1. Attention Value - Market Key Points
1. Market Conditions
( 1 ) Macro environment:
l Market caution intensifies as retail trading volume drops sharply 10x Research recommends focusing on core assets
On December 9 , 10x Research released an analysis pointing out that as the Christmas holiday approaches, the market environment has become more cautious and the risk of sideways trading has increased. Retail trading volume has dropped significantly, for example, South Korea's cryptocurrency trading volume has dropped from a peak of $ 25 billion to the current $ 6.6 billion. At the same time, Binance 's spot trading volume has also dropped from $ 60 billion to $ 24 billion, indicating that overall momentum is weakening. Given these trends, now is the right time to reduce leverage, consolidate positions, and focus on high-conviction core assets.
For Bitcoin, the key support level is $ 95,000 . If the price breaks above $ 100,000 , it could become a strong buying opportunity; however, if it falls below $ 95,000 , traders should proceed with caution and manage risks carefully.
(2) Web3 Field:
l Digital asset investment products recorded record inflows of US$ 3.85 billion
According to the latest weekly data from Coinshares , weekly inflows into digital asset investment products hit a record high last week, totaling $ 3.85 billion, breaking the record set a few weeks ago. Ethereum's weekly inflows also hit a new high, reaching $ 1.2 billion, exceeding the inflows when the ETF was launched in July . At the same time, Solana had an outflow of $ 14 million. Blockchain stocks saw inflows of $ 124 million, the largest inflow since January this year . Bitcoin saw inflows of $ 2.5 billion, bringing total inflows to $ 36.5 billion year-to-date . In contrast, inflows into Bitcoin shorts were only $ 6.2 million, showing that investors remain cautious when betting on strong recent price momentum, and historically, inflows usually increase significantly after sharp price increases.
2. Hot Events
(1) Macro environment:
l Microsoft shareholders meeting to decide whether to invest in Bitcoin proposal draws wide attention
On December 11 , Beijing time , Microsoft will advance an important proposal at its annual shareholders meeting - a shareholder vote to assess whether including Bitcoin in its balance sheet is in the long-term interests of shareholders. This vote is considered one of the key events that will affect the trend of the cryptocurrency market this week.
The shareholder proposal was originally submitted by the National Center for Public Policy Research ( NCPPR ), a conservative think tank in the United States . NCPPR pointed out that during a period of persistent inflation, the success of a company depends not only on its operating conditions, but also on the ability to preserve the value of its profits. According to the Consumer Price Index ( CPI ), the average inflation rate in the United States over the past four years has been 5% , and NCPPR believes that the actual inflation rate may be higher. Therefore, companies have a responsibility to protect profits from depreciation. However, Microsoft has failed to effectively protect its assets from depreciation by investing most of its assets in U.S. government securities and corporate bonds. NCPPR pointed out in the proposal that despite the volatility of Bitcoin, it is still regarded as an excellent inflation hedge tool and may even be the best choice. Therefore, NCPPR recommends that Microsoft consider allocating at least 1% of its assets to Bitcoin.
As of Q3 2024 , Microsoft's cash reserves reached $ 78.428 billion. This means that if the proposal is successfully passed and at least 1% of the funds are allocated in accordance with the NCPPR 's recommendations , Microsoft will have the ability to buy at least $ 780 million in Bitcoin.
(2) Web3 Field:
l Bitcoin DeFi ecosystem is booming, Stacks is about to launch sBTC
On December 9 , Bitcoin scaling solution Stacks released its latest updates, noting that the Bitcoin DeFi ecosystem is thriving on its platform and sBTC is about to be launched. Recent highlights include: USDh provided by Hermetica has an annual yield of up to 35% , setting a new record; Velar DEX has launched a permissionless pool creation function; Bitflow has released a user interface preview for L2 Runes AMM ; and the ALEX Surge event continues to drive the activity of the tokenized community on Stacks . These developments mark Stacks ' positive progress in promoting innovation and application in the Bitcoin ecosystem.
3. Hot topic narrative
l Pudgy Penguins published a post titled “ The calm before the storm ” which may hint that the coin issuance is imminent
Pudgy Penguins , the top blue-chip NFT project on Ethereum known for its cute penguin image , announced on Twitter on the morning of December 6 that it will launch the official token $PENGU on the Solana chain , and plans to issue the token in December 2024. Yesterday, Pudgy Penguins posted a post on X , " The calm before the storm ", hinting that the token is coming soon. Solana co-founder Toly also retweeted the post. The total supply of $PENGU is 88,888,888,888 , of which the Pudgy community will receive 25.9% of the tokens and other communities will receive 24.12% of the tokens. Pudgy Penguins reminds users that the token has not yet been released, and malicious attackers may create fake websites and tokens. Please do not interact with these websites or contract addresses.
two, Attention Value - Hot Project
1. Project Introduction
l $JAIL | AI | @jailbreakme_xyz
- AI model vulnerability testing platform, which aims to enable companies to test their AI models and agents in a distributed environment , identifying timely vulnerabilities and weaknesses before production deployment.
- Participants can receive rewards by successfully "jailbreaking" and discovering vulnerabilities in AI models.
-This project enables developers to stress-test their LLMs and improve their infrastructure for training AI agents.
three, Attention Value - Sector Rotation
1. Hot topics
Source: Dune , Dot Labs
Source: Dune , Dot Labs
2. Inside the plate
Source: Dune , Dot Labs
