News & Insights

BTC correction extends, eyes $96.7K for bullish reversal

BTC correction extends, eyes $96.7K for bullish reversal

Hot projects + Market overview

I. Mainstream exchange news

  • Binance Alpha has announced a new list of projects, adding VADER, VERTAI, and FAI
  • Bybit has launched FLOCK/USDT perpetual contracts with up to 50x leverage and REX/USDT perpetual contracts with up to 20x leverage.
  • Bitget has listed FLOCK/USDT perpetual contracts with up to 50x leverage and launched BGBTC Season 1, allowing users to earn BGPoints to unlock BTCFi project airdrop rewards.

II. Mainstream projects and trending events

  • USDC issuer Circle has stated that cross-chain USDC is now available on Sonic. 
  • MANTRA, a purpose-built layer 1 blockchain for tokenized real-world assets (RWAs) has signed a $1 billion agreement with UAE real estate company DAMAC to tokenize assets in the Middle East.
  • Ethereum co-founder Vitalik Buterin tweeted that the misuse of AI could lead to the creation of new, independent, self-replicating intelligent life forms, while the correct use of AI should serve as a mechanical exoskeleton for human thought.
  • Independent layer 1 blockchain platform Aptos network has integrated decentralized oracle network Chainlink oracles.
  • Decentralized autonomous organization VitaDAO has announced that the proposal for its token VITA to cross-chain to the Solana network has been approved.
  • Fetch.ai, a crypto artificial intelligence company built on Cosmos, has announced a $10 million accelerator to support AI Agent startups
  • DeSci project BIO Protocol has gone live on the Solana mainnet with cross-chain support provided by Wormhole.
  • Multinational bank Standard Chartered has obtained a digital asset custody license in Luxembourg to serve EU users.
  • Stablecoin issuer Avalon Labs will launch TGE along with its governance token AVL.
  • AI meme project ACT has launched an ecosystem acceleration plan and is now accepting applications.
  • The US Department of Justice has approved the sale of $6.5 billion in Bitcoin seized from Silk Road, an online black market and the first modern darknet market.
  • DeSci AI agents yesnoerror and open science community ResearchHub will collaborate to identify academic paper reviews.

III. Funding news

  • Berachain ecosystem trading aggregator Ooga Booga, has raised $1.5 million in a strategic funding round led by Kenetic Capital.
  • AI payment infrastructure Nevermined has completed a $4 million seed round led by Generative Ventures.
  • DePIN project Starpower has raised $2.5 million in a funding round led by Framework Ventures.
  • TEE abstraction middleware Rena has completed a $3.3 million funding round, participated in by Lightspeed Faction.
  • Canadian investment company Sol Strategies has received 27.5 million Canadian dollars ($20.625 million) in private investment from global blockchain investment firm ParaFi Capital to increase SOL holdings.
  • AI company Rena Labs has completed a $3.3 million pre-seed funding round led by Paper Ventures.
  • Microsoft CEO Satya Nadella has announced a $3 billion investment in India to support AI development, cloud expansion, and training initiatives.

IV. Regulatory news

  • According to Fox reporter Eleanor Terrett, the US Senate Banking Committee is set to establish its first subcommittee dedicated to cryptocurrency. 

V. Popular projects

Market overview

Bitcoin has hit a new phase low of $91,203 and is still searching for the bottom of its current correction from a high of $108,353.

The critical level to monitor is $96,770; a robust break above this level could signify a return of bullish momentum.

Bitcoin’s market dominance stands at 58.06%. The TOTAL3 index, which measures altcoin performance, has declined to $946.9 billion, reflecting overall sluggish market activity.

BUILD: AI agent platform

Build is an AI agent platform that enables users to create, configure, and deploy customizable AI agents capable of performing various tasks using natural language.

The platform's operations are funded by the BUILD token, supporting functionalities like custom APIs, internet searches, blockchain transactions, social media integration, and real-time data updates.

BUILD's market cap stands at $58.31 million.

YNE: AI scientific paper auditing

YesNoError is designed for large-scale auditing of scientific papers, identifying mathematical errors and fabricated data that threaten scientific integrity.

The YNE token enables users to request priority reviews of specific papers, which is crucial for ensuring the reliability of scientific research.

The YNE token has reached a market cap of $67.02 million.

LLM: AI large language model concept

Large Language Model cleverly combines AI technology with the humor and rebelliousness of internet memes. 

Similar to AI16Z, LLM features a narrative full of irony and satire.

The LLM token has a market cap of $87.38 million.

KEKIUS: Musk-related concept

Created by GROK and named after Elon Musk, Kekius Maximus is positioned as the PEPE Frog Emperor and is frequently mentioned and retweeted by Musk.

Recent changes to Musk's X profile name and image have caused volatile price fluctuations for the token.

The market cap of Kekius stands at $82.21 million.

ANDY: Matt Furie's comic meme

Inspired by Matt Furie's 2005 comic "Boys' Club," Andy is a PEPE-related memecoin that has previously experienced significant traction on Ethereum, attracting high market attention.

Currently built on the Binance Smart Chain, Andy has a market cap of $69.77 million and a 24-hour trading volume of $4.18 million.

On-chain daily

1. STEALTHSTEALTH is an AI Agent token on Solana. It provides an AI gaming framework integrating the Eliza model into Roblox, a platform with over 2 million daily active users. 10% of the total token supply has been sent to the ai16z wallet.

2. BUILDBUILD is an AI Agent token on Solana. It enables users to create AI Agents using natural language without the need for coding. BUILD tokens are required for adding new features or performing operations, making Solana a comprehensive platform compared to competitors.

3. AVAAVA is a memecoin on Solana launched by the community of Holoworld AI, a cross-chain social agent platform. Holoworld is the predecessor of Binance MVB and has backing from Polychain Capital, and Arthur Hayes.

4. COOLCOOL is an AI Agent token on Solana designed to modularize Web3 AI Agent IPs, enhancing their functionality and building frameworks.

5. AnonAnon is an AI Agent token on Solana designed to simplify DeFi interactions by aggregating critical project information and enabling real-time data analysis through conversational AI.

6. ThalesThales is an AI Agent token on Solana, focusing on data aggregation and quantitative investment to outperform the market. Developed using the ElizaOS framework, it recently partnered with the Blind Computation protocol Nillion. 1% of the total token supply is allocated to the ai16z wallet.

AI agent market overview

  • Number of Listed Tokens: 80
  • Overall Market Change: Total Market Cap $1.153 billion, Daily Decrease: -3.5%
  • Overall Trading Volume Change: 24-Hour Trading Volume $1.31 billion, Daily Decrease: -15.5%

Top 3 tokens by community engagement and market cap (Last 24 hours)

1. AIRENE: AIRENE is an AI agent token on Base developed by Virtuals Protocol, represented by Twitter KOL @Irenezhao_.

  • Twitter Followers: 8,478
  • Holders: 62,516
  • Current Price: $0.0018
  • Market Cap: $1.8 million
  • 24-Hour Change: -9.72%
  • Official Twitter: https://x.com/airene_asianmom
  • Trading Dashboard: https://dexscreener.com/base/0x2eac9b08a4d86f347b9e856fb3ec082e61c76545

2. OMEGA: OMEGA is an AI agent token on Solana with a religious concept related to anti-Christianity.

  • Twitter Followers: 18,000
  • Holders: 5,429
  • Current Price: $0.0012
  • Market Cap: $1.2 million
  • 24-Hour Change: +7.6%
  • Official Twitter: https://x.com/megs_io
  • Trading Dashboard: https://dexscreener.com/solana/3DkVGaNSMTcxFkgGDAm299FaVxgnCw2411vxZTmRpump

3. PENAIS: PENAIS is a meme coin on Solana with the concept of an AI penis that can autonomously post on Twitter.

  • Twitter Followers: 1,854
  • Holders: 4,663
  • Current Price: $0.0039
  • Market Cap: $3.9 million
  • 24-Hour Change: +172%
  • Official Twitter: https://x.com/0xpenais
  • Trading Dashboard: https://dexscreener.com/solana/Co6yHBdUcVsrmRq75iKmxAddx9ggg32g3Zd1Vwscpump

*Data sourced from https://www.cookie.fun

Top 3 tokens by 24-hour holder growth:

1. PIPPIN: Pippin is a memecoin developed by Yohei Nakajima, generated and named using GPT. The narrative revolves around it becoming the next big emotional memecoin, competing with $ZEREBRO, $YOUSIM, $SHEGEN, and $AVB. Yohei Nakajima has 94,000 followers on Twitter and is a General Partner at Untapped Capital, a venture firm. He live-streamed the creation process of this AI meme, attracting a large following.

  • 24-Hour Address Growth: +2,591, up 13%
  • Current Price: $0.2
  • Market Cap: $200 million
  • 24-Hour Change: +148%
  • Official Twitter: https://x.com/pippinlovesyou
  • Trading Dashboard: https://dexscreener.com/solana/8wwcnqdzjcy5pt7akhupafknv2txca9sq6ybkgzlbvdt

2. AI16Z: AI16Z is a decentralized AI trading fund built on Solana, utilizing AI to analyze on-chain and off-chain data for token trading.

  • 24-Hour Address Growth: +2,035, up 2.43%
  • Current Price: $1.53
  • Market Cap: $1.53 billion
  • 24-Hour Change: -4.3%
  • Official Twitter: https://x.com/ai16zdao
  • Trading Dashboard: https://dexscreener.com/solana/cjjn3aerjzjy87r2q9mybuz3xag8j4tdhc8fmmaykta5

3. VIRTUAL: VIRTUAL is an AI agent smart network built on the Base network, creating various AI characters for different virtual worlds (such as games or online spaces) that can react through text, voice, and actions. It decentralizes creation and monetization incentives for every virtual interaction (game, metaverse, online interaction).

  • 24-Hour Address Growth: +1,695, up 0.56%
  • Current Price: $3.2
  • Market Cap: $3.2 billion
  • 24-Hour Change: -6.07%
  • Official Twitter: https://x.com/virtuals_io
  • Trading Dashboard: https://dexscreener.com/base/0xe31c372a7af875b3b5e0f3713b17ef51556da667

*Data sourced from https://www.sentient.market/

Bitcoin ecosystem overview

BTC Mainnet Gas Fee Update:

  • The current BTC transaction fee is 3 satoshis/byte.
  • Gas Fee performance remains low.

Fractal Bitcoin Gas Fee Update:

  • The transaction fee is 6 satoshis/byte with low activity.
  • Gas Fee performance continues to remain weak.

Inscription, Rune, and Fractal Bitcoin Leading Token Tracking:

ORDI:

  • Current Price: $24.29
  • 24-Hour Change: -2.8%
  • Market Cap: $510.03 million

DOG:

  • Current Price: $0.0057
  • 24-Hour Change: -2.77%
  • Market Cap: $584.55 million

FB:

  • Current Price: $2.33
  • 24-Hour Change: -6.6%
  • Market Cap: $23.39 million

Today's Popular Projects:

fifa: Inscriptions on the trophy featuring the names of 211 FIFA member associations.

  • Market Cap: $72.6 million
  • 24-Hour Trading Volume: $83.92K
  • 24-Hour Change: -0.15%
  • Number of Holders: 18,355

PigMermMerm: Depicts an image of a pig.

  • Market Cap: $610.33 million
  • 24-Hour Trading Volume: $16.86K
  • 24-Hour Change: +57.18%
  • Number of Holders: 12,205

NICOLAS•PI•RUNES: Aims to connect the Pi Network community to the broader blockchain ecosystem through Bitcoin’s Rune protocol.

  • Market Cap: $976.36K
  • 24-Hour Trading Volume: $1.21K
  • 24-Hour Change: +11.78%
  • Number of Holders: 11,147

Performances of today's top three tracks

SocialFi: Overall Daily Sector Change: -1.51%

1. CBK: A community platform focused on cryptocurrency research.

  • Daily Increase: +34.89%
  • Current Price: $1.1448
  • Market Cap: $103.32 million
  • 24-Hour Trading Volume: $13.82 million

2. MBL: A participant-centered movie ecosystem.

  • Daily Increase: +19.04%
  • Current Price: $0.00428
  • Market Cap: $77.93 million
  • 24-Hour Trading Volume: $36.26 million
  • Recent Updates: Launched an airdrop campaign

3. MLK: Users can integrate company reward points into the cryptocurrency Mil.k Coin.

  • Daily Increase: +13.75%
  • Current Price: $0.2954
  • Market Cap: $124.06 million
  • 24-Hour Trading Volume: $184.47 million

Layer 2: Overall Daily Sector Change: -2.84%

1. TT: An EVM-compatible public blockchain.

  • Daily Increase: +9.30%
  • Current Price: $0.00437
  • Market Cap: $50.95 million
  • 24-Hour Trading Volume: $60.53 million

2. LSK: Built on Optimism (OP) and protected by Ethereum.

  • Daily Increase: +7.46%
  • Current Price: $1.08
  • Market Cap: $179.22 million
  • 24-Hour Trading Volume: $72.08 million
  • Recent Updates: Partnered with AyaHQ, upcoming incubation program.

3. AERGO: An open-source hybrid blockchain smart contract platform for decentralized applications.

  • Daily Increase: +6.16%
  • Current Price: $0.1378
  • Market Cap: $64.77 million
  • 24-Hour Trading Volume: $41.25 million
  • Recent Updates: Samsung membership NFTs minted on the CCCV NFT market.

GameFi: Overall Daily Sector Change: -3.11%

1. BORA: A gaming and entertainment ecosystem. Bora aims to bring GameFi games and applications to its Bora Chain.

  • Daily Increase: +4.96%
  • Current Price: $0.1434
  • Market Cap: $157.64 million
  • 24-Hour Trading Volume: $53.7 million
  • Recent Updates: None

2. HMSTR: A click-to-earn game that combines cryptocurrency trading simulators. In this game, players act as CEOs of a new cryptocurrency exchange.

  • Daily Increase: +4.61%
  • Current Price: $0.00293
  • Market Cap: $188.49 million
  • 24-Hour Trading Volume: $41.3 million
  • Recent Updates: The Hamster DAO community has a new proposal to collaborate with high-performance protocol TYCHO on blockchain networks.

3. ULTI: Ultiverse is a social gaming metaverse that connects Web3 with AAA-quality immersive VR-compatible virtual worlds.

  • Daily Increase: +2.24%
  • Current Price: $0.00776
  • Market Cap: $15.36 million
  • 24-Hour Trading Volume: $5.38 million
  • Recent Updates: Launched AI-assisted 2D game generation services.

Disclaimer

The development and market cap of stablecoins mentioned in the above content are speculative and based on market analysis at the time of writing and should not be interpreted as guaranteed outcomes. Market conditions can fluctuate widely and unpredictably due to numerous factors such as regulatory changes, market demand, and global economic developments. 

The information provided in this article is for general informational purposes only and does not constitute financial, investment, legal, or professional advice of any kind. While we have made every effort to ensure that the information contained herein is accurate and up-to-date, we make no guarantees as to its completeness or accuracy. The content is based on information available during writing and may be subject to change.

Please note that this article includes references to third-party websites and data provided solely for convenience and informational purposes. We do not endorse or assume any responsibility for the content, accuracy, or reliability of any information, products, or services offered by third parties.

Cryptocurrencies involve significant risk and are NOT suitable for the majority of investors. The value of digital currencies can be extremely volatile, and you should carefully consider your investment objectives, level of experience, and risk appetite before participating in any staking or investment activities.

We strongly recommend that you seek independent advice from a qualified professional before making any investment or financial decisions related to cryptocurrencies. We shall in NO case be liable for any loss or damage arising directly or indirectly from the use of or reliance on the information contained in this article.

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