Original article by: Marco Manoppo

Compiled by Odaily Planet Daily (@OdailyChina)

Translator｜Azuma (@azuma_eth)

Editor’s note: Primitive Ventures investor Marco Manoppo has been quite prolific recently. After his article last week about how he missed out on Virtuals (see (VC’s Self-Report: How I Missed the Opportunity to Make Hundred Times More Money with Virtuals)) went viral, Manoppo published another new article today.

In the article, Manoppo outlined the potential impact of passive investment funds on Bitcoin buying as Bitcoin gradually approaches traditional finance, especially after MicroStrategy (stock code: MSTR) officially entered the Nasdaq 100 Index. Based on this background, Manoppo said that although the cryptocurrency market has seen some recent pullbacks and is currently in the price discovery range, he is more optimistic about Bitcoin than ever.

Odaily Planet Daily reported that the latest report from the North American Electric Reliability Corporation (NERC) shows that the rapid development of cryptocurrency mining and AI data centers is driving unprecedented electricity demand in North America. Taking Texas as an example, the annual growth rate is expected to reach 4.6% during the summer peak in 2029, which is four times the previous forecast. The NERC report points out that electricity usage for crypto mining often fluctuates with market prices, leading to sudden changes in grid load, while AI data centers significantly increase electricity consumption due to processing, cooling, and storage demands. The consumption characteristics and load behavior uncertainties of these industries further exacerbate the pressure on the grid during peak periods or operational failures. In response to this trend, Texas has implemented energy response programs and strengthened distributed energy management through HB 3390, and some mining companies like MARA have also begun to shift towards renewable energy. (Cointelegraph)

Odaily Planet Daily News: Sahara AI, a decentralized AI blockchain platform, published a statement on the X platform: With the official launch of the first phase of the test network, the 2024-2025 project roadmap has been released, mainly including: 2024 Q4: Launch the first phase of the test network through the data service platform, which is now online; the second quarter will start in the first quarter of 2025. 2025 Q1: Launch the AI ​​market, introduce limited access to developer tools, and expand the data service platform. 2025 Q2: Launch Sahara Studio, a comprehensive tool to simplify AI development, including model training toolkits, model deployment toolkits, and model orchestration toolkits. 2025 Q3: Sahara Chain mainnet is launched, providing the on-chain infrastructure required to support large-scale decentralized AI. It is understood that the project is committed to enabling users to participate in the AI ​​economy from day one.

In the last NFT project review (related reading: 8 NFT new projects worth paying attention to recently), we mainly reviewed some new opportunities on the Abstract chain. You may feel that new projects on the Abstract chain are quite competitive now, and many NFT content creators are trying to highlight their reviews on Twitter to gain an edge in the whitelist wars, making it increasingly difficult.

When the difficulty of obtaining whitelist spots is not just increasing for individual projects but for the entire ecosystem, the odds space naturally gets compressed. In this article, we focus on the increasingly prominent Monad NFT, supplemented by Story Protocol, what are the things worth our attention?

Odaily Planet Daily News: The cross-chain interoperability protocol Analog has announced the launch of its mainnet. The initial phase of the mainnet will adopt a PoA (Proof of Authority) consensus mechanism, and will subsequently introduce key features such as NPoS (Nominated Proof of Stake) consensus, cross-chain messaging, and data querying through runtime upgrades, which are expected to be completed before the Token Generation Event (TGE). After the mainnet launch, developers can build powerful multi-chain applications based on Analog, achieving decentralized and interoperable solutions. Analog's tech stack supports cross-chain smart contract execution, allowing developers to create complex applications that can respond to events in the multi-chain ecosystem. Currently, over 50 projects are being developed within the Analog ecosystem, including StationX, Parami Protocol, Frax Finance, XYO, and Vemo Network, covering various industry scenarios. Previously, it was reported that the cross-chain interoperability protocol Analog completed a $16 million financing round led by Tribe Capital.

Original | Odaily Planet Daily (@OdailyChina)

Author | Asher (@Asher_ 0210 )

Secondary market performance of the blockchain gaming sector

As of today, according to Coingecko data, the Gaming (GameFi) sector has fallen 14.6% over the past week; the current total market value is $24,232,961,962, ranking 46th in the sector, a decline of 2 places compared to last week's total market value ranking. In the past week, the number of tokens in the GameFi sector increased from 630 to 648, adding 18 projects, ranking 5th in the sector, only behind DeFi, NFT, Meme, and Finance/Banking sectors.

Odaily Planet Daily News: Matrixport released today's chart stating that when Bitcoin surged more than 40% in 30 days, we had warned that a consolidation phase might follow the rapid increase, as such a swift rise is usually difficult to sustain. It has proven that after Bitcoin achieved a 40% increase, a pullback occurred, consistent with previous cycle patterns. Currently, the price has dropped about 3% compared to a month ago. In a bull market, a price pullback of 10% to 20% from recent highs often forms an ideal re-entry range. Taking Bitcoin's peak of $108,000 as an example, if the price consolidates between $90,000 and $95,000, this could become an excellent pullback range. As long as the price remains within a -20% pullback range and continues the current cycle's trend, it is expected to lay a solid foundation for a new round of increases in 2025.