
DeFAI, a fusion of Decentralized Finance DeFi and Artificial Intelligence AI, represents a significant evolution in on-

Understand DeFAI in 5 Minutes

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<h2 class="heading-2"><strong>Headline News</strong></h2>
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<ul class="list-bullet1">
<li class="ace-line ace-line old-record-id-ETFTdMSAroWEnQx2UoNuuBgysRb" data-list="bullet">
<div>- The U.S. President-elect Donald Trump launched its own TRUMP memecoin on Solana last weekend with 20% allocated to liquidity and public distribution equally, while the remaining 80% is reserved for the team. The FDV of TRUMP coin surged over $75 billion last Sunday and Solana's market cap has increased by 34% in the past week to $130 billion. TRUMP token has quickly been listed across major exchanges, including Binance and Coinbase, and the annualised funding rate in Binance was trading at approximately 100%. The Moonshot app surged to the top 1 among financial apps in the U.S on the AppStore.</div>
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<li class="ace-line ace-line old-record-id-OEPPdEbrLo66uRx9QkhutCt0s6b" data-list="bullet">
<div>- The multi-million fees generated by the LP contract on Meteora DEX have actively swapped for SOL and transferred to CEX, while WLFI has been actively accumulating ETH. Shortly after, first lady Melania Trump also launched her memecoin.</div>
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<li class="ace-line ace-line old-record-id-VyINdEmxVoyPK2x6qsQugZhwskd" data-list="bullet">
<div>- Despite Donald Trump being expected to issue an Executive Crypto Policy Order that addresses the de-banking of crypto-related organisations and repeal of crypto accounting policy that requires banks holding digital assets to count as liability on its balance sheet, the president didn't make mention of Bitcoin or crypto in his inauguration speech.</div>
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<h2 class="heading-2"><strong>Macro-Outlook</strong></h2>
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<ul class="list-bullet1">
<li class="ace-line ace-line old-record-id-RH4SdMZjYopG7HxSLBLu1y3gsHb" data-list="bullet">
<div>- The U.S. PPI increased by 0.2% in December, lower than the market expectation of 0.3%.</div>
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<li class="ace-line ace-line old-record-id-NbPTd6NSpoB0t5xciVCueBpfsCc" data-list="bullet">
<div>- The U.S. Core inflation rate increased by 0.2% in December, below from 0.3% in November and slightly below market expectation of 0.3%. Analysts projected the core PCE index in December to rise between 0.16% and 0.19%, which has been seen as positive signs reinforcing expectations of 2 rate cuts in 2025.</div>
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<li class="ace-line ace-line old-record-id-RglidGj51ot6u5xc73huOHhqsec" data-list="bullet">
<div>- The U.S. Retail sales increased by 0.4% in December, well below market expectation of 0.6%.</div>
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</ul>
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<h4 class="heading-4"><strong>Upcoming Economic Calendar including,</strong></h4>
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<ul class="list-bullet1">
<li class="ace-line ace-line old-record-id-doxusGQFff3K4LKCsKXes5d7ZKg" data-list="bullet">
<div>- Friday, January 24, 11:00am: BoJ Interest Rate Decision (25bps hike is expected)</div>
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</ul>
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<h2 class="heading-2"><strong>Weekly-Cryptos-Overview</strong></h2>
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<ul class="list-bullet1">
<li class="ace-line ace-line old-record-id-doxusyURW0Toc2ybkt83GNfZUlh" data-list="bullet">
<div>- Nasdaq has filed&nbsp;<a rel="nofollow" href="https://x.com/Cointelegraph/status/1879988448150311223">Litecoin</a> ETF with the SEC. Bloomberg analyst, Eric Balchunas predicted Litecoin is likely to be the crypto ETF to be approved.</div>
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<li class="ace-line ace-line old-record-id-Sj8BdWMdMo8vEIxBw8SuIPoWssb" data-list="bullet">
<div>- VanEck filed&nbsp;<a rel="nofollow" href="https://www.theblock.co/post/334900/vaneck-files-prospectus-for-onchain-economy-etf">Onchain Economy ETF</a> with the SEC, aiming to invest in crypto-focused companies such as exchanges, crypto payment platforms and mining firms.</div>
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<h3 class="heading-3 ace-line old-record-id-doxusKMMIMekIaHMriCRMP0COxh">&nbsp;&nbsp;<strong>Layer 1 and Layer 2s</strong></h3>
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<li class="ace-line ace-line old-record-id-LFwGdPJ4VodXEqx2nsDuZd11sJ5" data-list="bullet">
<div>- Vitalik announced a structural change to&nbsp;<a rel="nofollow" href="https://x.com/VitalikButerin/status/1880635379771904423">Ethereum Foundation leadership</a>, improving technical expertise and communications skills within EF leadership. Vitalik also changed his X profile picture to Milady NFT.</div>
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<li class="ace-line ace-line old-record-id-doxusEnZp6IiEloo0J1mukPrpnh" data-list="bullet">
<div>- Soneium has launched its&nbsp;<a rel="nofollow" href="https://x.com/soneium/status/1878988222866350348">mainnet</a>, focusing on entertainment, gaming, consumer, social, NFT and DeFi development. Shortly after the launch, Soneium blacklisted certain memecoins, citing intellectual property rights violations. The actions led to some backlash, while Vitalik demonstrated his support toward corporate-control L2s.</div>
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<li class="ace-line ace-line old-record-id-EN4ydbwpYoxv9DxcrU5uoX2Rsxc" data-list="bullet">
<div>- Saga introduced&nbsp;<a rel="nofollow" href="https://medium.com/sagaxyz/saga-unites-virtuals-eliza-labs-wayfinder-and-metropolis-to-usher-in-the-future-of-blockchain-e96dcaa39316">Metropolis</a>, enabling AI agents to its own Layer 1 on Saga infrastructure. Metropolis is partnered with Eliza Labs, Virtuals and Wayfinder.</div>
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<h3 class="heading-3 ace-line old-record-id-doxusP7PYzjA80gok78G0QFF76i">&nbsp;&nbsp;Dapps</h3>
<ul class="list-bullet1">
<li class="ace-line ace-line old-record-id-doxusRtFdDycRUs2ohxynrhnrrh" data-list="bullet">
<div>- The Eliza team has published its&nbsp;<a rel="nofollow" href="https://arxiv.org/pdf/2501.06781">whitepaper</a>, introducing the AI agent modular operating system for developers.</div>
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<li class="ace-line ace-line old-record-id-LA4fdeubJoOrdTxUy8MumwrTsUh" data-list="bullet">
<div>- Virtuals announced a&nbsp;<a rel="nofollow" href="https://x.com/virtuals_io/status/1879474894007927189">buyback-and-burn</a> for agent tokens from the post-bonding taxes using 30-day TWAP. 30% of the revenue will be allocated to the agent deployer wallet.</div>
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<li class="ace-line ace-line old-record-id-NWybdmCnhojg0nxDzdpuO2EbsNq" data-list="bullet">
<div>- Coinbase launched the cbBTC lending vault powered by&nbsp;<a rel="nofollow" href="https://x.com/MorphoLabs/status/1879903267146309805">Morpho</a> on Coinbase exchange, users are able to borrow USDC against their cbBTC holding.</div>
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<li class="ace-line ace-line old-record-id-JWEpdEkiToP6XQxKWjIumPlvsGc" data-list="bullet">
<div>- Tether launched&nbsp;<a rel="nofollow" href="https://x.com/USDT0_to/status/1879921612838805583">USDT0</a>, an OFT standard token powered by Layer Zero, which enables the stablecoin cross-chain across major blockchain with low fees.</div>
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<li class="ace-line ace-line old-record-id-A2BKdOmuVoO6dnxfpjNuFAg9s3d" data-list="bullet">
<div>- Ethena USDe and sUSDe are approved to be integrated into&nbsp;<a rel="nofollow" href="https://mirror.xyz/0xF99d0E4E3435cc9C9868D1C6274DfaB3e2721341/LjBAybIk6-waSxwOBWp5mg_37jNvrWF_UdzqqXoEl6U">Spark</a>'s Liquidity Layer, enabling Spark to access Ethena rewards directly rather than via the lending market.</div>
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<li class="ace-line ace-line old-record-id-LRthdNr6IoToVsxakk5u05TssKd" data-list="bullet">
<div>- Liquity introduced&nbsp;<a rel="nofollow" href="https://x.com/LiquityProtocol/status/1879543331333788149">sBOLD</a>, yield-bearing version of its V2 stablecoin BOLD, which compounding ETH rewards back into BOLD from V2 Stability Pools.</div>
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<li class="ace-line ace-line old-record-id-GCc9dZbaNoNIDPx2iwau1lV9sRe" data-list="bullet">
<div>- Fluid launched&nbsp;<a rel="nofollow" href="https://x.com/0xfluid/status/1879936725604241753">GHO/USDC</a> smart vault. Fluid has facilitated over $1 billion trading volume in the past week, ranked in the top 3 among Uniswap and Curve, despite being as lending protocol as its core.</div>
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<li class="ace-line ace-line old-record-id-Wldfdu2x1o7zeDxAXYkuuyrls2d" data-list="bullet">
<div>- Solv launched its&nbsp;<a rel="nofollow" href="https://solvprotocol.medium.com/solv-token-launch-a-step-towards-the-future-of-bitcoin-finance-5fb64a69220b">SOLV</a> token across multiple major exchanges including Binance and Hyperliquid. Approximately 18% of SOLV was circulating at launch and the token can be used to enjoy fee discounts such as redemption fees for SolvBTC.</div>
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<li class="ace-line ace-line old-record-id-K9R1dCB1eo5kf7xGaOnuNqNAsVf" data-list="bullet">
<div>- Pyth introduced&nbsp;<a rel="nofollow" href="https://www.pyth.network/blog/introducing-pyth-lazer-launching-defi-into-real-time">Pyth Lazer</a>, offering 1ms update times for price feeds and market data.</div>
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<li class="ace-line ace-line old-record-id-FJyrdw42mooX4Qxhhzeuismysbd" data-list="bullet">
<div>- Justin Sun announced&nbsp;<a rel="nofollow" href="https://x.com/justinsuntron/status/1879568515948228998">USDD 2.0</a>, offering 20% APY.</div>
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<li class="ace-line ace-line old-record-id-RSB8defNvo1Zoexr895umqeNslb" data-list="bullet">
<div>- Worldcoin announced new upgrades to World Mini Apps and the launch of&nbsp;<a rel="nofollow" href="https://world.org/blog/announcements/world-mini-apps-milestones-new-features-incubator-announced">Mini Apps incubator.</a></div>
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<li class="ace-line ace-line old-record-id-KoG5dzGX5oD8HHxcLqDuttBisdc" data-list="bullet">
<div>- Frax Finance launched&nbsp;<a rel="nofollow" href="https://x.com/fraxfinance/status/1878880055260332218">frxETH V2</a>, enabling LendingPool for validators with minimum 8 ETH to borrow 24 ETH from the pool to run a node.</div>
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<h2 class="heading-2"><strong>Upcoming Alpha and Governance</strong></h2>
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<li class="ace-line ace-line old-record-id-doxusX4lv3LH6AZuknIeMYFwqXl" data-list="bullet">
<div>- Azuki announced ANIME token will be launched on January 23.</div>
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<li class="ace-line ace-line old-record-id-Y1rRd0xCioy8EFxF1OAusc5qsl7" data-list="bullet">
<div>- World Liberty Financial is expected to deliver a major announcement this week.</div>
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<li class="ace-line ace-line old-record-id-Q6isdNZfLoZ54QxMAoEugRP1shg" data-list="bullet">
<div>- Multicoin Capital partners proposed&nbsp;<a rel="nofollow" href="https://github.com/solana-foundation/solana-improvement-documents/pull/228/files">SIMD-0224</a>, suggesting Solana adapting Smart Emissions to its network emissions. The example given in the proposal suggests a target staking participation rate of 50%, 70% participation rate will reduce the inflation rate by 1% and 40% participation rate will increase the inflation rate by 0.5%.</div>
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<h3 class="heading-3"><strong>Token Unlock</strong></h3>
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<ul class="list-bullet1">
<li class="ace-line ace-line old-record-id-KgwBdLo3CoGj2cx1FrAu0L9sskI" data-list="bullet">
<div>- WELL token unlocked on January 23rd, amount representing 1.17% of the token supply.</div>
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<li class="ace-line ace-line old-record-id-USQndxIzqorGuixR3gRuXpYbsad" data-list="bullet">
<div>- IMX token unlocked on January 24th, amount representing 1.43% of the token supply.</div>
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<li class="ace-line ace-line old-record-id-MEUGdT1dWoAsHZxvyYhu5V7gsOb" data-list="bullet">
<div>- ALT token unlocked on January 25th, amount representing 10.4% of the token supply.</div>
</li>
<li class="ace-line ace-line old-record-id-ZKvYdOYcwoCMVZxVZnPuPgtJsPc" data-list="bullet">
<div>- RON token unlocked on January 27th, amount representing 8.86% of the token supply.</div>
</li>
<li class="ace-line ace-line old-record-id-DaDBd2gpQoITrYxzn6Au4xEwsNh" data-list="bullet">
<div>- GRASS token unlocked on January 28th, amount representing 1.51% of the token supply.</div>
</li>
<li class="ace-line ace-line old-record-id-CGrudQQGloarEZxW2bBut4g0sOe" data-list="bullet">
<div>- OP token unlocked on January 31st, amount representing 2.38% of the token supply.</div>
</li>
<li class="ace-line ace-line old-record-id-XwjYdwXFZoZxh6x3XcQuu1LKsde" data-list="bullet">
<div>- SUI token unlocked on February 1st, amount representing 2.66% of the token supply.</div>
</li>
<li class="ace-line ace-line old-record-id-Mv0WdpNuNotxPbxscXguLYtdscb" data-list="bullet">
<div>- JTO token unlocked on February 7th, amount representing 3.97% of the token supply.</div>
</li>
</ul>
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<div class="ace-line ace-line old-record-id-doxusJdtVermmKuVYmjuXiWjMse">&nbsp;</div>
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Headline News



- The U.S. President-elect Donald Trump launched its own TRUMP memecoin on Solana last weekend with 

Weekly Market Insight: January Week 4

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<div>
<h2 class="heading-2"><strong>Headline News</strong></h2>
<div>
<ul class="list-bullet1">
<li class="ace-line ace-line old-record-id-QWendQkufoGy8GxIIjvuC0QpsFc" data-list="bullet">
<div>- Bitcoin's price declined by 3.9% last week, driven by a combination of factors. Key economic data suggesting a delay in interest rate cuts weighed on market sentiment, while reports that the U.S. Department of Justice has received approval to liquidate 69,370 Bitcoin seized from&nbsp;<a rel="nofollow" href="https://x.com/tier10k/status/1877176406905356670">Silk Road</a> further added to the selling pressure.</div>
</li>
</ul>
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<div class="ace-line ace-line old-record-id-doxusPPoNkJHJdDKzd3ITq7S7Tg">&nbsp;</div>
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<div>
<h2 class="heading-2"><strong>Macro-Outlook</strong></h2>
<div>
<ul class="list-bullet1">
<li class="ace-line ace-line old-record-id-doxus8AByDlYjutdg5rSrr07jdg" data-list="bullet">
<div>- The U.S. ISM Services PMI rose to 54.1 in December, above market expectation of 53.3.</div>
</li>
<li class="ace-line ace-line old-record-id-MP9Yd8xSmo2IyRxXipMuhwp2sth" data-list="bullet">
<div>- The number of job openings increased by 259,000 to 8.098 million in November, from an upwardly revised 7.839 million in October and above market expectations of 7.70 million.</div>
</li>
<li class="ace-line ace-line old-record-id-Uu7Fdi0VIoJDLWxm9auu8UeHsjf" data-list="bullet">
<div>- Minutes from December 2024 further solidify the view of majority of Fed officials judgment that upside risks to the inflation outlook had increased, signaled just two rate cuts in 2025.</div>
</li>
<li class="ace-line ace-line old-record-id-OTyOdw00Eob9jWxpu9NurJU3sUf" data-list="bullet">
<div>- The U.S. Non-Farm Payrolls increased 256K in December, the highest increment in nine months, beating market forecasts of 160K. The unemployment rate slightly cooled to 4.1% in December from 4.2% in the previous month, below market expectations of 4.2%.</div>
</li>
</ul>
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</div>
</div>
<div class="ace-line ace-line old-record-id-doxuskIfDF4taBZrbSEsMz5Fubg">&nbsp;</div>
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<div>
<h4 class="heading-4"><strong>Upcoming Economic Calendar including,</strong></h4>
<div>
<ul class="list-bullet1">
<li class="ace-line ace-line old-record-id-doxuscUpHiOL1xRXUNFzvJvltHf" data-list="bullet">
<div>- Tuesday, January 14, 9:30pm: The U.S. PPI in December</div>
</li>
<li class="ace-line ace-line old-record-id-Ckk1daWRGoZqe0xptvFuThjvswf" data-list="bullet">
<div>- Wednesday, January 15, 9:30pm: The U.S. Inflation Rate in December</div>
</li>
<li class="ace-line ace-line old-record-id-ATIcdju08o4EKExpryauOALss0b" data-list="bullet">
<div>- Thursday, January 16, 9:30pm: The U.S. Retail Sales in December</div>
</li>
</ul>
</div>
</div>
</div>
<div class="ace-line ace-line old-record-id-doxusw7EQvLzDHpN56Ya7CO8Ase">&nbsp;</div>
<div class="ace-line ace-line old-record-id-doxusPmNds9EqMGCF20rQzuj8qg">
<div>
<h2 class="heading-2"><strong>Weekly-Cryptos-Overview</strong></h2>
<div>
<ul class="list-bullet1">
<li class="ace-line ace-line old-record-id-doxus2zwjnXoob3g5zFj86QuQKh" data-list="bullet">
<div>- The&nbsp;<a rel="nofollow" href="https://cointelegraph.com/news/czech-national-bank-governor-open-bitcoin-investment-future">Czech</a> central bank governor stated in an interview that he was considering Bitcoin as part of the bank's diversification strategy.</div>
</li>
<li class="ace-line ace-line old-record-id-EFdpdbQKboggG3xmmX3uitMWsCb" data-list="bullet">
<div><a rel="nofollow" href="https://www.coindesk.com/policy/2025/01/10/kenya-prepares-to-legalize-cryptocurrencies-in-policy-shift-report">- Kenya</a>'s treasury cabinet secretary stated the country is preparing legislation to legalise cryptocurrencies.</div>
</li>
<li class="ace-line ace-line old-record-id-XB0TdlyUkonVZExiAnpuemCxsGb" data-list="bullet">
<div>- Sol Strategies had secured a total of $52.5 million CAD from&nbsp;<a rel="nofollow" href="https://x.com/solstrategies_/status/1876680774055055698">credit facility</a> and <a rel="nofollow" href="https://x.com/solstrategies_/status/1877466651882565967">ParaFi</a> to facilitate their acquisition of SOL.</div>
</li>
</ul>
</div>
</div>
</div>
<div class="ace-line ace-line old-record-id-doxusVEgGZhqtTJDzNKhDYcFf1Q">
<div>
<div>&nbsp;</div>
<div>
<h3 class="heading-3 ace-line old-record-id-doxusUHJevyFniWZOoMXFCFpqde">&nbsp;&nbsp;<strong>Layer 1 and Layer 2s</strong></h3>
<ul class="list-bullet1">
<li class="ace-line ace-line old-record-id-Yp2JdHubpoyDnKxlaOXur0fOsDg" data-list="bullet">
<div>- Arbitrum now supports&nbsp;<a rel="nofollow" href="https://x.com/arbitrum/status/1877420076560953672">ElizaOS</a>. Developers can utilise incentive programs, Trailblazer and Stylus Sprints, to fund their agent development on Arbitrum.</div>
</li>
<li class="ace-line ace-line old-record-id-doxusCXbpJDpqVvcfjwebTTEI5g" data-list="bullet">
<div>- Solana Foundation encouraged testnet validators to perform&nbsp;<a rel="nofollow" href="https://x.com/SolanaFloor/status/1877136015837564948">Frankendancer</a> upgrade in Discord. The test is viewed as the final stage before Firedancer mainnet debut.</div>
</li>
<li class="ace-line ace-line old-record-id-Y9ejdxZaioqHT9xTTTkuqNFEsBd" data-list="bullet">
<div>- Solayer's 2025 roadmap introduces&nbsp;<a rel="nofollow" href="https://x.com/solayer_labs/status/1876360823540695210">InfiniSVM</a>, a hardware-accelerated, infinitely scalable blockchain architecture, achieving 100 Gbps with atomic state.</div>
</li>
<li class="ace-line ace-line old-record-id-BYG1dDhYKoLSUzxiZFrur814s4g" data-list="bullet">
<div>- Starknet introduced&nbsp;<a rel="nofollow" href="https://x.com/Starknet/status/1876992302020976775">SN stack</a>, enabling developers to build their own ZK appchain within Starknet ecosystem.</div>
</li>
</ul>
</div>
</div>
</div>
<div class="ace-line ace-line old-record-id-VSQBdVptsoALESxZbEmuCZnMshb">
<div>
<div>&nbsp;</div>
<div>
<h3 class="heading-3 ace-line old-record-id-doxusVHz3rnJCObFAWeD9XE4ZJb">&nbsp;&nbsp;Dapps</h3>
<ul class="list-bullet1">
<li class="ace-line ace-line old-record-id-doxusmVg6OHgO4ciGPchN9zvBWW" data-list="bullet">
<div>- ElizaOS launched a&nbsp;<a rel="nofollow" href="https://x.com/ai16zdao/status/1878363330391244986">v0.1.8</a> upgrade, introducing 15 text-to-speech support, Intel SGX secure enclave support, protocol integrations such as Hyperliquid and more.</div>
</li>
<li class="ace-line ace-line old-record-id-Uxrud3rh7o81ExxENocum3VCshx" data-list="bullet">
<div>- Nubit introduced&nbsp;<a rel="nofollow" href="https://x.com/nubit_org/status/1877701951640793523">Goldinals</a>, enabling indexing of BRC-20, Ordinals, Runes and more asset standards in a trustless mechanism.</div>
</li>
<li class="ace-line ace-line old-record-id-FWCWdywmkoqk50x1eW9ugevTs0f" data-list="bullet">
<div>- Raydium launched&nbsp;<a rel="nofollow" href="https://x.com/RaydiumProtocol/status/1877415113428447239">perpetual exchange</a> powered by Orderly Network, offering free gas and maker fees.</div>
</li>
<li class="ace-line ace-line old-record-id-PYGBd8fbKo4PTsxMSxjuWmKbskf" data-list="bullet">
<div>- Aiccelerate, an investment DAO on dao.fun backed by multiple notable KOLs in crypto AI Agent narrative, launched its&nbsp;<a rel="nofollow" href="https://x.com/aicceleratedao/status/1878124700997668977">AICC</a> token. However, the launch was considered controversial as the pre-launch was allocated to 245 whitelist insiders which resulted in their initial investment surged over 1000x.</div>
</li>
<li class="ace-line ace-line old-record-id-X6jVdZzkjo8AM9xdHo2us8RzsYg" data-list="bullet">
<div>- Illuvium partnered with&nbsp;<a rel="nofollow" href="https://x.com/illuviumio/status/1876631944299249776">Virtuals</a> to leverage G.A.M.E Framework to create interactive NPC for personalised player experience.</div>
</li>
<li class="ace-line ace-line old-record-id-Nkm1dEC9EoR5I9xH4JnuGiEOsOG" data-list="bullet">
<div>- Ether.fi launched&nbsp;<a rel="nofollow" href="https://x.com/ether_fi/status/1876667851874169340">Liquid BTC Yield</a> vault, offering 15% APY from points across 8 protocols.</div>
</li>
<li class="ace-line ace-line old-record-id-RUijdGpRCoqj8nxT0SWuBB4AsAe" data-list="bullet">
<div>- Phala Network announced&nbsp;<a rel="nofollow" href="https://x.com/PhalaNetwork/status/1877052813383184606">v2.0</a>, an OP Succinct Layer 2 on Ethereum, bringing TEE services closer to Ethereum developers.</div>
</li>
<li class="ace-line ace-line old-record-id-TmbAdqOmYoLH4txe4mmuKGw0sqe" data-list="bullet">
<div>- Thorchain paused the&nbsp;<a rel="nofollow" href="https://blockworks.co/news/thorchain-executive-decision-restructuring">ThorFi Savers and Lending</a> programs for the next 12 months, citing its complexity and burden potentially caused by redemption mechanism could drive away participants.</div>
</li>
<li class="ace-line ace-line old-record-id-VtbGd5nANo3mZVxYxweu4Fozswb" data-list="bullet">
<div>- Derive introduced&nbsp;<a rel="nofollow" href="https://x.com/derivexyz/status/1877128211328291299">Derive Pro</a>, partnering with Messari to enable quick trade options from research or news on Messari platform.</div>
</li>
<li class="ace-line ace-line old-record-id-JhpUdxH6UorgPIxRPYxupiTcsxc" data-list="bullet">
<div>- Enso launched on&nbsp;<a rel="nofollow" href="https://x.com/zksync/status/1877375319260237884">ZKsync</a>, enabling dapps on the ecosystem to integrate DeFi features such as swap, lending or vaults seamlessly.</div>
</li>
</ul>
</div>
</div>
</div>
<div class="ace-line ace-line old-record-id-doxusAdLgZ4kXwkzRISww9B5uxc">&nbsp;</div>
<div class="ace-line ace-line old-record-id-doxusz7nYMXU1KcdyaKVikOA2fg">
<div>
<h2 class="heading-2"><strong>Upcoming Alpha and Governance</strong></h2>
<div>
<ul class="list-bullet1">
<li class="ace-line ace-line old-record-id-JXZzdvZScokLYexqVTYueyXOsse" data-list="bullet">
<div>- Usual announced the&nbsp;<a rel="nofollow" href="https://x.com/usualmoney/status/1876599232867848552">revenue switch</a> (which is projected at approximately 77%, on top of the current 274% APY) will go live if 50% of USUAL tokens are staked or it will auto-activate on February 1. Usual also caught the market by surprise by changing the hard-coded floor price of USD0++ to <a rel="nofollow" href="https://x.com/usualmoney/status/1877781423488479269">$0.87</a>. The action sparked community dissatisfaction. As part of the rectification, the team announced the "1:1 Early Unstaking" feature which will allow users to forfeit a part of their accumulated USUAL rewards to guarantee the 1:1 unstake ratio be released this week.</div>
</li>
<li class="ace-line ace-line old-record-id-OcEUdOCeaoA9w0xp7Fcu6Xz0sMf" data-list="bullet">
<div>- Grayscale Solana ETF's first deadline is expected on January 23, while VanEck and 3 other issuers' deadlines are expected on January 25. The consensus outcome is that the SEC will extend review regarding the applications.</div>
</li>
<li class="ace-line ace-line old-record-id-HY6EdoAaoongc5xAuIEuj4rRsUf" data-list="bullet">
<div>- Azuki has officially introduced&nbsp;<a rel="nofollow" href="https://www.anime.xyz/tokenomics">ANIME</a> token which will be launched in January. 50.5% will be allocated to community and 76.94% token supply will be fully unlocked at launch.</div>
</li>
<li class="ace-line ace-line old-record-id-doxusR3JCq72SXrFF5tkwV3idTb" data-list="bullet">
<div>- Aerodrome is expected to launch&nbsp;<a rel="nofollow" href="https://x.com/AerodromeFi/status/1875942539020382238">Slipstream V2</a> this month, introducing dynamic fees that would increase during a high volatility period and potentially accrued higher APR for liquidity providers.</div>
</li>
<li class="ace-line ace-line old-record-id-URbQdu46OoRuHExViQLuyR1As5d" data-list="bullet">
<div>- Subsequently, after the launch of Mode's AI Agent App Store in November, Mode is set to launch&nbsp;<a rel="nofollow" href="https://x.com/JRossTreacher/status/1877393443653058715">AI Terminal</a> this month, a chat co-pilot that can perform DeFi actions, laying the foundation for DeFAI on Mode Network.</div>
</li>
<li class="ace-line ace-line old-record-id-SM1hdcgNxoMz8xxcj2nu6GlKsod" data-list="bullet">
<div>- Blast announced its&nbsp;<a rel="nofollow" href="https://x.com/blast/status/1877129353785458963">mobile platform and tokenomics</a> updates will be released this month. The tokenomics updates might be related to the December proposal, which utilises yield to <a rel="nofollow" href="https://forum.blast.io/t/blip-buyback-blast-token-with-yield/786">buyback BLAST</a> token.</div>
</li>
<li class="ace-line ace-line old-record-id-RCr2dBQjcoSrKixuGZfumvSes9d" data-list="bullet">
<div>- Theta plans to release the beta version of&nbsp;<a rel="nofollow" href="https://medium.com/theta-network/introducing-the-theta-2025-roadmap-c0745ab754de">hybrid edge cloud architecture</a> on June 25, 2025. Expanding edge nodes's support to seamlessly integrate with cloud-based GPUs to optimize compute-intensive workloads</div>
</li>
<li class="ace-line ace-line old-record-id-X6qed8PFnomyPvxQCfqu7JjCslg" data-list="bullet">
<div>- Ronin partnered with Virtuals to launch its own AI Agent, JAIHOZ. Ronin plans to&nbsp;<a rel="nofollow" href="https://x.com/Ronin_Network/status/1877668942539555127">open</a> Ronin by Q1 2025, opening development on Ronin Network.</div>
</li>
<li class="ace-line ace-line old-record-id-TtModTLlWoKjlZxcLnnueOMLs1e" data-list="bullet">
<div>- Arbitrum passed the proposal to activate&nbsp;<a rel="nofollow" href="https://www.tally.xyz/gov/arbitrum/proposal/101924107818180443784046677916233531742645798596604549673138282938475874935972?govId=eip155:42161:0xf07DeD9dC292157749B6Fd268E37DF6EA38395B9">BoLD</a>, enabling permissionless dispute resolution to Arbitrum fraud proof.</div>
</li>
<li class="ace-line ace-line old-record-id-ZeePdSQIbo9pQxxCgszu5aoxsRc" data-list="bullet">
<div>- Arbitrum is in discussions to onboard&nbsp;<a rel="nofollow" href="https://www.coindesk.com/tech/2025/01/07/south-korea-s-giant-lotte-group-taps-arbitrum-for-its-metaverse-platform">Lotte</a>'s metaverse gaming platform, <strong>Caliverse</strong>, to the Arbitrum Network. In return, the platform could receive what would potentially be the largest grant ever awarded by the Arbitrum Foundation.</div>
</li>
<li class="ace-line ace-line old-record-id-R1Z2dSPPyoPjI5xhWOFumcTnsbe" data-list="bullet">
<div>- Threshold Network proposed setting up&nbsp;<a rel="nofollow" href="https://forum.threshold.network/t/tip-098-the-future-of-threshold/1012">tLabs</a> to lead the development of tBTC and redesign of T tokenomics to address the concern of inflation and token value accrued. The initiative aims to raise 1.2 billion newly minted T for funding tLabs.</div>
</li>
</ul>
<div class="ace-line ace-line old-record-id-doxus7wnK6uasbKzwG9Jp5XN3Yg">&nbsp;</div>
</div>
</div>
</div>
<div class="ace-line ace-line old-record-id-doxus0OMqlagILfT3L4td6peRIf">
<div>
<h3 class="heading-3"><strong>Token Unlock</strong></h3>
<div>
<ul class="list-bullet1">
<li class="ace-line ace-line old-record-id-JRIwd2UrYoo1mUxxTBiuwvP8snd" data-list="bullet">
<div>- ARB token unlocked on January 16th, amount representing 2.2% of the token supply.</div>
</li>
<li class="ace-line ace-line old-record-id-QpLIdDdiwocU6ox83uyuOpansPh" data-list="bullet">
<div>- VANA token unlocked on January 16th, amount representing 1.46% of the token supply.</div>
</li>
<li class="ace-line ace-line old-record-id-NhzwdMrmIoeNNZxKQBOuwkNisVi" data-list="bullet">
<div>- APE token unlocked on January 17th, amount representing 2.12% of the token supply.</div>
</li>
<li class="ace-line ace-line old-record-id-JM6XdNZGRoZFMaxBi9auSrcGsNb" data-list="bullet">
<div>- MERL token unlocked on January 19th, amount representing 5.8% of the token supply.</div>
</li>
<li class="ace-line ace-line old-record-id-LihGdRK1YoVS3Sx9Iubuew3WsZg" data-list="bullet">
<div>- WELL token unlocked on January 23rd, amount representing 1.17% of the token supply.</div>
</li>
<li class="ace-line ace-line old-record-id-AzwPdkAQuouEIjxEmNSuVFrRsTd" data-list="bullet">
<div>- IMX token unlocked on January 24th, amount representing 1.43% of the token supply.</div>
</li>
<li class="ace-line ace-line old-record-id-W5JedbiapoIHwLxWCowugg2Fsdc" data-list="bullet">
<div>- ALT token unlocked on January 25th, amount representing 10.4% of the token supply.</div>
</li>
<li class="ace-line ace-line old-record-id-ScU9dYIx7oEtpjxKnyQuzIBQs69" data-list="bullet">
<div>- RON token unlocked on January 27th, amount representing 8.86% of the token supply.</div>
</li>
<li class="ace-line ace-line old-record-id-HZCWdTW5no14Krxz2VauuK4Esbb" data-list="bullet">
<div>- GRASS token unlocked on January 28th, amount representing 1.51% of the token supply.</div>
</li>
<li class="ace-line ace-line old-record-id-AubSdcmFYoKukcxNInHuY3BesVD" data-list="bullet">
<div>- OP token unlocked on January 31st, amount representing 2.38% of the token supply.</div>
</li>
</ul>
</div>
</div>
</div>
<div class="ace-line ace-line old-record-id-doxusS5STNcQhy3gtWShgGmVUIc">&nbsp;</div>
<div class="ace-line ace-line old-record-id-doxusFsw43JtTWVPK87lsywVggf">Please click <a rel="nofollow" href="https://chainupgroup.larksuite.com/share/base/form/shruso3ZBWdvpzRlCT4jwnicgrb">HERE</a> to subscribe for weekly market insight and exclusive research.</div>
</div>




Headline News



- Bitcoin's price declined by 3.9% last week, driven by a combination of factors. Key economic data 

Weekly Market Insight: January Week 3

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<div class="ace-line ace-line old-record-id-doxusMrzLiPFFXPzJV0T73NmDZg">
<div>
<h2 class="heading-2"><strong>Headline News</strong></h2>
<div>
<ul class="list-bullet1">
<li class="ace-line ace-line old-record-id-doxus7Amy9OZsJwPtF80Y1E8KId" data-list="bullet">
<div>- Bitcoin price increased by approximately 5.14% in the first week of 2025. Bitcoin ETFs had a net inflow of $244.99 million last week, despite Blackrock experienced its largest daily outflow of $332.62 million last Thursday. Meanwhile, Ethereum ETFs showed a slower start in the new year, closing the first week with $38.2 million net outflow.</div>
</li>
<li class="ace-line ace-line old-record-id-YLDjdVtUao9a2TxBhZWukuN8stb" data-list="bullet">
<div>- Despite the USDT marketcap decreasing by 1% or approximately $1.4 billion last week. The total stablecoin marketcap had a slight increase of 0.39% during the same period, particularly the USDC marketcap increased by approximately $2 billion last week.</div>
</li>
</ul>
</div>
</div>
</div>
<div class="ace-line ace-line old-record-id-doxusEEqlKujjEvVlbJFMLC9JXc">&nbsp;</div>
<div class="ace-line ace-line old-record-id-doxusVGEzuwOtKKcyEWNai4jZmP">
<div>
<h2 class="heading-2"><strong>Macro-Outlook</strong></h2>
<div>
<ul class="list-bullet1">
<li class="ace-line ace-line old-record-id-doxusDByoXS2jbgH3NUD3trPIuf" data-list="bullet">
<div>- The U.S. ISM manufacturing PMI increased to 49.3 in December, ahead of market expectations of 48.4.</div>
</li>
<li class="ace-line ace-line old-record-id-Yv1ZdjCeOoxSWwxpLNOu4QQSs8d" data-list="bullet">
<div>- The market estimated 88.8% probability the rate will remain unchanged in January 2025.</div>
</li>
</ul>
</div>
</div>
</div>
<div class="ace-line ace-line old-record-id-doxusi8BCnnsXVtljYif3Gq36Ve">&nbsp;</div>
<div class="ace-line ace-line old-record-id-doxus6zT2bBNjzN4oxrGc3gU1cL">
<div>
<h4 class="heading-4"><strong>Upcoming Economic Calendar including,</strong></h4>
<div>
<ul class="list-bullet1">
<li class="ace-line ace-line old-record-id-doxusx4H7S2lEGoQfaRgq4jkIpe" data-list="bullet">
<div>- Tuesday, January 7, 11:00pm: The U.S. ISM Services PMI in December and JOLTs Job Openings in November</div>
</li>
<li class="ace-line ace-line old-record-id-CDAKdbbDFoKf17xE9DFuPPrRsye" data-list="bullet">
<div>- Thursday, January 9, 3:00am: The December FOMC Minutes</div>
</li>
<li class="ace-line ace-line old-record-id-Yg9Udq82GoGR7Jx3fT9ukZE8sqc" data-list="bullet">
<div>- Friday, January 10, 9:30pm: The U.S. Non-Farm Payrolls and Unemployment Rate in December</div>
</li>
<li class="ace-line ace-line old-record-id-Mlhhdir24oPa2Nx0FNeujq0VsWd" data-list="bullet">
<div>- Friday, January 10, 11:00pm: Preliminary Michigan Consumer Sentiment in January</div>
</li>
</ul>
</div>
</div>
</div>
<div class="ace-line ace-line old-record-id-doxus2KTmrtL9Hy34AHyYr2JWXc">&nbsp;</div>
<div class="ace-line ace-line old-record-id-doxusH2AU8tLMZrOHZHa1IjPUSH">
<div>
<h2 class="heading-2"><strong>Weekly-Cryptos-Overview</strong></h2>
<div>
<ul class="list-bullet1">
<li class="ace-line ace-line old-record-id-doxus2a6Mts3GdcFStRorkorJFg" data-list="bullet">
<div>- MicroStrategy acquired another&nbsp;<a rel="nofollow" href="https://www.microstrategy.com/press/microstrategy-acquires-2138-btc-achieves-btc-yield-of-47-qtd-74-ytd-now-holds-446400-btc_12-30-2024">2,138 BTC</a> at average $97,837. MicroStrategy also announced a plan to raise <a rel="nofollow" href="https://www.microstrategy.com/press/microstrategy-to-target-a-capital-raise-of-up-to-2-billion-of-preferred-stock_01-03-2025">$2 billion perpetual preferred stock</a> with the ability to convert to class A common stock, cash dividends and provisions allowing for redemptions of shares.</div>
</li>
<li class="ace-line ace-line old-record-id-UFvydwFOwoqzCIxgozGudbLtsNe" data-list="bullet">
<div>- Swiss federal chancellery proposed to oblige the Swiss National Bank to hold Bitcoin as part of its&nbsp;<a rel="nofollow" href="https://www.reuters.com/markets/currencies/swiss-central-bank-faces-call-hold-bitcoin-reserves-2024-12-31/">reserves</a>. The initiative has 18 months to collect 100,000 signatures to be put to a public referendum.</div>
</li>
</ul>
</div>
</div>
</div>
<div class="ace-line ace-line old-record-id-doxusJXLNsF0ke4zBRodCQZ3g0g">
<div>
<div>&nbsp;</div>
<div>
<h3 class="heading-3 ace-line old-record-id-doxusxVejCtdg1xvQURDAhlTcs7">&nbsp;&nbsp;<strong>Layer 1 and Layer 2s</strong></h3>
<ul class="list-bullet1">
<li class="ace-line ace-line old-record-id-doxuspnJXgF6tbbg0RvbjuEdPYg" data-list="bullet">
<div>- Solayer, Solana restaking protocol, introduced&nbsp;<a rel="nofollow" href="https://x.com/solayer_labs/status/1874881596181897228">LAYER</a> token as its governance token.</div>
</li>
<li class="ace-line ace-line old-record-id-LAT9dVVnJofdUUxY4O5u964jsec" data-list="bullet">
<div>- TON Foundation teams up with&nbsp;<a rel="nofollow" href="https://x.com/ton_blockchain/status/1873804922443227207">Jupiter</a> to incubate a new liquidity aggregator on TON Network.</div>
</li>
</ul>
<div class="ace-line ace-line old-record-id-doxus0XzsTGNhytdrTaMHQas3Ng">&nbsp;</div>
<h3 class="heading-3 ace-line old-record-id-doxuslk4tbbXy73kD0zEJBYGsgd">&nbsp;&nbsp;Dapps</h3>
<ul class="list-bullet1">
<li class="ace-line ace-line old-record-id-R5dxdkx2NoIqrex89leuzf1PsTb" data-list="bullet">
<div>- Hyperliquid launched HYPE&nbsp;<a rel="nofollow" href="https://x.com/HyperFND/status/1873664112036901320">staking</a> on mainnet with an average APR of 2.26%.</div>
</li>
<li class="ace-line ace-line old-record-id-PA15dJTkOoySeqx9pk4uxHU3sJc" data-list="bullet">
<div>- Pendle launched VIRTUAL/cbBTC&nbsp;<a rel="nofollow" href="https://x.com/pendle_fi/status/1874802183641980971">Aerodrome LP</a> vault on Base, offering around 36.8% fixed yield.</div>
</li>
<li class="ace-line ace-line old-record-id-Qjdedn81VowkCRxnSoeuHDxGs95" data-list="bullet">
<div>- Frax Finance passed the vote for including&nbsp;<a rel="nofollow" href="https://snapshot.box/#/s:frax.eth/proposal/0x2612007bb91ae6ccbc4d0160615e88ca544db7ebad38fde3506d4d8c3f7259ac">USTB</a>, Superstate's tokenised Treasury Bill as part of the reserve asset for frxUSD.</div>
</li>
<li class="ace-line ace-line old-record-id-doxusfeiQ4978JPmN9aWoIwrNwh" data-list="bullet">
<div>- Akash Network released&nbsp;<a rel="nofollow" href="https://x.com/akashnet_/status/1873842924170916216">DeepSeek-V3</a> on AkashChat. It is an open source AI model that rivals GPT-4o and 3.5 Sonnet in performance.</div>
</li>
<li class="ace-line ace-line old-record-id-RvEnd8m8KofHRTxRvEpuv1p8sOf" data-list="bullet">
<div>- GMX reduced the&nbsp;<a rel="nofollow" href="https://x.com/GMX_IO/status/1874830906784952633">trading fees</a> across the platform by 2bps.</div>
</li>
<li class="ace-line ace-line old-record-id-Obt9dBS1XoTPWkxvgdIuGroJsB6" data-list="bullet">
<div>- The f(x) Protocol launched its&nbsp;<a rel="nofollow" href="https://x.com/protocol_fx/status/1874864427402481926">v2.0</a>, introducing fixed, zero-stress leverage trading on ETH with no funding fees or liquidations.</div>
</li>
<li class="ace-line ace-line old-record-id-MqehdlnYIomp8Yx7RiuuQTmpsBb" data-list="bullet">
<div>- RateX, Solana's yield trading protocol, launched the&nbsp;<a rel="nofollow" href="https://x.com/RateX_Dex/status/1873739840661184799">lrtsSOL</a> vault which is powered by the LRT protocol, Adrasteal Finance. Users are able to earn 53.8% fixed APY in the vault.</div>
</li>
</ul>
</div>
</div>
</div>
<div class="ace-line ace-line old-record-id-doxusZZ8XHATVxNwxGS39jbQJZe">&nbsp;</div>
<div class="ace-line ace-line old-record-id-doxusXGs5PGlJkfLHRgtM2BBABf">
<div>
<h2 class="heading-2"><strong>Upcoming Alpha and Governance</strong></h2>
<div>
<ul class="list-bullet1">
<li class="ace-line ace-line old-record-id-doxus2htTKPhxHEBlzD4aBcVlkd" data-list="bullet">
<div>- The Usual Protocol is expected to kick start its&nbsp;<a rel="nofollow" href="https://x.com/usualmoney/status/1874273040886096125">fee switch </a>on January 7.</div>
</li>
<li class="ace-line ace-line old-record-id-APnddL19HorC52xWXgRumyYvsGg" data-list="bullet">
<div>- Sonic, the Solana Layer 2, announced&nbsp;<a rel="nofollow" href="https://x.com/SonicSVM/status/1874078061353939441">SONIC</a> tokenomics with 57% allocated to community and is expected to have initial circulating supply of 15% on January 7. Team and investors allocation will be locked in the first 12 months and locked tokens cannot be staked. SONIC is the gas and stake token of the network.</div>
</li>
<li class="ace-line ace-line old-record-id-Ekr6dInL1oYppVxaLoYugrqCsib" data-list="bullet">
<div><a rel="nofollow" href="https://x.com/ai_avalanche/status/1873687420115509342">- AvalancheAI</a> is introduced as the first AI project on Avalanche, establishing a seamless creation and marketplace for AI Agents. The platform is expected to launch in January.</div>
</li>
<li class="ace-line ace-line old-record-id-NEwYdLBEBo9DsSxFKpAuqFzEsGb" data-list="bullet">
<div>- Thorchain is expected to integrate with Base for cross chain swap in January.</div>
</li>
<li class="ace-line ace-line old-record-id-GpGxdihWCoVpazxW1ktuXExNsFh" data-list="bullet">
<div>- Ethena and AAVE teased the upcoming collaboration named&nbsp;<a rel="nofollow" href="https://x.com/leptokurtic_/status/1874886943433245180">Aavethena</a> without much detail yet.</div>
</li>
<li class="ace-line ace-line old-record-id-ZQrxdaQNkot9nrxQVhjuNblTsye" data-list="bullet">
<div>- Ethena also released&nbsp;<a rel="nofollow" href="https://mirror.xyz/0x29a99F7Fe080F72223dAd48D5E1E86670a984326/zM601bYC8Tqhh2Yg5JbWdbwUVFSDBV_aV7ipxHoOFvM">roadmap</a> for 2025 with plans to launch iUSDe (institution grade delta neutral stablecoin), sUSDe payment Telegram app and focus on ecosystem protocols such as Ethereal and Derive.</div>
</li>
</ul>
<div class="ace-line ace-line old-record-id-doxusvKCqXEfZIuW06t0Q91dacg">&nbsp;</div>
</div>
</div>
</div>
<div class="ace-line ace-line old-record-id-doxuswcdKAi5aQrukqMulNCnDng">
<div>
<h3 class="heading-3"><strong>Token Unlock</strong></h3>
<div>
<ul class="list-bullet1">
<li class="ace-line ace-line old-record-id-Oh78dkT3moyA7kxTmTyuM8mKsCe" data-list="bullet">
<div>- JTO token unlocked on January 7th, amount representing 4.15% of the token supply.</div>
</li>
<li class="ace-line ace-line old-record-id-KlQPdDBbdoXNt3xGn00uLUnfsOf" data-list="bullet">
<div>- MOVE token unlocked on January 9th, amount representing 2.24% of the token supply.</div>
</li>
<li class="ace-line ace-line old-record-id-ECeddIsq8oXg9lxOQdQuLVt7s1i" data-list="bullet">
<div>- IO token unlocked on January 11th, amount representing 2.76% of the token supply.</div>
</li>
<li class="ace-line ace-line old-record-id-S9lEd8flUomLuBxofOWuh8pIshd" data-list="bullet">
<div>- APT token unlocked on January 12th, amount representing 2.03% of the token supply.</div>
</li>
<li class="ace-line ace-line old-record-id-PVZtd8yGvoUcdUxiAa2uWmUOs2d" data-list="bullet">
<div>- STRK token unlocked on January 12th, amount representing 2.82% of the token supply.</div>
</li>
<li class="ace-line ace-line old-record-id-FCLMdunD5o8WNsxyp8xumJhUsyH" data-list="bullet">
<div>- ARB token unlocked on January 16th, amount representing 2.2% of the token supply.</div>
</li>
<li class="ace-line ace-line old-record-id-GUqbdkE4SomIZfx9U2zud2wFsCd" data-list="bullet">
<div>- VANA token unlocked on January 16th, amount representing 1.46% of the token supply.</div>
</li>
<li class="ace-line ace-line old-record-id-ZsoudzpdAoGPPHxMQwoudQxYs9r" data-list="bullet">
<div>- APE token unlocked on January 17th, amount representing 2.12% of the token supply.</div>
</li>
<li class="ace-line ace-line old-record-id-XU6IdnjhwoRjHqxn0V5unzJYsVb" data-list="bullet">
<div>- MERL token unlocked on January 19th, amount representing 5.8% of the token supply.</div>
</li>
</ul>
</div>
</div>
</div>
<div class="ace-line ace-line old-record-id-doxus9g7LJBg9xtvsVCiTaXmvBg">&nbsp;</div>
<div class="ace-line ace-line old-record-id-doxus3rDRwu38BGhc9Izu7EuQte">Please click <a rel="nofollow" href="https://chainupgroup.larksuite.com/share/base/form/shruso3ZBWdvpzRlCT4jwnicgrb">HERE</a> to subscribe for weekly market insight and exclusive research.</div>
</div>




Headline News



- Bitcoin price increased by approximately 5.14% in the first week of 2025. Bitcoin ETFs had a net i

Weekly Market Insight: January Week 2

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<div class="ace-line ace-line old-record-id-doxusSBxbGDAiXByT394lljsyNb">
<div>
<h2 class="heading-2"><strong>Headline News</strong></h2>
<div>
<ul class="list-bullet1">
<li class="ace-line ace-line old-record-id-doxusE8mY0CVTaHaz1WVBTGNSWh" data-list="bullet">
<div>- Bitcoin price decreased by 1.54% last week due to lower trading activities during the holiday season, with approximately 44% lower trading volume compared to previous week. Bitcoin ETFs experienced a weekly net outflow of $387.54 million, while Ethereum ETFs showed signs of resilience, attracted $349.17 million net inflow last week and consecutively 5 weeks of net inflow.</div>
</li>
</ul>
</div>
</div>
</div>
<div class="ace-line ace-line old-record-id-doxusmTcyB1BZivK6LoD5HYskKd">&nbsp;</div>
<div class="ace-line ace-line old-record-id-doxusBcMBmourz80putoJUBsfZf">
<div>
<h2 class="heading-2"><strong>Macro-Outlook</strong></h2>
<div>
<ul class="list-bullet1">
<li class="ace-line ace-line old-record-id-doxusGQvl6m40ybG9H6PZNtYV0g" data-list="bullet">
<div>- The U.S. Durable Goods Orders in November decreased by 1.1%, worse than market forecasts of a 0.4% decline due to slower transportation equipment orders.</div>
</li>
<li class="ace-line ace-line old-record-id-BnYYdLht7oIYLix4tziudyoxsud" data-list="bullet">
<div>- The market estimated 88.8% probability the rate will remain unchanged in January 2025.</div>
</li>
</ul>
</div>
</div>
</div>
<div class="ace-line ace-line old-record-id-doxusMd6yjSPp2JZtz3W9Pd0stA">&nbsp;</div>
<div class="ace-line ace-line old-record-id-doxus67gzCGR76TRRAK3RWOYjTg">
<div>
<h4 class="heading-4"><strong>Upcoming Economic Calendar including,</strong></h4>
<div>
<ul class="list-bullet1">
<li class="ace-line ace-line old-record-id-doxusj1QMbG13vEahYbEWWcKSrO" data-list="bullet">
<div>- Friday, January 3, 11:00pm: The U.S. ISM Manufacturing PMI in December</div>
</li>
</ul>
</div>
</div>
</div>
<div class="ace-line ace-line old-record-id-doxus1ggrOEXVwobd46u4vu7qNd">&nbsp;</div>
<div class="ace-line ace-line old-record-id-doxusnxSLkV1dLwTjMc4xdeokwe">
<div>
<h2 class="heading-2"><strong>Weekly-Cryptos-Overview</strong></h2>
<div>
<ul class="list-bullet1">
<li class="ace-line ace-line old-record-id-doxusBI4Gi1VJu1j7blf26cajje" data-list="bullet">
<div>- Bitwise filed&nbsp;<a rel="nofollow" href="https://www.theblock.co/post/332419/bitwise-ramaswamys-strive-file-for-etfs-investing-in-companies-with-bitcoin-treasuries">Bitcoin Standard Company ETF</a>, which aims to invest in companies that hold Bitcoin as corporate financial reserves.</div>
</li>
<li class="ace-line ace-line old-record-id-NoF7dHHjKoqi1bx4U5wuZ93xsoh" data-list="bullet">
<div>- Israel Securities Authority granted approval of six&nbsp;<a rel="nofollow" href="https://www.coindesk.com/policy/2024/12/25/six-bitcoin-mutual-funds-to-debut-in-israel-next-week-report">Bitcoin mutual funds</a>. The fund is expected to launch this week.</div>
</li>
<li class="ace-line ace-line old-record-id-TPdpdeuXVobhGpx9blsuMZC4s4c" data-list="bullet">
<div>- Hexarq, subsidiary of the second largest bank in France, BPCE, received approval to provide&nbsp;<a rel="nofollow" href="https://cointelegraph.com/news/bpce-hexarq-casp-authorization-amf-crypto-services">cryptocurrency investment services</a>.</div>
</li>
<li class="ace-line ace-line old-record-id-T1rMdg8PSolUDixLCZlu799ys0g" data-list="bullet">
<div>- Legislative Council of Hong Kong proposed incorporating Bitcoin into&nbsp;<a rel="nofollow" href="https://dw-media.tkww.hk/epaper/wwp/20241230/a10-1230.pdf">fiscal reserves</a>.</div>
</li>
</ul>
</div>
</div>
</div>
<div class="ace-line ace-line old-record-id-doxusUrGoKh4TYjHXE9Oo7PP7M8">
<div>
<div>&nbsp;</div>
<div>
<h3 class="heading-3 ace-line old-record-id-doxusKv3reGzy1TsiqhVAfyYQLh">&nbsp;&nbsp;<strong>Layer 1 and Layer 2s</strong></h3>
<ul class="list-bullet1">
<li class="ace-line ace-line old-record-id-doxusckmbM1OYDDdk5s0j351hJc" data-list="bullet">
<div>- Fuel Network introduced&nbsp;<a rel="nofollow" href="https://x.com/fuel_network/status/1872623177475748337">Fuel Agent Kit</a>, enabling users to build agents that are capable of executing tasks autonomously on Fuel.</div>
</li>
<li class="ace-line ace-line old-record-id-KO2NdLBkKoikBGx6dULunliashb" data-list="bullet">
<div>- Sonic announced upgraded&nbsp;<a rel="nofollow" href="https://x.com/SonicLabs/status/1871394831295217841">tokenomics</a> including a 200 million S airdrop, extended post-launch campaign capped at 15% until 2031 and token burm mechanisms.</div>
</li>
</ul>
<div class="ace-line ace-line old-record-id-doxusy8VR6tCo8d0jjvXBN6IM4f">&nbsp;</div>
<h3 class="heading-3 ace-line old-record-id-doxusvlO2TyantxAj19MvqH7Hxh">&nbsp;&nbsp;Dapps</h3>
<ul class="list-bullet1">
<li class="ace-line ace-line old-record-id-doxusrt5skSzO89Z1ddCT425ukg" data-list="bullet">
<div>- Chainlink introduced Smart Value Recapture (<a rel="nofollow" href="https://x.com/chainlink/status/1871241636211982752">SVR</a>), recapturing MEV for users of Chainlink Price Feeds. Proposal of SVR integration has been submitted to AAVE governance.</div>
</li>
<li class="ace-line ace-line old-record-id-WMWjdaYuFo6uDRxmtYeukY5fsKd" data-list="bullet">
<div>- Thorchain completed the&nbsp;<a rel="nofollow" href="https://medium.com/thorchain/thorchain-v3-release-659b700d7099">v3 upgrade</a> by integrating the CosmWasm module, which enables smart contract support. The v3 upgrade sets the foundation for Thorchain's vision to expand its DeFi layer in the first half of 2025.</div>
</li>
<li class="ace-line ace-line old-record-id-IVE4dBbvhokLjAxtEgYuSpK8sdg" data-list="bullet">
<div>- Aethir partnered with Injective to launch&nbsp;<a rel="nofollow" href="https://x.com/AethirCloud/status/1872301799715054059">tokenised GPU</a> marketplace, enabling users to trade fractional GPU power and other DeFi functions such as staking and lending.</div>
</li>
</ul>
</div>
</div>
</div>
<div class="ace-line ace-line old-record-id-Jp16dkpHloldzPxSrQguRchBsVf">&nbsp;</div>
<div class="ace-line ace-line old-record-id-EJWBdpEHCoCqiaxbQzMutZ1Kstf">&nbsp;</div>
<div class="ace-line ace-line old-record-id-doxusPkZHUtLY24yDE4CVLFtEwe">
<div>
<h2 class="heading-2"><strong>Upcoming Alpha and Governance</strong></h2>
<div>
<ul class="list-bullet1">
<li class="ace-line ace-line old-record-id-doxushsHn4jTAahSFel2Mne0HDh" data-list="bullet">
<div>- BIO Protocol is expected to be listed on&nbsp;<a rel="nofollow" href="https://x.com/bioprotocol/status/1871154807702192337">Binance</a> on January 3. BIO Protocol is a launchpad and liquidity layer for DeSci projects.</div>
</li>
<li class="ace-line ace-line old-record-id-KYRed5YwioXI0mxfMV7ugnhVsMg" data-list="bullet">
<div>- The ai16z announced plans to launch&nbsp;<a rel="nofollow" href="https://hackmd.io/5xpUGMxWRSexntAkfKPnyw">launchpad</a> in Q1 2025, capturing launch fees (half of the fee is used for buyback and burn, another half used to create liquidity for AI16Z), AI16Z staking for access and liquidity pool pairing with AI16Z.</div>
</li>
<li class="ace-line ace-line old-record-id-W97td5eM1od657xNywBuBiANsMf" data-list="bullet">
<div>- Zerebro's creator announced the team is building&nbsp;<a rel="nofollow" href="https://x.com/jyu_eth/status/1873462146249752915">Zentients</a>, a launchpad to launch agent powered by ZerePy. ZEREBRO will be required for a creation fee and base token for the liquidity pools.</div>
</li>
<li class="ace-line ace-line old-record-id-XRT6da6JfoClQgxjcfruB3MhsUD" data-list="bullet">
<div>- OpenSea Foundation website is believed to have been leaked. The community is expecting an airdrop soon.</div>
</li>
<li class="ace-line ace-line old-record-id-JEBldT0M2oh4q7xXmtRupFfgsnh" data-list="bullet">
<div>- Jupiter announced there would be&nbsp;<a rel="nofollow" href="https://x.com/jup_uplink/status/1872315864420430274">700 million</a> JUP being distributed in January 2025. 500 million will be allocated to users and stakers, while 200 million will be allocated to Carrots point holders and Good Cats (contributors to Jupiter ecosystem).</div>
</li>
<li class="ace-line ace-line old-record-id-MKTkdnVxbo45nuxUpijupqhKsTe" data-list="bullet">
<div>- Movement mainnet is expected in January 2025. The founder also emphasised the team and investors' tokens are not allowed to be staked while being vested.</div>
</li>
</ul>
<div class="ace-line ace-line old-record-id-doxus1RKCu7exPv2ExgmOaBOJfb">&nbsp;</div>
</div>
</div>
</div>
<div class="ace-line ace-line old-record-id-doxus1m5TJV80CsdQEiKI6DfPff">
<div>
<h3 class="heading-3"><strong>Token Unlock</strong></h3>
<div>
<ul class="list-bullet1">
<li class="ace-line ace-line old-record-id-FzPmdlfkLoYgNrxxOoAum6gQs2b" data-list="bullet">
<div>- SUI token unlocked on January 1st, amount representing 2.8% of the token supply.</div>
</li>
<li class="ace-line ace-line old-record-id-Ehn0ddyVToOuPExQKI3u6xU1s1d" data-list="bullet">
<div>- DYDX token unlocked on January 1st, amount representing 1.84% of the token supply.</div>
</li>
<li class="ace-line ace-line old-record-id-B1b6diICCoVOxUxs9K7uHDdLsnc" data-list="bullet">
<div>- JTO token unlocked on January 7th, amount representing 4.15% of the token supply.</div>
</li>
<li class="ace-line ace-line old-record-id-XTyOd2yLCoVKkGxpEVnuFYTpsCh" data-list="bullet">
<div>- MOVE token unlocked on January 9th, amount representing 2.24% of the token supply.</div>
</li>
<li class="ace-line ace-line old-record-id-K5GCdFcp0oR2pAxlDjZuQ7jAs1f" data-list="bullet">
<div>- IO token unlocked on January 11th, amount representing 2.76% of the token supply.</div>
</li>
<li class="ace-line ace-line old-record-id-EFh3dN7D3oQtIyxYDEPuL5kAsSe" data-list="bullet">
<div>- APT token unlocked on January 12th, amount representing 2.03% of the token supply.</div>
</li>
<li class="ace-line ace-line old-record-id-Lz0SdKK8ZoelvVxG1qnuKwEqsRg" data-list="bullet">
<div>- STRK token unlocked on January 12th, amount representing 2.82% of the token supply.</div>
</li>
</ul>
</div>
</div>
</div>
<div class="ace-line ace-line old-record-id-doxusotl1omMJdpBSqm6336mBig">&nbsp;</div>
<div class="ace-line ace-line old-record-id-doxuslOX509VuElkcgoFwZNQ3Lg">Please click <a rel="nofollow" href="https://chainupgroup.larksuite.com/share/base/form/shruso3ZBWdvpzRlCT4jwnicgrb">HERE</a> to subscribe for weekly market insight and exclusive research.</div>
</div>




Headline News



- Bitcoin price decreased by 1.54% last week due to lower trading activities during the holiday seas

Weekly Market Insight: January Week 1


Introduction
Artificial intelligence AI has been around for decades, first introduced in 1955 by John McCarthy. 62 year

Crypto AI Agents You Must Know in 2025

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<div class="ace-line ace-line old-record-id-doxustJiSEf8PrcW2P6OTrxxD8g">
<div>
<h2 class="heading-2"><strong>Headline News</strong></h2>
<div>
<ul class="list-bullet1">
<li class="ace-line ace-line old-record-id-doxus4hIUQ2Hh5S00yk7GcGtabd" data-list="bullet">
<div>- Bitcoin prices decreased by 8.88% last week, the sharpest drop since August 2024, as the result of hawkish rate-cut projection in 2025 from the U.S. Federal Reserve. The sell-off liquidated approximately $1 billion worth of perpetual contracts, cascaded the selling pressure.</div>
</li>
<li class="ace-line ace-line old-record-id-doxusWXxETPN8lFk3JF68ebFWuc" data-list="bullet">
<div>- Looking ahead, trading volume is expected to decline during the holiday season, investors tend to rebalance portfolios and sell underperforming cryptocurrencies for tax purposes. Large volatility is expected ahead, as more than $13 billion notional value option contracts are expiring on the upcoming Friday, December 27.</div>
</li>
</ul>
</div>
</div>
</div>
<div class="ace-line ace-line old-record-id-WZMUdXrUHoC4kkxA4Ofu52o8sfc">&nbsp;</div>
<div class="ace-line ace-line old-record-id-doxusMWS9uUgcKlcE87pcnkzBQf">
<div>
<h2 class="heading-2"><strong>Macro-Outlook</strong></h2>
<div>
<ul class="list-bullet1">
<li class="ace-line ace-line old-record-id-doxusHxlGlL5DRcXsJzcvRfYkVd" data-list="bullet">
<div>- Jerome Powell announced a 25 basis point rate cut during last week&rsquo;s FOMC meeting. While the move aligned with market expectations, the committee&rsquo;s updated projection reduced the anticipated rate cuts for 2025 from four to two. This more hawkish stance exerted downward pressure on broader markets. Concurrently, the expected inflation rate for 2025 was revised upward from 2.1% (as projected in September) to 2.5%, likely reflecting the potential impact of tariffs on inflation.</div>
</li>
<li class="ace-line ace-line old-record-id-Ka8PdaeV3ogq9mx5GrQuBsSNs6f" data-list="bullet">
<div>- The U.S. Retail sales increased by 0.7% in November, higher than the market expectation of 0.5%. The U.S. Q3 GDP increased to 3.1%, higher than 2.8% in the second estimate. The headline PCE price index in November increased to 2.4%, slightly lower than the market expectation of 2.5%. Personal income increased by 0.3% in November, while personal spending increased by 0.4% in the same period, both 10bps below market expectation.</div>
</li>
</ul>
</div>
</div>
</div>
<div class="ace-line ace-line old-record-id-doxusWf67zSSXwt4WjZGfK9NhNe">&nbsp;</div>
<div class="ace-line ace-line old-record-id-doxusjSviNp0rVp7WN9hDlzmpre">
<div>
<h4 class="heading-4"><strong>Upcoming Economic Calendar including,</strong></h4>
<div>
<ul class="list-bullet1">
<li class="ace-line ace-line old-record-id-doxus2Z5SUwqFKW5xsO7UawjQcd" data-list="bullet">
<div>- Tuesday, December 24, 9:30pm: U.S. Durable Goods Orders in November</div>
</li>
</ul>
</div>
</div>
</div>
<div class="ace-line ace-line old-record-id-IbhUdwYH9oxj2ZxyvtwuQslgsJh">&nbsp;</div>
<div class="ace-line ace-line old-record-id-doxusxXJzaDDw5LaXi0mCRSVHkb">
<div>
<h2 class="heading-2"><strong>Weekly-Cryptos-Overview</strong></h2>
<div>
<ul class="list-bullet1">
<li class="ace-line ace-line old-record-id-doxusI1TQuxL5KBd0soz9jsrakX" data-list="bullet">
<div>- Binance launched&nbsp;<a rel="nofollow" href="https://www.binance.com/en/support/announcement/introducing-binance-alpha-discover-emerging-crypto-projects-c6499e95c15e408ca44ca5f6db975d4d">Binance Alpha</a>, a new platform within Binance Wallet that shines early-stage crypto tokens. It also serves as a pre-listing token selection pool for Binance Exchange.</div>
</li>
<li class="ace-line ace-line old-record-id-YlSLdn8j9oesYJxqlpEuKXfIsBb" data-list="bullet">
<div>- Deutsche Bank is reportedly working on a new Ethereum Layer 2,&nbsp;<a rel="nofollow" href="https://www.bloomberg.com/news/articles/2024-12-18/deutsche-bank-tries-to-tackle-compliance-hurdles-for-public-blockchains">Dama 2</a>, which leverages ZKsync stacks.</div>
</li>
<li class="ace-line ace-line old-record-id-OaTwdIlTwotYQZxfMIWuQAuJs5d" data-list="bullet">
<div>- SEC approved first spot Bitcoin and Ethereum&nbsp;<a rel="nofollow" href="https://www.theblock.co/post/331859/sec-approves-bitcoin-ethereum-combo-etfs-hashdex-franklin-templeton">combo ETFs</a> from Hashdex and Franklin Templeton.</div>
</li>
</ul>
</div>
</div>
</div>
<div class="ace-line ace-line old-record-id-doxust4lD7sgxN1r82KHkdez7se">
<div>
<div>&nbsp;</div>
<div>
<h3 class="heading-3 ace-line old-record-id-doxusfB5aTYsTLM30GwXe6RZyae">&nbsp;&nbsp;<strong>Layer 1 and Layer 2s</strong></h3>
<ul class="list-bullet1">
<li class="ace-line ace-line old-record-id-doxusuGJ4WFTFebPUPzVXIW8EVf" data-list="bullet">
<div>- Avalanche has completed its&nbsp;<a rel="nofollow" href="https://www.coindesk.com/tech/2024/12/16/avalanche-blockchain-s-largest-ever-upgrade-avalanche9000-is-live">Avalanche9000</a> upgrade. Avalanche also introduced the <a rel="nofollow" href="https://x.com/AvalancheFDN/status/1869841980446134674">infraBUIDL(AI)</a> Program, up to $15 million in direct funding and retroactive grants to accelerate AI development within Avalanche ecosystem.</div>
</li>
<li class="ace-line ace-line old-record-id-RcL2dyUAEoKbMRxFGm3uSHW5spe" data-list="bullet">
<div>- Ripple launched&nbsp;<a rel="nofollow" href="https://x.com/Ripple/status/1869011382852878592">RLUSD</a>, its fiat-backed US dollar stablecoin, on the XRP Ledger.</div>
</li>
<li class="ace-line ace-line old-record-id-WL7td0xEZoRIC5xmTPquAkAPsNg" data-list="bullet">
<div>- Polygon&nbsp;<a rel="nofollow" href="https://www.theblock.co/post/331349/polygon-proposal-bridge-yield">rejected</a> the proposal to use over $1 billion in stablecoin from the bridge contract for yield farming.</div>
</li>
<li class="ace-line ace-line old-record-id-Syh8dk0cNoP4WDxWCI6uLTL8sDd" data-list="bullet">
<div>- Kraken launched its Ethereum Layer-2,&nbsp;<a rel="nofollow" href="https://x.com/inkonchain/status/1869417386761470219">Ink</a>, on mainnet.</div>
</li>
<li class="ace-line ace-line old-record-id-Zz8ed2jCEoYoQ5xcF9gugNoAste" data-list="bullet">
<div>- Sonic launched its&nbsp;<a rel="nofollow" href="https://blog.soniclabs.com/sonic-mainnet-launch-evm-compatible-verifiable-10-000-tps-and-sub-second-finality/">mainnet</a>, offering up to 10,000 tps, sub-second finality and a native decentralised gateway to Ethereum.</div>
</li>
<li class="ace-line ace-line old-record-id-KKpRdxEuqoupSGxxnCwu014psEd" data-list="bullet">
<div>- Stacks launched&nbsp;<a rel="nofollow" href="https://x.com/Stacks/status/1869055220573241549">sBTC</a> on the mainnet, with an initial phase of deposits limit of 1,000 BTC and withdrawals will be available in later Q1. sBTC currently offers 5% APY, paid by sBTC.</div>
</li>
<li class="ace-line ace-line old-record-id-SaZedvDcDoCyucxrflKu5SYZsjh" data-list="bullet">
<div>- Omni Network launched its&nbsp;<a rel="nofollow" href="https://x.com/OmniFDN/status/1869019811927478362">mainnet</a>, enabling users access to liquidity across Ethereum, Arbitrum, Optimism and Base from its network.</div>
</li>
<li class="ace-line ace-line old-record-id-YAwhdtISYoAIdNxkvJuuRIs4sAg" data-list="bullet">
<div>- Saga launched&nbsp;<a rel="nofollow" href="https://x.com/Sagaxyz__/status/1869082234910912997">Saga Mainnet 2.0</a>, setting stage for Liquidity Integration Layer (LIL) in Q1 2025, unified liquidity across all chains, gasless DeFi interactions, Uniswap V3 integration, EVM runtime powered by Evmos and more.</div>
</li>
<li class="ace-line ace-line old-record-id-M1ewdohuOoKciYx1seyuENQasxb" data-list="bullet">
<div>- Aptos CEO,&nbsp;<a rel="nofollow" href="https://cointelegraph.com/news/aptos-ceo-mo-shaikh-steps-down-avery-ching-takes-over">Mo Shaikh</a> stepped down to "start a new chapter".</div>
</li>
</ul>
<div class="ace-line ace-line old-record-id-doxusBjlIAFxDUQ1weJPpwmoZig">&nbsp;</div>
<h3 class="heading-3 ace-line old-record-id-doxusYOtmzvHdB4gyr8S9emdNvg">&nbsp;&nbsp;Dapps</h3>
<ul class="list-bullet1">
<li class="ace-line ace-line old-record-id-doxus7H9F6aPcLSICAKKlWtwHph" data-list="bullet">
<div>- Lido announced discontinued support for liquid staking solution,&nbsp;<a rel="nofollow" href="https://blog.lido.fi/lido-on-polygon-sunset/">stMATIC</a>, on Polygon POS.</div>
</li>
<li class="ace-line ace-line old-record-id-VYi1dzBpXoTVYYxTGzsu3cU2sOg" data-list="bullet">
<div>- Ethena introduced&nbsp;<a rel="nofollow" href="https://mirror.xyz/0xF99d0E4E3435cc9C9868D1C6274DfaB3e2721341/LgHNQeP2q2R91yPlhBuLG3ZkKX6golgTdA2TYOviBMM">USDtb</a>, a new stablecoin backed by BlackRock's BUIDL Fund, potentially serving as an alternative solution during negative funding rates environment. Ethena later partners with <a rel="nofollow" href="https://x.com/ethena_labs/status/1869367144695378302">Usual</a> to include USDtb as collateral for USD0. Lastly, Ethena also partners with <a rel="nofollow" href="https://www.theblock.co/post/331436/trump-backed-world-liberty-financial-and-ethena-eye-collaboration-starting-with-susde-implementation">World Liberty Finance</a> to list sUSDe as asset collateral on the platform.</div>
</li>
<li class="ace-line ace-line old-record-id-G0kQdzneGoffsFxJBMYuQlBwsec" data-list="bullet">
<div>- Usual introduced&nbsp;<a rel="nofollow" href="https://usual.money/blog/introduction-to-usualx-and-its-game-theory">USUALx</a>, its liquid staking token which entitled to 10% of all USUAL distributions, 33.33% of system fees and future rights to DAO treasury.</div>
</li>
<li class="ace-line ace-line old-record-id-Jn0FdDZGDoTPV2xHHIcuRPfRsIf" data-list="bullet">
<div>- Mocaverse, a NFT collection backed by Animoca Brands, announced&nbsp;<a rel="nofollow" href="https://x.com/Moca_Network/status/1868628016706023747">Moca 3.0</a>, a chain-agnostic digital identity infrastructure.</div>
</li>
</ul>
</div>
</div>
</div>
<div class="ace-line ace-line old-record-id-doxusOhlhf5xuuMwTznwcaJWfNa">&nbsp;</div>
<div class="ace-line ace-line old-record-id-doxusmUmINq3ks5PqckMdcygc4c">
<div>
<h2 class="heading-2"><strong>Upcoming Alpha and Governance</strong></h2>
<div>
<ul class="list-bullet1">
<li class="ace-line ace-line old-record-id-Km3OdWDPHog4l9xk9pwuXZ8Usib" data-list="bullet">
<div>- Ethereum validators are suggesting an increase in the&nbsp;<a rel="nofollow" href="https://cointelegraph.com/news/ethereum-gas-limit-increase-validators-10-percent">gas limit</a> which potentially reduces the transaction fees by 15% to 33%. Among the validators include core Ethereum developers, Eric Connor and Justin Drake.</div>
</li>
<li class="ace-line ace-line old-record-id-B6MEdkYXiocMAVxE528u61Vxspg" data-list="bullet">
<div>- Mantra community is voting on the proposal to update&nbsp;<a rel="nofollow" href="https://snapshot.box/#/s:mantra-dao.eth/proposal/0x3bfdc09dbf1c1065e5077f267f03fd7ee3509a8c7d5ed14d1612a01edf8b28c0">OM vesting schedule</a>. Multiple allocations will end their cliff schedules in 2025, with the earliest on March 2025, and implement a linear vesting schedule moving forward. The proposal also suggests decreasing on-chain inflation from 8% to 3% starting year 2025.</div>
</li>
<li class="ace-line ace-line old-record-id-EMqsd3lLVo7MWpxruSYuENRMsGb" data-list="bullet">
<div>- Uniswap announced Unichain testnet will undergo&nbsp;<a rel="nofollow" href="https://www.unichain.org/blog/wen-unichain-mainnet">permissionless fault proofs upgrade</a> on January 6, 2025. Mainnet will be open after the new system's safety and stability are validated.</div>
</li>
<li class="ace-line ace-line old-record-id-doxusl7Uso88aezQnc7cWbr0pCz" data-list="bullet">
<div>- Ether.Fi passed the proposal to allocate 5% of the protocol revenue to&nbsp;<a rel="nofollow" href="https://snapshot.box/#/s:etherfi-dao.eth/proposal/0x1f268f3b8db87a75e8c9422d093377aea17357eb790cee04f9cbf3da2c9f9501">buyback</a> ETHFI and redistribute back to ETHFI stakers.</div>
</li>
<li class="ace-line ace-line old-record-id-DK0OdlW4Xoot3Wx6yhqus9Bds7g" data-list="bullet">
<div>- Frax proposed to use BUIDL as one of the backing assets for&nbsp;<a rel="nofollow" href="https://gov.frax.finance/t/fip-4xx-buidl-as-a-backing-asset-for-frax-usd/3533">FraxUSD</a>.</div>
</li>
<li class="ace-line ace-line old-record-id-FZsAd9vwho057txEUd8uiQsgs1c" data-list="bullet">
<div>- Fluid proposed to launch Fluid DEX and FLUID token on&nbsp;<a rel="nofollow" href="https://x.com/0xfluid/status/1869477853437575571">Arbitrum</a>.</div>
</li>
<li class="ace-line ace-line old-record-id-B06PdR2SXo9e8qxIRN6uf9Sds5b" data-list="bullet">
<div>- Founder of&nbsp;<a rel="nofollow" href="https://x.com/burnttoast/status/1869803577117655357">Doodles</a> NFT teased token release soon.</div>
</li>
</ul>
<div class="ace-line ace-line old-record-id-doxusS40v2U5adprvapMXExYRFb">&nbsp;</div>
</div>
</div>
</div>
<div class="ace-line ace-line old-record-id-doxus5ve9CUhNVnDO01afpw6qrf">
<div>
<h3 class="heading-3"><strong>Token Unlock</strong></h3>
<div>
<ul class="list-bullet1">
<li class="ace-line ace-line old-record-id-HZgpdTBW1oQxqbx0Ouyu9qSFsah" data-list="bullet">
<div>- IMX token unlocked on December 27th, amount representing 1.44% of the token supply.</div>
</li>
<li class="ace-line ace-line old-record-id-BOf8dh2Ctot3RBxtRiNuO1Wls7b" data-list="bullet">
<div>- GRASS token unlocked on December 28th, amount representing 1.52% of the token supply.</div>
</li>
<li class="ace-line ace-line old-record-id-LIevdhQzAoEyFBxijR4uO71HsKc" data-list="bullet">
<div>- PRIME token unlocked on December 31st, amount representing 1.47% of the token supply.</div>
</li>
<li class="ace-line ace-line old-record-id-GZsndRt4foNEyNxKqWmuk4jCsXR" data-list="bullet">
<div>- OP token unlocked on December 31st, amount representing 2.55% of the token supply.</div>
</li>
<li class="ace-line ace-line old-record-id-AjPndewJ6onCajxN6Tmun1MqsAb" data-list="bullet">
<div>- SUI token unlocked on January 1st, amount representing 2.8% of the token supply.</div>
</li>
<li class="ace-line ace-line old-record-id-L1i7dZe5AoVM9Dx0KPGuoBphs2c" data-list="bullet">
<div>- JTO token unlocked on January 7th, amount representing 4.15% of the token supply.</div>
</li>
<li class="ace-line ace-line old-record-id-QBYldSVm7orWFSxJwQrumt4Aslc" data-list="bullet">
<div>- MOVE token unlocked on January 9th, amount representing 2.24% of the token supply.</div>
</li>
<li class="ace-line ace-line old-record-id-PegYd74p0obqMYxiztOu09waszd" data-list="bullet">
<div>- IO token unlocked on January 11th, amount representing 2.76% of the token supply.</div>
</li>
</ul>
</div>
</div>
</div>
<div class="ace-line ace-line old-record-id-doxusuOgEE2h4q6hLfahxi7y1sf">&nbsp;</div>
<div class="ace-line ace-line old-record-id-doxusx3IWytT0oLWf2SbcULECZe">Please click <a rel="nofollow" href="https://chainupgroup.larksuite.com/share/base/form/shruso3ZBWdvpzRlCT4jwnicgrb">HERE</a> to subscribe for weekly market insight and exclusive research.</div>
</div>




Headline News



- Bitcoin prices decreased by 8.88% last week, the sharpest drop since August 2024, as the result of

Weekly Market Insight: December Week 4


Introduction
Meme coins have emerged as a distinct and increasingly influential category within the cryptocurrency ecos

Understanding Meme Pumpconomics

<div data-page-id="N7ADdExHkojCfdxxCoAu9MtTspd" data-lark-html-role="root" data-docx-has-block-data="false">
<div class="ace-line ace-line old-record-id-doxusePupsR7Gak0drVGenSjR5l">
<div>
<h2 class="heading-2"><strong>Headline News</strong></h2>
<div>
<ul class="list-bullet1">
<li class="ace-line ace-line old-record-id-doxusvcGGkJZBrAoA5Vao1CSLnc" data-list="bullet">
<div>- Despite the largest daily liquidation event since 2021, resulting in over $1.7 billion liquidated across all perpetual contracts. Bitcoin demonstrated remarkable resilience. The price swiftly recovered, posting a 3.16% gain over the past week.</div>
</li>
<li class="ace-line ace-line old-record-id-IOK1dG1Xeob2n8x3SwguwyTps8g" data-list="bullet">
<div>- Ethereum ETFs continued to exhibit strong demand, with net inflows reaching another record of $854.85 million last week. This resilience persisted despite a 1.22% price decline, driven by the broader market liquidation event. Currently, Ethereum ETFs hold 2.92% of the ETH total supply, while approximately 16% ETH is held on centralized exchanges and 28.1% is staked.</div>
</li>
</ul>
</div>
</div>
</div>
<div class="ace-line ace-line old-record-id-doxusOyQXjkOlzRfoVCiQ1jlohd">&nbsp;</div>
<div class="ace-line ace-line old-record-id-doxusHCkJKdvoW5ctXnfOx6Kdld">
<div>
<h2 class="heading-2"><strong>Macro-Outlook</strong></h2>
<div>
<ul class="list-bullet1">
<li class="ace-line ace-line old-record-id-RMCpdQDJxo17fLxrUbIusFc0sPe" data-list="bullet">
<div>- The U.S. inflation rate and core inflation rate in November rose to 2.7% and 3.3% respectively, aligning with market expectations. The PPI increased by 0.4%, surpassing the anticipated 0.2%. Despite persistent inflationary pressures, this is unlikely to alter the Fed's trajectory to implement a 25bps rate cut in December, as reflected by a 97% market consensus. However, combined with the potential introduction of tariffs by the Trump administration, the probability of a rate cut exceeding 50bps in 2025 dropped from 50% to 32% over the past week.</div>
</li>
</ul>
</div>
</div>
</div>
<div class="ace-line ace-line old-record-id-doxusDZMhYZEvF70O9mKpg3E6jh">&nbsp;</div>
<div class="ace-line ace-line old-record-id-doxusJy5LiuBLCn8wP2HzOI9jed">
<div>
<h4 class="heading-4"><strong>Upcoming Economic Calendar including,</strong></h4>
<div>
<ul class="list-bullet1">
<li class="ace-line ace-line old-record-id-doxusQ2Xd1PaAXir1aRgRYdDSVb" data-list="bullet">
<div>- Tuesday, December 17, 9:30am: U.S. Retail Sales in November</div>
</li>
<li class="ace-line ace-line old-record-id-N1ftdVtWVoF0cAxxOW9uFYv1s8Y" data-list="bullet">
<div>- Thursday, December 19, 3:00am: FOMC Meeting</div>
</li>
<li class="ace-line ace-line old-record-id-EeMfddtvIoXtJHx2S9juapV5sOg" data-list="bullet">
<div>- Thursday, December 19, 11:00am: BoJ Interest Rate Decision</div>
</li>
<li class="ace-line ace-line old-record-id-J5Rvdkg5VotydExADePuCAw6sab" data-list="bullet">
<div>- Thursday, December 19, 9:30pm: U.S. Q3 Final GDP</div>
</li>
<li class="ace-line ace-line old-record-id-E83RdsBpxo27oKxB9tKu6N2XsUe" data-list="bullet">
<div>- Friday, December 20, 9:30pm: U.S. PCE Price Index, Personal Income and Personal Spending in November</div>
</li>
</ul>
</div>
</div>
</div>
<div class="ace-line ace-line old-record-id-Qa0ldzrtUoGx0txu01lurgUrsCc">&nbsp;</div>
<div class="ace-line ace-line old-record-id-doxusYUf5wp6oRei5ip9Cr01mCM">
<div>
<h2 class="heading-2"><strong>Weekly-Cryptos-Overview</strong></h2>
<div>
<ul class="list-bullet1">
<li class="ace-line ace-line old-record-id-doxusamWZ5qQnfqHs9RKSk8uL9e" data-list="bullet">
<div>- Binance and Circle entered into a strategic partnership to adopt&nbsp;<a rel="nofollow" href="https://x.com/jerallaire/status/1866733181728366593">USDC</a> in their corporate treasury and make USDC more extensively available across Binance's products and services.</div>
</li>
<li class="ace-line ace-line old-record-id-LMeXdGXiloBy4Wx9HL1uxW3AsTg" data-list="bullet">
<div>- Nasdaq announced they will be adding&nbsp;<a rel="nofollow" href="https://www.nasdaq.com/press-release/annual-changes-nasdaq-100-indexr-2024-12-13">MicroStrategy</a> into Nasdaq-100 Index.</div>
</li>
<li class="ace-line ace-line old-record-id-TmSxdzeBoo3x3wxjE08u0eJdsJc" data-list="bullet">
<div>- World Liberty Finance has brought ETH, AAVE, LINK, ENA and ONDO via&nbsp;<a rel="nofollow" href="https://intel.arkm.com/explorer/entity/worldlibertyfi">CoW Swap</a> in the past week.</div>
</li>
<li class="ace-line ace-line old-record-id-NHbNd0Vi4oQ32OxtcdcuQxArsUg" data-list="bullet">
<div>- Grayscale announced two new single asset crypto investments for&nbsp;<a rel="nofollow" href="https://x.com/Grayscale/status/1867214822066332108">LDO and OP</a>.</div>
</li>
</ul>
</div>
</div>
</div>
<div class="ace-line ace-line old-record-id-doxusRMLPlQMzw8DbUZLdr0Dk3e">
<div>
<div>&nbsp;</div>
<div>
<h3 class="heading-3 ace-line old-record-id-doxusFTPCjLrOe6IFFqssWrksef">&nbsp;&nbsp;<strong>Layer 1 and Layer 2s</strong></h3>
<ul class="list-bullet1">
<li class="ace-line ace-line old-record-id-Tc9Ode4ByoDz01xbYo6uEffpsG6" data-list="bullet">
<div>- Avalanche raised&nbsp;<a rel="nofollow" href="https://www.coindesk.com/business/2024/12/12/avalanche-raises-250-m-amid-major-overhaul-of-layer-1-blockchain">$250 million</a> from Galaxy Digital, Dragonfly and ParaFi Capital.</div>
</li>
<li class="ace-line ace-line old-record-id-TWbZdsmaeovidhxHynNuJTD5sdh" data-list="bullet">
<div>- Frax Finance announced&nbsp;<a rel="nofollow" href="https://x.com/fraxfinance/status/1866920752739652059">rebranding</a> of FRAX stablecoin to frxUSD and FXS to FRAX as part of their latest Vision Roadmap. In the second part of the roadmap, Frax announced <a rel="nofollow" href="https://x.com/fraxfinance/status/1867677016742670473">AIVM</a>, a parallelised VM designed for AI agents on Fraxtal.</div>
</li>
<li class="ace-line ace-line old-record-id-IvojdHVGzolqXHxZwbaub0weswg" data-list="bullet">
<div>- Vana introduced its&nbsp;<a rel="nofollow" href="https://x.com/withvana/status/1867038751979081923">VANA</a> tokenomics. 25.07% is expected at TGE and 66.9% is allocated to ecosystem and community. The token is used for network security, governance, gas fees, DataDAO participation and Data payment. Vana empowers users to monetise their data to preferred DataDAOs with privacy in place.</div>
</li>
<li class="ace-line ace-line old-record-id-WNihdaSAHo8PMExeKLDu0TdwsDb" data-list="bullet">
<div>- ZKsync introduced&nbsp;<a rel="nofollow" href="https://zksync.mirror.xyz/QG2Xr4lQdJTbyjeKftPVc6-pj2t9-H9WEGnvCcnusck">Roadmap 2025</a>, aiming to simplify developer experience, enable web2-like experience and interconnect public and private chains in Elastic Network.</div>
</li>
<li class="ace-line ace-line old-record-id-VOe8djnF4oCnEnx1W28umcHisDs" data-list="bullet">
<div>- Celestia has completed&nbsp;<a rel="nofollow" href="https://x.com/celestia/status/1867216185588318703">Ginger</a> upgrade on the mainnet, increasing 2x data throughput by reducing the slot to finality from 12 seconds to 6 seconds.</div>
</li>
<li class="ace-line ace-line old-record-id-doxusk3RH4gDnepqgcbGjs8fwUd" data-list="bullet">
<div>- Galxe announced a&nbsp;<a rel="nofollow" href="https://cointelegraph.com/news/galxe-unveils-gravity-chain-upgrade-50-million-ecosystem-fund">$50</a> million fund for building a new EVM for its Gravity network.</div>
</li>
<li class="ace-line ace-line old-record-id-MkacdCY22oQ8DtxRcJ5uf0vSsse" data-list="bullet">
<div>- Kernel DAO, restaking protocol in BNB Chain, went live on&nbsp;<a rel="nofollow" href="https://x.com/kernel_dao/status/1866389724920946831">mainnet</a>.</div>
</li>
</ul>
<div class="ace-line ace-line old-record-id-doxusOmbz2VXntUPSsCzDgXotIc">&nbsp;</div>
<h3 class="heading-3 ace-line old-record-id-doxusI8MFew20idpCO3nNNCJFyb">&nbsp;&nbsp;Dapps</h3>
<ul class="list-bullet1">
<li class="ace-line ace-line old-record-id-doxusJM2vVBkJ0s0niE3fN8Pp7f" data-list="bullet">
<div>- Balancer launched&nbsp;<a rel="nofollow" href="https://medium.com/balancer-protocol/balancer-v3-is-live-2e5e8462aa4c">V3</a>, introducing hooks framework, new AMM designs, custom pools, boosted pools which earn external yield with existing liquidity and more.</div>
</li>
<li class="ace-line ace-line old-record-id-NtxRdfCXcoU6qxxA0BXuA4x4s4b" data-list="bullet">
<div>- Pendle launched&nbsp;<a rel="nofollow" href="https://x.com/pendle_fi/status/1866829311497605376">PendleSwap</a>. Users are able to swap up to 3 coins at once with no extra fees embedded.</div>
</li>
<li class="ace-line ace-line old-record-id-Q6N1dgRc2oqBC2xGVcDuoPv2stg" data-list="bullet">
<div>- Curve passed the proposal to increase scrvUSD&nbsp;<a rel="nofollow" href="https://dao.curve.fi/#/ethereum/proposals/911-OWNERSHIP">fee share</a> to 50%.</div>
</li>
<li class="ace-line ace-line old-record-id-AygPdbJqToRFN0xfx28uCr7vsGe" data-list="bullet">
<div>- Beam Foundation announced its plan to launch $150 million&nbsp;<a rel="nofollow" href="https://cointelegraph.com/press-releases/beam-ventures-announces-plans-to-launch-the-first-gaming-focused-venture-fund-and-accelerator-in-abu-dhabi">Beam Ventures</a> to accelerate gaming protocols in Abu Dhabi.</div>
</li>
<li class="ace-line ace-line old-record-id-LqJadHe6xooRV5xpqYEuigKmsdf" data-list="bullet">
<div>- Kaito AI launched the&nbsp;<a rel="nofollow" href="https://x.com/_kaitoai/status/1866823588419883327">Yaps</a> points program, enabling content creators to collect points for contributing crypto mindshare.</div>
</li>
<li class="ace-line ace-line old-record-id-UeNMd3bN0oGjbFx1whYu0VhIsMf" data-list="bullet">
<div>- Moonwell introduced&nbsp;<a rel="nofollow" href="https://x.com/MoonwellDeFi/status/1866129585626386801">Moonwell Visa Card</a>, enabling borrowing with users' deposited assets in Moonwell Core Markets for spending.</div>
</li>
<li class="ace-line ace-line old-record-id-XeTwdTU1koRFksxKojpuZ98ZsQA" data-list="bullet">
<div>- Boyaa Interactive, a Hong Kong listed company, has made a strategic investment in&nbsp;<a rel="nofollow" href="https://www1.hkexnews.hk/listedco/listconews/sehk/2024/1210/2024121000479_c.pdf">BounceBit</a>. Boyaa acquired 4.5 million BB (1.1% of circulating supply) via this investment to develop the CeDeFi ecosystem.</div>
</li>
</ul>
</div>
</div>
</div>
<div class="ace-line ace-line old-record-id-doxusHTXmRY2eRRZ3n55vqMUdVf">&nbsp;</div>
<div class="ace-line ace-line old-record-id-doxus0qOgrmkOzL1EUlhhHLe9fb">
<div>
<h2 class="heading-2"><strong>Upcoming Alpha and Governance</strong></h2>
<div>
<ul class="list-bullet1">
<li class="ace-line ace-line old-record-id-TKjedOueho1is1xd8OougJRnssc" data-list="bullet">
<div>- After announcing PENGU release, Pudgy Penguin also announced&nbsp;<a rel="nofollow" href="https://x.com/AbstractChain/status/1868087266809090230">Abstract mainnet</a> launch in January 2025.</div>
</li>
<li class="ace-line ace-line old-record-id-HMoSdpHD3o9hIIxLKnqulWwxssd" data-list="bullet">
<div>- EigenLayer proposed&nbsp;<a rel="nofollow" href="https://forum.eigenlayer.xyz/t/elip-002-slashing-via-unique-stake-operator-sets/14275">slashing</a> upgrade in its ELIP-002, empowering AVSs to penalize Operators for failing to meet commitments.</div>
</li>
<li class="ace-line ace-line old-record-id-KOCUdasmQoH3JHxyXrBuLU0msrb" data-list="bullet">
<div>- Beam introducing&nbsp;<a rel="nofollow" href="https://medium.com/@onbeam/introducing-beam-nodes-379f08bf3882">Beam Nodes</a>, transforming Beam Network into permissionless PoS Layer 1 with "Horizon" upgrade, after Avalanche9000 upgrade. Horizon upgrade is expected at the end of January 2025, or not later than the end of Q1 2025.</div>
</li>
</ul>
<div class="ace-line ace-line old-record-id-doxusLjsQa8f0mTH70SlzHcljib">&nbsp;</div>
</div>
</div>
</div>
<div class="ace-line ace-line old-record-id-doxus1VVqrFZXUqYYH0592CpDCb">
<div>
<h3 class="heading-3"><strong>Token Unlock</strong></h3>
<div>
<ul class="list-bullet1">
<li class="ace-line ace-line old-record-id-SmbPdV9SUo6EdsxrVPyutEJ6suh" data-list="bullet">
<div>- WELL token unlocked on December 23rd, amount representing 1.21% of the token supply.</div>
</li>
<li class="ace-line ace-line old-record-id-BNQTdJOk5oUU3exXGbxukw6GsPb" data-list="bullet">
<div>- IMX token unlocked on December 27th, amount representing 1.44% of the token supply.</div>
</li>
<li class="ace-line ace-line old-record-id-AwvidmVm4oU2VQxGhClunqmqsag" data-list="bullet">
<div>- GRASS token unlocked on December 28th, amount representing 1.52% of the token supply.</div>
</li>
<li class="ace-line ace-line old-record-id-BTdGd5lcao6cFzx6qv9uhck8sKd" data-list="bullet">
<div>- PRIME token unlocked on December 31st, amount representing 1.47% of the token supply.</div>
</li>
<li class="ace-line ace-line old-record-id-XGRRdgrpDoGHelxEBPJuwB09s5d" data-list="bullet">
<div>- OP token unlocked on December 31st, amount representing 2.55% of the token supply.</div>
</li>
<li class="ace-line ace-line old-record-id-DxvIdmwmUoAVrvxQdLSu1x78sZd" data-list="bullet">
<div>- SUI token unlocked on January 1st, amount representing 2.8% of the token supply.</div>
</li>
</ul>
</div>
</div>
</div>
<div class="ace-line ace-line old-record-id-doxusrmdhrAzXQNUQ8BRm5ndhBf">&nbsp;</div>
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Headline News



- Despite the largest daily liquidation event since 2021, resulting in over $1.7 billion liquidated 

Weekly Market Insight: December Week 3

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<div>
<h2 class="heading-2"><strong>Headline News</strong></h2>
<div>
<ul class="list-bullet1">
<li class="ace-line ace-line old-record-id-N4MZd3ICBotNv5x45FVuwuIXsDg" data-list="bullet">
<div>- Bitcoin surpassed $100,000 after 15 years, 11 months, and 1 day since its genesis block. Over the last week, Bitcoin ETFs recorded net inflows of $2.73 billion, while Ethereum ETFs hit a record high of $836.69 million. Ethereum outperformed Bitcoin for three consecutive weeks, achieving an 8% gain last week compared to Bitcoin's 4% increase.</div>
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</ul>
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<div>
<h2 class="heading-2"><strong>Macro-Outlook</strong></h2>
<div>
<ul class="list-bullet1">
<li class="ace-line ace-line old-record-id-U7TRdwsvxoGNz6xqT87ueeBjsFa" data-list="bullet">
<div>- The U.S. ISM Manufacturing PMI in November increased to 51.5, exceeding expectation of 50.5. On the other hand, ISM Service PMI in November declined to 52.1, well below forecasts of 55.5.</div>
</li>
<li class="ace-line ace-line old-record-id-doxusSklTYHR67xTIbg4uOMAKWc" data-list="bullet">
<div>- The U.S. Non-Farm Payroll in November increased 227K jobs in November, better than forecasts of 200K. Despite that, the unemployment rate went up to 4.2% in November from 4.1% in the prior month, in line with market expectations. Both labor force participation rate and employment population ratio edged down in November.</div>
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</ul>
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<div>
<h4 class="heading-4"><strong>Upcoming Economic Calendar including,</strong></h4>
<div>
<ul class="list-bullet1">
<li class="ace-line ace-line old-record-id-doxusyIzZu0brvHMIxoZrYyiMLd" data-list="bullet">
<div>- Wednesday, December 11, 9:30pm: U.S. Inflation Rate in November</div>
</li>
<li class="ace-line ace-line old-record-id-Xx1JdKGfyoiyCJxKVMTuYnM3sdd" data-list="bullet">
<div>- Wednesday, December 12, 9:30pm: U.S. PPI in November</div>
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</ul>
</div>
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<div class="ace-line ace-line old-record-id-doxusRiGfASy6OSeHuciwbDlH7b">&nbsp;</div>
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<div>
<h2 class="heading-2"><strong>Weekly-Cryptos-Overview</strong></h2>
<div>
<ul class="list-bullet1">
<li class="ace-line ace-line old-record-id-OW5Idl0ePon7rFxGO0xu4KCwsDc" data-list="bullet">
<div>- Trump is reportedly appointing&nbsp;<a rel="nofollow" href="https://www.bloomberg.com/news/articles/2024-12-06/trump-names-david-sacks-as-white-house-ai-and-crypto-czar">Davis O.Sacks</a> as White House director of artificial intelligence and cryptocurrency. Sacks serves as an advisor to 0x Protocol, founder of Craft Ventures which invested dYdX and early investor in Multicoin Capital.</div>
</li>
<li class="ace-line ace-line old-record-id-doxuseOSoBsDQdi4TGpxM5UGRcf" data-list="bullet">
<div>- Donald Trump nominated&nbsp;<a rel="nofollow" href="https://www.bloomberg.com/news/articles/2024-12-04/trump-names-paul-atkins-as-sec-chair">Paul Atkins</a> as the new SEC Chairman. Atkins has been an advisor for Reserve Protocol and Securitize.</div>
</li>
<li class="ace-line ace-line old-record-id-Rs1ydIDSlo7JKExCQ21usVSIsVf" data-list="bullet">
<div>- The National Center for Public Policy Research submitted a shareholder proposal to&nbsp;<a rel="nofollow" href="https://cointelegraph.com/news/national-center-public-policy-research-proposes-bitcoin-treasury-tamazon">Amazon</a> for consideration to add Bitcoin to the company treasury at the 2025 annual shareholder meeting, which is typically held in the month of May.</div>
</li>
<li class="ace-line ace-line old-record-id-An7edaXhMoApaCx1L49uXZOWsPf" data-list="bullet">
<div>- Coinbase&nbsp;<a rel="nofollow" href="https://x.com/CoinbaseInsto/status/1863709367767282034">50 index</a> added AXS, BLUR, JASMY, KSM and EGLD into the index.</div>
</li>
</ul>
</div>
</div>
</div>
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<div>
<div>&nbsp;</div>
<div>
<h3 class="heading-3 ace-line old-record-id-doxusubdSpQmNZiDwZPiJlUYgXf">&nbsp;&nbsp;<strong>Layer 1 and Layer 2s</strong></h3>
<ul class="list-bullet1">
<li class="ace-line ace-line old-record-id-IJFPdA0PNoNA1YxnrMmulR5qs9b" data-list="bullet">
<div>- Chintai partners with&nbsp;<a rel="nofollow" href="https://cointelegraph.com/news/power-dime-tokenize-250-m-renewable-energy-assets-chintai">PowerDime</a> to tokenise $250 million worth of Virtual Power Purchase Agreement (VPAA), enabling trading of renewable energy on-chain.</div>
</li>
<li class="ace-line ace-line old-record-id-SF3Od8jA8ok8jTxI988uaQ0Usee" data-list="bullet">
<div>- Particle Network, a chain abstraction protocol, launched&nbsp;<a rel="nofollow" href="https://x.com/ParticleNtwrk/status/1863932662882226438">UniversalX</a>, the chain-agnostic trading platform.</div>
</li>
<li class="ace-line ace-line old-record-id-OliMd2PTQolt6QxRfFCugoZcseh" data-list="bullet">
<div>- Movement Network&nbsp;<a rel="nofollow" href="https://x.com/movementfdn/status/1864766883909767636">Mainnet</a> Beta is now live, users will soon able to claim MOVE on Ethereum and bridge over to the network.</div>
</li>
<li class="ace-line ace-line old-record-id-MFVSdMUuJoOGm9xSVaOuAZUxslf" data-list="bullet">
<div>- Mode launched&nbsp;<a rel="nofollow" href="https://x.com/modenetwork/status/1864302255979020765">Synth</a> testnet on Bittensor subnet for financial forecasting.</div>
</li>
</ul>
<div class="ace-line ace-line old-record-id-doxusg8zTLWh2KvAJkQzo2jgrzg">&nbsp;</div>
<h3 class="heading-3 ace-line old-record-id-doxus9aXETnfV3EtkMBUi4og20e">&nbsp;&nbsp;Dapps</h3>
<ul class="list-bullet1">
<li class="ace-line ace-line old-record-id-Fhb4devTooEDSGx3or3ulA1Dsoe" data-list="bullet">
<div>- Render Network passed&nbsp;<a rel="nofollow" href="https://x.com/rendernetwork/status/1864824607942848897">RNP-016, 017 and 018</a>, integrating Arnold, integrating OctaneRender for Blender and increasing Artist and AI client rewards in year 2 emissions.</div>
</li>
<li class="ace-line ace-line old-record-id-ZBGKdQETGou9wOxsZN0uhrYLsFe" data-list="bullet">
<div>- Jupiter passed the&nbsp;<a rel="nofollow" href="https://vote.jup.ag/proposal/xMLsw7zzBfRXNiQQo42aUohRsibgrmWcPt2mD8HdUUr">Jupuary Vote 2 </a>with 87% favourable vote. The second proposal emphasised explicit allocation for stakers with bonus for historical consistency, real users parameters and allocation for holders and voters.</div>
</li>
<li class="ace-line ace-line old-record-id-Fqw6d4tUZo6W5ZxLuU8uUYFDsWd" data-list="bullet">
<div>- Aerodrome introduced&nbsp;<a rel="nofollow" href="https://x.com/AerodromeFi/status/1864445835007672412">AERO Fed</a>, veAERO voters will be able to vote to nudge emissions rates up or down.</div>
</li>
<li class="ace-line ace-line old-record-id-AjKQdzJnDokBlUx36wXuEoWmsMb" data-list="bullet">
<div>- PancakeSwap introduced&nbsp;<a rel="nofollow" href="https://x.com/PancakeSwap/status/1864200755827364185">SpringBoard</a>, its token launching platform on BNB. The first ranking token, CAKEDOG, is currently at approximately $2 million worth of market capitalisation.</div>
</li>
<li class="ace-line ace-line old-record-id-ENlZdezDPoChaJxWLTkuISCYsAg" data-list="bullet">
<div>- SushiSwap introduced&nbsp;<a rel="nofollow" href="https://x.com/jaredgrey/status/1865743975593963636">2025 plans</a> including a trading platform on Solana, orderbook perpetual DEX, LVR AMM solution and SushiSwap aggregator.</div>
</li>
<li class="ace-line ace-line old-record-id-doxus6ZjOdAA8Hl1nBmds3aWV1d" data-list="bullet">
<div>- SSV passed the proposal to allocate&nbsp;<a rel="nofollow" href="https://snapshot.org/#/mainnet.ssvnetwork.eth/proposal/0xff1b868f97de48db3ba26c5254e9902645ed55b5107a84ee0cbcb98b31973f27">$55.3 million</a> 4-year operational budget, diversify the DAO treasury and ensure long-term network growth and stability through controlled minting and fee burning.</div>
</li>
<li class="ace-line ace-line old-record-id-AZrBdkWJUo2kisxQFpMuYX2psuc" data-list="bullet">
<div>- Kamino launched&nbsp;<a rel="nofollow" href="https://x.com/KaminoFinance/status/1864729930262556777">Kamino Swap</a>, an intent-based exchange, enabling best price execution for liquidators and traders.</div>
</li>
<li class="ace-line ace-line old-record-id-LVNYdfA7UoyrhpxqMmRul9GHsvh" data-list="bullet">
<div>- MilkyWay launched a restaking service with&nbsp;<a rel="nofollow" href="https://x.com/milky_way_zone/status/1864657945235206157">TIA</a> and TIA LSTs. It has accumulated approximately $3 million worth of TIA into the pools.</div>
</li>
<li class="ace-line ace-line old-record-id-XoCPdun9koEWwvxxkrpuZNTxsbg" data-list="bullet">
<div>- The Wormhole W&nbsp;<a rel="nofollow" href="https://wormhole.com/blog/w-staking-rewards-program">Staking Reward Program</a> (SRP) is now live. Currently, approximately 14% of the token circulating supply is staked.</div>
</li>
<li class="ace-line ace-line old-record-id-MHeadYhxgotSh5xDDSuuvztRskJ" data-list="bullet">
<div>- Osmosis announced supporting the native&nbsp;<a rel="nofollow" href="https://x.com/osmosiszone/status/1863932459232149972">BTC bridge</a> on the platform. The weekly trading volume of the platform hit the highest level since April 2024.</div>
</li>
<li class="ace-line ace-line old-record-id-doxusV4yZiumBVJ6J7wQen4sz4b" data-list="bullet">
<div>- Ritual, an execution layer for AI models both on-chain via smart contract and off-chain, launched its private&nbsp;<a rel="nofollow" href="https://x.com/ritualnet/status/1864745321613402277">testnet</a>. The protocol is funded by Archetype Ventures, Polychain Capital and more.</div>
</li>
<li class="ace-line ace-line old-record-id-CyZBdEscyoLi0pxfZ2QuSe03sPe" data-list="bullet">
<div>- Hashflow, an intent-based DEX and ZK Settlement Layer for exchanges, passed the proposal to use 50% of the protocol fees to fuel&nbsp;<a rel="nofollow" href="https://x.com/hashflow/status/1863732958403731949">buybacks</a> and burns.</div>
</li>
<li class="ace-line ace-line old-record-id-IdfPdU7gOo1n99xDes9ubjYfsZb" data-list="bullet">
<div>- Meteora, DEX on Solana, introduced&nbsp;<a rel="nofollow" href="https://x.com/MeteoraAG/status/1864360366240879009">M3M3</a>, a (3,3) staking mechanism for memecoins.</div>
</li>
<li class="ace-line ace-line old-record-id-Fokcdydwxo40uBxralbucjrXsqc" data-list="bullet">
<div>- Ora Protocol launched the Buddhism Religious Model,&nbsp;<a rel="nofollow" href="https://x.com/OraProtocol/status/1865398546956226859">BRM</a>, as its Initial Model Offering on the platform. BRM is a Large Language Model built with SFT and RLHF and dataset of Humanistic Buddhism Corpus, including canonical buddhist scriptures.</div>
</li>
</ul>
</div>
</div>
</div>
<div class="ace-line ace-line old-record-id-doxusNBFspfW2cMaYf3j8H5ghMb">&nbsp;</div>
<div class="ace-line ace-line old-record-id-doxusnhXW22vZqJ8Ci0Rm3spDsf">
<div>
<h2 class="heading-2"><strong>Upcoming Alpha and Governance</strong></h2>
<div>
<ul class="list-bullet1">
<li class="ace-line ace-line old-record-id-XIRPdTeWUohjxsxpJWBuFr1Esvb" data-list="bullet">
<div>- Instadapp proposed to rebrand INST to&nbsp;<a rel="nofollow" href="https://gov.instadapp.io/t/rebranding-and-growth-plan-for-fluid-protocol/985">FLUID</a>. The proposal includes protocol-owned liquidity, buyback program with up to 100% revenue, CEX listing allocation, Fluid DEX v2 and more.</div>
</li>
<li class="ace-line ace-line old-record-id-YqrudnJ4lopVYOxOrjRuec8isKd" data-list="bullet">
<div>- Blast proposed to&nbsp;<a rel="nofollow" href="https://forum.blast.io/t/blip-buyback-blast-token-with-yield/786">buyback</a> BLAST token with native yield from deposited ETH and USD stablecoins on the network.</div>
</li>
<li class="ace-line ace-line old-record-id-doxuse5CiuzKGIXuGSMpyliBlah" data-list="bullet">
<div>- Pudgy Penguins announced that it will launch&nbsp;<a rel="nofollow" href="https://x.com/pudgypenguins/status/1864851993094664602">PENGU</a> token on Solana within 2024, which 25.9% of the total supply allocated for Pudgy community, 24.12% for other communities and 0.35% for FTT holders.</div>
</li>
<li class="ace-line ace-line old-record-id-Lr5Zd2AJ2o14dKxO4ayuxsb8skc" data-list="bullet">
<div>- Adidas and StepN announced the dropping of 1,200&nbsp;<a rel="nofollow" href="https://www.theblock.co/post/329487/adidas-and-stepn-move-from-nfts-to-physical-products-with-planned-sneaker-drop-this-month">physical shoes</a> in December.</div>
</li>
<li class="ace-line ace-line old-record-id-OTtVdNPVpoA75pxRUStuK8GpsWg" data-list="bullet">
<div>- Microsoft shareholders will vote on whether to invest in Bitcoin on December 10.</div>
</li>
<li class="ace-line ace-line old-record-id-J0CydSeM6oQo7LxkoituMScpsQe" data-list="bullet">
<div>- Morpho voting on&nbsp;<a rel="nofollow" href="https://snapshot.org/#/morpho.eth/proposal/0x6429f932466a231329ae9d9f652160d86431b96c82c66dc7911688b521088952">licensing</a> protocol code to Berachain Foundation will end on December 10. Based on current progress, the proposal is likely passed.</div>
</li>
<li class="ace-line ace-line old-record-id-NwRNduNx2okOOGxEoPmuwtLQsvg" data-list="bullet">
<div>- Frax Finance is expected to announce the details of Vision 2030 on December 11.</div>
</li>
<li class="ace-line ace-line old-record-id-PG3AdGU0Zo2CoRxrRsWujfcLsAe" data-list="bullet">
<div>- Polygon is expected to launch AggLayer v0.2 testnet on December 9, allowing interoperability across chains on AggLayer.</div>
</li>
<li class="ace-line ace-line old-record-id-NyqSda3IFoMtgixrFZsuiaGrsud" data-list="bullet">
<div>- Treasure DAO is expected to make a major announcement on December 11.</div>
</li>
<li class="ace-line ace-line old-record-id-RSc5djKqjoDdPUxm1DtuMwDlsdd" data-list="bullet">
<div>- SushiSwap also proposed&nbsp;<a rel="nofollow" href="https://snapshot.org/#/sushigov.eth/proposal/0xa0030e41712ef24187dc56ef03ac37bfd8c7bb10b102571feace8ef4c2e37123">liquidating</a> all their SUSHI holding to stablecoins, BTC, ETH and other DeFi tokens. The proposal will end on December 14.</div>
</li>
<li class="ace-line ace-line old-record-id-EswHdhvnDoNqluxuGufuOME4s0W" data-list="bullet">
<div>- Curve voting on increasing scrvUSD fee sharing from&nbsp;<a rel="nofollow" href="https://dao.curve.fi/#/ethereum/proposals/911-OWNERSHIP">20% to 50%</a> is expected to end on December 15.</div>
</li>
<li class="ace-line ace-line old-record-id-Jp1edAcxHo34c0xkjOSuUlJesFg" data-list="bullet">
<div>- EigenLayer proposed&nbsp;<a rel="nofollow" href="https://github.com/eigenfoundation/ELIPs/blob/main/ELIPs/ELIP-001.md">Rewards v2</a>, enabling AVSs directly rewarding operators based on performance, variable operator fees and batch rewards claiming. The upgrade is expected to launch in January.</div>
</li>
<li class="ace-line ace-line old-record-id-JkiRdGSBjoE3EZx5l4quZjvYsjh" data-list="bullet">
<div>- ZKsync is expected to launch&nbsp;<a rel="nofollow" href="https://x.com/ZKsyncIgnite/status/1864331388469555448">Ignite</a>, its interoperability feature across Elastic Chains on January 6.</div>
</li>
<li class="ace-line ace-line old-record-id-TgRfdBcmAo5fdVxjOUnuaciTsNb" data-list="bullet">
<div>- Ethena announced partnership with&nbsp;<a rel="nofollow" href="https://x.com/EthenaNetwork/status/1863741091494735929">Derive</a>, the leading onchain option protocol, for onboarding to Ethena Network. DRV is expected to launch on January 15. 5% of the token supply will be allocated to sENA stakers.</div>
</li>
<li class="ace-line ace-line old-record-id-G3iTdj69KoPs3VxieQ3ulo3lssh" data-list="bullet">
<div>- Safe introduced&nbsp;<a rel="nofollow" href="https://safe.global/safenet">Safenet</a>, a transaction processor network that connects L1, L2 and even offchains systems into a single unified experience. The team is expected to deliver an alpha version in Q1 2025.</div>
</li>
<li class="ace-line ace-line old-record-id-JmbKdThnXofiwZx5ZwQuJbK8sRd" data-list="bullet">
<div>- Synapse Labs proposed to initiate a 12-month&nbsp;<a rel="nofollow" href="https://forum.synapseprotocol.com/d/2085-synapse-protocol-enhancement-treasury-optimization">buyback</a> program targeting 5 million SYN or 2% of token circulation, a 65% <a rel="nofollow" href="https://forum.synapseprotocol.com/d/2084-synapse-emissions-reduction">emission reduction</a> and exploring a model for staked SYN with fee distribution from the network.</div>
</li>
<li class="ace-line ace-line old-record-id-Uh0od3QeOoMZ6rxJOu8uq88BsRd" data-list="bullet">
<div>- HMX, the leveraged perpetual exchange built on-top of GMX, proposed to launch a new Central Limit Order Book (CLOB) model, revamp in tokenomics and a&nbsp;<a rel="nofollow" href="https://forum.hmx.org/t/hmx-roadmap-the-journey-to-one-piece/95">rebranding</a> in 2025.</div>
</li>
</ul>
<div class="ace-line ace-line old-record-id-doxuspOEU9c54rap34VEyFkWrkh">&nbsp;</div>
</div>
</div>
</div>
<div class="ace-line ace-line old-record-id-doxus1JNU616sSKTajVcycRv1se">
<div>
<h3 class="heading-3"><strong>Token Unlock</strong></h3>
<div>
<ul class="list-bullet1">
<li class="ace-line ace-line old-record-id-ImJ0dJMdHoApRoxQBMIumPg7sSd" data-list="bullet">
<div>- IO token unlocked on December 11th, amount representing 2.88% of the token supply.</div>
</li>
<li class="ace-line ace-line old-record-id-SddQdZKqioOzXgx2CBFuVkFesDh" data-list="bullet">
<div>- APT token unlocked on December 12th, amount representing 2.11% of the token supply.</div>
</li>
<li class="ace-line ace-line old-record-id-JdNNdkWvEoJ6TkxpUbPuL3iQsFh" data-list="bullet">
<div>- STRK token unlocked on December 15th, amount representing 2.84% of the token supply.</div>
</li>
<li class="ace-line ace-line old-record-id-TRlndI2ffoUC33xKihPuQJcmsee" data-list="bullet">
<div>- ARB token unlocked on December 16th, amount representing 2.26% of the token supply.</div>
</li>
<li class="ace-line ace-line old-record-id-KKMydxRCWo3U9LxABhVuCGQasxh" data-list="bullet">
<div>- APE token unlocked on December 17th, amount representing 2.16% of the token supply.</div>
</li>
<li class="ace-line ace-line old-record-id-R4kSdatcaoD6x1x0QIRuJRvhs7g" data-list="bullet">
<div>- WELL token unlocked on December 23rd, amount representing 1.21% of the token supply.</div>
</li>
<li class="ace-line ace-line old-record-id-Vugzdij2Vo4Oa1x1cryujV14sKU" data-list="bullet">
<div>- IMX token unlocked on December 27th, amount representing 1.44% of the token supply.</div>
</li>
<li class="ace-line ace-line old-record-id-FERydfpLmoihRexlLZUuVzpbs3U" data-list="bullet">
<div>- GRASS token unlocked on December 28th, amount representing 1.52% of the token supply.</div>
</li>
<li class="ace-line ace-line old-record-id-NRB8dMpKBoqsLgxFUZ7ulZ5hske" data-list="bullet">
<div>- PRIME token unlocked on December 31st, amount representing 1.47% of the token supply.</div>
</li>
<li class="ace-line ace-line old-record-id-CVUWdoxqVomJd3xb4bEuqf51s4g" data-list="bullet">
<div>- OP token unlocked on December 31st, amount representing 2.55% of the token supply.</div>
</li>
</ul>
</div>
</div>
</div>
<div class="ace-line ace-line old-record-id-doxusmyQtQnla345ThZDnAzUFz4">&nbsp;</div>
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Headline News



- Bitcoin surpassed $100,000 after 15 years, 11 months, and 1 day since its genesis block. Over the 

Weekly Market Insight: December Week 2

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