I. Attention Value - Market Highlights
1. Market Trends
(1) Macroeconomic Environment:
l Grayscale executives predict multiple small-scale breakthroughs in the crypto industry by 2025
Grayscale Research Managing Director Zach Pandl stated that with the approval of a spot ETF in 2024 and the election of Trump, the crypto industry will see more small-scale breakthroughs in 2025. These breakthroughs include increased institutional adoption, more comprehensive legislative frameworks from Congress, and the potential for Bitcoin to become a reserve asset in the US. In a conversation with Ric Edelman, founder of the Digital Assets Council of Financial Professionals, Pandl mentioned that it is "not entirely impossible" for Bitcoin to reach $500,000 by 2030. He noted that pension funds and endowments that have been cautious about cryptocurrencies in the past decade are now actively engaging with the space, with some portfolio managers already allocating up to 5% to crypto assets, and more institutional approval processes are expected to be completed within 6-12 months. Additionally, Pandl expects sovereign wealth funds outside the US to increase their investments in crypto assets in the coming months. He is particularly optimistic about the institutional adoption prospects of Ethereum, calling it "one of the most important open-source software projects." In the private fund space, Decentralized Finance (DeFi), tokenization of physical assets, and AI tokens may also attract institutional attention.
(2) Web3 Sector:
l Crypto market rises due to lower-than-expected CPI data and Trump news, investors remain cautiously optimistic
Presto Research analyst Min Jung noted that the crypto market's rise was primarily driven by lower-than-expected CPI data, which temporarily alleviated inflation concerns. The December core CPI data was 3.2%, lower than the market expectation and the 3.3% level in November. Additionally, news related to Trump played a significant role, including his plan to list cryptocurrencies as a "national priority" and his openness to supporting the establishment of a US-based cryptocurrency reserve. Min Jung stated that the market overall maintains a cautiously optimistic attitude, with macroeconomic concerns still focused on inflation. While the lower CPI data provided temporary relief, investors are closely monitoring any signals that could indicate persistent inflationary pressures. He predicted that further news about Trump potentially establishing a national Bitcoin reserve could exacerbate market volatility in the short term.
2. Hot Events
(1) Macroeconomic Environment:
l SEC General Counsel Megan Barbero to depart on Inauguration Day, joining the exodus of crypto industry executives
Megan Barbero, the Chief Legal Officer and General Counsel of the US Securities and Exchange Commission (SEC), will depart next week, joining the exodus of senior officials who have been involved in legal battles with the crypto industry in recent years. Barbero's departure is scheduled for January 20, the same day as the inauguration of President-elect Donald Trump. SEC Chair Gary Gensler stated that Barbero's advice and judgment have been crucial to the Commission's decision-making. Prior to her departure, the SEC's Enforcement Director Gurbir Grewal left in October last year, and the Accounting Chief responsible for the agency's controversial crypto accounting policies, Paul Munter, also announced his upcoming departure this week.
(2) Web3 Sector:
l Litecoin ETF expected to be the first Altcoin ETF in 2025, Solana ETF may have to wait until 2026
Bloomberg senior ETF analyst Eric Balchunas stated that the Litecoin ETF has met all the requirements and is expected to become the first Altcoin ETF in 2025. He noted that given the SEC's comments on the S-1 filing and its treatment of Litecoin as a commodity, as well as the new SEC leadership, there are no obvious reasons for the issuer to withdraw the application. Meanwhile, Bloomberg industry research analyst James Seyffart mentioned in an interview that despite the White House's friendly attitude towards cryptocurrencies, a Solana ETF may not be launched in the US until 2026. Seyffart pointed out that while the Trump election may improve the lag in Solana ETF applications, as the SEC's review of documents typically takes 240-260 days, this timeline may be extended. Additionally, the SEC's lawsuit against crypto exchanges, alleging that SOL constitutes an unregistered security, further complicates the review process.
3. Hot Narratives
l The Future of the Gaming Industry: The Rise of the Agentic Metaverse Led by AI Agents
Here is the English translation of the text, with the specified terms translated as instructed:Recently, with the help of platforms such as Solana and Base, the production speed of AI Agents has increased rapidly, with thousands of personalized AI Agents emerging in just a few months. Multimodal AI projects such as Hive and arc are on the rise, driving interaction and collaboration between Agents. The development of Agentic game engines will make the interaction between players and dynamic NPCs more enriched. There are already successful cases in the market, such as the Digimon game backed by a16z, which allows players to deeply interact with AI. Moddio, as an open-source game engine, has achieved significant growth after its transformation to Web3, providing developers with a low-threshold and high-efficiency solution. Agentic Metaverse/Game is gradually approaching us, solving the problem of insufficient players in the early stage of Web3, and accelerating the development of new games, promoting the Mass Adoption of Agentic Game, laying the foundation for future development.
II. Attention Value-Hotspot Projects
1. Project Introduction
l $AGIXT | AI Agent | @AGi_XT
- AGiXT is a dynamic AI agent automation platform that can seamlessly orchestrate instruction management and complex task execution of different AI providers. AGiXT combines adaptive memory, intelligent functionality, and a multi-functional plugin system to provide efficient and comprehensive AI solutions.
- github: Written in Python language, the project started two years ago, and the current GitHub star count has exceeded 2,700, which are not just recent additions. From its Star history record, AGIXT was already launched in early last year, and the star count has been steadily increasing since July 2023. The project is not a hasty layout to cater to the current AI Agent craze, but the result of long-term investment.
- The DEV is @Josh_XT, a person who is passionate about continuous contribution in the AI open-source field, and submitted 8,000 code contributions on github last year.
- The DEV has a total of 450M tokens transferred to the streamflow contract, of which 5% are subject to a two-year linear release, starting from January 16, 2025, with automatic unlocking every two weeks until January 28, 2027.
- The project was launched 4 hours ago, with a market cap of over $94 million and a trading volume of $128 million.
III. Attention Value-Sector Rotation
1. Hot Sectors
Data source: Dune, Dot Labs
Data source: Dune, Dot Labs
2. Sector Rotation
Data source: Dune, Dot Labs
