Web3 AI Daily Review (2025/1/17)

I. Attention Value - Market Highlights

1. Market Trends

(1) Macroeconomic Environment:
l Grayscale executives predict multiple small-scale breakthroughs in the crypto industry by 2025
Grayscale's Managing Director of Research, Zach Pandl, stated that with the approval of spot ETFs in 2024 and the election of Trump, the crypto industry will see more small-scale breakthroughs in 2025. These breakthroughs include increased institutional adoption, Congress enacting a more comprehensive legislative framework, and Bitcoin potentially becoming a reserve asset for the United States. In a conversation with Ric Edelman, founder of the Digital Asset Financial Professionals Committee, Pandl mentioned that it is "not entirely impossible" for Bitcoin to reach $500,000 by 2030. He pointed out that pension funds and endowments, which have been cautious about cryptocurrencies over the past decade, are actively engaging in this field, with some portfolio managers beginning to allocate up to 5% of their assets to crypto, and more institutional approval processes expected to be completed within 6 to 12 months. Additionally, Pandl anticipates that sovereign wealth funds outside the U.S. will increase their investments in crypto assets in the coming months. He is particularly optimistic about the institutional adoption prospects for Ethereum, calling it "one of the most important open-source software projects." In the private equity sector, decentralized finance (DeFi), tokenization of physical assets, and AI tokens may also attract institutional interest.
(2) Web3 Sector:
l Crypto market rises due to CPI data and Trump news; investors remain cautiously optimistic
Presto Research analyst Min Jung noted that the rise in the crypto market was primarily driven by lower-than-expected CPI data, which temporarily alleviated inflation concerns. The core CPI data for December was 3.2%, below market expectations and November's 3.3% level. Additionally, news related to Trump played a significant role, including his plans to make cryptocurrency a "national priority" and his openness to supporting the establishment of a cryptocurrency reserve in the U.S. Min Jung stated that the market is generally cautiously optimistic, while still focusing on inflation issues at the macroeconomic level. Although the lower CPI data provided temporary relief, investors are closely monitoring any signals that may indicate persistent inflationary pressures. He predicts that further news regarding Trump's potential establishment of a national Bitcoin reserve may exacerbate market volatility in the short term.

2. Hot Events

(1) Macroeconomic Environment:
l SEC Chief Legal Officer Megan Barbero to leave on Trump's inauguration day, joining the wave of executive departures in the crypto industry
Megan Barbero, the Chief Legal Officer and General Counsel of the U.S. Securities and Exchange Commission, will leave next week, joining the recent wave of departures of senior officials who have engaged in legal battles with the crypto industry. Barbero's departure is set for January 20, coinciding with the inauguration of U.S. President-elect Donald Trump. SEC Chairman Gary Gensler stated in a statement that Barbero's advice and judgment were crucial to the Commission's decision-making. Prior to her departure, SEC enforcement head Gurbir Grewal left in October, and Paul Munter, who oversaw the agency's controversial crypto accounting policies, also announced his impending departure this week.
(2) Web3 Sector:
l Litecoin ETF expected to be the first altcoin ETF in 2025; Solana ETF may not be approved until 2026
Bloomberg senior ETF analyst Eric Balchunas stated that the Litecoin ETF has met all conditions and is expected to become the first altcoin ETF in 2025. He pointed out that, considering the SEC has commented on the S-1 filing and views Litecoin as a commodity, the reasons for withdrawing the application are not obvious under the new SEC leadership. Meanwhile, Bloomberg industry research analyst James Seyffart mentioned in an interview that despite the White House's friendly stance towards cryptocurrencies, the Solana ETF may not launch in the U.S. until 2026. Seyffart noted that after Trump's election, issuers might see improvements in the backlog of Solana ETF applications, but since the SEC typically takes 240-260 days to review filings, this timeline could be extended. Additionally, the SEC's lawsuit against cryptocurrency exchanges, alleging that SOL constitutes an unregistered security, complicates the review process further.

3. Hot Narratives

l The Future of the Gaming Industry: AI Agents Leading the Rise of the Agentic Metaverse
Recently, with the help of platforms like Solana and Base, the production speed of AI Agents has rapidly increased, resulting in thousands of personalized AI Agents emerging in just a few months. Multimodal AI projects such as Hive and arc are rising, promoting interaction and collaboration among Agents. The development of the Agentic game engine will enrich interactions between players and dynamic NPCs. There are already successful cases in the market, such as the Digimon game backed by a16z, which allows players to interact deeply with AI. Moddio, as an open-source game engine, has achieved significant growth after transitioning to Web3, providing developers with low-barrier, high-efficiency solutions. The Agentic Metaverse/Game is gradually approaching us, addressing the issue of insufficient players in the early stages of Web3, accelerating new game development, and paving the way for the mass adoption of Agentic Games, laying the foundation for future development.

II. Attention Value - Hot Projects

1. Project Introduction
l $AGIXT | AI Agent | @AGiXT
- AGiXT is a dynamic AI agent automation platform that seamlessly orchestrates instruction management and complex task execution across different AI providers. AGiXT combines adaptive memory, intelligent features, and a multifunctional plugin system to provide efficient and comprehensive AI solutions.
- GitHub: Written in Python, the project started two years ago and currently has over 2,700 stars on GitHub. These stars have not just recently increased; according to its star history, AGIXT was initiated as early as last year, with a steady rise in stars since July 2023. The project was not hastily laid out to cater to the current AI Agent craze but is a result of long-term investment.
- DEV is @JoshXT, a person dedicated to continuous contributions in the AI open-source field, who made 8,000 code contributions on GitHub last year.
- DEV has transferred a total of 450M tokens to the streamflow contract, with 5% undergoing a two-year linear release, starting from January 16, 2025, unlocking automatically every two weeks until January 28, 2027.
- The market cap exceeded $94 million within 4 hours of launch, with a trading volume of $128 million.

III. Attention Value - Sector Rotation

1. Hot Sectors
Data Source: Dune, Dot Labs

Data Source: Dune, Dot Labs
2. Internal Sector

Data Source: Dune, Dot Labs