Bitget Daily Digest | AI-Pool project launched; Grayscale opens private placement for 22 cryptocurrency trust products (December 25)
Market highlights
1. Bitcoin surged close to $100,000 during the Christmas season. AI-related memecoins such as $FARTCOIN, $AI16Z, and $TURBO, along with AI-driven agents, demonstrated significant wealth potentials. Bitget's native token, $BGB, surpassed $5, becoming the focal point of platform token discussions.
2. The ai16zDAO initiated a presale for the AI-Pool project, focused on an AI-agent-managed "FundFi." Despite raising over 36,000 SOL, the project's social media accounts were frozen, igniting market-wide debates. The founder of ai16z later clarified in a retweet that the AI-Pool project has officially launched, while Skely continues efforts to recover the X account.
3. Eliza and the founder of ai16z introduced Spore.fun, an experimental autonomous AI evolution platform, driving speculation around $SPORE. Over the past seven days, Base network saw net inflows of $137.3 million, surpassing Solana's $120 million. Meanwhile, AI-themed tokens like $AIXBT and $GAME continued their upward momentum on Base .
4. Grayscale tokens $ZEN and $LPT experienced sharp gains following the private placement launch for 22 cryptocurrency trusts. Su Zhu revealed on social media that he opened long positions at $29 for $HYPE and $195 for $SOL. Notably, top trader Eugene revisited a $60 million long on SOL, which led to his largest single-account loss, fueling discussions across social media.
Market overview
1. Bitcoin briefly reclaimed the $100,000 level, with trading activity primarily concentrated on established tokens like $XRP, $SOL, and $DOGE. AI-themed memecoins like $SHOGGOTH also stole the spotlight.
2. Blue-chip tech stocks drove U.S. markets upward before Christmas, with the S&P 500 and Nasdaq each gaining over 1%. Tesla outperformed, surging by 7% .
3. Currently standing at 98,567 USDT, Bitcoin is in a potential liquidation zone. A 1000-point drop to around 97,567 USDT could trigger over $271 million in cumulative long-position liquidations. Conversely, a rise to 99,567 USDT could lead to more than $171 million in cumulative short-position liquidations. With long liquidation volumes far surpassing short positions, it's advisable to manage leverage carefully to avoid large-scale liquidations.
4. Over the last 24 hours, BTC spot saw $24.2 billion in inflows and $23.4 billion in outflows, resulting in a net inflow of $800 million.
5. Over the past 24 hours, tokens like $BTC, $UXLINK, $PENGU, $BAT, and $ZEN have led in net inflows in futures trading, signaling potential trading opportunities .
Highlights on X
1. mcSleuth: Base is the go-to for AI projects, and VIRTUALS proves it again
Base and Solana's AI projects present a stark contrast. On Solana, $GOAT, dubbed the token that kickstarted the "AI agents" narrative, once hit a market cap of $1.3 billion but has since dwindled to just $550 million. Even its derivative token, $FARTCOIN, now boasts a market cap 36% higher than $GOAT. Meanwhile, top-tier VC-backed $GRASS, which peaked at $880 million, has fallen to $600 million. In contrast, Base's $VIRTUALS not only boasts ample circulating market cap but also superior liquidity compared to Solana's offerings. Its spinoff token, $GAME, now commands 50% of $GOAT's market cap. The performance and potential of Base-based projects far outshine those on Solana, reaffirming that Base is the superior choice for launching AI projects.
X post: https://x.com/0xSleuth_/status/1871406616744239113
2. @thecryptoskanda : Potential and risks of $PHA and $SPORE in AI split-game
$SPORE is an AI-driven split-game project leveraging automated fission to generate new rounds, supported by $PHA for computing power. This model incorporates a Forsage-like mutual assistance logic, attracting funds while filtering quality rounds, creating a "lottery-style" investment logic. Key innovations include automated round creation and unlimited fission mechanisms. However, significant risks remain, such as excessive split rates and a capped market cap for $SPORE.
X post: https://x.com/thecryptoskanda/status/1871488218962829341
3. Rui: From ENA to Xterio – A new logic for market resurgence
The crypto market is undergoing a dramatic transformation in its playbook. The previous cycle, driven by TVL metrics and large VC consensus pricing, has collapsed entirely. Projects like ENA, once hailed as "chosen ones," are now difficult to replicate. In this new cycle, underdog developers and small teams are carving out space through steady accumulation and resource optimization. Hype and Virtual exemplify this, leveraging extended development cycles and effective team allocation mechanisms to thrive.
X post: https://x.com/YeruiZhang/status/1871584614005055927
4. Huahua: Positioning for the new cycle – Grayscale, SEC, and the Trump family sector
Current market strategies focus on long positions in U.S. new government-related sectors and fully-liquid, low-cap, high-concept tokens. Key holdings include Grayscale tokens ($ZEN, $LPT), SEC-related beneficiaries ($RSR, $DYDX, $ZRX), and upcoming allocations in the Trump family sector ($ONDO, $ENA, $LINK). Light positions are maintained in payment tokens ($XRP, $ALGO, $XLM, $HBAR, $ADA), while mid-level positions focus on Musk-favored $DOGE. Overall, the approach revolves around policy expectations and concept-driven opportunities, gradually building positions in promising assets.
X post: https://x.com/huahuayjy/status/1871564453864694022
Institutional insights
1.DeFiance Capital: Institutional funds could drive AAVE's price to cycle highs.
Article: https://x.com/Arthur_0x/status/1871395582662836388
2.Matrixport: After Bitcoin's 40% rally, the $90,000–$95,000 range may present an ideal pullback opportunity.
Article: https://x.com/Matrixport_CN/status/1871452631224480238
3.CoinGecko: The Top three crypto narratives for 2024 are memecoins, AI, and RWA.
Article: https://www.coingecko.com/research/publications/most-popular-crypto-narratives
News updates
1. The Bank of Italy has categorized Bitcoin P2P services as "crime-as-a-service."
2. Argentina has requested Tether to freeze 3.5 million USDT associated with Rainbowex.
3. Russia has imposed a six-year ban on crypto mining in 10 regions.
4. South Korea's acting president has announced a tax law amendment, delaying crypto asset taxation by two years.
Project updates
1. REVOX announces the conclusion of its S1 airdrop and introduces a "Stake to AI" tokenomics model.
2. Phala Network founder states that two platform tokens have been airdropped to holders of the autonomous AI evolution platform Spore.fun.
3. Pump Science plans to distribute bAInance airdrops to RIF and URO holders.
4. IOTA launches a sustainable tokenomics model with an annual inflation rate of 6%.
5. Sonic Labs promotes a new tokenomics model on Fantom, including an airdrop of 200 million S tokens.
6. DefiLlama releases an airdrop aggregation tool with eligibility checkers.
7. Sonic Labs proposes an upgrade to S tokenomics through four governance proposals, incorporating multiple burn mechanisms to cap supply.
8. TRON's total account numbers have surpassed 280 million.
9. Grayscale opens private placement subscriptions for 22 cryptocurrency trust products.
10. Murad reports that PEPE holders with positions exceeding $1000 rank highest among all meme token communities.
Token unlocks
EigenLayer ($EIGEN): Unlocking 1.29 million tokens valued at $4.80 million, accounting for 0.6% of the circulating supply.
Ethena ($ENA): Unlocking 12.91 million tokens valued at $13.04 million, accounting for 0.4% of the circulating supply.
Recommended reads
AI agent year in review and outlook: From breakthroughs to ecosystem growth
2025 is expected to not only continue the trajectory of existing technological advancements but also mark the dawn of a new era for AI agents, signaling the rise of a flourishing intelligent ecosystem.
Read the full article here: https://www.bitgetapps.com/zh-CN/news/detail/12560604445682
2024 crypto year in review: Airdrops, memecoins, and AI
"Trends" form the underlying theme of 2024's keywords. These keywords encapsulate the core developments of the crypto industry this year and point the way for future market opportunities. Understanding these annual keywords can provide deeper insights into the industry and help identify emerging opportunities.
Read the full article here: https://www.bitgetapps.com/zh-CN/news/detail/12560604445955
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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