Web3 AI Daily Review (2025/1/20)

2025-01-20 23:09:27

Collection

Forbes commented on the meme coin event issued by Trump in a column, pointing out that it could trigger a constitutional crisis. Although the incoming SEC chairman may introduce a more crypto-friendly policy, the fundamental legal principles remain unchanged, and the personality and policy preferences of SEC leaders cannot override existing securities laws.

I. Attention Value - Market Highlights

1. Market Trends

(1) Macroeconomic Environment:
l Forbes: Trump’s issuance of Meme Coin triggers constitutional crisis and political-economic controversy
Forbes commented on the meme coin event issued by Trump, pointing out that it could trigger a constitutional crisis. Although the incoming SEC chairman may introduce a more crypto-friendly policy, the fundamental legal principles remain unchanged, and the personalities and policy preferences of SEC leaders cannot override existing securities laws. The report also noted that the launch of TRUMP Coin reveals fundamental tensions in contemporary American politics. Trump positions himself as a supporter of the cryptocurrency industry and promises to make the U.S. the "global cryptocurrency capital," but the structure and timing of his digital token project raise concerns about the fusion of his personal interests and political power. The ownership of the token is concentrated in companies associated with Trump, and its issuance coincides with the eve of his inauguration, leading to questions about whether he genuinely supports cryptocurrency innovation or is merely further commercializing the presidency.
(2) Web3 Sector:
l Crypto market generally retreats, Bitcoin falls below $100,000
The cryptocurrency market generally retreated, with the AI Agents sector dropping 12.08% in the past 24 hours. Major AI tokens like AI16Z, ARC, AVA, and ACT fell by 29.83%, 23.69%, 32.92%, and 29.18%, respectively. FARTCOIN rose against the trend by 16.74%. Additionally, the DeFAI sector saw a decline of 14.90%, with GRIFFAIN dropping 12.05%. The CeFi sector fell by 3.28%, PayFi by 6.75%, DeFi by 6.94%, Layer 1 by 6.99%, and the Meme sector by 7.53%. Bitcoin also briefly fell below the $100,000 mark, with the latest price at $102,499.

2. Hot Events

(1) Macroeconomic Environment:
l Criminal gang led by former professional football player accused of laundering 1.1 trillion won in South Korea
Busan police in South Korea announced that a criminal gang led by a former professional football player has been accused of laundering money for 112 gambling websites through a fake cryptocurrency trading platform, with an amount involved reaching 1.1 trillion won (approximately $756.8 million). The gang employed active corporate security software developers to create fake trading platforms between January 2022 and September 2023, using over 200 bank accounts to collect gambling funds from 66,802 members and profiting about 10 billion won (approximately $6.88 million) by charging a 0.1% fee. Police investigations also revealed that the gang used deepfake celebrity videos to lure 80 minors into gambling. So far, eight people have been arrested, and 11 face non-custodial prosecution.
(2) Web3 Sector:
l UXLINK launches Fuji Card to promote the use of crypto assets in daily payments
UXLINK announced that it will launch a cross-border crypto asset payment card called Fuji Card in collaboration with international payment institutions, aimed at promoting the application of crypto assets in daily life, including clothing, food, housing, transportation, cross-border transfers, and DeFi services, further driving the popularity and practicality of crypto assets. The issuance of Fuji Card will be supported by the blockchain technology of UXLINK Social Growth Layer, while the One Account One Gas (OAOG) protocol will provide users with a smooth experience. Additionally, Fuji Card will introduce high-quality Web3 projects within the UXLINK ecosystem, offering users rich value-added rights and airdrop opportunities, further enhancing user experience and ecological value, empowering $UXLINK. UXLINK plans to use the social crypto fiat cross-border payment card as a foundation to build a seamless bridge between crypto assets and real-world applications, providing users with safe, inclusive, and beneficial financial services.

3. Hot Narrative

l Trump family cryptocurrency frenzy: Trump Coin skyrockets then crashes, Melania Coin follows closely
Two days before Trump was set to take office, he launched his personal meme coin "Trump Coin," which quickly sparked a market frenzy. According to CoinGecko, "Trump Coin" opened at $0.1824, surging over 15,000% within 12 hours, peaking at $84, with a market cap nearing $80 billion. Following closely, Trump's wife Melania also launched her own cryptocurrency—"Melania Coin," which broke through $5 shortly after its launch, with a market cap exceeding $5 billion. However, this series of coin launches had a massive impact on the market, with "Trump Coin" plummeting 60% within 30 minutes after the launch of "Melania Coin," while Solana and Bitcoin also saw significant declines. Analysts believe this phenomenon reflects the market's frenzied pursuit and rapid shift regarding the Trump family's cryptocurrencies. Within minutes of the launch of "Melania Coin," a large number of investors began to sell "Trump Coin." Influencers on social media commented that cryptocurrencies seem to have become a business for the Trump family. The Trump family holds 80% of the total supply of "Trump Coin" through their company, which means their selling actions could significantly impact the market. Additionally, Trump appointed David Sacks as the head of cryptocurrency and artificial intelligence affairs, indicating his policy support for the crypto industry. Although the short-term performance of "Trump Coin" and "Melania Coin" is eye-catching, analysts warn that such high volatility and speculation may pose risks, and investors should approach such meme coins with caution to avoid losses.

II. Attention Value - Hot Projects

1. Project Introduction
l $quarm | AI | @miao16z
- Quarm is a proxy cluster system used to coordinate dedicated AI agents to handle queries.
- GitHub Project: The current development progress of the project is preliminary, with only 4 stars, and the last code submission was 3 days ago, with a total of only three commits: the first for initializing the repository, the second for updating the code, and the third only updating the documentation. The code has few dependencies, only using OpenAI's library. The project's agents directory contains five files, including a simple Telegram bot code and an API server code. The API server sets up a web server to provide two interfaces for receiving user requests. The core functionality mainly focuses on the swarm.py file, which, according to GPT's summary, implements a multi-agent AI system capable of handling user queries ranging from simple to complex.
- Dev Holdings: A total of 120M purchased, accounting for 12% of the total supply. Of this, 5% is transferred to AI16Z DAO, 5% is locked until July 17, and 1% is held by the development team.