I. Attention Value - Market Highlights
1. Market Trends
(1) Macro Environment:
l The possibility of a Solana ETF listing in the US by 2025 is underestimated, according to VanEck's research head, who says the probability will exceed 77%
The crypto prediction platform Polymarket previously stated that the likelihood of a Solana ETF listing in the US by 2025 was around 77%. However, VanEck's research head Matthew Sigel believes this forecast is underestimated. He pointed out that in June 2024, VanEck and its competitor 21Shares will apply to the US regulators for the listing of a spot Solana ETF. Sigel had previously stated in November last year, after Trump's victory in the US presidential election, that the chances of approving a SOL ETF by 2025 are very high. As the market's focus on crypto ETFs continues to grow, Polymarket's prediction shows that the likelihood of a Solana ETF being approved has now risen to 86%. This optimistic attitude reflects the industry's expectation for the listing of more crypto asset ETFs, especially in the context of Trump's support for cryptocurrencies. For a Solana ETF to successfully list, it will need to adopt a "grantor trust" structure similar to Bitcoin and Ethereum ETFs, and avoid being classified as a security to avoid stricter regulatory requirements.
(2) Web3 Domain:
l Delphi researcher Robbie Petersen releases 2025 crypto market forecast, predicting DePIN market cap will grow five-fold
Delphi researcher Robbie Petersen published a forecast for the cryptocurrency market in 2025 on the X platform, stating that as the MEV supply chain matures, exchanges and validators will face fiercer competition, but the front-end will maintain its monopoly position. Additionally, he expects the total market cap of DePIN to grow five-fold by 2025, while the application of crypto payment infrastructure in proxy trading will be limited, and traditional payment channels will continue to exist. The role of stablecoins will also change, no longer just being the lubricant of DeFi, but becoming a real medium of exchange, with the expectation that the number of active stablecoin addresses will exceed 50 million by 2025, leading to a multi-faceted market warming. Meanwhile, the boundaries between wallets and applications will become blurred, and the importance of generic L2s will gradually diminish in the practical application of chain abstraction at the wallet layer.
2. Hot Events
(1) Macro Environment:
l Musk sparks crypto tax controversy, CumRocket token surges 124% briefly
Musk posted a controversy on his social media platform about the tax issue of crypto transactions. He mentioned a client's case where the client purchased CumRocket tokens for $7,000 and staked them for 3 months, earning up to 6,900% in returns. However, when the client sold and withdrew the profits to invest in the NFTitties project, they encountered a "rug pull" by the developers and were only able to liquidate 10% of their funds. Musk inquired whether the client could deduct the gas fees incurred in the minting process to offset the short-term capital gains tax. This statement quickly sparked a market reaction, with the CumRocket token (CUMMIES) briefly surging 124%. CumRocket is a blockchain project aiming to reform the adult content industry through its native cryptocurrency CUMMIES, launched in April 2021.
(2) Web3 Domain:
l Ethereum charity fund Endaoment sets a new record, selling 3,690 ETH for $124.7 million
The Ethereum charity fund Endaoment recently sold 3,690 ETH, generating $124.7 million in revenue. This was the fund's first sale in the past 10 months and its largest transaction to date. The ETH sold came from an investor who participated in Ethereum's ICO in July 2015, who received 100,000 ETH in the Genesis Block. To date, this investor has sold 14,990 ETH at an average price of $2,409, with 13,190 ETH sold through Endaoment. The investor currently holds 85,000 ETH in two wallets, with a market value of approximately $293.8 million. This transaction has sparked market attention on Ethereum.
3. Hot Narratives
l The rise of AIXBT attracts market attention, CookieDAO and $COOKIE have great potential
Here is the English translation of the text, with the specified terms translated as requested: As has emerged as a leading AI agent in the crypto Twitter space, its market capitalization has reached $600 million in just a few months. This has prompted a deep analysis of its core competitive advantages, particularly the impact of its data aggregation technology. Meanwhile, , the leading data aggregation and packaging infrastructure provider, and its token <$COOKIE> have also attracted attention. As the demand from human and AI users for increases, the value of data aggregation is significantly increasing. 's success is due to its unique model and powerful data crawling capabilities, which allow it to analyze data from multiple information streams in real-time and generate effective market insights. In contrast, provides support for AI agents by aggregating data sources, helping them compete in the market. Although 's market capitalization is only $32 million, its potential is considered enormous, especially in the context of the rapidly evolving AI agent economy. As continues to introduce new features and incentive mechanisms, the value of its token <$COOKIE> is expected to rise further, attracting more users to participate. is an open-source AI agent and machine learning model platform, an upgraded version of the framework. The platform integrates the blockchain and vector database, and provides continuous integration and continuous delivery (CI/CD) support for and , allowing users to develop and deploy applications more efficiently using modern cloud-native technologies. <@wedtm> issued the coin, and he is a doxxed developer. The market capitalization has briefly surpassed $70 million, reaching a new all-time high, with a 24-hour price increase of 208%.
