SoSoValue Official Announcement

Dormant 'Satoshi Era' Wallets Move $16M in Bitcoin After 15 Years A group of 'Satoshi Era' wallets, which have been dormant for 15 years, recently moved $16 million worth of Bitcoin. It remains uncertain whether these wallets are owned by the same individual or entity. ————————— Follow us on🔔 Website | X | Telegram | YouTube | Linkedin

SoSo Web3 Newsletter | Sep 20 🔐 Crypto Market Overview Total Market Cap - $2.28T / 24H -0.731% 24H Total Trading Volume - $109.06B / 24H -21% BTC Price - $62,805 / 24H -0.366% Market Cap - $1.24T / Dom 54.4% 24h Trading Volume - $39.34B / Dom +36.1% ETH Price - $2,527.2 / 24H +3.89% Market Cap - $304.14B / Dom 13.3% 24h Trading Volume - $19.29B / Dom +17.7% 📊 Bitcoin ETF Tracker | 2024-09-19 🟩 Daily Total Net Inflow +$158.21M 💰 Total Value Traded $1.44B 🏦 Total Net Assets $57.82B 📊 ETF Market Value Ratio 4.64% 🥇 Net Inflows/Outflows for Each ETF 🟩 ARKB +$81.07M 🟩 FBTC +$49.88M 🟩 BITB +$10.36M 🟩 BTC +$9.54M 🟩 EZBC +$7.35M ⬜️ IBIT $0 ⬜️ BTCO $0 ⬜️ BTCW $0 ⬜️ BRRR $0 ⬜️ HODL $0 ⬜️ GBTC $0 ⬜️ DEFI $0 Note: Only data disclosed and updated by the ETF issuer is included.Real-time tracking of Bitcoin ETF data: https://sosovalue.com/assets/etf 🔥 Crypto Sector Tracker Top 3 📈 -ETH +3.91% /AI +3.47% /Layer1 +2.22% Top 3 📉 -Payment -0.698% /BTC -0.355% /StableCoin -0.0108% 📈 Top 5 Token Gainers SUIP 24H +68.1% / $0.11363 FIO 24H +63.3% / $0.04586 SUIA 24H +45.9% / $0.06613 BOND 24H +44.4% / $2.152 ARK 24H +35.3% / $0.4513 🔥 Crypto 24H Hot News BingX Crypto Exchange Suffers $43 Million Hack, Plans Compensation The Singapore-based crypto exchange BingX suffered a security hack on its hot wallet, resulting in an estimated loss of $43 million in cryptocurrencies. Security analysts at PeckShield reported the incident, which BingX described as "minor" and manageable. The hack was detected on September 20 at around 4:00 a.m. Singapore time, leading to the immediate implementation of an emergency plan, including asset transfers and withdrawal suspensions. BingX’s chief product officer, Vivien Lin, stated that most assets are secure in cold wallets, with only a minor portion affected in the hot wallet. The exchange has also promised a compensation plan for affected users. BTC spot ETF total net inflow was $158.21M yesterday, with the net asset ratio reaching 4.64%. According to SoSoValue, as of September 19th (Eastern Time), Bitcoin spot ETFs experienced a total net inflow of $158.21M. Yesterday, Grayscale's ETF GBTC had a net outflow of $0.00 , bringing GBTC's total historical net outflow to $20.07B. Grayscale Bitcoin Mini Trust ETF BTC had a net inflow of $ 9.54M，bringing Grayscale Bitcoin Mini Trust ETF BTC's total historical net inflow to $394.79M. The Bitcoin spot ETF with the highest net inflow for the day was Ark Invest and 21Shares's ETF ARKB, with a daily net inflow of $81.07M, with ARKB's total historical net inflow reaching $2.43B. Following that, Fidelity's ETF FBTC had a daily net inflow of $49.88M, with FBTC's total historical net inflow reaching $9.75B. As of this writing, the total net asset value of Bitcoin spot ETFs stands at $57.82B, with the ETF net asset ratio (the market value relative to the total market value of Bitcoin) reaching 4.64%. The historical cumulative net inflow has reached $17.60B. Source: https://sosovalue.com/assets/etf The Ethereum Foundation sold 300 ETH in the past 15 minutes, equivalent to approximately 760 thousand US dollars. Foresight News: According to @ai_9684xtpa monitoring, the Ethereum Foundation sold 300 ETH in the past 15 minutes, worth approximately 760 thousand dollars, with an average selling price of 2543 dollars. A Bitcoin miner wallet dormant for 15.7 years has transferred 50 BTC. Wu learned that, according to Lookonchain monitoring, a Bitcoin miner wallet that has been dormant for 15.7 years has just woken up and transferred 50 BTC, worth approximately 3.05 million US dollars. This miner wallet acquired these 50 BTC through mining on January 30, 2009. Subsequently, another dormant Bitcoin miner wallet that has been inactive for 15.6 years transferred the proceeds of 50 BTC, worth approximately 3.19 million US dollars.

📣Thursday 09/19/2024, Macro Newsletter 📈Market Performance 📘US Markets are down - Dow Jones down 0.25%, Nasdaq down 0.31%, S&P 500 down 0.29%, Russell 2000 up 0.04%. - 2-year U.S. Treasury yield rose 2.3 bps to 3.630%, 10-year U.S. Treasury yield rose 6.2 bps to 3.710%. - U.S. Dollar Index down 0.08% to 101.0186, VIX up 3.52% to 18.23. Crude oil down 1.27%, trading at $72.08. 📘Chinese Concept Stocks are down - Nasdaq Golden Dragon China Index down 0.86%, Pinduoduo down 0.15%, Alibaba down 0.30%, JD.com flat, NetEase down 0.42%, Li Auto down 2.95%, Xpeng down 4.49%, Nio down 7.03%. 📘European markets are down - FTSE 100 down 0.68%, CAC 40 down 0.57%, DAX down 0.08%. - EUR/USD up 0.05% to 1.1119. 📘Asian and emerging markets are mostly mixed - Nikkei 225 up 0.49%, KOSPI closed, SENSEX 30 down 0.16%, JCI down 0.03%, VN Index up 0.47%, MXX up 0.59%. 📍📍Top Story 📘 Federal Reserve Cuts Rates by 50 Basis Points The Federal Reserve voted 11-1 to cut the federal funds rate by 50 bps to a target range of 4.75% to 5%, with Governor Michelle Bowman dissenting in favor of a 25 bps cut. - Statement Changes: The Fed remains committed to supporting full employment and expresses strong confidence in reaching its inflation target. They noted that risks to employment and inflation are now broadly balanced (previously described as approaching balance). Employment growth has slowed, inflation continues to show progress, though it remains elevated. - Dot Plot and Rate Projections: The dot plot was more hawkish than expected: 2 members expect no further cuts this year. 7 members expect a further 25 bps cut. 9 members expect an additional 50 bps cut. 1 member expects a 75 bps cut. Projections show the median rate for 2024 is 4.4%, and 3.4% for 2025, both down by 70 bps. The long-term neutral rate was raised to 2.9% from 2.8%. - Economic and Inflation Forecasts: Only 2024 GDP was revised down slightly, while unemployment and inflation forecasts were both adjusted: GDP for 2024 revised down to 2.0% (from 2.1%). Unemployment for 2024-2026 raised to 4.4%, 4.4%, and 4.3%. Inflation for 2024-2026 revised down to 2.3% and 2.1%. Powell's Remarks: Powell maintained a calm demeanor during the press conference, emphasizing that the 50 bps cut should not be interpreted as a permanent change in the pace of rate cuts. The Fed will evaluate data on a meeting-by-meeting basis and decide accordingly. He dismissed concerns that the 50 bps cut means the Fed is behind the curve, while reinforcing that the Fed is committed to avoiding such a situation. Powell also mentioned that the labor market had shown signs of weakness, which justified the aggressive rate cut. 📘U.S. House Republicans Fail to Pass Spending Bill, Shutdown Risk Looms House Republicans failed to pass a controversial spending bill, which includes provisions supported by former President Donald Trump, intensifying the risk of a government shutdown at the end of September. With the fiscal year ending on September 30, both parties face mounting pressure to pass a temporary funding bill to avoid disruption. 📅Key Event Reminders (GMT+8) - Bank of England Rate Decision ————————— Follow us on🔔 Website | X | Telegram | YouTube | Linkedin

SoSo Web3 Newsletter | Sep 17 🔐 Crypto Market Overview Total Market Cap - $2.14T / 24H -0.52% 24H Total Trading Volume - $72.90B / 24H -6.09% BTC Price - $58,950 / 24H +0.774% Market Cap - $1.16T / Dom 54.4% 24h Trading Volume - $29.20B / Dom +40.1% ETH Price - $2,306.2 / 24H +0.136% Market Cap - $277.53B / Dom 13% 24h Trading Volume - $12.99B / Dom +17.8% 📊 Bitcoin ETF Tracker | 2024-09-16 🟩 Daily Total Net Inflow +$12.90M 💰 Total Value Traded $1.10B 🏦 Total Net Assets $52.57B 📊 ETF Market Value Ratio 4.61% 🥇 Net Inflows/Outflows for Each ETF 🟩 IBIT +$15.82M 🟩 FBTC +$5.06M 🟩 EZBC +$5.04M 🟩 HODL +$4.91M 🟩 BTC +$2.82M ⬜️ ARKB $0 ⬜️ BTCO $0 ⬜️ BTCW $0 ⬜️ BRRR $0 ⬜️ BITB $0 ⬜️ DEFI $0 🟥 GBTC -$20.75M Note: Only data disclosed and updated by the ETF issuer is included.Real-time tracking of Bitcoin ETF data: https://sosovalue.com/assets/etf 🔥 Crypto Sector Tracker Top 3 📈 -GameFi +3.06% /Layer2 +2.58% /AI +1.16% Top 3 📉 -DePIN -1.22% /CeFi -1.1% /Meme -0.902% 📈 Top 5 Token Gainers FIGHT 24H +116% / $0.009285 BOND 24H +44.4% / $2.152 UXLINK 24H +35.5% / $0.5199 SCLP 24H +33.1% / $0.1948 WSI 24H +26.4% / $0.005737 🔥 Crypto 24H Hot News Donald Trump Launches World Liberty Financial's WLFI Token Amid Crypto Push Donald Trump-backed World Liberty Financial debuts plans to sell WLFI token Republican presidential candidate Donald Trump helped officially unveil World Liberty Financial, his highly-anticipated cryptocurrency project, on Monday night. Trump emphasized the future of crypto over traditional banking, noting his personal shift towards cryptocurrency influenced by his NFT projects. The WLFI token, a non-transferable governance token, will be sold primarily to accredited investors, with 63% of the tokens available to the public. The project, linked to Dough Finance and built on the Aave platform, aims to integrate DeFi benefits into mainstream finance, despite potential regulatory challenges highlighted by analysts. BTC spot ETF total net inflow was $12.90M yesterday, with the net asset ratio reaching 4.61%. According to SoSoValue, as of September 16th (Eastern Time), Bitcoin spot ETFs experienced a total net inflow of $12.90M. Yesterday, Grayscale's ETF GBTC had a net outflow of $20.75M, bringing GBTC's total historical net outflow to $20.06B. Grayscale Bitcoin Mini Trust ETF BTC had a net inflow of $ 2.82M，bringing Grayscale Bitcoin Mini Trust ETF BTC's total historical net inflow to $382.59M. The Bitcoin spot ETF with the highest net inflow for the day was BlackRock's ETF IBIT, with a daily net inflow of $15.82M, with IBIT's total historical net inflow reaching $20.92B. Following that, Fidelity's ETF FBTC had a daily net inflow of $5.06M, with FBTC's total historical net inflow reaching $9.65B. As of this writing, the total net asset value of Bitcoin spot ETFs stands at $52.57B, with the ETF net asset ratio (the market value relative to the total market value of Bitcoin) reaching 4.61%. The historical cumulative net inflow has reached $17.31B. Source: https://sosovalue.com/assets/etf Smart money profits again for the eighth time with a profit of 153 thousand US dollars in the ETH swing band. Foresight News: According to on-chain analyst @ai_9684xtpa, smart money in the ETH market has made profits for the eighth time, earning approximately 153 thousand US dollars. In the past 10 minutes, he liquidated 5690 ETH at an average price of 2303 US dollars, with a total value of around 13.10 million US dollars. Sui Ventures: Reached a partnership with Circle, will soon add support for USDC. Foresight News reported that Evan Chen, co-founder and CEO of Sui, announced on Twitter that Sui has partnered with Circle and will soon add support for USDC.

Fermah Raises $5.2 Million in Seed Funding Led by a16z CSX Fund and Lemniscap Fermah, a developer of a universal proof generation layer, has successfully raised $5.2 million in a seed funding round. The round was co-led by the a16z Crypto Startup Accelerator (CSX) fund and venture capital firm Lemniscap, with additional support from a variety of investors including Bankless Ventures, Longhash Ventures, and notable angel investors like Balaji Srinivasan. Fermah plans to use the funds to expand its team and enhance its product offerings, focusing on the marketplace for zero-knowledge (ZK) proof generation. Fermah's CEO, Vanishree Rao, highlighted the potential for a boom in ZK applications, indicating a significant development phase for the company. ————————— Follow us on🔔 Website | X | Telegram | YouTube | Linkedin

📣Tuesday 09/17/2024, Macro Newsletter 📈Market Performance 📘US Markets are mixed - Dow Jones up 0.55%, Nasdaq down 0.52%, S&P 500 up 0.13%, Russell 2000 up 0.31%. - 2-year U.S. Treasury yield fell 2.1 bps to 3.566%, 10-year yield fell 3.0 bps to 3.622%. - U.S. Dollar Index down 0.44% to 100.6625, VIX up 3.50% to 17.14. Crude oil rose 1.84% to $71.48. 📘Chinese Concept Stocks are down - Nasdaq Golden Dragon China Index down 0.58%. Pinduoduo up 2.33%, Alibaba down 1.25%, JD.com up 0.23%, NetEase down 0.70%, Li Auto down 0.37%, Xpeng down 0.56%, Nio down 2.61%. 📘European markets are mixed - FTSE 100 up 0.06%, CAC 40 down 0.21%, DAX down 0.35%. - EUR/USD up 0.52% to 1.1133. 📘Asian and emerging markets are mostly mixed - Nikkei 225 and KOSPI closed, SENSEX up 0.12%, VN Index down 0.99%, MXX closed. 📍📍Top Story 📘BlackRock Expects a 25 Basis Point Fed Rate Cut This Week BlackRock strategist Wei Li changed her stance on short-term U.S. Treasuries from overweight to underweight, predicting that aggressive market expectations for rate cuts are unlikely to materialize. Li downplayed market speculation that the Fed would be forced to cut rates sharply due to prolonged tightening. Instead, she stated that "the market may be overpricing the depth of the rate-cut cycle." 📘Goldman Sachs Weekly Strategy Outlook Goldman Sachs predicts a 25 bps rate cut at this week's Fed meeting, with two more cuts by the end of 2024 and four more in 2025. While many investors view the pace of rate cuts as the primary driver of future stock returns, Goldman argues that economic growth is the real key. Historically, in the five previous cycles where the Fed cut rates without a quick recession, the S&P 500 averaged gains of +6%, +9%, and +17% over 3, 6, and 12 months post-cut, primarily driven by earnings growth. Utilities have historically outperformed during these periods. However, given that large rate cuts are already priced in, this history may not fully apply to current conditions. 📘Putin Orders Russian Military Expansion Russian President Vladimir Putin signed a decree on September 16 to expand the size of Russia's military, increasing the number of active-duty soldiers to 1.5 million out of a total of 2.38 million armed forces personnel. The decree, set to take effect on December 1, mandates that the Russian government allocate the necessary budget for this military expansion. 📅Key Event Reminders (GMT+8) - 8:30 PM: U.S. August Retail Sales (Ex-auto and gasoline, expected +0.3% MoM, prior +0.4%). - 9:15 PM: U.S. August Industrial Production. ————————— Follow us on🔔 Website | X | Telegram | YouTube | Linkedin

DeFi project DeltaPrime is suspected to have been attacked, with an estimated total loss of approximately 4.50 million US dollars. Wu learned that according to Cyvers Alerts monitoring, ARB chain's DeFi project DeltaPrime appears to have been attacked, with the administrators seemingly losing their private keys. Suspicious addresses are continuously transferring assets. So far, the affected liquidity pools include DPUSDC, DPARB, DPBTCb, and the attacker has exchanged USDC for ETH. The estimated total loss is approximately 4.50 million dollars at present. The attack is ongoing, and the total loss may increase. Binance will list perpetual contracts for CATI and HMSTR against USDT. Foresight News: Binance will respectively list CATIUSDT and HMSTRUSDT perpetual contracts with a maximum leverage of 75x at 18:30 on September 20 and 20:30 on September 26. ————————— Follow us on🔔 Website | X | Telegram | YouTube | Linkedin

SoSo Web3 Newsletter | Sep 16 🔐 Crypto Market Overview Total Market Cap - $2.12T / 24H -4.49% 24H Total Trading Volume - $77.63B / 24H +88% BTC Price - $58,467 / 24H -2.86% Market Cap - $1.15T / Dom 54.5% 24h Trading Volume - $28.56B / Dom +36.8% ETH Price - $2,302.3 / 24H -4.49% Market Cap - $277.05B / Dom 13.1% 24h Trading Volume - $15.85B / Dom +20.4% 📊 Bitcoin ETF Tracker | 2024-09-13 🟩 Daily Total Net Inflow +$263.07M 💰 Total Value Traded $1.82B 🏦 Total Net Assets $54.31B 📊 ETF Market Value Ratio 4.59% 🥇 Net Inflows/Outflows for Each ETF 🟩 FBTC +$102.09M 🟩 ARKB +$99.27M 🟩 BITB +$43.06M 🟩 GBTC +$6.66M 🟩 EZBC +$5.21M 🟩 HODL +$5.08M 🟩 BRRR +$1.70M ⬜️ IBIT $0 ⬜️ BTCO $0 ⬜️ BTCW $0 ⬜️ DEFI $0 ⬜️ BTC $0 Note: Only data disclosed and updated by the ETF issuer is included.Real-time tracking of Bitcoin ETF data: https://sosovalue.com/assets/etf 🔥 Crypto Sector Tracker Top 3 📈 - Top 3 📉 -AI -6.27% /Layer2 -5.8% /GameFi -5.63% 📈 Top 5 Token Gainers YLD 24H +162% / $0.00495 BABYDOGE 24H +86.5% / $0.000000001999 BOND 24H +44.4% / $2.152 PET 24H +26.1% / $0.05041 NEIRO 24H +24.2% / $0.00426 🔥 Crypto 24H Hot News Binance will list Neiro (NEIRO), Turbo (TURBO), and Baby Doge Coin (100 trillion BABYDOGE) today. Wu learned that Binance will list Neiro (NEIRO), Turbo (TURBO), Baby Doge Coin (100 trillion BABYDOGE) at 18:00 today Beijing time and open the following trading pairs. New spot trading pairs: NEIRO/USDT, TURBO/USDT, 100 trillion BABYDOGE/USDT. Users can start depositing NEIRO, TURBO, 100 trillion BABYDOGE in one hour to prepare for trading. Withdrawals will be available at 18:00 on September 17th Beijing time. Deutsche Bank: The rate cut by the Federal Reserve this week will indicate the overall rate cut magnitude in 2024. Odaily Planet Daily News: Jim Reid, market strategist at Deutsche Bank, stated in a report that the magnitude of the first rate cut by the Federal Reserve will impact the overall rate cuts for the year. If the Fed cuts rates by 25 basis points on Wednesday, Deutsche Bank expects the Fed's projections to show a total of 75 basis points cut for the year. If the Fed chooses to cut rates by 50 basis points, they expect a total cut of 100 basis points by the end of the year. According to Refinitiv's data, it is still uncertain how much the Fed will cut rates this week. The money market predicts a 59% probability of a 50 basis points rate cut and a 41% probability of a 25 basis points cut. (FX168) Circle partners with Sony Block Solutions Labs, Soneium to integrate bridging with USDC standard. According to official sources, Circle has announced a strategic partnership with Sony Block Solutions Labs to drive innovation and creativity through decentralized technology on its Ethereum L2 network, Soneium. Through this initiative, Soneium will integrate the Bridged USDC Standard and establish Bridged USDC as one of the primary tokens for blockchain value exchange. With this integration, Soneium will unlock new opportunities for creators and users, enabling seamless, secure, and cross-border transactions, while fostering a global economy built on decentralized technology. The Bridged USDC Standard specifies the protocols and processes for deploying Bridged USDC on EVM-compatible blockchains. Acting as a proxy for native USDC on Ethereum, Bridged USDC allows developers building on L2 blockchains like Soneium to easily offer digital dollar payments for their applications. By following Circle's standard deployment process for Bridged USDC, Soneium retains the optionality to seamlessly upgrade to native issuance in the future.

📣Monday 09/17/2024, Macro Newsletter 📈Market Performance Market closed on weekend 📍📍Top Story 📘Analysis by "New Fed Whisperer" Nick Timiraos on Fed's Rate-Cut Dilemma In his article "The Fed’s Rate-Cut Dilemma: Start Big or Small?", Nick Timiraos outlines that a rate cut at next week’s Federal Reserve meeting is all but certain. However, there is uncertainty over the size of the cut, with market expectations evenly split between a 25 and 50 basis point cut. - Arguments for a 25-basis-point cut focus on the Fed’s traditional cautious approach of incremental changes. Timiraos notes that the Fed tends to move in 25-basis-point increments, allowing more time to assess the policy's impact without signaling excessive concern about the economy. Recent mixed economic data also supports a more measured approach, allowing the Fed to maintain clarity in communication. Additionally, a larger cut could create market panic or drive speculation of a faster rate-cut pace, complicating the Fed’s battle against inflation. Moreover, ahead of the election, a smaller cut would present fewer challenges for the Fed in terms of explanation. - Arguments for a 50-basis-point cut highlight the need for the Fed to preemptively address the risk of further economic slowdown. Given that real rates are now at their highest since the Fed began hiking, some officials argue for moving rates closer to neutral more aggressively. A larger cut could better support the labor market and prevent an unnecessarily tight monetary policy. Starting with a 50-basis-point cut might also help avoid the need for even larger cuts later if the Fed expects to reduce rates by a cumulative 100 basis points by year-end. 📘U.S. Increases Tariffs on Select Chinese Products The U.S. Trade Representative’s office announced higher tariffs on Chinese goods, effective September 27, targeting seven industries: steel and aluminum, semiconductors, electric vehicles, lithium-ion batteries, solar panels, port cranes, and medical products. Tariff increases include: Electric vehicles: 100% Solar panels: 50% Batteries, critical minerals, steel, aluminum, masks, and port cranes: 25% 📘FBI Thwarts Second Assassination Attempt on Trump On Sunday, an armed suspect attempted to assassinate Donald Trump at his golf course in West Palm Beach, Florida, but Trump was unharmed. According to the FBI, a gunman was discovered by Secret Service agents in bushes near the property line, armed with an AK-47-style rifle. The suspect, Ryan Wesley Rus, a 58-year-old man from Hawaii with prior arrests for minor offenses, was apprehended after fleeing the scene. 📅Key Event Reminders (GMT+8) - U.S. August Retail Data (Tuesday). - Fed Rate Decision & Economic Outlook (Thursday, 2 AM): includes the dot plot, rate, and economic projections. - Bank of Japan Rate Decision (Friday). - China September LPR Rate Announcement (Friday for 1-year and 5-year LPR). - Holidays: China (Monday & Tuesday) Hong Kong (Wednesday) Japan (Monday). ————————— Follow us on🔔 Website | X | Telegram | YouTube | Linkedin

The crypto project World Liberty Financial under the Trump family has appointed Sandy Peng, co-founder of Scroll, as an advisor. Wu learned that World Liberty Financial, a crypto project associated with Trump, announced that Sandy Peng, co-founder of Scroll, has officially joined the company's advisory team. Since 2013, Sandy has accumulated rich experience in the blockchain field. Her previous experiences include Cambridge University, the United Nations High Commissioner for Refugees (UNHCR), the Securities and Futures Commission (SFC), and cryptocurrency fund founder. ————————— Follow us on🔔 Website | X | Telegram | YouTube | Linkedin