BlockBeats will organize the key industry news content of the week (12.9-12.15) in this article, and recommend in-depth articles to help readers better understand the market and learn about industry trends.
Important News Review
This week, Hyperliquid ecosystem tokens rose across the board, with Hyperliquid TVL exceeding $3.883 billion
On December 15, according to DefiLlama data, Hyperliquid's current TVL reached 3.883 billion US dollars. In addition, the platform has currently entered assets (the platform supports USDC and USDT) of 1.928 billion US dollars. In the past 24 hours, the platform's perpetual product trading volume reached 3.682 billion US dollars. In addition, the mainstream tokens in the ecosystem rose generally, with HFUN rising by 26.1% in a single day; HYPE rising by 25.3% in a single day; and PURR rising by 28.5% in a single day. Related reading: (Behind the sky-high market value of 6 billion US dollars, Hyperliquid tries to reconstruct the listing pattern of the crypto industry)
Movement (MOVE) was launched on Binance and other trading platforms on December 9, and airdrops were available.
On December 9, Binance, OKX, Coinbase, Bybit, Bitget, and Upbit launched Movement (MOVE). After MOVE was launched, the price difference between the chain and major platforms was large, and there were arbitrage opportunities. MOVE on Upbit had a premium of more than 150% compared with mainstream platforms. On the same day, the Movement Foundation announced that MOVE airdrop applications were open.
Magic Eden (ME) was launched on Binance and other trading platforms on December 10, and airdrops were available.
On December 10, Magic Eden (ME) was launched on trading platforms such as Binance, OKX, Coinbase, Bybit, Bitget and Upbit. Magic Eden Wallet announced that the ME airdrop application will be open at 22:00 on December 10, Beijing time. The ME Foundation issued a statement stating that the airdrop must be claimed in the Magic Eden mobile APP, and the linked wallet will be closed on February 1, 2025. After the application started, it was criticized by many users. The community responded that the token claiming process was too complicated, there were problems with the Magic Eden mobile application, and the airdrop claiming page crashed several times, resulting in a large number of users being unable to claim tokens in time.
Microsoft Shareholders Vote Against Bitcoin Investment Proposal
On December 11, Microsoft's major shareholders opposed the company's Bitcoin investment proposal on Tuesday, according to voting results. Microsoft's board of directors had earlier urged shareholders to reject a proposal from the National Center for Public Policy Research that the company invest 1% of its total assets in Bitcoin to hedge against inflation. At the annual meeting, MicroStrategy founder Michael Saylor gave a three-minute speech trying to convince Microsoft shareholders to support the proposal. Data shows that Microsoft's largest shareholders are institutional investors, including Vanguard and BlackRock.
Binance Labs Announces Investment in Solana Ecosystem Stablecoin Infrastructure Protocol Perena
On December 11, according to official news, Binance Labs announced its investment in Quine Co., the core contributor behind Perena, the first stablecoin infrastructure protocol on Solana. Perena's mission is to create a more decentralized, efficient and accessible financial system by combining the advantages of DeFi innovation with traditional financial principles. Related reading: (Interpretation of Binance's latest investment project Perena, how to participate now?)
This week, AI concept tokens generally rose, and tokens such as AI16Z and ELIZA were once again hotly speculated
This week, the prices of AI concept meme coins generally rose. On December 11, FARTCOIN rose 36.1% in 24 hours; ZEREBRO rose 29.7% in 24 hours; AIXBT rose 23.4% in 24 hours. On December 12, according to market data, the market value of Solana's AI-driven VC DAO token ai16z exceeded US$900 million. On December 14, ELIZA rose 66.63% in 24 hours, and its market value exceeded US$120 million. On the same day, the market value of AI Rig C (arc) briefly exceeded US$120 million, with a 24-hour increase of 200%. Related reading: (If you missed Nvidia, don't miss Crypto AI again)
GRIFFAIN concept coins continue to rise, and BLINK has a significant increase
On December 13, according to GMGN market data, the Solana ecosystem meme coin blinkdot (BLINK) launched by the founder of Griffain has a market value of over 36 million US dollars, a 24-hour increase of 161.5%, and a 24-hour trading volume of 55.4 million US dollars. Griffain is an innovative platform that combines AI agents with blockchain, aiming to redefine the interaction between users and digital assets, symbolizing the integration of AI technology and cryptocurrency. It has demonstrated the potential of future smart contracts and automated transactions by launching 1,000 trainable AI agents, reflecting the market's strong interest and confidence in AI-driven projects. Related reading: (Griffain's thousand-fold increase has brought the Blinks ecosystem to the forefront. Will "Blinks+AI" be the next Golden Dog incubator?)
ai16z founder: We have started to develop Eliza v2, which will introduce improvements such as unified proxy wallet and extensible universal core framework
On December 15, ai16z founder Shaw posted that Eliza v0.2.0 (i.e. v2) has entered the development stage. Compared with v1, v2 will bring the following improvements: unified message bus and simplified client, unified proxy wallet, model system adopts registry (Model Provider Registry), extensible and universal core framework, updated community plug-ins; complete 100% test coverage. He added that the alpha version is expected to be launched in 2-3 weeks. The team will continue to advance v1, merge pull requests and close work orders. If users have a poor experience due to some inflexibility in v1, the team will solve this problem in v2. Related reading: (Dialogue with ai16z founder Shaw: Trading agent AI Marc has been launched, trying the "trust market" model)
The suspect in the DEXX platform theft case has been identified in China, and the latest version of the platform is now open for compensation
The trading platform DEXX suffered a major security incident on November 16. Hackers exploited the platform's technical loopholes and stole more than $21 million in user funds, with nearly 1,000 victims. On December 12, Roy, the founder of the DEXX platform, said in a recent interview that the suspects in this case have been locked in the country, and law enforcement agencies have been involved since the early stages. In order to ensure the smooth progress of the investigation, the official did not disclose details in the early stages of the case, and only released some information on December 6. On December 14, DEXX officials issued an announcement stating that "the latest version of DEXX is now open for compensation. After upgrading to the latest version, you can find the compensation center on your personal page to confirm the damaged tokens." Related reading: (26 days after the theft, the founder of DEXX personally narrated the reasons and the latest progress)
On December 10, Bitcoin crashed, causing 572,000 people to lose their positions, far exceeding the "3.12 crash" event
On December 10, according to Coinglass data, the entire network had a liquidation of $1.711 billion in the past 24 hours, and 572,395 people were liquidated, which may set a record for the highest 24-hour liquidation data in this bull market, far exceeding the "312 crash" event. On March 12, 2020, Bitcoin plummeted 50% that day, and about 100,000 people were liquidated. Related reading: (BTC spiked in the early morning, 24-hour liquidation far exceeded "312", how to judge the future market trend?)
Binance wallet has removed the Inscription Market, and Inscription assets cannot be bought and sold
On December 10, Binance Customer Support responded to a user’s question on the social platform, saying, “The inscription market has been removed, and you are currently unable to buy and sell inscription assets. But you can still view your inscription assets in the inscription center and send them to other wallets.”
Ethereum L2 Fuel launches its native token FUEL
On December 10, the high-performance Ethereum L2 network Fuel announced the launch of its native token FUEL, and Fuel Genesis is coming soon. FUEL secures Fuel's decentralized sorter and eliminates gas fees for users by introducing a new economic incentive structure based on Application Specific Sequencing. FUEL will transform the Ignition ecosystem by providing users with a Web2-like fee-free experience, making blockchain technology accessible to the masses. Fuel Ignition is the fastest (>600 TPS) and cheapest (<$0.0002 per transaction) Optimistic Rollup solution on Ethereum.
Velodrome Finance is listed on Binance, Coinbase and other trading platforms
On December 13, according to the official announcement, Velodrome Finance (VELODROME) was listed on Binance at 22:00 (UTC+8) on December 13, 2024, Beijing time, and opened the VELODROME/USDT spot trading pair. Influenced by this news, the market value of VELODROME exceeded US$300 million, setting a record high, and the 24-hour increase reached 126%.
Pudgy Penguins surpasses BAYC in market value, becoming the second largest NFT project
On December 9, according to CoinGecko data, Pudgy Penguins' market value reached 774 million US dollars, surpassing BAYC to become the second largest NFT project by market value. On December 15, Pudgy Penguins' floor price exceeded 29 ETH, and both the coin standard and the US dollar standard continued to set new historical highs.
Coinbase Adds PNUT to Listing Roadmap
On December 11, according to official news, Coinbase added Peanut the Squirrel (PNUT) to its coin listing roadmap.
CZ named Travala as a supporter, and the latter's token surged
On December 11, cryptocurrency-focused travel agency Travala announced plans to launch a dedicated Bitcoin reserve to celebrate the platform's annual gross revenue exceeding $100 million. Travala also launched a new "Treasury Reserve Program" for Bitcoin and Travala's native token Ava (AVA) to strengthen its financial foundation and accelerate future growth. The company's financial reserve plan for Bitcoin and AVA will provide the company with additional financial resources in the future to achieve other long-term goals. On December 13, Binance founder CZ posted a message saying, "We invested in the cryptocurrency travel platform Travala before the COVID-19 pandemic and before the cryptocurrency winter, and we persisted." It is reported that Travala's annual revenue has reached $100 million. Related reading: (Who missed the wealth code again? Web3 "Ctrip" Travala, which won the CZ platform, rose more than three times
MicroStrategy (MSTR) added to the Nasdaq-100 Index
On December 14, according to an official announcement, Nasdaq (Nasdaq: NDAQ) today announced the results of the annual reorganization of the Nasdaq 100 Index® (Nasdaq: NDX®), which will take effect before the opening of the market on Monday, December 23, 2024. MicroStrategy Incorporated (Nasdaq: MSTR) will be included in the Nasdaq 100 Index.
The US November unadjusted CPI annual rate rebounded further, in line with market expectations
On December 11, the US November unadjusted CPI annual rate rebounded further, rising to 2.7% for the second consecutive month, in line with market expectations and reaching a four-month high. Affected by the release of US CPI data in line with expectations, the overall crypto market rebounded and rose.
Goldman Sachs CEO: If regulation allows, we will evaluate participating in Bitcoin or Ethereum markets
On December 11, according to market news, the CEO of Goldman Sachs said that if regulators allow it, it "will evaluate" participating in the Bitcoin or Ethereum market.
A cryptocurrency fund promotion advertisement appeared on the Alipay Fund homepage in mainland China. Alipay responded that the "support for purchasing cryptocurrency" was false news.
On December 12, community users reported that some mainland Chinese users recently received promotional advertisements for cryptocurrency funds on the homepage of the Alipay Fund page, with the content "Global investment, cryptocurrency soaring, 10 yuan investment, get on board now." After verification, the fund is Huabao Overseas Technology C (QDII-FOF-LOF), which is a model of compliant investment in overseas assets, indirectly holding Coinbase stocks and ARK Invest Bitcoin spot ETF. Currently, each person is limited to purchase 1,000 yuan per day. On the same day, Alipay officially refuted the rumor that "Alipay supports the purchase of cryptocurrency" was false.
Three men were convicted of illegal business operations for high-frequency and high-value foreign exchange transactions on platforms such as Binance
On December 10, the Procuratorate Daily reported that three young men born after 1995 used virtual currency trading as a medium to engage in the foreign exchange "business" through the virtual currency trading platform Binance. In just a few months, they completed more than 650 transactions and exchanged nearly 30 million yuan in foreign exchange. After the Jianhu County Procuratorate filed a public prosecution, Lin and three others were recently sentenced to fixed-term imprisonment of five years to one year and six months for the crime of illegal business operations, and each was fined.
This week's hot articles
(On the 720th day in prison, SBF missed his little bear pillow)
FTX founder SBF has been in prison for two years and lives in MDC Prison in Brooklyn, New York. His diary is full of cold-eyed descriptions of the prison environment and nostalgia for past life. He used the analogy of his cellmates and chimpanzees to record the drug problems and human struggles in prison, and at the same time missed his bear pillow Manfred as spiritual comfort. Although he may receive a high advance for publishing his memoirs, these proceeds are destined to be used to compensate the victims. His arrogance and conceit have not diminished in prison, and he still shows the sharp thinking of a trader. The outside world still has mixed feelings about his former glory. Some people regret that his fall has severely frustrated the liquidity of the crypto industry and stagnated market innovation. In contrast to him, CZ's tenacity and positivity show a different attitude towards life and way of dealing with difficulties.
(26 days after the theft, DEXX founder personally explains the cause and latest progress)
On November 16, the DEXX trading platform was hacked and stole more than 21 million US dollars due to technical loopholes. Nearly 1,000 users were harmed. The incident caused heavy losses to users and triggered a crisis of trust. Roy, the founder of the platform, admitted that management errors led to the leakage of private keys, emphasized that it was not subjective behavior, and detailed the compensation plan and improvement measures, including confirmation of debts, phased compensation, comprehensive security upgrades, and brand trust reconstruction. The handling of the incident was limited by law enforcement investigations and institutional negotiations, and poor communication caused user dissatisfaction. Roy said that in the future, through transparent compensation plans, fair user management and technical guarantees, efforts will be made to rebuild user trust and platform reputation.
(Let institutions "carry the sedan chair" for your copycat bags: Grayscale Fund and Coin50 Index that must be paid attention to in this bull market)
After nearly half a year of downturn, the market finally ushered in the arrival of the altcoin season. According to statistics, among the 388 crypto assets traded on Binance, 299 have increased by more than 50% in the past 30 days, 98 have increased by more than 100%, and only 10 targets have no increase. In the general rise mode, how investors can select altcoins that can outperform the market has become a science. In this round of bull market, Grayscale Fund and Coinbase's Coin50 Index performed well, and almost all targets outperformed the average market increase. In addition, the multi-field trusts covered by Grayscale Fund, such as decentralized AI funds, DeFi funds, etc., also show strong reference value. As the crypto market matures further, more ETF products focusing on different tracks are expected to emerge in the future.
(The Bitcoin ecosystem is not doing well. How do veteran players view the future of the ecosystem?)
The Bitcoin ecosystem has experienced significant changes this year, from the Inscription craze to the development of protocols like Rune and BRC-20, but the overall performance has remained relatively quiet. Although the price of Bitcoin has broken through a record high and exceeded six-digit US dollars, the market value of token protocols such as Rune and BRC-20 in the ecosystem has seen limited growth. CEX is not very enthusiastic about listing Rune, and market funds tend to be more active. on-chain ecology. This phenomenon reflects that the Bitcoin ecosystem still faces challenges and requires deeper community building and innovative narratives to attract more investment and user participation.
(Interpreting Binance’s latest investment project Perena, how to participate now?)
On December 11, Binance Labs announced an investment in Quine Co., the core development team of Perena. As a multi-asset stablecoin exchange platform, Perena is committed to solving the fragmentation and liquidity isolation problems in the stablecoin market. By introducing the USD* system based on the Solana ecosystem, it optimizes stablecoin trading and capital efficiency. In addition, its team is strong, has reached cooperation with many DeFi protocols, and has completed millions of dollars in financing. Despite its broad prospects, it still needs further verification and development in terms of on-chain applications and market demand.
(Bitwise 2025 Top Ten Predictions: In the first year of crypto IPO, more than five crypto unicorns will be listed in the United States)
The cryptocurrency market experienced significant growth in 2024, with Bitcoin, Ethereum, and Solana each reaching all-time highs, and Bitcoin trading above $100,000. In addition, the cryptocurrency policy ushered in a turn during the U.S. election, and it is expected that there will be greater institutional investment and regulatory support in 2025. The future prospects of the encryption market are very bright. Bitwise predicts that Bitcoin, Ethereum and Solana will hit all-time highs in 2025, with Bitcoin trading above $200,000 and the market for stablecoins and real-world asset (RWA) tokenization continuing to grow.
(Detailed explanation of BTC on-chain data: The first appearance of a phased “trend decay” signal)
On-chain data shows that the signal of phased trend attenuation has appeared for the first time, indicating that the BTC market has entered a period of adjustment. After reaching a record high in March 2024, it experienced a 7-month oscillating downward trend until the last test of the 60,000 USD integer mark on October 10, when a trend reversal occurred, ushering in a new round of rising prices. During the downward period, long-term holders accelerated distribution, huge profits left the market, and the peak of profit realization gradually decreased. Capital inflows began to slow down, and new demand also subsided, indicating that market momentum weakened. Although it may rise again in the short term, the overall trend tends to decay, and it is necessary to pay attention to changes in market sentiment and capital inflows to adjust investment strategies.
(Google's quantum chip Willow is here. Will it pose a threat to Bitcoin?)
Google's launch of the quantum chip "Willow" has sparked heated discussions on encryption security. The chip has made important breakthroughs in quantum error correction and computing performance, but at this stage its 105 quantum bits are far from enough to threaten the security of cryptocurrencies such as Bitcoin. Experts believe that millions of quantum bits are needed to crack Bitcoin. The current blockchain system has a certain degree of quantum resistance, and in the future, quantum threats can be dealt with through technological upgrades. However, early Bitcoin addresses and Satoshi Nakamoto's 1 million Bitcoins may be at risk due to the exposure of public keys. Although the threat of quantum computing has not yet become a reality, all parties in the industry recommend taking preventive measures as soon as possible to promote the development of anti-quantum encryption technology.
(Ethereum in the bull market: an undervalued blue chip or a giant that is gradually losing momentum?)
As the bull market turns to the altcoin season, Ethereum's performance is slightly weak, with a much lower increase than Bitcoin and emerging public chains. On-chain data shows that Ethereum's transaction volume, gas fees, and number of active addresses have almost stagnated in a year, and users have gradually flowed to Layer2 and other public chains. Although the main network is still the first choice for capital precipitation, TVL and market value remain high. However, Uniswap may migrate to a self-built chain, which poses a threat to Ethereum's activity and economic model. Overall, the Ethereum mainnet is transforming from a retail ecosystem to a capital security pool, and liquidity and security have become its main competitive advantages.
(Behind the surge in RIF and URO, the rise of Molecule's three engines?)
In just a few days, the market value of RIF and URO experienced a thousand-fold increase, and then entered a correction phase. Molecule promotes the democratization and on-chain funding of scientific research through its core platforms Catalyst, Bio Protocol and pump.science, aiming to improve scientific collaboration and efficiency. In addition, BIO Protocol supports tokenized biotechnology projects and IP at the decentralized financial level in the field of biotechnology, providing innovative support and reward mechanisms for scientific research.
(From ICO to aICO, how to understand the new financing model that replaces trust with technology?)
The reasons for the failure of most ICOs and Launchpads are mainly due to speculative crazes, greed-driven pursuit of short-term gains, inflated promises, and malicious scams. In addition, human-led projects are often prone to mismanagement and fraud due to emotions, privacy motivations, and opaque decision-making. Through AI-driven aICO, a transparent, efficient, and trustless fundraising model can be achieved, eliminating the risk of human intervention and fraud, and promoting long-term sustainable development.
(A 10,000-word article analyzing "de-banking": the triple game of compliance, risk and politics)
Recently, the famous venture capitalist Marc Andreessen sparked a discussion about "debanking" in a podcast with co-founder Ben Horowitz and when participating in the Joe Rogan podcast. The venture capital company a16z founded by them also released a briefing paper specifically exploring this topic. The core point of the briefing is: "Debanking can therefore be used as a tool or weapon, systematically used by specific political actors/institutions to target private individuals or industries without due process. Imagine if the government decided who can or cannot use electricity simply because of someone's political stance or some arbitrary reason-without explanation, notice, or opportunity for appeal. This is what is happening with debanking."
(Roger Ver’s first public interview after being released on bail: After being a “Bitcoin Jesus” for 15 years, why I no longer support Bitcoin)
In the interview, Roger Ver shared how he was politically persecuted by the US government for participating in cryptocurrency activities. He also mentioned that the discussion platform of the early Bitcoin community was censored and the voices supporting Bitcoin payment were suppressed, revealing the dark history of how the government and intelligence agencies have hindered and changed the development of Bitcoin in the past decade. Bitcoin originally carried the ideal of decentralization and free payment, but this whole process distorted the essence of Bitcoin and may make it a new financial control tool.
(The wild evolution of Uniswap: From protocol to chain, can Unichain reshape the DeFi landscape?)
Uniswap's launch of Unichain based on OP Stack marks the transition from a single protocol to a chain-level platform, dedicated to solving performance bottlenecks, improving transaction efficiency, and optimizing multi-chain interoperability. Through technological innovations such as Rollup-Boost, Trusted Execution Environment (TEE), Flashblock, and ERC-7802 cross-chain standards, Unichain not only injects new impetus into the DeFi market, but also lays the foundation for the long-term sustainable development of the Uniswap ecosystem.
(If you missed Nvidia, don’t miss Crypto AI again)
Crypto AI is in its early stages, integrating artificial intelligence and decentralized technology, and has huge growth potential. As the world's major technology companies seize the general artificial intelligence market, Crypto AI has shown significant advantages in core areas such as model training, data networks, verification AI and on-chain agents. Although the technology is still developing, this area is gradually becoming a new investment opportunity and center of innovation. Like NVIDIA in its early days, Crypto AI will look so obvious in retrospect.
(Latest interview with Citadel CEO: Under the "red tide", the future of the Trump administration, the US economy and cryptocurrency | In-depth dialogue)
This dialogue is about the US economy, investment, cryptocurrency and future technology. The focus of the discussion includes the flexibility of American capitalism, entrepreneurship, the potential of cryptocurrency and the future of investment. In particular, the guests talked about their views on cryptocurrency and their reservations about its future despite missing investment opportunities. Wealth growth, technological innovation, economic differences between Europe and the United States, and future market trends were also discussed.
(Y Combinator: 10 innovative directions worth exploring in the field of AI)
The current era of construction is full of opportunities due to technological advances and the application of artificial intelligence, especially in government software, public safety, manufacturing, stablecoins, chip design, fintech and other fields. AI not only improves efficiency, but also promotes innovation, especially in government automation, public safety technology and manufacturing reshoring. As technology continues to develop, startups have the opportunity to use new tools such as AI to break down barriers in traditional industries and create new solutions that benefit society. At the same time, with the rise of AI-assisted engineering tools, the traditional way of engineering design and building physical systems is also changing, providing entrepreneurs with more opportunities and challenges.
(What is the difference between meme and AI agent: the new incarnation of the attention economy)
This article discusses the similarities and differences between meme coins and AI proxy tokens. They both drive value with attention, but meme coins can only rely on hype, while AI proxy tokens require continuous updates and actual utility to stand out from the competition. At the same time, it analyzes the current investment trends and recommendations for AI proxy tokens.
(Overview of ZK ecosystem applications on Farcaster)
The article explores the role of pseudonyms in promoting the spread of ideas, protecting privacy, and promoting social interaction. From historical figures such as Voltaire to modern anonymous technology applications such as WikiLeaks and anonymous projects on the blockchain, pseudonyms provide individuals with a space to express their opinions without retaliation. Zero-knowledge proof technology has also become a key tool for protecting privacy, allowing the authenticity of information to be verified without revealing personal information. With the rise of decentralized protocol-based applications such as Sealcaster and superanon, the role of anonymity in social networks is constantly being redefined, which provides new possibilities for future digital identities and social models.
(Larry is Farcaster's silver shovel?)
Larry is an emerging asset issuance platform that uses an internal and external pool mechanism similar to Pumpfun for asset issuance, but its threshold is high and it is difficult for ordinary retail investors to participate. Unlike Clanker, the Larry team pays more attention to product and mechanism design, but is relatively weak in brand operation and community building, resulting in its token market value far behind Clanker. Although there were software vulnerabilities and internal operation problems in the early stage, which led to sharp fluctuations in token prices, the team continued to optimize and fix these problems. At present, Larry's development still faces market competition and technical challenges, and the community's evaluation of it is relatively contradictory.
(How to create successful AI agent data?)
This article shares tools and methods that can help improve the performance of AI agents, with a focus on data collection and cleaning. It recommends a variety of no-code tools, such as tools for converting websites to LLM-friendly formats, and tools for Twitter data scraping and document summarization. It also introduces storage techniques, emphasizing that data organization is more important than complex architecture. With these tools, users can efficiently organize data and provide high-quality input for AI agent training.
(An article reviewing Farcaster’s AI Agent Token Launcher)
Farcaster is a decentralized social platform that, despite its distributed infrastructure, remains somewhat centralized due to the control of the founders and core developers. The platform's early experiments in tokenization, such as POINTS, TNX100, and DEGEN, have achieved varying degrees of success and failure, driving community development and liquidity innovation. While token issuance has solved liquidity issues through NFTs, liquidity mining, and crowdfunding, it also faces problems such as "pump and dump" phenomena and sniper robots. To address these challenges, some developers have designed new token issuance mechanisms, such as LarryBot and Onsenbot, to improve the fairness and transparency of issuance. Farcaster's tokenization experiments reflect the complexity of decentralized social networks and token economies, as well as the continuous evolution of related incentive mechanisms.
(Decoding the copycat season: 6 winning strategies for building positions)
The market is entering the second phase of the altcoin cycle. After Bitcoin broke through its all-time high, funds gradually flowed to large-cap altcoins and may eventually flow into small and medium-cap coins. It is expected that altcoins will rise. At this stage, investors should avoid chasing the rise, but instead build positions in batches when the market pulls back, avoiding excessive use of leverage and taking excessive risks. Investors should also remain patient, focus on the long-term market structure, set stop-loss points reasonably, and operate flexibly according to market fluctuations, especially during shocks or pullbacks.
(November Web3 financing review: total financing amount reached 2.1 billion US dollars, and the AI track became the biggest winner)
In November 2024, venture capital activity in the Web3 space was muted compared to other industries. Although overall funding volume was $2.1 billion, the number of deals fell by about half from the previous month, indicating a lackluster year-end funding activity. The volatility in the cryptocurrency market has not had a direct impact on the financing of early-stage startups, and the situation is not expected to improve significantly by the end of the year. Overall, the Web3 market still faces greater financial liquidity challenges, but individual companies have received considerable financing support through technological breakthroughs.
