1) Market Trends

BTC continues to decline, and altcoins are generally down. Market rumors suggest that BlackRock is dumping BTC ETF, engaging in short-term trading. The SOL/ETH exchange rate has reversed, with liquidity returning from exchanges back to the blockchain.

US stocks have fallen sharply, and rising US Treasury yields are putting pressure on the stock market.

2) Market Highlights:

1. The AI sector has surged, with significant gains 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 dual oligopoly competition similar to Android and Apple with Virtual. ARC has accelerated developer activities recently, and in the long run, the Rust language-based AI platform has stronger momentum. 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, with Sun Ge stepping down, it indicates that the AI agent market is overheated and may reach a temporary peak in the coming weeks.

2. Meme coins like SPX, GIGA, and WOULD continue to experience slow declines. SPX and GIGA are Murad's stocks, returning to new highs after several months of adjustment. WOULD is a meme associated with Musk, soaring 200 times to a market value of $300 million in three months.

3. On-chain token TSOTCHKE has surged, with US stocks speculating on quantum computing, and now the blockchain is also beginning to speculate on quantum computing's DeSci.

4. The DeFi sector is generally weakening. A new US DeFi broker bill has strengthened regulation, requiring DeFi users to undergo KYC and pay taxes, expected to be implemented as early as 2027.