Crypto Market Update
Let's turn our attention to today's overall Crypto market situation.
As of 11:59 PM Hong Kong time on July 9, 2025, according to sosovalue, the total market cap of the crypto market stands at 3.54 trillion US dollars, witnessing a decrease of 0.731% compared to yesterday; the total trading volume is 121.69 billion US dollars, marking an increase of 46.7% from the previous day.
Cryptocurrency Market Update - July 9, 2025
According to sosovalue, the price of $BTC is 111,230 USD, an increase of 2.12% from yesterday. The market cap of $BTC is 2.21 trillion USD, accounting for 62.6% of the total market cap; $BTC's 24-hour trading volume is 36.81 billion USD, making up 30.2% of the total trading volume.
The price of $ETH is 2,768.7 USD, up 5.87% from yesterday; the market cap of $ETH is 334.23 billion USD, representing 9.45% of the total market cap; $ETH's 24-hour trading volume is 23.89 billion USD, comprising 19.6% of the total trading volume.
The combined market capitalization of $BTC and $ETH accounts for 72.05% of the total cryptocurrency market cap, and their combined trading volumes constitute 49.8% 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 23:50 on July 9, 2025, according to sosovalue, the top five gainers are:
Top 1 gainer is Tanssi (TANSSI). As of 23:50 today, its market cap is 9.28M USD, with a coin price of 0.060590 USD, witnessing a 24-hour increase of 1110%.
The second is CROSS. As of 23:50 today, its coin price is 0.13875 USD, with a 24-hour increase of 79.6%.
The third is Lumoz (MOZ). As of 23:50 today, its coin price is 0.0013000 USD, showing a 24-hour increase of 44.4%.
In fourth place is MemeCore (M). As of 23:50 today, its coin price is 0.29184 USD, with a 24-hour rise of 42.9%.
In fifth place is Useless Coin (USELESS). As of 23:50 today, its coin price is 0.31258 USD, increasing by 38.2% 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, all 16 are up and 0 are down. Notably, Meme,
$ETH, and GameFi sectors are worth mentioning.
Meme sector has risen 6.08% relative to the UTC 0 time, led by gains in BENDOG (50.8%), M (48.5%), and USELESS (36%).
$ETH sector has increased 5.87% relative to UTC 0, with
$ETH leading the rise at 5.87%.
GameFi sector has risen 5.42%, with CROSS (74.9%), magic (19.2%), and MAVIA (18.7%) leading the rise.
Let's go through the Crypto news worth paying attention today according to sosovalue:
The first is:On July 9, according to Cointelegraph, Bybit platform information shows that the platform will officially launch the pump.fun native token PUMP public sale on July 12, 2025, at 22:00. This sale will offer 150,000,000,000 tokens at a price of 0.004 USDT, accounting for 15% of the total supply (1,000,000,000,000 tokens). This implies a valuation of $4 billion and a financing of $600 million. [BlockBeats]
Next news:On July 9th, Binance announced the launch of its 26th HODLer airdrop project, Lagrange (LA), which focuses on using ZK proof technology to verify AI, bringing trust and security to the AI-driven world. The airdrop will target users who subscribe to BNB to Simple Earn or On-Chain Yields products between June 22nd and 25th, 2025, distributing a total of 15,000,000 LA (1.5% of the total genesis supply).
LA tokens will begin trading on Binance on July 9th, 2025, at 15:00 (UTC), supporting USDT, USDC, BNB, FDUSD, and TRY trading pairs. [Deep Tide TechFlow]
Next news:On July 9th, cryptocurrency exchange Kraken and tokenized stock issuance platform Backed announced a strategic partnership with leading global blockchain BNB Chain today. Through this collaboration, BNB Chain joins the rapidly expanding xStocks alliance, further accelerating global users' access to on-chain tokenized U.S. stocks. In the coming weeks, Kraken will allow eligible customers to deposit and withdraw xStocks on its platform via BNB Chain.
As part of the collaboration, Backed will deploy xStocks on BNB Chain in the form of BEP-20 tokens, enabling users to seamlessly access tokenized assets of U.S. stocks and ETFs. This includes assets such as AAPLx, TSLAx, SPYx, and NVDAx. By expanding to BNB Chain, xStocks continues to fulfill its mission of meeting demand where users are, bringing traditional equity on-chain, and opening up access for underserved markets globally.
BNB Chain was selected for its high performance, low transaction fees, and leading on-chain activity. With a TVL of approximately $10.00 billion and one of the most active Web3 user communities, it provides a solid foundation for expanding the adoption of tokenized assets. Kraken, Backed, and BNB Chain are jointly committed to popularizing investment by enabling 24/7 global exposure to the U.S. stock market. [BlockBeats]
Next news:On July 9, according to Jinshi Data, U.S. President Trump sent trade letters to the Philippines and Brunei, imposing a 20% tariff on goods from the Philippines and a 25% tariff on goods from Brunei. [Deep Tide TechFlow]
Next news:On July 9th, market news reported that GMX was suspected of being hacked 40 minutes ago, resulting in a loss of $40,000,000. [Deep Tide TechFlow]
Next news:On July 9th, GMX officially announced today (July 9, 2025) that the GLP pool of GMX V1 on the Arbitrum platform suffered a vulnerability attack, and approximately $40,000,000 tokens have been transferred to an unknown wallet. To prevent further losses, GMX has suspended the trading function of GMX V1 and the minting and redemption operations of GLP on the Arbitrum and Avalanche networks. The official statement emphasized that this vulnerability is limited to GMX V1 and its GLP pool, and will not affect GMX V2, its market or liquidity pool, nor will it affect the GMX token itself. [Deep Tide TechFlow]
Next news:Binance founder Changpeng Zhao responded on social media to the question of "whether BNB will join the treasury reserve," saying that he heard that more than 30 teams want to launch BNB treasury-related Public Co. projects. [ChainCatcher]
Next news:According to Cointelegraph, DeFi asset management protocol Velvet Capital has announced the completion of a $3.7 million funding round, with participation from YZi Labs and Blockchain Founders Fund, FunFair Ventures, Selini Capital, Mucker Capital, PAKA, LucidBlue, Mindfulness Capital, SkyVision Capital, Gate Labs, Poolz Ventures, NexGen, Cointelegraph Accelerator, Gains Associates, Rarestone, Echo, and DWF Ventures. This funding accelerates Velvet's mission to provide frictionless portfolio management and trading for funds, DAOs, and individual traders, while also driving the launch of its new governance and utility token, Velvet. [ChainCatcher]
Next news:Bybit has launched the PUMP token sales page for pump.fun. The sale will take place from July 12 to 15, and the PUMP tokens will be distributed within 72 hours after the sale ends. The maximum purchase limit for each user is $500,000, but European users are prohibited from participating. (SolanaFloor) [Odaily Planet Daily]
Next news:
On July 10, Federal Reserve staff projected that real GDP growth for 2025 would be higher than previously forecast, and inflation would be lower than previously expected.
Participants believed that uncertainty about the economic outlook had diminished due to announced and anticipated tariff reductions, but overall uncertainty remained at a high level. Most officials believed that tariffs could lead to sustained inflation risks. (Golden Ten)
[BlockBeats]
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.