight News reports that according to Lookonchain monitoring, a certain whale began to profit after holding Fartcoin for 5 months.

• 5 months ago, it spent 895,151 USDC to purchase 4.36 million Fartcoin at a price of $0.205 each (valued at approximately $10.80 million at its peak).
• 7 hours ago, it sold 955,589 Fartcoin at a price of $1.05 each, worth about $1 million.
• It currently still holds 3.40 million Fartcoin, valued at about $3.54 million.
• The total profit is approximately $3.65 million.

Next news:

Odaily Planet Daily reports that U.S. federal prosecutors have submitted over 200 victim statements to the Manhattan Federal Court, accusing Celsius Network founder and former CEO Alex Mashinsky. These statements detail the economic losses and life impacts caused to users by Celsius's collapse.

Mashinsky pleaded guilty in December 2023, admitting to one count of commodity fraud and one count of securities fraud, with a maximum sentence of 30 years in prison. Most victims are requesting the court to impose the maximum sentence, while a few are appealing for leniency.

Mashinsky's sentencing will be announced on May 8, and his defense team has requested a prison term not exceeding 366 days. (Cointelegraph)

Next news:The U.S. Southern District of New York prosecutor has requested a prison sentence of 78 to 97 months for Avraham "Avi" Eisenberg, the exploiter of the Mango Markets vulnerability. Eisenberg was convicted in 2022 for committing $110 million worth of fraud by manipulating the DeFi platform Mango Markets. Additionally, he is charged with possession and viewing of illegal materials involving minors. Prosecutors pointed out that Eisenberg conducted false transactions through multiple controlled accounts, artificially inflating the value of the MNGO token, borrowing a large amount of cryptocurrency, and then selling it off, which temporarily rendered the platform insolvent. Although Eisenberg claimed his actions were part of a legitimate group trading strategy, prosecutors emphasized that he knowingly broke the law and attempted to evade responsibility. Afterwards, Eisenberg returned $67 million, but the community allowed him to retain $47 million. Mango Labs has requested the court to recover this portion of funds to compensate the victims. The sentencing was originally scheduled for December 2024 but has now been postponed to May 1st.
Next news:Background: Bitcoin, Ethereum, and the broader cryptocurrency market experienced a significant surge following the Trump administration's softened stance toward the Federal Reserve leadership and indications of the resumption of China-US trade talks. U.S. Treasury Secretary Scott Baesert noted eased tensions with Beijing, President Trump downplayed speculation about replacing Fed Chair Powell, and hinted at potential tariff reductions on Chinese imports.

Key Events: Influenced by these developments, the total cryptocurrency market capitalization surpassed $3 trillion, reaching a six-week high. Bitcoin prices broke through $94,000, Ethereum exceeded $1,800, and Solana reached $150. Weekly gains for Bitcoin and Ethereum were 12% and 14%, respectively, outperforming the S&P 500 and Nasdaq indices. Market sentiment was positive, with significant increases in options and spot trading volumes, notable institutional inflows, and a single-day Bitcoin ETF inflow reaching $936 million.

Market Analysis and Outlook: Analysts pointed out that Bitcoin may experience a technical correction in the short term, but if the $90,000 support level holds with strong trading volumes, prices are expected to continue rising. Macroeconomic uncertainties and China-US trade negotiations may still cause volatility. Institutional investors are increasing their Bitcoin allocations through new funds, demonstrating sustained market interest in digital assets.

Special Mention: The content includes information related to SoSoValue.
Next news:According to official announcements obtained by Wushuo, Binance will delist ALPACA, PDA, VIB, and WING on May 2, 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.