Web3 AI Daily Review (2025/1/14)
1. Attention Value - Market Highlights
1. Market Conditions
(1) Macroeconomic Environment:
l Former Federal Reserve Vice Chairman Quarles: Trump's election will not affect the independence of the Federal Reserve and economic stability
Former Federal Reserve Vice Chairman Randall Quarles stated that even if Donald Trump is elected president again, the independence of the Federal Reserve, inflation levels, and the labor market will not be threatened. He pointed out that there is a misunderstanding about the independence of the Federal Reserve, emphasizing that the president can express opinions on the Fed's policies, but this does not mean the Fed will lose its independence. Quarles, who served as the Vice Chairman for Supervision during Trump's presidency, mentioned that tariffs themselves do not directly lead to inflation and may actually prompt the Fed to lower interest rates. Additionally, he expects a large number of illegal immigrants to be deported after Trump's election, but this will not significantly impact the labor market. Quarles' comments come just before the release of the Consumer Price Index report, which may show that potential inflation in the U.S. at the end of 2024 will only slightly cool amid a strong job market and robust economic backdrop, potentially supporting a cautious approach by the Fed in future rate cut decisions.
(2) Web3 Sector:
l Fidelity Digital Assets Report: Ethereum has clear long-term advantages, Solana shines in the short term
Fidelity Digital Assets noted in its 2025 outlook report that Ethereum has clear long-term advantages while acknowledging Solana's rapid growth. The report emphasized Ethereum's strong fundamentals, such as developer activity, TVL, and stablecoin supply, which support its long-term outlook. Although Solana's revenue and TVL growth rates are faster, Fidelity believes that most of its revenue comes from Meme coin trading, which is seen as a cyclical trend that performs well in bull markets but may weaken in bear markets. The report further pointed out that Solana's reliance on Meme coins is similar to Ethereum's use of Uniswap, but Fidelity believes that Ethereum's fundamentals are less connected to speculation, making it more stable in the long run. Fidelity stated that short-term price trends are often influenced by narratives and mentioned that both networks plan to upgrade. Solana's Firedancer upgrade aims to significantly increase transaction speed, while Ethereum's Prague/Electra (Pectra) upgrade focuses on enhancing functionality, scalability, and user security. However, Fidelity believes that the Pectra upgrade may not generate widespread interest in the community, as it does not have a direct impact on ETH's value proposition from an investment perspective.
2. Hot Events
(1) Macroeconomic Environment:
l Italian bank Intesa Sanpaolo invests in Bitcoin for the first time, purchasing 11 coins worth about 1 million euros
Italy's largest banking group, Intesa Sanpaolo, has made its first investment in cryptocurrency by purchasing 11 Bitcoins, totaling approximately 1 million euros (about 1 million USD). This information was initially leaked on an online forum, and the bank's press department later confirmed it. While Intesa Sanpaolo confirmed the transaction, it did not disclose the motivation behind the investment or its future cryptocurrency strategy. The bank is relatively advanced in the blockchain and cryptocurrency space, having partnered with Cassa Depositi e Prestiti SpA in July 2024 to pilot the issuance of $27.2 million in digital bonds on Polygon. The trend of large institutions investing in Bitcoin is becoming increasingly evident, with software company MicroStrategy being a pioneer in this trend, having continuously purchased Bitcoin for 10 weeks. Other institutions, such as "Asian version of MicroStrategy" Metaplanet, are also actively following suit, recently purchasing 237 Bitcoins at a price of $95,972.
(2) Web3 Sector:
l Bitcoin price rebounds to $94,000 as Trump prepares to sign executive order supporting cryptocurrency
Following the news that Donald Trump is preparing to sign an executive order supporting cryptocurrency on his first day in office, the price of Bitcoin rebounded to $94,000. These orders may overturn key regulatory measures, including the SEC's Statement of Accounting Bulletin No. 121 (SAB 121), which requires companies holding customer cryptocurrencies to record these assets as liabilities on their balance sheets. According to The Washington Post, these orders are expected to address major challenges facing the cryptocurrency industry, such as banking restrictions and the controversial SAB 121. This bulletin has been criticized by the industry, and lawmakers have attempted to repeal it, but President Joe Biden vetoed the measure. The incoming Trump administration is expected to revisit this issue, as the current SAB 121 policy makes it more expensive and risky for banks to hold cryptocurrencies, making them less likely to offer cryptocurrency custody services to customers.
With this news, the cryptocurrency market experienced a strong rebound, with Bitcoin having previously fallen to $89,000 but now climbing to $95,000; Ethereum also rebounded from below $3,000 to $3,100.
3. Hot Narratives
l ANIME token set to launch: 50.5% allocated to the community, Azuki partners with Animecoin to create an open anime universe
According to official news, the ANIME token will launch in January 2025 on the Ethereum and Arbitrum platforms, with 50.5% of the tokens allocated to the community. ANIME aims to transform the anime ecosystem into a community-owned creative economy through collaborations with decentralized brands like Azuki, aiming to provide participation opportunities for over 1 billion anime fans. Community members participating in the token claim include Hyperliquid, Kaito, and Arbitrum. Azuki also announced a partnership with the Animecoin Foundation to jointly promote the construction of an open anime universe. The Azuki community has demonstrated the unique value of Web3 in intellectual property incubation through decentralized brand building, creating over 100 sub-communities, hosting global events, and rich fan creations.
As a result of this news, the Azuki series NFTs generally rose, with Azuki increasing by 17.45% in a single day, Azuki Elementals rising by 20.25%, and Beanz surging by 22.86%.
2. Attention Value - Hot Projects
1. Project Introduction
l $AICC | AI | @aicceleratedao
- A project launched by team members from Coinbase, Google, ai16z, and other major players.
- Aiccelerate positions itself as a DAO that emphasizes both investment and development. It focuses on promoting decentralized, open-source AI development and supports high-potential projects across different ecosystems.
- The team is working on developing the first AI agent and will share more information in the coming weeks.
- Arc has been invited to consult for Aiccelerate DAO, and the team has transferred 100% of the AICC tokens directly to the Arc Treasury. Meanwhile, the team plans to use 30% of the AICC tokens to create an AICC/ARC liquidity pair, which will generate fees and return to the Arc Treasury; these fees will be used to fund ecosystem initiatives and incentivize developer contributions. The remaining 70% of AICC tokens have been locked in a custodial contract, with Arc Treasury as the beneficiary, and will be released linearly over the next year.
3. Attention Value - Sector Rotation
- Hot Sectors
Data Source: Dune, Dot Labs
Data Source: Dune, Dot Labs
2. Internal Sector
Data Source: Dune, Dot Labs