The crypto market is experiencing a dip, Bitcoin is down to 93000 dollars

Macroeconomic Environment

The Federal Reserve is reassessing the potential impact of the Trump administration on the U.S. economy and inflation. It is reported that the Federal Reserve Chairman expressed dissatisfaction with some officials' public statements linking Federal Reserve policy directly to changes in Trump’s policies. Currently, the market expects the Federal Reserve to proceed more slowly and cautiously with interest rate cuts in the future. Analysts point out that there are many uncertainties surrounding the prospect of interest rate cuts by the Federal Reserve in 2025, and investors need to prepare for possible economic fluctuations.

According to market data, the probability that the Federal Reserve will keep interest rates unchanged in January next year is 87.2%, and the probability of a 25 basis point rate cut is 12.8%. By March, the probability of maintaining the current interest rate drops to 50.6%, the probability of a 25 basis point rate cut rises to 44.1%, and the probability of a 50 basis point rate cut is 5.4%.

Crypto Market

The crypto market continues to experience fluctuations and declines, with Bitcoin dropping again last night, hitting a low of $93,000, marking a new low for the week. The funding rates on major exchanges indicate a generally bearish market. At the same time, Bitcoin spot ETFs saw a net outflow of $287 million on Friday, with a total net outflow of $376 million last week. During this market adjustment period, centralized exchange platform tokens performed relatively well, while the AI Agent sector remains hot, with continuous capital inflow.

Industry Dynamics

The regulatory head of a well-known venture capital institution posted on social media, expressing the company's confidence in DeFi, believing that DeFi will make financial services and the digital economy more convenient and efficient. However, the recent new broker report rules released by the U.S. Department of the Treasury may hinder DeFi innovation in the U.S. The institution supports the lawsuit filed by multiple industry organizations, arguing that the IRS and the Treasury Department have exceeded their statutory authority and violated relevant laws.

The Malaysian Securities Commission has taken strict enforcement action against a certain crypto market trading platform, requiring it to immediately cease operations locally due to the platform conducting business in Malaysia without proper registration. The regulatory agency stated that operating a digital asset trading platform without obtaining approval as a market operator is illegal.

Hot Sectors

The AI agent sector has once again attracted attention, with a 24-hour increase of 1.54%, rising against the market trend. A certain AI project recently released a proposal to update its tokenomics, planning to focus on framework innovation and multi-chain integration by acquiring mature technologies and teams in the first quarter of 2025. The market capitalization of this project once skyrocketed to 1.5 billion USD, reaching a historical high, reflecting the market's recognition of the potential of AI agents.

In the Solana ecosystem, a new project conducted a large-scale airdrop, representing a breakthrough in Solana token technology. The project utilized ZK Compression technology to achieve a more efficient token distribution, completing an airdrop scale that would typically require 55550 SOL with only 22.2 SOL.