Crypto Market Trends and Highlights

Macroeconomic Environment

The meme coin launched by Trump has sparked various controversies. Some analysts believe this could lead to a constitutional crisis. Although the new SEC chairman may implement more crypto-friendly policies, the fundamental principles of securities law will not change. The timing and structure of the issuance of TRUMP coin have raised concerns about the fusion of personal interests and political power. There are views questioning whether this truly supports crypto innovation or is merely an act of further commercializing the presidential position.

The police in Busan, South Korea, have revealed a large-scale money laundering case. A criminal gang led by a former football player is accused of laundering money for gambling websites through a fake encryption trading platform, with the amount involved reaching up to 1.1 trillion won. The gang not only used complex financial means but also employed deepfake technology to entice minors into gambling. Several individuals have already been arrested or are facing prosecution.

Crypto Market Overview

The crypto market has generally retraced, with the AI-related sector experiencing significant setbacks. Major AI tokens such as AI16Z, ARC, AVA, and ACT have all seen substantial declines. The DeFAI, CeFi, PayFi, DeFi, Layer 1, and Meme sectors have also experienced varying degrees of decline. Bitcoin's price briefly fell below the $100,000 mark, with the latest quote at $102,499.

Web3 Field Dynamics

UXLINK announced the launch of the Fuji Card, a cross-border encryption asset payment card. The card is designed to facilitate the use of encryption assets in daily life, covering clothing, food, housing, transportation, cross-border transfers, and DeFi services. The Fuji Card will be supported by the blockchain technology of the UXLINK Social Growth Layer and will introduce the OAOG protocol to enhance the user experience. This move aims to bridge the gap between encryption assets and real-world applications, providing users with comprehensive financial services.

The Trump family's cryptocurrency has caused fluctuations in the crypto market. The meme coin launched by Trump experienced a rapid rise and fall in a short period. Subsequently, his wife Melania also launched her own cryptocurrency. This series of actions had a significant impact on the market, prompting a swift reaction from investors. Analysts warn that this high volatility and speculation may pose risks, and investors should exercise caution.

Focus on Hot Projects

The quarm project is an emerging proxy cluster system designed to coordinate dedicated AI agents to handle queries. The project is currently in the early stages of development, with only 4 stars on GitHub. The core functionality of the project is concentrated in the swarm.py file, which implements a multi-agent AI system capable of handling user queries ranging from simple to complex. The development team holds 12% of the total supply, some of which has been locked or transferred to the DAO.

Sector Rotation Analysis

The overall market is showing a pullback trend, with AI-related sectors performing particularly weakly. Major sectors such as DeFi and Layer 1 have all experienced varying degrees of decline. Investors should closely monitor market trends and adjust their investment strategies accordingly.