1. Attention Value-Market Key Points
1. Market conditions
(1) Macro environment:
The Federal Reserve assesses the impact of Trump's new administration on the economy and inflation, and the uncertainty of interest rate cuts increases
Well-known journalist Nick Timiros pointed out in the Wall Street Journal that the Federal Reserve is reassessing the potential impact of the new Trump administration on the US economy and inflation. According to people familiar with the matter, Federal Reserve Chairman Powell expressed dissatisfaction with the public statements of some officials, believing that they too directly linked the Fed's policies to Trump's policy changes. At present, the market generally expects that the Fed's future interest rate cuts will be slower and more cautious. Analysts point out that the prospect of the Fed's interest rate cut in 2025 is full of uncertainty, and investors need to deal with the economic turmoil that may be brought about by the Trump administration. According to CME data, in January next year, the probability of the Federal Reserve keeping interest rates unchanged is 87.2%, and the probability of a 25 basis point cut is 12.8%. By March next year, the probability of maintaining the current interest rate unchanged is 50.6%, the probability of a 25 basis point cut is 44.1%, and the probability of a 50 basis point cut is 5.4%.
(2) Web3 field:
l Bitcoin fell below $95,000 again, market sentiment was depressed and capital outflows intensified
The crypto market continued to fluctuate downward. Bitcoin started a new round of decline last night, hitting a low of $93,000, a new low in nearly a week. According to Coinglass data, the funding rates of mainstream centralized exchanges (CEX) and decentralized exchanges (DEX) show that the market is generally bearish. At the same time, Bitcoin spot ETFs saw net outflows again on Friday, reaching $287 million, and a cumulative net outflow of $376 million last week. During the market adjustment, the tokens of the CEX platform performed relatively well, while the hype of AI Agent continued, with significant capital inflows.
2. Hot events
(1) Macro environment:
a16z Crypto opposes new U.S. Treasury regulations, saying they threaten the future of DeFi innovation
Michele Korver, head of regulation at a16z Crypto, posted on social media, expressing the company's confidence in DeFi, believing that DeFi will make financial services and the digital economy more convenient, efficient, interoperable, reliable and consumer-centric. However, Korver pointed out that the new broker reporting rules recently released by the U.S. Treasury Department pose a direct threat to this vision and may hinder the future of DeFi innovation in the United States. a16z Crypto supports the lawsuit filed by the Blockchain Association, the DeFi Education Fund, and the Texas Blockchain Commission, arguing that the IRS and the Treasury Department have exceeded their statutory authority, violated the Administrative Procedure Act (APA), and may be unconstitutional. Korver emphasized that a16z will continue to fight to safeguard the future of DeFi with the support of the courts, Congress, and the new executive branch.
(2) Web3 field:
The Securities Commission of Malaysia took action to rectify the situation: Bybit was ordered to cease operations due to unregistration
The Securities Commission of Malaysia has taken strict enforcement action against cryptocurrency trading platform Bybit and its CEO for operating a crypto asset trading business locally without proper registration. The regulator stated in a statement on Friday that Bybit must immediately cease operations of its website, mobile application and other digital platforms in Malaysia and require it to complete rectification within 14 working days from December 11. In addition, Bybit was also required to terminate all advertising activities targeting Malaysian investors and close the Telegram group that provides support to local users.
The regulator said the decision was based on concerns about the platform's compliance with local regulatory requirements and the protection of investor rights. Under Section 7(1) of the Capital Markets and Services Act 2007, it is an offence to operate a digital asset trading platform (DAX) without obtaining a registration as a Recognized Market Operator (RMO) of the Securities Commission. As early as July 2021, Bybit and its CEO were included in the Securities Commission Malaysia's investor warning list for similar violations.
3. Hot topic narrative
l AI agent market rose against the trend, ai16z market value hit a record high
AI agent has once again attracted widespread attention. According to SoSoValue data, despite the overall correction in the crypto market, the AI agent sector has risen against the trend, with a 24-hour increase of 1.54%. ai16z recently released a proposal for a token economics update. The key points include the Launchpad phase in the first quarter of 2025, through the acquisition of mature technologies and teams, focusing on the innovation of the Eliza framework, and achieving multi-chain integration to increase startup fees, pledges and other value capture mechanisms. The second phase focuses on ecological growth and incentive synergy, aiming to increase the value of multiple products, enhance the connection between ai16z tokens, and incentivize developers through repurchases and ecological funds. Subsequently, the market value of ai16z soared to US$1.5 billion, a record high, reflecting the market's recognition of the potential of AI agents.
2. Attention Value-Hot Projects
1. Project Introduction
$SLINKY | ZK | @Slinky_Sol
- Narrative: The largest airdrop of SOL, representing a breakthrough in Solana token technology.
- $SLINKY’s market value exceeded 10 million US dollars half an hour after the coin was issued yesterday, and then fell back to 7 million US dollars. It is currently trading at 11 million US dollars.
- 10% of the total supply will be distributed to wallets that hold more than 0.006 SOL during the August 30 snapshot, a total of 27,775,857 wallets, using ZK Compression to achieve true mass distribution. The traditional airdrop method requires 55,550 SOL as a handling fee, while using Slinky's technology only requires 22.2 SOL.
3. Attention Value-Sector Rotation
1. Hot topics
Source: Dune, Dot Labs
Source: Dune, Dot Labs
2. Inside the plate 
Source: Dune, Dot Labs
