Wu said that according to SoSoValue data, the crypto market has generally pulled back due to macro factors, with Layer 1, DeFi, Layer 2 and Meme sectors all falling by more than 9%, and AI Agents sector pulling back by -10.25%. However, the PayFi and CeFi sectors performed relatively strongly, with pullbacks of -3.56% and -3.82% respectively. Among them, BGB in the CeFi sector rose 5.93% against the trend. SoSoValue analysts pointed out that the US non-manufacturing PMI in December and job vacancy data in November both exceeded expectations, showing economic and employment resilience, pushing US Treasury yields to 4.7%, and the market's expectations of no interest rate cuts or even interest rate hikes in the first half of 2025 have increased, and risk asset prices are generally under pressure.