1) Market Trends

BTC continues to decline, while altcoins are also falling. There are market rumors that BlackRock is dumping BTC ETFs, engaging in buying high and selling low for trading. The SOL/ETH exchange rate has reversed, and liquidity is returning from exchanges back to the blockchain.

US stocks have plummeted, and rising US bond yields are putting pressure on the stock market.

2) Market Highlights:

1. The AI sector has surged, with significant increases in SOL chain's AI16Z, ARC, Zerebro, BASE chain's Virtual, AIXBT, Luna, and Hype chain's Vapor. AI16Z has released a new white paper, forming a duopoly competition similar to Android and Apple with Virtual. ARC has accelerated developer activity recently, and looking long-term, the AI platform based on Rust language has more potential. Vapor is an AI launch platform on the Hype chain, collaborating with Eliza, and after being recommended by AIXBT, it surged fourfold in one day. However, Sun Ge's exit indicates that the AI agent market is overheated and may peak in the coming weeks.

2. Meme coins like SPX, Giga, and Would continue to show steady declines. SPX and Giga are Murad's stocks, which have returned to new highs after a few months of adjustment. Would is a Musk-concept meme that has surged 200 times to a market cap of $300 million in three months.

3. On-chain low-quality coins like Tsotchke have soared, while US stocks are speculating on quantum computing, and on-chain speculation on quantum computing's DeSci has also begun.

4. The DeFi sector is generally weakening. A new US bill for DeFi brokerages strengthens regulation, requiring DeFi users to complete KYC and pay taxes, with implementation expected as early as 2027.