Market Dynamics and Hotspot Analysis

Macroeconomic Environment

The Federal Reserve reassesses the impact of the Trump administration on the economy

The Federal Reserve is reassessing the potential impact of the new Trump administration on the U.S. economy and inflation. Reports indicate that the Fed Chair has expressed dissatisfaction with the public comments of some officials, believing they have too directly linked Fed policy to changes in Trump's policies. Currently, the market widely expects that the Fed's future rate cuts will be more gradual and cautious.

Analysts point out that the outlook for the Federal Reserve's interest rate cuts in 2025 is full of uncertainty, and investors need to cope with the potential economic turmoil that may arise. According to market data, the probability of the Federal Reserve keeping interest rates unchanged in January next year is 87.2%, while the probability of a 25 basis point cut is 12.8%. By March next year, the probability of maintaining the current interest rate is 50.6%, the probability of a 25 basis point cut is 44.1%, and the probability of a 50 basis point cut is 5.4%.

Cryptocurrency Market

Bitcoin has once again fallen below 95,000 US dollars.

The cryptocurrency market continues to fluctuate downward, with Bitcoin falling again to a low of $93,000, marking a new low in nearly a week. According to data platforms, the funding rates on major exchanges indicate a generally bearish sentiment in the market. Meanwhile, Bitcoin spot ETFs saw a net outflow of $287 million on Friday, bringing last week's total net outflow to $376 million. During the market adjustment period, tokens on centralized trading platforms performed relatively well, while the interest in AI Agent-related projects continues to grow, with significant capital inflows.

Industry Trends

Cryptocurrency investment institutions oppose the new regulations from the U.S. Treasury Department.

The regulatory head of a well-known crypto investment firm posted on social media, expressing the company's confidence in DeFi, believing that DeFi will make financial services and the digital economy more convenient, efficient, interoperable, reliable, and consumer-centric. However, the head pointed out that the recent new broker-dealer reporting rule issued by the U.S. Treasury poses a direct threat to this vision and could hinder the future of DeFi innovation in the United States.

The agency supports lawsuits initiated by multiple blockchain organizations, arguing that the IRS and the Department of the Treasury have exceeded their statutory authority, violated the Administrative Procedure Act (APA), and may be unconstitutional. They emphasize that they will continue to fight for the future of DeFi in court, Congress, and with the support of the new administration.

The Malaysian regulatory agency takes action against a certain trading platform.

The Securities Commission of Malaysia has taken strict enforcement action against a cryptocurrency trading platform and its CEO because the platform operated a cryptocurrency asset trading business locally without proper registration. The regulator has ordered the platform to immediately cease all operations in Malaysia and complete rectification within 14 working days starting from December 11. In addition, the platform has also been instructed to terminate all advertising activities aimed at Malaysian investors and to close social media groups that provide support to local users.

Regulators stated that this decision is based on concerns about whether the platform complies with local regulatory requirements and protects investors' rights. According to relevant Malaysian laws, operating a digital asset trading platform (DAX) without registration as a recognized market operator (RMO) by the Securities Commission is considered illegal.

Market Hotspots

AI agency market rises against the trend

Despite the overall pullback in the cryptocurrency market, the AI agent sector has risen against the trend, with a 24-hour increase of 1.54%. ai16z recently released a proposal for an updated tokenomics, focusing on innovations in the Eliza framework during the Launchpad phase in Q1 2025, through the acquisition of mature technologies and teams, and achieving multi-chain integration to enhance mechanisms for capturing value such as launch fees and staking. The second phase aims at ecological growth and incentive synergies, with the goal of allowing multiple products to mutually increase value, strengthening the connections between ai16z tokens, and incentivizing developers through buybacks and ecological funds.

Subsequently, the market value of ai16z soared to 1.5 billion dollars, setting a new historical high, reflecting the market's recognition of the potential of AI agents.

Large-scale Airdrop in the Solana Ecosystem

Recently, there was a large-scale airdrop in the Solana ecosystem, representing a breakthrough in Solana token technology. This airdrop allocated 10% of the total supply to wallets holding more than 0.006 SOL during the snapshot period on August 30, totaling 27,775,857 wallets, achieving true large-scale distribution using ZK Compression. In contrast to traditional airdrop methods that require 55,550 SOL as a fee, this airdrop only required 22.2 SOL.

The token's market value surpassed 10 million USD within half an hour of its issuance, then retraced to 7 million USD, and is currently quoted at approximately 11 million USD.