I. Attention Value - Market Highlights
1. Market Trends
(1) Macroeconomic Environment:
l Franklin Templeton Outlook for the Crypto Industry in 2025: Transition from Speculation to Utility
Franklin Templeton Digital Assets released its outlook for the crypto industry in 2025, emphasizing that as the underlying technology of cryptocurrencies matures, the industry will transition from speculation to utility. The outlook points out that key factors include regulatory clarity, institutional adoption, and technological progress. The U.S. Securities and Exchange Commission (SEC) is expected to drive the diversification of financial products related to cryptocurrencies, helping the U.S. regain its position as the global center of crypto innovation. Meanwhile, the U.S. will introduce a stablecoin regulatory framework, paving the way for major financial institutions to issue their own stablecoins. Bitcoin will further consolidate its position as a digital store of value asset, and some countries may increase their strategic reserves. In addition, as industries seek efficient decentralized solutions, the demand for decentralized physical infrastructure networks (DePIN) will rise. The integration of artificial intelligence and cryptocurrencies will also accelerate, with blockchain technology providing transparency and verification for the AI economy. Overall, 2025 will be a crucial turning point for the crypto industry, and stakeholders need to pay attention to these dynamic changes.
(2) Web3 Domain:
l San Francisco Fed President Daly: Cryptocurrencies Should Be Viewed as a Distinct Asset Class, Not Yet Ready to Become "Money"
In a podcast on December 31st, San Francisco Fed President Daly stated that cryptocurrencies should be viewed as a distinct asset class, rather than being equated with gold. She pointed out that the complexity of cryptocurrencies means they are not yet ready to become "money". Daly emphasized that understanding the true meaning of cryptocurrencies is crucial, and mentioned that they can serve as a form of currency, medium of exchange, or asset, but these definitions need to be clarified. She further noted that while cryptocurrencies sometimes exhibit characteristics similar to gold, they are not equivalent to gold. Daly agreed with Federal Reserve Chair Powell's view that cryptocurrencies currently lack the necessary attributes to function as money.
2. Hot Events
(1) Macroeconomic Environment:
l Judge Delays CFTC vs. Gemini Trial to January 21, Potentially Impacting the Future of the Crypto Industry
New York District Court Judge Alvin Hellerstein has decided to postpone the civil case between the U.S. Commodity Futures Trading Commission (CFTC) and Gemini Trust Company to January 21, 2024, from the original trial date of January 13. The case stems from the CFTC's 2022 allegations that Gemini provided false or misleading statements to the CFTC when applying to offer Bitcoin futures contracts in 2017. The new trial date will coincide with the inauguration of a new U.S. president, which could influence the CFTC's stance towards Gemini and other crypto companies. The court stated that unless there are exceptional circumstances, no further delays will be granted.
(2) Web3 Domain:
l Brian Armstrong: ResearchHub Community Sees Significant Growth, to Focus on Improving Academic Publishing and Fundraising in 2025
On December 31st, Coinbase CEO Brian Armstrong posted on social media that the ResearchHub community has seen significant growth over the past year. He mentioned that it is exciting to see some of the ideas conceived a few years ago finally starting to take shape. Looking ahead to 2025 and beyond, Armstrong emphasized that there is still much work to be done, including improving academic publishing (reducing the publication cycle of ResearchHub journals), optimizing peer review (providing compensation for reviewers), fundraising, and promoting the replication of research findings (introducing prediction markets).
3. Hot Narratives
l AI Meme Tokens Surge: ai16z and ELIZA Hit Historic Highs, Sparking Trademark Disputes
On December 31st, AI Meme tokens generally rose, with ai16z and ELIZA both reaching new all-time highs. ai16z surged 35.6% in 24 hours, reaching a market cap of $1.86 billion, while ELIZA's gain was even more significant at 56.4%. The AI agent projects have attracted widespread attention, with ai16z announcing on social media that ElizaV2 is in early development, aiming to improve the architecture, enhance scalability, and optimize plugin management. The team stated that V1 will remain stable, focusing on pull requests, documentation, and bug fixes, and advised developers to continue building on V1 until the testing plan for V2 is announced. Additionally, Dragonfly's managing partner Haseeb Qureshi raised the question on social media of whether ai16z's market cap infringes on a16z's trademark. He pointed out that ai16z initially seemed to be a parody project, but has now become more legitimate with a positive development roadmap. He also mentioned that "it's hard to become a $1 billion token without commercial intent".
II. Attention Value - Hot Projects
1. Project Introduction
l $dGPU | AI Agent | @dantegpu
- ANTE-GPU is a Solana-based AI agent and marketplace platform that aims to intelligently recommend the optimal AI models and GPU combinations based on users' project requirements.
- The platform provides real-time availability checks, budget and performance customization recommendations, and supports flexible billing, helping users optimize their projects to achieve the best performance at the most reasonable cost.
- ANTE-GPU can solve the problems of low utilization rate, high cost, and limited access rights of traditional GPU resources.
Three, Attention Value-Sector Rotation
1. Hot Sectors
Source: Dune, Dot Labs
Source: Dune, Dot Labs
2. Sector Rotation
Source: Dune, Dot Labs
