FTX repayment triggers BTC fall to $93K
I. Mainstream exchange news
- WOO X has launched the SHELL/USDT perpetual contract with up to 10x leverage.
- Coinbase International will launch the EURC/USDC perpetual contract with up to 20x leverage.
- Bitget has announced the further expansion of the Bitget Builders program, launching a global recruitment initiative to co-build the crypto ecosystem.
- Binance has released a notification regarding the change in the tokenomics of BurgerCities (BURGER), with an annual inflation rate ranging from 6% to 12%.
II. Mainstream projects and trending events
- According to Bitcoin News, Cryptocurrency exchange Kraken has completed the initial fund distribution of FTX assets, compensating over 46,000 creditors.
- Crypto-focused asset manager Grayscale has launched the Grayscale PYTH Trust, a single-asset crypto investment fund designed to offer exposure to Pyth Network.
- According to decentralized financial services platform IntoTheBlock, the total market cap of memecoins has dropped to levels not seen since November 2024, with nearly all of the winter gains being retraced.
- Cryptocurrency firm Tether has submitted a bid to acquire a majority stake in South American energy company Adecoagro, in a transaction valued at around $385 million.
- High-performance L1 platform Hyperliquid has launched HyperEVM, a new EVM execution environment designed to bring general-purpose programmability to its L1 blockchain.
- Elon Musk has announced that Premium+ members on the X platform will be the first to experience Grok 3, an artificial intelligence model developed by his AI company xAI, which powers a new intelligent search engine called Deepsearch and features reasoning capabilities similar to DeepSeek R1 and OpenAI's o3 Mini.
- Justin Wang, Zeus co-founder and CEO, has stated that Zeus will launch the BTCLiquidity terminal APOLLO on the public Mainnet within a month.
III. Financing news
- Crypto startup Altius Labs has completed an $11 million Pre-Seed funding round, led by Founders Fund and Pantera.
IV. Regulatory news
- Nigeria is amending regulations to allow cryptocurrency trading and digitized transactions to be taxed as it seeks to boost revenue.
- The Secretary for Financial Services and the Treasury of the Hong Kong Special Administrative Region, Hui Ching-yu, stated at the Consensus conference that Hong Kong is considering promoting gold tokenization to innovate the financial market.
V. Popular projects
Market overview
Bitcoin has been significantly impacted by news related to FTX's fund reimbursements, causing it to drop to $93,388. Notably, the price gap between Bitcoin on Coinbase and Binance exceeded $60.
After the intense selling pressure, Bitcoin began to rebound. Attention is now on whether it can stabilize around the $95,510 mark.
Currently, Bitcoin's market dominance is at 61.25%, with the TOTAL3 index, which tracks altcoin performance, decreasing to $875 billion.
MKR: Undervalued project
During recent periods of market downturn, there has been a rebound in projects that are undervalued or have been excessively sold off.
MKR, a leading project in lending, real-world assets (RWA), and stablecoins, has been undervalued.
Currently, MKR's market cap stands at $1 billion, with over $5.4 billion locked up in the protocol.
MEOW: Solana ecosystem meme
MEOW, created by programmer Alex, aims to support animal welfare through token staking and charitable collaborations, rewarding the community.
Featuring a kitten, MEOW easily resonates within the community. Currently, MEOW's market cap stands at $680 million.
FORTH: Ampleforth's governance token
FORTH is the governance token of Ampleforth (AMPL), one of the few surviving pure algorithmic stablecoins in the market, which aims to mirror the purchasing power of the 2019 dollar.
The ecosystem includes a low-volatility stablecoin (SPOT), a high-volatility product (stAMPL), and wAMPL, which tracks AMPL's market cap changes without rebasing.
In July 2024, Coinbase CEO Brian announced a strategic investment of $1 million in SPOT, indicating a tight integration with the Coinbase ecosystem across multiple sectors like DeFi, algorithmic stability, and RWA.
During the recent downturn, AMPL and SPOT maintained stable pricing, drawing considerable market attention. Currently, AMPL's market cap stands at $123 million.
MEMDEX: Memecoin index
MEMDEX redefines decentralized finance by curating a basket of the top 100 memecoins.
It utilizes a forward-thinking algorithm with quantum AI-based on-chain oracles to manage, rebalance, and optimize a highly volatile asset portfolio, ensuring unparalleled growth potential.
The current market cap of the MEMDEX token is $29 million.
BREW: Robotics and AI concept
HomebrewRobotics is an organization that empowers builders to innovate at the intersection of robotics, AI, and cryptography.
Inspired by the Homebrew Computer Club—a hobbyist group that provided Steve Jobs with the platform necessary to develop the Apple I—HomebrewRobotics aims to be a similar catalyst in the robotics field.
BREW's market cap stands at $23.5 million.
On-chain daily
1. FROC
FROC is a memecoin on Base, gaining attention after Coinbase Wallet used it as an example token in a tutorial video.
- Token Holders: 3,877
- Price: $0.0001898
- Market Cap: $18.9M
- Official Twitter: https://x.com/CoinbaseWallet/status/1891950793864986648
- Trade Board: https://dexscreener.com/base/0x74f8a8c18010659a456c8584e625996ab62c1b62
2. HIBER
HIBER is an AI Agent token on Solana, aiming to build an AI infrastructure layer for developers.
- Token Holders: 4,232
- Price: $0.007
- Market Cap: $7M
- Official Twitter: https://x.com/hibernates_ai
- Trade Board: https://dexscreener.com/solana/f738ufujzwajvronjkotysdm83sl4uz81jxrd7yprcx6
3. KET
KET is a memecoin on Avalanche, featuring a cartoon cat mascot. The project has also developed a wallet activity monitoring dashboard to track large token dumps and transaction obfuscation attempts.
- Token Holders: N/A
- Price: $0.445
- Market Cap: $445M
- Official Twitter: https://x.com/yellowcatdao
- Trade Board: https://dexscreener.com/avalanche/0x9962cf3ba621beb96d3fa2614d24161a717ada71
4. KIT
KIT is an AI Agent token on Solana, created by @griffaindotcom. It enables users to purchase real-world products with any token. The project gained additional visibility after being featured in a post by Solana today.
- Token Holders: 5,995
- Price: $0.00565
- Market Cap: $5.6M
- Official Twitter: https://x.com/agent_kitsune
- Trade Board: https://dexscreener.com/solana/bmitytmkwcvnwmf47zwpa7vdlabbvaivdxcczl2rjzto
5. GUD
GUD is an AI Agent token on Base, operating as a chatbox service that delivers real-time crypto insights, including token analysis and trending KOL signals.
- Token Holders: 928
- Price: $0.0168
- Market Cap: $16.8M
- Official Twitter: https://x.com/gudtech_ai
- Trade Board: https://dexscreener.com/base/0x6d8503c85340176f61d5593182cccd37ba7e9b6a
6. SNAI
SNAI is an AI automation tool on Solana, allowing users to run Python agents in the cloud without server management. Agents can be scheduled or manually triggered via UI, REST API, or Python SDK.
- Token Holders: 35,958
- Price: $0.0367
- Market Cap: $36.7M
- Official Twitter: https://x.com/swarmnode
- Trade Board: https://dexscreener.com/solana/9qikn1qnuuvtzxhrwo86prnr3lsm933mvj8phrt5ah8y
AI agent market overview
- Number of listed tokens: 95
- Overall market cap change: The total market cap is $3.42 billion, with a daily decrease of -10.9%.
- Overall trading volume change: 24-hour trading volume is $240 million, with a daily decrease of -4.7%.
Top 3 tokens by AI Agent Mindshare
1. AIXBT: AIXBT is an AI memecoin on Base, issued by Virtuals Protocol. The concept is an AI cryptocurrency investment advisor, claiming to be trained on data from over 400 KOLs. By simply entering the coin's tag "aixbt" on Twitter, it can answer questions about the coin.
- Mindshare Share: 8.63%
- Three-Day Mindshare Change: -14.2%
- Current Price: $0.179
- Market Cap: $179M
- 24-Hour Change: -10.7%
2. FARTCOIN: FARTCOIN is an AI memecoin on Solana, considered the beta version of GOAT. This is because Truth Terminal's original mission was to tell fart jokes, making it a purer form of a memecoin.
- Mindshare Share: 4.75%
- Three-Day Mindshare Change: -23.7%
- Current Price: $0.328
- Market Cap: $328M
- 24-Hour Change: -9.5%
3. VIRTUAL: VIRTUAL is an AI agent smart network built on the Base network, designed to create various AI characters for different virtual worlds (such as games or online spaces), which respond through text, voice, and actions. It adjusts incentives for decentralized creation and monetization of each virtual interaction (games, metaverse, online interactions, etc.).
- Mindshare Share: 3.66%
- Three-Day Mindshare Change: -22.4%
- Current Price: $1
- Market Cap: $1B
- 24-Hour Change: -13.5%
Data sourced from https://www.cookie.fun.
Top 3 tokens by 24-hour holder growth
1. CLANKER: Clanker is an AI-driven "Token Bot" designed for rapid DIY token deployment. Users can tag Clanker on Farcaster clients like Warpcast or Supercast, tell it their token concept, and it will launch the token for them on Base.
- 24-Hour Increase in Holder Addresses: 15,523 (+12.5%)
- Current Price: $35.4
- Market Cap: $35.4M
- 24-Hour Change: +17.9%
- Official Twitter: https://x.com/clankeronbase
- Trading Dashboard: https://dexscreener.com/base/0xc1a6fbedae68e1472dbb91fe29b51f7a0bd44f97
2. AIMONICA: AIMONICA is an AI Agent token on Solana created by the vvaifu platform. It is the first meme VC and has also partnered with Flock AI.
- 24-Hour Increase in Holder Addresses: 501 (+1.56%)
- Current Price: $0.0054
- Market Cap: $5.4M
- 24-Hour Change: +20%
- Official Twitter: https://x.com/AimonicaBrands
- Trading Dashboard: https://dexscreener.com/solana/3uyvfengpyxrnk9tpr7t9kudb8pnpwd92xoqrttzpsxf
3. LUNA: LUNA is an AI memecoin on Base, the first AI agent robot created on Virtuals. It is represented as a virtual electronic girl (Vtuber) and can also collect live-stream tips.
- 24-Hour Increase in Holder Addresses: 226 (+0.08%)
- Current Price: $0.016
- Market Cap: $16M
- 24-Hour Change: -10.6%
- Official Twitter: https://x.com/luna_virtuals
- Trading Dashboard: https://dexscreener.com/base/0xa8e64fb120ce8796594670bae72279c8aa1e5359
Data sourced from https://www.sentient.market/
Bitcoin ecosystem overview
BTC Mainnet Gas Fee Update:
- The current BTC transaction fee is 2 satoshis/byte.
- Gas fee performance remains weak.
Fractal Bitcoin Gas Fee Update
- The transaction fee is 1 satoshi/byte.
- Gas fee performance remains weak.
Inscription, Rune, and Fractal Bitcoin Leading Token Tracking:
ORDI:
- Current Price: $11.74
- 24-Hour Change: -4.76%
- Market Cap: $246.69 million
DOG:
- Current Price: $0.0029
- 24-Hour Change: +2.23%
- Market Cap: $294.42 million
FB:
- Current Price: $1.29
- 24-Hour Change: +11.09%
- Market Cap: $16.60 million
Today's Popular Projects:
𝛑: The leading rune inscription project.
- Market Cap: $118M
- 24-Hour Trading Volume: $1.15M
- 24-Hour Change: +11.81%
- Number of Holders: 99,164
DOGEFB: Doge fractal Bitcoin inscription.
- Market Cap: $121.18M
- 24-Hour Trading Volume: $8.95K
- 24-Hour Change: +10.91%
- Number of Holders: 1,438
DOG•GO•TO•THE•MOON: Doge concept rune.
- Market Cap: $291.91M
- 24-Hour Trading Volume: $260.87K
- 24-Hour Change: +1.96%
- Number of Holders: 99,786
Performances of today's top three tracks
RWA: Overall Daily Sector Change: -0.57%
1. MKR: Sky is a decentralized lending platform that enables over-collateralized loans by locking tokens like ETH in smart contracts and minting the USD-pegged stablecoin DAI.
- Current Price: $1,176
- Daily Increase: +10.63%
- Market Cap: $994.08M
- 24-Hour Trading Volume: $171.67M
- Recent Updates: None
2. PLUME: Plume is a fully integrated modular chain focusing on RWAfi. They have built the first modular, composable RWA-focused EVM-compatible chain, aiming to simplify asset onboarding and capital onboarding through native infrastructure and unified RWAfi-specific features.
- Current Price: $0.14256
- Daily Increase: +9.53%
- Market Cap: $285.12M
- 24-Hour Trading Volume: $53.33M
- Recent Updates: None
3. OM: MANTRA aims to become the first RWA L1 blockchain that complies with and enforces real-world regulatory requirements. By accelerating the adoption of tokenized RWAs, MANTRA has the potential to unlock the $160 trillion RWA economy through a regulatory-ready blockchain.
- Current Price: $4.35
- Daily Increase: +7.60%
- Market Cap: $7.4B
- 24-Hour Trading Volume: $330.52M
- Recent Updates: None
SocialFi: Overall Daily Sector Change: -2.30%
1. ACS: Access Protocol provides a new monetization layer for all digital content creators. By integrating the Access Protocol on their websites, creators can set up paywalls and provide premium content to their supporters.
- Current Price: $0.00243
- Daily Increase: +19.38%
- Market Cap: $98.95M
- 24-Hour Trading Volume: $10.17M
- Recent Updates: None
2. BERRY: Strawberry AI is an AI-powered, crypto-centric content interpretation and search engine. It uses a multi-modal design and represents a step towards Artificial General Intelligence (AGI). Using LLMs, Strawberry AI processes data to create knowledge graphs and answer user queries related to private datasets.
- Current Price: $0.0002149
- Daily Increase: +1.08%
- Market Cap: $2.1M
- 24-Hour Trading Volume: $3.68M
- Recent Updates: None
3. MASK: Mask Network is a Web3 gateway designed to connect Web2 users to Web3.
- Current Price: $2.2
- Daily Increase: +0.1%
- Market Cap: $220M
- 24-Hour Trading Volume: $32.95M
- Recent Updates: None
PayFi: Overall Daily Sector Change: -3.04%
1. TEL: Telcoin is a mobile remittance network built on Ethereum. The project aims to provide low-cost services directly through telecom companies, competing with existing remittance companies.
- Current Price: $0.01231
- Daily Increase: +29.99%
- Market Cap: $958.21M
- 24-Hour Trading Volume: $17.37M
- Recent Updates: None
2. ACH: Alchemy Pay is a payment solution provider that connects global consumers, merchants, developers, and institutions to both the fiat and crypto economies.
- Current Price: $0.03568
- Daily Increase: +16.49%
- Market Cap: $176.39M
- 24-Hour Trading Volume: $387.51M
- Recent Updates: None
3. LTC: Litecoin (LTC) is a peer-to-peer cryptocurrency for online payments. It operates on a fully decentralized global payment network without any central authority.
- Current Price: $132.25
- Daily Increase: +6.58%
- Market Cap: $9.99B
- 24-Hour Trading Volume: $1.35B
- Recent Updates: None
Disclaimer
The development and market cap of stablecoins mentioned in the above content are speculative and based on market analysis at the time of writing and should not be interpreted as guaranteed outcomes. Market conditions can fluctuate widely and unpredictably due to numerous factors such as regulatory changes, market demand, and global economic developments.
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