Bitcoin breaks through $100,000, the crypto market fully recovers.

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The crypto market is warming up, Bitcoin returns to the $100,000 mark

After the release of the US Consumer Price Index (CPI) data for November, the crypto market as a whole has shown a warming trend. Bitcoin price increased by 4.5%, breaking through the $100,000 mark, and Ethereum also surpassed $3,800. Altcoins generally rebounded, returning to the levels seen before yesterday's decline. Data shows that the net inflow of Bitcoin spot ETFs in the US yesterday was $223 million, with over 970 million USDT flowing from Tether into exchanges within 24 hours, increasing market trading activity and strong bullish sentiment among investors.

Web3 AI Daily Review (2024/12/12)

In the meme coin sector, Dogecoin, Shiba Inu coin, WIF, BONK, and FLOKI have all achieved double-digit gains. AI concept tokens such as NEAR, ICP, and Render have also recorded over 10% increases, showing that the market continues to pay attention to emerging sectors.

The U.S. Bureau of Labor Statistics announced that the CPI in November rose by 2.7% year-on-year, slightly higher than October's 2.6%, in line with market expectations. It increased by 0.3% month-on-month, up from last month's 0.2%, marking the largest increase since April this year. The core CPI remained at 3.3% year-on-year and grew by 0.3% month-on-month, unchanged from the previous value. These data boosted market expectations for the Federal Reserve to cut interest rates by 25 basis points at next week's meeting, with the probability of a rate cut exceeding 96%.

Affected by CPI data, major U.S. stock indices rebounded across the board. The Dow Jones Industrial Average fell slightly by 0.2%, the S&P 500 rose by 0.8%, and the Nasdaq surged by 1.77%, breaking the 20,000 point mark for the first time. Tesla's stock price rose nearly 6%, driving tech giants like Google, Meta, and Amazon to new highs. Crypto concept stocks performed strongly, with MicroStrategy up over 9% and Coinbase up nearly 4%.

Web3 AI Daily Review (2024/12/12)

Brian Quintenz may become a candidate for CFTC chairman, which may affect crypto market regulation policies.

Former Republican CFTC Commissioner Brian Quintenz has become a leading candidate to head the U.S. Commodity Futures Trading Commission (CFTC), potentially signaling a significant shift in crypto regulation policy during President Trump's administration. Quintenz has reportedly interviewed for the position, and he currently oversees policy affairs in the digital assets division a16z Crypto at the venture capital firm Andreessen Horowitz. Although the relevant parties have not yet made a formal response to this news, it has already sparked widespread attention in the market.

Web3 AI Daily Review (2024/12/12)

Reported by 《Nature》: Scientists earn more than professors' salaries through cryptocurrency review of papers.

The renowned scientific journal "Nature" reported on the DeSci project ResearchHub, which incentivizes academic peer review through the native token RSC, with approximately $150 equivalent token rewards for each paper reviewed. Pedro Paulo Gattai Gomes, a molecular biology consultant from São Paulo, stated that his income from reviewing papers on ResearchHub has exceeded his salary while serving as a professor. Gomes reviews an average of 15 papers per month, earning RSC tokens worth $150 each time. He believes: "Paid reviewing is just, and unpaid work that doesn't even receive thanks is very unfair."

After the news was announced, the price of RSC surged. According to CoinGecko, RSC skyrocketed by 22.7% within 24 hours, reaching as high as $1.04.

Web3 AI Daily Review (2024/12/12)

The Resurgence of Decentralized Science (DeSci): New Opportunities and Challenges in the Crypto Industry

Recently, decentralized science (DeSci) has become a hot topic in the crypto market. Google Trend data shows that this keyword reached its highest search popularity in five years at the end of November. DeSci is actively addressing challenges faced by the traditional science sector such as funding shortages, data sharing, and collaboration, with applications extending to advancing research, reducing the cost of genetic testing, and treating hair loss.

As some tokens rise, DeSci has attracted a lot of investor attention and speculation, but it also faces some skepticism. However, the report by "Nature" on ResearchHub has once again drawn people's attention. DeSci is entering a period of explosion, and CoinGecko data shows that the total market capitalization of industry-leading DeSci tokens has exceeded $1.2 billion, highlighting the huge growth potential and market recognition of this field.

Project Introduction: $arc

  • Building Rig, a Rust library for creating scalable, modular, and ergonomically designed LLM-driven applications.
  • $arc is the token of the founder of the rig framework.
  • Built on Rust, native to Solana, with speed, scalability, and security that are very suitable.
  • Roadmap: 1. Multi-agent system; 2. Agents for specific platforms (discord, tg, notion, slack, etc.); 3. Agents with on-chain operation capabilities; 4. Agents for reading on-chain data; 5. Integration with other agent networks; 6. Educational content to help developers better understand their platforms.

Web3 AI Daily Review (2024/12/12)

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HodlTheDoorvip
· 18h ago
The dream of the crypto world finally comes true.
View OriginalReply0
CoffeeNFTradervip
· 18h ago
It's started, the crypto world still has to watch the face of the American Empire.
View OriginalReply0
BrokeBeansvip
· 19h ago
Play people for suckers and suckers are fresh.
View OriginalReply0
ForkPrincevip
· 19h ago
The bull run has really come, right!
View OriginalReply0
SatoshiSherpavip
· 19h ago
The crypto world is really nice~
View OriginalReply0
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