1. Attention Value - Market Highlights
1. Market Trends
(1) Macroeconomic Environment:
l Franklin Templeton's Outlook for the Crypto Industry in 2025: A Shift from Speculation to Practicality
Franklin Templeton Digital Assets has released its 2025 outlook for the crypto industry, emphasizing that as the foundational technology of cryptocurrencies matures, the industry will experience a shift from speculation to practicality. The outlook indicates that key factors include regulatory clarity, institutional adoption, and technological advancements. The U.S. Securities and Exchange Commission (SEC) is expected to promote the diversification of financial products related to cryptocurrencies, helping the U.S. regain its status as a global center for crypto innovation. At the same time, the U.S. will introduce a regulatory framework for stablecoins, paving the way for major financial institutions to issue their own stablecoins. Bitcoin will further solidify its status as a digital store of value asset, and some countries may increase their strategic reserves. Additionally, as various industries seek efficient decentralized solutions, the demand for decentralized physical infrastructure networks (DePIN) will rise. The combination of artificial intelligence and cryptocurrencies will also accelerate, with blockchain technology providing transparency and verification for the AI economy. Overall, 2025 will be a significant turning point for the crypto industry, and all stakeholders need to pay attention to these dynamic changes.
(2) Web3 Sector:
l Mary Daly: Cryptocurrencies Should Be Viewed as Independent Assets, Not Yet Ready to Become 'Currency'
Mary Daly, President of the San Francisco Federal Reserve, stated in a podcast on December 31 that cryptocurrencies should be viewed as an independent asset class rather than being conflated with gold. She noted that the complexity of cryptocurrencies means they are not yet ready to become a "currency." Daly emphasized the importance of understanding the true meaning of cryptocurrencies, mentioning that they can serve as a currency, medium of exchange, or asset, but these definitions need to be clarified. She further pointed out that, although cryptocurrencies sometimes exhibit gold-like characteristics, they are not equivalent to gold. Daly agreed with Federal Reserve Chair Jerome Powell's view that cryptocurrencies currently lack the necessary attributes to function as currency.
2. Hot Events
(1) Macroeconomic Environment:
l Judge Postpones CFTC vs. Gemini Trial to January 21, Potentially Impacting the Future Direction of the Crypto Industry
Judge Alvin Hellerstein of the New York court has decided to postpone the civil trial between the Commodity Futures Trading Commission (CFTC) and Gemini Trust Company to January 21, 2024, from the originally scheduled date of January 13. This case stems from the CFTC's allegations against Gemini in 2022, accusing it of providing false or misleading statements to the CFTC when applying to offer Bitcoin futures contracts in 2017. The new trial date coincides with the inauguration of a new president, which may influence the CFTC's stance towards Gemini and other crypto companies. The court stated that further delays would not be approved unless special circumstances arise.
(2) Web3 Sector:
l Brian Armstrong: ResearchHub Community Significantly Grows, Focus on Improving Academic Publishing and Fundraising in 2025
On December 31, Coinbase CEO Brian Armstrong stated on social media that the ResearchHub community has achieved significant growth over the past year. He mentioned that it is exciting to see some ideas conceived years ago finally coming to fruition. Looking ahead to 2025 and beyond, Armstrong emphasized that there is still much work to be done, including improving academic publishing (shortening the publication cycle of ResearchHub journals), optimizing peer review (providing compensation for reviewers), fundraising, and facilitating the reproducibility of research results (introducing prediction markets).
3. Hot Narratives
l AI Meme Tokens Surge: ai16z and ELIZA Both Reach All-Time Highs, Causing Trademark Controversy
On December 31, AI Meme tokens experienced a general increase, with both ai16z and ELIZA reaching all-time highs. ai16z surged by 35.6% in 24 hours, reaching a market capitalization of $1.86 billion, while ELIZA's increase was even more significant, at 56.4%. AI agent projects have garnered widespread attention, with ai16z announcing on social media that ElizaV2 is in the early stages of development, aiming to improve architecture, enhance scalability, and optimize plugin management. The team indicated that V1 would remain stable, focusing on pull requests, documentation, and issue fixes, while encouraging developers to continue building on V1 and will notify users once the testing schedule for V2 is confirmed. Additionally, Haseeb Qureshi, managing partner of Dragonfly, raised concerns on social media about whether ai16z's market capitalization infringes on a16z's trademark rights. He pointed out that ai16z initially appeared to be a parody project but has now become more legitimate and has a positive development roadmap. He also mentioned, "Without commercial intent, it's hard to become a token with a market cap of $1 billion."
2. Attention Value - Hot Projects
1. Project Overview
l $dGPU | AI Agent | @dantegpu
- ANTE-GPU is an AI smart agent and market platform based on Solana, designed to intelligently recommend the optimal AI model and GPU combination based on user project requirements.
- The platform provides real-time availability checks, budget and performance customization suggestions, and supports flexible billing, helping users optimize projects for the best performance at the most reasonable cost.
- ANTE-GPU can address low resource utilization, high costs, and limited access issues associated with traditional GPUs.
3. Attention Value - Sector Rotation
1. Hot Sectors
Source: Dune, Dot Labs
Source: Dune, Dot Labs
2. Internal Sector
Source: Dune, Dot Labs