1. Attention Value-Market Key Points
1. Market conditions
(1) Macro environment:
l Matrixport : If Trump successfully nominates the leadership of the Treasury Department and the SEC , it may trigger a new round of revival in the DeFi market
Matrixport's latest report pointed out that Trump's three key cabinet nominees will be responsible for the Treasury Department, the Commerce Department and the Securities and Exchange Commission respectively. They are generally regarded as supporters of cryptocurrencies, and these nominations are expected to accelerate the integration of cryptocurrencies in the US economy. If these nominations are confirmed, the market narrative in 2024 may shift from "Bitcoin as digital gold" to the revival of decentralized finance (DeFi), and traditional finance will gradually integrate DeFi applications with blockchain technology to improve payment and transaction efficiency. Although clear regulations are expected to be introduced, this shift may make cryptocurrencies the biggest beneficiary of this election and promote the acceptance of cryptocurrencies worldwide.
Matrixport also mentioned that the possibility of establishing a strategic Bitcoin reserve is increasing, but the United States may not actively purchase Bitcoin, but will retain existing Bitcoin assets indefinitely.
(2) Web3 field:
l Base AI agent is attracting much attention. Is the "Base era" coming soon?
Recently, the AI boom has triggered the emergence of many new currencies, especially meme coins on Sol. At the same time, the Base ecosystem has also begun to show its potential, and the continuous emergence of new projects and tokens has made the market atmosphere more and more hot. As a blockchain network developed by Coinbase, Base has attracted the attention of many Coinbase users. Coinbase provides Base with credibility, financial resources and regulatory support, as well as a solid user base. The Base ecosystem has great potential. In addition, on November 26, Phantom announced that it will support Base, which greatly reduces the threshold for using Base. In the future, we will witness more and more protocols and applications gradually supporting Base, and more applications developed natively based on Base will emerge.
2. Hot events
(1) Macro environment:
Russian President Vladimir Putin officially signed the digital currency taxation law
According to TASS, Russian President Vladimir Putin signed a new law regulating the taxation of digital currencies on November 29. The law considers digital currencies as property and applies to currencies used for foreign trade payments within the framework of the “Experimental Legal Regime in the Field of Digital Innovations” (EPR).
Under the new rules, the mining and sale of digital currencies will be exempt from value-added tax (VAT), but operators of mining infrastructure must report the cryptocurrencies issued for their services to the tax authorities. Failure to submit this information on time will result in a fine of up to 40,000 rubles. In terms of personal income tax, digital currencies obtained through mining will be considered income in kind, and its value will be determined based on market quotations. Such income will be taxed at progressive rates, specifically 13% for income up to 2.4 million rubles and 15% for the amount above this amount. At the same time, in terms of corporate income tax, digital currency mining will be taxed at the standard rate, which will be 25% from 2025. This series of measures aims to regulate the cryptocurrency market, increase government tax revenue, and promote industry development.
The bill regards digital currency mining as a legal economic activity and grants it legal status, which means that mining companies and individuals can operate within the legal framework, reducing legal risks and attracting more participants to enter the market.
(2) Web3 field:
Marc Andreessen said that many technology founders were cut off from their credit cards without warning by banks due to their connection with cryptocurrencies
In a recent Joe Rogan show, a16z co-founder Marc Andreessen revealed that at least 30 tech founders had their bank accounts cut off without warning due to their association with cryptocurrencies, a phenomenon that has sparked widespread discussion in the crypto community. Many industry insiders have shared their experiences of having their or their companies denied service by banks. Caitlin Long, founder of Custodia Bank, said her company has been "cut off" many times and is currently suing the Federal Reserve, with the case set to go to trial on January 21, 2025. Jesse Powell, founder of Kraken, mentioned that the company has been unable to obtain U.S. banking services for many years and had to turn to the European market. Gemini co-founder Tyler Winklevoss pointed out that far more than 30 companies were affected, and said that this phenomenon has caused a systemic suppression of the crypto industry. In response, technology entrepreneur Balaji Srinivasan bluntly stated that this "card-cutting" action against the crypto industry is the result of political pressure and called for accountability for relevant policymakers.
3. Hot topic narrative
l Christmas fever sweeps Solana: Rizzmas, GRINCH and other tokens soar, and their market value soars!
As Christmas approaches, multiple Christmas-themed tokens appear on the Solana platform, and the market heat continues to rise. Among them, the Santa Claus token Rizzmas soared rapidly within 24 hours, with a market value of nearly $100 million; the GRINCH token took advantage of the popularity of Rizzmas and fluctuated and rose in just two days, with a market value of up to $21 million; and Chill GUY maintained high popularity by attracting traffic on social media platforms such as TikTok, and its derivative Chill Grinch once rose 69 times within four hours after the coin was issued. This series of dynamics shows the active performance of the crypto market in the festive atmosphere.
2. Attention Value-Hot Projects
1. Project Introduction
l JAK | meme | @Jakcoin
- The only secondary creation of WOJAK meme on Solana;
- Very popular on tiktok, very active in social activities, attracted 25k holders in just one day;
- Elon Musk once highly praised JAK;
- The narrative is a story from nothing to something: "I am JAK, an ordinary person with no girlfriend, no job, and no confidence, but when I bought this meme, the whole world is mine. The concept played by JAK is in line with the essence of meme, the dream of getting rich and free!
3. Attention Value-Sector Rotation
1. Hot topics
Source: Dune, Dot Labs
Source: Dune, Dot Labs
2. Inside the plate
Source: Dune, Dot Labs
