Headlines
▌a16z Founder: a16z Has No Relationship with ai16z
ai16z founder Shaw posted on the X platform that ai16z has no relationship with a16z. In addition, Shaw also stated that AI agents have basically replaced websites in the social media era, which is essentially a value proposition.
▌Total Stablecoin Market Cap Grew 0.45% in the Past Week
According to defillama data, the total stablecoin market cap grew 0.45% in the past week, currently standing at $206.21 billion. Among them, the total market cap of USDT decreased by 1.41% to $137.56 billion, with a market share of 66.71%.
Market
As of the time of writing, according to Coingecko data:
BTC's latest trading price is $98,266.00, with a daily change of +0.4%;
ETH's latest trading price is $3,646.87, with a daily change of +1.6%;
BNB's latest trading price is $711.97, with a daily change of -0.6%;
SOL's latest trading price is $216.85, with a daily change of +0.2%;
DOGE's latest trading price is $0.3932, with a daily change of +3.3%;
XPR's latest trading price is $2.44, with a daily change of +1.1%.
Policy
▌U.S. Senate to Enter "Confirmation Battle" for Trump Cabinet
U.S. President-elect Trump has announced the latest nominations for three positions in the new government, including former Fox News senior writer Tammy Bruce as State Department spokesperson. Since winning the U.S. presidential election in November 2024, Trump has gradually announced his cabinet appointments, and the list of important personnel has been released. Next, this long list awaits confirmation by the Senate. The U.S. Constitution stipulates that the President's appointments of major government officials, foreign ambassadors, and other senior officials require Senate approval to be finalized. As Trump embarks on his second presidential term, over 1,300 official appointments will need to be approved by the Senate.
▌Chilean Lawmakers Considering Legislation on Strategic Bitcoin Reserves
According to Simply Bitcoin, Chilean lawmakers Gael Yeomans and Juan Santana are considering legislation on strategic Bitcoin reserves.
Blockchain Applications
▌Moonshot Launches ELIZA, OIIAOIIA, and LMT
According to monitoring, Moonshot has launched the AI-themed token ELIZA, with a current market cap of $112 million. In addition, Moonshot has launched OIIAOIIA, with a market cap of $22.88 million, and LMT, with a market cap of $153 million. Moonshot is an app on the App Store that allows direct purchase and sale of Memecoins using fiat currency, deployed on Solana.
Cryptocurrencies
▌Phantom: No Plans to Launch a Token
The Phantom crypto wallet project officially posted on social media that Phantom's goal is to significantly improve the way users find new tokens and applications. The team has seen some speculation about airdrops related to this feature, so they clarify that Phantom has no plans to launch a token.
▌U.S. Spot Ethereum ETF Sees $38.1 Million Net Outflow This Week
According to Farside Investors, the U.S. spot Ethereum ETF saw a net outflow of $38.1 million this week.
▌FAI Breaks Above $0.065, 24-Hour Gain Reaches 21.6%
The market shows that the AI-themed token FAI on the Base chain has broken above $0.065, currently trading at $0.06404, with a 24-hour gain of 21.6%. The market is highly volatile, so please manage your risks accordingly. Note: The AI gaming project Freysa AI (FAI) interacts with players through a chat interface, and players only need to persuade the agent Freysa to hand over the cryptocurrencies under its control. Freysa will charge an exponentially increasing fee for each interaction. The fee for sending the first message is $10, and the fee for each subsequent message will grow exponentially at a rate of 0.78% (capped at $4,500), priced in ETH on the Base blockchain.
▌JPMorgan: "Devaluation Trade" Will Continue as Bitcoin and Gold Gain Structural Importance
In a report on Friday, JPMorgan analysts led by Nikolaos Panigirtzoglou stated that "the sharp rise in gold prices over the past year has far exceeded the moves implied by changes in the US dollar and real bond yields, likely reflecting the re-emergence of this 'devaluation trade'," and they added that the record capital inflows into the crypto market in 2024 indicate that Bitcoin is also becoming a "more important component of investors' portfolios." The devaluation trade refers to investors turning to assets like gold and Bitcoin to hedge against the devaluation of fiat currencies, often driven by factors such as inflation, rising government debt, and geopolitical instability.
Important Economic Dynamics
▌Today's Fear and Greed Index Drops to 72, Still in the Greed Zone
Today's Fear and Greed Index has dropped to 72 (yesterday was 73), still in the Greed zone. Note: The Fear Index range is 0-100, comprising indicators such as volatility (25%), market trading volume (25%), social media sentiment (15%), market surveys (15%), Bitcoin's dominance in the overall market (10%), and Google trends analysis (10%).
