Crypto Market Update
Let's turn our attention to today's overall Crypto market situation.
As of 5:59 PM Hong Kong time on July 8, 2025, according to sosovalue, the total market cap of the crypto market stands at 3.44 trillion US dollars, witnessing a decrease of 2.54% compared to yesterday; the total trading volume is 82.76 billion US dollars, marking a decline of 4.22% from the previous day.
Cryptocurrency Market Update
According to sosovalue, the price of $BTC is 109,000 USD, an increase of 0.998% from yesterday. The market cap of $BTC is 2.17 trillion USD, accounting for 63.1% of the total market cap; $BTC's 24-hour trading volume is 23.60 billion USD, making up 28.5% of the total trading volume.
The price of $ETH is 2,616.3 USD, up 3.37% from yesterday; the market cap of $ETH is 315.83 billion USD, representing 9.19% of the total market cap; $ETH's 24-hour trading volume is 15.40 billion USD, comprising 18.6% of the total trading volume.
The combined market capitalization of $BTC and $ETH accounts for 72.29% of the total cryptocurrency market cap, and their combined trading volumes constitute 47.1% 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 17:50 Hong Kong time, according to sosovalue, the top five gainers are:
Top 1 gainer is LayerAI (LAI). As of 17:50 today, its market cap is 1.40M USD, with a coin price of 0.00061140 USD, witnessing a 24-hour increase of 55%.
The second is Dtec token (DTEC). As of 17:50 today, its coin price is 0.017620 USD, with a 24-hour increase of 39.6%.
The third is Elderglade (ELDE). As of 17:50 today, its coin price is 0.018410 USD, showing a 24-hour increase of 33.5%.
In fourth place is Nodle Network (NODL). As of 17:50 today, its coin price is 0.00019080 USD, with a 24-hour rise of 31.1%.
In fifth place is Magic (MAGIC). As of 17:50 today, its coin price is 0.15670 USD, increasing by 30.4% 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, all 16 are up and 0 are down. Notably,
$ETH, RWA, and DeFi sectors are worth mentioning.
$ETH sector has risen 3.54% relative to the UTC 0 time, led by gains in
$ETH (3.54%).
RWA sector has increased 3.14% relative to UTC 0, with KTA (9.99%), PRCL (6.02%), and token (5.78%) leading the rise.
DeFi sector has risen 2.52%, with SIS (21.8%), VVS (18.1%), and VNO (17.3%) leading the rise.
Let's go through the Crypto news worth paying attention today according to sosovalue:
The first is:On July 8, according to Cointelegraph, BlackRock's
Bitcoin spot ETF IBIT holds over 700,000
$BTC, worth approximately $75.5 billion. According to Apollo co-founder Thomas Fahrer, BlackRock's
Bitcoin spot ETF IBIT holds 700,307 BTC. [BlockBeats]
Next news:According to CoinDesk, Tether has announced a strategic investment in blockchain forensics firm Crystal Intelligence to combat cryptocurrency crime. The specific investment amount has not been disclosed. With the increase in cryptocurrency-related scams and fraud, Tether is committed to curbing the illegal use of its USDT stablecoin. [ChainCatcher]
Next news:Robinhood CEO Vlad Tenev said in an interview with Bloomberg in London that tokenization could solve liquidity problems by "leveraging the global network of hundreds of millions of cryptocurrency market participants." Tenev said he welcomes scrutiny from European regulators. [Foresight News]
Next news:Digital asset management company ReserveOne has announced that it has entered into a definitive business combination agreement with special purpose acquisition company M3-Brigade Acquisition V Corp. (Nasdaq: MBAVU, MBAV, MBAVW). ReserveOne will hold and manage a variety of cryptocurrencies based on
Bitcoin, including
Ethereum, Solana, and other cryptocurrencies with the potential to generate returns through institutional staking and lending. [Foresight News]
Next news:According to a report by China Business News, the "Stablecoin Ordinance" will take effect on August 1, 2024, at which time the Hong Kong Monetary Authority will begin accepting license applications. A reporter learned from industry insiders that Hong Kong's stablecoin licenses are relatively scarce and highly sought after, with the number of licenses expected to be only in the single digits. However, in addition to JD.com, Standard Chartered, and Circle, which have already been officially announced, more than 40 companies are preparing to submit applications. Law firms report that there are dozens more potential applicants currently in the consultation or material preparation stage, making the competition extremely fierce. The applicant institutions are basically China's largest financial institutions and internet companies, while some smaller companies intending to apply have little hope. [Foresight News]
Next news:On July 9, Trump said that Federal Reserve Chairman Powell should resign immediately. (Golden Ten) [BlockBeats]
Next news:Blockchain technology company BTCS (Nasdaq: BTCS ) has announced plans to raise $100 million in 2025 to purchase
Ethereum and build a leading publicly traded company focused on
Ethereum infrastructure. Subject to market conditions, the company plans to raise funds on a rolling basis to acquire
Ethereum and is committed to maximizing capital efficiency. [Foresight News]
Next news:Private investment platform Linqto has filed for Chapter 11 bankruptcy protection under U.S. bankruptcy law. The company also holds 4.70 million shares of Ripple purchased on the private market. Ripple CEO Brad Garlinghouse clarified last week that Linqto owns 4.70 million secondary shares of Ripple but has no business relationship with the company. Based on a secondary market stock price of $95.5, Linqto's holdings of Ripple stock may be worth approximately $450.00 million. [Foresight News]
Next news:Between June 28th and July 4th, SharpLink Gaming purchased approximately 7,689
$ETH at an average price of approximately $2,501.00, for a total value of approximately $19.20 million. Currently, SharpLink Gaming holds approximately 205,634 ETH. [Foresight News]
Next news:On July 8, Grayscale Investments® announced the second quarter 2025 rebalancing of its multi-asset funds. The DeFi Fund added Ondo (ONDO), with the largest weights currently being Uniswap (34.01%) and Aave (30.74%); the Smart Contract Fund removed Polkadot and added Hedera, with
Ethereum and Solana accounting for 30.22% and 29.87% respectively; the AI Fund maintained its original assets but adjusted the weights, with Bittensor and NEAR Protocol accounting for 29.10% and 28.41% respectively. Grayscale stated that these funds do not generate income and will periodically allocate fund components to pay ongoing expenses, so the number of asset components represented by the fund shares will gradually decrease over time. [Deep Tide TechFlow]
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.