After reviewing the overall crypto market situation, let's shift our focus to the top 5 token gainers of the day:
As of 11:50 Hong Kong time, according to sosovalue, the top five gainers are:
Top 1 gainer is Eclipse (ES). As of 11:50 today, its market cap is 54.47M USD, with a coin price of 0.36310 USD, witnessing a 24-hour increase of 263%.
The second is Ani Grok Companion (ANI). As of 11:50 today, its coin price is 0.053055 USD, with a 24-hour increase of 231%.
The third is KAP Games (KAP). As of 11:50 today, its coin price is 0.0020000 USD, showing a 24-hour increase of 152%.
In fourth place is Moonveil (MORE). As of 11:50 today, its coin price is 0.056890 USD, with a 24-hour rise of 94%.
In fifth place is Milady Cult Coin (CULT). As of 11:50 today, its coin price is 0.0010298 USD, increasing by 51.1% 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 are up. Notably, Meme, ETH, and Layer2 sectors are worth mentioning.
Meme sector has risen 6.68% relative to the UTC 0 time, led by gains in ANI (232%), CULT (47.7%), and MELANIA (41.4%).
ETH sector has increased 5.67% relative to UTC 0, with ETH leading the rise at 5.67%.
Layer2 sector has risen 5.49%, with ES (285%), ZK (9.54%), and lumia (9.38%) leading the rise.

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

According to official news from Kraken, the AI-powered investment research and trading platform SoSoValue's platform coin $SOSO will soon be listed on its platform, and the $SOSO spot trading pair will be opened. SoSoValue provides users with services including market information & news access, AI Agent investment decision assistant, and the issuance and trading of index fund tokens ssi. It is committed to helping crypto market investors allocate crypto assets more efficiently, accurately, and easily through artificial intelligence (AI) technology and financial innovation. [Odaily Planet Daily]

Next news:According to @EmberCN, as ETH broke through $3,100, Trend Research, a secondary investment institution under Jack Yi, transferred 17,289 ETH (approximately $52.84 million) to Binance 4 hours ago and withdrew 19.11 million USDT to repay the loan when purchasing the coins, starting to partially take profits to reduce leverage. Previously, the institution borrowed approximately $270.00 million in Aave with approximately 2x leverage to purchase ETH, with an average cost of approximately $2,250. Currently, the 182,000 ETH held has realized approximately $160.00 million in floating profits. [Wu Blockchain]
Next news:According to Onchain Lens monitoring, SharpLink Gaming has increased its holdings again by 5,188 ETH, which is approximately $15.76 million at the current price. Its total ETH reserves have increased to 285,894, worth approximately $871.00 million. [Wu Blockchain]
Next news:

According to the official announcement on July 16, the launch time of the Binance Bonding Curve TGE event has been postponed due to technical issues. The team is urgently addressing the issue and will announce the new start time as soon as possible.

[BlockBeats]
Next news:The PayPal USD stablecoin appears to be going live on the Ethereum Layer 2 network Arbitrum, according to an update to the payment giant's cryptocurrency terms and conditions on Wednesday.

The "PYUSD Stablecoin" section of the terms now reads, "One of the Crypto Assets that PayPal supports is PYUSD, a U.S. dollar-denominated stablecoin. PYUSD is issued by Paxos, not PayPal, on each of the Ethereum, Solana, and Arbitrum cryptocurrency networks."

The page was last updated on July 16, and Arbitrum was missing from the same section in the previous archived version of the page, dated July 11,according to theInternet Archive's Wayback Machine. The "Transaction Limits" section now also includes a reference to PYUSD on Arbitrum, which was not previously included.

PayPal has yet to announce the news publicly. The Block reached out to the company for comment.

PayPal USD first launched in August 2023 on Ethereum in conjunction with issuer Paxos, fully backed by U.S. dollar deposits, short-term Treasuries, and similar cash equivalents.

"The shift toward digital currencies requires a stable instrument that is both digitally native and easily connected to fiat currency like the U.S. dollar," PayPal CEO Dan Schulman said at the time. "Our track record delivering new experiences to our customers, provides the foundation necessary to contribute to the growth of digital payments through PayPal USD."

The stablecoin later expanded to Solana in May 2024, designed to further PayPal's goal of enabling a digital currency with a stable value designed for commerce and payments, the firm said.

Paxos itself expanded to Arbitrum in September 2024 with plans to bring its tokenization platform to the network. [The Block]
Next news:On July 16, blockchain security agency SlowMist tweeted that BigONE exchange was exploited by hackers due to supply chain attacks, with losses exceeding $27 million. The production network was hacked, and the operating logic of the account and risk control-related servers was tampered with, allowing the attacker to withdraw funds, but fortunately the private key was not leaked. [PANews]
Next news:US authorities confiscated massive drug quantities and dismantled meth labs nationwide while pursuing crypto-linked cartel operatives.
Next news:Mary-Catherine Lader has announced her departure from her role as President and COO of Uniswap Labs, stating that she will be starting a new chapter in the crypto industry. She recalled that since she started working with digital assets at BlackRock in 2015, the industry has undergone significant changes, and that participating in the construction of Uniswap with Hayden Adams was an important experience. [Wu Blockchain]
Next news:Binance Alpha will be the first platform to list Taker Protocol (TAKER) on July 18. Eligible users can visit the Alpha activity page to claim the airdrop using Binance Alpha points after Alpha trading opens. Specific details will be announced separately. [Foresight News]
Next news:Blockchain infrastructure platform Aspecta has announced its token name as ASP, with a total supply of 1 billion. Snapshots for the Community Hero and Impact Driver ecosystem badges have not yet ended. [Foresight News]

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.