1. Attention Value-Market Key Points
1. Market conditions
(1) Macro environment:
The S&P 500 rebound is broadly supported, not just by technology stocks
The recent S&P 500 rebound is not just dependent on a few standout tech stocks, but is supported by the broader market. After experiencing sharp volatility in early August caused by a weak jobs report and the unwinding of yen carry trades, the stock market has achieved a V-shaped reversal. Keith Lerner, chief market strategist at Truist Advisory Services, pointed out that the ratio of rising stocks to falling stocks has risen to 2 recently, a phenomenon known as a "breadth surge" that usually predicts positive market performance in the next six to twelve months.
Although the S&P 500 and Nasdaq Composite Index experienced a slight correction this week after last week's strong rebound, the Dow Jones Industrial Average is still trading near its all-time high, showing the market's resilience. In addition, Fed Chairman Powell's speech also mentioned that inflation is no longer a major threat, suggesting that interest rate cuts may be in the future, which further boosted market confidence.
(2) Web3 field:
Anthropic CEO believes AI will be used for business optimization rather than robot uprisings
Dario Amodei, CEO of artificial intelligence company Anthropic, said that future AI development may focus more on optimizing corporate structures rather than robot uprisings. In a recent interview with the Econ 102 podcast, Amodei discussed the many uses of AI, including military applications and the possibility of human workers being replaced by more efficient machines. He mentioned that the company's goal is to develop an efficient hierarchical structure through a network of AI models to complete tasks, envisioning a group of AI that can be networked and perform specific tasks.
Amodei explained that larger models will be able to create hundreds of smaller, faster and more efficient models to perform various tasks. He used the analogy of worker bees supporting the queen ant to illustrate this point, and this design sounds similar to typical enterprise infrastructure. Amodei pointed out that the advantage of this structure is that end users can easily access the specific functions they need through a simple user interface.
2. Hot events
(1) Macro environment:
Amazon hires Covariant’s founding team to promote innovation in robotics AI technology
Amazon (AMZN) announced late Friday that it has hired Covariant founders Pieter Abbeel, Peter Chen and Rocky Duan, as well as about a quarter of the startup's employees, and signed a non-exclusive license to use Covariant's robotics base model. Covariant is building a large artificial intelligence model for robotic language, with a focus on robotic arms performing common tasks in warehouses, such as box picking. Joseph Quinlivan, Amazon's vice president of logistics technology and robotics, said the collaboration will advance basic research and embed Covariant's artificial intelligence technology into the existing robotics fleet, improving its performance and creating value for customers. The deal is similar to how Amazon hired the founder of artificial intelligence startup Adept in June, showing that tech giants are using hiring and licensing agreements to acquire new talent and technology in the face of antitrust scrutiny.
Covariant will continue to operate under the leadership of Ted Stinson and Tianhao Zhang, with Stinson, now CEO, saying the company remains committed to bringing Covariant Brain to production environments across a variety of industries, including apparel, health and beauty, grocery and pharmaceuticals.
(2) Web3 field:
Polymarket transaction volume exceeded US$460 million, surpassing the total NFT on the chain
According to data from The Block and CryptoSlam, Polymarket's trading volume in the past month exceeded the total trading volume of all on-chain NFTs: NFT's trading volume in the past 30 days was only $377 million, while Polymarket's trading volume has reached $463 million. As the 2024 presidential election approaches, the number of active traders on Polymarket has steadily increased since May.
Currently, the prediction market shows that Trump leads Harris by a narrow margin of 50% to 48% in terms of the probability of winning the 2024 presidential election. The current bet size related to the event is close to $770 million. This reflects that Polymarket, as a leading prediction market platform, is attracting more and more participants by providing an environment for users to trade on topics that have not yet been determined.
3. Hot topic narrative
Since EigenLayer triggered the Ethereum re-staking craze, the concept of "re-staking" in the blockchain ecosystem has gradually expanded to platforms such as Solana and Bitcoin. Behind this trend, it reflects the growing demand for deeper exploration and application of blockchain technology. Bitcoin, as a giant in the blockchain economy, has a market value of over one trillion US dollars, and the ecosystem surrounding its staking and re-staking is also accelerating, giving rise to new business models and investment opportunities.
In this context, the Bitcoin re-staking platform SatLayer came into being. Recently, the platform successfully completed a $8 million Pre-Seed round of financing, attracting the attention of well-known investment institutions such as Hack VC and Castle Island Ventures.
SatLayer is unique in that it is a Bitcoin re-staking platform built on Babylon, allowing Bitcoin stakers to use BTC for verification services, thereby providing security for decentralized applications and protocols. Unlike Ethereum's EigenLayer, SatLayer focuses on the characteristics of the Bitcoin ecosystem and uses Bitcoin's security to enhance the reliability of other decentralized applications. This innovative architectural design enables multiple participants such as re-stakers, operators, and Bitcoin Verification Services (BSV) to work together in a relatively simple ecosystem.
SatLayer not only provides additional income opportunities for staked BTC, but also enhances the security of BSV and potentially expands its functionality. Users can participate in the re-staking process and receive rewards simply by depositing liquid staking tokens.
However, SatLayer's success is not accidental. Its rise is inseparable from the overall development of the Bitcoin ecosystem. With the continuous expansion of Bitcoin technology solutions and the introduction of various Layer 2 solutions, Bitcoin has become not only a means of storing value, but also a basic asset for decentralized finance (DeFi) and other applications. This transformation provides SatLayer with a broad market space and development opportunities.
Although SatLayer has not yet confirmed whether it will launch a token, its operations team said it will continue to work on introducing its technology into production environments across a variety of industries. As the market's acceptance of the re-staking mechanism increases, SatLayer may play an increasingly important role in the Bitcoin ecosystem, driving innovation and development across the industry.
4. Potential Catalysts
CryptoQuant analyst Grizzly pointed out that historical data from the past decade shows that the range between 0.6 and 0.8 of the Bitcoin Puell Multiple Index is called the "Decision Zone."
When the index falls below the 0.6 threshold, it is often seen as an ideal time to enter a dollar cost averaging (DCA) strategy. Conversely, a break above the 0.8 level tends to be associated with bullish market behavior and often pushes Bitcoin prices to new all-time highs.
Currently, the S&P Multi-index is fluctuating between these two critical levels. If the historical pattern remains valid, a bearish scenario in which the index drops below 0.6 could again present a favorable buying opportunity for investors.
2. Attention Value-Hot Projects
1. Social media hot spots
Solana has received widespread attention on social media platforms recently, and its popularity continues to rise. The Solana ecosystem has developed rapidly in recent years and has become one of the main players in the cryptocurrency market. As of 2024, Solana's TVL reached approximately US$4.8 billion, a 20-fold increase from 2023. The average daily active addresses of the Solana network reached 1.3 million, and the monthly active addresses exceeded 15.6 million, a significant increase from 2023. In the second quarter, Solana's total economic value increased by 53% month-on-month to US$151 million, showing its continued activity in the cryptocurrency market. These data show that the Solana ecosystem showed strong growth momentum in 2024, attracting more attention from developers and investors.
Key projects:
· BULLISH
Bullish is about to release mainnet, which may have a positive impact on the price. Recently, KOLs have been discussing its future development. Bullish is expected to surge with the upcoming major update, and the market sentiment is relatively positive.
EARLY
The most noteworthy thing about Early Risers is the upcoming Rocket Rewards program. Recently, everyone is optimistic about Early Risers and the market sentiment is optimistic. The most noteworthy point is that Early Risers allows investors to participate early and obtain transaction fee income. This plan solves the pain points of early cryptocurrency investment.
2. Smart money builds a position
Smart money holdings
Source: ChainEDGE, Dot Labs
Project Introduction:
1. YIELD (@yieldstone /X)
Yieldstone is an on-chain alternative asset manager. It has created the first-of-its-kind Real Estate Investment DAO (REID). YieldStone leverages blockchain technology to provide access to sophisticated real estate investment tools. Operating as a DAO, it combines the best qualities of two lucrative models: Real Estate Investment Trusts (REITs) and Private Equity Real Estate (PERE) funds, bringing them on-chain for the first time. Strategically acquiring a globally diversified real estate portfolio through the DAO improves the predictability of returns.
2. SYNK (@Synk_ws/X)
SYNK is a secure, Web3 cloud-based operating system that is in its early stages. Synk operates similarly to traditional operating systems such as Windows, Ubuntu, Chrome OS, and Android, but it is unique in its functionality. This configuration allows for secure access anywhere, anytime, leveraging decentralized technology to maximize security and user autonomy. Synk provides the most secure working environment. Every application accessed through Synk is rigorously verified, making it similar to a digital vault that also facilitates interaction with a variety of applications, creating a secure but adaptable ecosystem.
Smart money flows in
Source: ChainEDGE, Dot Labs
Project Introduction:
1. CAT (@SimonsCatMeme /X)
$CAT is a game token based on BNB Wisdom Chain, mainly used in Simon's Cat game ecosystem. Its project advocates "one cat, billions of owners", and proposes that every transaction provides food for hungry cats around the world. On August 26 this year, the Meme coin Simon's Cat (CAT) team stated on its social platform that it had completed the liquidity lock of CAT tokens worth $15 million. This lock uses the Floki FiLocker protocol, and the lock period is set at 69 billion years and 420 million years. The most noteworthy thing about Simon's Cat recently is that CZ is about to return to the BSC chain, which will drive the activity on the BSC chain.
2. CLOUD (@sanctumso /X)
Infinity is a multi-LST liquidity pool and is the only liquidity pool that can natively support millions of different LSTs. Since all LSTs can be converted into a stake account, the fair price of each LST can be calculated by looking at the SOL contained in the stake account. Infinity will set a target allocation for each LST, aiming to maximize trading returns while providing a minimum for each LST. The pool maintains its target allocation by dynamically adjusting the swap fee for each LST. INF itself is an LST, so it can be used directly by DeFi protocols. There is no limit to the number of LSTs that Infinity can support, which explains its name.
3. Attention Value-Sector Rotation
1. Hot topics
Source: Dune, Dot Labs
Source: Dune, Dot Labs
2. Inside the plate
Source: Dune, Dot Labs
