Latest Developments in the Web3 and AI Fields

Market Highlights

Macroeconomic Environment

Microsoft shareholders recently voted down a proposal to invest 1% of the company's assets in Bitcoin. This proposal was put forward by a research center with the aim of hedging against inflation. Despite strong lobbying from the founder of MicroStrategy, shareholders chose to support the board's conservative stance, preferring to invest in less volatile assets. This reflects the cautious attitude of large institutional investors towards cryptocurrency investments.

Web3 field

AI-related tokens in the Solana ecosystem are performing remarkably. The market capitalization of the ALCH token has surpassed 150 million USD, reaching a historical high. The market cap of the ai16z token has also exceeded 800 million USD, with a 24-hour increase of over 50%. The price of DEGENAI has increased more than six times since its launch. The strong performance of these tokens reflects the market's ongoing enthusiasm for AI and meme tokens.

Hot Events

Macroeconomic Environment

MicroStrategy is expected to join the Nasdaq 100 Index on December 23. Analysts predict that ETFs tracking the index may purchase about $2.1 billion worth of MicroStrategy shares, which will have a significant impact on the company's stock price.

Web3 field

Maverick Protocol has launched a new platform Goose.run on the Base chain, aimed at combining DeFi with meme coins. The platform offers features such as meme coin lending and leveraged trading, and employs a no-liquidation mechanism to cope with market volatility. The platform also has a governance mechanism designed to allow veMAV holders to participate in decision-making and share in the profits.

Hot Narrative

The meme coin CULT, launched by the founder of Milady, has officially gone live, sparking heated discussions in the market. After its launch, CULT's market value briefly reached $1.2 billion but then fell back. CULT employs a special token claiming method, which includes interactive elements such as quizzes and drawing. Although there is a gap compared to other well-known NFT projects, CULT still hopes for continued promotion from the community.

Hot Projects

$YUMI has become a newly popular meme coin. Its image, similar to that of Doge, has gone viral on social media, surging 7800% within 24 hours, with a market capitalization of 3.6 million dollars. Investors generally believe this may be a continuation of the Doge spirit.

Sector Rotation

Recent data shows that AI-related tokens and meme coins are performing actively, attracting a large number of investors' attention. Specifically, the fluctuations in various projects vary widely, reflecting the divergence in market assessments of different projects. Investors need to closely monitor the developments of each project and carefully evaluate investment risks.