Market hot spots tracking:

1. Justice Department disposes of Silk Road Bitcoin

U.S. officials confirmed to DB News that the Department of Justice was allowed to dispose of 69,370 Bitcoins related to the Silk Road case, with a market value of approximately $6.5 billion. The Ministry of Justice applied for selling authority on the grounds of avoiding market price fluctuations, and stated that follow-up actions will be strictly carried out in accordance with legal regulations. The market is highly concerned about the potential impact of the sell-off.

2. Popular tracks generally experience corrections

• AI Agents track: BUZZ led the decline, ARC and SWARMS both fell to varying degrees, while AI Memes such as TURBO and SHOGGOTH experienced smaller declines, showing a certain degree of resilience.

• DeSci sector: Performance was divided, with HPO bucking the trend and rising sharply, while the Hyperliquid ecological sector continued its correction.

• Trump Family Coins: Overall resistant to decline, with a decline significantly smaller than the market average.

3. Grayscale adjusts the weight of cryptocurrency large-cap funds

Grayscale announced that it would adjust the weighting of BTC and ETH in its cryptocurrency large-cap fund to 90%, with the remaining assets being XRP, SOL and ADA, and excluding AVAX. According to the announcement, this adjustment is based on the fluctuation of the CoinDesk Large Market Select Index, showing Grayscale’s further focus on mainstream assets in the market.

4. LLM speed pass on SOL chain caused heated discussion

The LLM model speedrun 155M on the SOL chain, the design inspiration is suspected to come from a16z’s LOGO, triggering market speculation about its relationship with a16z. Some people compare it to the cooperation between FARTCOIN and GOAT. However, Him, the core figure of the project, tweeted that he had been blocked by Shaw, the co-founder of a16z, with the text "The end of an era", which added to the volatility of market sentiment.