💧Current state of the market in our weekly overview
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Binance will list aixbt by Virtuals (AIXBT), ChainGPT (CGPT), Cookie DAO (COOKIE) at 2025-01-10 13:00 UTC.
https://www.binance.com/en/support/announcement/binance-will-list-aixbt-by-virtuals-aixbt-chaingpt-cgpt-cookie-dao-cookie-with-seed-tag-applied-6a15c90f03434e5a8ff710b07ec9519e
Synthetix has set its perpetual markets on Arbitrum to close-only mode, meaning traders can no longer open new positions or increase existing ones.
The move is part of a strategic pivot by Synthetix to consolidate its operations and focus on Coinbase’s Base network.
https://www.theblock.co/post/333973/synthetix-sunsets-v3-perps-on-arbitrum-to-focus-solely-on-base
Renzo has introduced bzSOL: Restaked Binance Staked SOL
Minting available for 24 hours on Jan 14th
https://x.com/RenzoProtocol/status/1877536181573005430
Lummis poised to lead newly created Senate digital assets subcommittee
https://www.theblock.co/post/333918/lummis-poised-to-lead-newly-created-senate-digital-assets-subcommittee
Coinbase is warning customers that the CFTC is demanding information about interactions with prediction market firm Polymarket, according to a person familiar with the situation, and Coinbase has sent messages to customers saying the exchange may have to share that data.
https://www.coindesk.com/policy/2025/01/09/polymarket-s-customer-data-sought-by-cftc-subpoena-of-coinbase-source-says
Google and Microsoft donate $1m each to Trump’s inaugural fund
https://www.theguardian.com/technology/2025/jan/09/google-microsoft-donate-trump-inaugural-fund
0G Foundation raises $30M selling AI nodes
Node operators will receive up to 15% of the 0G token’s supply over the next three years.
https://cointelegraph.com/news/0g-foundation-raises-30-million-selling-ai-nodes
Coinbase will add support for Aerodrome Finance, Beam, and Drift perpetual futures on Coinbase International Exchange and Coinbase Advanced.
The opening of AERO-PERP, BEAM-PERP, and DRIFT-PERP markets will begin on or after 9:30 UTC 16 JAN 2025.
https://x.com/CoinbaseIntExch/status/1877384937885552945
MANTRA entered an agreement with United Arab Emirates-based property conglomerate DAMAC Group to bring at least $1 billion of the firm's assets to blockchain rails.
Notably, President-elect Donald Trump said earlier this week during a press conference that DAMAC laid out plans for a $20 billion investment in data centers across several U.S. states.
https://www.coindesk.com/business/2025/01/09/mantra-blockchain-to-tokenize-1-b-of-real-world-assets-for-uae-based-property-firm-damac
https://x.com/MANTRA_Chain/status/1877355756237791619
American tech giant Microsoft plans to invest $3 billion to expand its cloud computing and artificial intelligence capabilities in India.
The investment includes providing artificial intelligence training to 500,000 individuals and establishing new data centers.
https://cointelegraph.com/news/microsoft-3b-cloud-ai-investment-india
Lava Network (LAVA) trading has started.
LAVA is now trading at ~$0.175
FDV: ~$175M
https://www.bybit.com/en/trade/spot/LAVA/USDT
Eliza Labs and IoTeX Announce Strategic Partnership to Unlock Sentient AI Capabilities with DePIN Integration
https://iotex.io/blog/eliza-labs-and-iotex-announce-strategic-partnership-to-unlock-sentient-ai-capabilities-with-depin-integration/
Phala, a Polkadot-based parachain and computation platform, has launched a new Layer 2 network on Ethereum.
The launch took place in collaboration with infrastructure providers Succinct Labs and Conduit.
https://www.theblock.co/post/333755/polkadot-based-phala-network-launches-ethereum-layer-2-rollup
Movement Labs is close to raise $100M Series B
CoinFund and NovaFund will lead the round.
https://fortune.com/crypto/2025/01/08/movement-labs-series-b-100-million-coinfund-brevan-howard/
Powerloom (POWER) trading has started on Kucoin, Gate and MEXC.
POWER is now trading at ~$0.31
FDV: ~$310M
https://www.kucoin.com/trade/POWER-USDT
Members from Coinbase, Google, a16z and others launched the Aiccelerate DAO to develop AI crypto projects
https://x.com/aicceleratedao/status/1877362656585331050
Stacks Network completes a 500% increase in network bandwidth.
The tenure-extend feature of nakamoto that increases network capacity has been live on mainnet.
Core devs plan to work on several other optimizations in 2025.
https://x.com/muneeb/status/1877609324119216361
Theta Network has introduced the Theta 2025 Roadmap
Theta plans to launch AI Agents and develop the EdgeCloud cloud architecture.
https://medium.com/theta-network/introducing-the-theta-2025-roadmap-c0745ab754de
Standard Chartered is reportedly now set to offer Bitcoin and crypto custody services in the European Union (EU).
https://watcher.guru/news/standard-chartered-to-offer-bitcoin-crypto-custody-service-in-eu
The crypto market is down
BTC Dominance - 56.32%
Market Cap - $3.29T
BTC - $93,779.72 (-0.27%)
ETH - $3,257.36 (-2%)
XRP - $2.29 (-2.41%)
BNB - $688.54 (-1.1%)
SOL - $189.64 (-2.42%)
INJ - $21.2 (-0.92%)
TON - $5.2 (-1.59%)
SUI - $4.84 (+1.38%)
https://dropstab.com
Circle has contributed 1M USDC to President Trump's Inaugural Committee.
https://x.com/jerallaire/status/1877341550327332976
Bridged USDC is now live on Sonic Labs
https://x.com/circle/status/1877399941141676447
Ozean, the blockchain for RWA yield being launched by Clearpool, has announced the integration of Lido’s wstETH onto Oxygen, the innovative RWA liquidity layer on Ozean.
https://x.com/clearpoolfin/status/1877324450972184794
Fetch.ai, a crypto artificial intelligence company built on Cosmos, has announced a $10 million accelerator to support startups developing solutions focused on AI agents, quantum computing and high-performance tech.
https://cointelegraph.com/news/fetch-ai-10m-accelerator-ai-agent-startups
💧 Top Projects from Solana AI Hackathon by FDV
👉 https://dropstab.com/categories/ai-hackathon
A new batch of Binance Alpha Projects is now live: VERTAI and FAI.
https://x.com/BinanceWallet/status/1877294242789462093
Spot ETF Flow on 08.01: BTC-ETF -$582.9M, ETH-ETF -$159.34M
https://sosovalue.com/assets/etf/us-btc-spot
In 2025 Kava becomes the first DeAI blockchain.
Coming in January:
1. DeAI Lightpaper
2. 2025 AI Roadmap
3. AI product launch that lets anyone embed AI into a dApp
https://x.com/KAVA_CHAIN/status/1877269512375910603
Grayscale Announces Rebalancing of Multi-Asset Funds for Fourth Quarter 2024
Added: LPT, CRV, ADA and SUI.
Removed SNX, AVAX.
https://www.globenewswire.com/news-release/2025/01/08/3006697/0/en/Grayscale-Investments-Announces-Rebalancing-of-Multi-Asset-Funds-for-Fourth-Quarter-2024.html