1. Attention Value-Market Key Points
1. Market conditions
(1) Macro environment:
l Forbes: Trump's issuance of Meme coin triggers constitutional crisis and political and economic disputes
Forbes commented on the meme coin issued by Trump in a column, pointing out that it could trigger a constitutional crisis. Although the incoming new SEC chairman may introduce a more friendly crypto policy, the basic legal principles remain unchanged, and the personality and policy preferences of SEC leaders cannot override existing securities laws. The report also pointed out that the launch of TRUMP coins reveals fundamental tensions in contemporary American politics. Trump positioned himself as a supporter of the cryptocurrency industry and promised to make the United States the "global cryptocurrency capital", but the structure and timing of his digital token project raised concerns about the fusion of his personal interests and political power. The ownership of the tokens is concentrated in companies related to Trump, and the issuance time coincides with the eve of his inauguration, which raises questions about whether he truly supports cryptocurrency innovation or is just further commercializing the presidency.
(2) Web3 field:
l Cryptocurrency market generally pulls back, Bitcoin falls below $100,000
The cryptocurrency market generally pulled back, with the AI Agents sector falling 12.08% in the past 24 hours. Major AI tokens such as AI16Z, ARC, AVA, and ACT fell 29.83%, 23.69%, 32.92%, and 29.18%, respectively. FARTCOIN rose 16.74% against the trend. In addition, the DeFAI sector fell 14.90%, of which GRIFFAIN fell 12.05%. The CeFi sector fell 3.28%, PayFi fell 6.75%, DeFi fell 6.94%, Layer 1 fell 6.99%, and the Meme sector fell 7.53%. Bitcoin also fell below the $100,000 mark at one point, with the latest price at $102,499.
2. Hot events
(1) Macro environment:
A criminal gang led by a former professional football player was accused of laundering 1.1 trillion won in South Korea.
Busan police in South Korea announced that a criminal gang led by a former professional football player was charged with money laundering for 112 gambling websites through fake cryptocurrency trading platforms, involving a total amount of 1.1 trillion won (about 756.8 million U.S. dollars). Between January 2022 and September 2023, the gang hired on-the-job enterprise security program developers to create fake trading platforms, using more than 200 bank accounts to collect gambling funds from 66,802 members, and made a profit of about 10 billion won (about 6.88 million U.S. dollars) by charging a 0.1% handling fee. The police investigation also found that the gang used deep fake celebrity videos to lure 80 minors into gambling. At present, 8 people have been arrested and 11 people face non-custodial prosecution.
(2) Web3 field:
UXLINK launches Fuji Card to promote the use of crypto assets in daily payments
UXLINK announced that it will jointly launch a cross-border crypto asset payment card called Fuji Card with international payment institutions, aiming to promote the payment application of crypto assets in daily life, including food, clothing, housing, transportation, cross-border transfers and DeFi services, and further promote the popularity and practicality of crypto assets. The issuance of Fuji Card will be supported by the blockchain technology of UXLINK Social Growth Layer, and the One Account One Gas (OAOG) protocol will provide users with a smooth user experience. At the same time, Fuji Card will also introduce high-quality Web3 projects within the UXLINK ecosystem, providing users with rich value-added rights and airdrop opportunities, further enhancing user experience and ecological value, and empowering $UXLINK. UXLINK plans to build a seamless bridge between crypto assets and real-world applications through social crypto legal cross-border payment cards as a foundation, providing users with safe, inclusive and beneficial financial services.
3. Hot topic narrative
Trump family cryptocurrency craze: Trump coin surges and then collapses instantly, followed by Melania coin
Two days before Trump was about to move into the White House, he launched his personal meme coin "Trump Coin", which quickly triggered a market boom. According to CoinGecko data, "Trump Coin" opened at $0.1824, and rose by more than 15,000% in 12 hours, reaching a high of $84, with a market value of nearly $80 billion. Soon after, Trump's wife Melania also launched her own cryptocurrency, "Melania Coin", which broke through $5 shortly after its launch and had a market value of more than $5 billion. However, this series of coin issuances had a huge impact on the market. "Trump Coin" plummeted 60% within 30 minutes of the launch of "Melania Coin", while Solana and Bitcoin also showed a significant decline. Analysts believe that this phenomenon reflects the market's fanatical pursuit and rapid transfer of the Trump family's cryptocurrency. Within minutes of the launch of "Melania Coin", a large number of investors began to sell "Trump Coin". Opinion leaders on social media also commented that cryptocurrency seems to have become a business for the Trump family. The Trump family holds 80% of the total supply of "Trump Coin" through their company, which means that their selling behavior may have a significant impact on the market. In addition, Trump appointed David Sacks as the head of cryptocurrency and artificial intelligence affairs, indicating his policy support for the crypto industry. Although the performance of "Trump Coin" and "Melania Coin" is eye-catching in the short term, analysts warn that such high volatility and speculation may bring risks, and investors should be cautious about such meme coins to avoid losses.
2. Attention Value-Hot Projects
1. Project Introduction
l $quarm | AI | @miao16z
- quarm is an agent clustering system that coordinates dedicated ai agents to process queries.
- github project: The current development progress of the project is relatively preliminary, with only 4 stars. The most recent code submission was 3 days ago, with only three commits in total. The first was to initialize the repository, the second was to update the code, and the third was to update the document only. The code has few dependencies and only uses OpenAI's library. The agents directory of the project contains five files, including a simple Telegram bot code and an API server code. The API server provides two interfaces for receiving user requests by building a web server. The core functions are mainly concentrated in the swarm.py file. According to GPT's summary, this file implements a multi-agent AI system that can handle simple to complex user queries.
- Dev holdings: A total of 120M was purchased, accounting for 12% of the total. Among them, 5% was transferred to AI16Z DAO, 5% was locked until July 17, and 1% was held by the development team.
3. Attention Value-Sector Rotation
1. Hot topics
Source: Dune, Dot Labs
Source: Dune, Dot Labs
2. Inside the plate
Source: Dune, Dot Labs
