During the double festival period, the overall cryptocurrency market is weak, and the sentiment index remains in the extreme fear range. Despite this, USDC, primarily in the U.S. market, achieved a growth of 1.91%, indicating continuous entry of institutional funds. The DeFi ecosystem saw a slight decline, but stablecoin yield projects performed well. The AI Agent sector is receiving significant attention, with a market size reaching $10.9 billion. Meme coins are performing poorly due to the holiday and market downturn. Public chains are resilient, and technological innovations continue to advance. The market is expected to be sluggish during the New Year's holiday, but a potential upward trend may emerge in the first quarter of 2025. Investors are advised to maintain a defensive allocation and focus on AI Agent and DeFi projects.