📢 MARKET RECAP
$BTC has once again soared to $100,000, leading a rally in altcoins, particularly within the AI application sector. Concurrently, US stocks experienced a surge while the US dollar index declined. The December US CPI inflation report surpassed expectations, prompting speculation that the Federal Reserve might advance its first rate cut from September to July. This adjustment raised the anticipated total rate cuts for the year from 28 to 40 basis points, essentially reverting to pre-non-farm payroll release levels.
Despite these market movements, AI ventures such as
#AIXBT ,
#GRIFFAIN , and
#ARC achieved new peaks, with
#VIRTUAL and
#BUZZ witnessing notable recoveries. AIXBT stands out as a frontrunner in AI application development, while GRIFFAIN leads in DeFi AI solutions. ARC operates on the Rust framework and recently engaged in a collaboration with EVM. VIRTUAL allocates transaction taxes back to the community, and BUZZ, a DeFi AI entity, secured the top position in the Solana hackathon.